Norwegian (OSEAX) Software Industry Analysis
UpdatedDec 04, 2022
DataAggregated Company Financials
Companies19
- 7D1.3%
- 3M12.1%
- 1Y-39.0%
- YTD-40.3%
In the last week, the Software industry is up 1.3%, with Volue up 8.6%. In the same time, SmartCraft was down 9.5%. In contrast, the industry has lost 39% in the last 12 months. Earnings are forecast to grow by 63% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 04 Dec 2022 | kr35.2b | kr38.0b | -kr698,232,084.00 | 30.4x | -50.4x | 0.9x |
| Tue, 01 Nov 2022 | kr31.5b | kr37.8b | -kr868,567,929.00 | 36.5x | -36.3x | 0.8x |
| Thu, 29 Sep 2022 | kr30.5b | kr37.0b | -kr956,990,047.00 | 36.3x | -31.9x | 0.8x |
| Sat, 27 Aug 2022 | kr33.9b | kr36.9b | -kr903,519,903.00 | 50.3x | -37.5x | 0.9x |
| Mon, 25 Jul 2022 | kr39.9b | kr36.3b | -kr1,019,173,681.00 | 59x | -39.2x | 1.1x |
| Wed, 22 Jun 2022 | kr35.7b | kr36.3b | -kr508,150,034.00 | 57.1x | -70.3x | 1x |
| Fri, 20 May 2022 | kr33.6b | kr36.1b | -kr533,219,083.00 | 65.6x | -63x | 0.9x |
| Sun, 17 Apr 2022 | kr38.5b | kr35.5b | -kr342,349,754.00 | 74.4x | -112.4x | 1.1x |
| Tue, 15 Mar 2022 | kr43.5b | kr35.6b | -kr342,371,229.00 | 69.3x | -127.2x | 1.2x |
| Thu, 10 Feb 2022 | kr46.5b | kr32.9b | -kr607,713,537.00 | 102.3x | -76.5x | 1.4x |
| Sat, 08 Jan 2022 | kr50.1b | kr32.8b | -kr614,249,985.00 | 120.7x | -81.5x | 1.5x |
| Mon, 06 Dec 2021 | kr50.2b | kr32.6b | -kr568,091,985.00 | 118.5x | -88.3x | 1.5x |
| Wed, 03 Nov 2021 | kr55.4b | kr32.0b | -kr502,576,985.00 | 135.6x | -110.2x | 1.7x |
| Fri, 01 Oct 2021 | kr81.4b | kr30.5b | -kr377,619,794.00 | 160.6x | -215.5x | 2.7x |
| Sun, 29 Aug 2021 | kr59.2b | kr28.5b | -kr417,443,794.00 | 133.6x | -141.9x | 2.1x |
| Mon, 05 Jul 2021 | kr54.9b | kr28.5b | -kr417,443,794.00 | 136.4x | -131.4x | 1.9x |
| Thu, 08 Apr 2021 | kr56.3b | kr27.8b | -kr110,122,212.00 | 61x | -511.2x | 2x |
| Sun, 10 Jan 2021 | kr47.4b | kr25.7b | -kr204,352,280.00 | 99x | -231.9x | 1.8x |
| Sat, 03 Oct 2020 | kr23.9b | kr19.1b | -kr149,496,203.00 | 1472.1x | -159.6x | 1.2x |
| Tue, 07 Jul 2020 | kr13.7b | kr17.7b | -kr19,230,934.00 | 1263x | -715x | 0.8x |
| Fri, 10 Apr 2020 | kr3.8b | kr15.3b | -kr58,244,934.00 | n/a | -65.4x | 0.2x |
| Thu, 02 Jan 2020 | kr4.2b | kr13.7b | -kr21,318,934.00 | n/a | -195.7x | 0.3x |
Price to Earnings Ratio
-195.7x
Current Industry PE
- Investors are pessimistic on the Norwegian Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.93x.
Past Earnings Growth
- The earnings for companies in the Software industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 40% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Norwegian Tech industry?
| NO Market | -0.70% | |
| Tech | 0.48% | |
| Software | 1.26% | |
| Application Software | 1.78% | |
| Systems Software | -0.093% | |
Industry PE
- Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 370x.
- Analysts are expecting annual earnings growth of 62.3%, which is lower than the prior year's growth of 93.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 63% over the next 5 years.
- However this is lower than its past earnings growth rate of 408% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 62% 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 | |
|---|---|---|---|---|---|
| VOLUE Volue | kr32.90 | 8.6% +kr374.1m | -42.6% | PE101.1x | |
| LINK LINK Mobility Group Holding | kr8.84 | 4.9% +kr120.6m | -54.4% | PE11.3x | |
| PEXIP Pexip Holding | kr13.36 | 8.8% +kr109.5m | -64.2% | PS1.6x | |
| GLEX Glex | kr12.00 | 84.6% +kr42.3m | n/a | n/a | |
| SIKRI Sikri Group | kr8.80 | -4.6% kr39.9m | -62.2% | PS1.2x |