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Norwegian (OSEAX) Software Industry Analysis

UpdatedAug 31, 2025
DataAggregated Company Financials
Companies11
  • 7D0.6%
  • 3M14.6%
  • 1Y27.4%
  • YTD24.6%

Over the last 7 days, the Software industry has remained flat, although notably Pexip Holding gained 4.5%. The past year has been better, since the industry has gained 27% in that time. Looking forward, earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 Aug 2025NOK 24.5bNOK 10.2bNOK 820.6m36.5x29.9x2.4x
Tue, 29 Jul 2025NOK 23.8bNOK 10.3bNOK 299.4m44.3x79.6x2.3x
Thu, 26 Jun 2025NOK 35.4bNOK 17.4bNOK 594.6m43.4x59.6x2x
Sat, 24 May 2025NOK 32.4bNOK 17.4bNOK 589.7m40.1x55x1.9x
Mon, 21 Apr 2025NOK 28.5bNOK 17.2bNOK 594.7m36.2x47.9x1.7x
Wed, 19 Mar 2025NOK 28.2bNOK 17.2bNOK 588.3m38.7x47.9x1.6x
Fri, 14 Feb 2025NOK 29.0bNOK 17.0bNOK 582.1m38.3x49.8x1.7x
Sun, 12 Jan 2025NOK 29.5bNOK 16.9bNOK 457.8m42.5x64.5x1.7x
Tue, 10 Dec 2024NOK 31.4bNOK 16.9bNOK 466.1m40.4x67.3x1.9x
Thu, 07 Nov 2024NOK 35.2bNOK 18.2bNOK 331.5m47.6x106.1x1.9x
Sat, 05 Oct 2024NOK 36.2bNOK 18.2bNOK 344.2m50x105.3x2x
Mon, 02 Sep 2024NOK 36.5bNOK 18.2bNOK 333.8m49x109.5x2x
Wed, 31 Jul 2024NOK 35.2bNOK 17.7bNOK 451.5m19x78x2x
Fri, 28 Jun 2024NOK 32.9bNOK 17.6bNOK 448.2m19x73.4x1.9x
Sun, 26 May 2024NOK 32.1bNOK 17.6bNOK 432.5m19.6x74.3x1.8x
Tue, 23 Apr 2024NOK 26.2bNOK 17.0b-NOK 54,633,409.5223.8x-479.9x1.5x
Thu, 21 Mar 2024NOK 27.2bNOK 16.9b-NOK 37,408,411.5123.3x-727.1x1.6x
Sat, 17 Feb 2024NOK 27.5bNOK 16.9bNOK 167.8m22x163.7x1.6x
Mon, 15 Jan 2024NOK 35.9bNOK 18.5b-NOK 734,020,027.0015.7x-48.9x1.9x
Wed, 13 Dec 2023NOK 34.9bNOK 18.5b-NOK 741,671,617.0015.7x-47x1.9x
Fri, 10 Nov 2023NOK 32.1bNOK 18.2b-NOK 698,686,210.0014.2x-46x1.8x
Sun, 08 Oct 2023NOK 30.6bNOK 17.9b-NOK 753,797,153.0015.5x-40.6x1.7x
Tue, 05 Sep 2023NOK 33.7bNOK 17.9b-NOK 747,736,163.0013.2x-45.1x1.9x
Thu, 03 Aug 2023NOK 35.8bNOK 16.9b-NOK 982,636,095.009.5x-36.4x2.1x
Sat, 01 Jul 2023NOK 34.5bNOK 16.9b-NOK 998,527,694.0010.1x-34.5x2x
Mon, 29 May 2023NOK 34.7bNOK 16.9b-NOK 1,083,799,676.009.6x-32x2.1x
Wed, 26 Apr 2023NOK 29.5bNOK 16.1b-NOK 919,262,362.0030.9x-32.1x1.8x
Fri, 24 Mar 2023NOK 30.8bNOK 16.1b-NOK 1,427,459,738.0046.2x-21.6x1.9x
Sun, 19 Feb 2023NOK 35.2bNOK 16.1b-NOK 1,362,161,280.0048.3x-25.9x2.2x
Tue, 17 Jan 2023NOK 34.5bNOK 38.1b-NOK 713,524,803.0034.9x-48.3x0.9x
Thu, 15 Dec 2022NOK 34.9bNOK 38.1b-NOK 707,742,942.0029x-49.4x0.9x
Sat, 12 Nov 2022NOK 34.6bNOK 38.0b-NOK 670,176,369.0032x-51.6x0.9x
Mon, 10 Oct 2022NOK 31.4bNOK 37.0b-NOK 950,530,341.0038.8x-33.1x0.8x
Wed, 07 Sep 2022NOK 32.9bNOK 37.0b-NOK 919,940,014.0041.5x-35.7x0.9x
Price to Earnings Ratio

-35.7x


Total Market Cap: NOK 32.9bTotal Earnings: -NOK 919,940,014.00Total Revenue: NOK 37.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Software Industry Price to Earnings3Y Average -13.6x202320242025
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 29.9x which is higher than its 3-year average PE of -13.6x.
  • The 3-year average PS ratio of 1.7x 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 Market-0.74%
Tech0.31%
Software0.62%
Application Software0.62%
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 41.2x.
    • Analysts are expecting annual earnings growth of 40.7%, 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 41.2x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 41% 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 41% 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
PEXIP Pexip HoldingNOK 65.704.5%
+NOK 286.9m		79.3%PE38.3x
SMCRT SmartCraftNOK 27.403.8%
+NOK 169.7m		-11.6%PE46.5x
OTEC OtelloNOK 13.103.1%
+NOK 29.5m		57.5%PE2.4x
SPOT SpotlioNOK 0.2031.3%
+NOK 9.5m		-32.1%PS0.5x
AIX Ayfie InternationalNOK 6.241.3%
+NOK 2.0m		-17.7%n/a

Latest News

ELABS
NOK 10.26
Elliptic Laboratories
7D
-7.2%
1Y
-20.5%
SMCRT
NOK 27.40
SmartCraft
7D
3.8%
1Y
-11.6%

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Aug 29
Earnings Miss: SmartCraft ASA Missed EPS By 6.4% And Analysts Are Revising Their Forecasts
LINK
NOK 32.50
LINK Mobility Group Holding
7D
-2.0%
1Y
42.9%

LINK Mobility Group Holding's (OB:LINK) Conservative Accounting Might Explain Soft Earnings

Aug 28
LINK Mobility Group Holding's (OB:LINK) Conservative Accounting Might Explain Soft Earnings
PEXIP
NOK 65.70
Pexip Holding
7D
4.5%
1Y
79.3%

We Think Pexip Holding's (OB:PEXIP) Robust Earnings Are Conservative

Aug 23
We Think Pexip Holding's (OB:PEXIP) Robust Earnings Are Conservative
INDCT
NOK 3.48
Induct
7D
-1.7%
1Y
74.0%
SPIR
NOK 9.84
Spir Group
7D
-4.9%
1Y
27.8%
AIX
NOK 6.24
Ayfie International
7D
1.3%
1Y
-17.7%
RIVER
NOK 15.00
River Tech
7D
-1.3%
1Y
-42.3%
SPOT
NOK 0.20
Spotlio
7D
31.3%
1Y
-32.1%

Is Spotlio (OB:SPOT) Weighed On By Its Debt Load?

Jun 22
Is Spotlio (OB:SPOT) Weighed On By Its Debt Load?
OTEC
NOK 13.10
Otello
7D
3.1%
1Y
57.5%