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Swedish (OMX) Software Industry Analysis

UpdatedAug 29, 2026
DataAggregated Company Financials
Companies66
  • 7D5.0%
  • 3M18.0%
  • 1Y-4.8%
  • YTD20.5%

The Software industry is up 5.0% in the last week, with Sinch up 4.5%. In the past year, the industry is down 4.8%. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Aug 2026SEK 88.5bSEK 43.4bSEK 553.1m24.7x160x2x
Mon, 27 Jul 2026SEK 75.8bSEK 45.6b-SEK 1,396,680,469.3321.9x-54.3x1.7x
Wed, 24 Jun 2026SEK 68.8bSEK 45.6b-SEK 1,415,783,494.3323.6x-48.6x1.5x
Fri, 22 May 2026SEK 73.5bSEK 45.3b-SEK 1,332,768,049.7527.4x-55.2x1.6x
Sun, 19 Apr 2026SEK 63.0bSEK 46.0b-SEK 1,506,636,388.3827.6x-41.8x1.4x
Tue, 17 Mar 2026SEK 55.8bSEK 45.5b-SEK 1,599,957,486.3024x-34.9x1.2x
Thu, 12 Feb 2026SEK 60.4bSEK 48.0bSEK 2.2b23.2x27.2x1.3x
Sat, 10 Jan 2026SEK 71.5bSEK 48.0bSEK 2.2b27.7x32.8x1.5x
Mon, 08 Dec 2025SEK 73.5bSEK 48.1bSEK 2.2b27.3x33.1x1.5x
Wed, 05 Nov 2025SEK 85.3bSEK 50.0b-SEK 3,687,553,936.6329.6x-23.1x1.7x
Fri, 03 Oct 2025SEK 91.0bSEK 49.9b-SEK 3,689,534,107.7031.7x-24.7x1.8x
Sun, 31 Aug 2025SEK 94.5bSEK 50.0b-SEK 3,631,663,636.0337.3x-26x1.9x
Tue, 29 Jul 2025SEK 102.3bSEK 50.0b-SEK 3,400,682,140.1635.3x-30.1x2x
Thu, 26 Jun 2025SEK 155.5bSEK 52.4b-SEK 2,693,667,414.4333.2x-57.7x3x
Sat, 24 May 2025SEK 151.4bSEK 52.3b-SEK 2,714,349,197.8929.7x-55.8x2.9x
Mon, 21 Apr 2025SEK 155.3bSEK 51.7b-SEK 2,764,381,774.9931.7x-56.2x3x
Wed, 19 Mar 2025SEK 150.9bSEK 51.6b-SEK 3,146,643,422.6935.3x-48x2.9x
Fri, 14 Feb 2025SEK 163.7bSEK 49.9b-SEK 9,260,463,836.6238.9x-17.7x3.3x
Sun, 12 Jan 2025SEK 140.6bSEK 49.6b-SEK 9,701,948,217.8642.5x-14.5x2.8x
Tue, 10 Dec 2024SEK 152.9bSEK 49.3b-SEK 9,725,155,420.9842.1x-15.7x3.1x
Thu, 07 Nov 2024SEK 145.2bSEK 47.9b-SEK 3,960,178,010.3843x-36.7x3x
Sat, 05 Oct 2024SEK 144.1bSEK 47.7b-SEK 4,188,841,432.1538.7x-34.4x3x
Mon, 02 Sep 2024SEK 144.8bSEK 47.7b-SEK 4,165,588,722.2837.9x-34.8x3x
Wed, 31 Jul 2024SEK 148.9bSEK 47.5b-SEK 4,446,709,378.8156.3x-33.5x3.1x
Fri, 28 Jun 2024SEK 138.7bSEK 47.5b-SEK 4,453,759,493.5255.2x-31.1x2.9x
Sun, 26 May 2024SEK 136.4bSEK 47.2b-SEK 4,609,918,687.0058.1x-29.6x2.9x
Tue, 23 Apr 2024SEK 138.8bSEK 51.3b-SEK 4,820,758,737.3045.9x-28.8x2.7x
Thu, 21 Mar 2024SEK 145.6bSEK 51.1b-SEK 4,696,441,628.1747.9x-31x2.8x
Sat, 17 Feb 2024SEK 161.1bSEK 50.3b-SEK 4,884,015,792.0063.6x-33x3.2x
Mon, 15 Jan 2024SEK 149.4bSEK 50.4b-SEK 4,740,745,652.0067.7x-31.5x3x
Wed, 13 Dec 2023SEK 142.0bSEK 50.4b-SEK 4,725,129,376.0059.9x-30x2.8x
Fri, 10 Nov 2023SEK 120.9bSEK 51.1b-SEK 4,910,272,445.0045.7x-24.6x2.4x
Sun, 08 Oct 2023SEK 115.1bSEK 50.8b-SEK 9,485,555,063.0045.1x-12.1x2.3x
Tue, 05 Sep 2023SEK 122.7bSEK 50.9b-SEK 9,544,478,761.0046.4x-12.9x2.4x
Price to Earnings Ratio

-12.9x


Total Market Cap: SEK 122.7bTotal Earnings: -SEK 9,544,478,761.00Total Revenue: SEK 50.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average -23.8x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 160x which is higher than its 3-year average PE of -23.8x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • Total earnings for the Software industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 5.2% 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 Trends

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

SE Market1.37%
Tech1.25%
Software5.00%
Application Software6.09%
Systems Software-0.47%
Industry PE
  • Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings growth of 3.9% per year.
  • Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 61.5x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 35% over the next 5 years.
  • However this is lower than its past earnings growth rate of 77% per year.
  • In contrast, the Application 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?

CompanyLast Price7D1YValuation
SINCH SinchSEK 47.204.5%
+SEK 1.5b		59.7%PE73.9x
TRUE B TruecallerSEK 24.6017.7%
+SEK 1.2b		-45.1%PE31.5x
VIT B Vitec Software GroupSEK 279.2010.3%
+SEK 1.0b		-23.2%PE24x
SMCRT SmartCraft GroupSEK 14.924.3%
+SEK 119.6m		n/aPE29.3x
LIME Lime TechnologiesSEK 256.503.2%
+SEK 106.7m		-24.8%PE28.6x

Latest News

SMCRT
SEK 14.92
SmartCraft Group
7D
4.3%
1Y
n/a
TRUE B
SEK 24.60
Truecaller
7D
17.7%
1Y
-45.1%
SLEEP
SEK 23.80
Sleep Cycle
7D
-3.8%
1Y
-21.5%
YUBICO
SEK 90.85
Yubico
7D
-1.8%
1Y
-33.5%
PREC
SEK 0.70
Precise Biometrics
7D
-7.3%
1Y
-76.2%
STATE
SEK 26.40
Safestate Group
7D
-2.8%
1Y
20.8%
DONE
SEK 7.98
Done.ai Group
7D
-1.5%
1Y
-14.2%
VERT B
SEK 61.80
Vertiseit
7D
4.4%
1Y
-8.3%
Narrative Update • Aug 18

VERT B: Private Placement Will Support Higher Margins And Earnings Quality

Analysts have raised their price target for Vertiseit from SEK 62.0 to SEK 70.5, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E as the key factors behind the revised valuation. What’s in the News for Vertiseit Vertiseit plans a private placement of 3,033,314 class B shares at a subscription price of SEK 60 per share, with expected gross proceeds of SEK 181,998,840.
FREJA
SEK 19.05
Freja eID Group
7D
-4.8%
1Y
60.1%
VIT B
SEK 279.20
Vitec Software Group
7D
10.3%
1Y
-23.2%
SINCH
SEK 47.20
Sinch
7D
4.5%
1Y
59.7%
NTECH
SEK 73.35
Stockholm Nordtech Group
7D
2.2%
1Y
n/a
LIME
SEK 256.50
Lime Technologies
7D
3.2%
1Y
-24.8%
QBNK
SEK 6.75
QBNK Holding
7D
-23.3%
1Y
n/a
BRIX
SEK 21.95
Briox
7D
5.5%
1Y
40.7%
NORDIG
SEK 0.69
Nord Insuretech Group
7D
-3.5%
1Y
176.0%