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Swedish (OMX) Application Software Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies56
  • 7D1.4%
  • 3M35.9%
  • 1Y-26.3%
  • YTDn/a

The Application Software industry is up 1.4% in the last week, with Vitec Software Group up 8.5%. However, the industry is down 26% over the past year. Looking forward, earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026SEK 63.9bSEK 42.2b-SEK 1,442,120,251.0225.8x-44.3x1.5x
Sat, 18 Apr 2026SEK 55.2bSEK 42.8b-SEK 1,648,600,388.3826.7x-33.5x1.3x
Mon, 16 Mar 2026SEK 47.7bSEK 42.2b-SEK 1,748,086,486.3022x-27.3x1.1x
Wed, 11 Feb 2026SEK 52.6bSEK 44.8bSEK 2.0b22.8x27x1.2x
Fri, 09 Jan 2026SEK 61.2bSEK 44.8bSEK 1.9b27.3x31.9x1.4x
Sun, 07 Dec 2025SEK 63.0bSEK 44.9bSEK 2.0b26x32.2x1.4x
Tue, 04 Nov 2025SEK 74.4bSEK 46.7b-SEK 3,977,984,023.0729.6x-18.7x1.6x
Thu, 02 Oct 2025SEK 75.3bSEK 46.7b-SEK 3,968,390,016.1030.9x-19x1.6x
Sat, 30 Aug 2025SEK 78.9bSEK 46.6b-SEK 3,908,385,679.6232.8x-20.2x1.7x
Mon, 28 Jul 2025SEK 141.5bSEK 48.8b-SEK 3,016,277,608.3536.5x-46.9x2.9x
Wed, 25 Jun 2025SEK 139.9bSEK 49.2b-SEK 3,087,041,763.3429.5x-45.3x2.8x
Fri, 23 May 2025SEK 136.8bSEK 48.2b-SEK 3,087,536,120.7522.5x-44.3x2.8x
Sun, 20 Apr 2025SEK 136.9bSEK 48.5b-SEK 3,166,826,774.9920.8x-43.2x2.8x
Tue, 18 Mar 2025SEK 130.4bSEK 48.5b-SEK 3,548,792,100.7329.9x-36.7x2.7x
Thu, 13 Feb 2025SEK 139.7bSEK 46.6b-SEK 9,638,006,988.9832.6x-14.5x3x
Sat, 11 Jan 2025SEK 119.6bSEK 46.5b-SEK 10,046,813,560.2939.9x-11.9x2.6x
Mon, 09 Dec 2024SEK 126.8bSEK 46.2b-SEK 10,075,618,731.2238.3x-12.6x2.7x
Wed, 06 Nov 2024SEK 128.9bSEK 44.9b-SEK 4,132,367,979.4737.5x-31.2x2.9x
Fri, 04 Oct 2024SEK 118.8bSEK 44.8b-SEK 4,317,437,358.0237x-27.5x2.7x
Sun, 01 Sep 2024SEK 117.5bSEK 44.8b-SEK 4,298,537,692.2834.4x-27.3x2.6x
Tue, 30 Jul 2024SEK 120.1bSEK 44.8b-SEK 4,584,365,394.6637.5x-26.2x2.7x
Thu, 27 Jun 2024SEK 116.2bSEK 44.7b-SEK 4,508,984,386.4549.4x-25.8x2.6x
Sat, 25 May 2024SEK 125.8bSEK 47.2b-SEK 4,584,937,687.0052.5x-27.4x2.7x
Mon, 22 Apr 2024SEK 121.0bSEK 48.6b-SEK 4,908,286,737.3048.2x-24.6x2.5x
Wed, 20 Mar 2024SEK 128.9bSEK 48.4b-SEK 4,778,502,714.1556.2x-27x2.7x
Fri, 16 Feb 2024SEK 144.3bSEK 49.3b-SEK 4,926,067,247.0660.6x-29.3x2.9x
Sun, 14 Jan 2024SEK 135.3bSEK 49.6b-SEK 4,686,185,268.0061.3x-28.9x2.7x
Tue, 12 Dec 2023SEK 130.6bSEK 49.5b-SEK 4,676,022,624.0056.5x-27.9x2.6x
Thu, 09 Nov 2023SEK 108.3bSEK 50.3b-SEK 4,869,432,340.0050.1x-22.2x2.2x
Sat, 07 Oct 2023SEK 113.1bSEK 50.0b-SEK 9,417,206,706.0043.7x-12x2.3x
Mon, 04 Sep 2023SEK 120.0bSEK 50.1b-SEK 9,489,289,197.0042.3x-12.6x2.4x
Wed, 02 Aug 2023SEK 133.4bSEK 49.9b-SEK 9,445,198,033.0043.7x-14.1x2.7x
Fri, 30 Jun 2023SEK 125.0bSEK 49.7b-SEK 9,546,578,047.0041.1x-13.1x2.5x
Sun, 28 May 2023SEK 129.2bSEK 49.7b-SEK 9,467,273,303.0039.3x-13.6x2.6x
Price to Earnings Ratio

-13.6x


Total Market Cap: SEK 129.2bTotal Earnings: -SEK 9,467,273,303.00Total Revenue: SEK 49.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -18.7x202420252026
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 2.3x is higher than the industry's current PS ratio of 1.5x.
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 5.3% 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 Market0.71%
Tech5.58%
Software1.47%
Application Software1.41%
Systems Software1.85%
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
VIT B Vitec Software GroupSEK 283.0015.4%
+SEK 1.6b		-39.3%PE26.6x
SINCH SinchSEK 38.774.9%
+SEK 1.3b		48.5%PE77.2x
LIME Lime TechnologiesSEK 228.009.6%
+SEK 266.5m		-43.8%PE26.7x
CINT Cint GroupSEK 5.912.6%
+SEK 53.3m		-21.1%PS1.3x
NORDIG Nord Insuretech GroupSEK 0.8014.4%
+SEK 37.0m		242.7%PS68.7x

Latest News

NORDIG
SEK 0.80
Nord Insuretech Group
7D
14.4%
1Y
242.7%
VIT B
SEK 283.00
Vitec Software Group
7D
15.4%
1Y
-39.3%
CFISH
SEK 2.92
Crunchfish
7D
-9.9%
1Y
233.3%
TRUE B
SEK 13.70
Truecaller
7D
-1.5%
1Y
-79.6%
SINCH
SEK 38.77
Sinch
7D
4.9%
1Y
48.5%
SMCRT
SEK 16.00
SmartCraft Group
7D
-5.9%
1Y
n/a
ONEF
SEK 17.25
Oneflow
7D
-5.2%
1Y
-34.4%
Narrative Update • May 11

ONEF: Future P/E Expansion Will Drive Bullish Repricing

Analysts have revised their price target on Oneflow from SEK33 to SEK25, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and a significantly higher projected future P/E multiple. Valuation Changes Fair Value: reduced from SEK33 to SEK25.0. This indicates an updated view of what the stock might be worth per share.
TERRNT B
SEK 0.13
Terranet
7D
9.2%
1Y
43.2%
LIME
SEK 228.00
Lime Technologies
7D
9.6%
1Y
-43.8%
CINT
SEK 5.91
Cint Group
7D
2.6%
1Y
-21.1%
SKOLON
SEK 17.20
Skolon
7D
-9.0%
1Y
-46.4%
FPIP
SEK 19.70
Formpipe Software
7D
-8.4%
1Y
-27.3%
4C
SEK 7.63
4C Group
7D
7.5%
1Y
-56.1%
OBSE
SEK 0.46
Observit
7D
7.1%
1Y
-17.3%
VERT B
SEK 46.70
Vertiseit
7D
-4.7%
1Y
-21.4%
BIM
SEK 4.23
BIMobject
7D
-6.5%
1Y
-42.8%