Finnish (OMX) Software Industry Analysis

UpdatedFeb 12, 2026

DataAggregated Company Financials

Companies12

7D-7.0%
3M10.6%
1Y-11.3%
YTD-2.0%

Over the last 7 days, the Software industry has dropped 7.0%, driven by Bittium Oyj declining 9.2%. Overall the industry is down 11% in 12 months. As for the next few years, earnings are expected to grow by 33% 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
Thu, 12 Feb 2026	€2.8b	€907.8m	€67.0m	20.1x	42.3x	3.1x
Sat, 10 Jan 2026	€3.3b	€1.0b	€54.9m	25.7x	60.6x	3.2x
Mon, 08 Dec 2025	€2.8b	€1.0b	€54.9m	24.3x	51.7x	2.8x
Wed, 05 Nov 2025	€2.9b	€1.0b	€61.2m	27.5x	46.9x	2.8x
Fri, 03 Oct 2025	€3.1b	€1.0b	€63.4m	29.5x	49x	3x
Sun, 31 Aug 2025	€2.9b	€1.0b	€63.6m	29.1x	45.4x	2.8x
Tue, 29 Jul 2025	€3.1b	€1.0b	€72.3m	38.9x	43.2x	3x
Thu, 26 Jun 2025	€2.9b	€1.0b	€75.0m	34.1x	38.2x	2.8x
Sat, 24 May 2025	€2.9b	€1.0b	€75.0m	29.7x	38.3x	2.8x
Mon, 21 Apr 2025	€3.2b	€1.1b	€78.9m	38.3x	40.5x	2.9x
Wed, 19 Mar 2025	€3.5b	€1.1b	€79.3m	41.4x	44.5x	3.2x
Fri, 14 Feb 2025	€3.7b	€1.1b	€67.0m	38x	55.3x	3.4x
Sun, 12 Jan 2025	€3.2b	€1.1b	€40.8m	35.2x	77.5x	2.8x
Tue, 10 Dec 2024	€3.2b	€1.1b	€40.8m	34.9x	79.4x	2.9x
Thu, 07 Nov 2024	€3.1b	€1.1b	€39.2m	28.5x	78.9x	2.7x
Sat, 05 Oct 2024	€3.8b	€1.1b	€40.7m	29.2x	94.1x	3.4x
Mon, 02 Sep 2024	€4.0b	€1.1b	€41.4m	28x	95.7x	3.5x
Wed, 31 Jul 2024	€3.8b	€1.1b	€32.1m	27x	116.8x	3.3x
Fri, 28 Jun 2024	€3.8b	€1.1b	€30.6m	21.4x	123.2x	3.3x
Sun, 26 May 2024	€3.8b	€1.1b	€27.4m	23.1x	138.6x	3.3x
Tue, 23 Apr 2024	€3.3b	€1.1b	€22.2m	20.6x	148.9x	2.9x
Thu, 21 Mar 2024	€3.3b	€1.1b	€21.9m	20.4x	151x	2.9x
Sat, 17 Feb 2024	€3.5b	€1.1b	€23.0m	22.7x	153.1x	3.1x
Mon, 15 Jan 2024	€3.8b	€1.3b	€13.6m	13.9x	279.1x	2.9x
Wed, 13 Dec 2023	€3.6b	€1.3b	€13.6m	12.5x	262.7x	2.7x
Fri, 10 Nov 2023	€3.5b	€1.3b	€16.9m	11.9x	208.5x	2.7x
Sun, 08 Oct 2023	€3.2b	€1.3b	€20.4m	18.3x	157.4x	2.5x
Tue, 05 Sep 2023	€3.6b	€1.3b	€21.4m	18.7x	168.2x	2.8x
Thu, 03 Aug 2023	€4.0b	€1.3b	€29.2m	24.2x	137.9x	3.2x
Sat, 01 Jul 2023	€4.2b	€1.2b	€21.2m	24.7x	198.6x	3.4x
Mon, 29 May 2023	€4.6b	€1.2b	€23.7m	26.1x	192.6x	3.7x
Wed, 26 Apr 2023	€4.4b	€1.2b	€24.5m	29.1x	178.9x	3.6x
Fri, 24 Mar 2023	€4.1b	€1.2b	€21.9m	27x	188x	3.3x
Sun, 19 Feb 2023	€4.3b	€1.3b	€4.4m	43x	980.3x	3.3x

Price to Earnings Ratio

980.3x

Sun, 19 Feb 2023

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 42.3x which is lower than its 3-year average PE of 112x.

The industry is trading close to its 3-year average PS ratio of 3.1x.

Past Earnings Growth

The earnings for companies in the Software industry have grown 147% per year over the last three years.
Meanwhile revenues for these companies have declined 12% 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	0.45%
Tech	3.40%
Software	-7.00%
Application Software	-4.40%
Systems Software	-8.01%

Industry PE

Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 104x.

Analysts are expecting annual earnings growth of 39.5%, 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 74.4x.

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 1.1% per year.