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Swedish (OMX) IT Industry Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies24
  • 7D-1.1%
  • 3M0.6%
  • 1Y-10.7%
  • YTD-3.8%

Over the last 7 days, the IT industry has dropped 1.1%, driven by Addnode Group declining 1.2%. In contrast, Solidx has gained 58%. However, the industry is down 11% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
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
Price to Earnings Ratio

25x


Total Market Cap: SEK 31.6bTotal Earnings: SEK 1.3bTotal Revenue: SEK 23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.4x202320242025
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 28.7x which is lower than its 3-year average PE of 33.4x.
  • 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 declined 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.5% per year.
  • This means that although more sales are being generated, 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-0.54%
Tech-1.41%
IT-1.11%
Internet Services and Infrastructure7.10%
Data Processing Services0%0
IT Consulting-1.39%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.0x.
    • Analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings decline of 7.0% 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 18% over the next 5 years.
  • This is better than its past earnings decline of 7.0% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings decline by 10% 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
INFRA InfraCom GroupSEK 24.104.3%
+SEK 34.7m		n/aPE9x
PRCO B Precio FishboneSEK 21.6020.0%
+SEK 33.0m		-21.7%PE70.6x
BINERO Binero GroupSEK 2.5811.2%
+SEK 32.4m		-14.0%PS0.7x
NODE Nodebis ApplicationsSEK 26.805.5%
+SEK 12.8m		145.9%PE59.3x

Latest News

KNOW
SEK 106.20
Knowit
7D
-0.9%
1Y
-36.6%
PRCO B
SEK 21.60
Precio Fishbone
7D
20.0%
1Y
-21.7%

Precio Fishbone AB (publ)'s (STO:PRCO B) 25% Share Price Plunge Could Signal Some Risk

Sep 09
Precio Fishbone AB (publ)'s (STO:PRCO B) 25% Share Price Plunge Could Signal Some Risk
BINERO
SEK 2.58
Binero Group
7D
11.2%
1Y
-14.0%
ANOD B
SEK 113.40
Addnode Group
7D
-1.2%
1Y
6.2%

Acquisitions And Cost Savings Will Build A Resilient Future

With both the discount rate and forward P/E ratio showing only negligible changes, analysts left Addnode Group's fair value estimate unchanged at SEK125.00. Valuation Changes Summary of Valuation Changes for Addnode Group The Consensus Analyst Price Target remained effectively unchanged, at SEK125.00.
GENI
SEK 49.55
Generic Sweden
7D
-2.3%
1Y
13.6%
CAG
SEK 118.00
CAG Group
7D
0.9%
1Y
8.3%
WPTG B
SEK 16.85
White Pearl Technology Group
7D
-8.4%
1Y
369.4%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
INFRA
SEK 24.10
InfraCom Group
7D
4.3%
1Y
n/a

InfraCom Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 27
InfraCom Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
EXS
SEK 139.00
Exsitec Holding
7D
-4.8%
1Y
-22.6%
NODE
SEK 26.80
Nodebis Applications
7D
5.5%
1Y
145.9%

Calculating The Fair Value Of Nodebis Applications AB (publ) (NGM:NODE)

Aug 22
Calculating The Fair Value Of Nodebis Applications AB (publ) (NGM:NODE)
DEVP B
SEK 17.00
DevPort
7D
3.7%
1Y
-47.9%
PREV B
SEK 68.30
Prevas
7D
-5.1%
1Y
-50.5%
ENEA
SEK 73.30
Enea
7D
-2.4%
1Y
-12.4%
PACT
SEK 93.00
Proact IT Group
7D
-1.3%
1Y
-39.6%
SBG
SEK 0.62
StoneBeach Group
7D
81.8%
1Y
335.2%