Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Software Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies66
  • 7D-4.1%
  • 3M-23.1%
  • 1Y-44.1%
  • YTD-11.7%

Over the last 7 days, the Software industry has dropped 4.1%, driven by a pullback from Sinch of 9.5%. Meanwhile, Skolon actually outperformed within the industry, gaining 15% in the last week. However, the industry is down 44% over the past year. Looking forward, earnings are forecast to grow by 46% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026SEK 63.0bSEK 48.0bSEK 2.2b24.6x28.8x1.3x
Fri, 02 Jan 2026SEK 73.4bSEK 48.1bSEK 2.2b27.8x32.9x1.5x
Sun, 30 Nov 2025SEK 74.6bSEK 48.1bSEK 2.2b27.5x33.4x1.5x
Tue, 28 Oct 2025SEK 89.6bSEK 50.0b-SEK 3,706,281,922.2930.3x-24.2x1.8x
Thu, 25 Sep 2025SEK 91.8bSEK 49.9b-SEK 3,689,481,005.4032.7x-24.9x1.8x
Sat, 23 Aug 2025SEK 97.0bSEK 49.9b-SEK 3,644,387,439.9535.1x-26.6x1.9x
Mon, 21 Jul 2025SEK 154.4bSEK 52.6b-SEK 2,577,392,103.3934.2x-59.9x2.9x
Wed, 18 Jun 2025SEK 155.3bSEK 52.4b-SEK 2,724,765,931.3233.1x-57x3x
Fri, 16 May 2025SEK 155.0bSEK 51.6b-SEK 2,695,331,789.8630.1x-57.5x3x
Sun, 13 Apr 2025SEK 151.1bSEK 51.7b-SEK 2,770,873,318.1230.4x-54.5x2.9x
Tue, 11 Mar 2025SEK 149.8bSEK 51.6b-SEK 3,144,422,208.2735.6x-47.6x2.9x
Thu, 06 Feb 2025SEK 160.8bSEK 49.5b-SEK 9,602,588,891.3439.7x-16.8x3.2x
Sat, 04 Jan 2025SEK 147.7bSEK 49.6b-SEK 9,680,960,133.6042.3x-15.3x3x
Mon, 02 Dec 2024SEK 144.4bSEK 49.3b-SEK 9,724,493,138.4142.1x-14.9x2.9x
Wed, 30 Oct 2024SEK 154.5bSEK 47.8b-SEK 3,964,620,268.9443.4x-39x3.2x
Fri, 27 Sep 2024SEK 146.6bSEK 47.7b-SEK 4,152,017,166.1638.7x-35.3x3.1x
Sun, 25 Aug 2024SEK 147.3bSEK 47.7b-SEK 4,249,862,533.8439x-34.7x3.1x
Tue, 23 Jul 2024SEK 144.8bSEK 47.5b-SEK 4,485,985,485.7456.2x-32.3x3x
Thu, 20 Jun 2024SEK 135.8bSEK 47.5b-SEK 4,402,142,015.5153.9x-30.8x2.9x
Sat, 18 May 2024SEK 150.8bSEK 50.4b-SEK 4,553,474,902.7254.4x-33.1x3x
Mon, 15 Apr 2024SEK 144.3bSEK 51.2b-SEK 4,811,283,017.3849.5x-30x2.8x
Wed, 13 Mar 2024SEK 151.2bSEK 51.1b-SEK 4,619,054,764.4158.1x-32.7x3x
Fri, 09 Feb 2024SEK 145.8bSEK 50.2b-SEK 4,984,463,307.5062.5x-29.2x2.9x
Sun, 07 Jan 2024SEK 147.5bSEK 50.4b-SEK 4,723,863,482.0065.5x-31.2x2.9x
Tue, 05 Dec 2023SEK 135.0bSEK 50.3b-SEK 4,764,069,759.0057.2x-28.3x2.7x
Thu, 02 Nov 2023SEK 109.2bSEK 51.1b-SEK 9,722,833,587.0038x-11.2x2.1x
Sat, 30 Sep 2023SEK 118.0bSEK 50.8b-SEK 9,458,207,724.0045.2x-12.5x2.3x
Mon, 28 Aug 2023SEK 119.6bSEK 51.0b-SEK 9,555,047,948.0045x-12.5x2.3x
Wed, 26 Jul 2023SEK 138.8bSEK 50.7b-SEK 9,437,324,683.0048.7x-14.7x2.7x
Fri, 23 Jun 2023SEK 126.5bSEK 50.5b-SEK 9,576,734,119.0039.2x-13.2x2.5x
Sun, 21 May 2023SEK 136.2bSEK 50.3b-SEK 9,467,741,845.0037.5x-14.4x2.7x
Tue, 18 Apr 2023SEK 132.7bSEK 49.5b-SEK 9,234,238,551.0042.3x-14.4x2.7x
Thu, 16 Mar 2023SEK 131.5bSEK 49.3b-SEK 9,167,312,448.0039.8x-14.3x2.7x
Sat, 11 Feb 2023SEK 145.8bSEK 43.1b-SEK 4,616,344,181.0036.8x-31.6x3.4x
Price to Earnings Ratio

-31.6x


Total Market Cap: SEK 145.8bTotal Earnings: -SEK 4,616,344,181.00Total Revenue: SEK 43.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average -23.4x202420252026
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 -23.5x.
  • 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 2.8% 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 Market0.21%
Tech1.10%
Software-4.11%
Systems Software-1.22%
Application Software-4.59%
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 42.1x.
    • Analysts expect its future annual earnings growth (28.9%) 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 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 29% 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
EYEW Eye WorldSEK 19.6816.6%
+SEK 112.6m		29.5%PS20.1x
SKOLON SkolonSEK 29.7015.1%
+SEK 103.5m		-9.7%PS4.2x
4C 4C GroupSEK 12.8513.2%
+SEK 57.4m		26.6%PS1.4x
BIM BIMobjectSEK 4.807.6%
+SEK 50.2m		-19.8%PS3.9x
MODEL ModelonSEK 11.8011.3%
+SEK 21.9m		7.3%PS2.8x

Latest News

VIT B
SEK 231.00
Vitec Software Group
7D
-12.2%
1Y
-61.0%
YUBICO
SEK 63.92
Yubico
7D
-7.1%
1Y
-74.8%
MSAB B
SEK 66.40
Micro Systemation
7D
-6.5%
1Y
14.9%
SINCH
SEK 24.58
Sinch
7D
-9.5%
1Y
4.2%
SLEEP
SEK 24.00
Sleep Cycle
7D
3.0%
1Y
-45.3%

SLEEP: Expanding Licensing And AI Coaching Will Drive Long Term Upside

Analysts have maintained their fair value estimate for Sleep Cycle at $43.00. They cite more cautious assumptions on revenue growth and profit margins, together with a higher future P/E outlook, as key factors behind the unchanged target.
CLAV
SEK 3.92
Clavister Holding AB (publ.)
7D
-6.2%
1Y
83.8%
4C
SEK 12.85
4C Group
7D
13.2%
1Y
26.6%
VERT B
SEK 56.60
Vertiseit
7D
-9.3%
1Y
0.4%

Estimating The Fair Value Of Vertiseit AB (publ) (STO:VERT B)

Dec 24
Estimating The Fair Value Of Vertiseit AB (publ) (STO:VERT B)
LIME
SEK 247.50
Lime Technologies
7D
-5.2%
1Y
-27.5%
SKOLON
SEK 29.70
Skolon
7D
15.1%
1Y
-9.7%

After Leaping 32% Skolon AB (publ) (STO:SKOLON) Shares Are Not Flying Under The Radar

Dec 13
After Leaping 32% Skolon AB (publ) (STO:SKOLON) Shares Are Not Flying Under The Radar
MODEL
SEK 11.80
Modelon
7D
11.3%
1Y
7.3%
TERRNT B
SEK 0.076
Terranet
7D
8.3%
1Y
-36.3%
BIM
SEK 4.80
BIMobject
7D
7.6%
1Y
-19.8%
BRIX
SEK 19.60
Briox
7D
-4.9%
1Y
246.9%

Will Briox (NGM:BRIX) Spend Its Cash Wisely?

Sep 10
Will Briox (NGM:BRIX) Spend Its Cash Wisely?
RMDX
SEK 1.13
Railway Metrics and Dynamics Sweden
7D
18.4%
1Y
8.1%
EYEW
SEK 19.68
Eye World
7D
16.6%
1Y
29.5%