Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Software Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies11
  • 7D-2.8%
  • 3M8.4%
  • 1Y27.8%
  • YTD22.7%

Over the last 7 days, the Software industry has dropped 2.8%, driven by LINK Mobility Group Holding declining 6.2%. On the other hand SmartCraft is actually up 12%. In the past year, the industry has gained 28%. Looking forward, earnings are forecast to grow by 42% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025NOK 24.1bNOK 10.2bNOK 803.0m36.1x30.1x2.4x
Sat, 16 Aug 2025NOK 25.2bNOK 10.3bNOK 324.2m37.3x77.6x2.4x
Mon, 14 Jul 2025NOK 23.2bNOK 10.3bNOK 300.7m43.5x77.2x2.3x
Wed, 11 Jun 2025NOK 34.6bNOK 17.4bNOK 589.9m43.3x58.6x2x
Fri, 09 May 2025NOK 31.2bNOK 17.2bNOK 596.7m38.1x52.3x1.8x
Sun, 06 Apr 2025NOK 27.0bNOK 17.2bNOK 586.5m35.5x46.1x1.6x
Tue, 04 Mar 2025NOK 29.4bNOK 17.2bNOK 573.0m38.7x51.2x1.7x
Thu, 30 Jan 2025NOK 30.0bNOK 16.9bNOK 461.9m41.4x65x1.8x
Sat, 28 Dec 2024NOK 30.7bNOK 16.9bNOK 461.1m41.7x66.5x1.8x
Mon, 25 Nov 2024NOK 29.6bNOK 16.9bNOK 451.4m40.9x65.6x1.7x
Wed, 23 Oct 2024NOK 36.3bNOK 18.2bNOK 338.6m47.3x107.3x2x
Fri, 20 Sep 2024NOK 36.1bNOK 18.2bNOK 336.5m45.7x107.4x2x
Sun, 18 Aug 2024NOK 35.0bNOK 18.0bNOK 544.3m16.2x64.3x2x
Tue, 16 Jul 2024NOK 35.0bNOK 17.7bNOK 450.8m18.6x77.6x2x
Thu, 13 Jun 2024NOK 32.0bNOK 17.6bNOK 448.3m19.4x71.3x1.8x
Sat, 11 May 2024NOK 31.6bNOK 17.2bNOK 166.5m43.4x189.7x1.8x
Mon, 08 Apr 2024NOK 27.7bNOK 17.0b-NOK 49,268,355.8323.8x-563x1.6x
Wed, 06 Mar 2024NOK 26.2bNOK 16.9b-NOK 37,938,168.8923.3x-690.1x1.5x
Fri, 02 Feb 2024NOK 36.0bNOK 18.5b-NOK 737,843,145.0017.6x-48.8x1.9x
Sun, 31 Dec 2023NOK 35.7bNOK 18.5b-NOK 732,470,215.0015.7x-48.8x1.9x
Tue, 28 Nov 2023NOK 33.6bNOK 18.2b-NOK 666,311,497.0015.2x-50.4x1.8x
Thu, 26 Oct 2023NOK 30.5bNOK 17.9b-NOK 755,873,663.0014.8x-40.4x1.7x
Sat, 23 Sep 2023NOK 32.1bNOK 17.9b-NOK 751,797,733.0013.5x-42.7x1.8x
Mon, 21 Aug 2023NOK 34.7bNOK 17.5b-NOK 838,590,521.0011x-41.4x2x
Wed, 19 Jul 2023NOK 34.3bNOK 16.9b-NOK 977,783,971.008.9x-35.1x2x
Fri, 16 Jun 2023NOK 35.5bNOK 16.9b-NOK 1,060,243,501.0010.3x-33.5x2.1x
Sun, 14 May 2023NOK 32.3bNOK 16.5b-NOK 804,168,278.0030.6x-40.1x2x
Tue, 11 Apr 2023NOK 31.5bNOK 16.1b-NOK 1,438,301,803.0050x-21.9x2x
Thu, 09 Mar 2023NOK 32.9bNOK 16.1b-NOK 1,446,428,806.0044.1x-22.7x2x
Sat, 04 Feb 2023NOK 35.9bNOK 38.1b-NOK 728,397,436.0034.3x-49.3x0.9x
Mon, 02 Jan 2023NOK 34.3bNOK 38.1b-NOK 709,458,056.0033.8x-48.3x0.9x
Wed, 30 Nov 2022NOK 34.2bNOK 38.0b-NOK 708,170,114.0031.6x-48.3x0.9x
Fri, 28 Oct 2022NOK 31.4bNOK 37.8b-NOK 863,981,236.0035.4x-36.3x0.8x
Sun, 25 Sep 2022NOK 30.9bNOK 37.0b-NOK 948,155,050.0037.5x-32.6x0.8x
Price to Earnings Ratio

-32.6x


Total Market Cap: NOK 30.9bTotal Earnings: -NOK 948,155,050.00Total Revenue: NOK 37.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Software Industry Price to Earnings3Y Average -12.5x202320242025
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 30.1x which is higher than its 3-year average PE of -12.5x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.4x.
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 35% 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 Market0.064%
Tech-0.0078%
Software-2.84%
Systems Software0%0
Application Software-2.84%
Industry PE
  • Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 42.1x.
    • Analysts are expecting annual earnings growth of 41.7%, which is higher than its past year's earnings decline of 22.7% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading below its 3-year average of 42.1x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 42% 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
SMCRT SmartCraftNOK 27.907.7%
+NOK 331.2m		-3.5%PE47.3x
OTEC OtelloNOK 13.503.1%
+NOK 29.5m		63.0%PE2.5x
SPOT SpotlioNOK 0.1721.4%
+NOK 6.0m		-46.9%PS0.5x

Latest News

SPIR
NOK 7.84
Spir Group
7D
-24.6%
1Y
8.3%

We Think Spir Group (OB:SPIR) Can Stay On Top Of Its Debt

Sep 13
We Think Spir Group (OB:SPIR) Can Stay On Top Of Its Debt
LINK
NOK 32.30
LINK Mobility Group Holding
7D
-8.0%
1Y
37.7%
PEXIP
NOK 63.30
Pexip Holding
7D
-3.1%
1Y
70.4%
SPOT
NOK 0.17
Spotlio
7D
21.4%
1Y
-46.9%
RIVER
NOK 5.05
River Tech
7D
-64.9%
1Y
-79.0%
ELABS
NOK 9.50
Elliptic Laboratories
7D
-7.4%
1Y
-28.5%
SMCRT
NOK 27.90
SmartCraft
7D
7.7%
1Y
-3.5%

Earnings Miss: SmartCraft ASA Missed EPS By 6.4% And Analysts Are Revising Their Forecasts

Aug 29
Earnings Miss: SmartCraft ASA Missed EPS By 6.4% And Analysts Are Revising Their Forecasts
INDCT
NOK 3.36
Induct
7D
-3.4%
1Y
68.0%
AIX
NOK 5.00
Ayfie International
7D
-9.7%
1Y
18.2%
OTEC
NOK 13.50
Otello
7D
3.1%
1Y
63.0%