Pexip Holding's (OB:PEXIP) Solid Earnings Are Supported By Other Strong Factors
Feb 21
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Norwegian (OSEAX) Software Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies12
- 7D0.8%
- 3M-1.1%
- 1Y30.5%
- YTD-4.8%
Last week, the Software industry hasn't moved much but Crayon Group Holding is up 4.5% in that time. As for the the longer term, the industry is up 30% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | NOK 29.2b | NOK 17.1b | NOK 493.8m | 39.2x | 59.2x | 1.7x |
| Sun, 19 Jan 2025 | NOK 29.3b | NOK 16.9b | NOK 458.4m | 42x | 64x | 1.7x |
| Tue, 17 Dec 2024 | NOK 31.3b | NOK 16.9b | NOK 464.8m | 44.2x | 67.4x | 1.9x |
| Thu, 14 Nov 2024 | NOK 29.5b | NOK 16.9b | NOK 420.7m | 33.2x | 70x | 1.7x |
| Sat, 12 Oct 2024 | NOK 36.6b | NOK 18.2b | NOK 343.2m | 48.2x | 106.8x | 2x |
| Mon, 09 Sep 2024 | NOK 34.9b | NOK 18.2b | NOK 332.2m | 49.8x | 105.1x | 1.9x |
| Wed, 07 Aug 2024 | NOK 32.9b | NOK 17.7b | NOK 452.1m | 17.5x | 72.7x | 1.9x |
| Fri, 05 Jul 2024 | NOK 32.7b | NOK 17.6b | NOK 447.0m | 18.6x | 73.1x | 1.9x |
| Sun, 02 Jun 2024 | NOK 33.0b | NOK 17.6b | NOK 431.6m | 19.4x | 76.5x | 1.9x |
| Tue, 30 Apr 2024 | NOK 28.2b | NOK 17.0b | -NOK 47,530,036.99 | 25.2x | -592.5x | 1.7x |
| Thu, 28 Mar 2024 | NOK 28.6b | NOK 16.9b | -NOK 40,002,454.70 | 23.5x | -714.9x | 1.7x |
| Sat, 24 Feb 2024 | NOK 26.5b | NOK 16.9b | -NOK 38,567,058.74 | 22.6x | -688.1x | 1.6x |
| Mon, 22 Jan 2024 | NOK 36.1b | NOK 18.5b | -NOK 735,799,626.00 | 15.5x | -49.1x | 2x |
| Wed, 20 Dec 2023 | NOK 35.3b | NOK 18.5b | -NOK 733,691,896.00 | 16.2x | -48.1x | 1.9x |
| Fri, 17 Nov 2023 | NOK 33.5b | NOK 18.2b | -NOK 651,542,127.00 | 15.7x | -51.4x | 1.8x |
| Sun, 15 Oct 2023 | NOK 31.4b | NOK 17.9b | -NOK 754,585,453.00 | 14.5x | -41.7x | 1.8x |
| Tue, 12 Sep 2023 | NOK 32.8b | NOK 17.9b | -NOK 748,162,565.00 | 12.8x | -43.8x | 1.8x |
| Thu, 10 Aug 2023 | NOK 35.5b | NOK 16.9b | -NOK 987,009,151.00 | 11x | -35.9x | 2.1x |
| Sat, 08 Jul 2023 | NOK 34.0b | NOK 16.9b | -NOK 996,703,839.00 | 9.2x | -34.1x | 2x |
| Mon, 05 Jun 2023 | NOK 35.7b | NOK 16.9b | -NOK 1,068,239,095.00 | 9.8x | -33.4x | 2.1x |
| Wed, 03 May 2023 | NOK 31.1b | NOK 16.1b | -NOK 897,209,012.00 | 30.5x | -34.7x | 1.9x |
| Fri, 31 Mar 2023 | NOK 31.5b | NOK 16.1b | -NOK 1,426,278,294.00 | 51.6x | -22.1x | 2x |
| Sun, 26 Feb 2023 | NOK 33.1b | NOK 16.1b | -NOK 1,391,075,516.00 | 48x | -23.8x | 2.1x |
| Tue, 24 Jan 2023 | NOK 35.2b | NOK 38.1b | -NOK 709,362,069.00 | 35.7x | -49.6x | 0.9x |
| Thu, 22 Dec 2022 | NOK 33.8b | NOK 38.0b | -NOK 713,209,313.00 | 30.6x | -47.5x | 0.9x |
| Sat, 19 Nov 2022 | NOK 34.4b | NOK 38.1b | -NOK 659,515,540.00 | 31.5x | -52.2x | 0.9x |
| Mon, 17 Oct 2022 | NOK 31.8b | NOK 37.3b | -NOK 964,686,444.00 | 36.9x | -32.9x | 0.9x |
| Wed, 14 Sep 2022 | NOK 33.5b | NOK 37.0b | -NOK 911,053,141.00 | 40.3x | -36.7x | 0.9x |
| Fri, 12 Aug 2022 | NOK 39.1b | NOK 36.3b | -NOK 995,519,068.00 | 63.3x | -39.3x | 1.1x |
| Sun, 10 Jul 2022 | NOK 38.1b | NOK 36.3b | -NOK 1,025,748,495.00 | 54.6x | -37.1x | 1.1x |
| Tue, 07 Jun 2022 | NOK 38.6b | NOK 36.2b | -NOK 445,152,719.00 | 58.6x | -86.6x | 1.1x |
| Thu, 05 May 2022 | NOK 31.1b | NOK 31.0b | -NOK 512,635,125.00 | 87.5x | -60.7x | 1x |
| Sat, 02 Apr 2022 | NOK 42.6b | NOK 35.6b | -NOK 355,323,006.00 | 63x | -119.8x | 1.2x |
| Mon, 28 Feb 2022 | NOK 44.6b | NOK 35.6b | -NOK 316,437,275.00 | 51.4x | -140.9x | 1.3x |
Price to Earnings Ratio
-140.9x
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 59.2x which is higher than its 3-year average PE of -37.3x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
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 | 0.52% | |
| Tech | 3.12% | |
| Software | 0.80% | |
| Systems Software | 4.47% | |
| Application Software | -1.10% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 23.9x.
- Analysts are expecting annual earnings growth of 34.5%, which is higher than its past year's earnings decline of 1.0% 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 37% 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 | |
|---|---|---|---|---|---|
| CRAYN Crayon Group Holding | NOK 117.50 | 6.2% +NOK 609.2m | 45.7% | PE40.2x | |
| SPIR Spir Group | NOK 10.75 | 17.9% +NOK 216.2m | 82.8% | PE42.4x | |
| ELABS Elliptic Laboratories | NOK 10.30 | 5.5% +NOK 56.8m | -23.8% | PS11.6x | |
| SPOT Spotlio | NOK 0.38 | 18.1% +NOK 11.3m | 39.0% | PS0.9x | |
| INDCT Induct | NOK 4.50 | 4.7% +NOK 4.7m | -10.0% | PS6.1x |