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Swedish (OMX) IT Industry Analysis

UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies29
  • 7D7.5%
  • 3M4.1%
  • 1Y4.7%
  • YTD4.0%

The IT industry is up 7.5% in the last week, with Addnode Group up 18%. Meanwhile, Enea actually underperformed within the industry, shrinking 6.3% in the last week. In the last 12 months, the industry was up 4.7%. 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
Sat, 01 Feb 2025SEK 35.1bSEK 31.2bSEK 1.5b15.1x23.5x1.1x
Mon, 30 Dec 2024SEK 33.6bSEK 31.2bSEK 1.3b15.3x25.3x1.1x
Wed, 27 Nov 2024SEK 33.2bSEK 30.9bSEK 1.4b15.1x24.2x1.1x
Fri, 25 Oct 2024SEK 35.9bSEK 30.9bSEK 1.4b15.7x25.1x1.2x
Sun, 22 Sep 2024SEK 34.9bSEK 30.0bSEK 1.2b19.6x28.8x1.2x
Tue, 20 Aug 2024SEK 35.2bSEK 29.7bSEK 1.2b19.7x29.9x1.2x
Thu, 18 Jul 2024SEK 36.5bSEK 29.7bSEK 572.2m20.3x63.8x1.2x
Sat, 15 Jun 2024SEK 36.2bSEK 29.1bSEK 525.6m19.2x68.9x1.2x
Mon, 13 May 2024SEK 36.0bSEK 29.5bSEK 839.7m16.4x42.9x1.2x
Wed, 10 Apr 2024SEK 37.0bSEK 30.1bSEK 920.1m16.7x40.2x1.2x
Fri, 08 Mar 2024SEK 34.8bSEK 30.1bSEK 910.0m16.9x38.2x1.2x
Sun, 04 Feb 2024SEK 33.5bSEK 30.7bSEK 583.5m15.8x57.5x1.1x
Tue, 02 Jan 2024SEK 31.2bSEK 30.5bSEK 608.7m16.1x51.2x1x
Thu, 30 Nov 2023SEK 29.0bSEK 30.5bSEK 605.7m15.7x47.8x0.9x
Sat, 28 Oct 2023SEK 26.1bSEK 30.1bSEK 654.9m14.6x39.9x0.9x
Mon, 25 Sep 2023SEK 25.8bSEK 30.1bSEK 677.2m14.1x38.1x0.9x
Wed, 23 Aug 2023SEK 28.1bSEK 29.9bSEK 683.1m15.3x41.2x0.9x
Fri, 21 Jul 2023SEK 28.7bSEK 29.7bSEK 687.3m15.8x41.8x1x
Sun, 18 Jun 2023SEK 37.9bSEK 29.1bSEK 1.5b14.5x25.6x1.3x
Tue, 16 May 2023SEK 38.8bSEK 28.9bSEK 1.5b15.4x26.6x1.3x
Thu, 13 Apr 2023SEK 41.0bSEK 27.5bSEK 1.5b16.9x28.1x1.5x
Sat, 11 Mar 2023SEK 39.6bSEK 26.9bSEK 1.4b16x27.9x1.5x
Mon, 06 Feb 2023SEK 39.1bSEK 25.7bSEK 1.3b16.1x30.7x1.5x
Wed, 04 Jan 2023SEK 35.1bSEK 25.1bSEK 1.3b14.7x27.6x1.4x
Fri, 02 Dec 2022SEK 36.3bSEK 25.3bSEK 1.3b15.3x28.1x1.4x
Sun, 30 Oct 2022SEK 34.3bSEK 24.7bSEK 1.3b14.2x26.4x1.4x
Tue, 27 Sep 2022SEK 31.0bSEK 23.3bSEK 1.3b13.5x24.5x1.3x
Thu, 25 Aug 2022SEK 42.0bSEK 23.2bSEK 1.3b15.4x32.6x1.8x
Sat, 23 Jul 2022SEK 43.0bSEK 23.0bSEK 1.3b15.9x33.3x1.9x
Mon, 20 Jun 2022SEK 36.4bSEK 21.5bSEK 1.1b16.7x31.8x1.7x
Wed, 18 May 2022SEK 39.2bSEK 21.4bSEK 1.2b16.5x34x1.8x
Fri, 15 Apr 2022SEK 42.8bSEK 33.2bSEK 1.1b20.7x37.4x1.3x
Sun, 13 Mar 2022SEK 39.2bSEK 33.2bSEK 1.1b19.4x34.3x1.2x
Tue, 08 Feb 2022SEK 43.7bSEK 32.3bSEK 1.1b23.2x40x1.4x
Price to Earnings Ratio

40x


Total Market Cap: SEK 43.7bTotal Earnings: SEK 1.1bTotal Revenue: SEK 32.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 35.4x202320242025
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 23.5x which is lower than its 3-year average PE of 35.4x.
  • 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 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SE Market1.14%
Tech4.16%
IT7.46%
IT Consulting7.88%
Data Processing Services0%0
Internet Services and Infrastructure-4.90%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.8x.
    • Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings decline of 2.0% 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 17% over the next 5 years.
  • This is better than its past earnings decline of 2.0% per year.
  • In contrast, the IT Consulting 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
ANOD B Addnode GroupSEK 118.1018.3%
+SEK 2.4b		14.4%PE41.8x
KNOW KnowitSEK 138.603.6%
+SEK 131.3m		-2.3%PE24x
AIXIA B Aixia GroupSEK 133.0027.9%
+SEK 45.7m		33.3%PE14.7x
PACT Proact IT GroupSEK 119.600.7%
+SEK 21.1m		28.3%PE13.4x
EXS Exsitec HoldingSEK 131.501.2%
+SEK 20.1m		-22.2%PE23.7x
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Latest News

ANOD B

SEK 118.10

Addnode Group

7D

18.3%

1Y

14.4%

AIXIA B

SEK 133.00

Aixia Group

7D

27.9%

1Y

33.3%

ENEA

SEK 98.00

Enea

7D

-6.3%

1Y

69.3%

EXS

SEK 131.50

Exsitec Holding

7D

1.2%

1Y

-22.2%

BINERO

SEK 2.68

Binero Group

7D

-10.1%

1Y

0.8%

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Jan 30
Investors Appear Satisfied With Binero Group AB (publ)'s (STO:BINERO) Prospects As Shares Rocket 28%

SOLIDX

SEK 2.44

Solidx

7D

-15.9%

1Y

-44.9%

Market Might Still Lack Some Conviction On Solidx AB (publ) (NGM:SOLIDX) Even After 32% Share Price Boost

Jan 24
Market Might Still Lack Some Conviction On Solidx AB (publ) (NGM:SOLIDX) Even After 32% Share Price Boost

INFRA

SEK 19.55

InfraCom Group

7D

-2.7%

1Y

-48.4%

SAFETY B

SEK 8.98

mySafety Group

7D

-2.4%

1Y

-16.9%

Sentiment Still Eluding mySafety Group AB (STO:SAFETY B)

Jan 08
Sentiment Still Eluding mySafety Group AB (STO:SAFETY B)

PACT

SEK 119.60

Proact IT Group

7D

0.7%

1Y

28.3%

KNOW

SEK 138.60

Knowit

7D

3.6%

1Y

-2.3%

DEVP B

SEK 28.30

DevPort

7D

3.7%

1Y

-20.1%

PREV B

SEK 104.20

Prevas

7D

-2.4%

1Y

-13.5%

CX

SEK 34.30

CombinedX

7D

2.1%

1Y

-9.5%

GENI

SEK 56.80

Generic Sweden

7D

1.4%

1Y

-8.4%

PRCO B

SEK 21.80

Precio Fishbone

7D

-2.7%

1Y

-41.4%

NTEK B

SEK 70.00

Novotek

7D

-1.1%

1Y

32.8%

Novotek AB's (STO:NTEK B) Low P/E No Reason For Excitement

Nov 12
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