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Swedish (OMX) Application Software Industry Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies56
  • 7D9.0%
  • 3M20.9%
  • 1Y-24.7%
  • YTDn/a

The Application Software industry is up 14% in the last week, with Sinch up 18%. Meanwhile, Terranet actually underperformed within the industry, shrinking 41% in the last week. However, the industry is down 24% over the past year. Looking forward, earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026SEK 64.9bSEK 42.2b-SEK 1,355,164,536.7525.4x-47.9x1.5x
Thu, 09 Apr 2026SEK 51.7bSEK 42.8b-SEK 1,666,837,555.2923.1x-31x1.2x
Sat, 07 Mar 2026SEK 48.4bSEK 42.3b-SEK 1,755,726,917.0722.8x-27.6x1.1x
Mon, 02 Feb 2026SEK 54.5bSEK 44.7bSEK 1.9b25.5x28.4x1.2x
Wed, 31 Dec 2025SEK 63.1bSEK 44.8bSEK 2.0b27.4x32.2x1.4x
Fri, 28 Nov 2025SEK 62.9bSEK 45.7bSEK 2.0b26.7x31.5x1.4x
Sun, 26 Oct 2025SEK 77.8bSEK 46.7b-SEK 3,962,797,686.5927.7x-19.6x1.7x
Tue, 23 Sep 2025SEK 78.5bSEK 46.7b-SEK 3,993,339,969.4131.7x-19.6x1.7x
Thu, 21 Aug 2025SEK 79.9bSEK 46.7b-SEK 3,918,315,225.0632.1x-20.4x1.7x
Sat, 19 Jul 2025SEK 139.5bSEK 49.2b-SEK 2,979,788,103.3930.9x-46.8x2.8x
Mon, 16 Jun 2025SEK 140.5bSEK 49.1b-SEK 3,118,036,839.2128.1x-45.1x2.9x
Wed, 14 May 2025SEK 140.1bSEK 48.2b-SEK 3,087,514,972.9321.4x-45.4x2.9x
Fri, 11 Apr 2025SEK 134.2bSEK 48.6b-SEK 3,169,059,328.9728.4x-42.4x2.8x
Sun, 09 Mar 2025SEK 131.2bSEK 48.5b-SEK 3,545,732,827.2830.4x-37x2.7x
Tue, 04 Feb 2025SEK 136.1bSEK 46.5b-SEK 10,040,001,792.2439.9x-13.6x2.9x
Thu, 02 Jan 2025SEK 124.2bSEK 46.5b-SEK 10,032,960,280.1738.2x-12.4x2.7x
Sat, 30 Nov 2024SEK 118.5bSEK 45.4b-SEK 10,085,119,036.8340.8x-11.7x2.6x
Mon, 28 Oct 2024SEK 123.9bSEK 44.8b-SEK 4,088,325,713.7937.6x-30.3x2.8x
Wed, 25 Sep 2024SEK 119.4bSEK 44.8b-SEK 4,279,602,221.6636.2x-27.9x2.7x
Fri, 23 Aug 2024SEK 115.1bSEK 44.7b-SEK 4,393,622,677.8238.6x-26.2x2.6x
Sun, 21 Jul 2024SEK 118.3bSEK 45.1b-SEK 4,573,713,331.9146.6x-25.9x2.6x
Tue, 18 Jun 2024SEK 114.5bSEK 44.8b-SEK 4,516,612,171.3549.8x-25.3x2.6x
Thu, 16 May 2024SEK 129.0bSEK 47.6b-SEK 4,642,935,855.2251.6x-27.8x2.7x
Sat, 13 Apr 2024SEK 126.1bSEK 48.5b-SEK 4,898,989,017.3856x-25.7x2.6x
Mon, 11 Mar 2024SEK 138.9bSEK 49.3b-SEK 5,020,812,160.8655.9x-27.7x2.8x
Wed, 07 Feb 2024SEK 127.5bSEK 49.2b-SEK 4,673,133,861.7357.9x-27.3x2.6x
Fri, 05 Jan 2024SEK 132.9bSEK 49.5b-SEK 4,653,330,707.0059.2x-28.6x2.7x
Sun, 03 Dec 2023SEK 122.8bSEK 49.5b-SEK 4,699,965,043.0052.5x-26.1x2.5x
Tue, 31 Oct 2023SEK 96.7bSEK 50.3b-SEK 9,667,777,261.0041.6x-10x1.9x
Thu, 28 Sep 2023SEK 113.5bSEK 50.0b-SEK 9,423,082,045.0045.3x-12x2.3x
Sat, 26 Aug 2023SEK 117.6bSEK 50.2b-SEK 9,494,411,153.0042.7x-12.4x2.3x
Mon, 24 Jul 2023SEK 131.0bSEK 49.9b-SEK 9,403,622,291.0041.4x-13.9x2.6x
Wed, 21 Jun 2023SEK 125.8bSEK 49.7b-SEK 9,541,720,242.0040.9x-13.2x2.5x
Fri, 19 May 2023SEK 133.8bSEK 49.5b-SEK 9,385,966,562.0039.3x-14.3x2.7x
Price to Earnings Ratio

-14.3x


Total Market Cap: SEK 133.8bTotal Earnings: -SEK 9,385,966,562.00Total 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 1.5x.
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 5.2% 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 Market1.70%
Tech2.28%
Software8.91%
Application Software9.01%
Systems Software8.17%
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 39.6717.6%
+SEK 4.3b		62.4%PE79x
TRUE B TruecallerSEK 14.4213.0%
+SEK 540.4m		-79.2%PE12.1x
VIT B Vitec Software GroupSEK 264.401.7%
+SEK 186.5m		-42.2%PE24.8x
SLEEP Sleep CycleSEK 24.3058.4%
+SEK 181.7m		-20.3%PE11x
FPIP Formpipe SoftwareSEK 21.6016.1%
+SEK 161.7m		-20.3%PS4.8x

Latest News

SLEEP
SEK 24.30
Sleep Cycle
7D
58.4%
1Y
-20.3%
EFFH
SEK 8.70
Effnetplattformen Holding
7D
97.7%
1Y
188.1%
TERRNT B
SEK 0.11
Terranet
7D
-40.7%
1Y
20.8%
GREAT
SEK 9.70
Greater Than
7D
-11.4%
1Y
-59.6%
TRUE B
SEK 14.42
Truecaller
7D
13.0%
1Y
-79.2%
Analysis Article • May 11

Things Look Grim For Truecaller AB (publ) (STO:TRUE B) After Today's Downgrade

Today is shaping up negative for Truecaller AB (publ) ( STO:TRUE B ) shareholders, with the analysts delivering a...
SINCH
SEK 39.67
Sinch
7D
17.6%
1Y
62.4%
Analysis Article • May 11

Sinch AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Sinch AB (publ) ( STO:SINCH ) just released its latest quarterly results and things are looking bullish. It was overall...
SMCRT
SEK 17.84
SmartCraft Group
7D
2.5%
1Y
n/a
RPLAN
SEK 0.50
Ranplan Group
7D
-54.5%
1Y
n/a
FPIP
SEK 21.60
Formpipe Software
7D
16.1%
1Y
-20.3%
VIT B
SEK 264.40
Vitec Software Group
7D
1.7%
1Y
-42.2%
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).
OBSE
SEK 0.42
Observit
7D
-6.3%
1Y
-23.6%
CFISH
SEK 3.11
Crunchfish
7D
-13.0%
1Y
255.4%
VERT B
SEK 52.00
Vertiseit
7D
-3.3%
1Y
-12.2%
OPTER
SEK 82.00
Opter
7D
8.8%
1Y
-18.8%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
DONE
SEK 8.16
Done.ai Group
7D
-6.6%
1Y
-27.1%