Header cover image

Finnish (OMX) Software Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies13
  • 7D3.8%
  • 3M-10.9%
  • 1Y-17.6%
  • YTD-8.9%

In the last week, the Software industry is up 3.8%, with Bittium Oyj up 8.8%. In contrast, the industry has lost 18% in the last 12 months. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026€2.7b€968.1m€90.0m17.1x29.9x2.8x
Fri, 27 Feb 2026€2.4b€933.9m€97.1m25x25.2x2.6x
Sun, 25 Jan 2026€3.5b€1.0b€55.4m22.5x63.9x3.4x
Tue, 23 Dec 2025€3.1b€1.0b€54.9m24.3x56.3x3x
Thu, 20 Nov 2025€2.8b€1.0b€61.2m24.3x45.2x2.7x
Sat, 18 Oct 2025€2.8b€1.0b€63.4m29.9x44.3x2.7x
Mon, 15 Sep 2025€2.9b€1.0b€63.4m28.4x45.4x2.8x
Wed, 13 Aug 2025€2.9b€1.0b€63.9m39.5x45x2.8x
Fri, 11 Jul 2025€3.1b€1.0b€75.0m35.3x41.9x3x
Sun, 08 Jun 2025€2.9b€1.0b€75.0m34.4x39x2.8x
Tue, 06 May 2025€2.9b€1.0b€75.0m30.2x38.7x2.8x
Thu, 03 Apr 2025€3.4b€1.1b€79.3m37.7x43.1x3.1x
Sat, 01 Mar 2025€3.6b€1.1b€82.0m33.3x43.6x3.2x
Mon, 27 Jan 2025€3.4b€1.1b€41.0m33.8x83.5x3x
Wed, 25 Dec 2024€3.0b€1.1b€40.8m35.1x74.7x2.7x
Fri, 22 Nov 2024€3.1b€1.1b€41.4m26.9x74.1x2.7x
Sun, 20 Oct 2024€3.7b€1.1b€37.7m32.8x98.4x3.5x
Tue, 17 Sep 2024€3.7b€1.1b€41.4m28.3x88.6x3.2x
Thu, 15 Aug 2024€3.9b€1.1b€43.2m28.8x89.7x3.4x
Sat, 13 Jul 2024€3.6b€1.1b€30.6m27.5x119x3.2x
Mon, 10 Jun 2024€3.8b€1.1b€30.6m23.3x124x3.3x
Wed, 08 May 2024€3.5b€1.1b€27.4m21.1x127.8x3.1x
Fri, 05 Apr 2024€3.4b€1.1b€21.9m19.8x155.1x3x
Sun, 03 Mar 2024€3.6b€1.1b€21.9m24.4x162x3.1x
Tue, 30 Jan 2024€3.9b€1.3b€12.8m13.7x304.8x3x
Thu, 28 Dec 2023€3.9b€1.3b€13.6m13.6x286.6x3x
Sat, 25 Nov 2023€3.6b€1.3b€16.9m11.7x211.5x2.8x
Mon, 23 Oct 2023€3.1b€1.3b€13.7m19.1x224.9x2.4x
Wed, 20 Sep 2023€3.3b€1.3b€21.4m17.1x153.8x2.6x
Fri, 18 Aug 2023€3.6b€1.3b€22.7m22.2x157.9x2.8x
Sun, 16 Jul 2023€4.0b€1.2b€26.9m23.9x148x3.2x
Tue, 13 Jun 2023€4.5b€1.2b€21.2m24.8x212.9x3.6x
Thu, 11 May 2023€4.6b€1.2b€23.7m27.5x193x3.7x
Sat, 08 Apr 2023€4.4b€1.2b€21.8m28x201x3.6x
Price to Earnings Ratio

201x


Total Market Cap: €4.4bTotal Earnings: €21.8mTotal Revenue: €1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Software Industry Price to Earnings3Y Average 111.2x202420252026
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 29.9x which is lower than its 3-year average PE of 111x.
  • 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 60% per year over the last three years.
  • Meanwhile revenues for these companies have declined 7.6% 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-0.31%
Tech-2.45%
Software3.80%
Systems Software4.77%
Application Software1.16%
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 99x.
    • Analysts are expecting annual earnings growth of 23.6%, 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 68.7x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 24% 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 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€36.508.8%
+€104.8m
365.6%PE60.9x
QTCOM Qt Group Oyj€18.943.0%
+€14.2m
-75.5%PE15.1x
SSH1V SSH Communications Security Oyj€2.111.4%
+€1.6m
94.5%PS5.3x
QPR1V QPR Software Oyj€0.6010.3%
+€1.1m
-41.2%PS2.1x
LOIHDE Loihde Oyj€12.650.8%
+€576.4k
4.5%PE31.2x

Latest News