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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies8
  • 7D1.4%
  • 3M-27.7%
  • 1Y21.5%
  • YTDn/a

In the last week, the Application Software industry is up 5.7%, with Otello up 9.2%. This means that the industry has gained 24% over the past year. Earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026NOK 14.8bNOK 8.6bNOK 701.8m16.8x21.1x1.7x
Fri, 06 Mar 2026NOK 18.9bNOK 10.1bNOK 804.2m26.4x23.5x1.9x
Sun, 01 Feb 2026NOK 24.5bNOK 10.3bNOK 836.3m38.2x29.3x2.4x
Tue, 30 Dec 2025NOK 25.2bNOK 10.3bNOK 855.6m41.1x29.5x2.5x
Thu, 27 Nov 2025NOK 21.4bNOK 10.3bNOK 861.7m34.6x24.9x2.1x
Sat, 25 Oct 2025NOK 22.2bNOK 10.2bNOK 852.4m32.9x26x2.2x
Mon, 22 Sep 2025NOK 23.8bNOK 10.2bNOK 849.8m36.6x28x2.3x
Wed, 20 Aug 2025NOK 25.4bNOK 10.3bNOK 322.8m38.2x78.5x2.5x
Fri, 18 Jul 2025NOK 23.8bNOK 10.3bNOK 297.9m45.9x79.9x2.3x
Sun, 15 Jun 2025NOK 22.0bNOK 10.3bNOK 299.5m43.6x73.3x2.1x
Tue, 13 May 2025NOK 21.0bNOK 10.2bNOK 307.0m40.2x68.4x2.1x
Thu, 10 Apr 2025NOK 17.0bNOK 10.2bNOK 328.3m34x51.9x1.7x
Sat, 08 Mar 2025NOK 18.2bNOK 10.2bNOK 326.9m37.3x55.6x1.8x
Mon, 03 Feb 2025NOK 19.3bNOK 10.0bNOK 323.2m29.6x59.9x1.9x
Wed, 01 Jan 2025NOK 19.3bNOK 10.0bNOK 322.1m29.2x60x1.9x
Fri, 29 Nov 2024NOK 19.4bNOK 10.0bNOK 315.0m29.7x61.7x2x
Sun, 27 Oct 2024NOK 25.9bNOK 11.4bNOK 285.8m32x90.6x2.3x
Tue, 24 Sep 2024NOK 25.1bNOK 11.4bNOK 296.2m31.9x84.9x2.2x
Thu, 22 Aug 2024NOK 24.4bNOK 11.3bNOK 555.7m15.7x43.9x2.2x
Sat, 20 Jul 2024NOK 23.6bNOK 11.0bNOK 463.7m18.6x51x2.1x
Mon, 17 Jun 2024NOK 22.1bNOK 11.0bNOK 460.3m18.7x48x2x
Wed, 15 May 2024NOK 22.9bNOK 11.0bNOK 453.1m19.6x50.6x2.1x
Fri, 12 Apr 2024NOK 20.7bNOK 10.6bNOK 65.7m22.6x315.9x2x
Sun, 10 Mar 2024NOK 19.8bNOK 10.5bNOK 76.4m23.6x259.5x1.9x
Tue, 06 Feb 2024NOK 19.3bNOK 10.4bNOK 36.0m25.1x535.1x1.8x
Thu, 04 Jan 2024NOK 28.0bNOK 12.4b-NOK 730,156,048.0015.9x-38.3x2.3x
Sat, 02 Dec 2023NOK 27.0bNOK 12.4b-NOK 746,859,976.0015.6x-36.1x2.2x
Mon, 30 Oct 2023NOK 24.6bNOK 12.0b-NOK 689,374,741.0014.6x-35.7x2x
Wed, 27 Sep 2023NOK 25.2bNOK 12.0b-NOK 686,534,785.0014.4x-36.6x2.1x
Fri, 25 Aug 2023NOK 25.3bNOK 12.0b-NOK 718,280,774.0013x-35.3x2.1x
Sun, 23 Jul 2023NOK 25.9bNOK 11.3b-NOK 857,978,885.009.6x-30.2x2.3x
Tue, 20 Jun 2023NOK 25.2bNOK 11.3b-NOK 941,605,708.0010.1x-26.7x2.2x
Thu, 18 May 2023NOK 25.1bNOK 11.3b-NOK 817,244,531.009.3x-30.7x2.2x
Sat, 15 Apr 2023NOK 24.0bNOK 10.9b-NOK 1,456,831,979.0032.6x-16.4x2.2x
Price to Earnings Ratio

-16.4x


Total Market Cap: NOK 24.0bTotal Earnings: -NOK 1,456,831,979.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 51.2x202420252026
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 20.9x which is lower than its 3-year average PE of 51.2x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.7x.
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 7.6% 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 Market0.43%
Tech0.16%
Software1.44%
Application Software1.44%
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
OTEC OtelloNOK 19.449.2%
+NOK 113.7m		126.6%PE2.8x
PEXIP Pexip HoldingNOK 61.400.8%
+NOK 52.2m		61.4%PE30.8x
LINK LINK Mobility Group HoldingNOK 22.300.7%
+NOK 43.4m		7.7%PE74.1x
ELABS Elliptic LaboratoriesNOK 2.801.1%
+NOK 3.5m		-69.6%PS3.2x

Latest News

LINK
NOK 22.30
LINK Mobility Group Holding
7D
0.7%
1Y
7.7%

LINK: Future Cash Generation And Accretive M&A Will Support Upside Potential

Analysts have reiterated their NOK 30.25 price target for LINK Mobility Group Holding, with only minor tweaks to assumptions such as the discount rate and future P/E underpinning the unchanged fair value view. What's in the News Management highlights NOK 400 million in free cash flow and describes cash generation as strong, with expectations that the SMSPortal acquisition will support further improvement in cash generation and flexibility to invest in the business (Key Developments).
PEXIP
NOK 61.40
Pexip Holding
7D
0.8%
1Y
61.4%

PEXIP: Future Dividend And Stable Margins Will Support Bullish Case

Analysts have kept their Pexip Holding price target broadly unchanged at around NOK 75. This points to stable fair value assumptions supported by small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs.
ELABS
NOK 2.80
Elliptic Laboratories
7D
1.1%
1Y
-69.6%
INDCT
NOK 3.12
Induct
7D
-2.5%
1Y
-6.0%
OTEC
NOK 19.44
Otello
7D
9.2%
1Y
126.6%