Finnish (OMX) Application Software Industry Analysis

UpdatedMar 28, 2026

DataAggregated Company Financials

Companies7

7D-1.6%
3M-33.9%
1Y-69.2%
YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.6%, driven by a pullback from Qt Group Oyj of 1.2%. In contrast, Easor Oyj has gained 12%. The industry has fallen 69% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 28 Mar 2026	€687.2m	€469.3m	€37.8m	11.9x	18.2x	1.5x
Mon, 23 Feb 2026	€840.2m	€435.1m	€43.5m	19.6x	19.3x	1.9x
Wed, 21 Jan 2026	€920.5m	€440.0m	€41.5m	18.3x	22.2x	2.1x
Fri, 19 Dec 2025	€957.7m	€440.0m	€41.5m	19.3x	23.1x	2.2x
Sun, 16 Nov 2025	€989.1m	€441.4m	€47.8m	17.1x	20.7x	2.2x
Tue, 14 Oct 2025	€1.3b	€447.0m	€49.2m	23.7x	26.5x	2.9x
Thu, 11 Sep 2025	€1.3b	€447.0m	€49.2m	24.4x	27x	3x
Sat, 09 Aug 2025	€1.4b	€456.1m	€49.4m	36.8x	27.4x	3x
Mon, 07 Jul 2025	€1.7b	€463.8m	€57.9m	38.6x	30.2x	3.8x
Wed, 04 Jun 2025	€1.6b	€463.8m	€57.9m	37.5x	28.1x	3.5x
Fri, 02 May 2025	€1.6b	€463.9m	€57.9m	37.3x	28.3x	3.5x
Sun, 30 Mar 2025	€2.2b	€543.9m	€62.2m	48.5x	35.3x	4x
Tue, 25 Feb 2025	€2.5b	€550.7m	€67.7m	29.6x	36.6x	4.5x
Thu, 23 Jan 2025	€2.2b	€544.3m	€45.9m	30.2x	47.5x	4x
Sat, 21 Dec 2024	€1.9b	€544.3m	€45.9m	28.5x	41.6x	3.5x
Mon, 18 Nov 2024	€2.0b	€543.4m	€44.4m	23.1x	44.2x	3.6x
Wed, 16 Oct 2024	€2.5b	€465.9m	€36.9m	29.5x	66.9x	5.3x
Fri, 13 Sep 2024	€2.5b	€546.9m	€39.9m	24.3x	62.6x	4.6x
Sun, 11 Aug 2024	€2.6b	€571.5m	€42.8m	24.6x	61.1x	4.6x
Tue, 09 Jul 2024	€2.4b	€566.3m	€39.3m	32.3x	60.7x	4.2x
Thu, 06 Jun 2024	€2.5b	€561.2m	€36.0m	36.3x	69.4x	4.5x
Sat, 04 May 2024	€2.2b	€561.2m	€36.0m	32.7x	62.3x	4x
Mon, 01 Apr 2024	€2.3b	€568.0m	€38.1m	34.3x	60.6x	4.1x
Wed, 28 Feb 2024	€2.4b	€567.5m	€38.4m	35x	61.4x	4.2x
Fri, 26 Jan 2024	€2.7b	€753.4m	€21.0m	12x	128.4x	3.6x
Sun, 24 Dec 2023	€2.7b	€753.4m	€21.0m	11.6x	126.2x	3.5x
Tue, 21 Nov 2023	€2.5b	€753.4m	€21.0m	11x	120.1x	3.4x
Thu, 19 Oct 2023	€2.1b	€733.5m	€19.9m	11.2x	106.7x	2.9x
Sat, 16 Sep 2023	€2.4b	€733.5m	€19.9m	12.3x	118.3x	3.2x
Mon, 14 Aug 2023	€2.5b	€737.4m	€16.1m	12.6x	155.1x	3.4x
Wed, 12 Jul 2023	€2.8b	€714.8m	€18.3m	12.4x	151.9x	3.9x
Fri, 09 Jun 2023	€3.1b	€714.8m	€18.3m	12.6x	171.3x	4.4x
Sun, 07 May 2023	€3.1b	€714.8m	€18.3m	13.3x	169.9x	4.3x
Tue, 04 Apr 2023	€2.7b	€703.3m	€17.2m	13.5x	156.4x	3.8x

Price to Earnings Ratio

156.4x

Tue, 04 Apr 2023

Current Industry PE

Investors are pessimistic on the Finnish Application 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 18.2x which is lower than its 3-year average PE of 69.2x.

The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 1.5x.

Past Earnings Growth

The earnings for companies in the Application Software industry have grown 30% per year over the last three years.
Meanwhile revenues for these companies have declined 13% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.