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Swedish (OMX) IT Industry Analysis

UpdatedAug 30, 2025
DataAggregated Company Financials
Companies24
  • 7D0.5%
  • 3M1.8%
  • 1Y-11.6%
  • YTD-3.6%

The IT is pretty flat in the last 7 days, but Addnode Group has stood out, gaining 4.1%. As for the longer term, the industry has declined 12% in the last 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
Sun, 31 Aug 2025SEK 32.4bSEK 28.1bSEK 1.4b16.4x23.8x1.2x
Tue, 29 Jul 2025SEK 33.1bSEK 28.1bSEK 1.4b15.8x24.2x1.2x
Thu, 26 Jun 2025SEK 32.7bSEK 29.3bSEK 1.4b15.7x24x1.1x
Sat, 24 May 2025SEK 31.1bSEK 29.3bSEK 1.1b16.1x28.8x1.1x
Mon, 21 Apr 2025SEK 31.3bSEK 30.4bSEK 1.2b14.4x26.2x1x
Wed, 19 Mar 2025SEK 34.0bSEK 30.5bSEK 1.2b15x28.3x1.1x
Fri, 14 Feb 2025SEK 35.0bSEK 30.3bSEK 1.4b15.7x24.7x1.2x
Sun, 12 Jan 2025SEK 32.2bSEK 31.1bSEK 1.4b15.4x22.9x1x
Tue, 10 Dec 2024SEK 33.8bSEK 30.8bSEK 1.3b15.3x25.6x1.1x
Thu, 07 Nov 2024SEK 33.3bSEK 30.8bSEK 1.4b15.1x24.4x1.1x
Sat, 05 Oct 2024SEK 34.8bSEK 30.0bSEK 1.2b17x28.8x1.2x
Mon, 02 Sep 2024SEK 35.7bSEK 30.0bSEK 1.2b20.7x29.5x1.2x
Wed, 31 Jul 2024SEK 35.5bSEK 29.7bSEK 1.2b20x30.1x1.2x
Fri, 28 Jun 2024SEK 37.3bSEK 29.2bSEK 524.4m19.1x71.2x1.3x
Sun, 26 May 2024SEK 38.1bSEK 29.5bSEK 818.1m18.1x46.5x1.3x
Tue, 23 Apr 2024SEK 36.2bSEK 30.1bSEK 927.6m16.4x39x1.2x
Thu, 21 Mar 2024SEK 34.9bSEK 30.2bSEK 924.0m16.9x37.8x1.2x
Sat, 17 Feb 2024SEK 35.5bSEK 30.8bSEK 671.5m17.3x52.9x1.2x
Mon, 15 Jan 2024SEK 31.1bSEK 30.5bSEK 606.9m15.8x51.3x1x
Wed, 13 Dec 2023SEK 28.4bSEK 30.5bSEK 609.1m15.7x46.6x0.9x
Fri, 10 Nov 2023SEK 27.8bSEK 30.3bSEK 601.0m14.8x46.3x0.9x
Sun, 08 Oct 2023SEK 25.2bSEK 30.1bSEK 676.9m14.2x37.2x0.8x
Tue, 05 Sep 2023SEK 27.6bSEK 30.1bSEK 672.5m14.9x41x0.9x
Thu, 03 Aug 2023SEK 28.7bSEK 29.7bSEK 673.2m16.1x42.6x1x
Sat, 01 Jul 2023SEK 30.6bSEK 29.1bSEK 1.5b13.2x20.7x1.1x
Mon, 29 May 2023SEK 36.6bSEK 29.1bSEK 1.5b14.8x24.8x1.3x
Wed, 26 Apr 2023SEK 40.7bSEK 27.5bSEK 1.5b16.4x28x1.5x
Fri, 24 Mar 2023SEK 39.2bSEK 26.9bSEK 1.4b15.7x27.6x1.5x
Sun, 19 Feb 2023SEK 40.1bSEK 26.8bSEK 1.3b17.3x30.1x1.5x
Tue, 17 Jan 2023SEK 37.2bSEK 25.2bSEK 1.2b15.4x29.8x1.5x
Thu, 15 Dec 2022SEK 36.0bSEK 25.4bSEK 1.3b15.1x28.4x1.4x
Sat, 12 Nov 2022SEK 36.7bSEK 25.1bSEK 1.3b15.2x29x1.5x
Mon, 10 Oct 2022SEK 31.3bSEK 23.3bSEK 1.3b14.3x24.8x1.3x
Wed, 07 Sep 2022SEK 42.0bSEK 23.3bSEK 1.3b14.5x33.2x1.8x
Price to Earnings Ratio

33.2x


Total Market Cap: SEK 42.0bTotal 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 23.8x 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 2.4% per year over the last three years.
  • Revenues for these companies have grown 6.5% 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 Market-2.45%
Tech-1.75%
IT0.54%
Internet Services and Infrastructure4.13%
IT Consulting0.41%
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 30.0x.
    • Analysts are expecting annual earnings growth of 17.8%, 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
ANOD B Addnode GroupSEK 113.004.1%
+SEK 596.4m		3.6%PE36.4x
INFRA InfraCom GroupSEK 23.905.3%
+SEK 41.7m		n/aPE8.9x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
NODE Nodebis ApplicationsSEK 25.807.5%
+SEK 16.5m		136.7%PE57.1x
WPTG B White Pearl Technology GroupSEK 17.402.4%
+SEK 11.1m		351.9%PE16.4x

Latest News

CYB1
€0.003
Cyber Security 1
7D
-46.4%
1Y
-80.0%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
INFRA
SEK 23.90
InfraCom Group
7D
5.3%
1Y
n/a

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Aug 27
InfraCom Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
EXS
SEK 144.00
Exsitec Holding
7D
-2.0%
1Y
-20.0%
ANOD B
SEK 113.00
Addnode Group
7D
4.1%
1Y
3.6%

Returns At Addnode Group (STO:ANOD B) Are On The Way Up

Aug 26
Returns At Addnode Group (STO:ANOD B) Are On The Way Up
TALK
SEK 14.25
TalkPool
7D
7.1%
1Y
86.5%
NODE
SEK 25.80
Nodebis Applications
7D
7.5%
1Y
136.7%

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

Aug 22
Calculating The Fair Value Of Nodebis Applications AB (publ) (NGM:NODE)
BINERO
SEK 2.82
Binero Group
7D
1.4%
1Y
-9.0%
PREV B
SEK 70.50
Prevas
7D
-2.8%
1Y
-47.9%
WPTG B
SEK 17.40
White Pearl Technology Group
7D
2.4%
1Y
351.9%
TPGR
SEK 4.00
Time People Group
7D
8.1%
1Y
-63.6%

Time People Group AB (publ)'s (NGM:TPGR) 35% Dip In Price Shows Sentiment Is Matching Revenues

Aug 01
Time People Group AB (publ)'s (NGM:TPGR) 35% Dip In Price Shows Sentiment Is Matching Revenues
ENEA
SEK 75.00
Enea
7D
-2.0%
1Y
-16.4%
CX
SEK 35.50
CombinedX
7D
-3.3%
1Y
-9.0%

CombinedX's (STO:CX) Conservative Accounting Might Explain Soft Earnings

Jul 25
CombinedX's (STO:CX) Conservative Accounting Might Explain Soft Earnings
KNOW
SEK 107.60
Knowit
7D
-6.3%
1Y
-34.2%

Knowit's (STO:KNOW) Dividend Will Be SEK1.15

Jul 22
Knowit's (STO:KNOW) Dividend Will Be SEK1.15
PACT
SEK 91.50
Proact IT Group
7D
-4.8%
1Y
-41.3%
PRCO B
SEK 20.80
Precio Fishbone
7D
-8.0%
1Y
-26.2%