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Swedish (OMX) Application Software Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies58
  • 7D-9.7%
  • 3M-23.6%
  • 1Y-52.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 5.8%, driven by pullbacks in Vitec Software Group and Sinch of 10% and 5.2%, respectively. The industry has fallen 47% in the last year. Looking forward, earnings are forecast to grow by 46% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 31 Mar 2023SEK 131.4bSEK 49.0b-SEK 9,128,794,633.0039.3x-14.4x2.7x
Sun, 26 Feb 2023SEK 129.6bSEK 48.6b-SEK 8,886,664,117.0040.1x-14.6x2.7x
Price to Earnings Ratio

-14.6x


Total Market Cap: SEK 129.6bTotal Earnings: -SEK 8,886,664,117.00Total Revenue: SEK 48.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Application Software Industry Price to Earnings3Y Average -18.5x202420252026
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 industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of -18.6x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.1x.
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 declined 2.7% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Swedish Application Software compare with similar industries?

SE Market-0.44%
Tech1.52%
Software-10.06%
Application Software-9.69%
Systems Software-12.08%
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
DONE Done.ai GroupSEK 10.408.7%
+SEK 69.1m		-46.1%PE0.5x
BRIX BrioxSEK 20.903.0%
+SEK 45.6m		294.3%PS52.1x
CFISH CrunchfishSEK 2.7913.0%
+SEK 24.9m		210.0%PS24.6x
NEO B Neovici HoldingSEK 3.4014.9%
+SEK 22.0m		-54.1%n/a
FPIP Formpipe SoftwareSEK 22.301.8%
+SEK 21.7m		-14.2%PE238x

Latest News

DIVIO B
SEK 0.12
Divio Technologies
7D
26.9%
1Y
-48.3%
XMR
SEK 0.016
XMReality
7D
60.0%
1Y
0%
LIME
SEK 185.00
Lime Technologies
7D
-18.5%
1Y
-50.2%
SINCH
SEK 21.83
Sinch
7D
-11.1%
1Y
-12.6%
CFISH
SEK 2.79
Crunchfish
7D
13.0%
1Y
210.0%
TRUE B
SEK 10.27
Truecaller
7D
-28.1%
1Y
-87.2%
CINT
SEK 2.28
Cint Group
7D
-11.0%
1Y
-72.4%
NEO B
SEK 3.40
Neovici Holding
7D
14.9%
1Y
-54.1%
4C
SEK 10.10
4C Group
7D
-16.5%
1Y
-37.7%
ONEF
SEK 19.85
Oneflow
7D
3.7%
1Y
-33.8%
BIM
SEK 4.55
BIMobject
7D
-8.7%
1Y
-34.1%
VIT B
SEK 236.60
Vitec Software Group
7D
-5.5%
1Y
-61.7%

Swedens Constellation Software

1. The Narrative: The Vertical Market Software (VMS) Fortress Vitecs story is built on three specific pillars: The BuyToKeepForever Philosophy: Unlike PE, Vitec never sells.
BRIX
SEK 20.90
Briox
7D
3.0%
1Y
294.3%

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
SDS
SEK 7.25
Seamless Distribution Systems
7D
-26.8%
1Y
1.4%

Seamless Distribution Systems AB (publ)'s (NGM:SDS) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Jan 14
Seamless Distribution Systems AB (publ)'s (NGM:SDS) Price Is Right But Growth Is Lacking After Shares Rocket 29%
DONE
SEK 10.40
Done.ai Group
7D
8.7%
1Y
-46.1%
FPIP
SEK 22.30
Formpipe Software
7D
1.8%
1Y
-14.2%