The Strong Earnings Posted By Spir Group (OB:SPIR) Are A Good Indication Of The Strength Of The Business
Nov 20
Have your own idea? Try our Stock Screener
Norwegian (OSEAX) Software Industry Analysis
UpdatedDec 02, 2024
DataAggregated Company Financials
Companies12
- 7D3.8%
- 3M5.8%
- 1Y40.7%
- YTD34.8%
The Software industry is up 3.8% in the last week, with Crayon Group Holding up 7.8%. In the same time, Elliptic Laboratories was down 11%. In the last 12 months, the industry was up 41%. Looking forward, earnings are forecast to grow by 41% 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 |
|---|---|---|---|---|---|---|
| Mon, 02 Dec 2024 | NOK 30.6b | NOK 16.9b | NOK 456.3m | 41.7x | 67.1x | 1.8x |
| Wed, 30 Oct 2024 | NOK 36.2b | NOK 18.2b | NOK 338.0m | 45.2x | 107.1x | 2x |
| Fri, 27 Sep 2024 | NOK 36.3b | NOK 18.2b | NOK 347.6m | 49x | 104.3x | 2x |
| Sun, 25 Aug 2024 | NOK 35.3b | NOK 18.0b | NOK 283.8m | 30.7x | 124.3x | 2x |
| Tue, 23 Jul 2024 | NOK 34.8b | NOK 17.7b | NOK 452.2m | 18.4x | 77x | 2x |
| Thu, 20 Jun 2024 | NOK 32.4b | NOK 17.6b | NOK 447.6m | 18.8x | 72.4x | 1.8x |
| Sat, 18 May 2024 | NOK 32.0b | NOK 17.6b | NOK 434.2m | 19.6x | 73.8x | 1.8x |
| Mon, 15 Apr 2024 | NOK 27.2b | NOK 17.0b | -NOK 56,445,587.21 | 23.7x | -482x | 1.6x |
| Wed, 13 Mar 2024 | NOK 27.0b | NOK 16.9b | -NOK 37,888,496.66 | 23.4x | -711.3x | 1.6x |
| Fri, 09 Feb 2024 | NOK 27.0b | NOK 16.5b | NOK 29.4m | 25.6x | 919.4x | 1.6x |
| Sun, 07 Jan 2024 | NOK 34.9b | NOK 18.5b | -NOK 734,209,121.00 | 15.5x | -47.5x | 1.9x |
| Tue, 05 Dec 2023 | NOK 33.9b | NOK 18.5b | -NOK 753,446,331.00 | 15.5x | -45x | 1.8x |
| Thu, 02 Nov 2023 | NOK 30.4b | NOK 17.9b | -NOK 756,677,567.00 | 14.9x | -40.1x | 1.7x |
| Sat, 30 Sep 2023 | NOK 31.5b | NOK 17.9b | -NOK 751,946,202.00 | 14.9x | -41.9x | 1.8x |
| Mon, 28 Aug 2023 | NOK 32.4b | NOK 17.9b | -NOK 753,239,036.00 | 13x | -43x | 1.8x |
| Wed, 26 Jul 2023 | NOK 35.8b | NOK 16.9b | -NOK 979,241,251.00 | 9.1x | -36.6x | 2.1x |
| Fri, 23 Jun 2023 | NOK 34.7b | NOK 16.9b | -NOK 996,685,864.00 | 10x | -34.8x | 2.1x |
| Sun, 21 May 2023 | NOK 33.0b | NOK 16.5b | -NOK 933,768,540.00 | 26.8x | -35.3x | 2x |
| Tue, 18 Apr 2023 | NOK 31.3b | NOK 16.1b | -NOK 1,437,772,416.00 | 47.6x | -21.7x | 1.9x |
| Thu, 16 Mar 2023 | NOK 30.5b | NOK 16.1b | -NOK 1,451,620,520.00 | 42.6x | -21x | 1.9x |
| Sat, 11 Feb 2023 | NOK 35.0b | NOK 38.1b | -NOK 726,015,315.00 | 33.5x | -48.2x | 0.9x |
| Mon, 09 Jan 2023 | NOK 34.3b | NOK 38.1b | -NOK 719,682,664.00 | 34.2x | -47.7x | 0.9x |
| Wed, 07 Dec 2022 | NOK 34.3b | NOK 38.0b | -NOK 705,580,276.00 | 30.5x | -48.6x | 0.9x |
| Fri, 04 Nov 2022 | NOK 32.1b | NOK 37.8b | -NOK 861,914,187.00 | 37.3x | -37.3x | 0.9x |
| Sun, 02 Oct 2022 | NOK 31.3b | NOK 37.0b | -NOK 959,839,225.00 | 36.9x | -32.6x | 0.8x |
| Tue, 30 Aug 2022 | NOK 33.5b | NOK 36.9b | -NOK 905,665,279.00 | 50.6x | -37x | 0.9x |
| Thu, 28 Jul 2022 | NOK 39.7b | NOK 36.3b | -NOK 1,014,653,524.00 | 59x | -39.1x | 1.1x |
| Sat, 25 Jun 2022 | NOK 35.8b | NOK 36.3b | -NOK 508,542,548.00 | 57.9x | -70.5x | 1x |
| Mon, 23 May 2022 | NOK 34.0b | NOK 36.1b | -NOK 524,880,089.00 | 66.6x | -64.9x | 0.9x |
| Wed, 20 Apr 2022 | NOK 38.3b | NOK 35.5b | -NOK 342,345,986.00 | 69.8x | -111.9x | 1.1x |
| Fri, 18 Mar 2022 | NOK 45.3b | NOK 35.6b | -NOK 355,311,474.00 | 73.1x | -127.4x | 1.3x |
| Sun, 13 Feb 2022 | NOK 46.6b | NOK 33.3b | -NOK 478,264,537.00 | 101.9x | -97.4x | 1.4x |
| Tue, 11 Jan 2022 | NOK 48.4b | NOK 32.8b | -NOK 614,249,985.00 | 117.5x | -78.8x | 1.5x |
| Thu, 09 Dec 2021 | NOK 52.2b | NOK 32.6b | -NOK 568,091,985.00 | 124.8x | -91.9x | 1.6x |
Price to Earnings Ratio
-91.9x
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 67.1x which is higher than its 3-year average PE of -48.3x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
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 | -0.78% | |
| Tech | 2.73% | |
| Software | 3.80% | |
| Systems Software | 8.49% | |
| Application Software | 1.29% | |
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 59.7% 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 15.9x.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 60% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| CRAYN Crayon Group Holding | NOK 126.50 | 8.5% +NOK 874.1m | 61.9% | PE80.9x | |
| LINK LINK Mobility Group Holding | NOK 24.15 | 3.2% +NOK 211.6m | 49.4% | PE17.5x | |
| PEXIP Pexip Holding | NOK 45.15 | 1.9% +NOK 86.3m | 74.3% | PS4.3x | |
| RIVER River Tech | NOK 19.20 | 12.9% +NOK 45.2m | -40.0% | PE4.4x | |
| SPIR Spir Group | NOK 8.48 | 1.4% +NOK 15.8m | 46.2% | PE41.7x |