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Swedish (OMX) IT Industry Analysis

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies29
  • 7D-1.5%
  • 3M-2.0%
  • 1Y-3.9%
  • YTD-2.0%

Over the last 7 days, the IT industry has dropped 1.5%, driven by Addnode Group declining 3.1%. Meanwhile, Knowit actually outperformed within the industry, gaining 5.4% in the last week. Overall the industry is down 3.9% in 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Mar 2025SEK 33.1bSEK 30.5bSEK 1.5b14.6x22.5x1.1x
Sat, 08 Feb 2025SEK 34.7bSEK 30.4bSEK 1.4b14.7x24.1x1.1x
Mon, 06 Jan 2025SEK 33.2bSEK 31.1bSEK 1.4b15.5x23.6x1.1x
Wed, 04 Dec 2024SEK 33.6bSEK 30.9bSEK 1.3b15.3x25.5x1.1x
Fri, 01 Nov 2024SEK 34.3bSEK 30.8bSEK 1.4b15.3x25.1x1.1x
Sun, 29 Sep 2024SEK 35.5bSEK 30.0bSEK 1.2b17.2x29.4x1.2x
Tue, 27 Aug 2024SEK 35.6bSEK 29.8bSEK 1.2b21.5x29.4x1.2x
Thu, 25 Jul 2024SEK 35.6bSEK 29.7bSEK 1.2b20.7x30.2x1.2x
Sat, 22 Jun 2024SEK 37.7bSEK 29.2bSEK 524.4m19.3x71.9x1.3x
Mon, 20 May 2024SEK 37.1bSEK 29.5bSEK 820.5m16.9x45.2x1.3x
Wed, 17 Apr 2024SEK 36.7bSEK 30.1bSEK 918.6m16.7x39.9x1.2x
Fri, 15 Mar 2024SEK 35.1bSEK 30.1bSEK 910.0m16.8x38.6x1.2x
Sun, 11 Feb 2024SEK 34.7bSEK 30.6bSEK 573.8m17.3x60.4x1.1x
Tue, 09 Jan 2024SEK 31.1bSEK 30.5bSEK 606.9m15.8x51.3x1x
Thu, 07 Dec 2023SEK 28.6bSEK 30.5bSEK 612.5m15.4x46.7x0.9x
Sat, 04 Nov 2023SEK 26.6bSEK 30.3bSEK 601.0m14.5x44.2x0.9x
Mon, 02 Oct 2023SEK 25.9bSEK 30.1bSEK 677.2m14.3x38.2x0.9x
Wed, 30 Aug 2023SEK 27.7bSEK 29.9bSEK 666.5m15.1x41.5x0.9x
Fri, 28 Jul 2023SEK 29.0bSEK 29.7bSEK 673.2m16.2x43.1x1x
Sun, 25 Jun 2023SEK 35.8bSEK 29.1bSEK 1.5b13.4x24.2x1.2x
Tue, 23 May 2023SEK 38.2bSEK 29.0bSEK 1.5b14.7x25.9x1.3x
Thu, 20 Apr 2023SEK 41.7bSEK 27.5bSEK 1.5b16.7x28.6x1.5x
Sat, 18 Mar 2023SEK 39.3bSEK 26.9bSEK 1.4b15.7x27.7x1.5x
Mon, 13 Feb 2023SEK 39.0bSEK 26.6bSEK 1.3b15.8x29.7x1.5x
Wed, 11 Jan 2023SEK 35.3bSEK 25.1bSEK 1.2b14.9x28.3x1.4x
Fri, 09 Dec 2022SEK 35.3bSEK 25.4bSEK 1.3b15.2x27.9x1.4x
Sun, 06 Nov 2022SEK 34.6bSEK 24.7bSEK 1.3b14.9x26.6x1.4x
Tue, 04 Oct 2022SEK 31.0bSEK 23.3bSEK 1.3b13.9x24.5x1.3x
Thu, 01 Sep 2022SEK 42.3bSEK 23.3bSEK 1.3b15.1x33.2x1.8x
Sat, 30 Jul 2022SEK 44.7bSEK 23.1bSEK 1.3b15.4x34.4x1.9x
Mon, 27 Jun 2022SEK 40.8bSEK 21.5bSEK 1.1b16.1x35.7x1.9x
Wed, 25 May 2022SEK 39.1bSEK 21.5bSEK 1.2b16.7x33.8x1.8x
Fri, 22 Apr 2022SEK 44.0bSEK 33.2bSEK 1.1b20.9x38.4x1.3x
Sun, 20 Mar 2022SEK 41.5bSEK 33.2bSEK 1.1b19.8x36.2x1.3x
Price to Earnings Ratio

36.2x


Total Market Cap: SEK 41.5bTotal Earnings: SEK 1.1bTotal Revenue: SEK 33.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 34.9x202320242025
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 22.5x which is lower than its 3-year average PE of 34.9x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 8.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.8% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

SE Market-3.02%
Tech-5.73%
IT-1.48%
Data Processing Services0%0
IT Consulting-1.42%
Internet Services and Infrastructure-3.39%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 15.2%, which is higher than its past year's earnings decline of 16.8% 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 15% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 15% 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 162.605.4%
+SEK 229.7m		-2.0%PE41.9x
B3 B3 Consulting GroupSEK 65.006.0%
+SEK 33.7m		-29.3%PE7.1x
PRCO B Precio FishboneSEK 22.407.7%
+SEK 14.7m		-40.4%PE25.9x
CX CombinedXSEK 37.801.3%
+SEK 9.1m		-19.2%PE13.7x
SOLIDX SolidxSEK 2.558.1%
+SEK 6.8m		-29.9%PS0.6x
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SEK 21.00

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CAG

SEK 109.50

CAG Group

7D

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SEK 22.40

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SEK 65.00

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