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Swedish (OMX) Application Software Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies57
  • 7D2.3%
  • 3M-0.8%
  • 1Y-34.1%
  • YTDn/a

The Application Software is pretty flat in the last 7 days, but Sinch has stood out, gaining 3.6%. Unfortunately though, the industry is down 35% over the past 12 months. As for the next few years, earnings are expected to grow by 34% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026SEK 56.1bSEK 42.8b-SEK 1,621,600,387.0725.5x-34.6x1.3x
Thu, 26 Mar 2026SEK 44.5bSEK 42.2b-SEK 1,748,214,475.7820.7x-25.5x1.1x
Sat, 21 Feb 2026SEK 47.1bSEK 43.8bSEK 541.7m20.3x87x1.1x
Mon, 19 Jan 2026SEK 57.6bSEK 44.8bSEK 1.9b25.8x30.1x1.3x
Wed, 17 Dec 2025SEK 61.3bSEK 44.9bSEK 2.0b24.6x31.3x1.4x
Fri, 14 Nov 2025SEK 65.1bSEK 45.7bSEK 2.0b20.9x32.3x1.4x
Sun, 12 Oct 2025SEK 76.7bSEK 46.7b-SEK 3,968,233,164.3330.4x-19.3x1.6x
Tue, 09 Sep 2025SEK 77.8bSEK 46.7b-SEK 3,993,167,900.0731.7x-19.5x1.7x
Thu, 07 Aug 2025SEK 83.1bSEK 46.7b-SEK 3,821,117,027.3931.1x-21.8x1.8x
Sat, 05 Jul 2025SEK 146.6bSEK 49.2b-SEK 3,067,433,075.1730x-47.8x3x
Mon, 02 Jun 2025SEK 136.9bSEK 49.0b-SEK 3,111,418,167.9027.1x-44x2.8x
Wed, 30 Apr 2025SEK 137.2bSEK 48.9b-SEK 3,090,837,664.7521.9x-44.4x2.8x
Fri, 28 Mar 2025SEK 127.8bSEK 48.4b-SEK 3,545,470,930.3330.4x-36x2.6x
Sun, 23 Feb 2025SEK 139.8bSEK 46.8b-SEK 5,278,014,134.7136.2x-26.5x3x
Tue, 21 Jan 2025SEK 123.3bSEK 46.5b-SEK 10,041,421,906.1938.7x-12.3x2.7x
Thu, 19 Dec 2024SEK 125.1bSEK 46.2b-SEK 10,048,595,072.1740x-12.4x2.7x
Sat, 16 Nov 2024SEK 117.5bSEK 45.4b-SEK 10,122,435,026.2835.7x-11.6x2.6x
Mon, 14 Oct 2024SEK 118.3bSEK 44.8b-SEK 4,303,416,883.4434.8x-27.5x2.6x
Wed, 11 Sep 2024SEK 119.1bSEK 44.8b-SEK 4,342,183,028.8737.1x-27.4x2.7x
Fri, 09 Aug 2024SEK 115.6bSEK 44.7b-SEK 4,408,286,642.6239x-26.2x2.6x
Sun, 07 Jul 2024SEK 115.1bSEK 44.7b-SEK 4,538,830,098.4249.4x-25.4x2.6x
Tue, 04 Jun 2024SEK 115.0bSEK 44.4b-SEK 4,597,451,783.2247.5x-25x2.6x
Thu, 02 May 2024SEK 126.5bSEK 47.7b-SEK 4,763,366,728.0954.3x-26.6x2.7x
Sat, 30 Mar 2024SEK 128.8bSEK 48.5b-SEK 4,875,879,241.9854.4x-26.4x2.7x
Mon, 26 Feb 2024SEK 138.2bSEK 49.3b-SEK 5,225,456,230.7251.3x-26.4x2.8x
Wed, 24 Jan 2024SEK 135.3bSEK 49.6b-SEK 4,721,558,577.0062.5x-28.7x2.7x
Fri, 22 Dec 2023SEK 136.6bSEK 49.5b-SEK 4,621,749,070.0058.6x-29.6x2.8x
Sun, 19 Nov 2023SEK 115.6bSEK 50.3b-SEK 4,789,067,624.0058.5x-24.1x2.3x
Tue, 17 Oct 2023SEK 110.7bSEK 50.0b-SEK 9,394,258,743.0043.1x-11.8x2.2x
Thu, 14 Sep 2023SEK 116.7bSEK 50.2b-SEK 9,505,448,290.0044.7x-12.3x2.3x
Sat, 12 Aug 2023SEK 127.3bSEK 50.0b-SEK 9,522,033,111.0041.8x-13.4x2.5x
Mon, 10 Jul 2023SEK 122.9bSEK 49.7b-SEK 9,520,941,960.0042.1x-12.9x2.5x
Wed, 07 Jun 2023SEK 127.7bSEK 49.7b-SEK 9,491,693,398.0041x-13.5x2.6x
Fri, 05 May 2023SEK 130.6bSEK 49.4b-SEK 9,292,843,150.0039.9x-14.1x2.6x
Price to Earnings Ratio

-14.1x


Total Market Cap: SEK 130.6bTotal Earnings: -SEK 9,292,843,150.00Total Revenue: SEK 49.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -18.1x202420252026
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 Market-3.16%
Tech-1.66%
Software1.91%
Application Software2.31%
Systems Software-0.85%
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 28.656.5%
+SEK 1.3b		26.7%PE96.8x
CINT Cint GroupSEK 5.5725.0%
+SEK 395.8m		-22.4%PS1.2x
TRUE B TruecallerSEK 12.082.9%
+SEK 112.6m		-83.3%PE10.1x
SMCRT SmartCraft GroupSEK 16.004.0%
+SEK 99.3m		n/aPE31x
TERRNT B TerranetSEK 0.09534.8%
+SEK 54.6m		-7.2%PS28.6x

Latest News

CINT
SEK 5.57
Cint Group
7D
25.0%
1Y
-22.4%
TERRNT B
SEK 0.095
Terranet
7D
34.8%
1Y
-7.2%
OPSYH
SEK 8.80
Opsy Holding
7D
24.8%
1Y
47.2%
CFISH
SEK 3.18
Crunchfish
7D
13.4%
1Y
237.8%
SINCH
SEK 28.65
Sinch
7D
6.5%
1Y
26.7%
VIT B
SEK 265.00
Vitec Software Group
7D
-4.4%
1Y
-40.5%
LIME
SEK 225.50
Lime Technologies
7D
-3.4%
1Y
-41.1%

Earnings Release: Here's Why Analysts Cut Their Lime Technologies AB (publ) (STO:LIME) Price Target To kr313

Apr 24
Earnings Release: Here's Why Analysts Cut Their Lime Technologies AB (publ) (STO:LIME) Price Target To kr313
VERT B
SEK 56.00
Vertiseit
7D
-4.4%
1Y
-2.8%
BIM
SEK 4.66
BIMobject
7D
-2.9%
1Y
-41.0%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
TRUE B
SEK 12.08
Truecaller
7D
2.9%
1Y
-83.3%

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.
SMCRT
SEK 16.00
SmartCraft Group
7D
4.0%
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?
SKOLON
SEK 19.60
Skolon
7D
-5.8%
1Y
-36.6%
NEO B
SEK 4.51
Neovici Holding
7D
-6.0%
1Y
-37.4%
SDS
SEK 6.60
Seamless Distribution Systems
7D
-15.4%
1Y
0%
BRIX
SEK 19.20
Briox
7D
1.9%
1Y
218.9%

Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation

Feb 13
Here's Why We're Not Too Worried About Briox's (NGM:BRIX) Cash Burn Situation