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Finnish (OMX) Software Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies13
  • 7D-2.8%
  • 3M-15.2%
  • 1Y-9.4%
  • YTD-5.4%

Over the last 7 days, the Software industry has dropped 2.8%, driven by a pullback from Bittium Oyj of 5.8%. The industry has fallen 9.4% in the last year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026€2.8b€965.5m€90.5m17.1x30.8x2.9x
Sat, 21 Mar 2026€2.6b€968.1m€90.0m17.1x29.4x2.7x
Mon, 16 Feb 2026€2.7b€909.3m€76.6m25.4x35.9x3x
Wed, 14 Jan 2026€3.5b€1.0b€54.9m24.6x63.8x3.4x
Fri, 12 Dec 2025€2.9b€1.0b€54.9m25.1x52.9x2.8x
Sun, 09 Nov 2025€2.9b€1.0b€61.2m28.4x46.8x2.8x
Tue, 07 Oct 2025€3.1b€1.0b€63.4m28.8x49x3x
Thu, 04 Sep 2025€2.9b€1.0b€63.4m30.4x45.1x2.8x
Sat, 02 Aug 2025€3.0b€1.0b€72.3m38x41.9x2.9x
Mon, 30 Jun 2025€2.9b€1.0b€75.0m34.6x39.3x2.8x
Wed, 28 May 2025€3.0b€1.0b€75.0m31.4x39.9x2.9x
Fri, 25 Apr 2025€2.9b€1.1b€78.9m38.3x37.1x2.6x
Sun, 23 Mar 2025€3.5b€1.1b€79.3m41.3x44.2x3.1x
Tue, 18 Feb 2025€3.7b€1.1b€79.6m31.5x47.1x3.3x
Thu, 16 Jan 2025€3.3b€1.1b€40.8m36.4x79.7x2.9x
Sat, 14 Dec 2024€3.2b€1.1b€40.8m35.4x77.7x2.8x
Mon, 11 Nov 2024€3.1b€1.1b€39.2m29.6x79.3x2.7x
Wed, 09 Oct 2024€3.7b€1.1b€40.7m29.2x91.7x3.3x
Fri, 06 Sep 2024€3.8b€1.1b€41.4m29x92.1x3.4x
Sun, 04 Aug 2024€3.6b€1.1b€32.3m27x112.1x3.2x
Tue, 02 Jul 2024€3.7b€1.1b€30.6m22.9x120.1x3.2x
Thu, 30 May 2024€3.7b€1.1b€27.4m22.7x135.4x3.3x
Sat, 27 Apr 2024€3.5b€1.1b€31.1m20.7x111.1x3x
Mon, 25 Mar 2024€3.4b€1.1b€21.9m20.7x154.2x3x
Wed, 21 Feb 2024€3.5b€1.1b€27.7m23.1x126.3x3.1x
Fri, 19 Jan 2024€3.8b€1.3b€13.6m13.4x282.2x2.9x
Sun, 17 Dec 2023€3.7b€1.3b€13.6m13.2x275.7x2.9x
Tue, 14 Nov 2023€3.5b€1.3b€16.9m11.5x207.6x2.7x
Thu, 12 Oct 2023€3.2b€1.3b€20.4m18.2x157.7x2.5x
Sat, 09 Sep 2023€3.5b€1.3b€21.4m17.9x163.3x2.7x
Mon, 07 Aug 2023€3.8b€1.3b€23.9m22.8x158.2x3x
Wed, 05 Jul 2023€4.1b€1.2b€21.2m24.9x194.2x3.3x
Fri, 02 Jun 2023€4.5b€1.2b€23.7m25.7x191.2x3.6x
Sun, 30 Apr 2023€4.5b€1.2b€24.2m27.8x185.2x3.6x
Price to Earnings Ratio

185.2x


Total Market Cap: €4.5bTotal Earnings: €24.2mTotal Revenue: €1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Software Industry Price to Earnings3Y Average 107.9x202420252026
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 30.8x which is lower than its 3-year average PE of 108x.
  • 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 55% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.2% 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 Market-0.16%
Tech-0.16%
Software-2.83%
Application Software-2.12%
Systems Software-3.07%
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 93.3x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings growth of 7.8% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading below its 3-year average of 65.8x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 7.8% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 20% 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
FSECURE F-Secure Oyj€1.774.0%
+€11.9m
-5.2%PE13.8x
TEM1V Tecnotree Oyj€5.733.2%
+€4.1m
77.7%PE12.8x
SSH1V SSH Communications Security Oyj€2.221.6%
+€1.9m
91.4%PS5.6x
LEMON Lemonsoft Oyj€4.801.5%
+€1.2m
-12.4%PE18.8x
QPR1V QPR Software Oyj€0.575.6%
+€589.8k
-40.8%PS2x

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