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Norwegian (OSEAX) Software Industry Analysis
UpdatedJun 07, 2025
DataAggregated Company Financials
Companies12
- 7D2.5%
- 3M21.1%
- 1Y24.3%
- YTD11.4%
In the last week, the Software industry is up 2.5%, with SmartCraft up 13%. In the last 12 months, the industry was up 24%. Looking forward, earnings are forecast to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Sat, 07 Jun 2025 | NOK 34.3b | NOK 17.4b | NOK 589.7m | 42.4x | 58.1x | 2x |
| Mon, 05 May 2025 | NOK 30.6b | NOK 17.2b | NOK 578.3m | 39.8x | 52.9x | 1.8x |
| Wed, 02 Apr 2025 | NOK 27.9b | NOK 17.2b | NOK 587.8m | 36.2x | 47.5x | 1.6x |
| Fri, 28 Feb 2025 | NOK 28.9b | NOK 17.1b | NOK 540.3m | 38x | 53.5x | 1.7x |
| Sun, 26 Jan 2025 | NOK 29.9b | NOK 16.9b | NOK 464.1m | 40.1x | 64.4x | 1.8x |
| Tue, 24 Dec 2024 | NOK 30.6b | NOK 16.9b | NOK 460.9m | 41.8x | 66.3x | 1.8x |
| Thu, 21 Nov 2024 | NOK 28.7b | NOK 16.9b | NOK 452.5m | 40.2x | 63.5x | 1.7x |
| Sat, 19 Oct 2024 | NOK 36.2b | NOK 18.2b | NOK 339.1m | 47.6x | 106.7x | 2x |
| Mon, 16 Sep 2024 | NOK 34.8b | NOK 18.2b | NOK 333.1m | 45.8x | 104.4x | 1.9x |
| Wed, 14 Aug 2024 | NOK 33.9b | NOK 17.7b | NOK 450.9m | 19.1x | 75.1x | 1.9x |
| Fri, 12 Jul 2024 | NOK 34.6b | NOK 17.6b | NOK 448.9m | 18.5x | 77.1x | 2x |
| Sun, 09 Jun 2024 | NOK 32.0b | NOK 17.7b | NOK 449.5m | 18.8x | 71.1x | 1.8x |
| Tue, 07 May 2024 | NOK 29.8b | NOK 17.0b | NOK 38.5m | 44.2x | 774.3x | 1.8x |
| Thu, 04 Apr 2024 | NOK 28.5b | NOK 16.9b | -NOK 40,365,173.14 | 24x | -705.6x | 1.7x |
| Sat, 02 Mar 2024 | NOK 26.5b | NOK 16.9b | -NOK 38,557,559.24 | 23.8x | -688.5x | 1.6x |
| Mon, 29 Jan 2024 | NOK 36.9b | NOK 18.5b | -NOK 735,653,897.00 | 17.6x | -50.1x | 2x |
| Wed, 27 Dec 2023 | NOK 35.2b | NOK 18.5b | -NOK 733,017,262.00 | 15.7x | -48x | 1.9x |
| Fri, 24 Nov 2023 | NOK 33.7b | NOK 18.2b | -NOK 654,081,600.00 | 15.3x | -51.5x | 1.8x |
| Sun, 22 Oct 2023 | NOK 31.4b | NOK 17.9b | -NOK 754,969,436.00 | 14.6x | -41.6x | 1.8x |
| Tue, 19 Sep 2023 | NOK 32.3b | NOK 17.9b | -NOK 748,657,534.00 | 13.3x | -43.1x | 1.8x |
| Thu, 17 Aug 2023 | NOK 35.4b | NOK 17.4b | -NOK 975,576,036.00 | 11x | -36.3x | 2x |
| Sat, 15 Jul 2023 | NOK 33.7b | NOK 16.9b | -NOK 977,181,172.00 | 9.1x | -34.5x | 2x |
| Mon, 12 Jun 2023 | NOK 35.1b | NOK 16.9b | -NOK 1,064,830,486.00 | 10x | -32.9x | 2.1x |
| Wed, 10 May 2023 | NOK 31.6b | NOK 16.2b | -NOK 791,973,806.00 | 27.2x | -39.9x | 2x |
| Fri, 07 Apr 2023 | NOK 31.5b | NOK 16.1b | -NOK 1,427,189,535.00 | 50x | -22.1x | 2x |
| Sun, 05 Mar 2023 | NOK 33.8b | NOK 16.1b | -NOK 1,432,348,459.00 | 45.9x | -23.6x | 2.1x |
| Tue, 31 Jan 2023 | NOK 35.3b | NOK 38.1b | -NOK 715,413,908.00 | 35.1x | -49.4x | 0.9x |
| Thu, 29 Dec 2022 | NOK 33.8b | NOK 38.1b | -NOK 715,003,896.00 | 33.5x | -47.2x | 0.9x |
| Sat, 26 Nov 2022 | NOK 34.7b | NOK 38.0b | -NOK 702,088,071.00 | 32.2x | -49.5x | 0.9x |
| Mon, 24 Oct 2022 | NOK 33.3b | NOK 37.3b | -NOK 960,713,841.00 | 41.4x | -34.6x | 0.9x |
| Wed, 21 Sep 2022 | NOK 31.9b | NOK 37.0b | -NOK 934,964,832.00 | 38.1x | -34.1x | 0.9x |
| Fri, 19 Aug 2022 | NOK 34.7b | NOK 36.4b | -NOK 955,140,726.00 | 39.5x | -36.4x | 1x |
| Sun, 17 Jul 2022 | NOK 37.8b | NOK 36.3b | -NOK 1,031,858,892.00 | 57.8x | -36.6x | 1x |
| Tue, 14 Jun 2022 | NOK 36.3b | NOK 36.2b | -NOK 448,332,625.00 | 58.3x | -80.9x | 1x |
Price to Earnings Ratio
-80.9x
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 58.1x which is higher than its 3-year average PE of -22.6x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
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 22% 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 | 1.63% | |
| Tech | 3.14% | |
| Software | 2.48% | |
| Application Software | 5.17% | |
| Systems Software | -1.97% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 33.7x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings decline of 12.0% per year.
- Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 36% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 34% 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 | |
|---|---|---|---|---|---|
| SMCRT SmartCraft | NOK 26.00 | 13.0% +NOK 498.1m | -6.5% | PE44.9x | |
| ELABS Elliptic Laboratories | NOK 13.68 | 22.8% +NOK 267.4m | 9.4% | PS10.6x | |
| PEXIP Pexip Holding | NOK 61.20 | 2.9% +NOK 173.1m | 107.1% | PE44.9x | |
| OTEC Otello | NOK 11.50 | 8.0% +NOK 67.0m | 50.9% | PB1.1x | |
| SPIR Spir Group | NOK 9.58 | 5.3% +NOK 63.8m | 18.9% | PE33.7x |