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Swedish (OMX) Software Industry Analysis

UpdatedJul 17, 2025
DataAggregated Company Financials
Companies66
  • 7D-4.6%
  • 3M0.5%
  • 1Y5.2%
  • YTD2.0%

Over the last 7 days, the Software industry has dropped 4.6%, driven by Vitec Software Group declining 22%. On the other hand Vertiseit is actually up 10%. Over the past 12 months, the industry was up 5.2%. Looking forward, earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Jul 2025SEK 155.9bSEK 52.5b-SEK 2,683,217,895.6933.6x-58.1x3x
Sat, 14 Jun 2025SEK 155.8bSEK 52.4b-SEK 2,724,683,839.2131.1x-57.2x3x
Mon, 12 May 2025SEK 155.6bSEK 51.4b-SEK 2,668,238,664.6530.6x-58.3x3x
Wed, 09 Apr 2025SEK 150.1bSEK 51.7b-SEK 2,766,807,250.8830.8x-54.3x2.9x
Fri, 07 Mar 2025SEK 155.2bSEK 51.6b-SEK 3,144,473,131.7936.6x-49.4x3x
Sun, 02 Feb 2025SEK 161.0bSEK 49.6b-SEK 9,676,973,074.4040.6x-16.6x3.2x
Tue, 31 Dec 2024SEK 147.4bSEK 49.6b-SEK 9,691,265,463.7840.5x-15.2x3x
Thu, 28 Nov 2024SEK 142.5bSEK 48.5b-SEK 9,749,903,895.2940.9x-14.6x2.9x
Sat, 26 Oct 2024SEK 151.0bSEK 47.8b-SEK 3,940,860,852.4742.4x-38.3x3.2x
Mon, 23 Sep 2024SEK 146.5bSEK 47.7b-SEK 4,180,036,531.7238.9x-35.1x3.1x
Wed, 21 Aug 2024SEK 144.9bSEK 47.6b-SEK 4,200,261,785.0153.6x-34.5x3x
Fri, 19 Jul 2024SEK 142.9bSEK 47.8b-SEK 4,478,890,104.8756.6x-31.9x3x
Sun, 16 Jun 2024SEK 138.3bSEK 47.6b-SEK 4,425,700,800.0556.8x-31.3x2.9x
Tue, 14 May 2024SEK 145.4bSEK 50.3b-SEK 4,620,946,286.8353.3x-31.5x2.9x
Thu, 11 Apr 2024SEK 145.3bSEK 51.2b-SEK 4,775,516,221.5950.6x-30.4x2.8x
Sat, 09 Mar 2024SEK 158.2bSEK 52.1b-SEK 4,939,922,382.3258x-32x3x
Mon, 05 Feb 2024SEK 147.0bSEK 50.6b-SEK 4,751,090,498.0058x-30.9x2.9x
Wed, 03 Jan 2024SEK 147.6bSEK 50.3b-SEK 4,702,311,809.0065.4x-31.4x2.9x
Fri, 01 Dec 2023SEK 134.4bSEK 50.4b-SEK 4,827,196,413.0058.6x-27.8x2.7x
Sun, 29 Oct 2023SEK 105.0bSEK 51.1b-SEK 9,709,650,726.0044x-10.8x2.1x
Tue, 26 Sep 2023SEK 118.5bSEK 50.9b-SEK 9,522,929,242.0044.9x-12.4x2.3x
Thu, 24 Aug 2023SEK 124.5bSEK 50.9b-SEK 9,576,544,343.0045.7x-13x2.4x
Sat, 22 Jul 2023SEK 132.9bSEK 50.9b-SEK 9,463,243,505.0041.9x-14x2.6x
Mon, 19 Jun 2023SEK 131.1bSEK 50.4b-SEK 9,556,962,965.0039.1x-13.7x2.6x
Wed, 17 May 2023SEK 136.4bSEK 50.3b-SEK 9,429,370,231.0038.2x-14.5x2.7x
Fri, 14 Apr 2023SEK 133.3bSEK 49.8b-SEK 9,240,308,888.0040.3x-14.4x2.7x
Sun, 12 Mar 2023SEK 136.4bSEK 49.4b-SEK 9,235,109,070.0042.1x-14.8x2.8x
Tue, 07 Feb 2023SEK 148.9bSEK 46.7b-SEK 4,820,847,913.0041.1x-30.9x3.2x
Thu, 05 Jan 2023SEK 142.3bSEK 46.2b-SEK 4,757,909,995.0032.7x-29.9x3.1x
Sat, 03 Dec 2022SEK 136.0bSEK 45.7b-SEK 4,810,866,869.0032.1x-28.3x3x
Mon, 31 Oct 2022SEK 126.1bSEK 42.3bSEK 52.4m38x2404.7x3x
Wed, 28 Sep 2022SEK 109.9bSEK 41.7bSEK 36.1m33.2x3048.3x2.6x
Fri, 26 Aug 2022SEK 131.4bSEK 41.4bSEK 76.2m41x1723.9x3.2x
Sun, 24 Jul 2022SEK 151.6bSEK 40.9bSEK 145.7m41.3x1040.1x3.7x
Price to Earnings Ratio

1040.1x


Total Market Cap: SEK 151.6bTotal Earnings: SEK 145.7mTotal Revenue: SEK 40.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average 177.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Swedish Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
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 8.7% 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-1.00%
Tech-2.59%
Software-4.61%
Systems Software-1.54%
Application Software-4.93%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 31.4x.
    • Analysts are expecting annual earnings growth of 23.2%, which is lower than the prior year's growth of 148.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings growth rate of 21% per year.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 23% 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
VERT B VertiseitSEK 72.4010.0%
+SEK 199.0m		47.8%PE59.1x
RPLAN Ranplan GroupSEK 1.89168.1%
+SEK 91.4m		57.5%PS6.3x
DONE Done.ai GroupSEK 10.965.6%
+SEK 42.7m		-49.0%PE0.4x
LITI LitiumSEK 13.7022.3%
+SEK 41.5m		22.9%PE917.7x
BRIX BrioxSEK 9.865.1%
+SEK 33.4m		325.0%PS28.4x

Latest News

LITI
SEK 13.70
Litium
7D
22.3%
1Y
22.9%
LIME
SEK 389.50
Lime Technologies
7D
-4.5%
1Y
4.0%

Here's What Analysts Are Forecasting For Lime Technologies AB (publ) (STO:LIME) After Its Second-Quarter Results

Jul 15
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VIT B
SEK 381.20
Vitec Software Group
7D
-22.3%
1Y
-32.4%
ONEF
SEK 23.50
Oneflow
7D
-13.3%
1Y
-36.3%

Oneflow (STO:ONEF) Is In A Good Position To Deliver On Growth Plans

Jul 10
Oneflow (STO:ONEF) Is In A Good Position To Deliver On Growth Plans
VERT B
SEK 72.40
Vertiseit
7D
10.0%
1Y
47.8%
CLAV
SEK 4.18
Clavister Holding AB (publ.)
7D
-15.0%
1Y
205.1%

Why We're Not Concerned Yet About Clavister Holding AB (publ.)'s (STO:CLAV) 27% Share Price Plunge

Jul 08
Why We're Not Concerned Yet About Clavister Holding AB (publ.)'s (STO:CLAV) 27% Share Price Plunge
SINCH
SEK 29.06
Sinch
7D
-2.2%
1Y
25.2%

Sinch (STO:SINCH) Has A Pretty Healthy Balance Sheet

Jul 07
Sinch (STO:SINCH) Has A Pretty Healthy Balance Sheet
MSAB B
SEK 58.20
Micro Systemation
7D
1.4%
1Y
21.0%
ADVE
SEK 26.05
Advenica
7D
-8.0%
1Y
54.1%

Investors Will Want Advenica's (STO:ADVE) Growth In ROCE To Persist

Jun 30
Investors Will Want Advenica's (STO:ADVE) Growth In ROCE To Persist
DONE
SEK 10.96
Done.ai Group
7D
5.6%
1Y
-49.0%
TRUE B
SEK 64.15
Truecaller
7D
-8.4%
1Y
80.7%
RPLAN
SEK 1.89
Ranplan Group
7D
168.1%
1Y
57.5%
CINT
SEK 8.25
Cint Group
7D
-6.8%
1Y
-17.9%
UPSALE
SEK 33.60
Upsales Technology
7D
4.0%
1Y
-0.6%
BRIX
SEK 9.86
Briox
7D
5.1%
1Y
325.0%

Is Briox (NGM:BRIX) In A Good Position To Deliver On Growth Plans?

Feb 25
Is Briox (NGM:BRIX) In A Good Position To Deliver On Growth Plans?
NOWO
SEK 5.95
Nowonomics
7D
10.2%
1Y
54.9%