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Swedish (OMX) Application Software Industry Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies58
  • 7D-2.8%
  • 3M-17.5%
  • 1Y-21.5%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 2.8%, driven by a pullback from Truecaller of 19%. However, the industry is down 21% over the past year. Looking forward, earnings are forecast to grow by 49% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025SEK 61.9bSEK 44.8bSEK 2.0b25.9x31.6x1.4x
Tue, 18 Nov 2025SEK 61.8bSEK 45.7bSEK 2.0b24.8x30.7x1.4x
Thu, 16 Oct 2025SEK 77.3bSEK 46.7b-SEK 3,968,286,819.2129.7x-19.5x1.7x
Sat, 13 Sep 2025SEK 77.0bSEK 46.6b-SEK 3,993,646,528.4432.1x-19.3x1.7x
Mon, 11 Aug 2025SEK 82.3bSEK 46.7b-SEK 3,821,279,526.3530.2x-21.5x1.8x
Wed, 09 Jul 2025SEK 146.8bSEK 49.1b-SEK 3,066,636,298.2030.9x-47.9x3x
Fri, 06 Jun 2025SEK 140.9bSEK 49.1b-SEK 3,094,534,190.5928.4x-45.5x2.9x
Sun, 04 May 2025SEK 140.5bSEK 47.9b-SEK 3,080,911,988.3321.9x-45.6x2.9x
Tue, 01 Apr 2025SEK 139.2bSEK 48.4b-SEK 3,546,607,432.8130.3x-39.3x2.9x
Thu, 27 Feb 2025SEK 141.8bSEK 48.1b-SEK 5,208,031,621.3132.8x-27.2x2.9x
Sat, 25 Jan 2025SEK 130.7bSEK 46.5b-SEK 10,034,850,620.6739.5x-13x2.8x
Mon, 23 Dec 2024SEK 122.6bSEK 46.2b-SEK 10,057,098,871.0539.4x-12.2x2.7x
Wed, 20 Nov 2024SEK 114.8bSEK 45.5b-SEK 10,121,576,910.4839.4x-11.3x2.5x
Fri, 18 Oct 2024SEK 114.4bSEK 44.9b-SEK 4,314,972,680.4535.5x-26.5x2.5x
Sun, 15 Sep 2024SEK 117.6bSEK 44.8b-SEK 4,267,591,784.7637.2x-27.6x2.6x
Tue, 13 Aug 2024SEK 115.9bSEK 44.7b-SEK 4,424,488,185.4338.9x-26.2x2.6x
Thu, 11 Jul 2024SEK 114.1bSEK 44.7b-SEK 4,569,205,876.3551.8x-25x2.6x
Sat, 08 Jun 2024SEK 116.6bSEK 44.9b-SEK 4,576,067,065.4751.9x-25.5x2.6x
Mon, 06 May 2024SEK 124.4bSEK 47.7b-SEK 4,688,697,305.2747x-26.5x2.6x
Wed, 03 Apr 2024SEK 127.0bSEK 48.5b-SEK 4,884,142,926.8054.4x-26x2.6x
Fri, 01 Mar 2024SEK 136.7bSEK 49.4b-SEK 5,226,419,046.7855.4x-26.1x2.8x
Sun, 28 Jan 2024SEK 138.5bSEK 49.6b-SEK 4,713,173,293.0062.9x-29.4x2.8x
Tue, 26 Dec 2023SEK 137.3bSEK 49.5b-SEK 4,591,140,511.0058.5x-29.9x2.8x
Thu, 23 Nov 2023SEK 118.9bSEK 50.3b-SEK 4,773,742,658.0056.8x-24.9x2.4x
Sat, 21 Oct 2023SEK 104.4bSEK 50.1b-SEK 9,423,685,141.0044x-11.1x2.1x
Mon, 18 Sep 2023SEK 117.1bSEK 50.2b-SEK 9,495,620,490.0045.2x-12.3x2.3x
Wed, 16 Aug 2023SEK 125.6bSEK 50.1b-SEK 9,560,364,592.0041.6x-13.1x2.5x
Fri, 14 Jul 2023SEK 128.0bSEK 49.5b-SEK 9,421,332,748.0043.5x-13.6x2.6x
Sun, 11 Jun 2023SEK 126.8bSEK 49.6b-SEK 9,488,204,447.0043.2x-13.4x2.6x
Tue, 09 May 2023SEK 131.7bSEK 49.4b-SEK 9,267,602,257.0041x-14.2x2.7x
Thu, 06 Apr 2023SEK 128.8bSEK 49.0b-SEK 9,157,953,615.0039.1x-14.1x2.6x
Sat, 04 Mar 2023SEK 140.7bSEK 48.6b-SEK 8,937,643,336.0042.5x-15.7x2.9x
Mon, 30 Jan 2023SEK 146.8bSEK 45.5b-SEK 4,667,600,313.0036x-31.5x3.2x
Wed, 28 Dec 2022SEK 131.2bSEK 45.4b-SEK 4,644,362,784.0036.2x-28.3x2.9x
Price to Earnings Ratio

-28.3x


Total Market Cap: SEK 131.2bTotal Earnings: -SEK 4,644,362,784.00Total Revenue: SEK 45.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -21.8x202320242025
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 31.6x which is higher than its 3-year average PE of -21.8x.
  • 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 Market0.20%
Tech-0.54%
Software-2.74%
Application Software-2.77%
Systems Software-2.57%
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 31.300.8%
+SEK 200.6m		56.0%PS0.9x
GREAT Greater ThanSEK 19.6020.2%
+SEK 45.1m		-28.7%PS13.6x
BRIX BrioxSEK 18.752.2%
+SEK 29.8m		267.6%PS51.7x
DONE Done.ai GroupSEK 6.116.1%
+SEK 29.1m		-74.4%PE0.3x
SLEEP Sleep CycleSEK 25.655.6%
+SEK 27.4m		-31.4%PE8.8x

Latest News

FPIP
SEK 26.00
Formpipe Software
7D
-2.6%
1Y
10.2%
LIME
SEK 289.00
Lime Technologies
7D
-6.9%
1Y
-18.7%
4C
SEK 12.70
4C Group
7D
4.5%
1Y
22.7%

A Piece Of The Puzzle Missing From 4C Group AB (publ)'s (STO:4C) 34% Share Price Climb

Dec 20
A Piece Of The Puzzle Missing From 4C Group AB (publ)'s (STO:4C) 34% Share Price Climb
TRUE B
SEK 18.58
Truecaller
7D
-18.8%
1Y
-63.0%
SINCH
SEK 31.30
Sinch
7D
0.8%
1Y
56.0%
VIT B
SEK 303.20
Vitec Software Group
7D
-0.9%
1Y
-42.8%
SLEEP
SEK 25.65
Sleep Cycle
7D
5.6%
1Y
-31.4%

SLEEP: Long Term Profit Margins Will Drive Stronger Future Upside Potential

Analysts have trimmed their price target on Sleep Cycle from approximately $49.00 to $43.00. This reflects expectations for slower revenue growth, partially offset by higher long term profit margins and a lower future price to earnings multiple.
GREAT
SEK 19.60
Greater Than
7D
20.2%
1Y
-28.7%
SKOLON
SEK 31.50
Skolon
7D
-7.9%
1Y
12.5%

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
VERT B
SEK 60.40
Vertiseit
7D
-2.3%
1Y
13.1%
DONE
SEK 6.11
Done.ai Group
7D
6.1%
1Y
-74.4%

There Are Some Holes In Done.ai Group's (STO:DONE) Solid Earnings Release

Nov 28
There Are Some Holes In Done.ai Group's (STO:DONE) Solid Earnings Release
VALUNO
SEK 1.46
Valuno Group
7D
-8.4%
1Y
-51.2%
UPSALE
SEK 31.00
Upsales Technology
7D
3.0%
1Y
0.6%
BIM
SEK 4.95
BIMobject
7D
2.8%
1Y
11.0%
BRIX
SEK 18.75
Briox
7D
2.2%
1Y
267.6%

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

Sep 10
Will Briox (NGM:BRIX) Spend Its Cash Wisely?
NOWO
SEK 5.40
Nowonomics
7D
-12.9%
1Y
86.2%