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Finnish (OMX) Software Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies13
  • 7D-0.3%
  • 3M-13.3%
  • 1Y-7.5%
  • YTD-5.6%

Over the last 7 days, the Software industry has risen 4.7%, driven by gains from Qt Group Oyj of 9.2%. Meanwhile, Bittium Oyj actually underperformed within the industry, shrinking 7.3% in the last week. The industry has been flat over the past 12 months despite the gain this week. Looking forward, 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
Tue, 21 Apr 2026€2.8b€968.4m€90.3m18.1x30.9x2.9x
Thu, 19 Mar 2026€2.7b€968.1m€90.0m17.6x30.4x2.8x
Sat, 14 Feb 2026€2.7b€907.8m€67.0m19.9x41x3x
Mon, 12 Jan 2026€3.3b€1.0b€54.9m25.7x60.6x3.2x
Wed, 10 Dec 2025€2.9b€1.0b€54.9m24.9x53.1x2.8x
Fri, 07 Nov 2025€2.9b€1.0b€61.2m27x46.9x2.8x
Sun, 05 Oct 2025€3.1b€1.0b€63.4m28.8x49.5x3x
Tue, 02 Sep 2025€2.9b€1.0b€63.6m30.3x46.1x2.8x
Thu, 31 Jul 2025€3.1b€1.0b€72.3m39.4x42.9x3x
Sat, 28 Jun 2025€2.9b€1.0b€75.0m34.6x39.3x2.8x
Mon, 26 May 2025€2.9b€1.0b€75.0m29.7x38.3x2.8x
Wed, 23 Apr 2025€3.2b€1.1b€78.9m37.9x40.5x2.9x
Fri, 21 Mar 2025€3.5b€1.1b€79.3m40.6x44.2x3.1x
Sun, 16 Feb 2025€3.7b€1.1b€79.6m30.9x46.2x3.3x
Tue, 14 Jan 2025€3.1b€1.1b€40.8m34.8x77.1x2.8x
Thu, 12 Dec 2024€3.2b€1.1b€40.8m36.2x78.4x2.8x
Sat, 09 Nov 2024€3.1b€1.1b€39.2m29.6x79.3x2.7x
Mon, 07 Oct 2024€3.8b€1.1b€40.7m29.2x94.1x3.4x
Wed, 04 Sep 2024€3.9b€1.1b€41.4m28.9x93.2x3.4x
Fri, 02 Aug 2024€3.8b€1.1b€32.1m26.8x117.2x3.3x
Sun, 30 Jun 2024€3.6b€1.1b€30.6m23.5x118.3x3.2x
Tue, 28 May 2024€3.7b€1.1b€27.4m22.7x136.1x3.3x
Thu, 25 Apr 2024€3.4b€1.1b€22.7m21x149.4x3x
Sat, 23 Mar 2024€3.4b€1.1b€21.9m20.7x154x3x
Mon, 19 Feb 2024€3.5b€1.1b€27.7m22.7x126.9x3.1x
Wed, 17 Jan 2024€3.8b€1.3b€13.6m13.9x278.7x2.9x
Fri, 15 Dec 2023€3.7b€1.3b€13.6m13x273.1x2.8x
Sun, 12 Nov 2023€3.5b€1.3b€16.9m11.4x208.2x2.7x
Tue, 10 Oct 2023€3.2b€1.3b€20.4m18x156x2.5x
Thu, 07 Sep 2023€3.5b€1.3b€21.4m18.1x166.1x2.8x
Sat, 05 Aug 2023€3.8b€1.3b€26.9m23.7x140.6x3x
Mon, 03 Jul 2023€4.2b€1.2b€21.2m24.7x198.6x3.4x
Wed, 31 May 2023€4.5b€1.2b€23.7m26x189.6x3.6x
Fri, 28 Apr 2023€4.4b€1.2b€24.7m29.2x177.2x3.5x
Price to Earnings Ratio

177.2x


Total Market Cap: €4.4bTotal Earnings: €24.7mTotal Revenue: €1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Software Industry Price to Earnings3Y Average 108.1x202420252026
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 32.4x which is lower than its 3-year average PE of 108x.
  • 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 54% per year over the last three years.
  • Meanwhile revenues for these companies have declined 7.8% 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 Market0.25%
Tech3.41%
Software-0.35%
Application Software6.79%
Systems Software-2.73%
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 93.7x.
    • Analysts are expecting annual earnings growth of 23.8%, 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 66.0x.
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
QTCOM Qt Group Oyj€20.829.2%
+€44.4m
-69.7%PE16.6x
FSECURE F-Secure Oyj€1.745.3%
+€15.4m
-5.2%PE13.6x
SSH1V SSH Communications Security Oyj€2.3910.9%
+€12.8m
101.3%PS6x
ADMCM Admicom Oyj€31.507.5%
+€10.9m
-32.9%PE28x
LOIHDE Loihde Oyj€14.153.3%
+€2.6m
11.0%PE34.9x

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