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Swedish (OMX) Application Software Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies59
  • 7D6.7%
  • 3M-18.3%
  • 1Y-38.2%
  • YTDn/a

In the last week, the Application Software industry is up 6.7%, with Sinch up 8.9%. In the past year, the industry is down 38%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026SEK 50.7bSEK 42.8b-SEK 1,688,062,825.2223.4x-30x1.2x
Tue, 03 Mar 2026SEK 46.9bSEK 42.3b-SEK 1,689,934,579.7721.9x-27.7x1.1x
Thu, 29 Jan 2026SEK 56.2bSEK 44.7bSEK 1.9b26x29.4x1.3x
Sat, 27 Dec 2025SEK 61.8bSEK 44.8bSEK 2.0b26.4x31.6x1.4x
Mon, 24 Nov 2025SEK 60.9bSEK 45.7bSEK 2.0b26.4x30.2x1.3x
Wed, 22 Oct 2025SEK 78.1bSEK 46.7b-SEK 3,964,439,908.1030x-19.7x1.7x
Fri, 19 Sep 2025SEK 79.3bSEK 46.7b-SEK 3,993,398,549.6232.1x-19.9x1.7x
Sun, 17 Aug 2025SEK 80.0bSEK 46.7b-SEK 3,831,835,824.1131.8x-20.9x1.7x
Tue, 15 Jul 2025SEK 141.8bSEK 49.2b-SEK 3,075,818,020.1430.8x-46.1x2.9x
Thu, 12 Jun 2025SEK 140.2bSEK 49.1b-SEK 3,118,279,125.1528.2x-45x2.9x
Sat, 10 May 2025SEK 136.6bSEK 48.3b-SEK 3,088,315,664.6521.4x-44.2x2.8x
Mon, 07 Apr 2025SEK 133.3bSEK 48.5b-SEK 3,172,977,001.6429.6x-42x2.7x
Wed, 05 Mar 2025SEK 133.0bSEK 48.5b-SEK 3,564,698,579.9131.3x-37.3x2.7x
Fri, 31 Jan 2025SEK 133.8bSEK 46.5b-SEK 10,038,805,532.0940.8x-13.3x2.9x
Sun, 29 Dec 2024SEK 124.9bSEK 46.5b-SEK 10,046,226,552.0939.5x-12.4x2.7x
Tue, 26 Nov 2024SEK 116.4bSEK 45.4b-SEK 10,084,916,179.2138.9x-11.5x2.6x
Thu, 24 Oct 2024SEK 117.6bSEK 45.0b-SEK 4,314,793,695.5435.8x-27.3x2.6x
Sat, 21 Sep 2024SEK 124.1bSEK 44.8b-SEK 4,312,985,501.7238.5x-28.8x2.8x
Mon, 19 Aug 2024SEK 112.7bSEK 44.7b-SEK 4,409,021,966.7238.3x-25.6x2.5x
Wed, 17 Jul 2024SEK 117.9bSEK 45.1b-SEK 4,566,027,676.0856.2x-25.8x2.6x
Fri, 14 Jun 2024SEK 117.7bSEK 44.8b-SEK 4,517,199,882.7053x-26.1x2.6x
Sun, 12 May 2024SEK 125.0bSEK 47.7b-SEK 4,679,294,882.2652.5x-26.7x2.6x
Tue, 09 Apr 2024SEK 128.0bSEK 48.4b-SEK 4,840,302,763.2358.3x-26.4x2.6x
Thu, 07 Mar 2024SEK 138.3bSEK 49.3b-SEK 5,200,594,100.4454.2x-26.6x2.8x
Sat, 03 Feb 2024SEK 132.1bSEK 49.8b-SEK 4,691,200,114.0057.8x-28.2x2.7x
Mon, 01 Jan 2024SEK 140.9bSEK 49.5b-SEK 4,632,764,907.0058.7x-30.4x2.8x
Wed, 29 Nov 2023SEK 119.7bSEK 50.3b-SEK 4,743,396,529.0055.2x-25.2x2.4x
Fri, 27 Oct 2023SEK 103.0bSEK 50.3b-SEK 9,675,432,765.0042.6x-10.6x2x
Sun, 24 Sep 2023SEK 118.4bSEK 50.2b-SEK 9,514,015,250.0045.4x-12.4x2.4x
Tue, 22 Aug 2023SEK 121.8bSEK 50.2b-SEK 9,598,086,387.0042.3x-12.7x2.4x
Thu, 20 Jul 2023SEK 131.3bSEK 49.9b-SEK 9,285,603,540.0042.9x-14.1x2.6x
Sat, 17 Jun 2023SEK 129.3bSEK 49.6b-SEK 9,486,411,839.0041.6x-13.6x2.6x
Mon, 15 May 2023SEK 134.6bSEK 49.5b-SEK 9,348,745,081.0038.4x-14.4x2.7x
Wed, 12 Apr 2023SEK 131.6bSEK 49.1b-SEK 9,183,236,812.0038.6x-14.3x2.7x
Price to Earnings Ratio

-14.3x


Total Market Cap: SEK 131.6bTotal Earnings: -SEK 9,183,236,812.00Total Revenue: SEK 49.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -17.7x202420252026
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 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 4.4% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Comparison

How does Swedish Application Software compare with similar industries?

SE Market3.68%
Tech1.83%
Software6.50%
Application Software6.67%
Systems Software5.23%
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
SINCH SinchSEK 25.328.9%
+SEK 1.5b		43.9%PE85.5x
VIT B Vitec Software GroupSEK 241.809.8%
+SEK 861.6m		-52.7%PE22.2x
SMCRT SmartCraft GroupSEK 17.348.1%
+SEK 208.3m		n/aPE34.4x
TRUE B TruecallerSEK 10.655.8%
+SEK 185.9m		-84.1%PE9x
LIME Lime TechnologiesSEK 206.503.8%
+SEK 99.9m		-39.4%PE24.6x

Latest News

VIT B
SEK 241.80
Vitec Software Group
7D
9.8%
1Y
-52.7%
SMCRT
SEK 17.34
SmartCraft Group
7D
8.1%
1Y
n/a
CFISH
SEK 2.69
Crunchfish
7D
-3.8%
1Y
283.7%
FPIP
SEK 22.90
Formpipe Software
7D
3.2%
1Y
-12.6%
LIME
SEK 206.50
Lime Technologies
7D
3.8%
1Y
-39.4%

LIME: AI Expansion And Buyback Authorization Will Support Future Upside

Analysts have nudged their price target for Lime Technologies slightly higher to SEK332.75 from SEK332, reflecting small model adjustments to revenue growth, profit margins and future P/E assumptions. What's in the News Lime Technologies has a proposal for a split dividend in 2026, with the first record date on 4 May 2026 and expected payment on 7 May 2026 through Euroclear Sweden AB, subject to approval at the annual general meeting (Key Developments).
SINCH
SEK 25.32
Sinch
7D
8.9%
1Y
43.9%

SINCH: Future Upside Will Hinge On AI Agent Execution

Sinch’s analyst price target range is now SEK 18 to SEK 29, reflecting a mix of lower targets such as Goldman Sachs at SEK 18 and higher ones like SEK 29, as analysts reassess the stock based on updated ratings and sector views. Analyst Commentary Recent Street research on Sinch shows a split view, with some analysts turning more constructive while others stay cautious or move to more neutral stances.
TRUE B
SEK 10.65
Truecaller
7D
5.8%
1Y
-84.1%

TRUE B: Global Ad Reseller Deals And Buybacks Will Support Future Rerating

Analysts now anchor their Truecaller view around a SEK 15.0 price target. The change in stance reflects mixed rating actions but broadly consistent assumptions on fair value, discount rate and future P/E multiples.
VERT B
SEK 54.80
Vertiseit
7D
-2.8%
1Y
0%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
4C
SEK 8.44
4C Group
7D
-3.9%
1Y
-44.5%
AMIDO
SEK 3.64
Amido
7D
-8.5%
1Y
-6.7%
RPLAN
SEK 1.10
Ranplan Group
7D
-12.0%
1Y
n/a
XMR
SEK 0.025
XMReality
7D
-12.0%
1Y
71.2%
BRIX
SEK 19.30
Briox
7D
4.3%
1Y
286.0%

Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation

Feb 13
Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation
MODEL
SEK 9.70
Modelon
7D
38.6%
1Y
-22.4%
VALUNO
SEK 0.25
Valuno Group
7D
-8.8%
1Y
-89.4%