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Swedish (OMX) IT Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.7%
  • 3M-18.2%
  • 1Y-24.6%
  • YTD-17.1%

Over the last 7 days, the IT industry has dropped 1.7%, driven by pullbacks in Exsitec Holding and White Pearl Technology Group of 5.4% and 16%, respectively. Meanwhile, Solidx actually outperformed within the industry, gaining 58% in the last week. The industry has fallen 25% in the last year. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the Swedish IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026SEK 25.3bSEK 27.3bSEK 834.4m17.1x30.3x0.9x
Tue, 03 Feb 2026SEK 29.1bSEK 27.3bSEK 1.3b17.4x22x1.1x
Thu, 01 Jan 2026SEK 30.9bSEK 27.3bSEK 1.4b17.3x22.4x1.1x
Sat, 29 Nov 2025SEK 30.5bSEK 27.5bSEK 1.4b16.6x22.5x1.1x
Mon, 27 Oct 2025SEK 33.4bSEK 27.5bSEK 1.1b16.3x31.6x1.2x
Wed, 24 Sep 2025SEK 32.0bSEK 28.1bSEK 1.1b14.9x28.4x1.1x
Fri, 22 Aug 2025SEK 32.1bSEK 28.1bSEK 1.4b15.5x23.6x1.1x
Sun, 20 Jul 2025SEK 33.6bSEK 28.1bSEK 1.4b16.4x24.6x1.2x
Tue, 17 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b16.1x24x1.1x
Thu, 15 May 2025SEK 31.2bSEK 29.3bSEK 1.1b16.8x29.5x1.1x
Sat, 12 Apr 2025SEK 30.1bSEK 30.5bSEK 1.2b13.7x25.2x1x
Mon, 10 Mar 2025SEK 33.7bSEK 30.5bSEK 1.5b14.8x22.9x1.1x
Wed, 05 Feb 2025SEK 35.2bSEK 30.6bSEK 1.5b15.1x23.5x1.2x
Fri, 03 Jan 2025SEK 33.7bSEK 31.1bSEK 1.4b15.6x23.9x1.1x
Sun, 01 Dec 2024SEK 33.1bSEK 30.9bSEK 1.3b15.2x25.1x1.1x
Tue, 29 Oct 2024SEK 34.8bSEK 30.8bSEK 1.4b15.7x25.4x1.1x
Thu, 26 Sep 2024SEK 34.9bSEK 30.0bSEK 1.2b19.6x28.8x1.2x
Sat, 24 Aug 2024SEK 35.4bSEK 29.8bSEK 1.2b21x29.5x1.2x
Mon, 22 Jul 2024SEK 36.1bSEK 29.7bSEK 1.2b19.7x29.9x1.2x
Wed, 19 Jun 2024SEK 36.7bSEK 29.1bSEK 525.6m19x69.8x1.3x
Fri, 17 May 2024SEK 36.6bSEK 29.5bSEK 839.7m16.8x43.6x1.2x
Sun, 14 Apr 2024SEK 36.7bSEK 30.1bSEK 920.1m16.7x39.8x1.2x
Tue, 12 Mar 2024SEK 34.5bSEK 30.1bSEK 910.0m16.7x37.9x1.1x
Thu, 08 Feb 2024SEK 34.5bSEK 30.7bSEK 572.3m17.2x60.2x1.1x
Sat, 06 Jan 2024SEK 30.8bSEK 30.5bSEK 608.7m15.5x50.6x1x
Mon, 04 Dec 2023SEK 28.6bSEK 30.5bSEK 612.5m15.5x46.7x0.9x
Wed, 01 Nov 2023SEK 26.4bSEK 30.3bSEK 599.4m14.2x44x0.9x
Fri, 29 Sep 2023SEK 25.5bSEK 30.1bSEK 677.2m14.3x37.6x0.8x
Sun, 27 Aug 2023SEK 27.5bSEK 29.9bSEK 668.8m15.3x41.1x0.9x
Tue, 25 Jul 2023SEK 28.7bSEK 29.7bSEK 673.2m15.9x42.7x1x
Thu, 22 Jun 2023SEK 36.1bSEK 29.1bSEK 1.5b13.6x24.4x1.2x
Sat, 20 May 2023SEK 38.6bSEK 28.9bSEK 1.5b14.8x26.5x1.3x
Mon, 17 Apr 2023SEK 42.1bSEK 27.0bSEK 1.4b17.9x29.6x1.6x
Wed, 15 Mar 2023SEK 39.3bSEK 26.9bSEK 1.4b16.2x27.7x1.5x
Price to Earnings Ratio

27.7x


Total Market Cap: SEK 39.3bTotal Earnings: SEK 1.4bTotal Revenue: SEK 26.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swedish IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 33.1x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.93x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 16% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Tech industry?

SE Market-5.13%
Tech-2.40%
IT-1.75%
Data Processing Services0%0
IT Consulting-1.72%
Internet Services and Infrastructure-2.33%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 26.0%, which is higher than its past year's earnings decline of 19.0% per year.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings decline by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
B3 B3 Consulting GroupSEK 37.506.5%
+SEK 21.0m		-39.0%PE31.3x
CAG CAG GroupSEK 107.500.9%
+SEK 7.2m		-1.4%PE16.1x
TRIONA TrionaSEK 36.002.9%
+SEK 5.6m		-26.5%PS0.8x
FRAM B Fram SkandinavienSEK 5.009.2%
+SEK 1.5m		-40.8%PS3.1x

Latest News

WPTG B
SEK 14.00
White Pearl Technology Group
7D
-16.4%
1Y
122.2%
KNOW
SEK 111.40
Knowit
7D
-1.1%
1Y
-32.8%
SOF B
SEK 20.95
Softronic
7D
-2.6%
1Y
-8.7%
ENEA
SEK 59.90
Enea
7D
0.2%
1Y
-33.0%

ENEA: New Security And Traffic Intelligence Wins Will Support Bullish Outlook

Analysts have updated their price target on Enea to reflect revised assumptions for the discount rate and forward P/E. The new target is now set at SEK 80.0, compared with the prior SEK 80.
B3
SEK 37.50
B3 Consulting Group
7D
6.5%
1Y
-39.0%
CAG
SEK 107.50
CAG Group
7D
0.9%
1Y
-1.4%
CX
SEK 31.00
CombinedX
7D
-6.3%
1Y
-17.6%

There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings

Feb 19
There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings
GENI
SEK 35.05
Generic Sweden
7D
-6.9%
1Y
-38.7%
PACT
SEK 102.80
Proact IT Group
7D
-1.7%
1Y
-12.9%

Proact IT Group's (STO:PACT) Soft Earnings Are Actually Better Than They Appear

Feb 18
Proact IT Group's (STO:PACT) Soft Earnings Are Actually Better Than They Appear
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
PREV B
SEK 84.40
Prevas
7D
-2.9%
1Y
-19.8%

Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00

Feb 13
Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00
FRAM B
SEK 5.00
Fram Skandinavien
7D
9.2%
1Y
-40.8%
EXS
SEK 113.50
Exsitec Holding
7D
-5.4%
1Y
-5.0%

Analysts Have Been Trimming Their Exsitec Holding AB (publ) (STO:EXS) Price Target After Its Latest Report

Feb 06
Analysts Have Been Trimming Their Exsitec Holding AB (publ) (STO:EXS) Price Target After Its Latest Report
TRIONA
SEK 36.00
Triona
7D
2.9%
1Y
-26.5%

Triona AB's (NGM:TRIONA) Share Price Not Quite Adding Up

Jan 08
Triona AB's (NGM:TRIONA) Share Price Not Quite Adding Up
DIAH
SEK 1.53
Diadrom Holding
7D
1.0%
1Y
-82.3%