What Does Vitec Software Group AB (publ)'s (STO:VIT B) Share Price Indicate?
Sep 15
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Swedish (OMX) Software Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies66
- 7D-0.3%
- 3M-9.4%
- 1Y-12.9%
- YTD-15.5%
The Software industry has been flat over the last week, but Vitec Software Group has lost 4.3%. As for the longer term, the industry has declined 13% in the last year. Earnings are forecast to grow by 54% annually.
Industry Valuation and Performance
Has the Swedish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | SEK 91.6b | SEK 49.9b | -SEK 3,714,859,386.44 | 33.7x | -24.7x | 1.8x |
| Wed, 13 Aug 2025 | SEK 95.1b | SEK 50.0b | -SEK 3,434,586,723.66 | 34.8x | -27.7x | 1.9x |
| Fri, 11 Jul 2025 | SEK 162.3b | SEK 52.4b | -SEK 2,672,904,881.52 | 33.6x | -60.7x | 3.1x |
| Sun, 08 Jun 2025 | SEK 157.4b | SEK 52.4b | -SEK 2,701,516,196.45 | 33.2x | -58.3x | 3x |
| Tue, 06 May 2025 | SEK 159.4b | SEK 51.1b | -SEK 2,666,298,229.06 | 32x | -59.8x | 3.1x |
| Thu, 03 Apr 2025 | SEK 158.7b | SEK 51.5b | -SEK 3,141,787,280.17 | 35.1x | -50.5x | 3.1x |
| Sat, 01 Mar 2025 | SEK 161.1b | SEK 51.6b | -SEK 3,155,776,094.15 | 35.6x | -51x | 3.1x |
| Mon, 27 Jan 2025 | SEK 154.4b | SEK 49.6b | -SEK 9,691,726,185.33 | 43.9x | -15.9x | 3.1x |
| Wed, 25 Dec 2024 | SEK 145.9b | SEK 49.6b | -SEK 9,727,939,059.49 | 40x | -15x | 2.9x |
| Fri, 22 Nov 2024 | SEK 138.3b | SEK 48.5b | -SEK 9,788,453,476.85 | 41.5x | -14.1x | 2.8x |
| Sun, 20 Oct 2024 | SEK 141.4b | SEK 47.8b | -SEK 4,185,714,711.54 | 38x | -33.8x | 3x |
| Tue, 17 Sep 2024 | SEK 139.3b | SEK 47.4b | -SEK 4,121,390,789.93 | 38.3x | -33.8x | 2.9x |
| Thu, 15 Aug 2024 | SEK 135.0b | SEK 47.4b | -SEK 4,328,319,535.20 | 52.4x | -31.2x | 2.8x |
| Sat, 13 Jul 2024 | SEK 140.7b | SEK 47.5b | -SEK 4,502,667,921.95 | 56.3x | -31.3x | 3x |
| Mon, 10 Jun 2024 | SEK 139.8b | SEK 47.6b | -SEK 4,482,262,472.90 | 55.2x | -31.2x | 2.9x |
| Wed, 08 May 2024 | SEK 142.2b | SEK 50.3b | -SEK 4,624,663,515.07 | 50.1x | -30.7x | 2.8x |
| Fri, 05 Apr 2024 | SEK 148.3b | SEK 51.2b | -SEK 4,786,051,847.61 | 49x | -31x | 2.9x |
| Sun, 03 Mar 2024 | SEK 163.1b | SEK 52.1b | -SEK 5,092,944,622.59 | 59x | -32x | 3.1x |
| Tue, 30 Jan 2024 | SEK 153.4b | SEK 50.4b | -SEK 4,759,080,626.00 | 66.7x | -32.2x | 3x |
| Thu, 28 Dec 2023 | SEK 154.1b | SEK 50.3b | -SEK 4,648,616,161.00 | 66.9x | -33.2x | 3.1x |
| Sat, 25 Nov 2023 | SEK 128.7b | SEK 51.1b | -SEK 4,823,628,129.00 | 51.5x | -26.7x | 2.5x |
| Mon, 23 Oct 2023 | SEK 115.1b | SEK 51.1b | -SEK 9,476,109,799.00 | 44.1x | -12.1x | 2.3x |
| Wed, 20 Sep 2023 | SEK 119.0b | SEK 51.0b | -SEK 9,554,819,230.00 | 42.9x | -12.5x | 2.3x |
| Fri, 18 Aug 2023 | SEK 123.9b | SEK 50.9b | -SEK 9,637,765,928.00 | 43.6x | -12.9x | 2.4x |
| Sun, 16 Jul 2023 | SEK 133.2b | SEK 50.7b | -SEK 9,345,455,132.00 | 41.5x | -14.3x | 2.6x |
| Tue, 13 Jun 2023 | SEK 130.5b | SEK 50.4b | -SEK 9,598,324,673.00 | 39.9x | -13.6x | 2.6x |
| Thu, 11 May 2023 | SEK 132.5b | SEK 50.2b | -SEK 9,345,973,486.00 | 39.8x | -14.2x | 2.6x |
| Sat, 08 Apr 2023 | SEK 132.6b | SEK 49.8b | -SEK 9,266,163,007.00 | 38.5x | -14.3x | 2.7x |
| Mon, 06 Mar 2023 | SEK 142.4b | SEK 49.4b | -SEK 9,031,155,243.00 | 37.7x | -15.8x | 2.9x |
| Wed, 01 Feb 2023 | SEK 142.7b | SEK 46.4b | -SEK 4,796,528,502.00 | 41x | -29.7x | 3.1x |
| Fri, 30 Dec 2022 | SEK 135.5b | SEK 46.2b | -SEK 4,762,554,464.00 | 31.5x | -28.5x | 2.9x |
| Sun, 27 Nov 2022 | SEK 132.4b | SEK 45.6b | -SEK 4,814,753,477.00 | 33.3x | -27.5x | 2.9x |
| Tue, 25 Oct 2022 | SEK 121.6b | SEK 41.9b | SEK 51.2m | 33.5x | 2375.6x | 2.9x |
| Thu, 22 Sep 2022 | SEK 118.3b | SEK 41.6b | SEK 37.0m | 37.1x | 3199.7x | 2.8x |
Price to Earnings Ratio
3199.7x
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 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 6.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | -0.11% | |
| Tech | -1.10% | |
| Software | -0.35% | |
| Application Software | -0.33% | |
| Systems Software | -0.47% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 34.8x.
- Analysts are expecting annual earnings growth of 33.0%, which is lower than the prior year's growth of 206.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings decline of 2.1% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SINCH Sinch | SEK 30.04 | 1.7% +SEK 414.0m | 1.1% | PS0.9x | |
| EYEW Eye World | SEK 24.30 | 24.5% +SEK 168.0m | -12.3% | PS24.9x | |
| ONEF Oneflow | SEK 30.20 | 15.3% +SEK 113.6m | -22.8% | PS4.4x | |
| CFISH Crunchfish | SEK 3.81 | 23.7% +SEK 53.9m | -12.5% | PS28.3x | |
| UPSALE Upsales Technology | SEK 34.40 | 4.9% +SEK 26.9m | -5.0% | PE33x |
