Vitec sells vertical software to niche Swedish and Nordic markets: video and conferencing tools for property and real estate, rental and property management systems, and broadcast and media production software. Its edge is that these products sit inside daily workflows for specialised customers, which tends to produce sticky, recurring revenue and an acquisition-led model that has compounded its top line. Revenue growth of 16.9% and a 23.6% operating margin show the model is still scaling profitably, though the 9.4% ROE is modest for a software business and reflects a balance sheet carrying acquisition-related capital. At 24.3x forward earnings the stock is priced for continued execution, so the question for a deeper look is whether organic growth holds up alongside further bolt-on deals. Note the stock is outside major index memberships, which limits passive flow support and may keep it more sensitive to its own news cycle.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | kr 323 | first publication | kr 314 |
| 22 Oct 2026, 14:04 CEST | Fair value | kr 288 | first publication | kr 303 |
| 22 Oct 2026, 14:04 CEST | Rating | Fairly valued | first publication | kr 303 |
Answered from Vitec Software Group AB (publ) fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| VIT-B.ST Vitec Software Group AB (publ) | kr 300.60 | kr 288 | 4% above | 26.0x | 9.4% | 70 | 70 |
| 3697.T SHIFT Inc. | ¥1156.00 | - | - | 40.0x | 17.8% | 56 | 73 |
| WTC.AX WiseTech Global Limited | A$40.12 | - | - | 52.1x | 9.8% | 73 | 59 |
| FIG Figma Inc. Class A Common Stock | $24.64 | $22 | 12% above | - | -108.6% | 47 | 48 |
| HUBS HubSpot Inc. Common Stock | $270.88 | $207 | 31% above | 96.7x | 7.9% | 64 | 67 |
| MANH Manhattan Associates Inc. Common Stock | $238.19 | $100 | 138% above | 67.8x | 96.4% | 89 | 60 |
| GWRE Guidewire Software Inc. Common Stock | $189.00 | $82 | 131% above | 116.0x | 10.5% | 71 | 53 |
Where VIT-B.ST ranks against its sector peers on each metric.