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Swedish (OMX) Software Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies67
  • 7D6.9%
  • 3M13.6%
  • 1Y-13.6%
  • YTD13.9%

Over the last 7 days, the Software industry has risen 6.9%, driven by gains from Sinch of 9.8%. During this same period, the Stockholm Nordtech Group underperformed, falling 6.7%. In contrast, the industry has lost 14% in the last 12 months. Looking forward, earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026SEK 86.1bSEK 45.7b-SEK 1,482,186,045.4624.1x-58.1x1.9x
Wed, 08 Jul 2026SEK 73.5bSEK 45.6b-SEK 1,407,660,408.1324.7x-52.2x1.6x
Fri, 05 Jun 2026SEK 75.5bSEK 45.3b-SEK 1,384,230,800.5024.9x-54.5x1.7x
Sun, 03 May 2026SEK 63.6bSEK 46.0b-SEK 1,468,775,590.2025.8x-43.3x1.4x
Tue, 31 Mar 2026SEK 54.7bSEK 46.1b-SEK 1,546,011,314.5423.1x-35.4x1.2x
Thu, 26 Feb 2026SEK 54.2bSEK 45.6bSEK 411.0m21.5x132x1.2x
Sat, 24 Jan 2026SEK 65.8bSEK 48.0bSEK 2.2b25.1x30.1x1.4x
Mon, 22 Dec 2025SEK 72.0bSEK 48.1bSEK 2.2b27x32.3x1.5x
Wed, 19 Nov 2025SEK 71.3bSEK 49.0bSEK 2.3b27.1x31.5x1.5x
Fri, 17 Oct 2025SEK 91.3bSEK 49.9b-SEK 3,689,553,061.4731.7x-24.7x1.8x
Sun, 14 Sep 2025SEK 91.6bSEK 49.9b-SEK 3,714,859,386.4433.7x-24.7x1.8x
Tue, 12 Aug 2025SEK 96.8bSEK 50.0b-SEK 3,434,446,970.4634.6x-28.2x1.9x
Thu, 10 Jul 2025SEK 163.4bSEK 52.4b-SEK 2,673,144,458.7733.1x-61.1x3.1x
Sat, 07 Jun 2025SEK 157.4bSEK 52.4b-SEK 2,701,516,196.4533.2x-58.3x3x
Mon, 05 May 2025SEK 160.1bSEK 51.1b-SEK 2,665,650,988.3332x-60.1x3.1x
Wed, 02 Apr 2025SEK 159.2bSEK 51.5b-SEK 3,142,562,205.0734.6x-50.7x3.1x
Fri, 28 Feb 2025SEK 161.1bSEK 51.3b-SEK 4,806,337,855.5140.1x-33.5x3.1x
Sun, 26 Jan 2025SEK 154.4bSEK 49.6b-SEK 9,691,726,185.3343.9x-15.9x3.1x
Tue, 24 Dec 2024SEK 145.8bSEK 49.6b-SEK 9,714,816,206.5740x-15x2.9x
Thu, 21 Nov 2024SEK 137.7bSEK 48.5b-SEK 9,803,614,352.7141.7x-14x2.8x
Sat, 19 Oct 2024SEK 141.4bSEK 47.8b-SEK 4,191,510,711.5438x-33.7x3x
Mon, 16 Sep 2024SEK 139.3bSEK 47.7b-SEK 4,134,642,814.7638x-33.7x2.9x
Wed, 14 Aug 2024SEK 133.5bSEK 47.4b-SEK 4,316,960,049.8952.9x-30.9x2.8x
Fri, 12 Jul 2024SEK 138.6bSEK 47.5b-SEK 4,469,557,438.9255.6x-31x2.9x
Sun, 09 Jun 2024SEK 139.8bSEK 47.6b-SEK 4,482,262,472.9055.2x-31.2x2.9x
Tue, 07 May 2024SEK 144.6bSEK 50.4b-SEK 4,623,741,057.6448.8x-31.3x2.9x
Thu, 04 Apr 2024SEK 145.9bSEK 51.2b-SEK 4,784,587,323.6249.5x-30.5x2.8x
Sat, 02 Mar 2024SEK 163.1bSEK 52.1b-SEK 5,096,438,622.5959x-32x3.1x
Mon, 29 Jan 2024SEK 153.4bSEK 50.4b-SEK 4,773,063,677.0067.9x-32.1x3x
Wed, 27 Dec 2023SEK 149.5bSEK 50.3b-SEK 4,650,226,870.0065.9x-32.1x3x
Fri, 24 Nov 2023SEK 130.2bSEK 51.1b-SEK 4,828,211,688.0051.8x-27x2.5x
Sun, 22 Oct 2023SEK 115.1bSEK 51.0b-SEK 9,475,404,799.0044.1x-12.1x2.3x
Tue, 19 Sep 2023SEK 118.6bSEK 51.0b-SEK 9,558,395,901.0043.6x-12.4x2.3x
Thu, 17 Aug 2023SEK 126.7bSEK 50.9b-SEK 9,639,535,971.0044.2x-13.1x2.5x
Price to Earnings Ratio

-13.1x


Total Market Cap: SEK 126.7bTotal Earnings: -SEK 9,639,535,971.00Total Revenue: SEK 50.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average -26.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Software industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 3.5% 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 Trends

Which industries have driven the changes within the Swedish Tech industry?

SE Market1.11%
Tech3.17%
Software6.92%
Systems Software19.25%
Application Software4.85%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 59.4x.
    • Analysts are expecting annual earnings growth of 36.3%, which is lower than the prior year's growth of 96.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 36% over the next 5 years.
  • However this is lower than its past earnings growth rate of 96% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 33% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SINCH SinchSEK 43.788.8%
+SEK 2.6b		40.8%PE68.6x
YUBICO YubicoSEK 87.8539.7%
+SEK 2.1b		-35.9%PE49.9x
VIT B Vitec Software GroupSEK 245.604.7%
+SEK 438.3m		-34.4%PE21.1x
TRUE B TruecallerSEK 19.334.1%
+SEK 249.2m		-58.8%PE24.7x
BRIX BrioxSEK 20.456.1%
+SEK 89.0m		72.6%PS44.1x

Latest News

YUBICO
SEK 87.85
Yubico
7D
39.7%
1Y
-35.9%
VIT B
SEK 245.60
Vitec Software Group
7D
4.7%
1Y
-34.4%
SLEEP
SEK 23.50
Sleep Cycle
7D
-5.2%
1Y
-21.8%
SINCH
SEK 43.78
Sinch
7D
8.8%
1Y
40.8%
NTECH
SEK 75.30
Stockholm Nordtech Group
7D
-2.4%
1Y
n/a
LASER
SEK 29.10
Lasernet Group
7D
-3.6%
1Y
3.6%
TRUE B
SEK 19.33
Truecaller
7D
4.1%
1Y
-58.8%
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LIME
SEK 227.00
Lime Technologies
7D
2.3%
1Y
-36.8%
MSAB B
SEK 88.60
Micro Systemation
7D
-3.1%
1Y
51.7%
SMCRT
SEK 14.32
SmartCraft Group
7D
-7.6%
1Y
n/a
ONEF
SEK 17.80
Oneflow
7D
-12.3%
1Y
-30.5%
VERT B
SEK 58.80
Vertiseit
7D
3.2%
1Y
-24.0%
ADVE
SEK 17.88
Advenica
7D
5.4%
1Y
-16.8%
BRIX
SEK 20.45
Briox
7D
6.1%
1Y
72.6%
CLAV
SEK 4.66
Clavister Holding AB (publ.)
7D
-1.2%
1Y
0%
NORDIG
SEK 0.65
Nord Insuretech Group
7D
-7.9%
1Y
201.4%