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Finnish (OMX) Software Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies12
  • 7D-6.3%
  • 3M12.7%
  • 1Y-20.7%
  • YTD-3.7%

Over the last 7 days, the Software industry has dropped 6.3%, driven by Bittium Oyj declining 7.1%. On the other hand Loihde Oyj is actually up 9.6%. The industry has fallen 21% in the last year. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026€2.8b€909.3m€76.6m25.7x36.3x3.1x
Fri, 16 Jan 2026€3.5b€1.0b€54.9m24.1x63.3x3.4x
Sun, 14 Dec 2025€2.9b€1.0b€54.9m25.2x52.9x2.8x
Tue, 11 Nov 2025€2.9b€1.0b€61.2m26.6x46.9x2.8x
Thu, 09 Oct 2025€3.1b€1.0b€63.4m30.1x49.2x3x
Sat, 06 Sep 2025€2.9b€1.0b€63.4m30.4x45.3x2.8x
Mon, 04 Aug 2025€3.0b€1.0b€72.3m38x41.9x2.9x
Wed, 02 Jul 2025€3.0b€1.0b€75.0m35x39.5x2.8x
Fri, 30 May 2025€3.0b€1.0b€75.0m31.5x39.8x2.9x
Sun, 27 Apr 2025€2.9b€1.1b€75.5m37.6x38.8x2.6x
Tue, 25 Mar 2025€3.5b€1.1b€79.3m40.9x44.3x3.1x
Thu, 20 Feb 2025€3.8b€1.1b€79.9m31.9x47.1x3.4x
Sat, 18 Jan 2025€3.4b€1.1b€40.8m34.2x82.6x3x
Mon, 16 Dec 2024€3.2b€1.1b€40.8m35.4x77.7x2.8x
Wed, 13 Nov 2024€3.1b€1.1b€39.2m26.7x78.6x2.7x
Fri, 11 Oct 2024€3.7b€1.1b€37.7m33x98.8x3.5x
Sun, 08 Sep 2024€3.8b€1.1b€41.4m28.7x91x3.3x
Tue, 06 Aug 2024€3.6b€1.1b€32.3m26.4x110.2x3.1x
Thu, 04 Jul 2024€3.7b€1.1b€30.6m22.9x119.5x3.2x
Sat, 01 Jun 2024€3.7b€1.1b€27.4m23.4x136.1x3.3x
Mon, 29 Apr 2024€3.5b€1.1b€31.3m20.7x110.4x3x
Wed, 27 Mar 2024€3.4b€1.1b€21.9m20.2x156.2x3x
Fri, 23 Feb 2024€3.5b€1.1b€24.0m24.8x145.5x3.1x
Sun, 21 Jan 2024€3.8b€1.3b€12.8m13.6x297x2.9x
Tue, 19 Dec 2023€3.7b€1.3b€13.6m13.1x275.7x2.9x
Thu, 16 Nov 2023€3.6b€1.3b€16.9m11.6x212.6x2.8x
Sat, 14 Oct 2023€3.2b€1.3b€20.4m17.6x154.8x2.5x
Mon, 11 Sep 2023€3.5b€1.3b€21.4m17.9x163.3x2.7x
Wed, 09 Aug 2023€3.7b€1.3b€23.6m22.5x155.9x2.9x
Fri, 07 Jul 2023€4.0b€1.2b€21.2m23.9x187.3x3.2x
Sun, 04 Jun 2023€4.4b€1.2b€21.2m25.5x209x3.6x
Tue, 02 May 2023€4.5b€1.1b€24.2m27.8x185.2x4.1x
Thu, 30 Mar 2023€4.1b€1.2b€21.8m28.3x188.6x3.3x
Sat, 25 Feb 2023€4.2b€1.2b€22.5m28.8x187.4x3.5x
Price to Earnings Ratio

187.4x


Total Market Cap: €4.2bTotal Earnings: €22.5mTotal Revenue: €1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Software Industry Price to Earnings3Y Average 120.4x202420252026
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 36.3x which is lower than its 3-year average PE of 120x.
  • 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 50% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.8% 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 Market0.12%
Tech0.71%
Software-6.31%
Systems Software-6.28%
Application Software-6.37%
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 105x.
    • Analysts are expecting annual earnings growth of 35.8%, which is higher than its past year's earnings decline of 1.1% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading below its 3-year average of 73.7x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 1.1% 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
LOIHDE Loihde Oyj€12.609.6%
+€6.4m
2.0%PE31.1x
VINCIT Vincit Oyj€1.3912.6%
+€2.6m
-22.8%PS0.3x
LEMON Lemonsoft Oyj€5.101.2%
+€935.2k
-17.1%PE20.4x
WITH WithSecure Oyj€1.720.2%
+€698.8k
102.4%PS2.5x
TEM1V Tecnotree Oyj€5.640.7%
+€680.7k
34.3%PE14.7x

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