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Swedish (OMX) Application Software Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies58
  • 7D-1.2%
  • 3M-10.3%
  • 1Y-8.1%
  • YTDn/a

Over the last 7 days, the Application Software industry has remained flat, although notably Vitec Software Group declined by 4.3%. Unfortunately though, the industry is down 7.4% over the past 12 months. Looking forward, earnings are forecast to grow by 57% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025SEK 76.5bSEK 46.6b-SEK 3,993,745,186.8732.3x-19.1x1.6x
Thu, 14 Aug 2025SEK 79.9bSEK 46.7b-SEK 3,821,212,600.2030.4x-20.9x1.7x
Sat, 12 Jul 2025SEK 146.9bSEK 49.1b-SEK 3,066,257,881.5230.6x-47.9x3x
Mon, 09 Jun 2025SEK 140.9bSEK 49.1b-SEK 3,094,869,196.4528.4x-45.5x2.9x
Wed, 07 May 2025SEK 138.4bSEK 47.9b-SEK 3,083,907,158.3422.7x-44.9x2.9x
Fri, 04 Apr 2025SEK 137.1bSEK 48.4b-SEK 3,169,940,792.4730.1x-43.2x2.8x
Sun, 02 Mar 2025SEK 137.6bSEK 48.5b-SEK 3,560,241,283.6628.2x-38.7x2.8x
Tue, 28 Jan 2025SEK 130.8bSEK 46.5b-SEK 10,043,304,295.1339.9x-13x2.8x
Thu, 26 Dec 2024SEK 122.3bSEK 46.5b-SEK 10,074,636,144.8137.5x-12.1x2.6x
Sat, 23 Nov 2024SEK 114.5bSEK 45.4b-SEK 10,079,879,321.9137.8x-11.4x2.5x
Mon, 21 Oct 2024SEK 116.6bSEK 44.9b-SEK 4,325,182,681.5435.4x-27x2.6x
Wed, 18 Sep 2024SEK 118.0bSEK 44.8b-SEK 4,294,025,710.8836.2x-27.5x2.6x
Fri, 16 Aug 2024SEK 113.6bSEK 44.7b-SEK 4,442,574,886.5638.3x-25.6x2.5x
Sun, 14 Jul 2024SEK 116.9bSEK 45.0b-SEK 4,533,557,921.9554.2x-25.8x2.6x
Tue, 11 Jun 2024SEK 116.6bSEK 44.8b-SEK 4,526,609,720.5152x-25.8x2.6x
Thu, 09 May 2024SEK 123.0bSEK 47.7b-SEK 4,699,766,821.7152x-26.2x2.6x
Sat, 06 Apr 2024SEK 128.2bSEK 48.5b-SEK 4,869,722,438.9353.3x-26.3x2.6x
Mon, 04 Mar 2024SEK 142.3bSEK 49.4b-SEK 5,179,622,622.5954.1x-27.5x2.9x
Wed, 31 Jan 2024SEK 138.4bSEK 49.6b-SEK 4,685,485,322.0061.7x-29.5x2.8x
Fri, 29 Dec 2023SEK 140.7bSEK 49.5b-SEK 4,598,372,242.0058.9x-30.6x2.8x
Sun, 26 Nov 2023SEK 117.5bSEK 50.3b-SEK 4,775,487,883.0054.8x-24.6x2.3x
Tue, 24 Oct 2023SEK 102.7bSEK 50.3b-SEK 9,443,986,772.0043.4x-10.9x2x
Thu, 21 Sep 2023SEK 119.6bSEK 50.2b-SEK 9,517,844,888.0044.2x-12.6x2.4x
Sat, 19 Aug 2023SEK 121.8bSEK 50.1b-SEK 9,607,237,864.0038.3x-12.7x2.4x
Mon, 17 Jul 2023SEK 131.3bSEK 49.9b-SEK 9,285,327,748.0041.4x-14.1x2.6x
Wed, 14 Jun 2023SEK 130.8bSEK 49.6b-SEK 9,463,600,971.0042.2x-13.8x2.6x
Fri, 12 May 2023SEK 134.0bSEK 49.4b-SEK 9,305,695,388.0040.1x-14.4x2.7x
Sun, 09 Apr 2023SEK 130.8bSEK 49.1b-SEK 9,182,733,409.0038.3x-14.2x2.7x
Tue, 07 Mar 2023SEK 142.4bSEK 48.6b-SEK 8,969,358,054.0041.8x-15.9x2.9x
Thu, 02 Feb 2023SEK 143.8bSEK 45.6b-SEK 4,672,843,077.0038x-30.8x3.2x
Sat, 31 Dec 2022SEK 133.9bSEK 45.5b-SEK 4,639,961,875.0036.7x-28.9x2.9x
Mon, 28 Nov 2022SEK 130.6bSEK 44.9b-SEK 4,697,996,511.0035.8x-27.8x2.9x
Wed, 26 Oct 2022SEK 125.1bSEK 40.8bSEK 233.5m39.6x535.8x3.1x
Fri, 23 Sep 2022SEK 110.3bSEK 40.9bSEK 159.5m42.1x691.8x2.7x
Price to Earnings Ratio

691.8x


Total Market Cap: SEK 110.3bTotal Earnings: SEK 159.5mTotal Revenue: SEK 40.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average 7.7x202320242025
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 2.7x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • Total earnings for the Application Software industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 4.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Swedish Application Software compare with similar industries?

SE Market0.078%
Tech-0.97%
Software-1.13%
Application Software-1.16%
Systems Software-0.95%
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 30.041.7%
+SEK 414.0m		1.1%PS0.9x
ONEF OneflowSEK 30.2015.3%
+SEK 113.6m		-22.8%PS4.4x
CFISH CrunchfishSEK 3.8123.7%
+SEK 53.9m		-12.5%PS28.3x
UPSALE Upsales TechnologySEK 34.404.9%
+SEK 26.9m		-5.0%PE33x
OBSE ObservitSEK 0.623.8%
+SEK 12.6m		119.0%n/a

Latest News

QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
VIT B
SEK 331.00
Vitec Software Group
7D
-4.7%
1Y
-33.3%

What Does Vitec Software Group AB (publ)'s (STO:VIT B) Share Price Indicate?

Sep 15
What Does Vitec Software Group AB (publ)'s (STO:VIT B) Share Price Indicate?
ONEF
SEK 30.20
Oneflow
7D
15.3%
1Y
-22.8%
SINCH
SEK 30.04
Sinch
7D
1.7%
1Y
1.1%
NEO B
SEK 1.50
Neovici Holding
7D
-30.2%
1Y
-83.3%
LIME
SEK 317.50
Lime Technologies
7D
-5.8%
1Y
-2.3%
KLIMAT
SEK 4.07
Klimator
7D
8.5%
1Y
88.4%
CHECK
SEK 6.72
Checkin.Com Group
7D
6.3%
1Y
-69.5%
DONE
SEK 8.43
Done.ai Group
7D
-3.1%
1Y
-58.7%
CFISH
SEK 3.81
Crunchfish
7D
23.7%
1Y
-12.5%
CINT
SEK 6.61
Cint Group
7D
-5.4%
1Y
-27.8%
TRUE B
SEK 43.04
Truecaller
7D
-1.6%
1Y
14.2%
UPSALE
SEK 34.40
Upsales Technology
7D
4.9%
1Y
-5.0%
OPSYH
SEK 7.25
Opsy Holding
7D
7.4%
1Y
n/a
OBSE
SEK 0.62
Observit
7D
3.8%
1Y
119.0%
NOWO
SEK 6.70
Nowonomics
7D
-24.3%
1Y
119.0%