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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.8%
  • 3M10.8%
  • 1Y28.9%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 2.8%, driven by a pullback from LINK Mobility Group Holding of 4.0%. In the past year, the industry has gained 29%. As for the next few years, earnings are expected to grow by 49% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026NOK 24.4bNOK 10.3bNOK 855.5m39.8x28.5x2.4x
Thu, 18 Dec 2025NOK 24.5bNOK 10.3bNOK 863.3m41x28.4x2.4x
Sat, 15 Nov 2025NOK 20.9bNOK 10.2bNOK 837.1m29.9x25x2x
Mon, 13 Oct 2025NOK 22.3bNOK 10.2bNOK 857.7m32.8x26.1x2.2x
Wed, 10 Sep 2025NOK 24.9bNOK 10.2bNOK 817.7m37.1x30.4x2.4x
Fri, 08 Aug 2025NOK 24.3bNOK 10.3bNOK 299.3m43.4x81.3x2.4x
Sun, 06 Jul 2025NOK 23.1bNOK 10.3bNOK 302.1m43.8x76.3x2.2x
Tue, 03 Jun 2025NOK 21.4bNOK 10.3bNOK 296.5m42.7x72.2x2.1x
Thu, 01 May 2025NOK 18.8bNOK 10.2bNOK 320.5m38.9x58.7x1.9x
Sat, 29 Mar 2025NOK 18.2bNOK 10.2bNOK 329.8m36x55.1x1.8x
Mon, 24 Feb 2025NOK 19.0bNOK 10.1bNOK 283.7m38.3x67.1x1.9x
Wed, 22 Jan 2025NOK 18.9bNOK 10.0bNOK 323.8m28.5x58.3x1.9x
Fri, 20 Dec 2024NOK 19.5bNOK 10.0bNOK 321.1m29.4x60.7x2x
Sun, 17 Nov 2024NOK 19.6bNOK 10.0bNOK 313.8m28.4x62.5x2x
Tue, 15 Oct 2024NOK 25.8bNOK 11.4bNOK 291.2m33.1x88.6x2.3x
Thu, 12 Sep 2024NOK 24.9bNOK 11.4bNOK 277.5m31.5x89.6x2.2x
Sat, 10 Aug 2024NOK 23.1bNOK 11.0bNOK 463.7m18.2x49.9x2.1x
Mon, 08 Jul 2024NOK 21.5bNOK 11.0bNOK 459.0m18.6x46.8x1.9x
Wed, 05 Jun 2024NOK 21.9bNOK 11.0bNOK 444.6m18.9x49.2x2x
Fri, 03 May 2024NOK 21.9bNOK 10.6bNOK 154.6m43.9x141.4x2.1x
Sun, 31 Mar 2024NOK 21.5bNOK 10.5bNOK 75.3m23.5x286x2x
Tue, 27 Feb 2024NOK 19.3bNOK 10.5bNOK 76.5m22.7x252.6x1.8x
Thu, 25 Jan 2024NOK 28.9bNOK 12.4b-NOK 731,073,239.0017.6x-39.6x2.3x
Sat, 23 Dec 2023NOK 28.1bNOK 12.4b-NOK 728,369,193.0015.7x-38.5x2.3x
Mon, 20 Nov 2023NOK 26.5bNOK 12.1b-NOK 649,683,449.0014.7x-40.8x2.2x
Wed, 18 Oct 2023NOK 25.3bNOK 12.0b-NOK 687,812,471.0015.1x-36.8x2.1x
Fri, 15 Sep 2023NOK 25.7bNOK 12.0b-NOK 682,156,027.0012.9x-37.7x2.1x
Sun, 13 Aug 2023NOK 26.0bNOK 11.4b-NOK 798,620,915.0011x-32.6x2.3x
Tue, 11 Jul 2023NOK 25.2bNOK 11.3b-NOK 874,550,779.009.1x-28.8x2.2x
Thu, 08 Jun 2023NOK 24.8bNOK 11.3b-NOK 947,665,397.009.7x-26.2x2.2x
Sat, 06 May 2023NOK 24.1bNOK 10.9b-NOK 836,308,874.009.6x-28.8x2.2x
Mon, 03 Apr 2023NOK 23.8bNOK 10.9b-NOK 1,454,711,185.0033.2x-16.4x2.2x
Wed, 01 Mar 2023NOK 25.0bNOK 10.9b-NOK 1,413,839,868.0036.4x-17.7x2.3x
Fri, 27 Jan 2023NOK 26.4bNOK 10.5b-NOK 925,217,640.0028.6x-28.5x2.5x
Price to Earnings Ratio

-28.5x


Total Market Cap: NOK 26.4bTotal Earnings: -NOK 925,217,640.00Total Revenue: NOK 10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 48.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Application 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 28.5x which is lower than its 3-year average PE of 48.1x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Comparison

How does Norwegian Application Software compare with similar industries?

NO Market1.20%
Tech-1.89%
Software-2.77%
Application Software-2.77%
Systems Software0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SPIR Spir GroupNOK 8.540.9%
+NOK 10.6m		3.9%PE394.2x
AIX Ayfie InternationalNOK 3.395.9%
+NOK 4.8m		-8.6%n/a

Latest News

SMCRT
NOK 24.70
SmartCraft
7D
-4.3%
1Y
-13.3%
LINK
NOK 32.65
LINK Mobility Group Holding
7D
-4.0%
1Y
47.7%

Is LINK Mobility Group Holding (OB:LINK) Using Too Much Debt?

Jan 15
Is LINK Mobility Group Holding (OB:LINK) Using Too Much Debt?
ELABS
NOK 5.54
Elliptic Laboratories
7D
-6.7%
1Y
-49.2%

Returns At Elliptic Laboratories (OB:ELABS) Are On The Way Up

Jan 09
Returns At Elliptic Laboratories (OB:ELABS) Are On The Way Up
RIVER
NOK 4.02
River Tech
7D
-3.4%
1Y
-78.4%
SPIR
NOK 8.54
Spir Group
7D
0.9%
1Y
3.9%
PEXIP
NOK 73.80
Pexip Holding
7D
-0.5%
1Y
73.2%

PEXIP: Future Outlook Will Emphasize Stable Margins And Earnings Multiple Assumptions

Analysts have raised their price target for Pexip Holding slightly to reflect a marginally lower discount rate and a modestly more attractive future earnings multiple, resulting in only a small increase in the company’s valuation in local currency terms. Valuation Changes Fair Value Estimate remains unchanged at NOK 77.5 per share, indicating no revision to the central valuation point.
OTEC
NOK 17.10
Otello
7D
-3.1%
1Y
122.7%
AIX
NOK 3.39
Ayfie International
7D
5.9%
1Y
-8.6%
INDCT
NOK 4.22
Induct
7D
-8.7%
1Y
-11.0%