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Finnish (OMX) Software Industry Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies13
- 7D5.2%
- 3M21.4%
- 1Y8.0%
- YTD9.0%
Over the last 7 days, the Software industry has risen 6.5%, driven by gains from Bittium Oyj of 13%. This means that the industry has gained 9.8% over the past year. As for the next few years, earnings are expected to grow by 38% per annum.
Industry Valuation and Performance
Has the Finnish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | €3.5b | €1.0b | €54.9m | 24.1x | 63.3x | 3.4x |
| Sun, 14 Dec 2025 | €2.9b | €1.0b | €54.9m | 25.2x | 52.9x | 2.8x |
| Tue, 11 Nov 2025 | €2.9b | €1.0b | €61.2m | 26.6x | 46.9x | 2.8x |
| Thu, 09 Oct 2025 | €3.1b | €1.0b | €63.4m | 30.1x | 49.2x | 3x |
| Sat, 06 Sep 2025 | €2.9b | €1.0b | €63.4m | 30.4x | 45.3x | 2.8x |
| Mon, 04 Aug 2025 | €3.0b | €1.0b | €72.3m | 38x | 41.9x | 2.9x |
| Wed, 02 Jul 2025 | €3.0b | €1.0b | €75.0m | 35x | 39.5x | 2.8x |
| Fri, 30 May 2025 | €3.0b | €1.0b | €75.0m | 31.5x | 39.8x | 2.9x |
| Sun, 27 Apr 2025 | €2.9b | €1.1b | €75.5m | 37.6x | 38.8x | 2.6x |
| Tue, 25 Mar 2025 | €3.5b | €1.1b | €79.3m | 40.9x | 44.3x | 3.1x |
| Thu, 20 Feb 2025 | €3.8b | €1.1b | €79.9m | 31.9x | 47.1x | 3.4x |
| Sat, 18 Jan 2025 | €3.4b | €1.1b | €40.8m | 34.2x | 82.6x | 3x |
| Mon, 16 Dec 2024 | €3.2b | €1.1b | €40.8m | 35.4x | 77.7x | 2.8x |
| Wed, 13 Nov 2024 | €3.1b | €1.1b | €39.2m | 26.7x | 78.6x | 2.7x |
| Fri, 11 Oct 2024 | €3.7b | €1.1b | €37.7m | 33x | 98.8x | 3.5x |
| Sun, 08 Sep 2024 | €3.8b | €1.1b | €41.4m | 28.7x | 91x | 3.3x |
| Tue, 06 Aug 2024 | €3.6b | €1.1b | €32.3m | 26.4x | 110.2x | 3.1x |
| Thu, 04 Jul 2024 | €3.7b | €1.1b | €30.6m | 22.9x | 119.5x | 3.2x |
| Sat, 01 Jun 2024 | €3.7b | €1.1b | €27.4m | 23.4x | 136.1x | 3.3x |
| Mon, 29 Apr 2024 | €3.5b | €1.1b | €31.3m | 20.7x | 110.4x | 3x |
| Wed, 27 Mar 2024 | €3.4b | €1.1b | €21.9m | 20.2x | 156.2x | 3x |
| Fri, 23 Feb 2024 | €3.5b | €1.1b | €24.0m | 24.8x | 145.5x | 3.1x |
| Sun, 21 Jan 2024 | €3.8b | €1.3b | €12.8m | 13.6x | 297x | 2.9x |
| Tue, 19 Dec 2023 | €3.7b | €1.3b | €13.6m | 13.1x | 275.7x | 2.9x |
| Thu, 16 Nov 2023 | €3.6b | €1.3b | €16.9m | 11.6x | 212.6x | 2.8x |
| Sat, 14 Oct 2023 | €3.2b | €1.3b | €20.4m | 17.6x | 154.8x | 2.5x |
| Mon, 11 Sep 2023 | €3.5b | €1.3b | €21.4m | 17.9x | 163.3x | 2.7x |
| Wed, 09 Aug 2023 | €3.7b | €1.3b | €23.6m | 22.5x | 155.9x | 2.9x |
| Fri, 07 Jul 2023 | €4.0b | €1.2b | €21.2m | 23.9x | 187.3x | 3.2x |
| Sun, 04 Jun 2023 | €4.4b | €1.2b | €21.2m | 25.5x | 209x | 3.6x |
| Tue, 02 May 2023 | €4.5b | €1.1b | €24.2m | 27.8x | 185.2x | 4.1x |
| Thu, 30 Mar 2023 | €4.1b | €1.2b | €21.8m | 28.3x | 188.6x | 3.3x |
| Sat, 25 Feb 2023 | €4.2b | €1.2b | €22.5m | 28.8x | 187.4x | 3.5x |
| Mon, 23 Jan 2023 | €3.7b | €1.4b | €38.5m | 40.3x | 96.6x | 2.7x |
Price to Earnings Ratio
96.6x
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 63.5x which is lower than its 3-year average PE of 115x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.4x.
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 9.4% 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 | 2.62% | |
| Tech | 4.21% | |
| Software | 5.21% | |
| Systems Software | 8.22% | |
| Application Software | -1.93% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 102x.
- Analysts are expecting annual earnings growth of 44.7%, 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 77.6x.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 45% 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 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BITTI Bittium Oyj | €36.30 | 13.4% +€152.7m | 445.0% | PE199.4x | |
| SSH1V SSH Communications Security Oyj | €3.47 | 26.2% +€39.3m | 235.3% | PS8.2x | |
| ADMCM Admicom Oyj | €44.20 | 2.7% +€5.8m | -9.2% | PE46x | |
| FSECURE F-Secure Oyj | €1.95 | 0.4% +€1.4m | 8.9% | PE16.5x | |
| VINCIT Vincit Oyj | €1.29 | 2.0% +€417.3k | -25.5% | PS0.3x |