Norwegian (OSEAX) Software Industry Analysis
UpdatedNov 26, 2023
DataAggregated Company Financials
Companies19
- 7D1.7%
- 3M12.6%
- 1Y-9.7%
- YTD-4.4%
In the last week, the Software industry is up 1.7%, with Crayon Group Holding up 7.3%. However, the industry is down 9.7% over the past year. Looking forward, earnings are forecast to grow by 67% 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, 26 Nov 2023 | kr33.8b | kr18.2b | -kr666,443,877.00 | 15.3x | -50.7x | 1.9x |
| Tue, 24 Oct 2023 | kr30.7b | kr17.9b | -kr754,471,414.00 | 14.7x | -40.7x | 1.7x |
| Thu, 21 Sep 2023 | kr32.4b | kr17.9b | -kr751,199,291.00 | 13.3x | -43.1x | 1.8x |
| Sat, 19 Aug 2023 | kr34.7b | kr17.4b | -kr984,164,862.00 | 11x | -35.3x | 2x |
| Mon, 17 Jul 2023 | kr33.7b | kr16.9b | -kr977,748,441.00 | 9x | -34.5x | 2x |
| Wed, 14 Jun 2023 | kr35.4b | kr16.9b | -kr1,063,055,566.00 | 10.4x | -33.3x | 2.1x |
| Fri, 12 May 2023 | kr32.2b | kr16.2b | -kr792,196,142.00 | 28.1x | -40.6x | 2x |
| Sun, 09 Apr 2023 | kr31.5b | kr16.1b | -kr1,438,301,803.00 | 50x | -21.9x | 2x |
| Tue, 07 Mar 2023 | kr33.4b | kr16.1b | -kr1,433,730,580.00 | 43.3x | -23.3x | 2.1x |
| Thu, 02 Feb 2023 | kr35.2b | kr38.1b | -kr717,182,514.00 | 33.9x | -49x | 0.9x |
| Sat, 31 Dec 2022 | kr34.1b | kr38.1b | -kr709,458,056.00 | 33.8x | -48x | 0.9x |
| Mon, 28 Nov 2022 | kr34.7b | kr38.0b | -kr702,088,071.00 | 32.2x | -49.5x | 0.9x |
| Wed, 26 Oct 2022 | kr31.6b | kr37.3b | -kr950,648,098.00 | 40.3x | -33.2x | 0.8x |
| Fri, 23 Sep 2022 | kr31.7b | kr37.0b | -kr940,464,633.00 | 37.9x | -33.7x | 0.9x |
| Sun, 21 Aug 2022 | kr35.2b | kr36.9b | -kr935,747,545.00 | 81.8x | -37.6x | 1x |
| Tue, 19 Jul 2022 | kr37.8b | kr36.3b | -kr1,031,858,892.00 | 57.8x | -36.6x | 1x |
| Thu, 16 Jun 2022 | kr35.7b | kr36.2b | -kr500,935,039.00 | 56.5x | -71.4x | 1x |
| Sat, 14 May 2022 | kr33.7b | kr35.5b | -kr636,050,031.00 | 69.8x | -53x | 1x |
| Mon, 11 Apr 2022 | kr38.7b | kr35.5b | -kr342,371,190.00 | 68.9x | -112.9x | 1.1x |
| Wed, 09 Mar 2022 | kr40.1b | kr35.6b | -kr335,805,153.00 | 63.5x | -119.3x | 1.1x |
| Fri, 04 Feb 2022 | kr46.7b | kr32.9b | -kr607,713,537.00 | 107.1x | -76.9x | 1.4x |
| Sun, 02 Jan 2022 | kr53.3b | kr32.8b | -kr614,249,985.00 | 126.9x | -86.8x | 1.6x |
| Tue, 30 Nov 2021 | kr51.6b | kr32.6b | -kr568,091,985.00 | 122.6x | -90.9x | 1.6x |
| Thu, 28 Oct 2021 | kr54.7b | kr32.0b | -kr483,000,985.00 | 126x | -113.2x | 1.7x |
| Sat, 25 Sep 2021 | kr59.2b | kr30.4b | -kr619,787,795.00 | 185.5x | -95.5x | 1.9x |
| Mon, 23 Aug 2021 | kr60.4b | kr28.5b | -kr417,443,794.00 | 138.4x | -144.6x | 2.1x |
| Sat, 10 Jul 2021 | kr54.9b | kr28.5b | -kr417,443,794.00 | 136.4x | -131.4x | 1.9x |
| Fri, 02 Apr 2021 | kr56.3b | kr27.8b | -kr110,122,212.00 | 61x | -511.2x | 2x |
| Mon, 04 Jan 2021 | kr47.4b | kr25.7b | -kr204,352,280.00 | 99x | -231.9x | 1.8x |
Price to Earnings Ratio
-80x
Current Industry PE
- Investors are optimistic on the Norwegian Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Software industry have deteriorated over the last three years.
- Revenues have also declined 8.1% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the Norwegian Tech industry?
| NO Market | 1.20% | |
| Tech | -0.73% | |
| Software | 1.66% | |
| Systems Software | 7.31% | |
| Application Software | 0.26% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 68% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 66% 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 | kr81.50 | 7.3% +kr475.1m | -24.6% | PS1.2x | |
| PEXIP Pexip Holding | kr23.96 | 12.0% +kr259.5m | 95.1% | PS2.5x | |
| SMCRT SmartCraft | kr20.70 | 1.0% +kr33.7m | 27.5% | PE37x | |
| RIVER River Tech | kr32.40 | 4.5% +kr28.8m | -31.1% | PE7.2x | |
| MNTR Mintra Holding | kr3.45 | 3.6% +kr26.9m | -31.0% | PE15.3x |