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Swedish (OMX) Application Software Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies58
  • 7D-8.0%
  • 3M-17.4%
  • 1Y-42.6%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 3.1%, driven by pullbacks in Sinch and Vitec Software Group of 4.3% and 7.7%, respectively. In contrast, Skolon has gained 16%. However, the industry is down 37% over the past year. Looking forward, earnings are forecast to grow by 48% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026SEK 51.7bSEK 44.7bSEK 1.9b23.1x26.9x1.2x
Sat, 03 Jan 2026SEK 61.2bSEK 44.8bSEK 2.0b27.4x31.2x1.4x
Mon, 01 Dec 2025SEK 63.4bSEK 44.9bSEK 2.0b26.5x32.1x1.4x
Wed, 29 Oct 2025SEK 75.5bSEK 46.7b-SEK 3,985,865,247.8629.9x-19x1.6x
Fri, 26 Sep 2025SEK 76.4bSEK 46.7b-SEK 3,968,270,187.4031.1x-19.3x1.6x
Sun, 24 Aug 2025SEK 81.1bSEK 46.7b-SEK 3,923,800,354.9532.3x-20.7x1.7x
Tue, 22 Jul 2025SEK 139.4bSEK 49.3b-SEK 2,964,213,604.1434.9x-47x2.8x
Thu, 19 Jun 2025SEK 140.9bSEK 49.2b-SEK 3,087,100,541.4328.4x-45.7x2.9x
Sat, 17 May 2025SEK 139.6bSEK 48.3b-SEK 3,089,226,579.9422.2x-45.2x2.9x
Mon, 14 Apr 2025SEK 133.3bSEK 48.6b-SEK 3,172,518,318.1228.4x-42x2.7x
Wed, 12 Mar 2025SEK 127.1bSEK 48.5b-SEK 3,551,528,610.2628.7x-35.8x2.6x
Fri, 07 Feb 2025SEK 140.9bSEK 46.6b-SEK 9,940,474,956.5039.6x-14.2x3x
Sun, 05 Jan 2025SEK 125.5bSEK 46.5b-SEK 10,024,126,645.6741.1x-12.5x2.7x
Tue, 03 Dec 2024SEK 122.3bSEK 46.3b-SEK 10,072,887,094.8540.9x-12.1x2.6x
Thu, 31 Oct 2024SEK 126.6bSEK 44.9b-SEK 4,142,024,648.1237.8x-30.6x2.8x
Sat, 28 Sep 2024SEK 120.8bSEK 44.7b-SEK 4,220,885,731.2236.9x-28.6x2.7x
Mon, 26 Aug 2024SEK 116.7bSEK 44.8b-SEK 4,382,806,503.8435.2x-26.6x2.6x
Wed, 24 Jul 2024SEK 119.5bSEK 44.8b-SEK 4,529,508,704.1636.7x-26.4x2.7x
Fri, 21 Jun 2024SEK 113.2bSEK 44.7b-SEK 4,486,584,937.6450.6x-25.2x2.5x
Sun, 19 May 2024SEK 129.4bSEK 47.6b-SEK 4,649,072,902.7250.8x-27.8x2.7x
Tue, 16 Apr 2024SEK 125.7bSEK 48.5b-SEK 4,882,947,581.9252.8x-25.7x2.6x
Thu, 14 Mar 2024SEK 132.1bSEK 48.3b-SEK 4,712,185,309.9257.6x-28x2.7x
Sat, 10 Feb 2024SEK 132.2bSEK 49.4b-SEK 4,919,973,151.7959.6x-26.9x2.7x
Mon, 08 Jan 2024SEK 134.4bSEK 49.6b-SEK 4,669,303,098.0058.6x-28.8x2.7x
Wed, 06 Dec 2023SEK 124.5bSEK 49.5b-SEK 4,714,811,107.0054.2x-26.4x2.5x
Fri, 03 Nov 2023SEK 101.2bSEK 50.3b-SEK 9,750,764,784.0044.8x-10.4x2x
Sun, 01 Oct 2023SEK 116.0bSEK 50.0b-SEK 9,402,541,616.0043.9x-12.3x2.3x
Tue, 29 Aug 2023SEK 119.3bSEK 50.2b-SEK 9,473,976,153.0042.1x-12.6x2.4x
Thu, 27 Jul 2023SEK 136.8bSEK 49.9b-SEK 9,404,983,865.0043.2x-14.5x2.7x
Sat, 24 Jun 2023SEK 124.7bSEK 49.7b-SEK 9,501,306,109.0041.8x-13.1x2.5x
Mon, 22 May 2023SEK 134.5bSEK 49.5b-SEK 9,400,928,845.0039.3x-14.3x2.7x
Wed, 19 Apr 2023SEK 131.2bSEK 48.7b-SEK 9,145,311,740.0039.1x-14.3x2.7x
Fri, 17 Mar 2023SEK 132.6bSEK 48.5b-SEK 9,069,392,665.0039.1x-14.6x2.7x
Sun, 12 Feb 2023SEK 144.1bSEK 42.4b-SEK 4,494,656,689.0032.6x-32.1x3.4x
Price to Earnings Ratio

-32.1x


Total Market Cap: SEK 144.1bTotal Earnings: -SEK 4,494,656,689.00Total Revenue: SEK 42.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -19.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Application 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 28.4x which is higher than its 3-year average PE of -19.4x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • Total earnings for the Application 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 Comparison

How does Swedish Application Software compare with similar industries?

SE Market1.41%
Tech-1.14%
Software-7.37%
Application Software-7.96%
Systems Software-3.92%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BIM BIMobjectSEK 4.959.0%
+SEK 60.5m		-15.5%PS4x
4C 4C GroupSEK 13.0013.5%
+SEK 59.3m		6.6%PS1.4x
SKOLON SkolonSEK 28.508.4%
+SEK 58.4m		-13.9%PS4.1x
NOWO NowonomicsSEK 7.0022.8%
+SEK 33.0m		84.2%PS9.8x
NORDIG Nord Insuretech GroupSEK 0.616.0%
+SEK 12.6m		92.2%PS64.7x

Latest News

SLEEP
SEK 19.40
Sleep Cycle
7D
-18.1%
1Y
-55.2%
VIT B
SEK 233.40
Vitec Software Group
7D
-11.6%
1Y
-62.0%
SINCH
SEK 25.16
Sinch
7D
-9.7%
1Y
4.2%
TRUE B
SEK 15.19
Truecaller
7D
-1.6%
1Y
-77.8%

TRUE B: Marketplace Model Concerns Will Create Longer Term Entry Opportunity

Analysts now see Truecaller’s fair value at $21.00, down from $60.00. This reflects more cautious assumptions on revenue growth, profit margins and future P/E multiples in light of recent sector commentary that highlights slower rollout timelines and more listing-style business models at peers.
DONE
SEK 9.78
Done.ai Group
7D
-16.3%
1Y
-51.0%
ONEF
SEK 21.70
Oneflow
7D
-10.7%
1Y
-44.4%

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
CFISH
SEK 2.67
Crunchfish
7D
3.3%
1Y
207.0%

Is Crunchfish (STO:CFISH) In A Good Position To Invest In Growth?

Jan 04
Is Crunchfish (STO:CFISH) In A Good Position To Invest In Growth?
4C
SEK 13.00
4C Group
7D
13.5%
1Y
6.6%
VERT B
SEK 57.40
Vertiseit
7D
-6.5%
1Y
0.3%

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 235.00
Lime Technologies
7D
-11.3%
1Y
-30.8%
SKOLON
SEK 28.50
Skolon
7D
8.4%
1Y
-13.9%

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
BIM
SEK 4.95
BIMobject
7D
9.0%
1Y
-15.5%
RMDX
SEK 1.14
Railway Metrics and Dynamics Sweden
7D
14.0%
1Y
11.8%
NORDIG
SEK 0.61
Nord Insuretech Group
7D
6.0%
1Y
92.2%

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
CDMIL
SEK 16.10
CodeMill
7D
4.2%
1Y
15.0%
NOWO
SEK 7.00
Nowonomics
7D
22.8%
1Y
84.2%