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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies8
  • 7D1.1%
  • 3M-28.4%
  • 1Y15.6%
  • YTDn/a

The Application Software industry is up 1.1% in the last week, with LINK Mobility Group Holding up 5.0%. This means that the industry has gained 16% over the past year. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026NOK 14.6bNOK 8.6bNOK 744.9m14.1x19.7x1.7x
Sat, 28 Feb 2026NOK 18.6bNOK 10.1bNOK 928.3m25.9x20x1.8x
Mon, 26 Jan 2026NOK 25.1bNOK 10.3bNOK 842.9m40.8x29.8x2.4x
Wed, 24 Dec 2025NOK 24.8bNOK 10.3bNOK 856.2m40.4x29x2.4x
Fri, 21 Nov 2025NOK 21.1bNOK 10.3bNOK 852.0m33.9x24.8x2.1x
Sun, 19 Oct 2025NOK 22.0bNOK 10.2bNOK 854.3m32.7x25.7x2.2x
Tue, 16 Sep 2025NOK 23.7bNOK 10.2bNOK 803.2m35.7x29.5x2.3x
Thu, 14 Aug 2025NOK 24.7bNOK 10.3bNOK 299.9m42.5x82.3x2.4x
Sat, 12 Jul 2025NOK 23.0bNOK 10.3bNOK 301.6m43.2x76.1x2.2x
Mon, 09 Jun 2025NOK 21.9bNOK 10.3bNOK 295.7m42.9x74.2x2.1x
Wed, 07 May 2025NOK 18.7bNOK 10.1bNOK 322.3m36.5x58.2x1.8x
Fri, 04 Apr 2025NOK 18.0bNOK 10.2bNOK 332.8m35.9x54x1.8x
Sun, 02 Mar 2025NOK 18.8bNOK 10.2bNOK 312.9m38.1x59.9x1.8x
Tue, 28 Jan 2025NOK 19.0bNOK 10.0bNOK 325.3m28.5x58.3x1.9x
Thu, 26 Dec 2024NOK 19.5bNOK 10.0bNOK 323.4m29.3x60.3x2x
Sat, 23 Nov 2024NOK 19.2bNOK 10.0bNOK 312.8m29x61.5x1.9x
Mon, 21 Oct 2024NOK 25.8bNOK 11.4bNOK 287.1m33.1x89.9x2.3x
Wed, 18 Sep 2024NOK 25.2bNOK 11.4bNOK 282.3m32.3x89.2x2.2x
Fri, 16 Aug 2024NOK 24.0bNOK 11.0bNOK 462.9m20.2x51.8x2.2x
Sun, 14 Jul 2024NOK 23.7bNOK 11.0bNOK 462.0m18.5x51.4x2.1x
Tue, 11 Jun 2024NOK 21.7bNOK 11.0bNOK 460.6m18.8x47.1x2x
Thu, 09 May 2024NOK 22.2bNOK 10.6bNOK 178.8m43.1x124.3x2.1x
Sat, 06 Apr 2024NOK 21.3bNOK 10.5bNOK 74.7m23.8x284.8x2x
Mon, 04 Mar 2024NOK 19.9bNOK 10.5bNOK 76.4m23.8x260.1x1.9x
Wed, 31 Jan 2024NOK 29.0bNOK 12.4b-NOK 731,165,665.0017.6x-39.7x2.3x
Fri, 29 Dec 2023NOK 28.0bNOK 12.4b-NOK 727,586,386.0015.3x-38.5x2.3x
Sun, 26 Nov 2023NOK 26.5bNOK 12.1b-NOK 661,729,877.0015.3x-40.1x2.2x
Tue, 24 Oct 2023NOK 24.7bNOK 12.0b-NOK 687,757,414.0014.7x-36x2.1x
Thu, 21 Sep 2023NOK 25.6bNOK 12.0b-NOK 684,485,291.0013.3x-37.4x2.1x
Sat, 19 Aug 2023NOK 25.7bNOK 11.9b-NOK 863,450,862.0011x-29.8x2.2x
Mon, 17 Jul 2023NOK 24.9bNOK 11.3b-NOK 857,034,441.009x-29.1x2.2x
Wed, 14 Jun 2023NOK 25.1bNOK 11.3b-NOK 942,341,566.0010.4x-26.7x2.2x
Fri, 12 May 2023NOK 24.8bNOK 11.0b-NOK 817,482,142.009.7x-30.3x2.3x
Sun, 09 Apr 2023NOK 23.7bNOK 10.9b-NOK 1,463,587,803.0032.8x-16.2x2.2x
Price to Earnings Ratio

-16.2x


Total Market Cap: NOK 23.7bTotal Earnings: -NOK 1,463,587,803.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 51x202420252026
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 19.7x which is lower than its 3-year average PE of 51.0x.
  • 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 Market5.15%
Tech1.15%
Software1.09%
Application Software1.09%
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 22.504.7%
+NOK 292.4m		4.4%PE75.5x
OTEC OtelloNOK 18.705.4%
+NOK 64.1m		121.0%PE2.7x
ELABS Elliptic LaboratoriesNOK 2.952.4%
+NOK 8.1m		-69.0%PS3.4x

Latest News

ELABS
NOK 2.95
Elliptic Laboratories
7D
2.4%
1Y
-69.0%
PEXIP
NOK 61.40
Pexip Holding
7D
-2.4%
1Y
62.9%
LINK
NOK 22.50
LINK Mobility Group Holding
7D
4.7%
1Y
4.4%

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

Analysts have kept their NOK 30.25 price target for LINK Mobility Group Holding unchanged, citing only minor technical adjustments to inputs such as the discount rate, long term revenue growth, profit margin assumptions and future P/E multiple. What's in the News The company is actively looking for M&A opportunities, with management pointing to a strong and actionable deal pipeline and a focus on accretive transactions as a first priority for capital allocation (Key Developments).
AIX
NOK 4.07
Ayfie International
7D
-0.7%
1Y
30.0%
INDCT
NOK 3.22
Induct
7D
-12.0%
1Y
-16.1%
OTEC
NOK 18.70
Otello
7D
5.4%
1Y
121.0%