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Swedish (OMX) IT Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies22
  • 7D-16.5%
  • 3M-24.0%
  • 1Y-24.9%
  • YTD-27.6%

Over the last 7 days, the IT industry has dropped 16%, driven by a pullback from Addnode Group of 35%. On the other hand Enea is actually up 21%. Overall the industry is down 25% in 12 months. 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
Thu, 30 Apr 2026SEK 22.0bSEK 27.4bSEK 899.2m16.7x24.5x0.8x
Sat, 28 Mar 2026SEK 23.5bSEK 27.3bSEK 833.3m16.6x28.2x0.9x
Mon, 23 Feb 2026SEK 25.7bSEK 27.2bSEK 885.8m17.5x29x0.9x
Wed, 21 Jan 2026SEK 29.6bSEK 27.3bSEK 1.4b17.2x21.5x1.1x
Fri, 19 Dec 2025SEK 30.6bSEK 27.3bSEK 1.4b16.9x22.2x1.1x
Sun, 16 Nov 2025SEK 30.9bSEK 27.5bSEK 1.1b16.4x27.3x1.1x
Tue, 14 Oct 2025SEK 31.6bSEK 28.1bSEK 1.1b15.1x28x1.1x
Thu, 11 Sep 2025SEK 32.5bSEK 28.1bSEK 1.2b15.3x28.2x1.2x
Sat, 09 Aug 2025SEK 32.6bSEK 28.1bSEK 1.4b15.7x23.9x1.2x
Mon, 07 Jul 2025SEK 34.2bSEK 29.2bSEK 1.4b15x24.1x1.2x
Wed, 04 Jun 2025SEK 32.0bSEK 29.3bSEK 1.3b16.2x23.7x1.1x
Fri, 02 May 2025SEK 29.6bSEK 29.2bSEK 1.1b16.3x26.9x1x
Sun, 30 Mar 2025SEK 32.5bSEK 30.5bSEK 1.2b14.9x27.2x1.1x
Tue, 25 Feb 2025SEK 34.3bSEK 30.4bSEK 1.5b15.3x23.1x1.1x
Thu, 23 Jan 2025SEK 32.0bSEK 31.1bSEK 1.4b15.5x22.7x1x
Sat, 21 Dec 2024SEK 33.4bSEK 31.2bSEK 1.3b15.4x25.1x1.1x
Mon, 18 Nov 2024SEK 33.2bSEK 30.9bSEK 1.4b15.2x24.1x1.1x
Wed, 16 Oct 2024SEK 35.0bSEK 30.8bSEK 1.3b16.9x26.8x1.1x
Fri, 13 Sep 2024SEK 35.1bSEK 30.0bSEK 1.2b19.7x28.9x1.2x
Sun, 11 Aug 2024SEK 34.2bSEK 29.7bSEK 1.2b19.7x29x1.2x
Tue, 09 Jul 2024SEK 39.3bSEK 29.2bSEK 524.4m19.9x74.9x1.3x
Thu, 06 Jun 2024SEK 37.1bSEK 29.1bSEK 782.6m19x47.4x1.3x
Sat, 04 May 2024SEK 35.1bSEK 29.5bSEK 812.6m15.8x43.2x1.2x
Mon, 01 Apr 2024SEK 36.7bSEK 30.2bSEK 924.0m17.1x39.7x1.2x
Wed, 28 Feb 2024SEK 35.5bSEK 30.1bSEK 915.3m15.9x38.8x1.2x
Fri, 26 Jan 2024SEK 31.7bSEK 30.5bSEK 606.9m15.6x52.2x1x
Sun, 24 Dec 2023SEK 30.9bSEK 30.5bSEK 608.7m15.8x50.8x1x
Tue, 21 Nov 2023SEK 29.0bSEK 30.4bSEK 583.6m14.8x49.7x1x
Thu, 19 Oct 2023SEK 25.4bSEK 30.1bSEK 681.0m14.1x37.2x0.8x
Sat, 16 Sep 2023SEK 26.4bSEK 30.1bSEK 677.2m14.4x39x0.9x
Mon, 14 Aug 2023SEK 28.8bSEK 29.7bSEK 674.9m15x42.7x1x
Wed, 12 Jul 2023SEK 29.5bSEK 29.4bSEK 1.5b14.1x19.8x1x
Fri, 09 Jun 2023SEK 36.6bSEK 29.1bSEK 1.5b14.2x24.8x1.3x
Sun, 07 May 2023SEK 39.8bSEK 28.9bSEK 1.5b15.3x27.3x1.4x
Price to Earnings Ratio

27.3x


Total Market Cap: SEK 39.8bTotal 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 24.5x 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 0.81x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 15% 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-3.69%
Tech-1.10%
IT-16.50%
Data Processing Services0%0
Internet Services and Infrastructure-0.70%
IT Consulting-17.17%
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 24.6%, 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 25% 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 8.4% 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
ENEA EneaSEK 77.1021.2%
+SEK 254.1m		15.8%PE16.7x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
NODE Nodebis ApplicationsSEK 26.4014.8%
+SEK 31.1m		65.0%PE59.9x
CX CombinedXSEK 35.002.9%
+SEK 19.5m		-3.8%PE18.1x
GENI Generic SwedenSEK 37.454.0%
+SEK 17.8m		-35.4%PE14.8x

Latest News

WPTG B
SEK 12.52
White Pearl Technology Group
7D
-12.7%
1Y
92.6%
PRCO B
SEK 19.60
Precio Fishbone
7D
5.4%
1Y
-12.5%
PACT
SEK 113.00
Proact IT Group
7D
-5.5%
1Y
-2.8%
NTEK B
SEK 65.00
Novotek
7D
-1.2%
1Y
-16.7%
B3
SEK 28.20
B3 Consulting Group
7D
-16.6%
1Y
-53.1%
ANOD B
SEK 48.55
Addnode Group
7D
-35.4%
1Y
-41.9%

AI And Workflow Software Partnerships Will Drive Stronger Long Term Earnings Power

Catalysts About Addnode Group Addnode Group provides software and digital solutions for engineering, design, asset management and public sector workflows, often in regulated and mission critical settings. What are the underlying business or industry changes driving this perspective?
PREV B
SEK 83.30
Prevas
7D
-4.8%
1Y
-14.9%

There May Be Some Bright Spots In Prevas' (STO:PREV B) Earnings

Apr 27
There May Be Some Bright Spots In Prevas' (STO:PREV B) Earnings
ENEA
SEK 77.10
Enea
7D
21.2%
1Y
15.8%

ENEA: Messaging Security Wins And Buybacks Will Support Balanced Outlook

Analysts have kept their SEK fair value estimate for Enea unchanged, making only modest adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions that guide the updated price target discussion. What's in the News Liberty Costa Rica reports that deploying Enea’s Adaptive Messaging Firewall reduced SMS spam by 99% within three weeks, blocking over 30,000 new scam domains and aiming to improve subscriber safety and regulatory alignment (Client announcement).
KNOW
SEK 77.50
Knowit
7D
-25.9%
1Y
-46.5%
GENI
SEK 37.45
Generic Sweden
7D
4.0%
1Y
-35.4%
SOF B
SEK 22.90
Softronic
7D
1.1%
1Y
7.5%
TALK
SEK 14.85
TalkPool
7D
2.8%
1Y
88.5%
CX
SEK 35.00
CombinedX
7D
2.9%
1Y
-3.8%

One Analyst Just Shaved Their CombinedX AB (publ) (STO:CX) Forecasts Dramatically

Apr 07
One Analyst Just Shaved Their CombinedX AB (publ) (STO:CX) Forecasts Dramatically
INFRA
SEK 21.80
InfraCom Group
7D
-0.9%
1Y
3.8%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 26.40
Nodebis Applications
7D
14.8%
1Y
65.0%

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

Feb 14
Nodebis Applications (NGM:NODE) Has Announced That It Will Be Increasing Its Dividend To SEK1.50