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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies10
  • 7D-13.9%
  • 3M-0.9%
  • 1Y8.9%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 15%, driven by LINK Mobility Group Holding declining 27%. Meanwhile, Ayfie International actually outperformed within the industry, gaining 12% in the last week. Over the past 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 13 Feb 2023NOK 26.5bNOK 10.5b-NOK 957,551,532.0026.8x-27.6x2.5x
Price to Earnings Ratio

-27.6x


Total Market Cap: NOK 26.5bTotal Earnings: -NOK 957,551,532.00Total Revenue: NOK 10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 49x202420252026
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 25.4x which is lower than its 3-year average PE of 48.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
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 Market0.24%
Tech-0.21%
Software-13.86%
Application Software-13.86%
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 8.520.9%
+NOK 10.6m		-1.8%PE393.3x
AIX Ayfie InternationalNOK 4.293.9%
+NOK 4.0m		8.6%n/a
RIVER River TechNOK 4.040.5%
+NOK 411.0k		-78.7%PE1.2x

Latest News

PEXIP
NOK 72.80
Pexip Holding
7D
-4.6%
1Y
59.5%

PEXIP: Future Outlook Will Emphasize Fair Value Margins And Earnings Multiple

Analysts have adjusted their price target for Pexip Holding to reflect updated assumptions around slightly higher revenue growth, a lower profit margin profile, and a higher future P/E multiple. Valuation Changes Fair Value: Kept unchanged at 77.5, indicating no revision to the central value estimate.
LINK
NOK 25.35
LINK Mobility Group Holding
7D
-24.1%
1Y
7.2%
ELABS
NOK 4.30
Elliptic Laboratories
7D
-13.4%
1Y
-59.6%

Elliptic Laboratories ASA (OB:ELABS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jan 30
Elliptic Laboratories ASA (OB:ELABS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
SMCRT
NOK 19.00
SmartCraft
7D
-16.3%
1Y
-28.8%
RIVER
NOK 4.04
River Tech
7D
0.5%
1Y
-78.7%
SPIR
NOK 8.52
Spir Group
7D
0.9%
1Y
-1.8%
OTEC
NOK 17.75
Otello
7D
-3.3%
1Y
134.2%
AIX
NOK 4.29
Ayfie International
7D
3.9%
1Y
8.6%