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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

Over the last 7 days, the Application Software industry has dropped 3.4%, driven by a pullback from Pexip Holding of 2.4%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026NOK 14.6bNOK 8.6bNOK 744.9m14.1x19.7x1.7x
Fri, 27 Feb 2026NOK 18.2bNOK 10.1bNOK 930.1m25.6x19.6x1.8x
Sun, 25 Jan 2026NOK 25.1bNOK 10.3bNOK 842.9m40.8x29.8x2.4x
Tue, 23 Dec 2025NOK 24.9bNOK 10.3bNOK 858.5m40.4x29x2.4x
Thu, 20 Nov 2025NOK 20.8bNOK 10.3bNOK 850.8m33.8x24.5x2x
Sat, 18 Oct 2025NOK 21.8bNOK 10.2bNOK 854.3m32.7x25.6x2.1x
Mon, 15 Sep 2025NOK 24.0bNOK 10.2bNOK 804.4m36.9x29.9x2.3x
Wed, 13 Aug 2025NOK 24.3bNOK 10.3bNOK 299.6m42x81.3x2.4x
Fri, 11 Jul 2025NOK 23.0bNOK 10.3bNOK 301.6m43.2x76.1x2.2x
Sun, 08 Jun 2025NOK 21.9bNOK 10.3bNOK 295.7m42.9x74.2x2.1x
Tue, 06 May 2025NOK 19.0bNOK 10.2bNOK 320.6m37x59.1x1.9x
Thu, 03 Apr 2025NOK 17.8bNOK 10.2bNOK 330.8m35.5x53.9x1.8x
Sat, 01 Mar 2025NOK 19.0bNOK 10.2bNOK 313.1m38.1x60.6x1.9x
Mon, 27 Jan 2025NOK 19.0bNOK 10.0bNOK 326.1m28x58.2x1.9x
Wed, 25 Dec 2024NOK 19.5bNOK 10.0bNOK 322.9m29.3x60.5x2x
Fri, 22 Nov 2024NOK 18.8bNOK 10.0bNOK 314.2m28.4x59.9x1.9x
Sun, 20 Oct 2024NOK 25.8bNOK 11.4bNOK 287.1m33.1x89.9x2.3x
Tue, 17 Sep 2024NOK 25.3bNOK 11.4bNOK 282.6m32.9x89.4x2.2x
Thu, 15 Aug 2024NOK 23.6bNOK 11.0bNOK 463.0m19.6x50.9x2.1x
Sat, 13 Jul 2024NOK 23.7bNOK 11.0bNOK 461.3m18.5x51.4x2.2x
Mon, 10 Jun 2024NOK 21.7bNOK 11.0bNOK 461.5m18.8x47x2x
Wed, 08 May 2024NOK 22.0bNOK 10.6bNOK 178.9m43.3x123.2x2.1x
Fri, 05 Apr 2024NOK 21.4bNOK 10.5bNOK 74.8m23.6x285.6x2x
Sun, 03 Mar 2024NOK 19.9bNOK 10.5bNOK 76.4m23.8x260.1x1.9x
Tue, 30 Jan 2024NOK 28.8bNOK 12.4b-NOK 731,205,307.0017.6x-39.4x2.3x
Thu, 28 Dec 2023NOK 27.9bNOK 12.4b-NOK 726,646,951.0015.7x-38.3x2.3x
Sat, 25 Nov 2023NOK 26.5bNOK 12.1b-NOK 648,121,805.0015.3x-40.9x2.2x
Mon, 23 Oct 2023NOK 24.9bNOK 12.0b-NOK 688,255,436.0014.6x-36.1x2.1x
Wed, 20 Sep 2023NOK 25.5bNOK 12.0b-NOK 681,767,577.0013.1x-37.3x2.1x
Fri, 18 Aug 2023NOK 26.1bNOK 11.4b-NOK 800,955,724.0011x-32.5x2.3x
Sun, 16 Jul 2023NOK 24.9bNOK 11.3b-NOK 857,034,441.009x-29.1x2.2x
Tue, 13 Jun 2023NOK 24.9bNOK 11.3b-NOK 944,645,939.0010x-26.3x2.2x
Thu, 11 May 2023NOK 24.7bNOK 11.0b-NOK 817,083,272.009.8x-30.2x2.2x
Sat, 08 Apr 2023NOK 23.7bNOK 10.9b-NOK 1,463,327,463.0032.8x-16.2x2.2x
Price to Earnings Ratio

-16.2x


Total Market Cap: NOK 23.7bTotal Earnings: -NOK 1,463,327,463.00Total 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 18.8x which is lower than its 3-year average PE of 50.9x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.6x.
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 22.155.0%
+NOK 307.0m		0.7%PE74.3x
OTEC OtelloNOK 17.801.7%
+NOK 19.0m		110.4%PE2.5x
ELABS Elliptic LaboratoriesNOK 2.770.2%
+NOK 579.1k		-70.7%PS3.2x
AIX Ayfie InternationalNOK 4.070.5%
+NOK 500.2k		23.3%n/a

Latest News

ELABS
NOK 2.77
Elliptic Laboratories
7D
0.2%
1Y
-70.7%
PEXIP
NOK 60.90
Pexip Holding
7D
-2.4%
1Y
59.4%
LINK
NOK 22.15
LINK Mobility Group Holding
7D
5.0%
1Y
0.7%

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
0.5%
1Y
23.3%
INDCT
NOK 3.20
Induct
7D
-13.0%
1Y
-10.1%
OTEC
NOK 17.80
Otello
7D
1.7%
1Y
110.4%