Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) IT Industry Analysis

UpdatedMay 17, 2026
DataAggregated Company Financials
Companies22
  • 7D1.5%
  • 3M-14.1%
  • 1Y-28.4%
  • YTD-27.2%

In the last week, the IT industry is up 1.5%, with Proact IT Group up 9.6%. In the past year, the industry is down 28%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 May 2026SEK 22.2bSEK 27.2bSEK 896.9m16.5x24.7x0.8x
Tue, 14 Apr 2026SEK 24.5bSEK 27.3bSEK 833.3m17.6x29.4x0.9x
Thu, 12 Mar 2026SEK 25.0bSEK 27.3bSEK 833.6m17x30x0.9x
Sat, 07 Feb 2026SEK 28.1bSEK 27.4bSEK 1.3b16.4x21.1x1x
Mon, 05 Jan 2026SEK 30.5bSEK 27.3bSEK 1.4b17.6x22.1x1.1x
Wed, 03 Dec 2025SEK 30.6bSEK 27.5bSEK 1.4b16.6x22.6x1.1x
Fri, 31 Oct 2025SEK 32.7bSEK 27.5bSEK 1.0b16.8x31.3x1.2x
Sun, 28 Sep 2025SEK 30.7bSEK 28.1bSEK 1.1b14.7x27.3x1.1x
Tue, 26 Aug 2025SEK 32.5bSEK 28.1bSEK 1.4b15.5x23.8x1.2x
Thu, 24 Jul 2025SEK 33.7bSEK 28.1bSEK 1.4b16.1x24.7x1.2x
Sat, 21 Jun 2025SEK 32.2bSEK 29.3bSEK 1.4b16.4x23.7x1.1x
Mon, 19 May 2025SEK 31.2bSEK 29.3bSEK 1.1b16.7x29.5x1.1x
Wed, 16 Apr 2025SEK 31.4bSEK 30.4bSEK 1.2b14.6x26.3x1x
Fri, 14 Mar 2025SEK 33.3bSEK 30.5bSEK 1.5b14.8x22.6x1.1x
Sun, 09 Feb 2025SEK 34.7bSEK 30.4bSEK 1.4b14.7x24.1x1.1x
Tue, 07 Jan 2025SEK 33.2bSEK 31.1bSEK 1.4b15.5x23.6x1.1x
Thu, 05 Dec 2024SEK 34.0bSEK 30.9bSEK 1.3b15.3x25.8x1.1x
Sat, 02 Nov 2024SEK 33.7bSEK 30.8bSEK 1.4b15.2x24.6x1.1x
Mon, 30 Sep 2024SEK 35.5bSEK 30.0bSEK 1.2b17.2x29.4x1.2x
Wed, 28 Aug 2024SEK 35.3bSEK 29.8bSEK 1.2b22.5x29.2x1.2x
Fri, 26 Jul 2024SEK 35.3bSEK 29.7bSEK 1.2b20.4x30x1.2x
Sun, 23 Jun 2024SEK 37.7bSEK 29.2bSEK 524.4m19.3x71.9x1.3x
Tue, 21 May 2024SEK 37.6bSEK 29.5bSEK 820.5m17x45.8x1.3x
Thu, 18 Apr 2024SEK 36.5bSEK 30.1bSEK 927.1m16.7x39.3x1.2x
Sat, 16 Mar 2024SEK 35.0bSEK 30.1bSEK 910.0m16.8x38.5x1.2x
Mon, 12 Feb 2024SEK 34.7bSEK 30.6bSEK 573.8m17.3x60.4x1.1x
Wed, 10 Jan 2024SEK 31.0bSEK 30.5bSEK 606.9m15.7x51.1x1x
Fri, 08 Dec 2023SEK 28.7bSEK 30.5bSEK 612.5m15.6x46.8x0.9x
Sun, 05 Nov 2023SEK 26.6bSEK 30.3bSEK 601.0m14.5x44.2x0.9x
Tue, 03 Oct 2023SEK 25.9bSEK 30.1bSEK 677.2m14.3x38.2x0.9x
Thu, 31 Aug 2023SEK 27.4bSEK 29.9bSEK 666.5m15x41.1x0.9x
Sat, 29 Jul 2023SEK 29.0bSEK 29.7bSEK 673.2m16x43.1x1x
Mon, 26 Jun 2023SEK 35.8bSEK 29.1bSEK 1.5b13.4x24.2x1.2x
Wed, 24 May 2023SEK 37.8bSEK 29.0bSEK 1.5b14.8x25.7x1.3x
Price to Earnings Ratio

25.7x


Total Market Cap: SEK 37.8bTotal Earnings: SEK 1.5bTotal Revenue: SEK 29.0bTotal 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 24.7x 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,
  • Revenues have also declined 2.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

SE Market-1.39%
Tech2.94%
IT1.54%
IT Consulting1.58%
Internet Services and Infrastructure0.68%
Data Processing Services0%0
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 24.5%, 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 25% 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 6.6% 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 127.809.6%
+SEK 288.6m		8.9%PE21.6x
WPTG B White Pearl Technology GroupSEK 20.0021.2%
+SEK 106.4m		217.5%PE8.8x
KNOW KnowitSEK 84.104.6%
+SEK 100.7m		-39.8%PS0.4x
ENEA EneaSEK 82.505.6%
+SEK 82.7m		21.3%PE17.9x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x

Latest News

KNOW
SEK 84.10
Knowit
7D
4.6%
1Y
-39.8%
Narrative Update • May 16

KNOW: Higher Margins And Dividend Will Support Attractive Future Upside Potential

Analysts have revised their price target for Knowit from SEK 121.67 to SEK 116.67, reflecting adjustments to assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Knowit AB (publ) announced that President and CEO Per Wallentin plans to step down after more than 15 years in the role.
WPTG B
SEK 20.00
White Pearl Technology Group
7D
21.2%
1Y
217.5%
PREV B
SEK 80.00
Prevas
7D
-2.0%
1Y
-16.0%
NTEK B
SEK 58.10
Novotek
7D
-3.3%
1Y
-30.3%
Analysis Article • May 13

Novotek's (STO:NTEK B) Conservative Accounting Might Explain Soft Earnings

The most recent earnings report from Novotek AB ( STO:NTEK B ) was disappointing for shareholders. However, our...
B3
SEK 26.10
B3 Consulting Group
7D
-5.1%
1Y
-57.0%
DEVP B
SEK 13.00
DevPort
7D
6.6%
1Y
-40.9%
PACT
SEK 127.80
Proact IT Group
7D
9.6%
1Y
8.9%
GENI
SEK 40.40
Generic Sweden
7D
5.1%
1Y
-30.3%
CX
SEK 39.00
CombinedX
7D
2.9%
1Y
-5.3%
ANOD B
SEK 45.85
Addnode Group
7D
-2.1%
1Y
-51.6%
TALK
SEK 14.00
TalkPool
7D
-10.5%
1Y
40.0%
ENEA
SEK 82.50
Enea
7D
5.6%
1Y
21.3%
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 97.00
Exsitec Holding
7D
-5.4%
1Y
-19.2%
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.
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
NODE
SEK 25.00
Nodebis Applications
7D
-3.8%
1Y
47.1%
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
-5.2%
1Y
-24.0%
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...