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

Swedish (OMX) IT Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies22
  • 7D-0.07%
  • 3M-5.1%
  • 1Y-7.7%
  • YTD-7.9%

Last week, the IT industry hasn't moved much but Knowit is up 3.2% in that time. As for the longer term, the industry has declined 7.7% in the last year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025SEK 30.9bSEK 27.3bSEK 1.4b17x22.4x1.1x
Tue, 11 Nov 2025SEK 31.0bSEK 27.5bSEK 1.1b16.5x28.7x1.1x
Thu, 09 Oct 2025SEK 31.6bSEK 28.1bSEK 1.1b15.2x28x1.1x
Sat, 06 Sep 2025SEK 32.8bSEK 28.1bSEK 1.2b15.3x28.4x1.2x
Mon, 04 Aug 2025SEK 32.2bSEK 28.1bSEK 1.4b15.3x23.6x1.1x
Wed, 02 Jul 2025SEK 33.1bSEK 29.2bSEK 1.4b15x23.4x1.1x
Fri, 30 May 2025SEK 32.1bSEK 29.3bSEK 1.1b16x29.9x1.1x
Sun, 27 Apr 2025SEK 30.0bSEK 29.4bSEK 1.1b16.4x26.6x1x
Tue, 25 Mar 2025SEK 33.5bSEK 30.5bSEK 1.2b15.5x28.1x1.1x
Thu, 20 Feb 2025SEK 34.9bSEK 30.4bSEK 1.4b15.8x24.2x1.2x
Sat, 18 Jan 2025SEK 31.8bSEK 31.1bSEK 1.4b15.3x22.6x1x
Mon, 16 Dec 2024SEK 33.9bSEK 31.2bSEK 1.3b15.5x25.5x1.1x
Wed, 13 Nov 2024SEK 33.8bSEK 30.9bSEK 1.4b15.2x24.6x1.1x
Fri, 11 Oct 2024SEK 34.1bSEK 30.0bSEK 1.2b17.1x28.2x1.1x
Sun, 08 Sep 2024SEK 34.0bSEK 30.0bSEK 1.2b20x28.1x1.1x
Tue, 06 Aug 2024SEK 33.7bSEK 29.7bSEK 1.2b19.4x28.6x1.1x
Thu, 04 Jul 2024SEK 38.4bSEK 29.2bSEK 524.4m19.7x73.3x1.3x
Sat, 01 Jun 2024SEK 38.4bSEK 29.5bSEK 802.9m18.8x47.8x1.3x
Mon, 29 Apr 2024SEK 36.0bSEK 30.5bSEK 916.1m16.3x39.3x1.2x
Wed, 27 Mar 2024SEK 36.3bSEK 30.2bSEK 924.0m16.9x39.3x1.2x
Fri, 23 Feb 2024SEK 36.0bSEK 30.6bSEK 673.1m17.7x53.5x1.2x
Sun, 21 Jan 2024SEK 30.2bSEK 30.5bSEK 606.9m15.5x49.8x1x
Tue, 19 Dec 2023SEK 30.3bSEK 30.5bSEK 608.7m16.1x49.8x1x
Thu, 16 Nov 2023SEK 28.5bSEK 30.3bSEK 581.2m14.9x49.1x0.9x
Sat, 14 Oct 2023SEK 25.6bSEK 30.1bSEK 676.9m14x37.8x0.9x
Mon, 11 Sep 2023SEK 26.7bSEK 30.1bSEK 678.0m14.5x39.4x0.9x
Wed, 09 Aug 2023SEK 28.6bSEK 29.7bSEK 673.2m15.9x42.4x1x
Fri, 07 Jul 2023SEK 29.8bSEK 29.4bSEK 1.5b14.5x20x1x
Sun, 04 Jun 2023SEK 37.5bSEK 29.1bSEK 1.5b14.6x25.4x1.3x
Tue, 02 May 2023SEK 41.5bSEK 28.4bSEK 1.5b16.3x28x1.5x
Thu, 30 Mar 2023SEK 39.0bSEK 26.9bSEK 1.4b16x27.5x1.4x
Sat, 25 Feb 2023SEK 39.0bSEK 26.8bSEK 1.4b17.6x27.9x1.5x
Mon, 23 Jan 2023SEK 36.8bSEK 25.2bSEK 1.2b15.4x29.5x1.5x
Wed, 21 Dec 2022SEK 34.1bSEK 25.4bSEK 1.3b14.7x26.9x1.3x
Price to Earnings Ratio

26.9x


Total Market Cap: SEK 34.1bTotal 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 22.4x 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 Market-0.46%
Tech-1.24%
IT-0.067%
IT Consulting0.055%
Data Processing Services0%0
Internet Services and Infrastructure-3.49%
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 21.4%, 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
KNOW KnowitSEK 115.603.2%
+SEK 98.3m		-20.2%PE32.4x
PACT Proact IT GroupSEK 110.002.0%
+SEK 57.4m		-17.2%PE18.1x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
B3 B3 Consulting GroupSEK 41.205.8%
+SEK 20.5m		-43.8%PE134.1x
WPTG B White Pearl Technology GroupSEK 19.652.3%
+SEK 13.0m		228.6%PE7.6x

Latest News

ANOD B
SEK 98.80
Addnode Group
7D
-0.6%
1Y
-3.8%

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 66.10
Enea
7D
-2.1%
1Y
-35.8%

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 19.65
White Pearl Technology Group
7D
2.3%
1Y
228.6%

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
KNOW
SEK 115.60
Knowit
7D
3.2%
1Y
-20.2%

KNOW: New Public Contracts Will Drive Stronger Digital Sector Expansion Ahead

Analysts have issued a slightly revised price target for Knowit, maintaining it at SEK 148.67. They cite minor adjustments in discount rate and valuation metrics while reaffirming their outlook on the company's profitability and growth prospects.
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
CX
SEK 36.40
CombinedX
7D
1.4%
1Y
13.4%
TALK
SEK 14.70
TalkPool
7D
5.0%
1Y
125.5%

TalkPool AG (STO:TALK) Surges 25% Yet Its Low P/E Is No Reason For Excitement

Nov 27
TalkPool AG (STO:TALK) Surges 25% Yet Its Low P/E Is No Reason For Excitement
BINERO
SEK 2.20
Binero Group
7D
-9.1%
1Y
-16.0%
PREV B
SEK 89.60
Prevas
7D
0.9%
1Y
-20.4%

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 47.40
Generic Sweden
7D
-1.6%
1Y
-6.7%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
EXS
SEK 152.50
Exsitec Holding
7D
-3.5%
1Y
11.7%

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 110.00
Proact IT Group
7D
2.0%
1Y
-17.2%
B3
SEK 41.20
B3 Consulting Group
7D
5.8%
1Y
-43.8%
CAG
SEK 105.00
CAG Group
7D
-0.9%
1Y
-5.4%
SBG
SEK 0.63
StoneBeach Group
7D
-19.4%
1Y
351.4%