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Finnish (OMX) Software Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies13
  • 7D3.3%
  • 3M11.2%
  • 1Y8.5%
  • YTD4.5%

The Software industry is up 3.1% in the last week, with Bittium Oyj up 9.8%. This means that the industry has gained 8.2% over the past year. As for the next few years, earnings are expected to grow by 37% per annum.

Industry Valuation and Performance

Has the Finnish Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026€3.3b€1.0b€54.9m24.7x60.7x3.2x
Thu, 11 Dec 2025€2.9b€1.0b€54.9m25.7x52.8x2.8x
Sat, 08 Nov 2025€2.9b€1.0b€61.2m28.4x46.8x2.8x
Mon, 06 Oct 2025€3.1b€1.0b€63.4m28.8x49.5x3x
Wed, 03 Sep 2025€2.9b€1.0b€63.6m29.7x45.2x2.8x
Fri, 01 Aug 2025€3.1b€1.0b€72.3m39.1x43.2x3x
Sun, 29 Jun 2025€2.9b€1.0b€75.0m34.6x39.3x2.8x
Tue, 27 May 2025€2.9b€1.0b€75.0m29.9x38.9x2.8x
Thu, 24 Apr 2025€3.3b€1.1b€78.9m38.4x41.4x2.9x
Sat, 22 Mar 2025€3.5b€1.1b€79.3m41.3x44.2x3.1x
Mon, 17 Feb 2025€3.7b€1.1b€79.6m30.9x46.2x3.3x
Wed, 15 Jan 2025€3.2b€1.1b€40.8m34.8x78.4x2.8x
Fri, 13 Dec 2024€3.2b€1.1b€40.8m35.1x77.9x2.8x
Sun, 10 Nov 2024€3.1b€1.1b€39.2m29.6x79.3x2.7x
Tue, 08 Oct 2024€3.8b€1.1b€40.7m28.5x92.7x3.3x
Thu, 05 Sep 2024€3.8b€1.1b€41.4m29x92.6x3.4x
Sat, 03 Aug 2024€3.6b€1.1b€32.1m27x112.7x3.2x
Mon, 01 Jul 2024€3.6b€1.1b€30.6m23.5x118.3x3.2x
Wed, 29 May 2024€3.7b€1.1b€27.4m22.7x136x3.3x
Fri, 26 Apr 2024€3.3b€1.1b€31.3m20.9x104.8x2.9x
Sun, 24 Mar 2024€3.4b€1.1b€21.9m20.7x154.2x3x
Tue, 20 Feb 2024€3.5b€1.1b€27.7m22.8x126.8x3.1x
Thu, 18 Jan 2024€3.7b€1.3b€13.6m13.4x274.1x2.9x
Sat, 16 Dec 2023€3.7b€1.3b€13.6m13.2x275.7x2.9x
Mon, 13 Nov 2023€3.5b€1.3b€16.9m11.4x208.2x2.7x
Wed, 11 Oct 2023€3.3b€1.3b€20.4m18.2x159.3x2.6x
Fri, 08 Sep 2023€3.6b€1.3b€21.4m17.9x166.1x2.8x
Sun, 06 Aug 2023€3.8b€1.3b€23.9m22.8x158.2x3x
Tue, 04 Jul 2023€4.1b€1.2b€21.2m24.8x194.1x3.3x
Thu, 01 Jun 2023€4.5b€1.2b€23.7m25.7x189.6x3.6x
Sat, 29 Apr 2023€4.5b€1.2b€23.9m27.8x187.7x3.6x
Mon, 27 Mar 2023€4.1b€1.2b€21.8m26.9x188.4x3.3x
Wed, 22 Feb 2023€4.3b€1.3b€4.4m45x978.7x3.3x
Fri, 20 Jan 2023€3.7b€1.4b€38.5m40.9x96.2x2.6x
Price to Earnings Ratio

96.2x


Total Market Cap: €3.7bTotal Earnings: €38.5mTotal Revenue: €1.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Software Industry Price to Earnings3Y Average 115.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Finnish Software 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 60.6x which is lower than its 3-year average PE of 115x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 10% 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 Finnish Tech industry?

FI Market0.36%
Tech0.83%
Software3.31%
Systems Software4.50%
Application Software0.55%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 101x.
    • Analysts are expecting annual earnings growth of 44.1%, which is higher than its past year's earnings decline of 4.8% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading below its 3-year average of 78.0x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings decline of 4.8% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 19% 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
BITTI Bittium Oyj€32.959.8%
+€104.8m
410.1%PE181x
ADMCM Admicom Oyj€44.954.5%
+€9.8m
-0.8%PE46.8x
QTCOM Qt Group Oyj€32.300.4%
+€3.6m
-54.6%PE19.6x
TEM1V Tecnotree Oyj€4.304.0%
+€2.7m
65.2%PE10.9x

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