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

Swedish (OMX) IT Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies22
  • 7D-5.5%
  • 3M-25.6%
  • 1Y-40.9%
  • YTD-35.5%

Over the last 7 days, the IT industry has dropped 4.6%, driven by Addnode Group declining 16%. Meanwhile, Knowit actually outperformed within the industry, gaining 6.9% in the last week. Overall the industry is down 41% in 12 months. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026SEK 19.6bSEK 27.6bSEK 990.2m15.6x19.8x0.7x
Fri, 19 Jun 2026SEK 20.9bSEK 27.3bSEK 904.0m15.8x23.2x0.8x
Sun, 17 May 2026SEK 22.2bSEK 27.2bSEK 896.9m16.5x24.7x0.8x
Tue, 14 Apr 2026SEK 24.5bSEK 27.3bSEK 833.3m17.6x29.4x0.9x
Thu, 12 Mar 2026SEK 25.0bSEK 27.3bSEK 833.6m17x30x0.9x
Sat, 07 Feb 2026SEK 28.1bSEK 27.4bSEK 1.3b16.4x21.1x1x
Mon, 05 Jan 2026SEK 30.5bSEK 27.3bSEK 1.4b17.6x22.1x1.1x
Wed, 03 Dec 2025SEK 30.6bSEK 27.5bSEK 1.4b16.6x22.6x1.1x
Fri, 31 Oct 2025SEK 32.7bSEK 27.5bSEK 1.0b16.8x31.3x1.2x
Sun, 28 Sep 2025SEK 30.7bSEK 28.1bSEK 1.1b14.7x27.3x1.1x
Tue, 26 Aug 2025SEK 32.5bSEK 28.1bSEK 1.4b15.5x23.8x1.2x
Thu, 24 Jul 2025SEK 33.7bSEK 28.1bSEK 1.4b16.1x24.7x1.2x
Sat, 21 Jun 2025SEK 32.2bSEK 29.3bSEK 1.4b16.4x23.7x1.1x
Mon, 19 May 2025SEK 31.2bSEK 29.3bSEK 1.1b16.7x29.5x1.1x
Wed, 16 Apr 2025SEK 31.4bSEK 30.4bSEK 1.2b14.6x26.3x1x
Fri, 14 Mar 2025SEK 33.3bSEK 30.5bSEK 1.5b14.8x22.6x1.1x
Sun, 09 Feb 2025SEK 34.7bSEK 30.4bSEK 1.4b14.7x24.1x1.1x
Tue, 07 Jan 2025SEK 33.2bSEK 31.1bSEK 1.4b15.5x23.6x1.1x
Thu, 05 Dec 2024SEK 34.0bSEK 30.9bSEK 1.3b15.3x25.8x1.1x
Sat, 02 Nov 2024SEK 33.7bSEK 30.8bSEK 1.4b15.2x24.6x1.1x
Mon, 30 Sep 2024SEK 35.5bSEK 30.0bSEK 1.2b17.2x29.4x1.2x
Wed, 28 Aug 2024SEK 35.3bSEK 29.8bSEK 1.2b22.5x29.2x1.2x
Fri, 26 Jul 2024SEK 35.3bSEK 29.7bSEK 1.2b20.4x30x1.2x
Sun, 23 Jun 2024SEK 37.7bSEK 29.2bSEK 524.4m19.3x71.9x1.3x
Tue, 21 May 2024SEK 37.6bSEK 29.5bSEK 820.5m17x45.8x1.3x
Thu, 18 Apr 2024SEK 36.5bSEK 30.1bSEK 927.1m16.7x39.3x1.2x
Sat, 16 Mar 2024SEK 35.0bSEK 30.1bSEK 910.0m16.8x38.5x1.2x
Mon, 12 Feb 2024SEK 34.7bSEK 30.6bSEK 573.8m17.3x60.4x1.1x
Wed, 10 Jan 2024SEK 31.0bSEK 30.5bSEK 606.9m15.7x51.1x1x
Fri, 08 Dec 2023SEK 28.7bSEK 30.5bSEK 612.5m15.6x46.8x0.9x
Sun, 05 Nov 2023SEK 26.6bSEK 30.3bSEK 601.0m14.5x44.2x0.9x
Tue, 03 Oct 2023SEK 25.9bSEK 30.1bSEK 677.2m14.3x38.2x0.9x
Thu, 31 Aug 2023SEK 27.4bSEK 29.9bSEK 666.5m15x41.1x0.9x
Sat, 29 Jul 2023SEK 29.0bSEK 29.7bSEK 673.2m16x43.1x1x
Price to Earnings Ratio

43.1x


Total Market Cap: SEK 29.0bTotal 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 20.1x 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 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.5% 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 Market-0.10%
Tech-3.26%
IT-5.55%
Internet Services and Infrastructure1.72%
Data Processing Services0%0
IT Consulting-5.86%
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 26.7%, which is higher than its past year's earnings growth of 0.8% 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 27% over the next 5 years.
  • This is better than its past earnings growth rate of 0.8% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 18% 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 88.406.9%
+SEK 156.0m		-26.8%PS0.4x
PACT Proact IT GroupSEK 122.601.5%
+SEK 45.5m		25.0%PE16.2x
SOLIDX SolidxSEK 3.0057.9%
+SEK 39.5m		-2.9%PS0.7x
WPTG B White Pearl Technology GroupSEK 14.369.6%
+SEK 38.3m		80.4%PE5.9x
NTEK B NovotekSEK 54.906.2%
+SEK 33.9m		-48.7%PE16.9x

Latest News

CAG
SEK 97.40
CAG Group
7D
-7.2%
1Y
-10.6%
Analysis Article • 1h

Earnings Miss: CAG Group AB (publ) Missed EPS By 28% And Analysts Are Revising Their Forecasts

Last week, you might have seen that CAG Group AB (publ) ( STO:CAG ) released its second-quarter result to the market...
ANOD B
SEK 36.45
Addnode Group
7D
-16.2%
1Y
-68.1%
PREV B
SEK 67.70
Prevas
7D
-15.5%
1Y
-16.7%
NTEK B
SEK 54.90
Novotek
7D
6.2%
1Y
-48.7%
CX
SEK 31.50
CombinedX
7D
-9.0%
1Y
-15.3%
B3
SEK 19.75
B3 Consulting Group
7D
1.3%
1Y
-63.1%
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 88.40
Knowit
7D
6.9%
1Y
-26.8%
ENEA
SEK 56.30
Enea
7D
-17.9%
1Y
-26.3%
PACT
SEK 122.60
Proact IT Group
7D
1.5%
1Y
25.0%
EXS
SEK 104.00
Exsitec Holding
7D
1.0%
1Y
-22.7%
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 14.36
White Pearl Technology Group
7D
9.6%
1Y
80.4%
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%
PRCO B
SEK 17.20
Precio Fishbone
7D
-2.3%
1Y
-25.9%
SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
INFRA
SEK 17.35
InfraCom Group
7D
3.0%
1Y
-40.2%
GENI
SEK 36.90
Generic Sweden
7D
-1.1%
1Y
-33.6%