SoftwareOne Holding Valuation
Is SWONO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of SWONO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SWONO (NOK98.76) is trading below our estimate of fair value (NOK223.4)
Significantly Below Fair Value: SWONO is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SWONO?
Key metric: As SWONO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is SWONO's PS Ratio? | |
|---|---|
| PS Ratio | 1.7x |
| Sales | CHF 972.80m |
| Market Cap | CHF 1.68b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1x |
| Enterprise Value/EBITDA | 19x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does SWONO's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.2x | ||
MIDW Midwich Group | 0.1x | 3.15% | UK£174.2m |
RSW Renishaw | 3.5x | 5.11% | UK£2.5b |
OXIG Oxford Instruments | 2x | -1.58% | UK£1.0b |
SXS Spectris | 3x | 5.71% | UK£4.1b |
SWONO SoftwareOne Holding | 1.7x | 15.81% | NOK 1.7b |
Price-To-Sales vs Peers: SWONO is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (2.2x).
Price to Sales Ratio vs Industry
How does SWONO's PS Ratio compare vs other companies in the GB Electronic Industry?
Price-To-Sales vs Industry: SWONO is expensive based on its Price-To-Sales Ratio (1.7x) compared to the UK Electronic industry average (1.3x).
Price to Sales Ratio vs Fair Ratio
What is SWONO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.7x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate SWONO's Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 98.76 | NOK 115.12 +16.56% | 21.33% | NOK 176.24 | NOK 88.12 | n/a | 9 |
| Oct ’26 | NOK 103.50 | NOK 114.98 +11.09% | 26.90% | NOK 174.21 | NOK 87.11 | n/a | 10 |
| Sep ’26 | NOK 92.24 | NOK 116.70 +26.52% | 26.88% | NOK 174.73 | NOK 87.37 | n/a | 10 |
| Aug ’26 | NOK 84.00 | NOK 120.40 +43.34% | 29.16% | NOK 191.93 | NOK 89.57 | n/a | 10 |
| Jul ’26 | n/a | NOK 123.89 0% | 28.89% | NOK 190.87 | NOK 89.07 | n/a | 11 |
| Jun ’26 | n/a | NOK 114.74 0% | 25.56% | NOK 166.19 | NOK 86.17 | n/a | 10 |
| May ’26 | n/a | NOK 117.56 0% | 28.44% | NOK 170.19 | NOK 78.16 | n/a | 8 |
| Apr ’26 | n/a | NOK 118.36 0% | 26.25% | NOK 168.41 | NOK 87.33 | n/a | 8 |
| Mar ’26 | n/a | NOK 118.36 0% | 26.25% | NOK 168.41 | NOK 87.33 | n/a | 8 |
| Feb ’26 | n/a | NOK 113.92 0% | 29.30% | NOK 168.38 | NOK 62.36 | n/a | 9 |
| Jan ’26 | n/a | NOK 125.25 0% | 42.82% | NOK 252.74 | NOK 63.18 | n/a | 9 |
| Dec ’25 | n/a | NOK 139.12 0% | 33.35% | NOK 250.66 | NOK 94.00 | n/a | 9 |
| Nov ’25 | n/a | NOK 180.36 0% | 31.37% | NOK 254.02 | NOK 95.26 | NOK 102.76 | 9 |
| Oct ’25 | n/a | NOK 224.50 0% | 8.95% | NOK 250.84 | NOK 188.13 | NOK 103.50 | 10 |
| Sep ’25 | n/a | NOK 224.48 0% | 9.26% | NOK 249.42 | NOK 187.07 | NOK 92.24 | 10 |
| Aug ’25 | n/a | NOK 217.13 0% | 9.49% | NOK 241.52 | NOK 181.14 | NOK 84.00 | 10 |
| Jul ’25 | n/a | NOK 213.38 0% | 8.88% | NOK 239.35 | NOK 179.51 | n/a | 10 |
| Jun ’25 | n/a | NOK 208.87 0% | 8.41% | NOK 236.28 | NOK 177.21 | n/a | 10 |
| May ’25 | n/a | NOK 210.93 0% | 8.05% | NOK 239.49 | NOK 179.62 | n/a | 10 |
| Apr ’25 | n/a | NOK 207.46 0% | 9.29% | NOK 239.63 | NOK 179.72 | n/a | 10 |
| Mar ’25 | n/a | NOK 207.81 0% | 9.76% | NOK 240.94 | NOK 180.70 | n/a | 9 |
| Feb ’25 | n/a | NOK 210.78 0% | 11.93% | NOK 255.36 | NOK 182.40 | n/a | 9 |
| Jan ’25 | n/a | NOK 220.24 0% | 11.84% | NOK 258.54 | NOK 184.67 | n/a | 9 |
| Dec ’24 | n/a | NOK 220.24 0% | 11.84% | NOK 258.54 | NOK 184.67 | n/a | 9 |
| Nov ’24 | n/a | NOK 223.72 0% | 11.84% | NOK 262.62 | NOK 187.59 | n/a | 9 |

Analyst Forecast: Target price is less than 20% higher than the current share price.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/05 19:01 |
| End of Day Share Price | 2025/11/05 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SoftwareOne Holding AG is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Martin Jungfleisch | BNP Paribas |
| Ines Mao | BNP Paribas |
| Ben Castillo-Bernaus | BNP Paribas |