The Returns On Capital At Tecnotree Oyj (HEL:TEM1V) Don't Inspire Confidence
Jan 28
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Finnish (OMX) Application Software Industry Analysis
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies6
- 7D0.7%
- 3M-11.3%
- 1Y-56.3%
- YTDn/a
The Application Software is pretty flat in the last 7 days, but Tecnotree Oyj has stood out, gaining 37%. As for the longer term, the industry has declined 56% in the last year. Looking forward, earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | €941.6m | €440.0m | €41.5m | 18.2x | 22.7x | 2.1x |
| Sat, 27 Dec 2025 | €964.5m | €440.0m | €41.5m | 19.5x | 23.2x | 2.2x |
| Mon, 24 Nov 2025 | €947.9m | €441.4m | €47.8m | 16.4x | 19.8x | 2.1x |
| Wed, 22 Oct 2025 | €1.2b | €447.0m | €49.2m | 20.9x | 23.8x | 2.6x |
| Fri, 19 Sep 2025 | €1.4b | €447.0m | €49.2m | 25.1x | 27.8x | 3.1x |
| Sun, 17 Aug 2025 | €1.4b | €456.1m | €49.4m | 36.9x | 27.8x | 3x |
| Tue, 15 Jul 2025 | €1.8b | €463.8m | €57.9m | 38.6x | 30.3x | 3.8x |
| Thu, 12 Jun 2025 | €1.7b | €463.8m | €57.9m | 38.3x | 29x | 3.6x |
| Sat, 10 May 2025 | €1.6b | €463.8m | €57.9m | 37.3x | 28x | 3.5x |
| Mon, 07 Apr 2025 | €2.0b | €543.9m | €62.2m | 48.1x | 32.5x | 3.7x |
| Wed, 05 Mar 2025 | €2.3b | €544.0m | €62.1m | 48.5x | 36.9x | 4.2x |
| Fri, 31 Jan 2025 | €2.2b | €544.3m | €45.9m | 30.3x | 48.7x | 4.1x |
| Sun, 29 Dec 2024 | €1.9b | €544.3m | €45.9m | 28.7x | 42.3x | 3.6x |
| Tue, 26 Nov 2024 | €2.0b | €547.6m | €46.5m | 29.2x | 42.8x | 3.6x |
| Thu, 24 Oct 2024 | €2.4b | €546.9m | €39.9m | 25.3x | 60.7x | 4.4x |
| Sat, 21 Sep 2024 | €2.5b | €546.9m | €39.9m | 24.3x | 63.2x | 4.6x |
| Mon, 19 Aug 2024 | €2.6b | €546.8m | €44.1m | 24.1x | 58.8x | 4.7x |
| Wed, 17 Jul 2024 | €2.3b | €566.3m | €39.3m | 31.4x | 59x | 4.1x |
| Fri, 14 Jun 2024 | €2.6b | €566.3m | €39.3m | 35x | 66.4x | 4.6x |
| Sun, 12 May 2024 | €2.3b | €561.2m | €36.0m | 33.4x | 63.4x | 4.1x |
| Tue, 09 Apr 2024 | €2.3b | €568.0m | €38.1m | 33.5x | 60.1x | 4x |
| Thu, 07 Mar 2024 | €2.3b | €568.0m | €38.1m | 34.7x | 60.8x | 4.1x |
| Sat, 03 Feb 2024 | €2.7b | €753.4m | €21.0m | 12.1x | 128.3x | 3.6x |
| Mon, 01 Jan 2024 | €2.6b | €753.4m | €21.0m | 11.6x | 122.5x | 3.4x |
| Wed, 29 Nov 2023 | €2.5b | €753.4m | €21.0m | 11x | 118x | 3.3x |
| Fri, 27 Oct 2023 | €2.1b | €742.9m | €19.0m | 10.4x | 112.6x | 2.9x |
| Sun, 24 Sep 2023 | €2.3b | €733.5m | €19.9m | 12.1x | 115x | 3.1x |
| Tue, 22 Aug 2023 | €2.4b | €737.2m | €16.1m | 11.9x | 148.9x | 3.3x |
| Thu, 20 Jul 2023 | €2.8b | €715.0m | €18.4m | 11.9x | 153.2x | 3.9x |
| Sat, 17 Jun 2023 | €3.2b | €714.8m | €18.3m | 12.7x | 176.3x | 4.5x |
| Mon, 15 May 2023 | €3.1b | €714.8m | €18.3m | 12.9x | 169.8x | 4.3x |
| Wed, 12 Apr 2023 | €2.8b | €703.3m | €17.2m | 14.7x | 162.7x | 4x |
| Fri, 10 Mar 2023 | €2.9b | €703.4m | €17.3m | 13.6x | 165.6x | 4.1x |
| Sun, 05 Feb 2023 | €2.6b | €663.1m | €15.8m | 28.7x | 167.4x | 4x |
Price to Earnings Ratio
167.4x
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 22.7x which is lower than its 3-year average PE of 76.1x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 38% 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 | 1.52% | |
| Tech | 2.48% | |
| Software | 1.17% | |
| Application Software | 0.73% | |
| Systems Software | 1.35% | |
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 | |
|---|---|---|---|---|---|
| TEM1V Tecnotree Oyj | €5.58 | 40.9% +€27.6m | 52.2% | PE14.6x | |
| SOLTEQ Solteq Oyj | €0.44 | 9.2% +€717.7k | -30.7% | PS0.2x | |
| QPR1V QPR Software Oyj | €0.90 | 0.4% +€78.6k | -21.2% | PS2.8x |