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Swedish (OMX) Application Software Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies57
  • 7D14.4%
  • 3M21.6%
  • 1Y-24.1%
  • YTDn/a

In the last week, the Application Software industry is up 7.3%, with Sinch up 22%. In the same time, Formpipe Software was down 16%. In contrast, the industry has lost 31% in the last 12 months. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026SEK 63.8bSEK 42.2b-SEK 1,408,172,832.0825.1x-45.3x1.5x
Tue, 07 Apr 2026SEK 50.7bSEK 42.8b-SEK 1,673,875,101.9023.4x-30.3x1.2x
Thu, 05 Mar 2026SEK 46.9bSEK 42.3b-SEK 1,690,888,354.8922.9x-27.7x1.1x
Sat, 31 Jan 2026SEK 54.5bSEK 44.7bSEK 1.9b25.5x28.4x1.2x
Mon, 29 Dec 2025SEK 61.8bSEK 44.8bSEK 2.0b26.5x31.6x1.4x
Wed, 26 Nov 2025SEK 61.9bSEK 45.7bSEK 2.0b26.3x30.8x1.4x
Fri, 24 Oct 2025SEK 79.1bSEK 46.7b-SEK 3,958,775,572.8429.9x-20x1.7x
Sun, 21 Sep 2025SEK 78.2bSEK 46.7b-SEK 3,993,292,512.4632x-19.6x1.7x
Tue, 19 Aug 2025SEK 80.9bSEK 46.7b-SEK 3,909,298,974.3732x-20.7x1.7x
Thu, 17 Jul 2025SEK 141.0bSEK 49.2b-SEK 3,076,570,895.6931.2x-45.8x2.9x
Sat, 14 Jun 2025SEK 140.5bSEK 49.1b-SEK 3,118,036,839.2128.1x-45.1x2.9x
Mon, 12 May 2025SEK 136.6bSEK 48.3b-SEK 3,088,315,664.6521.4x-44.2x2.8x
Wed, 09 Apr 2025SEK 132.8bSEK 48.6b-SEK 3,168,452,250.8828.6x-41.9x2.7x
Fri, 07 Mar 2025SEK 133.2bSEK 48.5b-SEK 3,546,425,131.7930.9x-37.6x2.7x
Sun, 02 Feb 2025SEK 136.1bSEK 46.5b-SEK 10,042,582,044.4040.6x-13.6x2.9x
Tue, 31 Dec 2024SEK 124.1bSEK 46.5b-SEK 10,033,371,433.7838.2x-12.4x2.7x
Thu, 28 Nov 2024SEK 116.4bSEK 45.4b-SEK 10,092,009,865.2940.1x-11.5x2.6x
Sat, 26 Oct 2024SEK 123.9bSEK 44.8b-SEK 4,085,338,822.4737.6x-30.3x2.8x
Mon, 23 Sep 2024SEK 124.1bSEK 44.8b-SEK 4,312,985,501.7238.5x-28.8x2.8x
Wed, 21 Aug 2024SEK 115.9bSEK 44.6b-SEK 4,335,706,755.0138.8x-26.7x2.6x
Fri, 19 Jul 2024SEK 116.4bSEK 45.1b-SEK 4,572,909,104.8755.8x-25.5x2.6x
Sun, 16 Jun 2024SEK 114.7bSEK 44.8b-SEK 4,519,719,800.0549.8x-25.4x2.6x
Tue, 14 May 2024SEK 125.5bSEK 47.6b-SEK 4,689,272,286.8352.4x-26.8x2.6x
Thu, 11 Apr 2024SEK 126.8bSEK 48.5b-SEK 4,863,044,221.5957x-26.1x2.6x
Sat, 09 Mar 2024SEK 138.9bSEK 49.3b-SEK 5,026,600,382.3255.9x-27.6x2.8x
Mon, 05 Feb 2024SEK 132.1bSEK 49.8b-SEK 4,691,200,114.0057.8x-28.2x2.7x
Wed, 03 Jan 2024SEK 134.6bSEK 49.5b-SEK 4,647,751,425.0059.1x-29x2.7x
Fri, 01 Dec 2023SEK 123.3bSEK 49.5b-SEK 4,772,636,029.0054.2x-25.8x2.5x
Sun, 29 Oct 2023SEK 94.7bSEK 50.3b-SEK 9,656,721,342.0042.2x-9.8x1.9x
Tue, 26 Sep 2023SEK 116.5bSEK 50.1b-SEK 9,459,741,858.0043.5x-12.3x2.3x
Thu, 24 Aug 2023SEK 122.5bSEK 50.1b-SEK 9,512,745,959.0042.5x-12.9x2.4x
Sat, 22 Jul 2023SEK 131.0bSEK 50.1b-SEK 9,406,016,121.0041.4x-13.9x2.6x
Mon, 19 Jun 2023SEK 129.3bSEK 49.6b-SEK 9,496,807,581.0041.6x-13.6x2.6x
Wed, 17 May 2023SEK 134.6bSEK 49.5b-SEK 9,361,332,231.0039.1x-14.4x2.7x
Price to Earnings Ratio

-14.4x


Total Market Cap: SEK 134.6bTotal Earnings: -SEK 9,361,332,231.00Total Revenue: SEK 49.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -18.4x202420252026
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 1.4x.
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 4.7% 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 Market0.77%
Tech1.27%
Software14.12%
Application Software14.41%
Systems Software12.04%
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 38.9235.2%
+SEK 7.4b		61.1%PE77.5x
TRUE B TruecallerSEK 13.5212.2%
+SEK 480.0m		-79.5%PE11.4x
VIT B Vitec Software GroupSEK 261.202.6%
+SEK 279.7m		-41.7%PE24.5x
EFFH Effnetplattformen HoldingSEK 11.30153.4%
+SEK 92.7m		259.9%n/a
OPTER OpterSEK 82.409.9%
+SEK 44.4m		-18.8%PE23.8x

Latest News

TERRNT B
SEK 0.12
Terranet
7D
-10.0%
1Y
25.5%
CINT
SEK 5.72
Cint Group
7D
-1.0%
1Y
-22.8%
SINCH
SEK 38.92
Sinch
7D
35.2%
1Y
61.1%
SLEEP
SEK 16.66
Sleep Cycle
7D
8.6%
1Y
-46.1%
Narrative Update • May 07

SLEEP: Respiratory Research And Sleep Apnea Solution Will Drive Long Term Upside

Analysts have trimmed their price target on Sleep Cycle from SEK30.75 to about SEK28.83, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Sleep Cycle renewed its partnership with Revolut through June 2027, keeping the app included in exclusive offerings for Premium, Metal and Ultra customers and giving access to a large, premium user base for its sleep optimization features (Client Announcements).
RPLAN
SEK 0.50
Ranplan Group
7D
-54.5%
1Y
n/a
FPIP
SEK 21.50
Formpipe Software
7D
-14.0%
1Y
-22.1%
4C
SEK 7.41
4C Group
7D
12.3%
1Y
-50.8%
VIT B
SEK 261.20
Vitec Software Group
7D
2.6%
1Y
-41.7%
Narrative Update • May 03

VIT B: Rising Dividend Track Record Will Support Future Share Upside

Analysts have revised their price target for Vitec Software Group to SEK580 from SEK568.30, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News The board approved a dividend of SEK 3.68 per share for the 2025 financial year, to be paid in four quarterly installments of SEK 0.92 per share, with a cap of SEK 156,344,798 in total dividends (Key Developments).
CFISH
SEK 3.00
Crunchfish
7D
-17.6%
1Y
252.9%
VERT B
SEK 52.60
Vertiseit
7D
-5.4%
1Y
-9.0%
OPTER
SEK 82.40
Opter
7D
9.9%
1Y
-18.8%
BIM
SEK 4.75
BIMobject
7D
5.2%
1Y
-31.7%
TRUE B
SEK 13.52
Truecaller
7D
12.2%
1Y
-79.5%
Narrative Update • Apr 21

TRUE B: Multi Partner Messaging Shift And New Buy Rating Will Support Repricing

Analysts keep the fair value estimate steady at SEK 68.0, balancing Deutsche Bank's new SEK 15 Buy rating with Nordea's downgrade to Hold, and reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight the SEK 15 price target as support for upside potential relative to the current fair value estimate of SEK 68.0, maintaining a constructive view on the balance of risk and reward.
EFFH
SEK 11.30
Effnetplattformen Holding
7D
153.4%
1Y
259.9%
DONE
SEK 8.28
Done.ai Group
7D
-7.0%
1Y
-29.2%
BRIX
SEK 18.02
Briox
7D
-4.5%
1Y
218.4%
Analysis Article • Feb 13

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

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...