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Swedish (OMX) Software Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies66
  • 7D-3.8%
  • 3M-22.2%
  • 1Y-49.9%
  • YTD-18.3%

Over the last 7 days, the Software industry has dropped 3.8%, driven by a pullback from Lime Technologies of 25%. On the other hand Briox is actually up 13%. The industry has fallen 50% in the last year. 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
Sat, 14 Feb 2026SEK 58.2bSEK 48.0bSEK 2.1b22x27.5x1.2x
Mon, 12 Jan 2026SEK 71.5bSEK 48.0bSEK 2.2b27.7x32.8x1.5x
Wed, 10 Dec 2025SEK 74.2bSEK 48.1bSEK 2.2b27.5x33.4x1.5x
Fri, 07 Nov 2025SEK 75.8bSEK 49.0bSEK 2.3b28.6x33x1.5x
Sun, 05 Oct 2025SEK 91.4bSEK 49.9b-SEK 3,689,625,942.8632.9x-24.8x1.8x
Tue, 02 Sep 2025SEK 93.4bSEK 49.9b-SEK 3,638,067,145.1936.3x-25.7x1.9x
Thu, 31 Jul 2025SEK 100.1bSEK 50.0b-SEK 3,400,576,698.5834.8x-29.5x2x
Sat, 28 Jun 2025SEK 158.5bSEK 52.5b-SEK 2,694,034,657.0933.2x-58.8x3x
Mon, 26 May 2025SEK 151.6bSEK 52.3b-SEK 2,714,349,197.8929.7x-55.8x2.9x
Wed, 23 Apr 2025SEK 155.9bSEK 51.7b-SEK 2,763,926,456.0131.7x-56.4x3x
Fri, 21 Mar 2025SEK 153.2bSEK 51.6b-SEK 3,146,658,227.4734.9x-48.7x3x
Sun, 16 Feb 2025SEK 162.9bSEK 50.7b-SEK 9,635,061,021.6939.9x-16.9x3.2x
Tue, 14 Jan 2025SEK 138.8bSEK 49.6b-SEK 9,719,385,960.2442x-14.3x2.8x
Thu, 12 Dec 2024SEK 151.5bSEK 49.3b-SEK 9,724,940,966.1641x-15.6x3.1x
Sat, 09 Nov 2024SEK 141.9bSEK 48.7b-SEK 9,979,279,006.0040.7x-14.2x2.9x
Mon, 07 Oct 2024SEK 144.1bSEK 47.7b-SEK 4,188,841,432.1538.7x-34.4x3x
Wed, 04 Sep 2024SEK 139.7bSEK 47.7b-SEK 4,182,243,375.7738.5x-33.4x2.9x
Fri, 02 Aug 2024SEK 146.1bSEK 47.5b-SEK 4,410,704,580.6656.2x-33.1x3.1x
Sun, 30 Jun 2024SEK 139.5bSEK 47.4b-SEK 4,442,797,276.3855.4x-31.4x2.9x
Tue, 28 May 2024SEK 139.4bSEK 47.2b-SEK 4,588,349,569.0755.5x-30.4x3x
Thu, 25 Apr 2024SEK 144.6bSEK 50.8b-SEK 4,816,176,966.9346.6x-30x2.8x
Sat, 23 Mar 2024SEK 148.9bSEK 51.1b-SEK 4,731,392,197.8250.1x-31.5x2.9x
Mon, 19 Feb 2024SEK 161.1bSEK 51.0b-SEK 4,472,010,792.0058.3x-36x3.2x
Wed, 17 Jan 2024SEK 144.7bSEK 50.4b-SEK 4,773,724,957.0066.6x-30.3x2.9x
Fri, 15 Dec 2023SEK 149.5bSEK 50.4b-SEK 4,722,541,181.0055.2x-31.7x3x
Sun, 12 Nov 2023SEK 120.7bSEK 51.3b-SEK 4,904,331,014.0050.6x-24.6x2.4x
Tue, 10 Oct 2023SEK 112.2bSEK 50.8b-SEK 9,477,345,910.0044.5x-11.8x2.2x
Thu, 07 Sep 2023SEK 122.6bSEK 51.0b-SEK 9,559,086,138.0045.6x-12.8x2.4x
Sat, 05 Aug 2023SEK 133.1bSEK 50.7b-SEK 9,518,499,066.0046.4x-14x2.6x
Mon, 03 Jul 2023SEK 126.4bSEK 50.5b-SEK 9,593,379,065.0038.5x-13.2x2.5x
Wed, 31 May 2023SEK 129.4bSEK 50.5b-SEK 9,604,727,394.0039.9x-13.5x2.6x
Fri, 28 Apr 2023SEK 133.8bSEK 50.1b-SEK 9,176,218,270.0040x-14.6x2.7x
Sun, 26 Mar 2023SEK 128.3bSEK 49.3b-SEK 9,176,757,678.0044.6x-14x2.6x
Tue, 21 Feb 2023SEK 144.5bSEK 48.7b-SEK 5,348,750,361.0043x-27x3x
Price to Earnings Ratio

-27x


Total Market Cap: SEK 144.5bTotal Earnings: -SEK 5,348,750,361.00Total Revenue: SEK 48.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average -22.9x202420252026
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 27.5x which is higher than its 3-year average PE of -22.9x.
  • 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-1.01%
Tech-1.09%
Software-3.83%
Application Software-3.25%
Systems Software-7.17%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 42.6x.
    • Analysts expect its future annual earnings growth (32.8%) to be largely in line with prior year's earnings growth.
  • 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
BRIX BrioxSEK 22.0012.5%
+SEK 186.3m		300.0%PS62x
EYEW Eye WorldSEK 23.2014.9%
+SEK 120.6m		28.5%PS23.7x
TRUE B TruecallerSEK 14.592.2%
+SEK 104.0m		-78.8%PE10.2x
CLAV Clavister Holding AB (publ.)SEK 4.005.0%
+SEK 70.6m		102.5%PS6.8x
NEO B Neovici HoldingSEK 3.5979.5%
+SEK 69.5m		-52.1%n/a

Latest News

LIME
SEK 184.20
Lime Technologies
7D
-24.8%
1Y
-51.3%
VERT B
SEK 53.20
Vertiseit
7D
-5.7%
1Y
-19.1%
YUBICO
SEK 54.08
Yubico
7D
-11.9%
1Y
-75.2%
CLAV
SEK 4.00
Clavister Holding AB (publ.)
7D
5.0%
1Y
102.5%
VIT B
SEK 243.20
Vitec Software Group
7D
-6.2%
1Y
-61.8%

Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90

Feb 13
Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90
BRIX
SEK 22.00
Briox
7D
12.5%
1Y
300.0%

Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation

Feb 13
Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation
TRUE B
SEK 14.59
Truecaller
7D
2.2%
1Y
-78.8%

TRUE B: Family Features And Verified Business Calls Will Support Repricing

Narrative Update: Truecaller Analysts have kept their fair value estimate for Truecaller steady at SEK 68.0, citing a slightly higher discount rate and marginally stronger medium term revenue growth and profit margin assumptions as the key reasons for reaffirming their price view. Analyst Commentary Recent sector commentary around online auto platforms highlights Truecaller as part of a broader group of digital marketplaces that investors are watching closely.
SINCH
SEK 23.88
Sinch
7D
-1.0%
1Y
-10.2%

SINCH: Future Repricing Hinges On Execution And Profitability Delivery

Analysts have nudged their price expectations for Sinch higher, with the fair value estimate moving from SEK 35.57 to about SEK 35.94. They cite recent sector-wide rating adjustments and updated views on discount rates, revenue growth, profit margins and future P/E assumptions.
DONE
SEK 9.91
Done.ai Group
7D
6.7%
1Y
-48.3%
RPLAN
SEK 1.12
Ranplan Group
7D
49.3%
1Y
n/a
ONEF
SEK 19.00
Oneflow
7D
-12.8%
1Y
-42.9%

We're Hopeful That Oneflow (STO:ONEF) Will Use Its Cash Wisely

Jan 08
We're Hopeful That Oneflow (STO:ONEF) Will Use Its Cash Wisely
4C
SEK 10.80
4C Group
7D
-17.2%
1Y
-28.0%
ADVE
SEK 17.10
Advenica
7D
-9.7%
1Y
49.3%

After Leaping 29% Advenica AB (publ) (STO:ADVE) Shares Are Not Flying Under The Radar

Dec 21
After Leaping 29% Advenica AB (publ) (STO:ADVE) Shares Are Not Flying Under The Radar
FPIP
SEK 22.30
Formpipe Software
7D
4.7%
1Y
-10.1%
NEO B
SEK 3.59
Neovici Holding
7D
79.5%
1Y
-52.1%
EYEW
SEK 23.20
Eye World
7D
14.9%
1Y
28.5%