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Swedish (OMX) Application Software Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies55
  • 7D4.8%
  • 3M25.5%
  • 1Y-29.2%
  • YTDn/a

The Application Software industry is up 6.3% in the last week, with Sinch up 5.6%. In the same time, Ranplan Group was down 39%. In contrast, the industry has lost 28% in the last 12 months. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026SEK 63.5bSEK 42.2b-SEK 1,502,868,142.8320.7x-42.2x1.5x
Tue, 02 Jun 2026SEK 64.6bSEK 42.2b-SEK 1,453,841,322.0622.8x-44.4x1.5x
Thu, 30 Apr 2026SEK 55.3bSEK 42.8b-SEK 1,615,236,597.0823.6x-34.2x1.3x
Sat, 28 Mar 2026SEK 47.5bSEK 42.8b-SEK 1,683,551,916.5322.4x-28.2x1.1x
Mon, 23 Feb 2026SEK 47.2bSEK 42.4bSEK 360.1m20.3x131x1.1x
Wed, 21 Jan 2026SEK 55.2bSEK 44.8bSEK 1.9b24.9x28.8x1.2x
Fri, 19 Dec 2025SEK 62.2bSEK 44.9bSEK 2.0b25.2x31.8x1.4x
Sun, 16 Nov 2025SEK 64.0bSEK 45.7bSEK 2.0b24.4x31.8x1.4x
Tue, 14 Oct 2025SEK 76.6bSEK 46.7b-SEK 3,968,386,269.8330.2x-19.3x1.6x
Thu, 11 Sep 2025SEK 78.5bSEK 46.6b-SEK 3,993,401,939.5432x-19.7x1.7x
Sat, 09 Aug 2025SEK 82.3bSEK 46.7b-SEK 3,821,279,526.3530.2x-21.5x1.8x
Mon, 07 Jul 2025SEK 146.6bSEK 49.2b-SEK 3,067,433,075.1730x-47.8x3x
Wed, 04 Jun 2025SEK 141.6bSEK 49.1b-SEK 3,094,532,618.0027.9x-45.8x2.9x
Fri, 02 May 2025SEK 137.9bSEK 48.9b-SEK 3,085,551,804.2022.1x-44.7x2.8x
Sun, 30 Mar 2025SEK 126.7bSEK 48.4b-SEK 3,545,938,891.4830.1x-35.7x2.6x
Tue, 25 Feb 2025SEK 140.7bSEK 46.8b-SEK 5,273,810,224.9736.7x-26.7x3x
Thu, 23 Jan 2025SEK 127.5bSEK 46.5b-SEK 10,032,941,155.9739.4x-12.7x2.7x
Sat, 21 Dec 2024SEK 122.6bSEK 46.2b-SEK 10,024,290,623.7039.4x-12.2x2.7x
Mon, 18 Nov 2024SEK 116.1bSEK 45.4b-SEK 10,124,634,588.2835.7x-11.5x2.6x
Wed, 16 Oct 2024SEK 118.0bSEK 44.8b-SEK 4,306,227,667.8135.4x-27.4x2.6x
Fri, 13 Sep 2024SEK 117.6bSEK 44.8b-SEK 4,319,038,800.6738.2x-27.2x2.6x
Sun, 11 Aug 2024SEK 116.6bSEK 44.7b-SEK 4,411,185,273.4038.2x-26.4x2.6x
Tue, 09 Jul 2024SEK 115.8bSEK 44.7b-SEK 4,581,504,573.6650.5x-25.3x2.6x
Thu, 06 Jun 2024SEK 116.7bSEK 44.8b-SEK 4,520,630,266.2851.3x-25.8x2.6x
Sat, 04 May 2024SEK 124.4bSEK 47.7b-SEK 4,705,747,220.3050x-26.4x2.6x
Mon, 01 Apr 2024SEK 128.8bSEK 48.5b-SEK 4,865,376,190.5054.4x-26.5x2.7x
Wed, 28 Feb 2024SEK 138.2bSEK 49.3b-SEK 5,214,281,656.3953.5x-26.5x2.8x
Fri, 26 Jan 2024SEK 137.0bSEK 49.6b-SEK 4,702,973,494.0062.8x-29.1x2.8x
Sun, 24 Dec 2023SEK 137.3bSEK 49.5b-SEK 4,591,140,511.0058.5x-29.9x2.8x
Tue, 21 Nov 2023SEK 117.8bSEK 50.3b-SEK 4,788,981,171.0058.9x-24.6x2.3x
Thu, 19 Oct 2023SEK 104.5bSEK 50.0b-SEK 9,427,116,640.0042.3x-11.1x2.1x
Sat, 16 Sep 2023SEK 118.6bSEK 50.2b-SEK 9,490,082,732.0045.8x-12.5x2.4x
Mon, 14 Aug 2023SEK 127.4bSEK 50.1b-SEK 9,565,000,931.0041.8x-13.3x2.5x
Wed, 12 Jul 2023SEK 124.7bSEK 49.6b-SEK 9,470,072,308.0041.8x-13.2x2.5x
Price to Earnings Ratio

-13.2x


Total Market Cap: SEK 124.7bTotal Earnings: -SEK 9,470,072,308.00Total Revenue: SEK 49.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -19.8x202420252026
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 Market3.36%
Tech0.95%
Software4.77%
Application Software4.77%
Systems Software4.79%
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 39.805.6%
+SEK 1.6b		36.8%PE79.3x
TRUE B TruecallerSEK 14.9017.6%
+SEK 730.5m		-77.7%PE15.3x
VIT B Vitec Software GroupSEK 233.802.2%
+SEK 199.5m		-52.6%PE20.7x
LIME Lime TechnologiesSEK 212.005.2%
+SEK 139.9m		-47.6%PE24.8x
SMCRT SmartCraft GroupSEK 15.843.7%
+SEK 90.3m		n/aPE30.2x

Latest News

UPSALE
SEK 26.50
Upsales Technology
7D
15.7%
1Y
-16.4%
TRUE B
SEK 14.90
Truecaller
7D
17.6%
1Y
-77.7%
SMCRT
SEK 15.84
SmartCraft Group
7D
3.7%
1Y
n/a
4C
SEK 9.56
4C Group
7D
30.1%
1Y
-42.4%
SINCH
SEK 39.80
Sinch
7D
5.6%
1Y
36.8%
Narrative Update • Jun 30

SINCH: Future Returns Will Rely On AI Execution And Capital Actions

Analysts have modestly lifted their Sinch price target to SEK38.63 from SEK36.86, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News Sinch appointed Jonas Dahlberg as acting CEO from June 8, 2026, after Laurinda Pang decided to step down.
LIME
SEK 212.00
Lime Technologies
7D
5.2%
1Y
-47.6%
VIT B
SEK 233.80
Vitec Software Group
7D
2.2%
1Y
-52.6%
Narrative Update • Jun 17

VIT B: Higher Reported Margins And Quarterly Dividend Plan Will Support Upside

Analysts have kept their SEK fair value estimate for Vitec Software Group steady at SEK 444.57. They have updated their assumptions to reflect a slightly higher discount rate, a marginally stronger profit margin outlook, and a lower future P/E multiple that together support the unchanged price target.
VERT B
SEK 55.80
Vertiseit
7D
-2.1%
1Y
-13.1%
RPLAN
SEK 1.20
Ranplan Group
7D
-39.4%
1Y
65.5%
SKOLON
SEK 19.10
Skolon
7D
-9.0%
1Y
-45.6%
CFISH
SEK 2.45
Crunchfish
7D
-4.9%
1Y
-40.2%
NORDIG
SEK 0.66
Nord Insuretech Group
7D
-10.8%
1Y
200.0%
HOLDFL
SEK 0.44
Holdflight
7D
-17.8%
1Y
140.0%
DONE
SEK 8.96
Done.ai Group
7D
-2.9%
1Y
-14.2%
BIM
SEK 5.18
BIMobject
7D
11.0%
1Y
-17.4%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a