A Look At The Intrinsic Value Of Lemonsoft Oyj (HEL:LEMON)
Jan 29
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Finnish (OMX) Software Industry Analysis
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies12
- 7D1.2%
- 3M22.8%
- 1Y-0.2%
- YTD11.0%
The Software industry is up 1.2% in the last week, with Bittium Oyj up 2.4%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 34% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | €3.2b | €909.1m | €65.2m | 20.6x | 49.3x | 3.5x |
| Sat, 27 Dec 2025 | €3.1b | €1.0b | €54.9m | 23.9x | 56.4x | 3x |
| Mon, 24 Nov 2025 | €2.8b | €1.0b | €61.2m | 24.5x | 45.5x | 2.7x |
| Wed, 22 Oct 2025 | €2.8b | €1.0b | €63.4m | 29.8x | 44.5x | 2.7x |
| Fri, 19 Sep 2025 | €3.0b | €1.0b | €63.4m | 30.3x | 47.7x | 2.9x |
| Sun, 17 Aug 2025 | €2.9b | €1.0b | €63.7m | 40.4x | 45.8x | 2.8x |
| Tue, 15 Jul 2025 | €3.1b | €1.0b | €74.3m | 36.2x | 41.6x | 3x |
| Thu, 12 Jun 2025 | €3.0b | €1.0b | €75.0m | 34x | 39.6x | 2.9x |
| Sat, 10 May 2025 | €2.9b | €1.0b | €75.0m | 29.3x | 38.3x | 2.8x |
| Mon, 07 Apr 2025 | €3.2b | €1.1b | €79.3m | 35.6x | 40.1x | 2.8x |
| Wed, 05 Mar 2025 | €3.5b | €1.1b | €79.3m | 40.3x | 44.3x | 3.1x |
| Fri, 31 Jan 2025 | €3.3b | €1.1b | €36.2m | 38x | 91.8x | 3x |
| Sun, 29 Dec 2024 | €3.1b | €1.1b | €40.8m | 35.5x | 75.2x | 2.7x |
| Tue, 26 Nov 2024 | €3.2b | €1.1b | €41.4m | 33.2x | 76.4x | 2.8x |
| Thu, 24 Oct 2024 | €3.6b | €1.1b | €33.5m | 30.4x | 108.4x | 3.2x |
| Sat, 21 Sep 2024 | €3.8b | €1.1b | €40.7m | 28.5x | 92.4x | 3.3x |
| Mon, 19 Aug 2024 | €3.9b | €1.1b | €43.2m | 28x | 90.4x | 3.4x |
| Wed, 17 Jul 2024 | €3.6b | €1.1b | €30.6m | 27.5x | 119.1x | 3.2x |
| Fri, 14 Jun 2024 | €3.9b | €1.1b | €30.6m | 22.4x | 127.3x | 3.4x |
| Sun, 12 May 2024 | €3.5b | €1.1b | €27.4m | 21.1x | 127.6x | 3.1x |
| Tue, 09 Apr 2024 | €3.5b | €1.1b | €21.9m | 20.9x | 159.9x | 3.1x |
| Thu, 07 Mar 2024 | €3.4b | €1.1b | €21.9m | 22.5x | 157.3x | 3x |
| Sat, 03 Feb 2024 | €3.9b | €1.3b | €12.8m | 13.2x | 301.4x | 3x |
| Mon, 01 Jan 2024 | €3.7b | €1.3b | €13.6m | 13.6x | 275.3x | 2.9x |
| Wed, 29 Nov 2023 | €3.6b | €1.3b | €16.9m | 11.6x | 211.5x | 2.8x |
| Fri, 27 Oct 2023 | €3.1b | €1.3b | €14.6m | 18.6x | 213.6x | 2.4x |
| Sun, 24 Sep 2023 | €3.3b | €1.3b | €21.4m | 16.8x | 154.7x | 2.6x |
| Tue, 22 Aug 2023 | €3.5b | €1.3b | €22.7m | 22x | 156x | 2.8x |
| Thu, 20 Jul 2023 | €4.0b | €1.2b | €26.9m | 23.9x | 148.4x | 3.2x |
| Sat, 17 Jun 2023 | €4.6b | €1.2b | €21.2m | 25x | 214.3x | 3.7x |
| Mon, 15 May 2023 | €4.6b | €1.2b | €23.7m | 28.1x | 191.8x | 3.7x |
| Wed, 12 Apr 2023 | €4.3b | €1.2b | €21.8m | 27.4x | 198.9x | 3.5x |
| Fri, 10 Mar 2023 | €4.4b | €1.2b | €21.9m | 27.3x | 201.6x | 3.6x |
| Sun, 05 Feb 2023 | €4.1b | €1.4b | €38.1m | 40.6x | 108.1x | 2.9x |
Price to Earnings Ratio
108.1x
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 49.3x 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 3.5x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 20% per year over the last three years.
- Meanwhile revenues for these companies have declined 14% 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 | 1.52% | |
| Tech | 2.48% | |
| Software | 1.17% | |
| Systems Software | 1.35% | |
| Application Software | 0.73% | |
Industry PE
- Investors are most optimistic about the Systems Software industry, which is trading close to its 3-year average PE ratio of 103x.
- Analysts are expecting annual earnings growth of 38.8%, 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 76.1x.
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 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 | |
|---|---|---|---|---|---|
| TEM1V Tecnotree Oyj | €5.58 | 40.9% +€27.6m | 52.2% | PE14.6x | |
| FSECURE F-Secure Oyj | €1.91 | 1.0% +€3.1m | 2.8% | PE16.2x | |
| SOLTEQ Solteq Oyj | €0.44 | 9.2% +€717.7k | -30.7% | PS0.2x | |
| WITH WithSecure Oyj | €1.72 | 0.2% +€698.8k | 102.4% | PS2.5x | |
| QPR1V QPR Software Oyj | €0.90 | 0.4% +€78.6k | -21.2% | PS2.8x |
