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Swedish (OMX) IT Industry Analysis

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies22
  • 7D3.6%
  • 3M-20.1%
  • 1Y-20.5%
  • YTD-20.0%

The IT industry is up 3.1% in the last week, with Addnode Group up 5.6%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026SEK 24.4bSEK 27.3bSEK 833.4m17x29.2x0.9x
Mon, 02 Mar 2026SEK 25.7bSEK 27.3bSEK 844.3m17.8x30.4x0.9x
Wed, 28 Jan 2026SEK 29.7bSEK 27.3bSEK 1.4b17.1x21.5x1.1x
Fri, 26 Dec 2025SEK 30.6bSEK 27.3bSEK 1.4b17.1x22.2x1.1x
Sun, 23 Nov 2025SEK 30.2bSEK 27.5bSEK 1.4b16x22.2x1.1x
Tue, 21 Oct 2025SEK 31.6bSEK 28.1bSEK 1.1b15x28.1x1.1x
Thu, 18 Sep 2025SEK 32.5bSEK 28.1bSEK 1.1b15.2x28.8x1.2x
Sat, 16 Aug 2025SEK 32.2bSEK 28.1bSEK 1.4b16x23.6x1.1x
Mon, 14 Jul 2025SEK 34.4bSEK 28.9bSEK 1.4b14.8x24.2x1.2x
Wed, 11 Jun 2025SEK 32.6bSEK 29.3bSEK 1.4b16x24x1.1x
Fri, 09 May 2025SEK 29.5bSEK 29.3bSEK 1.1b16.3x27.4x1x
Sun, 06 Apr 2025SEK 30.8bSEK 30.5bSEK 1.2b14.3x25.8x1x
Tue, 04 Mar 2025SEK 33.9bSEK 30.5bSEK 1.5b15.5x22.7x1.1x
Thu, 30 Jan 2025SEK 32.9bSEK 31.1bSEK 1.4b15.2x23.3x1.1x
Sat, 28 Dec 2024SEK 33.5bSEK 31.2bSEK 1.3b15.3x25.3x1.1x
Mon, 25 Nov 2024SEK 33.0bSEK 30.9bSEK 1.4b15.2x24.1x1.1x
Wed, 23 Oct 2024SEK 34.4bSEK 30.8bSEK 1.3b16.4x26.4x1.1x
Fri, 20 Sep 2024SEK 35.6bSEK 30.0bSEK 1.2b19.6x29.4x1.2x
Sun, 18 Aug 2024SEK 34.9bSEK 29.7bSEK 1.2b19.7x29.5x1.2x
Tue, 16 Jul 2024SEK 36.5bSEK 29.7bSEK 572.5m19.3x63.8x1.2x
Thu, 13 Jun 2024SEK 37.6bSEK 29.1bSEK 525.6m19.6x71.5x1.3x
Sat, 11 May 2024SEK 36.0bSEK 29.5bSEK 839.4m16.4x42.9x1.2x
Mon, 08 Apr 2024SEK 36.5bSEK 30.2bSEK 924.0m17x39.5x1.2x
Wed, 06 Mar 2024SEK 34.8bSEK 30.1bSEK 910.0m17x38.2x1.2x
Fri, 02 Feb 2024SEK 32.1bSEK 30.5bSEK 606.9m15.9x52.9x1.1x
Sun, 31 Dec 2023SEK 31.3bSEK 30.5bSEK 608.7m16.1x51.4x1x
Tue, 28 Nov 2023SEK 28.5bSEK 30.5bSEK 605.7m15x47x0.9x
Thu, 26 Oct 2023SEK 25.7bSEK 30.1bSEK 666.1m14.5x38.6x0.9x
Sat, 23 Sep 2023SEK 25.8bSEK 30.1bSEK 677.2m14.1x38.1x0.9x
Mon, 21 Aug 2023SEK 28.3bSEK 29.7bSEK 674.9m16x41.9x1x
Wed, 19 Jul 2023SEK 29.4bSEK 29.5bSEK 1.5b13.1x20.1x1x
Fri, 16 Jun 2023SEK 37.2bSEK 29.1bSEK 1.5b14.2x25.2x1.3x
Sun, 14 May 2023SEK 38.6bSEK 28.9bSEK 1.5b15.3x26.4x1.3x
Tue, 11 Apr 2023SEK 40.2bSEK 27.5bSEK 1.5b16.8x27.6x1.5x
Price to Earnings Ratio

27.6x


Total Market Cap: SEK 40.2bTotal Earnings: SEK 1.5bTotal Revenue: SEK 27.5bTotal 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 29.2x 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 0.89x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 17% 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 Market3.68%
Tech1.83%
IT3.64%
Internet Services and Infrastructure4.56%
IT Consulting3.60%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 30.7x.
    • Analysts are expecting annual earnings growth of 25.8%, which is higher than its past year's earnings decline of 19.0% 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 26% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 14% 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 65.705.1%
+SEK 433.8m		-30.8%PE23.2x
CX CombinedXSEK 34.9021.6%
+SEK 120.8m		-2.5%PE18x
PACT Proact IT GroupSEK 99.102.5%
+SEK 61.8m		-15.4%PE20.8x
INFRA InfraCom GroupSEK 24.107.1%
+SEK 55.6m		23.6%PE5.2x
PREV B PrevasSEK 85.205.2%
+SEK 54.1m		-9.0%PE15.5x

Latest News

PACT
SEK 99.10
Proact IT Group
7D
2.5%
1Y
-15.4%
ANOD B
SEK 65.70
Addnode Group
7D
5.1%
1Y
-30.8%
EXS
SEK 104.50
Exsitec Holding
7D
-1.9%
1Y
-1.4%
ENEA
SEK 56.40
Enea
7D
2.9%
1Y
-27.3%

ENEA: Government Security Contract And Buybacks Will Support Bullish Outlook

Analysts have kept their SEK fair value estimate for Enea broadly unchanged, with only slight tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This has led to a stable overall price target in SEK terms and indicates that their fundamental view on the stock remains essentially intact.
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%
TALK
SEK 13.70
TalkPool
7D
-1.8%
1Y
91.9%
PRCO B
SEK 19.60
Precio Fishbone
7D
-1.0%
1Y
-10.9%
KNOW
SEK 105.20
Knowit
7D
1.2%
1Y
-26.1%
INFRA
SEK 24.10
InfraCom Group
7D
7.1%
1Y
23.6%
CX
SEK 34.90
CombinedX
7D
21.6%
1Y
-2.5%

There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings

Feb 19
There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
PREV B
SEK 85.20
Prevas
7D
5.2%
1Y
-9.0%

Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00

Feb 13
Prevas (STO:PREV B) Has Announced That Its Dividend Will Be Reduced To SEK4.00
EXALT
SEK 0.36
Exalt
7D
-10.9%
1Y
-16.7%
SBG
SEK 0.55
StoneBeach Group
7D
-17.3%
1Y
114.1%