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Norwegian (OSEAX) Software Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies10
  • 7D-14.3%
  • 3M-1.3%
  • 1Y14.1%
  • YTD-11.7%

Over the last 7 days, the Software industry has dropped 3.3%, driven by a pullback from SmartCraft of 15%. In the past year, the industry has gained 28%. Looking forward, earnings are forecast to grow by 39% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026NOK 22.0bNOK 10.3bNOK 836.7m36.5x26.2x2.1x
Fri, 02 Jan 2026NOK 25.4bNOK 10.3bNOK 857.1m41.2x29.6x2.5x
Sun, 30 Nov 2025NOK 22.2bNOK 10.3bNOK 858.0m35.4x25.8x2.2x
Tue, 28 Oct 2025NOK 22.8bNOK 10.2bNOK 851.0m33.5x26.8x2.2x
Thu, 25 Sep 2025NOK 23.2bNOK 10.2bNOK 849.9m36.3x27.3x2.3x
Sat, 23 Aug 2025NOK 24.3bNOK 10.2bNOK 836.5m36.6x29.1x2.4x
Mon, 21 Jul 2025NOK 23.5bNOK 10.3bNOK 299.7m45.5x78.6x2.3x
Wed, 18 Jun 2025NOK 35.0bNOK 17.4bNOK 592.6m43.7x59.1x2x
Fri, 16 May 2025NOK 32.5bNOK 17.3bNOK 557.5m41x58.3x1.9x
Sun, 13 Apr 2025NOK 27.4bNOK 17.2bNOK 592.7m34.5x46.2x1.6x
Tue, 11 Mar 2025NOK 27.6bNOK 17.2bNOK 585.1m37.7x47.1x1.6x
Thu, 06 Feb 2025NOK 28.6bNOK 16.9bNOK 463.2m41x61.8x1.7x
Sat, 04 Jan 2025NOK 31.0bNOK 16.9bNOK 459.5m40.8x67.5x1.8x
Mon, 02 Dec 2024NOK 30.6bNOK 16.9bNOK 456.3m41.7x67.1x1.8x
Wed, 30 Oct 2024NOK 36.2bNOK 18.2bNOK 338.0m45.2x107.1x2x
Fri, 27 Sep 2024NOK 36.3bNOK 18.2bNOK 347.6m49x104.3x2x
Sun, 25 Aug 2024NOK 35.3bNOK 18.0bNOK 283.8m30.7x124.3x2x
Tue, 23 Jul 2024NOK 34.8bNOK 17.7bNOK 452.2m18.4x77x2x
Thu, 20 Jun 2024NOK 32.4bNOK 17.6bNOK 447.6m18.8x72.4x1.8x
Sat, 18 May 2024NOK 32.0bNOK 17.6bNOK 434.2m19.6x73.8x1.8x
Mon, 15 Apr 2024NOK 27.2bNOK 17.0b-NOK 56,445,587.2123.7x-482x1.6x
Wed, 13 Mar 2024NOK 27.0bNOK 16.9b-NOK 37,888,496.6623.4x-711.3x1.6x
Fri, 09 Feb 2024NOK 27.0bNOK 16.5bNOK 29.4m25.6x919.4x1.6x
Sun, 07 Jan 2024NOK 34.9bNOK 18.5b-NOK 734,209,121.0015.5x-47.5x1.9x
Tue, 05 Dec 2023NOK 33.9bNOK 18.5b-NOK 753,446,331.0015.5x-45x1.8x
Thu, 02 Nov 2023NOK 30.4bNOK 17.9b-NOK 756,677,567.0014.9x-40.1x1.7x
Sat, 30 Sep 2023NOK 31.5bNOK 17.9b-NOK 751,946,202.0014.9x-41.9x1.8x
Mon, 28 Aug 2023NOK 32.4bNOK 17.9b-NOK 753,239,036.0013x-43x1.8x
Wed, 26 Jul 2023NOK 35.8bNOK 16.9b-NOK 979,241,251.009.1x-36.6x2.1x
Fri, 23 Jun 2023NOK 34.7bNOK 16.9b-NOK 996,685,864.0010x-34.8x2.1x
Sun, 21 May 2023NOK 33.0bNOK 16.5b-NOK 933,768,540.0026.8x-35.3x2x
Tue, 18 Apr 2023NOK 31.3bNOK 16.1b-NOK 1,437,772,416.0047.6x-21.7x1.9x
Thu, 16 Mar 2023NOK 30.5bNOK 16.1b-NOK 1,451,620,520.0042.6x-21x1.9x
Sat, 11 Feb 2023NOK 35.0bNOK 38.1b-NOK 726,015,315.0033.5x-48.2x0.9x
Price to Earnings Ratio

-48.2x


Total Market Cap: NOK 35.0bTotal Earnings: -NOK 726,015,315.00Total Revenue: NOK 38.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Software Industry Price to Earnings3Y Average -3.5x202420252026
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 29.1x which is higher than its 3-year average PE of -3.6x.
  • The 3-year average PS ratio of 1.9x 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 Market0.70%
Tech-5.42%
Software-14.29%
Systems Software0%0
Application Software-14.29%
Industry PE
  • Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 48.8x.
    • Analysts are expecting annual earnings growth of 39.0%, 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 48.8x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 39% 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 39% 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
AIX Ayfie InternationalNOK 4.5015.4%
+NOK 15.0m		17.8%n/a
INDCT InductNOK 4.544.6%
+NOK 6.3m		-12.7%PS9x
RIVER River TechNOK 4.184.0%
+NOK 3.3m		-80.3%PE1.3x

Latest News

LINK
NOK 26.50
LINK Mobility Group Holding
7D
-24.3%
1Y
16.5%
PEXIP
NOK 74.50
Pexip Holding
7D
-5.5%
1Y
61.6%
ELABS
NOK 4.51
Elliptic Laboratories
7D
-15.1%
1Y
-58.9%

Elliptic Laboratories ASA (OB:ELABS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jan 30
Elliptic Laboratories ASA (OB:ELABS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
SMCRT
NOK 20.50
SmartCraft
7D
-16.7%
1Y
-23.2%
RIVER
NOK 4.18
River Tech
7D
4.0%
1Y
-80.3%
OTEC
NOK 18.35
Otello
7D
-1.6%
1Y
142.7%
AIX
NOK 4.50
Ayfie International
7D
15.4%
1Y
17.8%
INDCT
NOK 4.54
Induct
7D
4.6%
1Y
-12.7%