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Finnish (OMX) Software Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies12
  • 7D-5.1%
  • 3M14.7%
  • 1Y-9.5%
  • YTD1.8%

Over the last 7 days, the Software industry has dropped 5.1%, driven by Bittium Oyj declining 4.0%. However, the industry is down 9.5% over the past year. Looking forward, earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026€2.9b€909.1m€65.2m20.3x45.2x3.2x
Sun, 04 Jan 2026€3.2b€1.0b€54.9m25.1x58.1x3.1x
Tue, 02 Dec 2025€2.8b€1.0b€61.2m24.9x46.1x2.7x
Thu, 30 Oct 2025€2.9b€1.0b€61.8m30.6x47.2x2.8x
Sat, 27 Sep 2025€3.0b€1.0b€63.4m29x47.4x2.9x
Mon, 25 Aug 2025€3.0b€1.0b€63.6m30.8x46.4x2.9x
Wed, 23 Jul 2025€3.1b€1.0b€72.3m38.7x42.5x3x
Fri, 20 Jun 2025€2.9b€1.0b€75.0m34.1x38.3x2.8x
Sun, 18 May 2025€3.0b€1.0b€75.0m31x39.7x2.9x
Tue, 15 Apr 2025€3.2b€1.1b€78.9m37.6x40.2x2.8x
Thu, 13 Mar 2025€3.4b€1.1b€79.3m37.1x43.1x3.1x
Sat, 08 Feb 2025€3.5b€1.1b€41.1m34.8x84x3x
Mon, 06 Jan 2025€3.1b€1.1b€40.8m36.7x76.6x2.8x
Wed, 04 Dec 2024€3.2b€1.1b€41.4m33.8x76.4x2.8x
Fri, 01 Nov 2024€3.6b€1.1b€39.1m29.2x90.8x3.1x
Sun, 29 Sep 2024€3.8b€1.1b€40.7m29.2x94.4x3.4x
Tue, 27 Aug 2024€3.9b€1.1b€39.0m26.4x100.8x3.5x
Thu, 25 Jul 2024€3.7b€1.1b€32.1m25.7x115.7x3.3x
Sat, 22 Jun 2024€3.7b€1.1b€30.6m21.8x121.2x3.3x
Mon, 20 May 2024€3.7b€1.1b€27.4m21.8x136.6x3.3x
Wed, 17 Apr 2024€3.4b€1.1b€21.9m20.1x155.4x3x
Fri, 15 Mar 2024€3.5b€1.1b€21.9m21.2x159.4x3.1x
Sun, 11 Feb 2024€3.3b€1.1b€31.1m24.5x105.3x2.9x
Tue, 09 Jan 2024€3.8b€1.3b€13.6m13.5x277.9x2.9x
Thu, 07 Dec 2023€3.5b€1.3b€13.6m12.5x258.2x2.7x
Sat, 04 Nov 2023€3.5b€1.3b€16.9m11.9x204.6x2.7x
Mon, 02 Oct 2023€3.3b€1.3b€21.4m16.1x154x2.6x
Wed, 30 Aug 2023€3.6b€1.3b€26.4m22.6x137.1x2.9x
Fri, 28 Jul 2023€4.1b€1.2b€30.6m23.7x132.4x3.3x
Sun, 25 Jun 2023€4.3b€1.2b€21.2m24.8x203.6x3.5x
Tue, 23 May 2023€4.6b€1.2b€23.7m26.4x194.3x3.7x
Thu, 20 Apr 2023€4.4b€1.2b€22.6m29.6x196.3x3.8x
Sat, 18 Mar 2023€4.2b€1.2b€21.9m27.5x192.5x3.4x
Mon, 13 Feb 2023€4.0b€1.3b-€2,070,138.0041.9x-1939.8x3.1x
Price to Earnings Ratio

-1939.8x


Total Market Cap: €4.0bTotal Earnings: -€2,070,138.00Total Revenue: €1.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Software Industry Price to Earnings3Y Average 114.5x202420252026
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 45.2x which is lower than its 3-year average PE of 114x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • Total earnings for the Software industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 11% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Finnish Tech industry?

FI Market1.51%
Tech9.12%
Software-5.08%
Application Software-4.42%
Systems Software-5.34%
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 104x.
    • Analysts are expecting annual earnings growth of 39.4%, 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 75.1x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 39% 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 17% 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
WITH WithSecure Oyj€1.720.2%
+€698.8k
102.4%PS2.5x
LEMON Lemonsoft Oyj€5.060.8%
+€631.8k
-17.0%PE20.3x
TEM1V Tecnotree Oyj€5.610.5%
+€510.5k
30.0%PE14.7x

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