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Swedish (OMX) IT Industry Analysis

UpdatedJul 13, 2025
DataAggregated Company Financials
Companies25
  • 7D0.9%
  • 3M11.8%
  • 1Y-11.0%
  • YTD2.2%

Last week, the IT industry hasn't moved much but Addnode Group is up 3.3% in that time. Unfortunately though, the industry is down 11% over the past 12 months. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 03 Feb 2023SEK 39.2bSEK 25.1bSEK 1.3b15.9x30.6x1.6x
Sun, 01 Jan 2023SEK 34.6bSEK 25.1bSEK 1.3b14.9x27.2x1.4x
Tue, 29 Nov 2022SEK 35.7bSEK 25.3bSEK 1.3b15.1x27.7x1.4x
Thu, 27 Oct 2022SEK 32.6bSEK 23.9bSEK 1.2b14.7x26.7x1.4x
Sat, 24 Sep 2022SEK 31.6bSEK 23.3bSEK 1.3b13.8x25x1.4x
Mon, 22 Aug 2022SEK 43.5bSEK 23.2bSEK 1.3b15.7x33.8x1.9x
Wed, 20 Jul 2022SEK 41.3bSEK 23.0bSEK 1.3b15.5x32.3x1.8x
Price to Earnings Ratio

32.3x


Total Market Cap: SEK 41.3bTotal Earnings: SEK 1.3bTotal Revenue: SEK 23.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.9x202320242025
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 24.2x which is lower than its 3-year average PE of 33.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 3.6% per year over the last three years.
  • Revenues for these companies have grown 7.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market0.95%
Tech-0.75%
IT0.88%
IT Consulting0.96%
Data Processing Services0%0
Internet Services and Infrastructure-1.15%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 2.2% 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 16% over the next 5 years.
  • This is better than its past earnings decline of 2.2% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 16% 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 119.803.3%
+SEK 749.8m		4.1%PE43.6x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
CX CombinedXSEK 44.804.4%
+SEK 36.7m		-8.6%PE17.1x
NTEK B NovotekSEK 94.602.8%
+SEK 27.6m		43.3%PE13.3x
CAG CAG GroupSEK 112.001.8%
+SEK 14.3m		3.2%PE17x

Latest News

EXS
SEK 136.50
Exsitec Holding
7D
0.4%
1Y
-27.0%
KNOW
SEK 130.20
Knowit
7D
-1.7%
1Y
-27.1%

Knowit (STO:KNOW) Has Announced A Dividend Of SEK1.15

Jul 07
Knowit (STO:KNOW) Has Announced A Dividend Of SEK1.15
PREV B
SEK 93.20
Prevas
7D
-1.9%
1Y
-35.9%
ANOD B
SEK 119.80
Addnode Group
7D
3.3%
1Y
4.1%
CYB1
€0.0042
Cyber Security 1
7D
5.0%
1Y
-73.8%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%

Investors Still Aren't Entirely Convinced By Solidx AB (publ)'s (NGM:SOLIDX) Revenues Despite 54% Price Jump

Jun 29
Investors Still Aren't Entirely Convinced By Solidx AB (publ)'s (NGM:SOLIDX) Revenues Despite 54% Price Jump
B3
SEK 60.10
B3 Consulting Group
7D
-6.5%
1Y
-29.5%

There Is A Reason B3 Consulting Group AB (publ)'s (STO:B3) Price Is Undemanding

Jun 17
There Is A Reason B3 Consulting Group AB (publ)'s (STO:B3) Price Is Undemanding
PACT
SEK 103.40
Proact IT Group
7D
-2.3%
1Y
-35.9%
CX
SEK 44.80
CombinedX
7D
4.4%
1Y
-8.6%
CAG
SEK 112.00
CAG Group
7D
1.8%
1Y
3.2%
TRIONA
SEK 43.60
Triona
7D
-4.8%
1Y
-9.5%

Triona AB's (NGM:TRIONA) Subdued P/S Might Signal An Opportunity

May 15
Triona AB's (NGM:TRIONA) Subdued P/S Might Signal An Opportunity
PRCO B
SEK 23.00
Precio Fishbone
7D
0.9%
1Y
-20.7%
NTEK B
SEK 94.60
Novotek
7D
2.8%
1Y
43.3%
SOF B
SEK 22.40
Softronic
7D
-0.9%
1Y
-2.4%

Softronic (STO:SOF B) Is Posting Promising Earnings But The Good News Doesn’t Stop There

May 05
Softronic (STO:SOF B) Is Posting Promising Earnings But The Good News Doesn’t Stop There
ENEA
SEK 69.10
Enea
7D
-3.4%
1Y
-17.4%

Earnings Miss: Enea AB (publ) Missed EPS And Analysts Are Revising Their Forecasts

Apr 27
Earnings Miss: Enea AB (publ) Missed EPS And Analysts Are Revising Their Forecasts
TPGR
SEK 4.00
Time People Group
7D
-25.9%
1Y
-57.9%

Time People Group AB (publ) (NGM:TPGR) Might Not Be As Mispriced As It Looks After Plunging 28%

Apr 23
Time People Group AB (publ) (NGM:TPGR) Might Not Be As Mispriced As It Looks After Plunging 28%