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Swedish (OMX) Application Software Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies60
  • 7D4.8%
  • 3M5.6%
  • 1Y9.6%
  • YTDn/a

In the last week, the Application Software industry is up 3.1%, with Sinch leading the way, up 12%. In the same time, 24SevenOffice Group was down 26%. This takes the industry's 12 month performance to a gain of 12%. Looking forward, earnings are forecast to grow by 39% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025SEK 123.3bSEK 46.5b-SEK 10,041,421,906.1938.7x-12.3x2.7x
Thu, 19 Dec 2024SEK 125.1bSEK 46.2b-SEK 10,048,595,072.1740x-12.4x2.7x
Sat, 16 Nov 2024SEK 117.5bSEK 45.4b-SEK 10,122,435,026.2835.7x-11.6x2.6x
Mon, 14 Oct 2024SEK 118.3bSEK 44.8b-SEK 4,303,416,883.4434.8x-27.5x2.6x
Wed, 11 Sep 2024SEK 119.1bSEK 44.8b-SEK 4,342,183,028.8737.1x-27.4x2.7x
Fri, 09 Aug 2024SEK 115.6bSEK 44.7b-SEK 4,408,286,642.6239x-26.2x2.6x
Sun, 07 Jul 2024SEK 115.1bSEK 44.7b-SEK 4,538,830,098.4249.4x-25.4x2.6x
Tue, 04 Jun 2024SEK 115.0bSEK 44.4b-SEK 4,597,451,783.2247.5x-25x2.6x
Thu, 02 May 2024SEK 126.5bSEK 47.7b-SEK 4,763,366,728.0954.3x-26.6x2.7x
Sat, 30 Mar 2024SEK 128.8bSEK 48.5b-SEK 4,875,879,241.9854.4x-26.4x2.7x
Mon, 26 Feb 2024SEK 138.2bSEK 49.3b-SEK 5,225,456,230.7251.3x-26.4x2.8x
Wed, 24 Jan 2024SEK 135.3bSEK 49.6b-SEK 4,721,558,577.0062.5x-28.7x2.7x
Fri, 22 Dec 2023SEK 136.6bSEK 49.5b-SEK 4,621,749,070.0058.6x-29.6x2.8x
Sun, 19 Nov 2023SEK 115.6bSEK 50.3b-SEK 4,789,067,624.0058.5x-24.1x2.3x
Tue, 17 Oct 2023SEK 110.7bSEK 50.0b-SEK 9,394,258,743.0043.1x-11.8x2.2x
Thu, 14 Sep 2023SEK 116.7bSEK 50.2b-SEK 9,505,448,290.0044.7x-12.3x2.3x
Sat, 12 Aug 2023SEK 127.3bSEK 50.0b-SEK 9,522,033,111.0041.8x-13.4x2.5x
Mon, 10 Jul 2023SEK 122.9bSEK 49.7b-SEK 9,520,941,960.0042.1x-12.9x2.5x
Wed, 07 Jun 2023SEK 127.7bSEK 49.7b-SEK 9,491,693,398.0041x-13.5x2.6x
Fri, 05 May 2023SEK 130.6bSEK 49.4b-SEK 9,292,843,150.0039.9x-14.1x2.6x
Sun, 02 Apr 2023SEK 133.7bSEK 49.0b-SEK 9,129,575,096.0039.4x-14.6x2.7x
Tue, 28 Feb 2023SEK 133.4bSEK 47.8b-SEK 8,872,201,909.0040.1x-15x2.8x
Thu, 26 Jan 2023SEK 141.3bSEK 45.5b-SEK 4,637,971,901.0036.5x-30.5x3.1x
Sat, 24 Dec 2022SEK 129.9bSEK 45.2b-SEK 4,641,072,119.0037.5x-28x2.9x
Mon, 21 Nov 2022SEK 129.0bSEK 45.0b-SEK 4,701,941,111.0036.3x-27.4x2.9x
Wed, 19 Oct 2022SEK 113.7bSEK 40.9bSEK 158.2m39.2x718.6x2.8x
Fri, 16 Sep 2022SEK 124.9bSEK 40.8bSEK 175.2m49x712.7x3.1x
Sun, 14 Aug 2022SEK 147.9bSEK 40.4bSEK 350.5m55.6x422x3.7x
Tue, 12 Jul 2022SEK 138.2bSEK 36.5bSEK 305.7m43.1x452x3.8x
Thu, 09 Jun 2022SEK 159.7bSEK 36.0bSEK 330.4m51.7x483.4x4.4x
Sat, 07 May 2022SEK 152.0bSEK 35.7bSEK 105.7m54.6x1438.2x4.3x
Mon, 04 Apr 2022SEK 184.8bSEK 31.3bSEK 64.5m60x2867.3x5.9x
Wed, 02 Mar 2022SEK 181.5bSEK 31.2bSEK 301.5m58.9x601.9x5.8x
Fri, 28 Jan 2022SEK 199.1bSEK 26.3bSEK 742.3m72.1x268.2x7.6x
Price to Earnings Ratio

268.2x


Total Market Cap: SEK 199.1bTotal Earnings: SEK 742.3mTotal Revenue: SEK 26.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average 352.9x202320242025
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 3.1x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • Total earnings for the Application Software industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 21% 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 Comparison

How does Swedish Application Software compare with similar industries?

SE Market4.42%
Tech6.50%
Software5.73%
Application Software4.83%
Systems Software10.74%
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 21.1212.9%
+SEK 2.0b		-28.5%PS0.6x
VIT B Vitec Software GroupSEK 539.007.6%
+SEK 1.5b		-6.2%PE54.6x
FNOX FortnoxSEK 68.863.0%
+SEK 1.2b		28.1%PE60.9x
TRUE B TruecallerSEK 55.256.8%
+SEK 1.2b		94.5%PE38.7x
K33 K33SEK 0.0660.5%
+SEK 275.9m		280.3%PS1.1x
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Latest News

VIT B

SEK 539.00

Vitec Software Group

7D

7.6%

1Y

-6.2%

Vitec Software Group's (STO:VIT B) Returns Have Hit A Wall

Jan 20
Vitec Software Group's (STO:VIT B) Returns Have Hit A Wall

GREAT

SEK 34.10

Greater Than

7D

16.8%

1Y

-50.6%

K33

SEK 0.06

K33

7D

60.5%

1Y

280.3%

BIM

SEK 5.72

BIMobject

7D

13.5%

1Y

31.5%

Subdued Growth No Barrier To BIMobject AB (STO:BIM) With Shares Advancing 26%

Jan 15
Subdued Growth No Barrier To BIMobject AB (STO:BIM) With Shares Advancing 26%

CINT

SEK 10.96

Cint Group

7D

-1.4%

1Y

18.7%

Would Cint Group (STO:CINT) Be Better Off With Less Debt?

Jan 11
Would Cint Group (STO:CINT) Be Better Off With Less Debt?

247

SEK 19.25

24SevenOffice Group

7D

-25.4%

1Y

100.1%

NEO B

SEK 7.42

Neovici Holding

7D

-4.1%

1Y

n/a

IAR B

SEK 130.00

IAR Systems Group

7D

5.7%

1Y

2.7%

The Trend Of High Returns At IAR Systems Group (STO:IAR B) Has Us Very Interested

Jan 09
The Trend Of High Returns At IAR Systems Group (STO:IAR B) Has Us Very Interested

FPIP

SEK 23.70

Formpipe Software

7D

-8.8%

1Y

-13.5%

SINCH

SEK 21.12

Sinch

7D

12.9%

1Y

-28.5%

VERT B

SEK 51.40

Vertiseit

7D

-1.5%

1Y

96.2%

FNOX

SEK 68.86

Fortnox

7D

3.0%

1Y

28.1%

A Look At The Fair Value Of Fortnox AB (publ) (STO:FNOX)

Dec 30
A Look At The Fair Value Of Fortnox AB (publ) (STO:FNOX)

SKOLON

SEK 29.30

Skolon

7D

-1.7%

1Y

22.6%

We Think Skolon (STO:SKOLON) Can Easily Afford To Drive Business Growth

Dec 28
We Think Skolon (STO:SKOLON) Can Easily Afford To Drive Business Growth

MEGR

SEK 12.30

Mediacle Group

7D

-5.4%

1Y

-18.5%

Mediacle Group AB (publ)'s (NGM:MEGR) Share Price Not Quite Adding Up

Dec 21
Mediacle Group AB (publ)'s (NGM:MEGR) Share Price Not Quite Adding Up

TRUE B

SEK 55.25

Truecaller

7D

6.8%

1Y

94.5%

LIME

SEK 326.00

Lime Technologies

7D

-8.4%

1Y

-4.1%

Lime Technologies' (STO:LIME) Solid Earnings Have Been Accounted For Conservatively

Nov 03
Lime Technologies' (STO:LIME) Solid Earnings Have Been Accounted For Conservatively