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Swedish (OMX) IT Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies22
  • 7D0.1%
  • 3M-15.8%
  • 1Y-23.3%
  • YTD-15.6%

The IT industry has stayed flat over the last week. As for the longer term, the industry has declined 23% 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, 01 Mar 2026SEK 25.7bSEK 27.3bSEK 844.3m17.8x30.4x0.9x
Tue, 27 Jan 2026SEK 29.9bSEK 27.3bSEK 1.4b17.4x21.7x1.1x
Thu, 25 Dec 2025SEK 30.6bSEK 27.3bSEK 1.4b17.1x22.2x1.1x
Sat, 22 Nov 2025SEK 30.2bSEK 27.5bSEK 1.4b16x22.3x1.1x
Mon, 20 Oct 2025SEK 31.4bSEK 28.1bSEK 1.1b15.1x27.9x1.1x
Wed, 17 Sep 2025SEK 32.4bSEK 28.1bSEK 1.1b15x28.7x1.1x
Fri, 15 Aug 2025SEK 32.4bSEK 28.1bSEK 1.4b16.7x23.7x1.2x
Sun, 13 Jul 2025SEK 34.4bSEK 28.8bSEK 1.4b14.8x24.2x1.2x
Tue, 10 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b15.9x24x1.1x
Thu, 08 May 2025SEK 29.6bSEK 29.3bSEK 1.1b17x27.6x1x
Sat, 05 Apr 2025SEK 30.8bSEK 30.5bSEK 1.2b14.3x25.8x1x
Mon, 03 Mar 2025SEK 33.8bSEK 30.5bSEK 1.5b15.4x22.7x1.1x
Wed, 29 Jan 2025SEK 32.7bSEK 31.1bSEK 1.4b15.4x23.2x1x
Fri, 27 Dec 2024SEK 33.4bSEK 31.2bSEK 1.3b15.2x25.2x1.1x
Sun, 24 Nov 2024SEK 33.0bSEK 30.9bSEK 1.4b15.2x24.1x1.1x
Tue, 22 Oct 2024SEK 34.9bSEK 30.8bSEK 1.3b16.4x26.8x1.1x
Thu, 19 Sep 2024SEK 34.9bSEK 30.0bSEK 1.2b19.3x28.8x1.2x
Sat, 17 Aug 2024SEK 34.9bSEK 29.7bSEK 1.2b20x29.6x1.2x
Mon, 15 Jul 2024SEK 37.5bSEK 29.7bSEK 572.5m19.4x65.5x1.3x
Wed, 12 Jun 2024SEK 37.6bSEK 29.1bSEK 525.6m19.6x71.5x1.3x
Fri, 10 May 2024SEK 35.8bSEK 29.5bSEK 835.9m15.9x42.9x1.2x
Sun, 07 Apr 2024SEK 36.5bSEK 30.2bSEK 924.0m17x39.5x1.2x
Tue, 05 Mar 2024SEK 35.4bSEK 30.1bSEK 910.7m16x38.9x1.2x
Thu, 01 Feb 2024SEK 32.1bSEK 30.5bSEK 606.9m15.9x52.9x1.1x
Sat, 30 Dec 2023SEK 31.4bSEK 30.5bSEK 608.7m16.1x51.5x1x
Mon, 27 Nov 2023SEK 28.7bSEK 30.4bSEK 601.5m14.4x47.7x0.9x
Wed, 25 Oct 2023SEK 24.8bSEK 30.1bSEK 666.1m13.7x37.2x0.8x
Fri, 22 Sep 2023SEK 25.9bSEK 30.1bSEK 677.2m14.5x38.2x0.9x
Sun, 20 Aug 2023SEK 28.3bSEK 29.7bSEK 674.9m16x41.9x1x
Tue, 18 Jul 2023SEK 29.3bSEK 29.5bSEK 1.5b13.4x20.1x1x
Thu, 15 Jun 2023SEK 37.0bSEK 29.1bSEK 1.5b14.4x25.1x1.3x
Sat, 13 May 2023SEK 38.6bSEK 28.9bSEK 1.5b15.3x26.5x1.3x
Mon, 10 Apr 2023SEK 40.2bSEK 27.5bSEK 1.5b16.8x27.6x1.5x
Wed, 08 Mar 2023SEK 40.9bSEK 26.9bSEK 1.4b16.5x28.4x1.5x
Price to Earnings Ratio

28.4x


Total Market Cap: SEK 40.9bTotal 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 0.94x.
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 Market1.16%
Tech2.77%
IT0.14%
Internet Services and Infrastructure1.14%
IT Consulting0.087%
Data Processing Services0%0
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 26.0%, 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 decline 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
PACT Proact IT GroupSEK 104.603.0%
+SEK 77.3m		-13.0%PE22x
PREV B PrevasSEK 86.903.6%
+SEK 38.7m		-20.6%PE15.8x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
SOF B SoftronicSEK 21.502.9%
+SEK 31.6m		-6.5%PE17x
EXS Exsitec HoldingSEK 120.001.7%
+SEK 26.9m		2.6%PE18.8x

Latest News

PRCO B
SEK 20.80
Precio Fishbone
7D
-3.7%
1Y
-8.8%
KNOW
SEK 112.60
Knowit
7D
-1.7%
1Y
-26.1%
SOF B
SEK 21.50
Softronic
7D
2.9%
1Y
-6.5%
B3
SEK 35.20
B3 Consulting Group
7D
-7.4%
1Y
-47.3%
CAG
SEK 106.50
CAG Group
7D
-0.9%
1Y
-3.2%
INFRA
SEK 25.60
InfraCom Group
7D
1.6%
1Y
16.4%
ANOD B
SEK 69.40
Addnode Group
7D
-0.4%
1Y
-34.3%
CX
SEK 33.10
CombinedX
7D
2.8%
1Y
-8.1%

There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings

Feb 19
There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings
GENI
SEK 37.65
Generic Sweden
7D
-3.2%
1Y
-35.8%
NTEK B
SEK 68.20
Novotek
7D
-3.1%
1Y
-14.5%
PACT
SEK 104.60
Proact IT Group
7D
3.0%
1Y
-13.0%

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%
NODE
SEK 26.20
Nodebis Applications
7D
5.6%
1Y
101.5%

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
PREV B
SEK 86.90
Prevas
7D
3.6%
1Y
-20.6%

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 120.00
Exsitec Holding
7D
1.7%
1Y
2.6%

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
TRIONA
SEK 35.00
Triona
7D
-9.3%
1Y
n/a

Triona AB's (NGM:TRIONA) Share Price Not Quite Adding Up

Jan 08
Triona AB's (NGM:TRIONA) Share Price Not Quite Adding Up