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Swedish (OMX) Software Industry Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies66
  • 7D-1.9%
  • 3M-19.5%
  • 1Y-29.4%
  • YTD-32.0%

Over the last 7 days, the Software industry has dropped 2.3%, driven by Truecaller declining 18%. Meanwhile, Advenica actually outperformed within the industry, gaining 25% in the last week. The industry has fallen 31% in the last year. Earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025SEK 72.4bSEK 48.1bSEK 2.2b26.6x32.5x1.5x
Sun, 16 Nov 2025SEK 75.1bSEK 49.0bSEK 2.3b27.1x32.9x1.5x
Tue, 14 Oct 2025SEK 90.7bSEK 49.9b-SEK 3,689,599,127.8331.9x-24.6x1.8x
Thu, 11 Sep 2025SEK 93.1bSEK 49.9b-SEK 3,714,614,797.5435x-25.1x1.9x
Sat, 09 Aug 2025SEK 97.7bSEK 50.0b-SEK 3,434,579,526.3535.2x-28.4x2x
Mon, 07 Jul 2025SEK 162.3bSEK 52.5b-SEK 2,674,080,075.1733.6x-60.7x3.1x
Wed, 04 Jun 2025SEK 157.9bSEK 52.4b-SEK 2,701,179,618.0030.9x-58.5x3x
Fri, 02 May 2025SEK 157.8bSEK 52.1b-SEK 2,667,387,804.2031.6x-59.2x3x
Sun, 30 Mar 2025SEK 145.3bSEK 51.5b-SEK 3,144,293,891.4835x-46.2x2.8x
Tue, 25 Feb 2025SEK 162.0bSEK 49.9b-SEK 4,871,858,224.9742.2x-33.2x3.2x
Thu, 23 Jan 2025SEK 151.1bSEK 49.6b-SEK 9,690,835,185.9743.2x-15.6x3x
Sat, 21 Dec 2024SEK 145.8bSEK 49.3b-SEK 9,682,184,653.7040.4x-15.1x3x
Mon, 18 Nov 2024SEK 140.5bSEK 48.5b-SEK 9,785,313,618.2840x-14.4x2.9x
Wed, 16 Oct 2024SEK 142.9bSEK 47.7b-SEK 4,173,278,697.8137.6x-34.2x3x
Fri, 13 Sep 2024SEK 138.8bSEK 47.7b-SEK 4,186,089,830.6739.1x-33.2x2.9x
Sun, 11 Aug 2024SEK 140.5bSEK 47.4b-SEK 4,307,694,273.4053.7x-32.6x3x
Tue, 09 Jul 2024SEK 140.5bSEK 47.5b-SEK 4,487,485,573.6655.8x-31.3x3x
Thu, 06 Jun 2024SEK 139.9bSEK 47.6b-SEK 4,426,611,266.2856.4x-31.6x2.9x
Sat, 04 May 2024SEK 143.5bSEK 50.4b-SEK 4,639,295,220.3052.2x-30.9x2.8x
Mon, 01 Apr 2024SEK 147.5bSEK 51.2b-SEK 4,777,848,190.5048.7x-30.9x2.9x
Wed, 28 Feb 2024SEK 160.4bSEK 52.0b-SEK 5,127,603,656.3957.1x-31.3x3.1x
Fri, 26 Jan 2024SEK 151.4bSEK 50.4b-SEK 4,762,863,878.0067.7x-31.8x3x
Sun, 24 Dec 2023SEK 149.5bSEK 50.3b-SEK 4,645,700,895.0065.9x-32.2x3x
Tue, 21 Nov 2023SEK 128.5bSEK 51.1b-SEK 4,842,208,555.0054x-26.5x2.5x
Thu, 19 Oct 2023SEK 115.6bSEK 50.8b-SEK 9,490,304,024.0043.5x-12.2x2.3x
Sat, 16 Sep 2023SEK 120.6bSEK 51.0b-SEK 9,553,270,116.0044.2x-12.6x2.4x
Mon, 14 Aug 2023SEK 129.4bSEK 50.9b-SEK 9,626,269,315.0045.9x-13.4x2.5x
Wed, 12 Jul 2023SEK 126.5bSEK 50.4b-SEK 9,530,199,692.0041.2x-13.3x2.5x
Fri, 09 Jun 2023SEK 128.6bSEK 50.5b-SEK 9,589,808,263.0042.1x-13.4x2.5x
Sun, 07 May 2023SEK 135.3bSEK 50.1b-SEK 9,336,617,819.0039.3x-14.5x2.7x
Tue, 04 Apr 2023SEK 133.1bSEK 49.7b-SEK 9,231,025,053.0041.5x-14.4x2.7x
Thu, 02 Mar 2023SEK 140.2bSEK 49.4b-SEK 8,989,668,313.0037.9x-15.6x2.8x
Sat, 28 Jan 2023SEK 148.5bSEK 46.3b-SEK 4,791,841,060.0041.3x-31x3.2x
Mon, 26 Dec 2022SEK 131.5bSEK 45.9b-SEK 4,758,958,811.0031.3x-27.6x2.9x
Price to Earnings Ratio

-27.6x


Total Market Cap: SEK 131.5bTotal Earnings: -SEK 4,758,958,811.00Total Revenue: SEK 45.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average -26x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.2x which is higher than its 3-year average PE of -26.0x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 1.5x.
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-0.066%
Tech-1.23%
Software-1.89%
Systems Software-0.30%
Application Software-2.14%
Industry PE
  • Investors are most optimistic about the Systems Software industry, which is trading close to its 3-year average PE ratio of 40.0x.
    • Analysts are expecting annual earnings growth of 35.5%, which is lower than the prior year's growth of 204.3% 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 35% 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
ADVE AdvenicaSEK 18.2024.8%
+SEK 159.2m		84.2%PE34.2x
SINCH SinchSEK 31.260.5%
+SEK 136.4m		56.1%PS0.9x
DONE Done.ai GroupSEK 6.3011.1%
+SEK 52.5m		-73.4%PE0.3x
BRIX BrioxSEK 18.503.4%
+SEK 44.6m		270.0%PS51x
VIT B Vitec Software GroupSEK 307.000.3%
+SEK 31.9m		-41.7%PE30.9x

Latest News

ADVE
SEK 18.20
Advenica
7D
24.8%
1Y
84.2%
TRUE B
SEK 18.60
Truecaller
7D
-18.1%
1Y
-63.6%
YUBICO
SEK 76.68
Yubico
7D
-2.0%
1Y
-67.9%
CINT
SEK 2.77
Cint Group
7D
-3.0%
1Y
-79.5%
SINCH
SEK 31.26
Sinch
7D
0.5%
1Y
56.1%
VIT B
SEK 307.00
Vitec Software Group
7D
0.3%
1Y
-41.7%
SLEEP
SEK 25.00
Sleep Cycle
7D
3.7%
1Y
-32.2%

SLEEP: Long Term Profit Margins Will Drive Stronger Future Upside Potential

Analysts have trimmed their price target on Sleep Cycle from approximately $49.00 to $43.00. This reflects expectations for slower revenue growth, partially offset by higher long term profit margins and a lower future price to earnings multiple.
SKOLON
SEK 32.10
Skolon
7D
-6.1%
1Y
14.6%

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
VERT B
SEK 61.40
Vertiseit
7D
-2.5%
1Y
13.7%
AVEN
SEK 7.82
Avensia
7D
-11.3%
1Y
-3.0%

Here's Why We Think Avensia (STO:AVEN) Is Well Worth Watching

Dec 03
Here's Why We Think Avensia (STO:AVEN) Is Well Worth Watching
DONE
SEK 6.30
Done.ai Group
7D
11.1%
1Y
-73.4%

There Are Some Holes In Done.ai Group's (STO:DONE) Solid Earnings Release

Nov 28
There Are Some Holes In Done.ai Group's (STO:DONE) Solid Earnings Release
VALUNO
SEK 1.43
Valuno Group
7D
-11.3%
1Y
-53.6%
LIME
SEK 311.00
Lime Technologies
7D
-0.8%
1Y
-10.6%

Lime Technologies (STO:LIME) Has Announced A Dividend Of SEK2.00

Oct 28
Lime Technologies (STO:LIME) Has Announced A Dividend Of SEK2.00
BRIX
SEK 18.50
Briox
7D
3.4%
1Y
270.0%

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

Sep 10
Will Briox (NGM:BRIX) Spend Its Cash Wisely?
NORDIG
SEK 0.56
Nord Insuretech Group
7D
6.6%
1Y
48.7%

Here's Why Nord Insuretech Group (NGM:NORDIG) Can Afford Some Debt

Jun 25
Here's Why Nord Insuretech Group (NGM:NORDIG) Can Afford Some Debt
NOWO
SEK 6.10
Nowonomics
7D
9.9%
1Y
103.3%