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Swedish (OMX) IT Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.2%
  • 3M-22.3%
  • 1Y-25.5%
  • YTD-28.3%

Over the last 7 days, the IT industry has dropped 1.2%, driven by pullbacks in Exsitec Holding and Addnode Group of 9.3% and 2.1%, respectively. In contrast, White Pearl Technology Group has gained 23%. However, the industry is down 25% over the past year. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026SEK 21.9bSEK 27.3bSEK 911.5m16.4x24.1x0.8x
Tue, 07 Apr 2026SEK 24.4bSEK 27.3bSEK 833.4m17x29.2x0.9x
Thu, 05 Mar 2026SEK 25.1bSEK 27.3bSEK 834.4m17x30.1x0.9x
Sat, 31 Jan 2026SEK 28.9bSEK 27.3bSEK 1.4b16.6x21x1.1x
Mon, 29 Dec 2025SEK 30.6bSEK 27.3bSEK 1.4b17.1x22.2x1.1x
Wed, 26 Nov 2025SEK 30.5bSEK 27.5bSEK 1.4b16.5x22.5x1.1x
Fri, 24 Oct 2025SEK 32.3bSEK 28.1bSEK 1.1b14.7x28.7x1.1x
Sun, 21 Sep 2025SEK 32.8bSEK 28.1bSEK 1.1b14.7x29.1x1.2x
Tue, 19 Aug 2025SEK 31.9bSEK 28.1bSEK 1.4b16.1x23.3x1.1x
Thu, 17 Jul 2025SEK 33.7bSEK 28.2bSEK 1.4b15.4x23.5x1.2x
Sat, 14 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b16.1x23.9x1.1x
Mon, 12 May 2025SEK 29.6bSEK 29.3bSEK 1.1b16.3x27.9x1x
Wed, 09 Apr 2025SEK 30.1bSEK 30.5bSEK 1.2b13.9x25.2x1x
Fri, 07 Mar 2025SEK 33.8bSEK 30.5bSEK 1.5b15x23x1.1x
Sun, 02 Feb 2025SEK 35.0bSEK 30.6bSEK 1.5b15.1x23.1x1.1x
Tue, 31 Dec 2024SEK 33.6bSEK 31.2bSEK 1.3b15.5x25.3x1.1x
Thu, 28 Nov 2024SEK 32.9bSEK 30.9bSEK 1.4b15.1x24x1.1x
Sat, 26 Oct 2024SEK 34.6bSEK 30.9bSEK 1.4b15.6x25.3x1.1x
Mon, 23 Sep 2024SEK 34.9bSEK 30.0bSEK 1.2b19.6x28.8x1.2x
Wed, 21 Aug 2024SEK 35.2bSEK 29.7bSEK 1.2b19.9x29.8x1.2x
Fri, 19 Jul 2024SEK 36.8bSEK 29.7bSEK 573.3m20.3x64.2x1.2x
Sun, 16 Jun 2024SEK 36.2bSEK 29.1bSEK 525.6m19.2x68.9x1.2x
Tue, 14 May 2024SEK 36.1bSEK 29.5bSEK 839.7m16.6x43x1.2x
Thu, 11 Apr 2024SEK 36.7bSEK 30.1bSEK 920.1m16.7x39.9x1.2x
Sat, 09 Mar 2024SEK 34.7bSEK 30.1bSEK 910.0m16.8x38.1x1.2x
Mon, 05 Feb 2024SEK 33.5bSEK 30.7bSEK 583.5m15.8x57.5x1.1x
Wed, 03 Jan 2024SEK 31.0bSEK 30.5bSEK 608.7m15.8x51x1x
Fri, 01 Dec 2023SEK 28.6bSEK 30.5bSEK 613.2m15.1x46.7x0.9x
Sun, 29 Oct 2023SEK 26.1bSEK 30.3bSEK 599.4m14.6x43.6x0.9x
Tue, 26 Sep 2023SEK 25.6bSEK 30.1bSEK 677.2m14x37.9x0.9x
Thu, 24 Aug 2023SEK 28.1bSEK 29.9bSEK 683.1m15.3x41.2x0.9x
Sat, 22 Jul 2023SEK 28.5bSEK 29.7bSEK 673.2m15.9x42.4x1x
Mon, 19 Jun 2023SEK 37.9bSEK 29.1bSEK 1.5b14.5x25.6x1.3x
Wed, 17 May 2023SEK 38.2bSEK 28.9bSEK 1.5b15.2x26.2x1.3x
Price to Earnings Ratio

26.2x


Total Market Cap: SEK 38.2bTotal Earnings: SEK 1.5bTotal Revenue: SEK 28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.1x which is lower than its 3-year average PE of 33.1x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 14% 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 Market0.77%
Tech1.27%
IT-1.20%
Data Processing Services0%0
IT Consulting-0.72%
Internet Services and Infrastructure-9.57%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.8x.
    • Analysts are expecting annual earnings growth of 26.4%, which is higher than its past year's earnings decline of 12.5% 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 13% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 7.2% 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
WPTG B White Pearl Technology GroupSEK 16.5022.6%
+SEK 92.4m		162.7%PE7.3x
PACT Proact IT GroupSEK 116.602.6%
+SEK 77.3m		5.4%PE19.7x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
KNOW KnowitSEK 80.401.5%
+SEK 32.8m		-42.5%PS0.4x
CX CombinedXSEK 37.903.6%
+SEK 25.3m		4.1%PE21x

Latest News

PACT
SEK 116.60
Proact IT Group
7D
2.6%
1Y
5.4%
GENI
SEK 38.45
Generic Sweden
7D
3.2%
1Y
-37.1%
KNOW
SEK 80.40
Knowit
7D
1.5%
1Y
-42.5%
CX
SEK 37.90
CombinedX
7D
3.6%
1Y
4.1%
PREV B
SEK 81.60
Prevas
7D
-2.6%
1Y
-17.0%
WPTG B
SEK 16.50
White Pearl Technology Group
7D
22.6%
1Y
162.7%
ANOD B
SEK 46.85
Addnode Group
7D
-2.1%
1Y
-45.1%
ENEA
SEK 78.10
Enea
7D
-1.9%
1Y
13.5%
Analysis Article • May 02

Some May Be Optimistic About Enea's (STO:ENEA) Earnings

Enea AB (publ)'s ( STO:ENEA ) recent soft profit numbers didn't appear to worry shareholders, as the stock price showed...
EXS
SEK 102.50
Exsitec Holding
7D
-9.3%
1Y
-12.8%
Narrative Update • May 02

EXS: Acquisition Pipeline And Rising Dividend Will Support Bullish Outlook

Analysts have trimmed their price target for Exsitec Holding slightly from SEK161 to SEK159. This reflects updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples.
CAG
SEK 107.50
CAG Group
7D
-1.4%
1Y
-0.5%
NTEK B
SEK 60.10
Novotek
7D
-7.8%
1Y
-23.3%
SOF B
SEK 22.00
Softronic
7D
-1.3%
1Y
2.1%
INFRA
SEK 23.00
InfraCom Group
7D
2.2%
1Y
12.2%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 24.60
Nodebis Applications
7D
7.0%
1Y
49.1%
Analysis Article • Feb 14

Nodebis Applications (NGM:NODE) Has Announced That It Will Be Increasing Its Dividend To SEK1.50

Nodebis Applications AB (publ)'s ( NGM:NODE ) periodic dividend will be increasing on the 27th of May to SEK1.50, with...
BINERO
SEK 1.91
Binero Group
7D
-3.5%
1Y
-14.0%