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Swedish (OMX) Application Software Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies58
  • 7D0.3%
  • 3M-3.6%
  • 1Y-35.3%
  • YTDn/a

The Application Software industry has stayed flat over the last week. Unfortunately though, the industry is down 35% over the past 12 months. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026SEK 55.4bSEK 42.8b-SEK 1,636,427,550.7426.2x-33.8x1.3x
Tue, 24 Mar 2026SEK 44.5bSEK 42.2b-SEK 1,751,117,137.2320.7x-25.4x1.1x
Thu, 19 Feb 2026SEK 45.6bSEK 43.9bSEK 2.5b20.9x18.6x1x
Sat, 17 Jan 2026SEK 57.6bSEK 44.8bSEK 1.9b25.8x30x1.3x
Mon, 15 Dec 2025SEK 63.6bSEK 44.9bSEK 2.0b25.5x32.5x1.4x
Wed, 12 Nov 2025SEK 64.0bSEK 45.7bSEK 2.0b22.7x31.8x1.4x
Fri, 10 Oct 2025SEK 78.8bSEK 46.7b-SEK 3,968,284,229.8630.2x-19.9x1.7x
Sun, 07 Sep 2025SEK 77.2bSEK 46.7b-SEK 3,962,267,522.1332x-19.5x1.7x
Tue, 05 Aug 2025SEK 83.4bSEK 46.7b-SEK 3,821,182,083.2731.6x-21.8x1.8x
Thu, 03 Jul 2025SEK 143.2bSEK 49.1b-SEK 3,067,097,129.0329.8x-46.7x2.9x
Sat, 31 May 2025SEK 136.9bSEK 49.0b-SEK 3,113,024,167.9027.1x-44x2.8x
Mon, 28 Apr 2025SEK 137.7bSEK 48.8b-SEK 3,037,067,957.5321.4x-45.4x2.8x
Wed, 26 Mar 2025SEK 132.9bSEK 48.4b-SEK 3,546,052,187.8730.3x-37.5x2.7x
Fri, 21 Feb 2025SEK 141.1bSEK 46.8b-SEK 5,277,888,470.2435.2x-26.7x3x
Sun, 19 Jan 2025SEK 123.4bSEK 46.5b-SEK 10,050,535,325.7939.9x-12.3x2.7x
Tue, 17 Dec 2024SEK 124.6bSEK 46.2b-SEK 10,033,377,604.9541.5x-12.4x2.7x
Thu, 14 Nov 2024SEK 120.1bSEK 45.4b-SEK 10,137,686,370.1435.9x-11.8x2.6x
Sat, 12 Oct 2024SEK 118.3bSEK 44.8b-SEK 4,303,416,883.4434.8x-27.5x2.6x
Mon, 09 Sep 2024SEK 113.5bSEK 44.8b-SEK 4,333,953,191.6237x-26.2x2.5x
Wed, 07 Aug 2024SEK 112.6bSEK 44.7b-SEK 4,424,844,797.6836.1x-25.4x2.5x
Fri, 05 Jul 2024SEK 113.7bSEK 44.7b-SEK 4,542,818,307.5049.8x-25x2.5x
Sun, 02 Jun 2024SEK 114.9bSEK 44.4b-SEK 4,630,390,329.3348.1x-24.8x2.6x
Tue, 30 Apr 2024SEK 126.5bSEK 47.8b-SEK 4,753,177,365.1749.4x-26.6x2.6x
Thu, 28 Mar 2024SEK 128.7bSEK 48.5b-SEK 4,853,530,032.1954.8x-26.5x2.7x
Sat, 24 Feb 2024SEK 138.2bSEK 49.2b-SEK 5,197,027,442.7251.3x-26.6x2.8x
Mon, 22 Jan 2024SEK 130.2bSEK 49.6b-SEK 4,739,691,823.0059.8x-27.5x2.6x
Wed, 20 Dec 2023SEK 136.9bSEK 49.5b-SEK 4,643,755,294.0056.7x-29.5x2.8x
Fri, 17 Nov 2023SEK 114.8bSEK 50.3b-SEK 4,775,510,022.0057.3x-24x2.3x
Sun, 15 Oct 2023SEK 109.3bSEK 50.0b-SEK 9,416,588,179.0042.9x-11.6x2.2x
Tue, 12 Sep 2023SEK 118.4bSEK 50.1b-SEK 9,485,580,526.0044.1x-12.5x2.4x
Thu, 10 Aug 2023SEK 126.9bSEK 50.0b-SEK 9,474,649,326.0042.1x-13.4x2.5x
Sat, 08 Jul 2023SEK 122.9bSEK 49.7b-SEK 9,519,802,944.0042.1x-12.9x2.5x
Mon, 05 Jun 2023SEK 130.4bSEK 49.6b-SEK 9,451,480,155.0039.1x-13.8x2.6x
Wed, 03 May 2023SEK 129.3bSEK 49.3b-SEK 9,293,551,799.0040.9x-13.9x2.6x
Price to Earnings Ratio

-13.9x


Total Market Cap: SEK 129.3bTotal Earnings: -SEK 9,293,551,799.00Total Revenue: SEK 49.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -18.1x202420252026
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 3.4% 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-3.19%
Tech0.49%
Software0.33%
Application Software0.26%
Systems Software0.77%
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 27.871.3%
+SEK 271.1m		25.5%PE94.1x
SMCRT SmartCraft GroupSEK 16.369.9%
+SEK 237.1m		n/aPE31.7x
TERRNT B TerranetSEK 0.0827.4%
+SEK 38.5m		-27.3%PS24.2x
NORDIG Nord Insuretech GroupSEK 0.7014.8%
+SEK 33.3m		139.7%PS60.5x
BRIX BrioxSEK 19.362.0%
+SEK 28.9m		224.8%PS48.4x

Latest News

UPSALE
SEK 28.00
Upsales Technology
7D
5.7%
1Y
-14.4%
SINCH
SEK 27.87
Sinch
7D
1.3%
1Y
25.5%
VIT B
SEK 269.60
Vitec Software Group
7D
-1.8%
1Y
-41.4%
LIME
SEK 230.50
Lime Technologies
7D
-0.9%
1Y
-39.0%

Earnings Release: Here's Why Analysts Cut Their Lime Technologies AB (publ) (STO:LIME) Price Target To kr313

Apr 24
Earnings Release: Here's Why Analysts Cut Their Lime Technologies AB (publ) (STO:LIME) Price Target To kr313
TERRNT B
SEK 0.08
Terranet
7D
27.4%
1Y
-27.3%

Is Terranet (STO:TERRNT B) In A Good Position To Deliver On Growth Plans?

Apr 23
Is Terranet (STO:TERRNT B) In A Good Position To Deliver On Growth Plans?
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
TRUE B
SEK 11.61
Truecaller
7D
-3.1%
1Y
-83.9%

TRUE B: Multi Partner Messaging Shift And New Buy Rating Will Support Repricing

Analysts keep the fair value estimate steady at SEK 68.0, balancing Deutsche Bank's new SEK 15 Buy rating with Nordea's downgrade to Hold, and reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight the SEK 15 price target as support for upside potential relative to the current fair value estimate of SEK 68.0, maintaining a constructive view on the balance of risk and reward.
OPTER
SEK 86.00
Opter
7D
3.4%
1Y
-20.7%
SMCRT
SEK 16.36
SmartCraft Group
7D
9.9%
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?
DONE
SEK 8.86
Done.ai Group
7D
-3.5%
1Y
-14.3%
CINT
SEK 4.21
Cint Group
7D
-6.2%
1Y
-41.8%
SKOLON
SEK 20.00
Skolon
7D
-6.5%
1Y
-33.3%
FPIP
SEK 23.10
Formpipe Software
7D
-1.7%
1Y
-10.1%
XMR
SEK 0.04
XMReality
7D
68.6%
1Y
161.8%
BRIX
SEK 19.36
Briox
7D
2.0%
1Y
224.8%

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
NORDIG
SEK 0.70
Nord Insuretech Group
7D
14.8%
1Y
139.7%

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