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Swedish (OMX) IT Industry Analysis

UpdatedApr 20, 2025
DataAggregated Company Financials
Companies29
  • 7D4.0%
  • 3M-1.7%
  • 1Y-10.9%
  • YTD-7.1%

The IT industry is up 4.0% in the last week, with Addnode Group up 7.1%. In contrast, the industry has lost 11% in the last 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025SEK 31.3bSEK 30.4bSEK 1.2b14.4x26.2x1x
Tue, 18 Mar 2025SEK 34.0bSEK 30.5bSEK 1.2b15x28.3x1.1x
Thu, 13 Feb 2025SEK 34.5bSEK 30.4bSEK 1.4b15x24.1x1.1x
Sat, 11 Jan 2025SEK 32.2bSEK 31.1bSEK 1.4b15.4x22.9x1x
Mon, 09 Dec 2024SEK 33.9bSEK 30.8bSEK 1.3b15.4x25.7x1.1x
Wed, 06 Nov 2024SEK 33.3bSEK 30.8bSEK 1.4b15x24.4x1.1x
Fri, 04 Oct 2024SEK 34.3bSEK 30.0bSEK 1.2b16.6x28.3x1.1x
Sun, 01 Sep 2024SEK 35.7bSEK 30.0bSEK 1.2b20.7x29.5x1.2x
Tue, 30 Jul 2024SEK 35.4bSEK 29.7bSEK 1.2b20.4x30x1.2x
Thu, 27 Jun 2024SEK 37.2bSEK 29.2bSEK 524.4m19.3x70.9x1.3x
Sat, 25 May 2024SEK 38.1bSEK 29.5bSEK 818.1m18.1x46.5x1.3x
Mon, 22 Apr 2024SEK 36.2bSEK 30.1bSEK 927.6m16.4x39x1.2x
Wed, 20 Mar 2024SEK 34.9bSEK 30.1bSEK 910.0m17x38.3x1.2x
Fri, 16 Feb 2024SEK 35.0bSEK 30.6bSEK 569.7m17.9x61.4x1.1x
Sun, 14 Jan 2024SEK 31.1bSEK 30.5bSEK 606.9m15.8x51.3x1x
Tue, 12 Dec 2023SEK 28.8bSEK 30.5bSEK 609.1m16.1x47.3x0.9x
Thu, 09 Nov 2023SEK 27.4bSEK 30.3bSEK 601.0m14.5x45.6x0.9x
Sat, 07 Oct 2023SEK 25.2bSEK 30.1bSEK 676.9m14.2x37.3x0.8x
Mon, 04 Sep 2023SEK 28.4bSEK 30.1bSEK 672.5m14.8x42.2x0.9x
Wed, 02 Aug 2023SEK 28.9bSEK 29.7bSEK 673.2m16.1x42.9x1x
Fri, 30 Jun 2023SEK 35.7bSEK 29.1bSEK 1.5b13.2x24.1x1.2x
Sun, 28 May 2023SEK 36.6bSEK 29.1bSEK 1.5b14.8x24.8x1.3x
Tue, 25 Apr 2023SEK 40.7bSEK 27.5bSEK 1.5b16.4x27.9x1.5x
Thu, 23 Mar 2023SEK 38.6bSEK 26.9bSEK 1.4b15.7x27.2x1.4x
Sat, 18 Feb 2023SEK 40.1bSEK 26.6bSEK 1.3b17.9x30.5x1.5x
Mon, 16 Jan 2023SEK 36.7bSEK 25.2bSEK 1.2b15.3x29.5x1.5x
Wed, 14 Dec 2022SEK 35.6bSEK 25.4bSEK 1.3b14.8x28.1x1.4x
Fri, 11 Nov 2022SEK 36.2bSEK 24.7bSEK 1.3b15.4x27.4x1.5x
Sun, 09 Oct 2022SEK 31.3bSEK 23.3bSEK 1.3b14.3x24.8x1.3x
Tue, 06 Sep 2022SEK 41.7bSEK 23.3bSEK 1.3b14.5x32.9x1.8x
Thu, 04 Aug 2022SEK 44.2bSEK 23.1bSEK 1.3b16x34x1.9x
Sat, 02 Jul 2022SEK 41.2bSEK 21.5bSEK 1.1b14.9x35.9x1.9x
Mon, 30 May 2022SEK 40.7bSEK 21.5bSEK 1.1b16.9x35.6x1.9x
Wed, 27 Apr 2022SEK 42.7bSEK 33.2bSEK 1.1b19.9x37.4x1.3x
Price to Earnings Ratio

37.4x


Total Market Cap: SEK 42.7bTotal Earnings: SEK 1.1bTotal Revenue: SEK 33.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 34.5x202320242025
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 26.2x which is lower than its 3-year average PE of 34.5x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the IT industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

SE Market3.39%
Tech6.16%
IT3.96%
IT Consulting4.26%
Data Processing Services0%0
Internet Services and Infrastructure-5.00%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings decline of 12.8% 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 17% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 17% 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
ANOD B Addnode GroupSEK 98.507.1%
+SEK 867.2m		-15.2%PE32.7x
KNOW KnowitSEK 142.004.1%
+SEK 153.2m		-4.2%PE36.6x
ENEA EneaSEK 81.706.1%
+SEK 92.6m		71.8%PE11.3x
PACT Proact IT GroupSEK 114.001.8%
+SEK 53.8m		9.6%PE13.9x
SOF B SoftronicSEK 22.454.7%
+SEK 52.6m		-8.9%PE14.4x
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SEK 98.16

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3.7%

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6.1%

1Y

71.8%

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SEK 102.00

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1Y

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KNOW

SEK 142.00

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1Y

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ANOD B

SEK 98.50

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7D

7.1%

1Y

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Apr 12
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SEK 110.50

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-1.3%

1Y

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SOF B

SEK 22.45

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4.7%

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PACT

SEK 114.00

Proact IT Group

7D

1.8%

1Y

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CX

SEK 36.10

CombinedX

7D

2.3%

1Y

-29.2%

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B3

SEK 55.30

B3 Consulting Group

7D

-2.8%

1Y

-27.3%

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SEK 1.48

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SEK 11.20

Empir Group

7D

8.7%

1Y

6.7%

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SEK 2.18

Binero Group

7D

-11.4%

1Y

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INFRA

SEK 18.50

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7D

-2.4%

1Y

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SEK 4.90

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7D

-8.4%

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HUBSO

SEK 0.062

HUBSO Group

7D

-16.2%

1Y

-42.6%