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Norwegian (OSEAX) Software Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies12
- 7D1.7%
- 3M-2.6%
- 1Y22.7%
- YTD-3.9%
Over the last 7 days, the Software industry has risen 1.7%, driven by gains from SmartCraft of 5.6%. Meanwhile, Spir Group actually underperformed within the industry, shrinking 5.5% in the last week. In the last 12 months, the industry was up 23%. Looking forward, earnings are forecast to grow by 44% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | NOK 29.5b | NOK 16.9b | NOK 461.5m | 40.6x | 64x | 1.7x |
| Thu, 19 Dec 2024 | NOK 31.5b | NOK 16.9b | NOK 463.1m | 43.2x | 68x | 1.9x |
| Sat, 16 Nov 2024 | NOK 29.9b | NOK 16.9b | NOK 453.8m | 40.1x | 66x | 1.8x |
| Mon, 14 Oct 2024 | NOK 36.6b | NOK 18.2b | NOK 343.2m | 48.2x | 106.8x | 2x |
| Wed, 11 Sep 2024 | NOK 34.8b | NOK 18.2b | NOK 330.0m | 47.9x | 105.5x | 1.9x |
| Fri, 09 Aug 2024 | NOK 33.1b | NOK 17.7b | NOK 451.3m | 18.2x | 73.3x | 1.9x |
| Sun, 07 Jul 2024 | NOK 32.8b | NOK 17.6b | NOK 447.0m | 18.6x | 73.4x | 1.9x |
| Tue, 04 Jun 2024 | NOK 32.5b | NOK 17.6b | NOK 431.8m | 19.4x | 75.2x | 1.8x |
| Thu, 02 May 2024 | NOK 28.5b | NOK 17.0b | NOK 40.1m | 42.2x | 710.6x | 1.7x |
| Sat, 30 Mar 2024 | NOK 28.6b | NOK 16.9b | -NOK 39,482,841.39 | 23.5x | -724.3x | 1.7x |
| Mon, 26 Feb 2024 | NOK 26.5b | NOK 16.9b | -NOK 38,567,058.74 | 22.6x | -688.1x | 1.6x |
| Wed, 24 Jan 2024 | NOK 37.2b | NOK 18.5b | -NOK 736,323,549.00 | 18.1x | -50.5x | 2x |
| Fri, 22 Dec 2023 | NOK 34.9b | NOK 18.5b | -NOK 733,709,913.00 | 15.7x | -47.5x | 1.9x |
| Sun, 19 Nov 2023 | NOK 33.3b | NOK 18.2b | -NOK 654,397,449.00 | 14.7x | -50.9x | 1.8x |
| Tue, 17 Oct 2023 | NOK 31.6b | NOK 17.9b | -NOK 754,526,471.00 | 15.1x | -41.9x | 1.8x |
| Thu, 14 Sep 2023 | NOK 32.4b | NOK 17.9b | -NOK 748,252,864.00 | 13x | -43.3x | 1.8x |
| Sat, 12 Aug 2023 | NOK 35.8b | NOK 16.9b | -NOK 919,260,647.00 | 11x | -39x | 2.1x |
| Mon, 10 Jul 2023 | NOK 34.0b | NOK 16.9b | -NOK 996,801,868.00 | 9.2x | -34.1x | 2x |
| Wed, 07 Jun 2023 | NOK 35.5b | NOK 16.9b | -NOK 1,068,983,011.00 | 9.7x | -33.2x | 2.1x |
| Fri, 05 May 2023 | NOK 31.0b | NOK 16.1b | -NOK 897,173,511.00 | 31.3x | -34.6x | 1.9x |
| Sun, 02 Apr 2023 | NOK 31.5b | NOK 16.1b | -NOK 1,429,425,185.00 | 50.7x | -22x | 2x |
| Tue, 28 Feb 2023 | NOK 33.3b | NOK 16.1b | -NOK 1,389,281,811.00 | 47.9x | -24x | 2.1x |
| Thu, 26 Jan 2023 | NOK 34.5b | NOK 38.1b | -NOK 713,955,847.00 | 34.4x | -48.3x | 0.9x |
| Sat, 24 Dec 2022 | NOK 33.5b | NOK 38.1b | -NOK 713,550,980.00 | 31.3x | -47x | 0.9x |
| Mon, 21 Nov 2022 | NOK 34.4b | NOK 38.1b | -NOK 659,243,615.00 | 31.5x | -52.2x | 0.9x |
| Wed, 19 Oct 2022 | NOK 32.7b | NOK 37.3b | -NOK 961,755,473.00 | 38.3x | -34x | 0.9x |
| Fri, 16 Sep 2022 | NOK 32.9b | NOK 37.0b | -NOK 924,646,515.00 | 38.7x | -35.6x | 0.9x |
| Sun, 14 Aug 2022 | NOK 39.1b | NOK 36.3b | -NOK 1,041,997,636.00 | 63.5x | -37.5x | 1.1x |
| Tue, 12 Jul 2022 | NOK 38.6b | NOK 36.3b | -NOK 1,031,520,578.00 | 56.2x | -37.4x | 1.1x |
| Thu, 09 Jun 2022 | NOK 38.6b | NOK 36.2b | -NOK 445,454,931.00 | 59.9x | -86.6x | 1.1x |
| Sat, 07 May 2022 | NOK 30.8b | NOK 31.0b | -NOK 511,465,998.00 | 89.8x | -60.2x | 1x |
| Mon, 04 Apr 2022 | NOK 42.6b | NOK 35.6b | -NOK 355,323,006.00 | 63x | -119.9x | 1.2x |
| Wed, 02 Mar 2022 | NOK 46.1b | NOK 35.6b | -NOK 318,389,214.00 | 77.1x | -144.7x | 1.3x |
| Fri, 28 Jan 2022 | NOK 44.6b | NOK 32.9b | -NOK 607,713,537.00 | 108.1x | -73.3x | 1.4x |
Price to Earnings Ratio
-73.3x
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 64.0x which is higher than its 3-year average PE of -41.4x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.7x.
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 20% 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 | 0.11% | |
| Tech | 2.70% | |
| Software | 1.67% | |
| Systems Software | 1.77% | |
| Application Software | 1.61% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 61.4% and investors are willing to pay a premium for that growth.
- 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 20.9x.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 61% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 32% 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 | |
|---|---|---|---|---|---|
| SMCRT SmartCraft | NOK 28.50 | 5.6% +NOK 250.5m | 11.8% | PE46.9x | |
| CRAYN Crayon Group Holding | NOK 121.00 | 1.8% +NOK 185.4m | 36.0% | PE77.4x | |
| PEXIP Pexip Holding | NOK 42.60 | 2.2% +NOK 91.4m | 64.9% | PS4x | |
| ELABS Elliptic Laboratories | NOK 10.90 | 5.8% +NOK 63.2m | -34.4% | PS12.3x | |
| RIVER River Tech | NOK 18.60 | 4.5% +NOK 16.4m | -38.0% | PE4.2x |