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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies8
  • 7D4.9%
  • 3M-17.7%
  • 1Y27.7%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 6.5%, driven by gains from Pexip Holding of 6.3%. This takes the industry's 12 month performance to a gain of 25%. Looking forward, 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, 22 Apr 2026NOK 16.2bNOK 8.6bNOK 686.4m18.5x23.6x1.9x
Fri, 20 Mar 2026NOK 17.6bNOK 9.1bNOK 818.9m26.8x21.5x1.9x
Sun, 15 Feb 2026NOK 19.0bNOK 10.4bNOK 875.4m27.1x21.7x1.8x
Tue, 13 Jan 2026NOK 25.1bNOK 10.3bNOK 856.1m40.8x29.3x2.4x
Thu, 11 Dec 2025NOK 24.4bNOK 10.3bNOK 859.0m41x28.4x2.4x
Sat, 08 Nov 2025NOK 21.3bNOK 10.2bNOK 876.8m30.7x24.3x2.1x
Mon, 06 Oct 2025NOK 22.7bNOK 10.2bNOK 849.7m33.9x26.7x2.2x
Wed, 03 Sep 2025NOK 24.0bNOK 10.2bNOK 819.4m35.8x29.3x2.4x
Fri, 01 Aug 2025NOK 24.7bNOK 10.3bNOK 296.3m45.4x83.3x2.4x
Sun, 29 Jun 2025NOK 22.7bNOK 10.3bNOK 301.4m42.2x75.2x2.2x
Tue, 27 May 2025NOK 20.9bNOK 10.3bNOK 295.8m40.8x70.6x2x
Thu, 24 Apr 2025NOK 18.4bNOK 10.2bNOK 335.7m36.6x54.7x1.8x
Sat, 22 Mar 2025NOK 18.3bNOK 10.2bNOK 329.3m36.9x55.5x1.8x
Mon, 17 Feb 2025NOK 19.3bNOK 10.1bNOK 236.0m38.2x82x1.9x
Wed, 15 Jan 2025NOK 18.5bNOK 10.0bNOK 321.4m29.2x57.5x1.9x
Fri, 13 Dec 2024NOK 20.0bNOK 10.0bNOK 327.4m31.7x61.2x2x
Sun, 10 Nov 2024NOK 19.0bNOK 9.9bNOK 258.1m17x73.7x1.9x
Tue, 08 Oct 2024NOK 25.5bNOK 11.4bNOK 292.3m32.8x87.3x2.2x
Thu, 05 Sep 2024NOK 24.7bNOK 11.4bNOK 281.4m32.3x87.9x2.2x
Sat, 03 Aug 2024NOK 23.2bNOK 11.0bNOK 464.2m18x49.9x2.1x
Mon, 01 Jul 2024NOK 22.0bNOK 11.0bNOK 459.1m19x47.9x2x
Wed, 29 May 2024NOK 22.7bNOK 11.0bNOK 443.8m19.6x51.2x2.1x
Fri, 26 Apr 2024NOK 20.5bNOK 10.6bNOK 60.5m25x339.2x1.9x
Sun, 24 Mar 2024NOK 21.0bNOK 10.5bNOK 78.4m23x268x2x
Tue, 20 Feb 2024NOK 20.0bNOK 10.5bNOK 75.6m23x264.9x1.9x
Thu, 18 Jan 2024NOK 28.2bNOK 12.4b-NOK 731,343,817.0015.5x-38.5x2.3x
Sat, 16 Dec 2023NOK 27.9bNOK 12.4b-NOK 730,802,767.0015.5x-38.2x2.3x
Mon, 13 Nov 2023NOK 25.8bNOK 12.1b-NOK 650,114,771.0014.9x-39.8x2.1x
Wed, 11 Oct 2023NOK 25.2bNOK 12.0b-NOK 686,089,408.0015x-36.7x2.1x
Fri, 08 Sep 2023NOK 26.2bNOK 12.0b-NOK 681,789,691.0013.1x-38.5x2.2x
Sun, 06 Aug 2023NOK 26.1bNOK 11.3b-NOK 859,674,856.009.5x-30.4x2.3x
Tue, 04 Jul 2023NOK 25.4bNOK 11.3b-NOK 877,176,413.0010x-28.9x2.2x
Thu, 01 Jun 2023NOK 24.7bNOK 11.3b-NOK 948,407,713.009.7x-26x2.2x
Sat, 29 Apr 2023NOK 23.5bNOK 10.9b-NOK 944,328,572.0014.3x-24.9x2.2x
Price to Earnings Ratio

-24.9x


Total Market Cap: NOK 23.5bTotal Earnings: -NOK 944,328,572.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 51.7x202420252026
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 23.4x which is lower than its 3-year average PE of 51.7x.
  • The 3-year average PS ratio of 2.1x 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 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 Market-2.36%
Tech2.81%
Software4.85%
Application Software4.85%
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
PEXIP Pexip HoldingNOK 68.006.3%
+NOK 417.5m		75.5%PE34.2x
LINK LINK Mobility Group HoldingNOK 24.624.9%
+NOK 333.6m		12.9%PE81.2x
INDCT InductNOK 3.2815.9%
+NOK 14.1m		-10.9%PS6.8x
ELABS Elliptic LaboratoriesNOK 3.102.3%
+NOK 8.8m		-66.3%PS3.9x

Latest News

LINK
NOK 24.62
LINK Mobility Group Holding
7D
4.9%
1Y
12.9%

LINK: Strong Cash Generation And Accretive M&A Will Drive Future Upside

Analysts have kept their NOK 30.25 price target for LINK Mobility Group Holding unchanged, citing only very small refinements to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions. What's in the News LINK Mobility Group Holding ASA is actively looking for M&A opportunities, with accretive deals highlighted as the first priority for capital allocation (Key Developments).
PEXIP
NOK 68.00
Pexip Holding
7D
6.3%
1Y
75.5%

PEXIP: Future Dividend Payouts And Stable Margins Will Support Fair Value

Analysts have kept their fair value view for Pexip Holding broadly unchanged, with model tweaks such as a slightly lower discount rate of 7.92%, steady long term revenue growth of 11.19%, an unchanged fair value of NOK 75.0, and only a marginal adjustment to the assumed future P/E to 24.42x. What's in the News Pexip Holding ASA shareholders approved a total dividend of NOK 4.0 per share at the AGM held on April 17, 2026, combining both ordinary and additional payouts (Key Developments).
ELABS
NOK 3.10
Elliptic Laboratories
7D
2.3%
1Y
-66.3%
INDCT
NOK 3.28
Induct
7D
15.9%
1Y
-10.9%
AIX
NOK 4.22
Ayfie International
7D
-4.1%
1Y
20.9%
OTEC
NOK 19.90
Otello
7D
-1.2%
1Y
121.1%
GLEX
NOK 3.60
Glex
7D
-5.3%
1Y
n/a