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Swedish (OMX) Software Industry Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies66
  • 7D-6.3%
  • 3M-19.3%
  • 1Y-49.9%
  • YTD-19.5%

Over the last 7 days, the Software industry has dropped 6.3%, driven by Sinch declining 20%. In contrast, Clavister Holding AB (publ.) has gained 22%. However, the industry is down 50% over the past year. Looking forward, earnings are forecast to grow by 45% annually.

Industry Valuation and Performance

Has the Swedish Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026SEK 57.4bSEK 48.0bSEK 2.0b21.4x28.8x1.2x
Fri, 16 Jan 2026SEK 68.0bSEK 48.0bSEK 2.2b27.1x31.2x1.4x
Sun, 14 Dec 2025SEK 73.9bSEK 48.1bSEK 2.2b27.1x33.2x1.5x
Tue, 11 Nov 2025SEK 75.4bSEK 49.0bSEK 2.3b27.2x32.8x1.5x
Thu, 09 Oct 2025SEK 93.0bSEK 49.9b-SEK 3,689,696,544.7032.6x-25.2x1.9x
Sat, 06 Sep 2025SEK 92.2bSEK 49.9b-SEK 3,683,480,522.1334.2x-25x1.8x
Mon, 04 Aug 2025SEK 98.2bSEK 50.0b-SEK 3,434,415,812.2234.2x-28.6x2x
Wed, 02 Jul 2025SEK 160.4bSEK 52.4b-SEK 2,673,078,657.3333.3x-60x3.1x
Fri, 30 May 2025SEK 152.8bSEK 52.3b-SEK 2,717,538,256.7728.3x-56.2x2.9x
Sun, 27 Apr 2025SEK 157.6bSEK 52.0b-SEK 2,628,812,957.5333.9x-59.9x3x
Tue, 25 Mar 2025SEK 152.1bSEK 51.6b-SEK 3,145,349,216.7835.1x-48.4x3x
Thu, 20 Feb 2025SEK 165.6bSEK 50.1b-SEK 9,630,648,354.2841.4x-17.2x3.3x
Sat, 18 Jan 2025SEK 146.9bSEK 49.6b-SEK 9,707,498,586.1542.1x-15.1x3x
Mon, 16 Dec 2024SEK 149.7bSEK 49.3b-SEK 9,722,140,071.4842.2x-15.4x3x
Wed, 13 Nov 2024SEK 145.1bSEK 48.3b-SEK 9,952,789,511.8640.9x-14.6x3x
Fri, 11 Oct 2024SEK 141.6bSEK 47.7b-SEK 4,181,734,550.5338.7x-33.9x3x
Sun, 08 Sep 2024SEK 138.4bSEK 47.7b-SEK 4,201,208,221.6240x-32.9x2.9x
Tue, 06 Aug 2024SEK 134.0bSEK 47.5b-SEK 4,380,389,023.5751.3x-30.6x2.8x
Thu, 04 Jul 2024SEK 137.6bSEK 47.4b-SEK 4,427,271,509.8455.6x-31.1x2.9x
Sat, 01 Jun 2024SEK 138.4bSEK 47.1b-SEK 4,536,371,329.3352.5x-30.5x2.9x
Mon, 29 Apr 2024SEK 144.3bSEK 50.8b-SEK 4,695,152,062.5147.6x-30.7x2.8x
Wed, 27 Mar 2024SEK 152.3bSEK 51.2b-SEK 4,755,147,590.6848.6x-32x3x
Fri, 23 Feb 2024SEK 158.6bSEK 52.0b-SEK 4,299,869,728.4456.8x-36.9x3x
Sun, 21 Jan 2024SEK 144.1bSEK 50.4b-SEK 4,793,884,094.0065.6x-30x2.9x
Tue, 19 Dec 2023SEK 151.0bSEK 50.3b-SEK 4,700,212,383.0060.3x-32.1x3x
Thu, 16 Nov 2023SEK 125.2bSEK 51.1b-SEK 4,815,332,110.0053.3x-26x2.5x
Sat, 14 Oct 2023SEK 120.9bSEK 50.8b-SEK 9,476,381,229.0044.7x-12.8x2.4x
Mon, 11 Sep 2023SEK 119.6bSEK 50.9b-SEK 9,552,049,740.0046.2x-12.5x2.3x
Wed, 09 Aug 2023SEK 129.6bSEK 50.8b-SEK 9,541,000,597.0045.3x-13.6x2.6x
Fri, 07 Jul 2023SEK 121.6bSEK 50.5b-SEK 9,596,447,418.0040x-12.7x2.4x
Sun, 04 Jun 2023SEK 132.3bSEK 50.4b-SEK 9,562,163,616.0040.8x-13.8x2.6x
Tue, 02 May 2023SEK 135.8bSEK 48.3b-SEK 9,347,444,523.0042.4x-14.5x2.8x
Thu, 30 Mar 2023SEK 129.6bSEK 49.7b-SEK 9,204,455,516.0041.6x-14.1x2.6x
Sat, 25 Feb 2023SEK 131.4bSEK 49.3b-SEK 8,996,260,168.0043.7x-14.6x2.7x
Price to Earnings Ratio

-14.6x


Total Market Cap: SEK 131.4bTotal Earnings: -SEK 8,996,260,168.00Total Revenue: SEK 49.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average -22.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish 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 28.8x which is higher than its 3-year average PE of -22.7x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • Total earnings for the Software industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Swedish Tech industry?

SE Market-1.74%
Tech-2.11%
Software-6.35%
Application Software-5.83%
Systems Software-9.31%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 42.8x.
    • Analysts are expecting annual earnings growth of 33.1%, which is lower than the prior year's growth of 43.2% per year.
  • Investors are most pessimistic about the Application Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings decline of 3.3% per year.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 33% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CLAV Clavister Holding AB (publ.)SEK 4.6121.6%
+SEK 304.6m
118.5%PS7.9x
EYEW Eye WorldSEK 23.6516.2%
+SEK 132.7m
40.8%PS24.1x
BRIX BrioxSEK 20.507.3%
+SEK 106.5m
269.4%PS57.8x
DONE Done.ai GroupSEK 9.9411.7%
+SEK 86.6m
-48.4%PE0.5x
NEO B Neovici HoldingSEK 3.6652.5%
+SEK 73.4m
-50.7%n/a

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