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Norwegian (OSEAX) Software Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies10
  • 7D-10.0%
  • 3M-11.7%
  • 1Y-0.9%
  • YTD-25.2%

Over the last 7 days, the Software industry has dropped 10.0%, driven by LINK Mobility Group Holding declining 19%. In contrast, Elliptic Laboratories has gained 12%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

Has the Norwegian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026NOK 18.7bNOK 10.4bNOK 861.5m30x21.7x1.8x
Sat, 17 Jan 2026NOK 24.9bNOK 10.3bNOK 856.8m40.6x29.1x2.4x
Mon, 15 Dec 2025NOK 24.7bNOK 10.3bNOK 859.3m40.8x28.8x2.4x
Wed, 12 Nov 2025NOK 21.3bNOK 10.2bNOK 871.7m30.3x24.5x2.1x
Fri, 10 Oct 2025NOK 22.2bNOK 10.2bNOK 854.7m32.7x26x2.2x
Sun, 07 Sep 2025NOK 24.6bNOK 10.2bNOK 820.5m36.9x30x2.4x
Tue, 05 Aug 2025NOK 24.2bNOK 10.3bNOK 298.2m44.2x81.3x2.4x
Thu, 03 Jul 2025NOK 35.2bNOK 17.4bNOK 596.5m43x59.1x2x
Sat, 31 May 2025NOK 33.4bNOK 17.4bNOK 588.1m41.2x56.8x1.9x
Mon, 28 Apr 2025NOK 29.1bNOK 17.2bNOK 578.4m38.3x50.2x1.7x
Wed, 26 Mar 2025NOK 28.3bNOK 17.2bNOK 587.3m36.4x48.1x1.6x
Fri, 21 Feb 2025NOK 29.2bNOK 17.1bNOK 493.8m39.2x59.2x1.7x
Sun, 19 Jan 2025NOK 29.3bNOK 16.9bNOK 458.4m42x64x1.7x
Tue, 17 Dec 2024NOK 31.3bNOK 16.9bNOK 464.8m44.2x67.4x1.9x
Thu, 14 Nov 2024NOK 29.5bNOK 16.9bNOK 420.7m33.2x70x1.7x
Sat, 12 Oct 2024NOK 36.6bNOK 18.2bNOK 343.2m48.2x106.8x2x
Mon, 09 Sep 2024NOK 34.9bNOK 18.2bNOK 332.2m49.8x105.1x1.9x
Wed, 07 Aug 2024NOK 32.9bNOK 17.7bNOK 452.1m17.5x72.7x1.9x
Fri, 05 Jul 2024NOK 32.7bNOK 17.6bNOK 447.0m18.6x73.1x1.9x
Sun, 02 Jun 2024NOK 33.0bNOK 17.6bNOK 431.6m19.4x76.5x1.9x
Tue, 30 Apr 2024NOK 28.2bNOK 17.0b-NOK 47,530,036.9925.2x-592.5x1.7x
Thu, 28 Mar 2024NOK 28.6bNOK 16.9b-NOK 40,002,454.7023.5x-714.9x1.7x
Sat, 24 Feb 2024NOK 26.5bNOK 16.9b-NOK 38,567,058.7422.6x-688.1x1.6x
Mon, 22 Jan 2024NOK 36.1bNOK 18.5b-NOK 735,799,626.0015.5x-49.1x2x
Wed, 20 Dec 2023NOK 35.3bNOK 18.5b-NOK 733,691,896.0016.2x-48.1x1.9x
Fri, 17 Nov 2023NOK 33.5bNOK 18.2b-NOK 651,542,127.0015.7x-51.4x1.8x
Sun, 15 Oct 2023NOK 31.4bNOK 17.9b-NOK 754,585,453.0014.5x-41.7x1.8x
Tue, 12 Sep 2023NOK 32.8bNOK 17.9b-NOK 748,162,565.0012.8x-43.8x1.8x
Thu, 10 Aug 2023NOK 35.5bNOK 16.9b-NOK 987,009,151.0011x-35.9x2.1x
Sat, 08 Jul 2023NOK 34.0bNOK 16.9b-NOK 996,703,839.009.2x-34.1x2x
Mon, 05 Jun 2023NOK 35.7bNOK 16.9b-NOK 1,068,239,095.009.8x-33.4x2.1x
Wed, 03 May 2023NOK 31.1bNOK 16.1b-NOK 897,209,012.0030.5x-34.7x1.9x
Fri, 31 Mar 2023NOK 31.5bNOK 16.1b-NOK 1,426,278,294.0051.6x-22.1x2x
Sun, 26 Feb 2023NOK 33.1bNOK 16.1b-NOK 1,391,075,516.0048x-23.8x2.1x
Price to Earnings Ratio

-23.8x


Total Market Cap: NOK 33.1bTotal Earnings: -NOK 1,391,075,516.00Total Revenue: NOK 16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Software Industry Price to Earnings3Y Average -2.6x202420252026
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 industry is trading at a PE ratio of 21.7x which is higher than its 3-year average PE of -2.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
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 13% 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 Market1.43%
Tech0.96%
Software-9.98%
Systems Software0%0
Application Software-9.98%
Industry PE
  • Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 49.5x.
    • Analysts are expecting annual earnings growth of 31.5%, which is higher than its past year's earnings decline of 21.1% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading below its 3-year average of 49.5x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • 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?

CompanyLast Price7D1YValuation
ELABS Elliptic LaboratoriesNOK 5.1311.9%
+NOK 57.4m		-46.1%PS3.8x
SMCRT SmartCraftNOK 17.351.2%
+NOK 30.8m		-29.8%PE33.5x
AIX Ayfie InternationalNOK 4.6914.4%
+NOK 14.8m		17.0%n/a
RIVER River TechNOK 4.384.8%
+NOK 4.1m		-74.2%PE1.3x
INDCT InductNOK 3.921.6%
+NOK 1.9m		-12.9%PS7.4x

Latest News

ELABS
NOK 5.13
Elliptic Laboratories
7D
11.9%
1Y
-46.1%
INDCT
NOK 3.92
Induct
7D
1.6%
1Y
-12.9%
PEXIP
NOK 63.30
Pexip Holding
7D
-10.7%
1Y
43.5%
LINK
NOK 20.60
LINK Mobility Group Holding
7D
-18.6%
1Y
-12.3%

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Feb 15
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SMCRT
NOK 17.35
SmartCraft
7D
1.2%
1Y
-29.8%

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RIVER
NOK 4.38
River Tech
7D
4.8%
1Y
-74.2%
SPIR
NOK 8.48
Spir Group
7D
-0.5%
1Y
-10.2%
OTEC
NOK 17.80
Otello
7D
-1.9%
1Y
137.3%
AIX
NOK 4.69
Ayfie International
7D
14.4%
1Y
17.0%