Finnish (OMX) Application Software Industry Analysis

UpdatedMar 21, 2026

DataAggregated Company Financials

Companies7

7D-4.6%
3M-31.9%
1Y-69.6%
YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.2%, driven by Qt Group Oyj declining 7.0%. Overall the industry is down 69% in 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

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, 21 Mar 2026	€698.3m	€469.3m	€37.8m	12.3x	18.5x	1.5x
Mon, 16 Feb 2026	€811.9m	€438.9m	€40.3m	15.3x	20.2x	1.8x
Wed, 14 Jan 2026	€974.4m	€440.0m	€41.5m	19.5x	23.5x	2.2x
Fri, 12 Dec 2025	€969.9m	€440.0m	€41.5m	19.5x	23.4x	2.2x
Sun, 09 Nov 2025	€1.0b	€441.4m	€47.8m	17.8x	21.3x	2.3x
Tue, 07 Oct 2025	€1.4b	€447.0m	€49.2m	25.2x	28x	3.1x
Thu, 04 Sep 2025	€1.3b	€447.0m	€49.2m	24.5x	27.2x	3x
Sat, 02 Aug 2025	€1.7b	€459.5m	€57.1m	38.2x	29.4x	3.7x
Mon, 30 Jun 2025	€1.6b	€463.8m	€57.9m	38.1x	28.3x	3.5x
Wed, 28 May 2025	€1.7b	€463.8m	€57.9m	38.3x	29.6x	3.7x
Fri, 25 Apr 2025	€1.7b	€543.9m	€62.2m	48.5x	27.1x	3.1x
Sun, 23 Mar 2025	€2.3b	€543.9m	€62.2m	48.5x	36.5x	4.2x
Tue, 18 Feb 2025	€2.5b	€552.4m	€65.7m	30.2x	38.7x	4.6x
Thu, 16 Jan 2025	€2.1b	€544.3m	€45.9m	30.1x	45.8x	3.9x
Sat, 14 Dec 2024	€2.0b	€544.3m	€45.9m	29.5x	43.5x	3.7x
Mon, 11 Nov 2024	€1.9b	€543.4m	€44.4m	25x	44x	3.6x
Wed, 09 Oct 2024	€2.5b	€546.9m	€39.9m	24.8x	61.7x	4.5x
Fri, 06 Sep 2024	€2.5b	€546.9m	€39.9m	24.6x	63.6x	4.6x
Sun, 04 Aug 2024	€2.3b	€562.3m	€38.9m	24.5x	59.6x	4.1x
Tue, 02 Jul 2024	€2.4b	€566.3m	€39.3m	32.3x	60.7x	4.2x
Thu, 30 May 2024	€2.4b	€561.2m	€36.0m	35.6x	67.8x	4.4x
Sat, 27 Apr 2024	€2.2b	€569.3m	€38.5m	32.3x	58x	3.9x
Mon, 25 Mar 2024	€2.3b	€568.0m	€38.1m	33.4x	59.3x	4x
Wed, 21 Feb 2024	€2.4b	€569.1m	€40.4m	34.8x	58.3x	4.1x
Fri, 19 Jan 2024	€2.7b	€753.4m	€21.0m	11.3x	126.1x	3.5x
Sun, 17 Dec 2023	€2.6b	€753.4m	€21.0m	11.6x	124.2x	3.5x
Tue, 14 Nov 2023	€2.5b	€753.4m	€21.0m	10.7x	117.1x	3.3x
Thu, 12 Oct 2023	€2.2b	€733.5m	€19.9m	11.4x	112.2x	3x
Sat, 09 Sep 2023	€2.4b	€733.5m	€19.9m	12x	118.9x	3.2x
Mon, 07 Aug 2023	€2.6b	€733.6m	€17.3m	12.2x	150.9x	3.6x
Wed, 05 Jul 2023	€2.9b	€714.8m	€18.3m	12.8x	157.1x	4x
Fri, 02 Jun 2023	€3.2b	€714.8m	€18.3m	12.5x	173.9x	4.5x
Sun, 30 Apr 2023	€3.0b	€717.1m	€18.8m	13x	161.7x	4.2x
Tue, 28 Mar 2023	€2.7b	€701.3m	€19.1m	13.4x	138.9x	3.8x

Price to Earnings Ratio

138.9x

Tue, 28 Mar 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 18.7x which is lower than its 3-year average PE of 70.0x.

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 25% 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.

Industry Comparison

How does Finnish Application Software compare with similar industries?


FI Market	-1.98%
Tech	-3.52%
Software	0.026%
Application Software	-4.62%
Systems Software	1.81%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
LEADD LeadDesk Oyj	€5.00	3.5% +€989.6k	-24.2%	PS0.7x
QPR1V QPR Software Oyj	€0.58	7.0% +€747.1k	-45.1%	PS2x
VINCIT Vincit Oyj	€1.26	2.0% +€419.2k	-34.0%	PS0.3x