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Swedish (OMX) IT Industry Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.3%
  • 3M-20.8%
  • 1Y-27.3%
  • YTD-27.8%

Over the last 7 days, the IT industry has dropped 1.3%, driven by a pullback from Addnode Group of 4.7%. On the other hand Proact IT Group is actually up 7.9%. Overall the industry is down 27% in 12 months. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026SEK 22.0bSEK 27.2bSEK 894.9m16.3x24.6x0.8x
Thu, 09 Apr 2026SEK 24.5bSEK 27.3bSEK 833.3m17.5x29.4x0.9x
Sat, 07 Mar 2026SEK 25.3bSEK 27.3bSEK 834.4m17.1x30.3x0.9x
Mon, 02 Feb 2026SEK 28.9bSEK 27.3bSEK 1.3b17.2x21.8x1.1x
Wed, 31 Dec 2025SEK 30.9bSEK 27.3bSEK 1.4b17.3x22.4x1.1x
Fri, 28 Nov 2025SEK 30.8bSEK 27.5bSEK 1.4b16.6x22.7x1.1x
Sun, 26 Oct 2025SEK 33.4bSEK 28.2bSEK 1.1b16.1x31.1x1.2x
Tue, 23 Sep 2025SEK 32.7bSEK 28.1bSEK 1.1b14.8x29x1.2x
Thu, 21 Aug 2025SEK 31.9bSEK 28.1bSEK 1.4b15.3x23.5x1.1x
Sat, 19 Jul 2025SEK 33.6bSEK 28.3bSEK 1.4b16.4x24.6x1.2x
Mon, 16 Jun 2025SEK 32.5bSEK 29.3bSEK 1.4b16.1x24x1.1x
Wed, 14 May 2025SEK 31.0bSEK 29.3bSEK 1.1b16.6x29.3x1.1x
Fri, 11 Apr 2025SEK 30.3bSEK 30.5bSEK 1.2b13.8x25.4x1x
Sun, 09 Mar 2025SEK 33.7bSEK 30.5bSEK 1.5b14.8x22.9x1.1x
Tue, 04 Feb 2025SEK 35.0bSEK 30.6bSEK 1.5b15.2x23.1x1.1x
Thu, 02 Jan 2025SEK 33.3bSEK 31.1bSEK 1.4b15.5x23.6x1.1x
Sat, 30 Nov 2024SEK 33.1bSEK 30.9bSEK 1.3b15.2x25.1x1.1x
Mon, 28 Oct 2024SEK 34.6bSEK 30.8bSEK 1.4b15.5x25.3x1.1x
Wed, 25 Sep 2024SEK 34.5bSEK 30.0bSEK 1.2b19.5x28.5x1.2x
Fri, 23 Aug 2024SEK 35.2bSEK 29.8bSEK 1.2b20.8x29.4x1.2x
Sun, 21 Jul 2024SEK 36.1bSEK 29.7bSEK 1.2b19.7x29.3x1.2x
Tue, 18 Jun 2024SEK 36.7bSEK 29.1bSEK 525.6m19.1x69.8x1.3x
Thu, 16 May 2024SEK 36.8bSEK 29.5bSEK 839.7m17x43.8x1.2x
Sat, 13 Apr 2024SEK 36.7bSEK 30.1bSEK 920.1m16.7x39.8x1.2x
Mon, 11 Mar 2024SEK 34.7bSEK 30.1bSEK 910.0m16.8x38.1x1.2x
Wed, 07 Feb 2024SEK 34.4bSEK 30.7bSEK 573.6m17.2x60x1.1x
Fri, 05 Jan 2024SEK 31.0bSEK 30.5bSEK 608.7m15.6x51x1x
Sun, 03 Dec 2023SEK 28.6bSEK 30.5bSEK 612.5m15.5x46.7x0.9x
Tue, 31 Oct 2023SEK 26.0bSEK 30.3bSEK 599.4m14.2x43.3x0.9x
Thu, 28 Sep 2023SEK 25.4bSEK 30.1bSEK 677.2m14.4x37.5x0.8x
Sat, 26 Aug 2023SEK 27.5bSEK 29.9bSEK 692.9m15.3x39.6x0.9x
Mon, 24 Jul 2023SEK 28.5bSEK 29.7bSEK 673.2m15.9x42.4x1x
Wed, 21 Jun 2023SEK 36.4bSEK 29.1bSEK 1.5b13.6x24.6x1.3x
Fri, 19 May 2023SEK 38.1bSEK 28.9bSEK 1.5b15.2x26.1x1.3x
Price to Earnings Ratio

26.1x


Total Market Cap: SEK 38.1bTotal Earnings: SEK 1.5bTotal Revenue: SEK 28.9bTotal 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 24.6x 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 0.81x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 15% 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 Market1.70%
Tech2.28%
IT-1.27%
Data Processing Services0%0
IT Consulting-0.90%
Internet Services and Infrastructure-8.64%
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 23.9%, which is higher than its past year's earnings decline of 12.5% 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 24% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 7.8% 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 127.608.7%
+SEK 262.8m		12.5%PE21.5x
WPTG B White Pearl Technology GroupSEK 19.2842.8%
+SEK 175.7m		206.0%PE8.5x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
CX CombinedXSEK 38.304.6%
+SEK 33.1m		-6.6%PE21.2x
NODE Nodebis ApplicationsSEK 26.008.3%
+SEK 18.3m		52.0%PE59x

Latest News

INFRA
SEK 19.65
InfraCom Group
7D
-12.7%
1Y
-11.5%
Analysis Article • May 11

Here's Why We Think InfraCom Group (NGM:INFRA) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
PACT
SEK 127.60
Proact IT Group
7D
8.7%
1Y
12.5%
GENI
SEK 36.90
Generic Sweden
7D
-3.8%
1Y
-40.8%
PRCO B
SEK 19.60
Precio Fishbone
7D
3.7%
1Y
-9.3%
CX
SEK 38.30
CombinedX
7D
4.6%
1Y
-6.6%
PREV B
SEK 79.80
Prevas
7D
-6.6%
1Y
-18.7%
WPTG B
SEK 19.28
White Pearl Technology Group
7D
42.8%
1Y
206.0%
ANOD B
SEK 45.70
Addnode Group
7D
-3.3%
1Y
-51.1%
TALK
SEK 15.00
TalkPool
7D
3.1%
1Y
65.9%
ENEA
SEK 77.40
Enea
7D
-2.6%
1Y
9.5%
Analysis Article • May 02

Some May Be Optimistic About Enea's (STO:ENEA) Earnings

Enea AB (publ)'s ( STO:ENEA ) recent soft profit numbers didn't appear to worry shareholders, as the stock price showed...
EXS
SEK 99.80
Exsitec Holding
7D
-9.7%
1Y
-15.4%
Narrative Update • May 02

EXS: Acquisition Pipeline And Rising Dividend Will Support Bullish Outlook

Analysts have trimmed their price target for Exsitec Holding slightly from SEK161 to SEK159. This reflects updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples.
NTEK B
SEK 59.60
Novotek
7D
-6.3%
1Y
-25.5%
SOF B
SEK 21.70
Softronic
7D
-1.4%
1Y
0.5%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 26.00
Nodebis Applications
7D
8.3%
1Y
52.0%
Analysis Article • Feb 14

Nodebis Applications (NGM:NODE) Has Announced That It Will Be Increasing Its Dividend To SEK1.50

Nodebis Applications AB (publ)'s ( NGM:NODE ) periodic dividend will be increasing on the 27th of May to SEK1.50, with...
TRIONA
SEK 33.00
Triona
7D
0.6%
1Y
-25.0%
Analysis Article • Jan 08

Triona AB's (NGM:TRIONA) Share Price Not Quite Adding Up

With a median price-to-sales (or "P/S") ratio of close to 1x in the IT industry in Sweden, you could be forgiven for...