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Swedish (OMX) IT Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies22
  • 7D-4.8%
  • 3M-25.9%
  • 1Y-40.9%
  • YTD-34.8%

Over the last 7 days, the IT industry has dropped 4.8%, driven by a pullback from Addnode Group of 15%. On the other hand Knowit is actually up 7.4%. However, the industry is down 41% over the past year. Earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jul 2026SEK 19.8bSEK 27.4bSEK 889.9m15.9x22.3x0.7x
Wed, 17 Jun 2026SEK 21.4bSEK 27.3bSEK 903.9m16.1x23.7x0.8x
Fri, 15 May 2026SEK 21.9bSEK 27.2bSEK 896.8m16.3x24.4x0.8x
Sun, 12 Apr 2026SEK 24.3bSEK 27.3bSEK 833.3m17.8x29.2x0.9x
Tue, 10 Mar 2026SEK 24.8bSEK 27.3bSEK 833.6m16.9x29.7x0.9x
Thu, 05 Feb 2026SEK 28.0bSEK 27.4bSEK 1.3b17x21x1x
Sat, 03 Jan 2026SEK 30.5bSEK 27.3bSEK 1.4b17.6x22.1x1.1x
Mon, 01 Dec 2025SEK 30.5bSEK 27.5bSEK 1.4b16.6x22.5x1.1x
Wed, 29 Oct 2025SEK 33.1bSEK 27.5bSEK 1.1b16.4x31.3x1.2x
Fri, 26 Sep 2025SEK 31.1bSEK 28.1bSEK 1.1b14.7x27.6x1.1x
Sun, 24 Aug 2025SEK 32.2bSEK 28.1bSEK 1.4b16.1x23.6x1.1x
Tue, 22 Jul 2025SEK 33.6bSEK 28.1bSEK 1.4b16.7x24.6x1.2x
Thu, 19 Jun 2025SEK 32.6bSEK 29.3bSEK 1.4b16.4x24x1.1x
Sat, 17 May 2025SEK 31.2bSEK 29.3bSEK 1.1b16.7x29.5x1.1x
Mon, 14 Apr 2025SEK 30.1bSEK 30.4bSEK 1.2b13.7x25.2x1x
Wed, 12 Mar 2025SEK 32.8bSEK 30.5bSEK 1.5b14.7x22.3x1.1x
Fri, 07 Feb 2025SEK 35.3bSEK 30.5bSEK 1.5b14.9x23.6x1.2x
Sun, 05 Jan 2025SEK 33.2bSEK 31.1bSEK 1.4b15.5x23.6x1.1x
Tue, 03 Dec 2024SEK 33.3bSEK 30.9bSEK 1.3b15.2x25.2x1.1x
Thu, 31 Oct 2024SEK 34.3bSEK 30.8bSEK 1.4b15.3x25.1x1.1x
Sat, 28 Sep 2024SEK 35.6bSEK 30.0bSEK 1.2b17.2x29.4x1.2x
Mon, 26 Aug 2024SEK 35.4bSEK 29.8bSEK 1.2b21.7x29.3x1.2x
Wed, 24 Jul 2024SEK 36.1bSEK 29.7bSEK 1.2b19.7x30x1.2x
Fri, 21 Jun 2024SEK 37.7bSEK 29.1bSEK 525.6m19.3x71.7x1.3x
Sun, 19 May 2024SEK 37.1bSEK 29.5bSEK 821.6m16.9x45.1x1.3x
Tue, 16 Apr 2024SEK 36.7bSEK 30.1bSEK 918.6m16.7x39.9x1.2x
Thu, 14 Mar 2024SEK 35.2bSEK 30.1bSEK 910.0m16.7x38.7x1.2x
Sat, 10 Feb 2024SEK 34.7bSEK 30.7bSEK 600.1m16.9x57.8x1.1x
Mon, 08 Jan 2024SEK 30.8bSEK 30.5bSEK 608.7m15.5x50.6x1x
Wed, 06 Dec 2023SEK 28.5bSEK 30.5bSEK 612.5m15.4x46.5x0.9x
Fri, 03 Nov 2023SEK 26.4bSEK 30.3bSEK 601.0m14.5x43.9x0.9x
Sun, 01 Oct 2023SEK 25.9bSEK 30.1bSEK 677.2m14.3x38.2x0.9x
Tue, 29 Aug 2023SEK 27.7bSEK 29.9bSEK 666.5m15.2x41.5x0.9x
Thu, 27 Jul 2023SEK 28.9bSEK 29.7bSEK 673.2m16.1x42.9x1x
Price to Earnings Ratio

42.9x


Total Market Cap: SEK 28.9bTotal 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 22.3x 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 0.72x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 9.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% 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 Market0.31%
Tech-5.80%
IT-4.80%
Data Processing Services0%0
Internet Services and Infrastructure-0.58%
IT Consulting-4.98%
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 28.7%, which is higher than its past year's earnings decline of 2.1% 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 29% over the next 5 years.
  • This is better than its past earnings decline of 2.1% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow 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
KNOW KnowitSEK 90.408.4%
+SEK 191.4m		-26.1%PS0.4x
PACT Proact IT GroupSEK 123.203.0%
+SEK 90.9m		26.1%PE16.3x
NTEK B NovotekSEK 57.7014.3%
+SEK 76.3m		-45.0%PE17.7x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
WPTG B White Pearl Technology GroupSEK 14.3010.2%
+SEK 40.1m		77.9%PE5.9x

Latest News

CAG
SEK 97.80
CAG Group
7D
-6.4%
1Y
-11.5%
NTEK B
SEK 57.70
Novotek
7D
14.3%
1Y
-45.0%
CX
SEK 31.60
CombinedX
7D
-8.7%
1Y
-17.7%
B3
SEK 19.90
B3 Consulting Group
7D
2.8%
1Y
-63.6%
Analysis Article • Jul 19

Results: B3 Consulting Group AB (publ) Delivered A Surprise Loss And Now Analysts Have New Forecasts

Investors in B3 Consulting Group AB (publ) ( STO:B3 ) had a good week, as its shares rose 5.3% to close at kr22.00...
KNOW
SEK 90.40
Knowit
7D
8.4%
1Y
-26.1%
PREV B
SEK 67.90
Prevas
7D
-14.5%
1Y
-19.5%
SOF B
SEK 22.55
Softronic
7D
2.0%
1Y
-5.5%
ANOD B
SEK 37.15
Addnode Group
7D
-15.4%
1Y
-68.0%
Analysis Article • Jul 18

Addnode Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

There's been a notable change in appetite for Addnode Group AB (publ) ( STO:ANOD B ) shares in the week since its...
ENEA
SEK 57.60
Enea
7D
-16.9%
1Y
-25.2%
PACT
SEK 123.20
Proact IT Group
7D
3.0%
1Y
26.1%
EXS
SEK 104.00
Exsitec Holding
7D
-1.0%
1Y
-23.0%
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...
WPTG B
SEK 14.30
White Pearl Technology Group
7D
10.2%
1Y
77.9%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
INFRA
SEK 16.50
InfraCom Group
7D
-0.9%
1Y
-42.7%
GENI
SEK 37.65
Generic Sweden
7D
-1.2%
1Y
-32.5%
BINERO
SEK 1.87
Binero Group
7D
3.9%
1Y
-22.1%