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Swedish (OMX) Systems Software Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies8
  • 7D4.2%
  • 3M-21.9%
  • 1Y-60.8%
  • YTDn/a

Over the last 7 days, the Systems Software industry has risen 1.4%, driven by gains from Safestate Group of 23%. In contrast, the industry has lost 61% in the last 12 months. As for the next few years, earnings are expected to grow by 37% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026SEK 8.1bSEK 3.2bSEK 148.1m33x54.8x2.5x
Wed, 11 Feb 2026SEK 9.6bSEK 3.3bSEK 273.8m26.9x35x2.9x
Fri, 09 Jan 2026SEK 9.8bSEK 3.3bSEK 266.9m27.7x36.7x3x
Sun, 07 Dec 2025SEK 10.5bSEK 3.3bSEK 265.3m29.9x39.5x3.2x
Tue, 04 Nov 2025SEK 12.0bSEK 3.3bSEK 290.3m32.4x41.4x3.7x
Thu, 02 Oct 2025SEK 15.0bSEK 3.3bSEK 278.8m37.6x53.9x4.6x
Sat, 30 Aug 2025SEK 15.5bSEK 3.3bSEK 278.8m39.5x55.6x4.8x
Mon, 28 Jul 2025SEK 15.4bSEK 3.3bSEK 386.7m39.5x39.9x4.7x
Wed, 25 Jun 2025SEK 15.2bSEK 3.3bSEK 393.4m43.5x38.7x4.6x
Fri, 23 May 2025SEK 15.5bSEK 3.3bSEK 393.4m44x39.5x4.7x
Sun, 20 Apr 2025SEK 18.4bSEK 3.1bSEK 401.6m72.6x45.8x5.9x
Tue, 18 Mar 2025SEK 20.2bSEK 3.1bSEK 401.6m71.6x50.4x6.5x
Thu, 13 Feb 2025SEK 24.0bSEK 3.1bSEK 365.6m61.7x65.6x7.8x
Sat, 11 Jan 2025SEK 20.9bSEK 3.1bSEK 342.1m71.2x61.2x6.8x
Mon, 09 Dec 2024SEK 27.5bSEK 3.1bSEK 342.1m72.5x80.4x9x
Wed, 06 Nov 2024SEK 26.3bSEK 2.9bSEK 148.4m78.8x177.2x9x
Fri, 04 Oct 2024SEK 24.2bSEK 2.9bSEK 132.9m108.9x181.7x8.3x
Sun, 01 Sep 2024SEK 27.3bSEK 2.9bSEK 132.9m124.9x205.4x9.4x
Tue, 30 Jul 2024SEK 27.0bSEK 2.8bSEK 103.5m345x260.9x9.8x
Thu, 27 Jun 2024SEK 22.4bSEK 2.8bSEK 94.0m119.9x238.6x8.1x
Sat, 25 May 2024SEK 21.8bSEK 2.8bSEK 94.0m116x231.4x7.9x
Mon, 22 Apr 2024SEK 17.8bSEK 2.7bSEK 87.5m31.2x203.2x6.6x
Wed, 20 Mar 2024SEK 16.9bSEK 2.7bSEK 87.7m32x192.5x6.2x
Fri, 16 Feb 2024SEK 15.7bSEK 831.7m-SEK 56,967,384.0065.4x-274.8x18.8x
Sun, 14 Jan 2024SEK 14.1bSEK 817.5m-SEK 54,560,384.0093x-258.2x17.2x
Tue, 12 Dec 2023SEK 11.8bSEK 817.5m-SEK 54,560,384.0079x-216.4x14.4x
Thu, 09 Nov 2023SEK 11.0bSEK 820.4m-SEK 53,708,384.0033.7x-204.9x13.4x
Sat, 07 Oct 2023SEK 2.0bSEK 800.7m-SEK 63,187,384.0045.1x-31.2x2.5x
Mon, 04 Sep 2023SEK 2.0bSEK 801.3m-SEK 63,187,384.0046.5x-32x2.5x
Wed, 02 Aug 2023SEK 1.9bSEK 804.6m-SEK 64,212,384.0061.1x-29.6x2.4x
Fri, 30 Jun 2023SEK 1.8bSEK 780.9m-SEK 60,127,384.0038.8x-30.6x2.4x
Sun, 28 May 2023SEK 1.9bSEK 782.6m-SEK 110,683,461.0041.5x-17.3x2.5x
Tue, 25 Apr 2023SEK 1.7bSEK 746.4m-SEK 81,357,000.0057.2x-20.9x2.3x
Thu, 23 Mar 2023SEK 1.8bSEK 744.4m-SEK 83,525,000.0053.9x-21.9x2.5x
Price to Earnings Ratio

-21.9x


Total Market Cap: SEK 1.8bTotal Earnings: -SEK 83,525,000.00Total Revenue: SEK 744.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Systems Software Industry Price to Earnings3Y Average 44.6x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Systems Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 54.8x which is higher than its 3-year average PE of 44.6x.
  • The 3-year average PS ratio of 6.6x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • Total earnings for the Systems Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 63% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does Swedish Systems Software compare with similar industries?

SE Market0.51%
Tech4.38%
Software2.32%
Systems Software4.20%
Application Software2.01%
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
STATE Safestate GroupSEK 32.0032.5%
+SEK 315.6m		96.1%PS30.5x
YUBICO YubicoSEK 48.971.9%
+SEK 79.5m		-75.9%PE33x
ADVE AdvenicaSEK 15.262.4%
+SEK 15.8m		-13.3%PE40.5x
TENEO Teneo AISEK 0.542.9%
+SEK 7.4m		-20.0%PS2.4x
KENH Kentima HoldingSEK 2.820.7%
+SEK 583.2k		23.7%PE13x

Latest News

TENEO
SEK 0.54
Teneo AI
7D
2.9%
1Y
-20.0%
KENH
SEK 2.82
Kentima Holding
7D
0.7%
1Y
23.7%
YUBICO
SEK 48.97
Yubico
7D
1.9%
1Y
-75.9%

YUBICO: Global Security Expansion And Singapore Hub Will Drive Future Upside

Analysts have reduced their SEK price target for Yubico from about SEK 78 to roughly SEK 69, reflecting updated assumptions for slightly lower revenue growth, profit margins, and future P/E multiples. What's in the News Opened a third global headquarters in Singapore to serve as a center of excellence for supply chain, operations, sales, and administration across the Asia Pacific region, with a focus on hardware backed authentication and AI related security use cases (Key Developments).
SFTR
SEK 3.86
Safeture
7D
-11.1%
1Y
-35.7%
PREC
SEK 2.02
Precise Biometrics
7D
-3.4%
1Y
-35.0%
ADVE
SEK 15.26
Advenica
7D
2.4%
1Y
-13.3%
CLAV
SEK 4.62
Clavister Holding AB (publ.)
7D
-0.5%
1Y
24.4%
FREJA
SEK 14.90
Freja eID Group
7D
-2.6%
1Y
42.6%
MSAB B
SEK 62.00
Micro Systemation
7D
-1.9%
1Y
22.5%
STATE
SEK 32.00
Safestate Group
7D
32.5%
1Y
96.1%