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Swedish (OMX) IT Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies22
  • 7D-3.6%
  • 3M-13.3%
  • 1Y-32.5%
  • YTD-29.1%

Over the last 7 days, the IT industry has dropped 3.6%, driven by a pullback from Addnode Group of 9.9%. Meanwhile, Solidx actually outperformed within the industry, gaining 58% in the last week. The industry has fallen 33% in the last year. Looking forward, 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, 14 Jun 2026SEK 21.6bSEK 27.3bSEK 903.9m16x23.9x0.8x
Tue, 12 May 2026SEK 22.0bSEK 27.2bSEK 894.9m16.3x24.6x0.8x
Thu, 09 Apr 2026SEK 24.5bSEK 27.3bSEK 833.3m17.5x29.4x0.9x
Sat, 07 Mar 2026SEK 25.3bSEK 27.3bSEK 834.4m17.1x30.3x0.9x
Mon, 02 Feb 2026SEK 28.9bSEK 27.3bSEK 1.3b17.2x21.8x1.1x
Wed, 31 Dec 2025SEK 30.9bSEK 27.3bSEK 1.4b17.3x22.4x1.1x
Fri, 28 Nov 2025SEK 30.8bSEK 27.5bSEK 1.4b16.6x22.7x1.1x
Sun, 26 Oct 2025SEK 33.4bSEK 28.2bSEK 1.1b16.1x31.1x1.2x
Tue, 23 Sep 2025SEK 32.7bSEK 28.1bSEK 1.1b14.8x29x1.2x
Thu, 21 Aug 2025SEK 31.9bSEK 28.1bSEK 1.4b15.3x23.5x1.1x
Sat, 19 Jul 2025SEK 33.6bSEK 28.3bSEK 1.4b16.4x24.6x1.2x
Mon, 16 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b16.1x24x1.1x
Wed, 14 May 2025SEK 31.0bSEK 29.3bSEK 1.1b16.6x29.3x1.1x
Fri, 11 Apr 2025SEK 30.3bSEK 30.5bSEK 1.2b13.8x25.4x1x
Sun, 09 Mar 2025SEK 33.7bSEK 30.5bSEK 1.5b14.8x22.9x1.1x
Tue, 04 Feb 2025SEK 35.0bSEK 30.6bSEK 1.5b15.2x23.1x1.1x
Thu, 02 Jan 2025SEK 33.3bSEK 31.1bSEK 1.4b15.5x23.6x1.1x
Sat, 30 Nov 2024SEK 33.1bSEK 30.9bSEK 1.3b15.2x25.1x1.1x
Mon, 28 Oct 2024SEK 34.6bSEK 30.8bSEK 1.4b15.5x25.3x1.1x
Wed, 25 Sep 2024SEK 34.5bSEK 30.0bSEK 1.2b19.5x28.5x1.2x
Fri, 23 Aug 2024SEK 35.2bSEK 29.8bSEK 1.2b20.8x29.4x1.2x
Sun, 21 Jul 2024SEK 36.1bSEK 29.7bSEK 1.2b19.7x29.3x1.2x
Tue, 18 Jun 2024SEK 36.7bSEK 29.1bSEK 525.6m19.1x69.8x1.3x
Thu, 16 May 2024SEK 36.8bSEK 29.5bSEK 839.7m17x43.8x1.2x
Sat, 13 Apr 2024SEK 36.7bSEK 30.1bSEK 920.1m16.7x39.8x1.2x
Mon, 11 Mar 2024SEK 34.7bSEK 30.1bSEK 910.0m16.8x38.1x1.2x
Wed, 07 Feb 2024SEK 34.4bSEK 30.7bSEK 573.6m17.2x60x1.1x
Fri, 05 Jan 2024SEK 31.0bSEK 30.5bSEK 608.7m15.6x51x1x
Sun, 03 Dec 2023SEK 28.6bSEK 30.5bSEK 612.5m15.5x46.7x0.9x
Tue, 31 Oct 2023SEK 26.0bSEK 30.3bSEK 599.4m14.2x43.3x0.9x
Thu, 28 Sep 2023SEK 25.4bSEK 30.1bSEK 677.2m14.4x37.5x0.8x
Sat, 26 Aug 2023SEK 27.5bSEK 29.9bSEK 692.9m15.3x39.6x0.9x
Mon, 24 Jul 2023SEK 28.5bSEK 29.7bSEK 673.2m15.9x42.4x1x
Wed, 21 Jun 2023SEK 36.4bSEK 29.1bSEK 1.5b13.6x24.6x1.3x
Price to Earnings Ratio

24.6x


Total Market Cap: SEK 36.4bTotal Earnings: SEK 1.5bTotal Revenue: SEK 29.1bTotal 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 23.9x 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 0.79x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 15% per year over the last three years,
  • Revenues have also declined 2.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

SE Market0.29%
Tech-3.40%
IT-3.59%
Data Processing Services0%0
Internet Services and Infrastructure-0.24%
IT Consulting-3.73%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 15.9% 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 25% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 9.0% 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
EXS Exsitec HoldingSEK 103.001.0%
+SEK 13.4m		-22.0%PE15.1x
KNOW KnowitSEK 88.800.5%
+SEK 10.9m		-30.9%PS0.4x
SOF B SoftronicSEK 21.850.9%
+SEK 10.5m		-3.7%PE16.4x
WPTG B White Pearl Technology GroupSEK 14.382.3%
+SEK 9.7m		128.3%PE5.8x

Latest News

KNOW
SEK 88.80
Knowit
7D
0.5%
1Y
-30.9%
DEVP B
SEK 10.70
DevPort
7D
1.9%
1Y
-47.3%
ENEA
SEK 81.50
Enea
7D
-3.9%
1Y
25.4%
EXS
SEK 103.00
Exsitec Holding
7D
1.0%
1Y
-22.0%
Narrative Update • Jun 05

EXS: Steady Margins And Model Assumptions Will Support Bullish Outlook

Analysts now hold their fair value estimate for Exsitec Holding steady at SEK 159. Only slight model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions are driving this unchanged price target.
ANOD B
SEK 43.05
Addnode Group
7D
-9.9%
1Y
-58.6%
Narrative Update • Jun 04

ANOD B: Acquisition Pipeline And Controlled Leverage Will Support Future Upside

Analysts have reduced their price target on Addnode Group to SEK100.0 from SEK102.4, citing updated assumptions related to a slightly lower revenue growth outlook, a modestly adjusted discount rate, and a marginally different future P/E and profit margin profile. What's in the News No recent company specific news items for Addnode Group were identified in the provided sources.
WPTG B
SEK 14.38
White Pearl Technology Group
7D
2.3%
1Y
128.3%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
PREV B
SEK 75.20
Prevas
7D
-0.8%
1Y
-16.8%
TRIONA
SEK 30.40
Triona
7D
-5.6%
1Y
-30.6%
INFRA
SEK 17.10
InfraCom Group
7D
0.6%
1Y
-33.2%
NTEK B
SEK 53.90
Novotek
7D
0.7%
1Y
-39.2%
Analysis Article • May 13

Novotek's (STO:NTEK B) Conservative Accounting Might Explain Soft Earnings

The most recent earnings report from Novotek AB ( STO:NTEK B ) was disappointing for shareholders. However, our...
B3
SEK 22.00
B3 Consulting Group
7D
-9.8%
1Y
-63.5%
PACT
SEK 138.20
Proact IT Group
7D
-1.3%
1Y
23.0%
CX
SEK 36.70
CombinedX
7D
-3.4%
1Y
-13.0%
CAG
SEK 99.80
CAG Group
7D
-4.0%
1Y
-8.4%
SOF B
SEK 21.85
Softronic
7D
0.9%
1Y
-3.7%