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Swedish (OMX) Software Industry Analysis
UpdatedSep 01, 2025
DataAggregated Company Financials
Companies67
- 7D-3.3%
- 3M-7.8%
- 1Y-15.8%
- YTD-12.9%
Over the last 7 days, the Software industry has dropped 2.7%, driven by Vitec Software Group declining 5.8%. Meanwhile, Clavister Holding AB (publ.) actually outperformed within the industry, gaining 13% in the last week. The industry has fallen 17% in the last year. Earnings are forecast to grow by 53% 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, 01 Sep 2025 | SEK 94.5b | SEK 50.0b | -SEK 3,632,239,636.03 | 37.3x | -26x | 1.9x |
| Wed, 30 Jul 2025 | SEK 100.4b | SEK 50.0b | -SEK 3,400,677,307.07 | 35.4x | -29.5x | 2x |
| Fri, 27 Jun 2025 | SEK 156.2b | SEK 52.5b | -SEK 2,694,107,394.66 | 33.1x | -58x | 3x |
| Sun, 25 May 2025 | SEK 151.6b | SEK 52.3b | -SEK 2,714,349,197.89 | 29.7x | -55.8x | 2.9x |
| Tue, 22 Apr 2025 | SEK 155.3b | SEK 51.7b | -SEK 2,764,304,421.35 | 31.7x | -56.2x | 3x |
| Thu, 20 Mar 2025 | SEK 152.1b | SEK 51.6b | -SEK 3,147,111,193.02 | 34.9x | -48.3x | 2.9x |
| Sat, 15 Feb 2025 | SEK 162.9b | SEK 50.7b | -SEK 9,649,254,798.34 | 39.9x | -16.9x | 3.2x |
| Mon, 13 Jan 2025 | SEK 140.6b | SEK 49.6b | -SEK 9,701,948,217.86 | 42.5x | -14.5x | 2.8x |
| Wed, 11 Dec 2024 | SEK 151.6b | SEK 49.3b | -SEK 9,734,168,441.74 | 41.5x | -15.6x | 3.1x |
| Fri, 08 Nov 2024 | SEK 142.3b | SEK 48.4b | -SEK 9,980,865,126.71 | 41.2x | -14.3x | 2.9x |
| Sun, 06 Oct 2024 | SEK 144.1b | SEK 47.7b | -SEK 4,188,841,432.15 | 38.7x | -34.4x | 3x |
| Tue, 03 Sep 2024 | SEK 142.4b | SEK 47.7b | -SEK 4,165,137,891.61 | 38.3x | -34.2x | 3x |
| Thu, 01 Aug 2024 | SEK 149.1b | SEK 47.5b | -SEK 4,418,774,911.35 | 56.8x | -33.7x | 3.1x |
| Sat, 29 Jun 2024 | SEK 139.4b | SEK 47.4b | -SEK 4,442,797,276.38 | 55.4x | -31.4x | 2.9x |
| Mon, 27 May 2024 | SEK 136.4b | SEK 47.2b | -SEK 4,609,918,687.00 | 58.1x | -29.6x | 2.9x |
| Wed, 24 Apr 2024 | SEK 143.1b | SEK 50.8b | -SEK 4,781,264,540.59 | 47x | -29.9x | 2.8x |
| Fri, 22 Mar 2024 | SEK 149.1b | SEK 51.1b | -SEK 4,707,437,891.55 | 48.4x | -31.7x | 2.9x |
| Sun, 18 Feb 2024 | SEK 161.1b | SEK 51.0b | -SEK 4,472,010,792.00 | 58.3x | -36x | 3.2x |
| Tue, 16 Jan 2024 | SEK 144.5b | SEK 50.4b | -SEK 4,752,260,606.00 | 67.5x | -30.4x | 2.9x |
| Thu, 14 Dec 2023 | SEK 143.6b | SEK 50.4b | -SEK 4,723,781,174.00 | 58.9x | -30.4x | 2.9x |
| Sat, 11 Nov 2023 | SEK 120.7b | SEK 51.3b | -SEK 4,893,469,641.00 | 50.6x | -24.7x | 2.4x |
| Mon, 09 Oct 2023 | SEK 115.1b | SEK 50.8b | -SEK 9,485,555,063.00 | 45.1x | -12.1x | 2.3x |
| Wed, 06 Sep 2023 | SEK 122.4b | SEK 50.9b | -SEK 9,551,696,106.00 | 45.6x | -12.8x | 2.4x |
| Fri, 04 Aug 2023 | SEK 130.8b | SEK 50.8b | -SEK 9,542,971,776.00 | 46.2x | -13.7x | 2.6x |
| Sun, 02 Jul 2023 | SEK 126.4b | SEK 50.5b | -SEK 9,593,379,065.00 | 38.5x | -13.2x | 2.5x |
| Tue, 30 May 2023 | SEK 128.7b | SEK 50.4b | -SEK 9,580,691,756.00 | 40.7x | -13.4x | 2.6x |
| Thu, 27 Apr 2023 | SEK 130.2b | SEK 50.0b | -SEK 9,208,801,702.00 | 43.5x | -14.1x | 2.6x |
| Sat, 25 Mar 2023 | SEK 128.3b | SEK 49.3b | -SEK 9,176,060,547.00 | 44.6x | -14x | 2.6x |
| Mon, 20 Feb 2023 | SEK 143.7b | SEK 48.8b | -SEK 5,358,081,035.00 | 42.3x | -26.8x | 2.9x |
| Wed, 18 Jan 2023 | SEK 150.4b | SEK 46.3b | -SEK 4,760,777,409.00 | 31.5x | -31.6x | 3.3x |
| Fri, 16 Dec 2022 | SEK 137.8b | SEK 45.8b | -SEK 4,753,454,051.00 | 33.5x | -29x | 3x |
| Sun, 13 Nov 2022 | SEK 147.3b | SEK 45.9b | -SEK 4,804,991,914.00 | 35.6x | -30.7x | 3.2x |
| Tue, 11 Oct 2022 | SEK 109.5b | SEK 41.7b | SEK 34.8m | 31.6x | 3143.9x | 2.6x |
| Thu, 08 Sep 2022 | SEK 126.9b | SEK 41.5b | SEK 58.4m | 39.3x | 2172.7x | 3.1x |
Price to Earnings Ratio
2172.7x
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 1.9x.
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 6.4% 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 | -1.81% | |
| Tech | -1.40% | |
| Software | -3.32% | |
| Application Software | -3.10% | |
| Systems Software | -4.45% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 33.8x.
- 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 56% over the next 5 years.
- This is better than its past earnings growth rate of 0.05% 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 | |
|---|---|---|---|---|---|
| CLAV Clavister Holding AB (publ.) | SEK 4.89 | 6.3% +SEK 89.8m | 171.7% | PS7.5x | |
| BRIX Briox | SEK 15.60 | 8.3% +SEK 85.5m | 504.7% | PS46.1x | |
| ONEF Oneflow | SEK 28.00 | 11.6% +SEK 82.3m | -35.6% | PS4.1x | |
| MSAB B Micro Systemation | SEK 63.40 | 6.0% +SEK 66.5m | 43.8% | PE38.3x | |
| SLEEP Sleep Cycle | SEK 30.30 | 6.7% +SEK 38.5m | -27.5% | PE9.8x |
