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Swedish (OMX) Application Software Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies58
  • 7D10.2%
  • 3M0.4%
  • 1Y-35.0%
  • YTDn/a

In the last week, the Application Software industry is up 9.6%, with Sinch up 13%. However, the industry is down 36% 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
Wed, 22 Apr 2026SEK 55.9bSEK 42.8b-SEK 1,648,203,661.9826.7x-33.9x1.3x
Fri, 20 Mar 2026SEK 45.7bSEK 42.2b-SEK 1,739,058,828.4421x-26.3x1.1x
Sun, 15 Feb 2026SEK 49.8bSEK 44.8bSEK 1.8b20.1x27.2x1.1x
Tue, 13 Jan 2026SEK 59.4bSEK 44.8bSEK 1.9b26.9x31x1.3x
Thu, 11 Dec 2025SEK 64.2bSEK 44.8bSEK 2.0b25.5x32.8x1.4x
Sat, 08 Nov 2025SEK 63.6bSEK 45.7bSEK 2.0b24.7x31.6x1.4x
Mon, 06 Oct 2025SEK 76.3bSEK 46.7b-SEK 3,968,413,084.8630.7x-19.2x1.6x
Wed, 03 Sep 2025SEK 75.9bSEK 46.7b-SEK 3,918,969,550.4732.2x-19.4x1.6x
Fri, 01 Aug 2025SEK 84.8bSEK 46.7b-SEK 3,787,282,233.8831.4x-22.4x1.8x
Sun, 29 Jun 2025SEK 142.8bSEK 49.2b-SEK 3,087,387,657.0928.9x-46.3x2.9x
Tue, 27 May 2025SEK 136.8bSEK 49.0b-SEK 3,107,827,957.8823x-44x2.8x
Thu, 24 Apr 2025SEK 136.6bSEK 48.7b-SEK 3,170,861,524.4620.9x-43.1x2.8x
Sat, 22 Mar 2025SEK 132.1bSEK 48.5b-SEK 3,547,947,480.6629.8x-37.2x2.7x
Mon, 17 Feb 2025SEK 141.5bSEK 47.5b-SEK 10,041,183,991.6932.9x-14.1x3x
Wed, 15 Jan 2025SEK 117.9bSEK 46.5b-SEK 10,057,002,618.7339.8x-11.7x2.5x
Fri, 13 Dec 2024SEK 125.7bSEK 46.2b-SEK 10,067,540,480.1542.4x-12.5x2.7x
Sun, 10 Nov 2024SEK 116.3bSEK 45.8b-SEK 10,153,388,976.0036.2x-11.5x2.5x
Tue, 08 Oct 2024SEK 116.6bSEK 44.8b-SEK 4,314,042,187.5135.8x-27x2.6x
Thu, 05 Sep 2024SEK 114.8bSEK 44.8b-SEK 4,318,107,271.8435x-26.6x2.6x
Sat, 03 Aug 2024SEK 114.8bSEK 44.8b-SEK 4,494,068,783.5937.2x-25.6x2.6x
Mon, 01 Jul 2024SEK 116.3bSEK 44.7b-SEK 4,536,816,276.3851x-25.6x2.6x
Wed, 29 May 2024SEK 117.6bSEK 44.4b-SEK 4,662,117,288.7148.6x-25.2x2.6x
Fri, 26 Apr 2024SEK 121.4bSEK 47.9b-SEK 4,913,349,569.2549.7x-24.7x2.5x
Sun, 24 Mar 2024SEK 131.5bSEK 48.4b-SEK 4,819,043,223.8257.8x-27.3x2.7x
Tue, 20 Feb 2024SEK 138.4bSEK 50.1b-SEK 4,403,868,168.1851.7x-31.4x2.8x
Thu, 18 Jan 2024SEK 129.5bSEK 49.6b-SEK 4,723,454,007.0060.3x-27.4x2.6x
Sat, 16 Dec 2023SEK 138.9bSEK 49.5b-SEK 4,657,583,968.0054.6x-29.8x2.8x
Mon, 13 Nov 2023SEK 109.9bSEK 50.4b-SEK 4,852,485,630.0055.6x-22.7x2.2x
Wed, 11 Oct 2023SEK 114.4bSEK 50.0b-SEK 9,391,958,643.0043.5x-12.2x2.3x
Fri, 08 Sep 2023SEK 118.7bSEK 50.2b-SEK 9,491,908,661.0041.3x-12.5x2.4x
Sun, 06 Aug 2023SEK 131.2bSEK 49.9b-SEK 9,438,025,945.0042.2x-13.9x2.6x
Tue, 04 Jul 2023SEK 121.6bSEK 49.7b-SEK 9,553,505,704.0041.4x-12.7x2.4x
Thu, 01 Jun 2023SEK 129.0bSEK 49.7b-SEK 9,474,973,314.0039.9x-13.6x2.6x
Sat, 29 Apr 2023SEK 133.8bSEK 49.7b-SEK 9,251,681,511.0041.2x-14.5x2.7x
Price to Earnings Ratio

-14.5x


Total Market Cap: SEK 133.8bTotal Earnings: -SEK 9,251,681,511.00Total Revenue: SEK 49.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -18x202420252026
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 1.3x.
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 Market1.01%
Tech3.59%
Software10.00%
Application Software10.24%
Systems Software8.37%
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 27.9612.5%
+SEK 2.3b		33.2%PE94.4x
VIT B Vitec Software GroupSEK 278.8016.4%
+SEK 1.7b		-47.1%PE27.1x
TRUE B TruecallerSEK 12.1914.1%
+SEK 491.4m		-82.3%PE10.2x
LIME Lime TechnologiesSEK 228.008.6%
+SEK 239.8m		-37.0%PE26.7x
CINT Cint GroupSEK 4.475.3%
+SEK 79.9m		-34.5%PS1x

Latest News

LIME
SEK 228.00
Lime Technologies
7D
8.6%
1Y
-37.0%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
TRUE B
SEK 12.19
Truecaller
7D
14.1%
1Y
-82.3%

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.
4C
SEK 10.98
4C Group
7D
22.5%
1Y
-28.7%
OPTER
SEK 83.80
Opter
7D
12.6%
1Y
-22.4%
VIT B
SEK 278.80
Vitec Software Group
7D
16.4%
1Y
-47.1%

VIT B: Dividend Growth And Share Buybacks Will Support Future Upside

Analysts have slightly adjusted their SEK price target for Vitec Software Group to reflect updated views on fair value, discount rates, revenue growth assumptions, profit margins and future P/E expectations. What's in the News Proposed dividend per share for the 2025 financial year is SEK 3.68, compared with SEK 3.60, and is described as being in line with earnings per share growth if approved (Key Developments).
SMCRT
SEK 15.08
SmartCraft Group
7D
-1.4%
1Y
n/a

Slow AI Adoption And Gradual ARR Shift Will Shape Future Prospects

Catalysts About SmartCraft Group SmartCraft Group provides software tools that help smaller construction and property management businesses plan work, run projects and manage daily workflows more efficiently. What are the underlying business or industry changes driving this perspective?
AMIDO
SEK 3.10
Amido
7D
-13.9%
1Y
-19.3%
SINCH
SEK 27.96
Sinch
7D
12.5%
1Y
33.2%
CFISH
SEK 2.80
Crunchfish
7D
-3.6%
1Y
194.2%
GREAT
SEK 10.40
Greater Than
7D
-3.7%
1Y
-63.9%
CINT
SEK 4.47
Cint Group
7D
5.3%
1Y
-34.5%
OPSYH
SEK 7.00
Opsy Holding
7D
-9.1%
1Y
13.6%
SKOLON
SEK 20.80
Skolon
7D
-2.8%
1Y
-30.7%
FPIP
SEK 23.10
Formpipe Software
7D
-1.7%
1Y
-12.8%
NORDIG
SEK 0.81
Nord Insuretech Group
7D
35.0%
1Y
142.5%

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

Jun 25
Here's Why Nord Insuretech Group (NGM:NORDIG) Can Afford Some Debt