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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies9
  • 7D4.0%
  • 3M-25.5%
  • 1Y4.7%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 1.2%, driven by gains from LINK Mobility Group Holding of 5.4%. Meanwhile, Elliptic Laboratories actually underperformed within the industry, shrinking 18% in the last week. This means that the industry has gained 3.3% over the past year. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026NOK 17.5bNOK 9.1bNOK 827.6m26.6x21.1x1.9x
Fri, 06 Feb 2026NOK 21.1bNOK 10.3bNOK 841.5m34.8x25.1x2.1x
Sun, 04 Jan 2026NOK 24.9bNOK 10.3bNOK 856.1m40.3x29.1x2.4x
Tue, 02 Dec 2025NOK 22.2bNOK 10.3bNOK 858.4m35x25.9x2.2x
Thu, 30 Oct 2025NOK 22.8bNOK 10.2bNOK 852.7m33.1x26.8x2.2x
Sat, 27 Sep 2025NOK 22.7bNOK 10.2bNOK 850.8m35.2x26.7x2.2x
Mon, 25 Aug 2025NOK 24.3bNOK 10.2bNOK 836.5m36.6x29.1x2.4x
Wed, 23 Jul 2025NOK 24.0bNOK 10.3bNOK 302.0m45.5x79.4x2.3x
Fri, 20 Jun 2025NOK 22.3bNOK 10.3bNOK 297.4m44.5x75x2.2x
Sun, 18 May 2025NOK 20.8bNOK 10.3bNOK 299.5m41.1x69.4x2x
Tue, 15 Apr 2025NOK 18.0bNOK 10.2bNOK 335.6m35.9x53.6x1.8x
Thu, 13 Mar 2025NOK 17.9bNOK 10.2bNOK 329.1m36x54.4x1.8x
Sat, 08 Feb 2025NOK 19.2bNOK 10.0bNOK 323.7m29.9x59.3x1.9x
Mon, 06 Jan 2025NOK 19.6bNOK 10.0bNOK 322.1m28.9x60.9x2x
Wed, 04 Dec 2024NOK 19.5bNOK 10.0bNOK 317.5m29.3x61.5x2x
Fri, 01 Nov 2024NOK 26.1bNOK 11.4bNOK 286.1m32.4x91.2x2.3x
Sun, 29 Sep 2024NOK 25.6bNOK 11.4bNOK 296.0m33.4x86.5x2.2x
Tue, 27 Aug 2024NOK 24.7bNOK 11.4bNOK 294.4m31.5x84x2.2x
Thu, 25 Jul 2024NOK 23.6bNOK 11.0bNOK 464.4m19.1x50.9x2.1x
Sat, 22 Jun 2024NOK 21.8bNOK 11.0bNOK 459.2m19.3x47.5x2x
Mon, 20 May 2024NOK 22.5bNOK 11.0bNOK 445.6m19.6x50.4x2x
Wed, 17 Apr 2024NOK 20.3bNOK 10.6bNOK 59.1m23.6x343.5x1.9x
Fri, 15 Mar 2024NOK 20.0bNOK 10.5bNOK 77.2m23x259.5x1.9x
Sun, 11 Feb 2024NOK 19.7bNOK 10.5bNOK 25.1m25.2x784x1.9x
Tue, 09 Jan 2024NOK 28.1bNOK 12.4b-NOK 729,582,303.0015.8x-38.5x2.3x
Thu, 07 Dec 2023NOK 27.2bNOK 12.4b-NOK 744,113,682.0015.6x-36.5x2.2x
Sat, 04 Nov 2023NOK 25.1bNOK 12.0b-NOK 681,884,051.0015.3x-36.9x2.1x
Mon, 02 Oct 2023NOK 25.6bNOK 12.0b-NOK 685,599,542.0014.9x-37.3x2.1x
Wed, 30 Aug 2023NOK 25.4bNOK 12.0b-NOK 686,116,163.0013.1x-37x2.1x
Fri, 28 Jul 2023NOK 26.6bNOK 11.3b-NOK 857,330,504.009.7x-31x2.3x
Sun, 25 Jun 2023NOK 25.1bNOK 11.3b-NOK 879,145,721.009.9x-28.6x2.2x
Tue, 23 May 2023NOK 25.2bNOK 11.3b-NOK 959,472,116.009.4x-26.2x2.2x
Thu, 20 Apr 2023NOK 23.8bNOK 10.9b-NOK 1,467,285,746.0032.2x-16.3x2.2x
Sat, 18 Mar 2023NOK 23.4bNOK 10.9b-NOK 1,467,906,909.0030.3x-15.9x2.2x
Price to Earnings Ratio

-15.9x


Total Market Cap: NOK 23.4bTotal Earnings: -NOK 1,467,906,909.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 50.3x202420252026
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 23.0x which is lower than its 3-year average PE of 50.2x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
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 declined 2.4% 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 Comparison

How does Norwegian Application Software compare with similar industries?

NO Market0.97%
Tech1.87%
Software4.00%
Application Software4.00%
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
LINK LINK Mobility Group HoldingNOK 21.655.6%
+NOK 333.2m		2.1%PE72x
PEXIP Pexip HoldingNOK 63.204.5%
+NOK 281.8m		55.9%PE26.6x
SMCRT SmartCraftNOK 17.254.2%
+NOK 112.2m		-33.9%PE32.4x
AIX Ayfie InternationalNOK 4.276.8%
+NOK 6.8m		17.3%n/a

Latest News

LINK
NOK 21.65
LINK Mobility Group Holding
7D
5.6%
1Y
2.1%

LINK: Future Cash Generation And M&A Pipeline Will Drive Upside Potential

Analysts have reset their price target for LINK Mobility Group Holding to NOK30.25 from NOK43.75, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. These revisions point to a more cautious outlook on the shares.
ELABS
NOK 2.99
Elliptic Laboratories
7D
-15.1%
1Y
-70.3%
AIX
NOK 4.27
Ayfie International
7D
6.8%
1Y
17.3%
PEXIP
NOK 63.20
Pexip Holding
7D
4.5%
1Y
55.9%

PEXIP: Future Outlook Will Emphasize Dividend Visibility And Margin Expansion Potential

Analysts have adjusted their price target for Pexip Holding to NOK 75.0 from NOK 75, citing updated assumptions around slightly higher long term revenue growth, improved profit margins and a modestly lower future P/E multiple. What's in the News Pexip Holding ASA announced an annual dividend of NOK 3.0000 per share, with payment scheduled for April 28, 2026 (Key Developments).
SMCRT
NOK 17.25
SmartCraft
7D
4.2%
1Y
-33.9%

AI Workflow Adoption And New Markets Will Drive This Construction Software Specialist Forward

Catalysts About SmartCraft SmartCraft provides software solutions that help smaller construction and property management companies plan work, communicate and run projects more efficiently. What are the underlying business or industry changes driving this perspective?
INDCT
NOK 3.64
Induct
7D
-3.2%
1Y
4.0%
RIVER
NOK 3.30
River Tech
7D
-2.4%
1Y
-80.4%