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Swedish (OMX) Software Industry Analysis
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies66
- 7D-7.4%
- 3M-18.0%
- 1Y-47.0%
- YTD-14.4%
Over the last 7 days, the Software industry has dropped 6.6%, driven by Sinch declining 9.7%. Meanwhile, Eye World actually outperformed within the industry, gaining 17% in the last week. Overall the industry is down 46% in 12 months. As for the next few years, earnings are expected to grow by 45% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 05 Feb 2026 | SEK 61.0b | SEK 48.0b | SEK 2.2b | 23.5x | 27.8x | 1.3x |
| Sat, 03 Jan 2026 | SEK 71.2b | SEK 48.1b | SEK 2.2b | 26.9x | 31.9x | 1.5x |
| Mon, 01 Dec 2025 | SEK 74.6b | SEK 48.1b | SEK 2.2b | 27.5x | 33.2x | 1.5x |
| Wed, 29 Oct 2025 | SEK 87.0b | SEK 50.0b | -SEK 3,707,237,105.86 | 30.5x | -23.5x | 1.7x |
| Fri, 26 Sep 2025 | SEK 91.2b | SEK 49.9b | -SEK 3,689,483,045.40 | 33x | -24.7x | 1.8x |
| Sun, 24 Aug 2025 | SEK 97.0b | SEK 49.9b | -SEK 3,643,996,354.95 | 35.1x | -26.6x | 1.9x |
| Tue, 22 Jul 2025 | SEK 154.4b | SEK 52.6b | -SEK 2,577,514,604.14 | 34.9x | -59.9x | 2.9x |
| Thu, 19 Jun 2025 | SEK 156.3b | SEK 52.4b | -SEK 2,693,747,541.43 | 32.8x | -58x | 3x |
| Sat, 17 May 2025 | SEK 155.5b | SEK 51.5b | -SEK 2,695,873,579.94 | 31.9x | -57.7x | 3x |
| Mon, 14 Apr 2025 | SEK 151.1b | SEK 51.7b | -SEK 2,770,873,318.12 | 30.4x | -54.5x | 2.9x |
| Wed, 12 Mar 2025 | SEK 147.6b | SEK 51.6b | -SEK 3,149,883,610.26 | 33.7x | -46.9x | 2.9x |
| Fri, 07 Feb 2025 | SEK 165.7b | SEK 49.7b | -SEK 9,574,865,986.50 | 39.8x | -17.3x | 3.3x |
| Sun, 05 Jan 2025 | SEK 147.8b | SEK 49.6b | -SEK 9,682,020,675.67 | 42.3x | -15.3x | 3x |
| Tue, 03 Dec 2024 | SEK 148.3b | SEK 49.3b | -SEK 9,730,781,124.85 | 43.7x | -15.2x | 3x |
| Thu, 31 Oct 2024 | SEK 153.2b | SEK 47.8b | -SEK 3,993,645,678.12 | 42.4x | -38.4x | 3.2x |
| Sat, 28 Sep 2024 | SEK 145.6b | SEK 47.6b | -SEK 4,087,936,761.22 | 39x | -35.6x | 3.1x |
| Mon, 26 Aug 2024 | SEK 147.3b | SEK 47.7b | -SEK 4,249,862,533.84 | 39x | -34.7x | 3.1x |
| Wed, 24 Jul 2024 | SEK 146.4b | SEK 47.5b | -SEK 4,426,026,704.16 | 57x | -33.1x | 3.1x |
| Fri, 21 Jun 2024 | SEK 135.8b | SEK 47.4b | -SEK 4,392,565,937.64 | 54.2x | -30.9x | 2.9x |
| Sun, 19 May 2024 | SEK 150.8b | SEK 50.4b | -SEK 4,553,474,902.72 | 54.4x | -33.1x | 3x |
| Tue, 16 Apr 2024 | SEK 143.2b | SEK 51.2b | -SEK 4,795,419,581.92 | 47.6x | -29.9x | 2.8x |
| Thu, 14 Mar 2024 | SEK 151.6b | SEK 51.1b | -SEK 4,625,507,309.92 | 58.1x | -32.8x | 3x |
| Sat, 10 Feb 2024 | SEK 146.5b | SEK 50.2b | -SEK 4,980,563,535.79 | 63x | -29.4x | 2.9x |
| Mon, 08 Jan 2024 | SEK 147.5b | SEK 50.4b | -SEK 4,723,863,482.00 | 65.5x | -31.2x | 2.9x |
| Wed, 06 Dec 2023 | SEK 135.6b | SEK 50.3b | -SEK 4,769,371,491.00 | 57.9x | -28.4x | 2.7x |
| Fri, 03 Nov 2023 | SEK 112.0b | SEK 51.1b | -SEK 9,803,694,168.00 | 41.4x | -11.4x | 2.2x |
| Sun, 01 Oct 2023 | SEK 118.0b | SEK 50.8b | -SEK 9,465,729,000.00 | 45.2x | -12.5x | 2.3x |
| Tue, 29 Aug 2023 | SEK 121.3b | SEK 51.0b | -SEK 9,537,163,537.00 | 44.8x | -12.7x | 2.4x |
| Thu, 27 Jul 2023 | SEK 138.7b | SEK 50.7b | -SEK 9,469,196,249.00 | 49.2x | -14.6x | 2.7x |
| Sat, 24 Jun 2023 | SEK 126.6b | SEK 50.4b | -SEK 9,561,463,493.00 | 39.2x | -13.2x | 2.5x |
| Mon, 22 May 2023 | SEK 136.2b | SEK 50.3b | -SEK 9,461,083,845.00 | 37.5x | -14.4x | 2.7x |
| Wed, 19 Apr 2023 | SEK 133.0b | SEK 49.5b | -SEK 9,228,836,740.00 | 42x | -14.4x | 2.7x |
| Fri, 17 Mar 2023 | SEK 134.4b | SEK 49.3b | -SEK 9,150,592,665.00 | 39.1x | -14.7x | 2.7x |
| Sun, 12 Feb 2023 | SEK 145.8b | SEK 43.2b | -SEK 4,610,322,150.00 | 36.8x | -31.6x | 3.4x |
Price to Earnings Ratio
-31.6x
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 27.7x which is higher than its 3-year average PE of -23.4x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.3x.
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 grown 3.6% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | 1.41% | |
| Tech | -1.14% | |
| Software | -7.37% | |
| Systems Software | -3.92% | |
| Application Software | -7.96% | |
Industry PE
- Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 42.2x.
- Analysts are expecting annual earnings growth of 28.1%, which is lower than the prior year's growth of 31.6% 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 48% over the next 5 years.
- This is better than its past earnings decline of 2.3% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| EYEW Eye World | SEK 19.38 | 17.0% +SEK 113.4m | 24.2% | PS19.8x | |
| BIM BIMobject | SEK 4.95 | 9.0% +SEK 60.5m | -15.5% | PS4x | |
| 4C 4C Group | SEK 13.00 | 13.5% +SEK 59.3m | 6.6% | PS1.4x | |
| SKOLON Skolon | SEK 28.50 | 8.4% +SEK 58.4m | -13.9% | PS4.1x | |
| NOWO Nowonomics | SEK 7.00 | 22.8% +SEK 33.0m | 84.2% | PS9.8x |
