Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Application Software Industry Analysis

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

Over the last 7 days, the Application Software industry has risen 9.0%, driven by gains from Sinch of 18%. Meanwhile, Terranet actually underperformed within the industry, shrinking 41% in the last week. In the past year, the industry is down 25%. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026SEK 64.9bSEK 42.2b-SEK 1,355,164,536.7525.4x-47.9x1.5x
Fri, 10 Apr 2026SEK 50.5bSEK 42.8b-SEK 1,663,766,494.3322.7x-30.3x1.2x
Sun, 08 Mar 2026SEK 48.5bSEK 42.2b-SEK 1,742,222,409.0722.8x-27.8x1.1x
Tue, 03 Feb 2026SEK 53.6bSEK 44.7bSEK 1.9b25.1x28x1.2x
Thu, 01 Jan 2026SEK 63.1bSEK 44.8bSEK 2.0b27.4x32.2x1.4x
Sat, 29 Nov 2025SEK 63.4bSEK 45.7bSEK 2.0b26.5x31.7x1.4x
Mon, 27 Oct 2025SEK 78.0bSEK 46.7b-SEK 3,984,907,784.6830.2x-19.6x1.7x
Wed, 24 Sep 2025SEK 77.8bSEK 46.7b-SEK 3,968,326,941.1731.4x-19.6x1.7x
Fri, 22 Aug 2025SEK 80.4bSEK 46.7b-SEK 3,933,534,934.5032.4x-20.4x1.7x
Sun, 20 Jul 2025SEK 139.4bSEK 49.3b-SEK 2,964,091,103.3934.2x-47x2.8x
Tue, 17 Jun 2025SEK 141.1bSEK 49.1b-SEK 3,118,182,315.4928.4x-45.3x2.9x
Thu, 15 May 2025SEK 140.4bSEK 48.3b-SEK 3,087,771,935.2021.5x-45.5x2.9x
Sat, 12 Apr 2025SEK 133.3bSEK 48.6b-SEK 3,170,298,318.1228.4x-42.1x2.7x
Mon, 10 Mar 2025SEK 131.2bSEK 48.5b-SEK 3,545,732,827.2830.4x-37x2.7x
Wed, 05 Feb 2025SEK 134.8bSEK 46.5b-SEK 9,988,566,454.5539.9x-13.5x2.9x
Fri, 03 Jan 2025SEK 126.5bSEK 46.5b-SEK 10,019,569,446.9040.1x-12.6x2.7x
Sun, 01 Dec 2024SEK 118.5bSEK 46.2b-SEK 10,066,599,108.4140.8x-11.8x2.6x
Tue, 29 Oct 2024SEK 126.3bSEK 44.9b-SEK 4,109,130,441.4438.1x-30.7x2.8x
Thu, 26 Sep 2024SEK 118.7bSEK 44.8b-SEK 4,305,596,199.3336.8x-27.6x2.7x
Sat, 24 Aug 2024SEK 116.7bSEK 44.8b-SEK 4,413,141,570.8439x-26.4x2.6x
Mon, 22 Jul 2024SEK 118.3bSEK 44.8b-SEK 4,551,478,035.1746.6x-26x2.6x
Wed, 19 Jun 2024SEK 114.6bSEK 44.8b-SEK 4,496,859,317.1850.3x-25.5x2.6x
Fri, 17 May 2024SEK 128.8bSEK 47.6b-SEK 4,658,788,976.1750.7x-27.6x2.7x
Sun, 14 Apr 2024SEK 126.1bSEK 48.5b-SEK 4,898,989,017.3856x-25.7x2.6x
Tue, 12 Mar 2024SEK 137.6bSEK 49.3b-SEK 5,025,233,660.1155.6x-27.4x2.8x
Thu, 08 Feb 2024SEK 129.7bSEK 49.2b-SEK 4,667,434,117.8658x-27.8x2.6x
Sat, 06 Jan 2024SEK 134.4bSEK 49.6b-SEK 4,667,983,409.0058.6x-28.8x2.7x
Mon, 04 Dec 2023SEK 122.8bSEK 49.5b-SEK 4,699,965,043.0052.5x-26.1x2.5x
Wed, 01 Nov 2023SEK 98.7bSEK 50.3b-SEK 9,663,202,771.0043.2x-10.2x2x
Fri, 29 Sep 2023SEK 114.2bSEK 50.0b-SEK 9,400,027,719.0044.6x-12.1x2.3x
Sun, 27 Aug 2023SEK 117.6bSEK 50.2b-SEK 9,491,467,564.0042.7x-12.4x2.3x
Tue, 25 Jul 2023SEK 134.3bSEK 49.9b-SEK 9,395,032,649.0042x-14.3x2.7x
Thu, 22 Jun 2023SEK 124.3bSEK 49.7b-SEK 9,531,408,320.0040.8x-13x2.5x
Sat, 20 May 2023SEK 134.5bSEK 49.5b-SEK 9,383,664,171.0039.3x-14.3x2.7x
Price to Earnings Ratio

-14.3x


Total Market Cap: SEK 134.5bTotal Earnings: -SEK 9,383,664,171.00Total 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 38.2915.7%
+SEK 3.8b		53.5%PE76.3x
TRUE B TruecallerSEK 14.029.1%
+SEK 382.0m		-79.8%PE14.3x
SLEEP Sleep CycleSEK 24.2058.0%
+SEK 180.1m		-21.0%PE10.9x
FPIP Formpipe SoftwareSEK 21.5010.0%
+SEK 105.1m		-21.2%PS4.8x
EFFH Effnetplattformen HoldingSEK 8.0081.8%
+SEK 48.8m		185.7%n/a

Latest News

TRUE B
SEK 14.02
Truecaller
7D
9.1%
1Y
-79.8%
SLEEP
SEK 24.20
Sleep Cycle
7D
58.0%
1Y
-21.0%
EFFH
SEK 8.00
Effnetplattformen Holding
7D
81.8%
1Y
185.7%
TERRNT B
SEK 0.11
Terranet
7D
-16.8%
1Y
18.4%
GREAT
SEK 9.52
Greater Than
7D
-14.6%
1Y
-60.3%
SINCH
SEK 38.29
Sinch
7D
15.7%
1Y
53.5%
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 17.34
SmartCraft Group
7D
-0.9%
1Y
n/a
RPLAN
SEK 0.50
Ranplan Group
7D
-40.5%
1Y
-32.4%
FPIP
SEK 21.50
Formpipe Software
7D
10.0%
1Y
-21.2%
VIT B
SEK 253.00
Vitec Software Group
7D
-2.7%
1Y
-45.8%
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).
NEO B
SEK 5.00
Neovici Holding
7D
20.2%
1Y
-36.9%
VERT B
SEK 50.80
Vertiseit
7D
-4.2%
1Y
-16.4%
XMR
SEK 0.064
XMReality
7D
63.3%
1Y
281.0%
BIM
SEK 4.44
BIMobject
7D
-8.4%
1Y
-39.4%
DONE
SEK 8.01
Done.ai Group
7D
-7.1%
1Y
-27.6%
NORDIG
SEK 0.80
Nord Insuretech Group
7D
9.6%
1Y
156.4%
Analysis Article • Jun 25

Here's Why Nord Insuretech Group (NGM:NORDIG) Can Afford Some Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...