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Swedish (OMX) Application Software Industry Analysis

UpdatedMay 13, 2026
DataAggregated Company Financials
Companies56
  • 7D6.9%
  • 3M20.8%
  • 1Y-27.9%
  • YTDn/a

In the last week, the Application Software industry is up 6.9%, with Sinch up 16%. However, the industry is down 28% over the past year. Looking forward, 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
Thu, 14 May 2026SEK 63.1bSEK 42.1b-SEK 1,432,758,910.5324.3x-44x1.5x
Sat, 11 Apr 2026SEK 49.9bSEK 42.8b-SEK 1,668,609,463.3922.7x-29.9x1.2x
Mon, 09 Mar 2026SEK 48.5bSEK 42.2b-SEK 1,742,222,409.0722.8x-27.8x1.1x
Wed, 04 Feb 2026SEK 51.5bSEK 44.7bSEK 1.9b23.8x26.8x1.2x
Fri, 02 Jan 2026SEK 63.1bSEK 44.8bSEK 2.0b27.3x32.2x1.4x
Sun, 30 Nov 2025SEK 63.4bSEK 44.9bSEK 2.0b26.5x32.2x1.4x
Tue, 28 Oct 2025SEK 78.3bSEK 46.7b-SEK 3,984,910,064.2930x-19.6x1.7x
Thu, 25 Sep 2025SEK 77.0bSEK 46.7b-SEK 3,968,268,147.4031.6x-19.4x1.6x
Sat, 23 Aug 2025SEK 81.1bSEK 46.7b-SEK 3,924,191,439.9532.3x-20.7x1.7x
Mon, 21 Jul 2025SEK 139.4bSEK 49.3b-SEK 2,964,091,103.3934.2x-47x2.8x
Wed, 18 Jun 2025SEK 139.8bSEK 49.1b-SEK 3,118,118,931.3228.4x-44.8x2.8x
Fri, 16 May 2025SEK 139.6bSEK 48.3b-SEK 3,088,684,789.8622.3x-45.2x2.9x
Sun, 13 Apr 2025SEK 133.3bSEK 48.6b-SEK 3,172,518,318.1228.4x-42x2.7x
Tue, 11 Mar 2025SEK 128.8bSEK 48.5b-SEK 3,546,067,208.2730.4x-36.3x2.7x
Thu, 06 Feb 2025SEK 136.4bSEK 46.5b-SEK 9,968,197,861.3439.5x-13.7x2.9x
Sat, 04 Jan 2025SEK 125.5bSEK 46.5b-SEK 10,023,066,103.6041.1x-12.5x2.7x
Mon, 02 Dec 2024SEK 118.5bSEK 46.2b-SEK 10,066,599,108.4140.8x-11.8x2.6x
Wed, 30 Oct 2024SEK 127.2bSEK 44.9b-SEK 4,109,099,238.9438.1x-31x2.8x
Fri, 27 Sep 2024SEK 121.5bSEK 44.8b-SEK 4,284,966,136.1636.5x-28.4x2.7x
Sun, 25 Aug 2024SEK 116.7bSEK 44.8b-SEK 4,382,806,503.8435.2x-26.6x2.6x
Tue, 23 Jul 2024SEK 118.3bSEK 44.8b-SEK 4,575,738,485.7446.8x-25.9x2.6x
Thu, 20 Jun 2024SEK 112.5bSEK 44.8b-SEK 4,496,161,015.5150.3x-25x2.5x
Sat, 18 May 2024SEK 129.4bSEK 47.6b-SEK 4,649,072,902.7250.8x-27.8x2.7x
Mon, 15 Apr 2024SEK 126.1bSEK 48.5b-SEK 4,898,811,017.3856x-25.7x2.6x
Wed, 13 Mar 2024SEK 131.4bSEK 48.3b-SEK 4,705,732,764.4156.6x-27.9x2.7x
Fri, 09 Feb 2024SEK 131.3bSEK 49.4b-SEK 4,923,872,923.5060.6x-26.7x2.7x
Sun, 07 Jan 2024SEK 134.4bSEK 49.6b-SEK 4,669,303,098.0058.6x-28.8x2.7x
Tue, 05 Dec 2023SEK 124.1bSEK 49.5b-SEK 4,709,509,375.0054.2x-26.3x2.5x
Thu, 02 Nov 2023SEK 98.7bSEK 50.3b-SEK 9,669,904,203.0042.2x-10.2x2x
Sat, 30 Sep 2023SEK 116.0bSEK 50.0b-SEK 9,395,020,340.0043.9x-12.3x2.3x
Mon, 28 Aug 2023SEK 117.6bSEK 50.2b-SEK 9,491,249,564.0042.7x-12.4x2.3x
Wed, 26 Jul 2023SEK 136.9bSEK 49.9b-SEK 9,373,112,299.0042.5x-14.6x2.7x
Fri, 23 Jun 2023SEK 124.6bSEK 49.7b-SEK 9,516,576,735.0041.8x-13.1x2.5x
Sun, 21 May 2023SEK 134.5bSEK 49.5b-SEK 9,407,586,845.0039.3x-14.3x2.7x
Price to Earnings Ratio

-14.3x


Total Market Cap: SEK 134.5bTotal Earnings: -SEK 9,407,586,845.00Total Revenue: SEK 49.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -18.5x202420252026
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 Market-0.75%
Tech0.71%
Software7.41%
Application Software6.94%
Systems Software10.87%
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 36.9610.4%
+SEK 2.6b		43.3%PE73.6x
TRUE B TruecallerSEK 13.918.8%
+SEK 365.7m		-80.0%PE14.2x
SLEEP Sleep CycleSEK 24.3556.1%
+SEK 177.4m		-21.2%PE11x
FPIP Formpipe SoftwareSEK 21.505.9%
+SEK 65.1m		-22.4%PS4.8x
EFFH Effnetplattformen HoldingSEK 8.6095.5%
+SEK 56.9m		184.8%n/a

Latest News

TRUE B
SEK 13.91
Truecaller
7D
8.8%
1Y
-80.0%
SLEEP
SEK 24.35
Sleep Cycle
7D
56.1%
1Y
-21.2%
ONEF
SEK 18.20
Oneflow
7D
7.7%
1Y
-38.3%
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.
EFFH
SEK 8.60
Effnetplattformen Holding
7D
95.5%
1Y
184.8%
GREAT
SEK 9.38
Greater Than
7D
-14.7%
1Y
-61.2%
SINCH
SEK 36.96
Sinch
7D
10.4%
1Y
43.3%
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...
LIME
SEK 208.00
Lime Technologies
7D
-5.0%
1Y
-48.7%
FPIP
SEK 21.50
Formpipe Software
7D
5.9%
1Y
-22.4%
VIT B
SEK 245.20
Vitec Software Group
7D
-7.3%
1Y
-46.1%
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 4.72
Neovici Holding
7D
13.7%
1Y
-34.8%
VERT B
SEK 49.00
Vertiseit
7D
-4.3%
1Y
-18.6%
MODEL
SEK 9.00
Modelon
7D
28.6%
1Y
-26.2%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
DONE
SEK 8.00
Done.ai Group
7D
-9.3%
1Y
-36.2%
BRIX
SEK 17.56
Briox
7D
-2.3%
1Y
192.7%
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...
NORDIG
SEK 0.69
Nord Insuretech Group
7D
-4.8%
1Y
122.8%
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...