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Swedish (OMX) Application Software Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies58
  • 7D3.9%
  • 3M-9.2%
  • 1Y-8.6%
  • YTDn/a

In the last week, the Application Software industry is up 2.5%, with Sinch up 7.7%. In the past year, the industry is down 22%. As for the next few years, earnings are expected to grow by 48% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025SEK 90.0bSEK 44.9bSEK 2.0b25.5x45.9x2x
Mon, 10 Nov 2025SEK 62.8bSEK 45.7bSEK 2.0b24.7x31.3x1.4x
Wed, 08 Oct 2025SEK 77.3bSEK 46.6b-SEK 3,968,504,615.2130.4x-19.5x1.7x
Fri, 05 Sep 2025SEK 75.5bSEK 46.7b-SEK 3,914,905,850.1931.6x-19.3x1.6x
Sun, 03 Aug 2025SEK 83.5bSEK 46.7b-SEK 3,821,115,812.2230.7x-21.9x1.8x
Tue, 01 Jul 2025SEK 145.0bSEK 49.1b-SEK 3,066,431,657.3330.7x-47.3x3x
Thu, 29 May 2025SEK 137.0bSEK 49.0b-SEK 3,110,770,618.1826.3x-44x2.8x
Sat, 26 Apr 2025SEK 137.7bSEK 48.8b-SEK 3,044,367,957.5321.4x-45.2x2.8x
Mon, 24 Mar 2025SEK 132.1bSEK 48.5b-SEK 3,547,947,480.6629.8x-37.2x2.7x
Wed, 19 Feb 2025SEK 144.0bSEK 47.0b-SEK 10,031,013,324.2832.2x-14.4x3.1x
Fri, 17 Jan 2025SEK 123.3bSEK 46.5b-SEK 10,039,828,227.6940.8x-12.3x2.7x
Sun, 15 Dec 2024SEK 124.8bSEK 46.2b-SEK 10,064,246,041.4841.6x-12.4x2.7x
Tue, 12 Nov 2024SEK 118.2bSEK 45.8b-SEK 10,134,972,026.5836.5x-11.7x2.6x
Thu, 10 Oct 2024SEK 117.6bSEK 44.8b-SEK 4,318,028,120.6435.6x-27.2x2.6x
Sat, 07 Sep 2024SEK 113.5bSEK 44.8b-SEK 4,334,157,191.6237x-26.2x2.5x
Mon, 05 Aug 2024SEK 114.7bSEK 44.7b-SEK 4,466,441,783.5937.2x-25.7x2.6x
Wed, 03 Jul 2024SEK 117.2bSEK 44.7b-SEK 4,545,401,003.7351x-25.8x2.6x
Fri, 31 May 2024SEK 116.3bSEK 44.4b-SEK 4,660,167,499.1748.8x-25x2.6x
Sun, 28 Apr 2024SEK 125.4bSEK 48.1b-SEK 4,775,904,062.5149.3x-26.3x2.6x
Tue, 26 Mar 2024SEK 132.8bSEK 48.4b-SEK 4,837,797,503.7556.7x-27.4x2.7x
Thu, 22 Feb 2024SEK 136.6bSEK 50.1b-SEK 4,376,288,353.1951.5x-31.2x2.7x
Sat, 20 Jan 2024SEK 130.2bSEK 49.6b-SEK 4,739,323,710.0059.8x-27.5x2.6x
Mon, 18 Dec 2023SEK 139.0bSEK 49.5b-SEK 4,657,583,968.0054.6x-29.8x2.8x
Wed, 15 Nov 2023SEK 116.4bSEK 50.4b-SEK 4,803,408,381.0058.7x-24.2x2.3x
Fri, 13 Oct 2023SEK 112.9bSEK 50.0b-SEK 9,413,710,830.0043x-12x2.3x
Sun, 10 Sep 2023SEK 117.6bSEK 50.1b-SEK 9,488,862,356.0041.1x-12.4x2.3x
Tue, 08 Aug 2023SEK 128.8bSEK 49.9b-SEK 9,443,100,644.0041.2x-13.6x2.6x
Thu, 06 Jul 2023SEK 123.7bSEK 49.8b-SEK 9,573,930,478.0039.1x-12.9x2.5x
Sat, 03 Jun 2023SEK 130.4bSEK 49.6b-SEK 9,456,982,953.0039.1x-13.8x2.6x
Mon, 01 May 2023SEK 133.9bSEK 49.3b-SEK 9,287,330,907.0041.2x-14.4x2.7x
Wed, 29 Mar 2023SEK 125.3bSEK 48.9b-SEK 9,106,190,038.0037.8x-13.8x2.6x
Fri, 24 Feb 2023SEK 133.6bSEK 48.6b-SEK 8,905,341,707.0045.5x-15x2.8x
Sun, 22 Jan 2023SEK 142.7bSEK 45.5b-SEK 4,640,690,584.0036x-30.7x3.1x
Tue, 20 Dec 2022SEK 129.8bSEK 45.1b-SEK 4,636,646,591.0037.2x-28x2.9x
Price to Earnings Ratio

-28x


Total Market Cap: SEK 129.8bTotal Earnings: -SEK 4,636,646,591.00Total Revenue: SEK 45.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -22.2x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Application Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.9x which is higher than its 3-year average PE of -22.3x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Comparison

How does Swedish Application Software compare with similar industries?

SE Market-0.44%
Tech-1.00%
Software3.22%
Application Software3.89%
Systems Software-2.28%
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 31.057.7%
+SEK 3.7b		46.5%PS1.8x
BRIX BrioxSEK 18.3514.7%
+SEK 174.9m		236.7%PS50.6x
SKOLON SkolonSEK 34.2010.7%
+SEK 87.6m		13.2%PS4.9x
SDS Seamless Distribution SystemsSEK 10.1027.8%
+SEK 47.2m		34.7%PS1.1x
SLEEP Sleep CycleSEK 24.306.1%
+SEK 28.4m		-36.1%PE8.3x

Latest News

SKOLON
SEK 34.20
Skolon
7D
10.7%
1Y
13.2%

After Leaping 32% Skolon AB (publ) (STO:SKOLON) Shares Are Not Flying Under The Radar

Dec 13
After Leaping 32% Skolon AB (publ) (STO:SKOLON) Shares Are Not Flying Under The Radar
VIT B
SEK 306.00
Vitec Software Group
7D
-0.4%
1Y
-40.1%
SINCH
SEK 31.05
Sinch
7D
7.7%
1Y
46.5%

SINCH: Share Buybacks Will Support Stronger Future Earnings Per Share

Analysts have modestly raised their price target for Sinch from $44.00 to $46.00, citing a slightly higher long term valuation multiple, despite marginally softer assumptions for revenue growth and profit margins. What's in the News Completed share buyback of 15,279,642 shares, equal to 1.81% of outstanding capital, for a total consideration of SEK 519 million under the program announced on August 12, 2025 (company disclosure) The buyback window ran from July 24, 2025 to September 30, 2025, signaling continued capital return to shareholders and management confidence in the equity valuation (company disclosure) The finalization of the SEK 519 million repurchase provides incremental support to earnings per share metrics through a lower share count in future reporting periods (company disclosure) Valuation Changes Fair Value: risen slightly from SEK 44.0 to SEK 46.0, reflecting a modestly higher long term valuation.
TRUE B
SEK 22.88
Truecaller
7D
-0.8%
1Y
-57.0%

TRUE B: Expanding Verified Call Solutions Will Drive Recovery As Execution Uncertainty Eases

Analysts have trimmed their blended price target for Truecaller from about SEK 56.50 to roughly SEK 50.80. They cite slightly higher discount rates, marginally softer long term growth and profitability assumptions, and a lower future earnings multiple, while still acknowledging the company’s solid fundamental profile.
CINT
SEK 2.80
Cint Group
7D
-2.5%
1Y
-80.2%
LITI
SEK 13.85
Litium
7D
6.1%
1Y
77.1%
4C
SEK 12.15
4C Group
7D
-5.4%
1Y
16.3%

We Think 4C Group (STO:4C) Is Taking Some Risk With Its Debt

Dec 05
We Think 4C Group (STO:4C) Is Taking Some Risk With Its Debt
VERT B
SEK 61.80
Vertiseit
7D
-4.9%
1Y
11.6%
FPIP
SEK 26.70
Formpipe Software
7D
-4.0%
1Y
6.0%
SLEEP
SEK 24.30
Sleep Cycle
7D
6.1%
1Y
-36.1%
SDS
SEK 10.10
Seamless Distribution Systems
7D
27.8%
1Y
34.7%

Why Investors Shouldn't Be Surprised By Seamless Distribution Systems AB (publ)'s (NGM:SDS) 27% Share Price Plunge

Nov 06
Why Investors Shouldn't Be Surprised By Seamless Distribution Systems AB (publ)'s (NGM:SDS) 27% Share Price Plunge
LIME
SEK 310.50
Lime Technologies
7D
-3.7%
1Y
-9.9%

Lime Technologies (STO:LIME) Has Announced A Dividend Of SEK2.00

Oct 28
Lime Technologies (STO:LIME) Has Announced A Dividend Of SEK2.00
BIM
SEK 4.82
BIMobject
7D
-3.9%
1Y
9.4%
BRIX
SEK 18.35
Briox
7D
14.7%
1Y
236.7%

Will Briox (NGM:BRIX) Spend Its Cash Wisely?

Sep 10
Will Briox (NGM:BRIX) Spend Its Cash Wisely?
CDMIL
SEK 15.95
CodeMill
7D
3.6%
1Y
-5.1%
NOWO
SEK 6.20
Nowonomics
7D
11.7%
1Y
106.7%