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Swedish (OMX) IT Industry Analysis

UpdatedAug 30, 2026
DataAggregated Company Financials
Companies22
  • 7D4.4%
  • 3M-4.1%
  • 1Y-32.6%
  • YTD-28.3%

Over the last 7 days, the IT industry has risen 4.4%, driven by gains from Addnode Group of 9.2%. Meanwhile, InfraCom Group actually underperformed within the industry, shrinking 17% in the last week. In contrast, the industry has lost 33% in the last 12 months. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Aug 2026SEK 21.9bSEK 27.5bSEK 958.2m16.9x22.8x0.8x
Tue, 28 Jul 2026SEK 20.0bSEK 27.4bSEK 990.1m15.9x20.2x0.7x
Thu, 25 Jun 2026SEK 20.6bSEK 27.3bSEK 904.1m16.2x22.8x0.8x
Sat, 23 May 2026SEK 23.1bSEK 27.3bSEK 900.0m16.7x25.7x0.8x
Mon, 20 Apr 2026SEK 26.6bSEK 27.3bSEK 833.2m18x32x1x
Wed, 18 Mar 2026SEK 24.9bSEK 27.3bSEK 833.7m16.9x29.8x0.9x
Fri, 13 Feb 2026SEK 26.3bSEK 27.2bSEK 914.9m15.4x28.7x1x
Sun, 11 Jan 2026SEK 31.3bSEK 27.3bSEK 1.4b17.7x22.7x1.1x
Tue, 09 Dec 2025SEK 30.4bSEK 27.3bSEK 1.4b16.5x22.1x1.1x
Thu, 06 Nov 2025SEK 31.9bSEK 27.5bSEK 1.0b16.8x30.5x1.2x
Sat, 04 Oct 2025SEK 30.7bSEK 28.1bSEK 1.1b14.8x27.2x1.1x
Mon, 01 Sep 2025SEK 32.4bSEK 28.1bSEK 1.1b16.4x28.4x1.2x
Wed, 30 Jul 2025SEK 33.1bSEK 28.1bSEK 1.4b15.8x24.2x1.2x
Fri, 27 Jun 2025SEK 32.9bSEK 29.6bSEK 1.4b14.9x23.6x1.1x
Sun, 25 May 2025SEK 31.1bSEK 29.3bSEK 1.1b16.1x28.8x1.1x
Tue, 22 Apr 2025SEK 31.3bSEK 30.4bSEK 1.2b14.4x26.2x1x
Thu, 20 Mar 2025SEK 33.9bSEK 30.5bSEK 1.2b15.3x28.3x1.1x
Sat, 15 Feb 2025SEK 35.0bSEK 30.3bSEK 1.4b15.6x24.6x1.2x
Mon, 13 Jan 2025SEK 32.2bSEK 31.1bSEK 1.4b15.4x22.9x1x
Wed, 11 Dec 2024SEK 33.8bSEK 30.8bSEK 1.3b15.3x25.6x1.1x
Fri, 08 Nov 2024SEK 33.7bSEK 30.8bSEK 1.4b15.1x24.7x1.1x
Sun, 06 Oct 2024SEK 34.8bSEK 30.0bSEK 1.2b17x28.8x1.2x
Tue, 03 Sep 2024SEK 35.5bSEK 30.0bSEK 1.2b20.9x29.3x1.2x
Thu, 01 Aug 2024SEK 35.7bSEK 29.7bSEK 1.2b20x30.3x1.2x
Sat, 29 Jun 2024SEK 37.3bSEK 29.2bSEK 524.4m20x71x1.3x
Mon, 27 May 2024SEK 38.1bSEK 29.5bSEK 818.1m18.1x46.5x1.3x
Wed, 24 Apr 2024SEK 35.2bSEK 30.1bSEK 927.6m16.7x38x1.2x
Fri, 22 Mar 2024SEK 35.8bSEK 30.2bSEK 924.0m16.9x38.7x1.2x
Sun, 18 Feb 2024SEK 35.5bSEK 30.8bSEK 674.0m17.3x52.7x1.2x
Tue, 16 Jan 2024SEK 30.9bSEK 30.5bSEK 606.9m15.8x50.9x1x
Thu, 14 Dec 2023SEK 28.6bSEK 30.5bSEK 609.1m15.4x46.9x0.9x
Sat, 11 Nov 2023SEK 27.7bSEK 30.3bSEK 601.0m14.7x46x0.9x
Mon, 09 Oct 2023SEK 25.2bSEK 30.1bSEK 676.9m14.2x37.2x0.8x
Wed, 06 Sep 2023SEK 27.4bSEK 30.1bSEK 672.5m14.5x40.7x0.9x
Price to Earnings Ratio

40.7x


Total Market Cap: SEK 27.4bTotal Earnings: SEK 672.5mTotal Revenue: SEK 30.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 32.3x202420252026
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 22.8x which is lower than its 3-year average PE of 32.3x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.0% 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 Market1.37%
Tech1.25%
IT4.44%
IT Consulting5.17%
Data Processing Services0%0
Internet Services and Infrastructure-12.86%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 25.7%, 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 26% 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 21% 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 45.559.2%
+SEK 521.9m		-59.7%PE19.1x
PACT Proact IT GroupSEK 135.809.2%
+SEK 287.9m		48.4%PE18x
CX CombinedXSEK 38.5016.7%
+SEK 107.1m		8.5%PE5.5x
EXS Exsitec HoldingSEK 117.505.4%
+SEK 80.6m		-18.4%PE18.3x
KNOW KnowitSEK 96.002.0%
+SEK 51.8m		-10.8%PS0.5x

Latest News

SOLIDX
SEK 3.00
Solidx
7D
57.9%
1Y
-2.9%
INFRA
SEK 14.05
InfraCom Group
7D
-17.4%
1Y
-41.2%
Analysis Article • Aug 29

Earnings Miss: InfraCom Group AB (publ) Missed EPS By 23% And Analysts Are Revising Their Forecasts

It's been a mediocre week for InfraCom Group AB (publ) ( NGM:INFRA ) shareholders, with the stock dropping 17% to...
DIAH
SEK 2.21
Diadrom Holding
7D
-10.2%
1Y
-59.4%
TRIONA
SEK 33.00
Triona
7D
-2.9%
1Y
-29.5%
CX
SEK 38.50
CombinedX
7D
16.7%
1Y
8.5%
WPTG B
SEK 13.18
White Pearl Technology Group
7D
-9.1%
1Y
-24.3%
ANOD B
SEK 45.55
Addnode Group
7D
9.2%
1Y
-59.7%
Narrative Update • Aug 26

ANOD B: Municipal Case Platform Contract Will Support Stronger Long-Term Upside

Analysts now cite a refreshed view on growth, margins and valuation as reasons for trimming the fair value estimate for Addnode Group from SEK 70.00 to SEK 63.00. What’s in the News for Addnode Group Addnode Group reports that Sokigo, within its Process Management division, has signed a contract with the City of Stockholm to deliver and implement a case management platform for urban development and community planning processes.
EXS
SEK 117.50
Exsitec Holding
7D
5.4%
1Y
-18.4%
GENI
SEK 39.40
Generic Sweden
7D
-2.5%
1Y
-21.5%
NTEK B
SEK 63.00
Novotek
7D
3.4%
1Y
-26.7%
BINERO
SEK 1.59
Binero Group
7D
-1.9%
1Y
-43.6%
KNOW
SEK 96.00
Knowit
7D
2.0%
1Y
-10.8%
SOF B
SEK 22.50
Softronic
7D
1.6%
1Y
-1.7%
ENEA
SEK 63.50
Enea
7D
-2.0%
1Y
-15.3%
PACT
SEK 135.80
Proact IT Group
7D
9.2%
1Y
48.4%
AIXIA B
SEK 148.50
Aixia Group
7D
-1.3%
1Y
-5.4%