Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) IT Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.9%
  • 3M-14.8%
  • 1Y-25.0%
  • YTD-15.8%

Over the last 7 days, the IT industry has dropped 2.9%, driven by Addnode Group declining 3.7%. Meanwhile, CAG Group actually outperformed within the industry, gaining 5.9% in the last week. The industry has fallen 25% in the last year. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026SEK 25.7bSEK 27.2bSEK 861.7m17.5x29.8x0.9x
Mon, 19 Jan 2026SEK 30.5bSEK 27.3bSEK 1.4b17.8x22.1x1.1x
Wed, 17 Dec 2025SEK 30.6bSEK 27.3bSEK 1.4b16.8x22.2x1.1x
Fri, 14 Nov 2025SEK 31.2bSEK 27.5bSEK 1.1b16.5x27.5x1.1x
Sun, 12 Oct 2025SEK 31.2bSEK 28.1bSEK 1.1b15.4x27.7x1.1x
Tue, 09 Sep 2025SEK 33.2bSEK 28.1bSEK 1.2b17.7x28.8x1.2x
Thu, 07 Aug 2025SEK 32.3bSEK 28.1bSEK 1.4b16.1x23.7x1.2x
Sat, 05 Jul 2025SEK 34.2bSEK 29.2bSEK 1.4b15x24.1x1.2x
Mon, 02 Jun 2025SEK 32.2bSEK 29.3bSEK 1.1b15.8x29.9x1.1x
Wed, 30 Apr 2025SEK 29.3bSEK 29.4bSEK 1.1b16.5x26x1x
Fri, 28 Mar 2025SEK 32.7bSEK 30.5bSEK 1.2b14.9x27.4x1.1x
Sun, 23 Feb 2025SEK 34.5bSEK 30.4bSEK 1.5b14.8x23.3x1.1x
Tue, 21 Jan 2025SEK 31.7bSEK 31.1bSEK 1.4b15.3x22.5x1x
Thu, 19 Dec 2024SEK 33.6bSEK 31.2bSEK 1.3b15.4x25.3x1.1x
Sat, 16 Nov 2024SEK 33.7bSEK 30.9bSEK 1.4b15.2x24.5x1.1x
Mon, 14 Oct 2024SEK 34.3bSEK 30.0bSEK 1.2b17.3x28.4x1.1x
Wed, 11 Sep 2024SEK 34.6bSEK 30.0bSEK 1.2b19.9x28.6x1.2x
Fri, 09 Aug 2024SEK 33.9bSEK 29.7bSEK 1.2b19.2x28.7x1.1x
Sun, 07 Jul 2024SEK 38.8bSEK 29.2bSEK 524.4m19.6x73.9x1.3x
Tue, 04 Jun 2024SEK 38.3bSEK 29.5bSEK 802.9m19.2x47.7x1.3x
Thu, 02 May 2024SEK 34.6bSEK 29.7bSEK 851.4m15.6x40.6x1.2x
Sat, 30 Mar 2024SEK 36.7bSEK 30.2bSEK 924.0m17.1x39.7x1.2x
Mon, 26 Feb 2024SEK 35.9bSEK 30.8bSEK 787.7m15.8x45.6x1.2x
Wed, 24 Jan 2024SEK 31.1bSEK 30.5bSEK 606.9m15.4x51.2x1x
Fri, 22 Dec 2023SEK 30.8bSEK 30.5bSEK 608.7m15.6x50.6x1x
Sun, 19 Nov 2023SEK 28.6bSEK 30.4bSEK 583.6m14.9x49x0.9x
Tue, 17 Oct 2023SEK 25.3bSEK 30.1bSEK 676.9m14.1x37.4x0.8x
Thu, 14 Sep 2023SEK 26.1bSEK 30.1bSEK 677.2m14.6x38.6x0.9x
Sat, 12 Aug 2023SEK 28.8bSEK 29.7bSEK 674.9m15x42.7x1x
Mon, 10 Jul 2023SEK 30.2bSEK 29.4bSEK 1.5b14.1x20.3x1x
Wed, 07 Jun 2023SEK 37.4bSEK 29.1bSEK 1.5b14.5x25.4x1.3x
Fri, 05 May 2023SEK 39.5bSEK 28.7bSEK 1.5b15.5x27x1.4x
Sun, 02 Apr 2023SEK 40.4bSEK 26.9bSEK 1.4b16.3x28.5x1.5x
Tue, 28 Feb 2023SEK 39.5bSEK 26.9bSEK 1.4b17.7x27.5x1.5x
Price to Earnings Ratio

27.5x


Total Market Cap: SEK 39.5bTotal Earnings: SEK 1.4bTotal Revenue: SEK 26.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33x202420252026
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 33.0x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.94x.
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 Market1.64%
Tech2.28%
IT-2.89%
Data Processing Services0%0
Internet Services and Infrastructure-2.46%
IT Consulting-2.91%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 27.0%, 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 Internet Services and Infrastructure industry, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 27% 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
CAG CAG GroupSEK 107.505.9%
+SEK 43.0m		-0.5%PE16x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
ENEA EneaSEK 59.502.8%
+SEK 29.3m		-37.6%PE22.9x
PACT Proact IT GroupSEK 101.600.6%
+SEK 15.5m		-19.0%PE21.3x
SBG StoneBeach GroupSEK 0.5918.7%
+SEK 4.8m		87.3%PS3.8x

Latest News

INFRA
SEK 25.20
InfraCom Group
7D
-3.8%
1Y
9.1%
ANOD B
SEK 69.70
Addnode Group
7D
-3.7%
1Y
-37.7%
CAG
SEK 107.50
CAG Group
7D
5.9%
1Y
-0.5%
GENI
SEK 38.90
Generic Sweden
7D
-6.9%
1Y
-34.3%
NTEK B
SEK 70.40
Novotek
7D
-6.4%
1Y
-14.1%
PACT
SEK 101.60
Proact IT Group
7D
0.6%
1Y
-19.0%

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%
WPTG B
SEK 16.95
White Pearl Technology Group
7D
-4.5%
1Y
147.1%
PREV B
SEK 83.90
Prevas
7D
-2.3%
1Y
-19.6%

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
KNOW
SEK 114.60
Knowit
7D
-6.7%
1Y
-18.7%

Knowit AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 11
Knowit AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
ENEA
SEK 59.50
Enea
7D
2.8%
1Y
-37.6%

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

Analysts have adjusted their price target on Enea to reflect updated assumptions around discount rates, revenue growth, profit margins and future P/E. The shift is framed as a recalibration of their valuation model rather than a major change in view.
EXS
SEK 118.00
Exsitec Holding
7D
-2.9%
1Y
-0.8%

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
TALK
SEK 14.90
TalkPool
7D
1.4%
1Y
134.3%
SBG
SEK 0.59
StoneBeach Group
7D
18.7%
1Y
87.3%