Volue's (OB:VOLUE) Returns On Capital Are Heading Higher
May 03
Norwegian (OSEAX) Software Industry Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies13
- 7D5.8%
- 3M7.2%
- 1Y29.8%
- YTD12.0%
The Software industry is up 5.8% in the last week, with Volue up 16%. This takes the industry's 12 month performance to a gain of 30%. Looking forward, earnings are forecast to grow by 53% 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 |
|---|---|---|---|---|---|---|
| Sun, 05 May 2024 | kr29.2b | kr17.0b | kr38.8m | 43.6x | 753.3x | 1.7x |
| Tue, 02 Apr 2024 | kr28.6b | kr16.9b | -kr39,583,611.07 | 23.5x | -722.4x | 1.7x |
| Thu, 29 Feb 2024 | kr26.2b | kr16.9b | -kr37,959,582.88 | 22.7x | -690.3x | 1.5x |
| Sat, 27 Jan 2024 | kr36.9b | kr18.5b | -kr735,653,897.00 | 17.6x | -50.1x | 2x |
| Mon, 25 Dec 2023 | kr35.2b | kr18.5b | -kr733,037,411.00 | 15.7x | -48x | 1.9x |
| Wed, 22 Nov 2023 | kr33.3b | kr18.2b | -kr653,809,351.00 | 15.2x | -50.9x | 1.8x |
| Fri, 20 Oct 2023 | kr31.9b | kr17.9b | -kr754,918,897.00 | 14.8x | -42.2x | 1.8x |
| Sun, 17 Sep 2023 | kr32.7b | kr17.9b | -kr748,856,555.00 | 13x | -43.6x | 1.8x |
| Tue, 15 Aug 2023 | kr35.5b | kr16.9b | -kr919,912,251.00 | 11x | -38.6x | 2.1x |
| Thu, 13 Jul 2023 | kr33.6b | kr16.9b | -kr989,410,372.00 | 9.3x | -34x | 2x |
| Sat, 10 Jun 2023 | kr35.1b | kr16.9b | -kr1,064,706,634.00 | 10x | -32.9x | 2.1x |
| Mon, 08 May 2023 | kr31.6b | kr16.2b | -kr803,878,518.00 | 31.7x | -39.3x | 2x |
| Wed, 05 Apr 2023 | kr31.5b | kr16.1b | -kr1,420,947,189.00 | 50x | -22.1x | 2x |
| Fri, 03 Mar 2023 | kr34.0b | kr16.1b | -kr1,394,465,397.00 | 45.7x | -24.4x | 2.1x |
| Sun, 29 Jan 2023 | kr35.4b | kr38.1b | -kr712,429,641.00 | 35x | -49.7x | 0.9x |
| Tue, 27 Dec 2022 | kr33.5b | kr38.1b | -kr713,757,005.00 | 31.3x | -47x | 0.9x |
| Thu, 24 Nov 2022 | kr34.3b | kr38.0b | -kr705,903,184.00 | 31.3x | -48.6x | 0.9x |
| Sat, 22 Oct 2022 | kr33.3b | kr37.3b | -kr960,713,841.00 | 41.4x | -34.6x | 0.9x |
| Mon, 19 Sep 2022 | kr32.4b | kr37.0b | -kr930,143,750.00 | 38.5x | -34.8x | 0.9x |
| Wed, 17 Aug 2022 | kr37.2b | kr36.3b | -kr1,047,379,275.00 | 63.5x | -35.5x | 1x |
| Fri, 15 Jul 2022 | kr37.2b | kr36.3b | -kr1,037,438,634.00 | 55.9x | -35.8x | 1x |
| Sun, 12 Jun 2022 | kr37.8b | kr36.2b | -kr446,781,631.00 | 58.8x | -84.6x | 1x |
| Tue, 10 May 2022 | kr28.8b | kr31.0b | -kr520,430,428.00 | 87x | -55.4x | 0.9x |
| Thu, 07 Apr 2022 | kr38.8b | kr35.5b | -kr342,357,825.00 | 68.8x | -113.5x | 1.1x |
| Sat, 05 Mar 2022 | kr41.7b | kr35.6b | -kr318,363,037.00 | 65.9x | -130.9x | 1.2x |
| Mon, 31 Jan 2022 | kr44.9b | kr32.9b | -kr607,713,537.00 | 108.7x | -73.8x | 1.4x |
| Wed, 29 Dec 2021 | kr53.3b | kr32.8b | -kr614,249,985.00 | 126.9x | -86.8x | 1.6x |
| Fri, 26 Nov 2021 | kr51.0b | kr32.6b | -kr568,091,985.00 | 121.6x | -89.8x | 1.6x |
| Sun, 24 Oct 2021 | kr56.4b | kr30.5b | -kr377,831,985.00 | 113.1x | -149.1x | 1.8x |
| Tue, 21 Sep 2021 | kr58.9b | kr30.4b | -kr619,787,795.00 | 177.1x | -95x | 1.9x |
| Thu, 19 Aug 2021 | kr58.9b | kr28.5b | -kr417,443,794.00 | 131.2x | -141.1x | 2.1x |
| Thu, 03 Jun 2021 | kr53.1b | kr27.8b | -kr127,028,012.00 | 57.2x | -418.3x | 1.9x |
Price to Earnings Ratio
-418.3x
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 753x which is higher than its 3-year average PE of -100x.
- The 3-year average PS ratio of 1.6x is lower 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 15% 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 | -0.68% | |
| Tech | 4.80% | |
| Software | 5.77% | |
| Application Software | 7.16% | |
| Systems Software | 1.79% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 49.2%, which is higher than its past year's earnings growth of 35.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 49% 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 | |
|---|---|---|---|---|---|
| VOLUE Volue | kr29.90 | 15.7% +kr582.6m | 54.1% | PE119.3x | |
| LINK LINK Mobility Group Holding | kr20.10 | 7.4% +kr397.8m | 121.6% | PE154x | |
| PEXIP Pexip Holding | kr28.80 | 7.1% +kr193.0m | 49.1% | PS2.9x | |
| SMCRT SmartCraft | kr27.90 | 4.1% +kr185.0m | 29.8% | PE43.6x | |
| CRAYN Crayon Group Holding | kr82.45 | 1.8% +kr128.0m | -1.7% | PS1.1x |
