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

Swedish (OMX) Application Software Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies58
  • 7D-6.0%
  • 3M-26.2%
  • 1Y-49.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 6.0%, driven by declines in Sinch and Vitec Software Group of 4.8% and 7.6%, respectively. In contrast, Seamless Distribution Systems has gained 21%. The industry has fallen 49% in the last year. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026SEK 44.9bSEK 42.2b-SEK 1,748,778,321.9021x-25.7x1.1x
Tue, 17 Feb 2026SEK 49.1bSEK 44.8bSEK 1.8b20.3x26.7x1.1x
Thu, 15 Jan 2026SEK 58.4bSEK 44.8bSEK 1.9b26.6x30.5x1.3x
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
Price to Earnings Ratio

-13.8x


Total Market Cap: SEK 125.3bTotal Earnings: -SEK 9,106,190,038.00Total Revenue: SEK 48.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -17.6x202420252026
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 2.4x is higher than the industry's current PS ratio of 1.1x.
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 4.8% 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-4.91%
Tech-3.80%
Software-5.91%
Application Software-5.99%
Systems Software-5.41%
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
SDS Seamless Distribution SystemsSEK 8.2020.6%
+SEK 30.1m		18.0%PS1x
OPSYH Opsy HoldingSEK 7.1526.5%
+SEK 19.0m		n/aPS9.4x
RMDX Railway Metrics and Dynamics SwedenSEK 1.4916.5%
+SEK 14.6m		70.7%PS7.6x
XMR XMRealitySEK 0.03337.5%
+SEK 11.0m		106.3%PS2.1x
HOLDFL HoldflightSEK 0.2130.4%
+SEK 3.9m		110.0%PS3.7x

Latest News

VERT B
SEK 55.00
Vertiseit
7D
-5.5%
1Y
-15.4%
COMPDM
SEK 4.28
Compodium International
7D
7.5%
1Y
-29.8%
LIME
SEK 197.40
Lime Technologies
7D
-5.1%
1Y
-46.1%
VIT B
SEK 222.40
Vitec Software Group
7D
-7.6%
1Y
-60.5%
SINCH
SEK 22.00
Sinch
7D
-4.8%
1Y
-4.1%

SINCH: Future Repricing Will Depend On Execution Of AI Agent Rollout

Sinch's updated fair value estimate has moved lower to SEK 32.21 from SEK 35.94. This reflects a reduced blended analyst price target as several firms trimmed or moderated their views on the stock, while one raised its target to SEK 29.
TRUE B
SEK 10.68
Truecaller
7D
-9.9%
1Y
-85.5%

TRUE B: Ad Expansion And Buyback Programme Will Support Future Rerating Potential

Our analyst price target for Truecaller now stands at SEK 15. This change reflects updated views on revenue growth, profitability and a more conservative future P/E multiple, in line with recent research where one firm lifted its target to SEK 15 and another shifted to a Hold stance.
THINC
SEK 2.10
Thinc Collective
7D
9.4%
1Y
23.5%
NEO B
SEK 4.51
Neovici Holding
7D
-22.8%
1Y
-43.9%
CINT
SEK 3.62
Cint Group
7D
-8.7%
1Y
-52.0%
SDS
SEK 8.20
Seamless Distribution Systems
7D
20.6%
1Y
18.0%
XMR
SEK 0.033
XMReality
7D
37.5%
1Y
106.3%
BRIX
SEK 17.40
Briox
7D
-8.2%
1Y
343.9%

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
OPSYH
SEK 7.15
Opsy Holding
7D
26.5%
1Y
n/a
VIDH
SEK 6.24
Vidhance
7D
9.5%
1Y
-43.0%
RMDX
SEK 1.49
Railway Metrics and Dynamics Sweden
7D
16.5%
1Y
70.7%
HOLDFL
SEK 0.21
Holdflight
7D
30.4%
1Y
110.0%