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Norwegian (OSEAX) Application Software Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies11
- 7D-2.6%
- 3M0.7%
- 1Y28.3%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.3%, driven by a pullback from SmartCraft of 6.6%. In the past year, the industry has gained 34%. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Norwegian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | NOK 18.8b | NOK 10.0b | NOK 314.5m | 28.4x | 59.6x | 1.9x |
| Sat, 19 Oct 2024 | NOK 25.8b | NOK 11.4b | NOK 287.1m | 33.1x | 89.9x | 2.3x |
| Mon, 16 Sep 2024 | NOK 24.9b | NOK 11.4b | NOK 281.1m | 31.2x | 88.6x | 2.2x |
| Wed, 14 Aug 2024 | NOK 23.6b | NOK 11.0b | NOK 462.9m | 19.1x | 51x | 2.1x |
| Fri, 12 Jul 2024 | NOK 23.6b | NOK 11.0b | NOK 460.9m | 18.5x | 51.1x | 2.1x |
| Sun, 09 Jun 2024 | NOK 21.7b | NOK 11.0b | NOK 461.5m | 18.8x | 47x | 2x |
| Tue, 07 May 2024 | NOK 22.2b | NOK 10.6b | NOK 153.5m | 44.2x | 144.5x | 2.1x |
| Thu, 04 Apr 2024 | NOK 21.7b | NOK 10.5b | NOK 74.6m | 24x | 291.2x | 2.1x |
| Sat, 02 Mar 2024 | NOK 19.9b | NOK 10.5b | NOK 76.4m | 23.8x | 260.1x | 1.9x |
| Mon, 29 Jan 2024 | NOK 29.0b | NOK 12.4b | -NOK 730,939,897.00 | 17.6x | -39.7x | 2.3x |
| Wed, 27 Dec 2023 | NOK 28.1b | NOK 12.4b | -NOK 728,303,262.00 | 15.7x | -38.5x | 2.3x |
| Fri, 24 Nov 2023 | NOK 26.5b | NOK 12.1b | -NOK 649,367,600.00 | 15.3x | -40.8x | 2.2x |
| Sun, 22 Oct 2023 | NOK 24.9b | NOK 12.0b | -NOK 688,255,436.00 | 14.6x | -36.1x | 2.1x |
| Tue, 19 Sep 2023 | NOK 25.4b | NOK 12.0b | -NOK 681,943,534.00 | 13.3x | -37.3x | 2.1x |
| Thu, 17 Aug 2023 | NOK 26.2b | NOK 11.9b | -NOK 854,862,036.00 | 11x | -30.6x | 2.2x |
| Sat, 15 Jul 2023 | NOK 24.9b | NOK 11.3b | -NOK 856,467,172.00 | 9.1x | -29.1x | 2.2x |
| Mon, 12 Jun 2023 | NOK 24.9b | NOK 11.3b | -NOK 944,116,486.00 | 10x | -26.4x | 2.2x |
| Wed, 10 May 2023 | NOK 24.2b | NOK 11.0b | -NOK 817,259,806.00 | 9.8x | -29.6x | 2.2x |
| Fri, 07 Apr 2023 | NOK 23.7b | NOK 10.9b | -NOK 1,452,475,535.00 | 32.8x | -16.3x | 2.2x |
| Sun, 05 Mar 2023 | NOK 25.2b | NOK 10.9b | -NOK 1,457,634,459.00 | 37x | -17.3x | 2.3x |
| Tue, 31 Jan 2023 | NOK 26.3b | NOK 10.5b | -NOK 927,437,908.00 | 27.6x | -28.4x | 2.5x |
| Thu, 29 Dec 2022 | NOK 25.1b | NOK 10.5b | -NOK 927,027,896.00 | 26.4x | -27.1x | 2.4x |
| Sat, 26 Nov 2022 | NOK 25.1b | NOK 10.5b | -NOK 914,112,071.00 | 25.6x | -27.4x | 2.4x |
| Mon, 24 Oct 2022 | NOK 23.6b | NOK 10.2b | -NOK 1,092,102,841.00 | 38.9x | -21.6x | 2.3x |
| Wed, 21 Sep 2022 | NOK 24.4b | NOK 9.9b | -NOK 1,066,353,832.00 | 32.9x | -22.9x | 2.5x |
| Fri, 19 Aug 2022 | NOK 23.9b | NOK 9.7b | -NOK 1,242,401,726.00 | 60.7x | -19.2x | 2.5x |
| Sun, 17 Jul 2022 | NOK 25.8b | NOK 9.5b | -NOK 1,319,119,892.00 | 74x | -19.6x | 2.7x |
| Tue, 14 Jun 2022 | NOK 24.8b | NOK 9.5b | -NOK 735,593,625.00 | 76.5x | -33.7x | 2.6x |
| Thu, 12 May 2022 | NOK 21.6b | NOK 9.0b | -NOK 871,681,881.00 | 84.3x | -24.7x | 2.4x |
| Sat, 09 Apr 2022 | NOK 26.7b | NOK 9.1b | -NOK 569,297,190.00 | 85x | -46.8x | 2.9x |
| Mon, 07 Mar 2022 | NOK 26.7b | NOK 9.2b | -NOK 562,729,984.00 | 61x | -47.5x | 2.9x |
| Wed, 02 Feb 2022 | NOK 31.8b | NOK 8.6b | -NOK 717,163,537.00 | 74.6x | -44.3x | 3.7x |
| Fri, 31 Dec 2021 | NOK 37.2b | NOK 8.4b | -NOK 723,699,985.00 | 106.6x | -51.4x | 4.4x |
| Sun, 28 Nov 2021 | NOK 35.0b | NOK 8.3b | -NOK 677,541,985.00 | 100.3x | -51.6x | 4.2x |
Price to Earnings Ratio
-51.6x
Current Industry PE
- Investors are optimistic on the Norwegian Application Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 60.1x which is higher than its 3-year average PE of 14.7x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.9x.
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 grown 6.4% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Application Software compare with similar industries?
| NO Market | 3.06% | |
| Tech | -2.49% | |
| Software | -2.46% | |
| Application Software | -2.57% | |
| Systems Software | -2.25% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LINK LINK Mobility Group Holding | NOK 23.00 | 0.4% +NOK 28.2m | 43.4% | PE16.7x | |
| RIVER River Tech | NOK 17.00 | 1.8% +NOK 6.2m | -46.9% | PE3.9x | |
| INDCT Induct | NOK 2.12 | 9.3% +NOK 4.2m | -69.7% | PS2.4x |
