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Swedish (OMX) IT Industry Analysis

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies22
  • 7D-3.6%
  • 3M-25.0%
  • 1Y-41.0%
  • YTD-34.4%

Over the last 7 days, the IT industry has dropped 3.6%, driven by a pullback from Addnode Group of 16%. In contrast, Proact IT Group has gained 7.1%. The industry has fallen 41% in the last 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
Fri, 17 Jul 2026SEK 19.9bSEK 27.3bSEK 813.3m16.3x24.5x0.7x
Sun, 14 Jun 2026SEK 21.6bSEK 27.3bSEK 903.9m16x23.9x0.8x
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
Price to Earnings Ratio

42.4x


Total Market Cap: SEK 28.5bTotal Earnings: SEK 673.2mTotal Revenue: SEK 29.7bTotal 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 24.5x 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 0.73x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 6.5% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.8% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

SE Market0.25%
Tech-4.83%
IT-3.63%
Data Processing Services0%0
Internet Services and Infrastructure-0.72%
IT Consulting-3.76%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 31.1x.
    • Analysts are expecting annual earnings growth of 25.9%, which is higher than its past year's earnings decline of 20.2% 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 20% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 9.4% 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 129.007.1%
+SEK 217.2m		29.3%PE21.3x
KNOW KnowitSEK 84.302.8%
+SEK 62.6m		-33.8%PS0.4x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
EXS Exsitec HoldingSEK 104.002.5%
+SEK 33.6m		-23.2%PE16.2x
SOF B SoftronicSEK 22.602.7%
+SEK 31.6m		-6.6%PE16.9x

Latest News

PACT
SEK 129.00
Proact IT Group
7D
7.1%
1Y
29.3%
ENEA
SEK 59.60
Enea
7D
-15.0%
1Y
-20.0%
ANOD B
SEK 36.25
Addnode Group
7D
-15.7%
1Y
-69.2%
Narrative Update • Jul 15

ANOD B: Higher Discount Rate Will Still Support Attractive Future Upside

Analysts have trimmed their fair value estimate for Addnode Group from SEK 80 to SEK 70 as they factor in a slightly higher discount rate, modest tweaks to long term revenue growth and profit margin assumptions, and a lower future P/E multiple. What's in the News No recent company specific news for Addnode Group has been provided in the available sources.
EXS
SEK 104.00
Exsitec Holding
7D
2.5%
1Y
-23.2%
Analysis Article • Jul 15

Exsitec Holding AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Exsitec Holding AB (publ) ( STO:EXS ) came out with its quarterly results last week, and we wanted to see how the...
KNOW
SEK 84.30
Knowit
7D
2.8%
1Y
-33.8%
WPTG B
SEK 12.90
White Pearl Technology Group
7D
-2.3%
1Y
79.2%
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%
SBG
SEK 0.49
StoneBeach Group
7D
-9.7%
1Y
73.2%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
TRIONA
SEK 33.20
Triona
7D
9.9%
1Y
-30.8%
INFRA
SEK 16.60
InfraCom Group
7D
-0.6%
1Y
-36.9%
GENI
SEK 37.70
Generic Sweden
7D
-5.3%
1Y
-31.2%
NTEK B
SEK 51.80
Novotek
7D
-1.1%
1Y
-46.0%
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...
CX
SEK 35.70
CombinedX
7D
2.0%
1Y
-7.3%
CAG
SEK 106.00
CAG Group
7D
1.9%
1Y
-6.2%
SOF B
SEK 22.60
Softronic
7D
2.7%
1Y
-6.6%