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Swedish (OMX) IT Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.2%
  • 3M-16.7%
  • 1Y-37.5%
  • YTD-32.4%

Over the last 7 days, the IT industry has dropped 1.2%, driven by Proact IT Group declining 4.9%. The industry has fallen 37% in the last year. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026SEK 20.5bSEK 27.3bSEK 902.6m16.2x22.7x0.8x
Sat, 30 May 2026SEK 22.7bSEK 27.3bSEK 899.9m16.7x25.2x0.8x
Mon, 27 Apr 2026SEK 25.9bSEK 27.3bSEK 876.1m17.1x29.6x1x
Wed, 25 Mar 2026SEK 23.4bSEK 27.3bSEK 833.3m16.6x28.1x0.9x
Fri, 20 Feb 2026SEK 25.9bSEK 27.2bSEK 870.7m17.7x29.8x1x
Sun, 18 Jan 2026SEK 30.4bSEK 27.3bSEK 1.4b17.8x22.1x1.1x
Tue, 16 Dec 2025SEK 30.7bSEK 27.3bSEK 1.4b17x22.3x1.1x
Thu, 13 Nov 2025SEK 31.4bSEK 27.5bSEK 1.1b16.6x29x1.1x
Sat, 11 Oct 2025SEK 31.2bSEK 28.1bSEK 1.1b15.4x27.6x1.1x
Mon, 08 Sep 2025SEK 32.8bSEK 28.1bSEK 1.2b15.3x28.4x1.2x
Wed, 06 Aug 2025SEK 32.7bSEK 28.1bSEK 1.4b15.6x24x1.2x
Fri, 04 Jul 2025SEK 34.0bSEK 29.2bSEK 1.4b14.9x24x1.2x
Sun, 01 Jun 2025SEK 32.2bSEK 29.3bSEK 1.1b15.8x29.9x1.1x
Tue, 29 Apr 2025SEK 29.4bSEK 29.4bSEK 1.1b16.5x26.1x1x
Thu, 27 Mar 2025SEK 32.8bSEK 30.5bSEK 1.2b15x27.4x1.1x
Sat, 22 Feb 2025SEK 34.5bSEK 30.4bSEK 1.5b14.8x23.3x1.1x
Mon, 20 Jan 2025SEK 31.8bSEK 31.1bSEK 1.4b15.3x22.6x1x
Wed, 18 Dec 2024SEK 33.5bSEK 31.2bSEK 1.3b15.6x25.2x1.1x
Fri, 15 Nov 2024SEK 33.7bSEK 30.9bSEK 1.4b15.3x24.5x1.1x
Sun, 13 Oct 2024SEK 34.3bSEK 30.0bSEK 1.2b17.3x28.4x1.1x
Tue, 10 Sep 2024SEK 34.3bSEK 30.0bSEK 1.2b20x28.3x1.1x
Thu, 08 Aug 2024SEK 34.3bSEK 29.7bSEK 1.2b19.6x29.1x1.2x
Sat, 06 Jul 2024SEK 38.7bSEK 29.2bSEK 524.4m19.6x73.8x1.3x
Mon, 03 Jun 2024SEK 38.5bSEK 29.5bSEK 802.9m18.8x47.9x1.3x
Wed, 01 May 2024SEK 34.6bSEK 29.7bSEK 851.4m15.6x40.6x1.2x
Fri, 29 Mar 2024SEK 36.7bSEK 30.2bSEK 924.0m17.1x39.7x1.2x
Sun, 25 Feb 2024SEK 35.9bSEK 30.8bSEK 787.7m15.8x45.6x1.2x
Tue, 23 Jan 2024SEK 30.9bSEK 30.5bSEK 606.9m15.4x50.9x1x
Thu, 21 Dec 2023SEK 30.7bSEK 30.5bSEK 608.7m15.7x50.4x1x
Sat, 18 Nov 2023SEK 28.6bSEK 30.3bSEK 582.9m14x49.1x0.9x
Mon, 16 Oct 2023SEK 25.6bSEK 30.1bSEK 676.9m14x37.8x0.9x
Wed, 13 Sep 2023SEK 26.4bSEK 30.1bSEK 677.2m14.5x39x0.9x
Fri, 11 Aug 2023SEK 28.9bSEK 29.7bSEK 673.2m16.1x43x1x
Sun, 09 Jul 2023SEK 30.2bSEK 29.4bSEK 1.5b14.1x20.3x1x
Price to Earnings Ratio

20.3x


Total Market Cap: SEK 30.2bTotal Earnings: SEK 1.5bTotal Revenue: SEK 29.4bTotal 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 22.7x 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 0.75x.
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 2.5% 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 Market1.73%
Tech-1.05%
IT-1.21%
Data Processing Services0%0
Internet Services and Infrastructure-0.63%
IT Consulting-1.24%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 31.0x.
    • Analysts are expecting annual earnings growth of 25.1%, 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 8.7% 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
KNOW KnowitSEK 82.004.7%
+SEK 100.7m		-38.3%PS0.4x
PREV B PrevasSEK 79.406.0%
+SEK 58.0m		-15.9%PE15x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
PACT Proact IT GroupSEK 125.800.8%
+SEK 25.3m		21.9%PE20.8x
SOF B SoftronicSEK 21.801.6%
+SEK 18.4m		-1.6%PE16.3x

Latest News

WPTG B
SEK 13.94
White Pearl Technology Group
7D
-2.4%
1Y
111.2%
ANOD B
SEK 41.60
Addnode Group
7D
0.1%
1Y
-62.8%
New Narrative • Jun 30

Slow AI Adoption And Acquisition Risks Will Challenge PLM Demand Yet Underpin Long-Term Earnings

Catalysts About Addnode Group Addnode Group provides software and digital solutions for design, product lifecycle management and process management, often in regulated and mission critical customer workflows. What are the underlying business or industry changes driving this perspective?
DEVP B
SEK 10.75
DevPort
7D
7.0%
1Y
-46.8%
TPGR
SEK 0.73
Time People Group
7D
-18.9%
1Y
-86.5%
ENEA
SEK 74.00
Enea
7D
-2.0%
1Y
7.1%
Narrative Update • Jun 26

ENEA: Messaging Security Contracts And Buybacks Will Drive Future Upside Potential

Analysts have raised their price target for Enea from SEK 80 to SEK 92.50. They cite updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind the change.
KNOW
SEK 82.00
Knowit
7D
4.7%
1Y
-38.3%
Narrative Update • Jun 24

KNOW: Dividend Stability And Leadership Transition Will Support Future Upside

Analysts have cut their price target on Knowit from SEK 143 to SEK 90, citing a slightly higher discount rate, modestly adjusted long term revenue and profit assumptions, and a lower future P/E multiple in their models. What’s in the News for Knowit At the Annual General Meeting on 29 April 2026, shareholders approved a dividend of SEK 2.50 per share, to be paid in two installments of SEK 1.25 per share each.
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%
PRCO B
SEK 18.90
Precio Fishbone
7D
-2.6%
1Y
-14.1%
PREV B
SEK 79.40
Prevas
7D
6.0%
1Y
-15.9%
EXS
SEK 101.50
Exsitec Holding
7D
-1.5%
1Y
-24.5%
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.
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
INFRA
SEK 16.80
InfraCom Group
7D
-4.3%
1Y
-33.9%
NTEK B
SEK 52.10
Novotek
7D
-1.5%
1Y
-42.7%
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...
PACT
SEK 125.80
Proact IT Group
7D
0.8%
1Y
21.9%
SOF B
SEK 21.80
Softronic
7D
1.6%
1Y
-1.6%
BINERO
SEK 1.76
Binero Group
7D
-5.4%
1Y
-27.3%