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Swedish (OMX) IT Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies22
  • 7D0.02%
  • 3M-18.4%
  • 1Y-26.4%
  • YTD-18.4%

Over the last 7 days, the IT industry has remained flat, although notably InfraCom Group declined by 5.1%. As for the longer term, the industry has declined 26% in the last year. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026SEK 24.9bSEK 27.3bSEK 833.7m16.9x29.8x0.9x
Fri, 13 Feb 2026SEK 26.3bSEK 27.2bSEK 914.9m15.4x28.7x1x
Sun, 11 Jan 2026SEK 31.3bSEK 27.3bSEK 1.4b17.7x22.7x1.1x
Tue, 09 Dec 2025SEK 30.4bSEK 27.3bSEK 1.4b16.5x22.1x1.1x
Thu, 06 Nov 2025SEK 31.9bSEK 27.5bSEK 1.0b16.8x30.5x1.2x
Sat, 04 Oct 2025SEK 30.7bSEK 28.1bSEK 1.1b14.8x27.2x1.1x
Mon, 01 Sep 2025SEK 32.4bSEK 28.1bSEK 1.1b16.4x28.4x1.2x
Wed, 30 Jul 2025SEK 33.1bSEK 28.1bSEK 1.4b15.8x24.2x1.2x
Fri, 27 Jun 2025SEK 32.9bSEK 29.6bSEK 1.4b14.9x23.6x1.1x
Sun, 25 May 2025SEK 31.1bSEK 29.3bSEK 1.1b16.1x28.8x1.1x
Tue, 22 Apr 2025SEK 31.3bSEK 30.4bSEK 1.2b14.4x26.2x1x
Thu, 20 Mar 2025SEK 33.9bSEK 30.5bSEK 1.2b15.3x28.3x1.1x
Sat, 15 Feb 2025SEK 35.0bSEK 30.3bSEK 1.4b15.6x24.6x1.2x
Mon, 13 Jan 2025SEK 32.2bSEK 31.1bSEK 1.4b15.4x22.9x1x
Wed, 11 Dec 2024SEK 33.8bSEK 30.8bSEK 1.3b15.3x25.6x1.1x
Fri, 08 Nov 2024SEK 33.7bSEK 30.8bSEK 1.4b15.1x24.7x1.1x
Sun, 06 Oct 2024SEK 34.8bSEK 30.0bSEK 1.2b17x28.8x1.2x
Tue, 03 Sep 2024SEK 35.5bSEK 30.0bSEK 1.2b20.9x29.3x1.2x
Thu, 01 Aug 2024SEK 35.7bSEK 29.7bSEK 1.2b20x30.3x1.2x
Sat, 29 Jun 2024SEK 37.3bSEK 29.2bSEK 524.4m20x71x1.3x
Mon, 27 May 2024SEK 38.1bSEK 29.5bSEK 818.1m18.1x46.5x1.3x
Wed, 24 Apr 2024SEK 35.2bSEK 30.1bSEK 927.6m16.7x38x1.2x
Fri, 22 Mar 2024SEK 35.8bSEK 30.2bSEK 924.0m16.9x38.7x1.2x
Sun, 18 Feb 2024SEK 35.5bSEK 30.8bSEK 674.0m17.3x52.7x1.2x
Tue, 16 Jan 2024SEK 30.9bSEK 30.5bSEK 606.9m15.8x50.9x1x
Thu, 14 Dec 2023SEK 28.6bSEK 30.5bSEK 609.1m15.4x46.9x0.9x
Sat, 11 Nov 2023SEK 27.7bSEK 30.3bSEK 601.0m14.7x46x0.9x
Mon, 09 Oct 2023SEK 25.2bSEK 30.1bSEK 676.9m14.2x37.2x0.8x
Wed, 06 Sep 2023SEK 27.4bSEK 30.1bSEK 672.5m14.5x40.7x0.9x
Fri, 04 Aug 2023SEK 28.5bSEK 29.7bSEK 673.2m15.7x42.4x1x
Sun, 02 Jul 2023SEK 30.6bSEK 29.1bSEK 1.5b14.9x20.7x1.1x
Tue, 30 May 2023SEK 36.5bSEK 29.1bSEK 1.5b15x24.7x1.3x
Thu, 27 Apr 2023SEK 41.1bSEK 27.5bSEK 1.5b16.5x28.2x1.5x
Sat, 25 Mar 2023SEK 38.8bSEK 26.9bSEK 1.4b15.9x27.3x1.4x
Price to Earnings Ratio

27.3x


Total Market Cap: SEK 38.8bTotal 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 0.91x.
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-1.79%
Tech4.67%
IT0.016%
IT Consulting0.27%
Data Processing Services0%0
Internet Services and Infrastructure-4.77%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.6x.
    • Analysts are expecting annual earnings growth of 26.2%, 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 grow by 15% 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
NTEK B NovotekSEK 67.404.7%
+SEK 31.8m		-12.7%PE18.3x
SBG StoneBeach GroupSEK 0.5635.9%
+SEK 7.6m		56.0%PS3.5x
DIAH Diadrom HoldingSEK 1.549.2%
+SEK 946.6k		-80.7%PS0.2x
GENI Generic SwedenSEK 35.750.1%
+SEK 614.6k		-37.3%PE14.2x

Latest News

KNOW
SEK 109.40
Knowit
7D
-1.4%
1Y
-33.1%
B3
SEK 35.00
B3 Consulting Group
7D
-9.8%
1Y
-43.5%
INFRA
SEK 24.40
InfraCom Group
7D
-5.1%
1Y
19.0%
ANOD B
SEK 66.20
Addnode Group
7D
-1.9%
1Y
-37.6%
GENI
SEK 35.75
Generic Sweden
7D
0.1%
1Y
-37.3%
NTEK B
SEK 67.40
Novotek
7D
4.7%
1Y
-12.7%
PACT
SEK 100.20
Proact IT Group
7D
-0.6%
1Y
-20.0%

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%
PREV B
SEK 82.30
Prevas
7D
-1.6%
1Y
-21.0%

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
EXS
SEK 109.00
Exsitec Holding
7D
-1.8%
1Y
-9.2%

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 14.95
TalkPool
7D
0.3%
1Y
92.7%
BINERO
SEK 2.10
Binero Group
7D
-5.4%
1Y
-9.5%
TPGR
SEK 0.88
Time People Group
7D
4.8%
1Y
-85.4%

Time People Group AB (publ) (NGM:TPGR) Shares Fly 32% But Investors Aren't Buying For Growth

Jan 13
Time People Group AB (publ) (NGM:TPGR) Shares Fly 32% But Investors Aren't Buying For Growth
DIAH
SEK 1.54
Diadrom Holding
7D
9.2%
1Y
-80.7%
SBG
SEK 0.56
StoneBeach Group
7D
35.9%
1Y
56.0%