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Swedish (OMX) Software Industry Analysis
UpdatedJun 07, 2025
DataAggregated Company Financials
Companies68
- 7D2.4%
- 3M2.4%
- 1Y8.6%
- YTD3.2%
The Software industry is up 2.4% in the last week, with Truecaller up 7.0%. This takes the industry's 12 month performance to a gain of 8.6%. Earnings are forecast to grow by 40% annually.
Industry Valuation and Performance
Has the Swedish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Jun 2025 | SEK 157.4b | SEK 52.4b | -SEK 2,701,516,196.45 | 33.2x | -58.3x | 3x |
| Tue, 06 May 2025 | SEK 159.4b | SEK 51.1b | -SEK 2,666,298,229.06 | 32x | -59.8x | 3.1x |
| Thu, 03 Apr 2025 | SEK 158.7b | SEK 51.5b | -SEK 3,141,787,280.17 | 35.1x | -50.5x | 3.1x |
| Sat, 01 Mar 2025 | SEK 161.1b | SEK 51.6b | -SEK 3,155,776,094.15 | 35.6x | -51x | 3.1x |
| Mon, 27 Jan 2025 | SEK 154.4b | SEK 49.6b | -SEK 9,691,726,185.33 | 43.9x | -15.9x | 3.1x |
| Wed, 25 Dec 2024 | SEK 145.9b | SEK 49.6b | -SEK 9,727,939,059.49 | 40x | -15x | 2.9x |
| Fri, 22 Nov 2024 | SEK 138.3b | SEK 48.5b | -SEK 9,788,453,476.85 | 41.5x | -14.1x | 2.8x |
| Sun, 20 Oct 2024 | SEK 141.4b | SEK 47.8b | -SEK 4,185,714,711.54 | 38x | -33.8x | 3x |
| Tue, 17 Sep 2024 | SEK 139.3b | SEK 47.4b | -SEK 4,121,390,789.93 | 38.3x | -33.8x | 2.9x |
| Thu, 15 Aug 2024 | SEK 135.0b | SEK 47.4b | -SEK 4,328,319,535.20 | 52.4x | -31.2x | 2.8x |
| Sat, 13 Jul 2024 | SEK 140.7b | SEK 47.5b | -SEK 4,502,667,921.95 | 56.3x | -31.3x | 3x |
| Mon, 10 Jun 2024 | SEK 139.8b | SEK 47.6b | -SEK 4,482,262,472.90 | 55.2x | -31.2x | 2.9x |
| Wed, 08 May 2024 | SEK 142.2b | SEK 50.3b | -SEK 4,624,663,515.07 | 50.1x | -30.7x | 2.8x |
| Fri, 05 Apr 2024 | SEK 148.3b | SEK 51.2b | -SEK 4,786,051,847.61 | 49x | -31x | 2.9x |
| Sun, 03 Mar 2024 | SEK 163.1b | SEK 52.1b | -SEK 5,092,944,622.59 | 59x | -32x | 3.1x |
| Tue, 30 Jan 2024 | SEK 153.4b | SEK 50.4b | -SEK 4,759,080,626.00 | 66.7x | -32.2x | 3x |
| Thu, 28 Dec 2023 | SEK 154.1b | SEK 50.3b | -SEK 4,648,616,161.00 | 66.9x | -33.2x | 3.1x |
| Sat, 25 Nov 2023 | SEK 128.7b | SEK 51.1b | -SEK 4,823,628,129.00 | 51.5x | -26.7x | 2.5x |
| Mon, 23 Oct 2023 | SEK 115.1b | SEK 51.1b | -SEK 9,476,109,799.00 | 44.1x | -12.1x | 2.3x |
| Wed, 20 Sep 2023 | SEK 119.0b | SEK 51.0b | -SEK 9,554,819,230.00 | 42.9x | -12.5x | 2.3x |
| Fri, 18 Aug 2023 | SEK 123.9b | SEK 50.9b | -SEK 9,637,765,928.00 | 43.6x | -12.9x | 2.4x |
| Sun, 16 Jul 2023 | SEK 133.2b | SEK 50.7b | -SEK 9,345,455,132.00 | 41.5x | -14.3x | 2.6x |
| Tue, 13 Jun 2023 | SEK 130.5b | SEK 50.4b | -SEK 9,598,324,673.00 | 39.9x | -13.6x | 2.6x |
| Thu, 11 May 2023 | SEK 132.5b | SEK 50.2b | -SEK 9,345,973,486.00 | 39.8x | -14.2x | 2.6x |
| Sat, 08 Apr 2023 | SEK 132.6b | SEK 49.8b | -SEK 9,266,163,007.00 | 38.5x | -14.3x | 2.7x |
| Mon, 06 Mar 2023 | SEK 142.4b | SEK 49.4b | -SEK 9,031,155,243.00 | 37.7x | -15.8x | 2.9x |
| Wed, 01 Feb 2023 | SEK 142.7b | SEK 46.4b | -SEK 4,796,528,502.00 | 41x | -29.7x | 3.1x |
| Fri, 30 Dec 2022 | SEK 135.5b | SEK 46.2b | -SEK 4,762,554,464.00 | 31.5x | -28.5x | 2.9x |
| Sun, 27 Nov 2022 | SEK 132.4b | SEK 45.6b | -SEK 4,814,753,477.00 | 33.3x | -27.5x | 2.9x |
| Tue, 25 Oct 2022 | SEK 121.6b | SEK 41.9b | SEK 51.2m | 33.5x | 2375.6x | 2.9x |
| Thu, 22 Sep 2022 | SEK 118.3b | SEK 41.6b | SEK 37.0m | 37.1x | 3199.7x | 2.8x |
| Sat, 20 Aug 2022 | SEK 139.3b | SEK 41.3b | SEK 183.3m | 40.4x | 759.6x | 3.4x |
| Mon, 18 Jul 2022 | SEK 127.3b | SEK 37.2b | SEK 135.2m | 39.1x | 941.5x | 3.4x |
| Wed, 15 Jun 2022 | SEK 145.2b | SEK 37.2b | SEK 227.3m | 34.8x | 638.5x | 3.9x |
Price to Earnings Ratio
638.5x
Current Industry PE
- Investors are relatively neutral on the Swedish Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 12% 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 Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | 1.21% | |
| Tech | 1.83% | |
| Software | 2.38% | |
| Application Software | 2.89% | |
| Systems Software | -1.73% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 29.5x.
- Analysts are expecting annual earnings growth of 29.0%, which is lower than the prior year's growth of 148.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings growth rate of 26% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 29% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TRUE B Truecaller | SEK 69.20 | 7.0% +SEK 1.5b | 83.5% | PE48.3x | |
| VIT B Vitec Software Group | SEK 458.80 | 6.2% +SEK 1.1b | -15.7% | PE44.9x | |
| SINCH Sinch | SEK 26.07 | 2.4% +SEK 515.2m | 11.7% | PS0.8x | |
| LIME Lime Technologies | SEK 415.50 | 4.4% +SEK 232.5m | 19.7% | PE58.7x | |
| CLAV Clavister Holding AB (publ.) | SEK 6.08 | 9.9% +SEK 170.2m | 382.5% | PS9.4x |
