Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Application Software Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies58
  • 7D9.6%
  • 3M-2.7%
  • 1Y-35.7%
  • YTDn/a

In the last week, the Application Software industry is up 10%, with Vitec Software Group leading the way, up 18%. In contrast, the industry has lost 35% in the last 12 months. 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
Tue, 21 Apr 2026SEK 54.9bSEK 42.7b-SEK 1,643,271,495.5827x-33.4x1.3x
Thu, 19 Mar 2026SEK 46.2bSEK 42.2b-SEK 1,743,487,627.3321.3x-26.5x1.1x
Sat, 14 Feb 2026SEK 49.8bSEK 44.8bSEK 2.0b20.1x25.5x1.1x
Mon, 12 Jan 2026SEK 61.9bSEK 44.8bSEK 1.9b26.9x32.3x1.4x
Wed, 10 Dec 2025SEK 64.1bSEK 44.9bSEK 2.0b25.5x32.8x1.4x
Fri, 07 Nov 2025SEK 64.1bSEK 45.7bSEK 2.0b24.6x31.9x1.4x
Sun, 05 Oct 2025SEK 76.3bSEK 46.7b-SEK 3,968,413,084.8630.7x-19.2x1.6x
Tue, 02 Sep 2025SEK 78.0bSEK 46.7b-SEK 3,916,854,145.1932.8x-19.9x1.7x
Thu, 31 Jul 2025SEK 85.1bSEK 46.7b-SEK 3,787,276,698.5831.5x-22.5x1.8x
Sat, 28 Jun 2025SEK 142.8bSEK 49.2b-SEK 3,087,387,657.0928.9x-46.3x2.9x
Mon, 26 May 2025SEK 136.3bSEK 49.0b-SEK 3,107,702,197.8922.8x-43.8x2.8x
Wed, 23 Apr 2025SEK 137.9bSEK 48.5b-SEK 3,165,571,456.0120.8x-43.6x2.8x
Fri, 21 Mar 2025SEK 133.1bSEK 48.5b-SEK 3,548,303,227.4729.7x-37.5x2.7x
Sun, 16 Feb 2025SEK 141.5bSEK 47.6b-SEK 10,032,703,991.6932.9x-14.1x3x
Tue, 14 Jan 2025SEK 117.7bSEK 46.5b-SEK 10,061,491,930.2439.2x-11.7x2.5x
Thu, 12 Dec 2024SEK 126.5bSEK 46.2b-SEK 10,067,046,936.1638.2x-12.6x2.7x
Sat, 09 Nov 2024SEK 116.3bSEK 45.8b-SEK 10,160,006,976.0036.2x-11.4x2.5x
Mon, 07 Oct 2024SEK 118.3bSEK 44.8b-SEK 4,321,790,402.1536.5x-27.4x2.6x
Wed, 04 Sep 2024SEK 113.9bSEK 44.8b-SEK 4,315,192,345.7736x-26.4x2.5x
Fri, 02 Aug 2024SEK 119.3bSEK 44.8b-SEK 4,514,195,580.6638.2x-26.4x2.7x
Sun, 30 Jun 2024SEK 117.3bSEK 44.7b-SEK 4,536,816,276.3851x-25.9x2.6x
Tue, 28 May 2024SEK 116.6bSEK 44.4b-SEK 4,682,368,569.0749.3x-24.9x2.6x
Thu, 25 Apr 2024SEK 126.0bSEK 48.1b-SEK 4,905,774,966.9350.7x-25.7x2.6x
Sat, 23 Mar 2024SEK 131.6bSEK 48.4b-SEK 4,819,043,197.8257.8x-27.3x2.7x
Mon, 19 Feb 2024SEK 141.1bSEK 50.2b-SEK 4,419,396,408.0053.1x-31.9x2.8x
Wed, 17 Jan 2024SEK 130.9bSEK 49.6b-SEK 4,719,164,573.0061.1x-27.7x2.6x
Fri, 15 Dec 2023SEK 137.5bSEK 49.6b-SEK 4,667,980,797.0052.5x-29.5x2.8x
Sun, 12 Nov 2023SEK 109.9bSEK 50.5b-SEK 4,850,622,630.0055.6x-22.7x2.2x
Tue, 10 Oct 2023SEK 110.2bSEK 50.0b-SEK 9,414,158,526.0042x-11.7x2.2x
Thu, 07 Sep 2023SEK 120.6bSEK 50.2b-SEK 9,495,898,754.0043.5x-12.7x2.4x
Sat, 05 Aug 2023SEK 131.2bSEK 49.9b-SEK 9,454,286,682.0042.2x-13.9x2.6x
Mon, 03 Jul 2023SEK 124.6bSEK 49.7b-SEK 9,533,251,681.0037.5x-13.1x2.5x
Wed, 31 May 2023SEK 127.5bSEK 49.7b-SEK 9,494,043,933.0040.3x-13.4x2.6x
Fri, 28 Apr 2023SEK 131.9bSEK 49.3b-SEK 9,108,659,270.0038.9x-14.5x2.7x
Price to Earnings Ratio

-14.5x


Total Market Cap: SEK 131.9bTotal Earnings: -SEK 9,108,659,270.00Total Revenue: SEK 49.3bTotal 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 4.6% 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 Market2.74%
Tech4.23%
Software9.89%
Application Software9.63%
Systems Software11.75%
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
VIT B Vitec Software GroupSEK 277.2018.3%
+SEK 1.8b		-48.1%PE27x
SINCH SinchSEK 26.909.3%
+SEK 1.7b		31.6%PE90.8x
TRUE B TruecallerSEK 11.7312.0%
+SEK 411.4m		-82.5%PE9.9x
LIME Lime TechnologiesSEK 233.5013.9%
+SEK 379.8m		-36.3%PE27.9x
CINT Cint GroupSEK 4.4611.4%
+SEK 161.5m		-30.6%PS1x

Latest News

4C
SEK 10.86
4C Group
7D
23.4%
1Y
-29.9%
VIT B
SEK 277.20
Vitec Software Group
7D
18.3%
1Y
-48.1%

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 15.38
SmartCraft Group
7D
-2.2%
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 3.25
Amido
7D
-16.2%
1Y
-15.8%
TRUE B
SEK 11.73
Truecaller
7D
12.0%
1Y
-82.5%
LIME
SEK 233.50
Lime Technologies
7D
13.9%
1Y
-36.3%
UPSALE
SEK 27.20
Upsales Technology
7D
29.5%
1Y
-21.8%
SINCH
SEK 26.90
Sinch
7D
9.3%
1Y
31.6%
GREAT
SEK 10.65
Greater Than
7D
-9.0%
1Y
-64.0%
CINT
SEK 4.46
Cint Group
7D
11.4%
1Y
-30.6%
SKOLON
SEK 20.80
Skolon
7D
-4.6%
1Y
-31.6%
FPIP
SEK 23.10
Formpipe Software
7D
-1.3%
1Y
-12.2%
VERT B
SEK 58.60
Vertiseit
7D
6.2%
1Y
-9.6%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
VALUNO
SEK 0.20
Valuno Group
7D
-15.2%
1Y
-92.1%
NORDIG
SEK 0.65
Nord Insuretech Group
7D
-2.3%
1Y
122.6%

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