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Swedish (OMX) IT Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.5%
  • 3M-22.7%
  • 1Y-27.3%
  • YTD-22.4%

Over the last 7 days, the IT industry has dropped 4.0%, driven by Addnode Group declining 4.2%. On the other hand Solidx is actually up 58%. Overall the industry is down 27% in 12 months. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026SEK 23.6bSEK 27.3bSEK 833.3m16.8x28.3x0.9x
Sun, 22 Feb 2026SEK 25.7bSEK 27.2bSEK 885.8m17.5x29x0.9x
Tue, 20 Jan 2026SEK 29.6bSEK 27.3bSEK 1.4b17.4x21.5x1.1x
Thu, 18 Dec 2025SEK 30.5bSEK 27.3bSEK 1.4b16.9x22.1x1.1x
Sat, 15 Nov 2025SEK 30.9bSEK 27.5bSEK 1.1b16.4x27.3x1.1x
Mon, 13 Oct 2025SEK 31.2bSEK 28.1bSEK 1.1b15.4x27.7x1.1x
Wed, 10 Sep 2025SEK 32.7bSEK 28.1bSEK 1.2b15x28.4x1.2x
Fri, 08 Aug 2025SEK 32.8bSEK 28.1bSEK 1.4b16.1x24x1.2x
Sun, 06 Jul 2025SEK 34.2bSEK 29.2bSEK 1.4b15x24.1x1.2x
Tue, 03 Jun 2025SEK 31.9bSEK 29.3bSEK 1.1b16.2x29.7x1.1x
Thu, 01 May 2025SEK 29.6bSEK 29.2bSEK 1.1b16.3x26.8x1x
Sat, 29 Mar 2025SEK 32.5bSEK 30.5bSEK 1.2b14.9x27.2x1.1x
Mon, 24 Feb 2025SEK 34.5bSEK 30.4bSEK 1.5b14.8x23.4x1.1x
Wed, 22 Jan 2025SEK 32.0bSEK 31.1bSEK 1.4b15.3x22.7x1x
Fri, 20 Dec 2024SEK 33.0bSEK 31.2bSEK 1.3b15.4x24.9x1.1x
Sun, 17 Nov 2024SEK 33.2bSEK 30.9bSEK 1.4b15.2x24.1x1.1x
Tue, 15 Oct 2024SEK 34.3bSEK 30.0bSEK 1.2b17.3x28.4x1.1x
Thu, 12 Sep 2024SEK 34.6bSEK 30.0bSEK 1.2b19.8x28.6x1.2x
Sat, 10 Aug 2024SEK 34.2bSEK 29.7bSEK 1.2b19.7x29x1.2x
Mon, 08 Jul 2024SEK 38.8bSEK 29.2bSEK 524.4m19.6x73.9x1.3x
Wed, 05 Jun 2024SEK 36.4bSEK 29.1bSEK 782.6m18.3x46.5x1.2x
Fri, 03 May 2024SEK 34.5bSEK 29.7bSEK 851.4m15.5x40.5x1.2x
Sun, 31 Mar 2024SEK 36.7bSEK 30.2bSEK 924.0m17.1x39.7x1.2x
Tue, 27 Feb 2024SEK 35.7bSEK 30.2bSEK 821.7m16x43.4x1.2x
Thu, 25 Jan 2024SEK 31.5bSEK 30.5bSEK 606.9m15.6x51.8x1x
Sat, 23 Dec 2023SEK 30.9bSEK 30.5bSEK 608.7m15.8x50.8x1x
Mon, 20 Nov 2023SEK 28.6bSEK 30.4bSEK 583.6m14.9x49x0.9x
Wed, 18 Oct 2023SEK 25.3bSEK 30.1bSEK 676.9m14.1x37.4x0.8x
Fri, 15 Sep 2023SEK 26.4bSEK 30.1bSEK 677.2m14.4x39x0.9x
Sun, 13 Aug 2023SEK 28.8bSEK 29.7bSEK 674.9m15x42.7x1x
Tue, 11 Jul 2023SEK 29.8bSEK 29.4bSEK 1.5b13.9x20x1x
Thu, 08 Jun 2023SEK 36.7bSEK 29.1bSEK 1.5b14.5x24.9x1.3x
Sat, 06 May 2023SEK 39.8bSEK 28.9bSEK 1.5b15.3x27.3x1.4x
Mon, 03 Apr 2023SEK 40.4bSEK 26.9bSEK 1.4b16.3x28.5x1.5x
Price to Earnings Ratio

28.5x


Total Market Cap: SEK 40.4bTotal 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 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 28.4x 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 0.87x.
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 Market-0.37%
Tech-0.38%
IT-2.49%
Data Processing Services0%0
IT Consulting-2.43%
Internet Services and Infrastructure-3.73%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.6x.
    • Analysts are expecting annual earnings growth of 26.2%, 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 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
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
SOF B SoftronicSEK 21.101.7%
+SEK 18.4m		-7.3%PE16.6x
CAG CAG GroupSEK 106.501.4%
+SEK 10.8m		-4.1%PE16x
PREV B PrevasSEK 81.201.0%
+SEK 10.3m		-19.1%PE14.8x
NODE Nodebis ApplicationsSEK 25.802.4%
+SEK 5.5m		70.9%PE58.6x

Latest News

EXS
SEK 108.00
Exsitec Holding
7D
-3.1%
1Y
-3.1%
ENEA
SEK 56.30
Enea
7D
-1.9%
1Y
-33.0%

ENEA: Government Security Contract And Buybacks Will Support Bullish Outlook

Analysts have kept their SEK fair value estimate for Enea broadly unchanged, with only slight tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This has led to a stable overall price target in SEK terms and indicates that their fundamental view on the stock remains essentially intact.
WPTG B
SEK 14.70
White Pearl Technology Group
7D
-7.0%
1Y
96.5%
PRCO B
SEK 19.60
Precio Fishbone
7D
1.0%
1Y
-10.1%
KNOW
SEK 105.60
Knowit
7D
-1.3%
1Y
-34.6%
SOF B
SEK 21.10
Softronic
7D
1.7%
1Y
-7.3%
CAG
SEK 106.50
CAG Group
7D
1.4%
1Y
-4.1%
INFRA
SEK 22.90
InfraCom Group
7D
-4.6%
1Y
11.2%
ANOD B
SEK 62.20
Addnode Group
7D
-4.2%
1Y
-37.5%
GENI
SEK 35.10
Generic Sweden
7D
0.6%
1Y
-40.3%
NTEK B
SEK 64.00
Novotek
7D
-2.7%
1Y
-19.4%
PACT
SEK 96.70
Proact IT Group
7D
-2.4%
1Y
-20.6%

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 25.80
Nodebis Applications
7D
2.4%
1Y
70.9%

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 81.20
Prevas
7D
1.0%
1Y
-19.1%

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
SBG
SEK 0.62
StoneBeach Group
7D
10.7%
1Y
83.4%