Finnish (OMX) Application Software Industry Analysis

UpdatedMar 20, 2026

DataAggregated Company Financials

Companies7

7D-1.2%
3M-31.1%
1Y-69.3%
YTDn/a

Last week, the Application Software industry hasn't moved much but LeadDesk Oyj is up 3.9% in that time. Unfortunately though, the industry is down 69% over the past 12 months. 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
Fri, 20 Mar 2026	€706.0m	€469.3m	€37.8m	12.4x	18.7x	1.5x
Sun, 15 Feb 2026	€811.9m	€439.9m	€40.7m	15.3x	19.9x	1.8x
Tue, 13 Jan 2026	€979.5m	€440.0m	€41.5m	19.6x	23.6x	2.2x
Thu, 11 Dec 2025	€973.6m	€440.0m	€41.5m	19.5x	23.5x	2.2x
Sat, 08 Nov 2025	€1.0b	€441.4m	€47.8m	17.8x	21.3x	2.3x
Mon, 06 Oct 2025	€1.4b	€447.0m	€49.2m	25.4x	28.1x	3.1x
Wed, 03 Sep 2025	€1.3b	€442.9m	€49.3m	24.6x	27.3x	3x
Fri, 01 Aug 2025	€1.7b	€459.5m	€57.1m	38.5x	30.5x	3.8x
Sun, 29 Jun 2025	€1.6b	€463.8m	€57.9m	38.1x	28.3x	3.5x
Tue, 27 May 2025	€1.7b	€463.8m	€57.9m	37.8x	28.7x	3.6x
Thu, 24 Apr 2025	€2.0b	€543.9m	€62.2m	48.5x	32.7x	3.7x
Sat, 22 Mar 2025	€2.3b	€543.9m	€62.2m	48.5x	36.5x	4.2x
Mon, 17 Feb 2025	€2.5b	€552.4m	€65.7m	29.9x	38.1x	4.5x
Wed, 15 Jan 2025	€2.1b	€544.3m	€45.9m	30x	45x	3.8x
Fri, 13 Dec 2024	€2.0b	€544.3m	€45.9m	29.4x	43.7x	3.7x
Sun, 10 Nov 2024	€1.9b	€543.4m	€44.4m	25x	44x	3.6x
Tue, 08 Oct 2024	€2.5b	€546.9m	€39.9m	24.3x	62.5x	4.6x
Thu, 05 Sep 2024	€2.6b	€546.9m	€39.9m	24.6x	64.3x	4.7x
Sat, 03 Aug 2024	€2.3b	€562.8m	€38.7m	24.5x	59.8x	4.1x
Mon, 01 Jul 2024	€2.3b	€566.3m	€39.3m	31.6x	59.2x	4.1x
Wed, 29 May 2024	€2.5b	€561.2m	€36.0m	35.7x	68.2x	4.4x
Fri, 26 Apr 2024	€2.1b	€568.5m	€38.7m	30.4x	54.3x	3.7x
Sun, 24 Mar 2024	€2.3b	€568.0m	€38.1m	33.4x	59.3x	4x
Tue, 20 Feb 2024	€2.4b	€569.1m	€40.4m	35x	58.3x	4.1x
Thu, 18 Jan 2024	€2.6b	€753.4m	€21.0m	11.5x	121.8x	3.4x
Sat, 16 Dec 2023	€2.6b	€753.4m	€21.0m	11.6x	124.2x	3.5x
Mon, 13 Nov 2023	€2.5b	€753.4m	€21.0m	10.8x	117.5x	3.3x
Wed, 11 Oct 2023	€2.3b	€733.5m	€19.9m	11.6x	113.6x	3.1x
Fri, 08 Sep 2023	€2.4b	€733.5m	€19.9m	12x	121.4x	3.3x
Sun, 06 Aug 2023	€2.6b	€733.6m	€17.3m	12.2x	150.9x	3.6x
Tue, 04 Jul 2023	€2.9b	€714.8m	€18.3m	12.4x	157.4x	4x
Thu, 01 Jun 2023	€3.2b	€714.8m	€18.3m	12.5x	172.4x	4.4x
Sat, 29 Apr 2023	€3.0b	€708.7m	€18.2m	13x	166.6x	4.3x
Mon, 27 Mar 2023	€2.6b	€703.4m	€17.3m	13.1x	152.6x	3.7x

Price to Earnings Ratio

152.6x

Mon, 27 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 19.0x which is lower than its 3-year average PE of 70.2x.

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.