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Swedish (OMX) IT Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies22
  • 7D0.4%
  • 3M-5.6%
  • 1Y-7.4%
  • YTD-8.7%

Last week, the IT industry hasn't moved much but Knowit is up 5.4% in that time. As for the longer term, the industry has declined 6.3% in the last year. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025SEK 30.6bSEK 27.3bSEK 1.4b16.8x22.2x1.1x
Fri, 14 Nov 2025SEK 31.2bSEK 27.5bSEK 1.1b16.5x27.5x1.1x
Sun, 12 Oct 2025SEK 31.2bSEK 28.1bSEK 1.1b15.4x27.7x1.1x
Tue, 09 Sep 2025SEK 33.2bSEK 28.1bSEK 1.2b17.7x28.8x1.2x
Thu, 07 Aug 2025SEK 32.3bSEK 28.1bSEK 1.4b16.1x23.7x1.2x
Sat, 05 Jul 2025SEK 34.2bSEK 29.2bSEK 1.4b15x24.1x1.2x
Mon, 02 Jun 2025SEK 32.2bSEK 29.3bSEK 1.1b15.8x29.9x1.1x
Wed, 30 Apr 2025SEK 29.3bSEK 29.4bSEK 1.1b16.5x26x1x
Fri, 28 Mar 2025SEK 32.7bSEK 30.5bSEK 1.2b14.9x27.4x1.1x
Sun, 23 Feb 2025SEK 34.5bSEK 30.4bSEK 1.5b14.8x23.3x1.1x
Tue, 21 Jan 2025SEK 31.7bSEK 31.1bSEK 1.4b15.3x22.5x1x
Thu, 19 Dec 2024SEK 33.6bSEK 31.2bSEK 1.3b15.4x25.3x1.1x
Sat, 16 Nov 2024SEK 33.7bSEK 30.9bSEK 1.4b15.2x24.5x1.1x
Mon, 14 Oct 2024SEK 34.3bSEK 30.0bSEK 1.2b17.3x28.4x1.1x
Wed, 11 Sep 2024SEK 34.6bSEK 30.0bSEK 1.2b19.9x28.6x1.2x
Fri, 09 Aug 2024SEK 33.9bSEK 29.7bSEK 1.2b19.2x28.7x1.1x
Sun, 07 Jul 2024SEK 38.8bSEK 29.2bSEK 524.4m19.6x73.9x1.3x
Tue, 04 Jun 2024SEK 38.3bSEK 29.5bSEK 802.9m19.2x47.7x1.3x
Thu, 02 May 2024SEK 34.6bSEK 29.7bSEK 851.4m15.6x40.6x1.2x
Sat, 30 Mar 2024SEK 36.7bSEK 30.2bSEK 924.0m17.1x39.7x1.2x
Mon, 26 Feb 2024SEK 35.9bSEK 30.8bSEK 787.7m15.8x45.6x1.2x
Wed, 24 Jan 2024SEK 31.1bSEK 30.5bSEK 606.9m15.4x51.2x1x
Fri, 22 Dec 2023SEK 30.8bSEK 30.5bSEK 608.7m15.6x50.6x1x
Sun, 19 Nov 2023SEK 28.6bSEK 30.4bSEK 583.6m14.9x49x0.9x
Tue, 17 Oct 2023SEK 25.3bSEK 30.1bSEK 676.9m14.1x37.4x0.8x
Thu, 14 Sep 2023SEK 26.1bSEK 30.1bSEK 677.2m14.6x38.6x0.9x
Sat, 12 Aug 2023SEK 28.8bSEK 29.7bSEK 674.9m15x42.7x1x
Mon, 10 Jul 2023SEK 30.2bSEK 29.4bSEK 1.5b14.1x20.3x1x
Wed, 07 Jun 2023SEK 37.4bSEK 29.1bSEK 1.5b14.5x25.4x1.3x
Fri, 05 May 2023SEK 39.5bSEK 28.7bSEK 1.5b15.5x27x1.4x
Sun, 02 Apr 2023SEK 40.4bSEK 26.9bSEK 1.4b16.3x28.5x1.5x
Tue, 28 Feb 2023SEK 39.5bSEK 26.9bSEK 1.4b17.7x27.5x1.5x
Thu, 26 Jan 2023SEK 36.6bSEK 25.2bSEK 1.2b15.5x29.4x1.5x
Sat, 24 Dec 2022SEK 34.8bSEK 25.4bSEK 1.3b14.8x27.5x1.4x
Price to Earnings Ratio

27.5x


Total Market Cap: SEK 34.8bTotal Earnings: SEK 1.3bTotal Revenue: SEK 25.4bTotal 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 22.3x 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 grown 2.8% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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 Market0.061%
Tech-1.32%
IT0.40%
IT Consulting0.53%
Data Processing Services0%0
Internet Services and Infrastructure-2.97%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings decline of 6.3% 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 21% over the next 5 years.
  • This is better than its past earnings decline of 6.3% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings decline by 32% 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
PACT Proact IT GroupSEK 109.002.4%
+SEK 67.9m		-7.0%PE17.9x
PREV B PrevasSEK 92.304.4%
+SEK 50.3m		-18.3%PE16.4x
KNOW KnowitSEK 116.201.6%
+SEK 49.2m		-15.7%PE32.6x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
ENEA EneaSEK 67.002.0%
+SEK 24.9m		-33.8%PE12.6x

Latest News

KNOW
SEK 116.20
Knowit
7D
1.6%
1Y
-15.7%

KNOW: New Public Contracts Will Drive Future Digital Mobility Expansion

Analysts have nudged their price target on Knowit slightly higher to approximately $148.67 per share, reflecting modest improvements in discount rate assumptions, long term revenue growth expectations, and projected profitability and valuation multiples. What's in the News Signed a new three year agreement with Equinor to further develop and operate its Distributed Fiber Optic Sensing platform, expanding the use of DFOS technology across Equinor's energy and infrastructure portfolio (Key Developments).
ANOD B
SEK 97.10
Addnode Group
7D
0.1%
1Y
-6.3%

ANOD B: Ongoing Acquisitions Will Drive Future Upside As Integration Progresses

Analysts have modestly raised their price target on Addnode Group to SEK 132.25, reflecting slightly higher discount rate and valuation assumptions while maintaining broadly unchanged expectations for revenue growth, profit margins, and future earnings multiples. What's in the News Addnode Group continues to actively seek acquisitions, with management confirming that M and A remains a core growth strategy despite recently completing its largest deal to date (Key Developments).
ENEA
SEK 67.00
Enea
7D
2.0%
1Y
-33.8%

ENEA: Recent Telecom Wins Will Drive Upside From Current Levels

Narrative Update on Enea Analysts have modestly raised their price target on Enea to align with updated valuation inputs, citing a slightly higher discount rate and future P/E assumptions, while maintaining their fair value estimate at SEK 80.00 per share. What's in the News Asiacell has deployed Enea's Data Traffic Management solution to improve subscriber quality of experience and optimize rapidly growing video data traffic in its mobile network (Key Developments).
WPTG B
SEK 18.10
White Pearl Technology Group
7D
-6.0%
1Y
211.0%

Here's Why We Think White Pearl Technology Group (STO:WPTG B) Is Well Worth Watching

Dec 09
Here's Why We Think White Pearl Technology Group (STO:WPTG B) Is Well Worth Watching
TPGR
SEK 1.90
Time People Group
7D
-40.6%
1Y
-72.9%

Time People Group AB (publ) (NGM:TPGR) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

Nov 28
Time People Group AB (publ) (NGM:TPGR) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
CYB1
€0.003
Cyber Security 1
7D
-11.8%
1Y
-57.1%

Cyber Security 1 AB (publ)'s (STO:CYB1) Shares Bounce 43% But Its Business Still Trails The Industry

Nov 28
Cyber Security 1 AB (publ)'s (STO:CYB1) Shares Bounce 43% But Its Business Still Trails The Industry
CX
SEK 36.50
CombinedX
7D
2.5%
1Y
12.7%
BINERO
SEK 2.20
Binero Group
7D
-8.3%
1Y
-16.7%
INFRA
SEK 20.70
InfraCom Group
7D
-1.0%
1Y
8.7%

InfraCom Group AB (publ) (NGM:INFRA) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Nov 15
InfraCom Group AB (publ) (NGM:INFRA) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
PREV B
SEK 92.30
Prevas
7D
4.4%
1Y
-18.3%

Market Might Still Lack Some Conviction On Prevas AB (STO:PREV B) Even After 27% Share Price Boost

Nov 14
Market Might Still Lack Some Conviction On Prevas AB (STO:PREV B) Even After 27% Share Price Boost
GENI
SEK 45.00
Generic Sweden
7D
-6.3%
1Y
-11.1%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NTEK B
SEK 81.00
Novotek
7D
1.8%
1Y
11.0%
EXS
SEK 152.50
Exsitec Holding
7D
-1.6%
1Y
8.2%

Earnings Beat: Exsitec Holding AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Oct 28
Earnings Beat: Exsitec Holding AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
PACT
SEK 109.00
Proact IT Group
7D
2.4%
1Y
-7.0%
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%