Many Still Looking Away From Spir Group ASA (OB:SPIR)
Jul 12
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Norwegian (OSEAX) Software Industry Analysis
UpdatedJul 17, 2025
DataAggregated Company Financials
Companies11
- 7D3.5%
- 3M31.0%
- 1Y34.4%
- YTD21.1%
In the last week, the Software industry is up 2.1%, with Spir Group up 18%. During this same period, the Ayfie International underperformed, falling 5.8%. In the last 12 months, the industry was up 33%. As for the next few years, earnings are expected to grow by 36% per annum.
Industry Valuation and Performance
Has the Norwegian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 17 Jul 2025 | NOK 23.8b | NOK 10.3b | NOK 299.0m | 45.6x | 79.5x | 2.3x |
| Sat, 14 Jun 2025 | NOK 34.8b | NOK 17.4b | NOK 593.5m | 43.6x | 58.6x | 2x |
| Mon, 12 May 2025 | NOK 31.3b | NOK 17.2b | NOK 567.3m | 39.8x | 55.3x | 1.8x |
| Wed, 09 Apr 2025 | NOK 26.8b | NOK 17.2b | NOK 584.5m | 34.2x | 45.9x | 1.6x |
| Fri, 07 Mar 2025 | NOK 28.0b | NOK 17.2b | NOK 584.2m | 38.8x | 48x | 1.6x |
| Sun, 02 Feb 2025 | NOK 28.7b | NOK 16.9b | NOK 461.2m | 42.2x | 62.2x | 1.7x |
| Tue, 31 Dec 2024 | NOK 30.3b | NOK 16.9b | NOK 460.8m | 41.7x | 65.9x | 1.8x |
| Thu, 28 Nov 2024 | NOK 29.6b | NOK 16.9b | NOK 453.1m | 41.5x | 65.4x | 1.7x |
| Sat, 26 Oct 2024 | NOK 36.2b | NOK 18.2b | NOK 338.4m | 45.1x | 107x | 2x |
| Mon, 23 Sep 2024 | NOK 36.5b | NOK 18.2b | NOK 348.2m | 46.6x | 104.8x | 2x |
| Wed, 21 Aug 2024 | NOK 34.7b | NOK 18.0b | NOK 543.5m | 15.3x | 63.8x | 1.9x |
| Fri, 19 Jul 2024 | NOK 35.1b | NOK 17.7b | NOK 450.9m | 18.4x | 77.8x | 2x |
| Sun, 16 Jun 2024 | NOK 32.0b | NOK 17.6b | NOK 448.3m | 18.7x | 71.3x | 1.8x |
| Tue, 14 May 2024 | NOK 31.3b | NOK 17.6b | NOK 440.9m | 19.4x | 70.9x | 1.8x |
| Thu, 11 Apr 2024 | NOK 27.2b | NOK 17.0b | -NOK 49,173,408.93 | 22.8x | -554.1x | 1.6x |
| Sat, 09 Mar 2024 | NOK 26.3b | NOK 16.9b | -NOK 38,565,190.49 | 23.6x | -682.7x | 1.6x |
| Mon, 05 Feb 2024 | NOK 36.5b | NOK 18.5b | -NOK 733,558,082.00 | 17.6x | -49.8x | 2x |
| Wed, 03 Jan 2024 | NOK 35.3b | NOK 18.5b | -NOK 734,197,621.00 | 15.9x | -48x | 1.9x |
| Fri, 01 Dec 2023 | NOK 34.2b | NOK 18.5b | -NOK 752,136,187.00 | 15.4x | -45.4x | 1.9x |
| Sun, 29 Oct 2023 | NOK 30.4b | NOK 17.9b | -NOK 756,088,741.00 | 14.6x | -40.2x | 1.7x |
| Tue, 26 Sep 2023 | NOK 31.4b | NOK 17.9b | -NOK 752,907,296.00 | 14.6x | -41.7x | 1.8x |
| Thu, 24 Aug 2023 | NOK 34.6b | NOK 17.5b | -NOK 838,676,164.00 | 13.3x | -41.2x | 2x |
| Sat, 22 Jul 2023 | NOK 35.0b | NOK 16.9b | -NOK 978,936,452.00 | 9.6x | -35.7x | 2.1x |
| Mon, 19 Jun 2023 | NOK 35.4b | NOK 16.9b | -NOK 1,060,831,969.00 | 10.2x | -33.3x | 2.1x |
| Wed, 17 May 2023 | NOK 32.9b | NOK 16.5b | -NOK 804,096,945.00 | 30.9x | -40.9x | 2x |
| Fri, 14 Apr 2023 | NOK 31.6b | NOK 16.1b | -NOK 1,427,627,106.00 | 50.5x | -22.1x | 2x |
| Sun, 12 Mar 2023 | NOK 32.0b | NOK 16.1b | -NOK 1,444,386,522.00 | 42.7x | -22.1x | 2x |
| Tue, 07 Feb 2023 | NOK 36.0b | NOK 38.1b | -NOK 735,005,895.00 | 34.6x | -49x | 0.9x |
| Thu, 05 Jan 2023 | NOK 35.2b | NOK 38.1b | -NOK 722,648,718.00 | 36.3x | -48.7x | 0.9x |
| Sat, 03 Dec 2022 | NOK 35.2b | NOK 38.0b | -NOK 698,587,006.00 | 30.4x | -50.4x | 0.9x |
| Mon, 31 Oct 2022 | NOK 31.2b | NOK 37.8b | -NOK 866,516,637.00 | 35.6x | -36.1x | 0.8x |
| Wed, 28 Sep 2022 | NOK 31.1b | NOK 37.0b | -NOK 957,732,731.00 | 37.7x | -32.5x | 0.8x |
| Fri, 26 Aug 2022 | NOK 34.3b | NOK 36.9b | -NOK 902,553,251.00 | 50.3x | -38x | 0.9x |
| Sun, 24 Jul 2022 | NOK 39.9b | NOK 36.3b | -NOK 1,019,173,681.00 | 59x | -39.2x | 1.1x |
Price to Earnings Ratio
-39.2x
Current Industry PE
- Investors are optimistic on the Norwegian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 78.6x which is higher than its 3-year average PE of -18.2x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.3x.
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 34% 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 Norwegian Tech industry?
| NO Market | -0.64% | |
| Tech | 2.37% | |
| Software | 3.48% | |
| Application Software | 3.48% | |
| Systems Software | 0% | 0 |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 37.4x.
- Analysts are expecting annual earnings growth of 35.8%, which is higher than its past year's earnings decline of 12.0% per year.
- Investors are most pessimistic about the Application Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 37.4x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 36% 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 | |
|---|---|---|---|---|---|
| PEXIP Pexip Holding | NOK 62.90 | 5.2% +NOK 312.1m | 103.2% | PE45.6x | |
| LINK LINK Mobility Group Holding | NOK 28.80 | 2.9% +NOK 227.1m | 44.3% | PE49x | |
| SPIR Spir Group | NOK 10.85 | 18.2% +NOK 222.0m | 34.0% | PE38.2x | |
| ELABS Elliptic Laboratories | NOK 13.54 | 2.9% +NOK 40.0m | 0.1% | PS10.5x | |
| SMCRT SmartCraft | NOK 28.40 | 0.4% +NOK 16.6m | -4.4% | PE48.9x |
