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Norwegian (OSEAX) Software Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies8
  • 7D5.4%
  • 3M-24.7%
  • 1Y23.9%
  • YTD-25.2%

The Software industry is up 5.4% in the last week, with LINK Mobility Group Holding up 8.7%. This means that the industry has gained 24% over the past year. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026NOK 14.8bNOK 8.6bNOK 710.3m16.7x20.9x1.7x
Tue, 03 Mar 2026NOK 18.6bNOK 10.1bNOK 795.4m25.9x23.3x1.8x
Thu, 29 Jan 2026NOK 25.1bNOK 10.3bNOK 836.9m39.9x30x2.4x
Sat, 27 Dec 2025NOK 24.8bNOK 10.3bNOK 853.5m40.4x29.1x2.4x
Mon, 24 Nov 2025NOK 20.7bNOK 10.3bNOK 863.4m33.1x23.9x2x
Wed, 22 Oct 2025NOK 22.2bNOK 10.2bNOK 853.7m32.6x26x2.2x
Fri, 19 Sep 2025NOK 23.7bNOK 10.2bNOK 805.6m35.9x29.4x2.3x
Sun, 17 Aug 2025NOK 25.2bNOK 10.3bNOK 324.2m37.3x77.6x2.4x
Tue, 15 Jul 2025NOK 23.2bNOK 10.3bNOK 300.5m43x77.2x2.3x
Thu, 12 Jun 2025NOK 34.8bNOK 17.4bNOK 590.8m43.1x58.9x2x
Sat, 10 May 2025NOK 31.3bNOK 17.2bNOK 567.3m39.8x55.3x1.8x
Mon, 07 Apr 2025NOK 27.0bNOK 17.2bNOK 586.5m35.5x46.1x1.6x
Wed, 05 Mar 2025NOK 27.8bNOK 17.2bNOK 572.9m36.1x48.6x1.6x
Fri, 31 Jan 2025NOK 30.0bNOK 16.9bNOK 462.1m41.4x65x1.8x
Sun, 29 Dec 2024NOK 30.7bNOK 16.9bNOK 461.1m41.7x66.5x1.8x
Tue, 26 Nov 2024NOK 29.6bNOK 16.9bNOK 451.5m41.1x65.6x1.7x
Thu, 24 Oct 2024NOK 36.2bNOK 18.2bNOK 337.5m47.7x107.3x2x
Sat, 21 Sep 2024NOK 36.5bNOK 18.2bNOK 348.2m46.6x104.8x2x
Mon, 19 Aug 2024NOK 35.0bNOK 18.0bNOK 544.3m16.2x64.3x2x
Wed, 17 Jul 2024NOK 35.1bNOK 17.7bNOK 450.7m18.6x77.8x2x
Fri, 14 Jun 2024NOK 33.0bNOK 17.6bNOK 448.3m19.3x73.7x1.9x
Sun, 12 May 2024NOK 31.6bNOK 17.2bNOK 166.5m43.4x189.7x1.8x
Tue, 09 Apr 2024NOK 27.7bNOK 17.0b-NOK 49,444,364.4724.1x-560x1.6x
Thu, 07 Mar 2024NOK 26.4bNOK 16.9b-NOK 38,332,573.6423.2x-689.4x1.6x
Sat, 03 Feb 2024NOK 36.5bNOK 18.5b-NOK 733,558,082.0017.6x-49.8x2x
Mon, 01 Jan 2024NOK 35.7bNOK 18.5b-NOK 732,470,215.0015.7x-48.8x1.9x
Wed, 29 Nov 2023NOK 33.5bNOK 18.2b-NOK 665,309,058.0015.3x-50.3x1.8x
Fri, 27 Oct 2023NOK 30.4bNOK 17.9b-NOK 756,795,607.0015x-40.2x1.7x
Sun, 24 Sep 2023NOK 32.1bNOK 17.9b-NOK 752,172,205.0013.5x-42.7x1.8x
Tue, 22 Aug 2023NOK 34.7bNOK 17.5b-NOK 838,397,117.0011x-41.4x2x
Thu, 20 Jul 2023NOK 34.5bNOK 16.9b-NOK 977,950,981.009x-35.3x2x
Sat, 17 Jun 2023NOK 35.4bNOK 16.9b-NOK 1,061,049,256.0010.2x-33.3x2.1x
Mon, 15 May 2023NOK 32.3bNOK 16.5b-NOK 804,168,278.0030.6x-40.1x2x
Wed, 12 Apr 2023NOK 31.3bNOK 16.1b-NOK 1,442,365,100.0051x-21.7x2x
Price to Earnings Ratio

-21.7x


Total Market Cap: NOK 31.3bTotal Earnings: -NOK 1,442,365,100.00Total Revenue: NOK 16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Software Industry Price to Earnings3Y Average -0.8x202420252026
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 20.9x which is higher than its 3-year average PE of -0.80x.
  • The 3-year average PS ratio of 1.9x is higher 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 19% 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 Market3.12%
Tech4.38%
Software5.43%
Application Software5.43%
Systems Software0%0
Industry PE
  • Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 51.1x.
    • Analysts are expecting annual earnings growth of 35.6%, 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 51.1x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 36% 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 36% 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
LINK LINK Mobility Group HoldingNOK 22.508.7%
+NOK 500.2m		8.7%PE74.7x
PEXIP Pexip HoldingNOK 61.402.3%
+NOK 146.1m		69.4%PE30.8x
OTEC OtelloNOK 18.707.2%
+NOK 86.7m		122.6%PE2.6x
ELABS Elliptic LaboratoriesNOK 2.954.4%
+NOK 14.5m		-68.3%PS3.4x

Latest News

PEXIP
NOK 61.40
Pexip Holding
7D
2.3%
1Y
69.4%

PEXIP: Future Dividend And Stable Margins Will Support Bullish Case

Analysts have kept their Pexip Holding price target broadly unchanged at around NOK 75. This points to stable fair value assumptions supported by small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs.
ELABS
NOK 2.95
Elliptic Laboratories
7D
4.4%
1Y
-68.3%
LINK
NOK 22.50
LINK Mobility Group Holding
7D
8.7%
1Y
8.7%

LINK: Future Cash Generation And Accretive M&A Will Drive Upside Potential

Analysts have kept their NOK 30.25 price target for LINK Mobility Group Holding unchanged, citing only minor technical adjustments to inputs such as the discount rate, long term revenue growth, profit margin assumptions and future P/E multiple. What's in the News The company is actively looking for M&A opportunities, with management pointing to a strong and actionable deal pipeline and a focus on accretive transactions as a first priority for capital allocation (Key Developments).
AIX
NOK 4.07
Ayfie International
7D
-0.7%
1Y
35.7%
INDCT
NOK 3.22
Induct
7D
-3.6%
1Y
-5.3%
OTEC
NOK 18.70
Otello
7D
7.2%
1Y
122.6%