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Norwegian (OSEAX) Application Software Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies11
- 7D-3.9%
- 3M0.9%
- 1Y23.8%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 2.7%, driven by LINK Mobility Group Holding declining 5.3%. In contrast, Induct has gained 23%. This takes the industry's 12 month performance to a gain of 25%. Looking forward, earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Norwegian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NOK 19.3b | NOK 10.0b | NOK 323.4m | 28.6x | 59.6x | 1.9x |
| Tue, 19 Nov 2024 | NOK 19.3b | NOK 10.0b | NOK 313.8m | 28.2x | 61.4x | 1.9x |
| Thu, 17 Oct 2024 | NOK 25.8b | NOK 11.4b | NOK 287.1m | 33.3x | 89.9x | 2.3x |
| Sat, 14 Sep 2024 | NOK 24.9b | NOK 11.4b | NOK 281.1m | 31.2x | 88.6x | 2.2x |
| Mon, 12 Aug 2024 | NOK 23.1b | NOK 11.0b | NOK 463.0m | 18.2x | 49.8x | 2.1x |
| Wed, 10 Jul 2024 | NOK 23.6b | NOK 11.0b | NOK 459.4m | 18.4x | 51.3x | 2.1x |
| Fri, 07 Jun 2024 | NOK 21.9b | NOK 11.0b | NOK 444.7m | 19.1x | 49.3x | 2x |
| Sun, 05 May 2024 | NOK 21.9b | NOK 10.6b | NOK 153.8m | 43.6x | 142.6x | 2.1x |
| Tue, 02 Apr 2024 | NOK 21.5b | NOK 10.5b | NOK 75.4m | 23.5x | 285.6x | 2x |
| Thu, 29 Feb 2024 | NOK 19.4b | NOK 10.5b | NOK 77.0m | 22.7x | 251.8x | 1.8x |
| Sat, 27 Jan 2024 | NOK 29.0b | NOK 12.4b | -NOK 730,939,897.00 | 17.6x | -39.7x | 2.3x |
| Mon, 25 Dec 2023 | NOK 28.1b | NOK 12.4b | -NOK 728,323,411.00 | 15.7x | -38.5x | 2.3x |
| Wed, 22 Nov 2023 | NOK 26.4b | NOK 12.1b | -NOK 649,095,351.00 | 15.2x | -40.7x | 2.2x |
| Fri, 20 Oct 2023 | NOK 25.3b | NOK 12.0b | -NOK 688,204,897.00 | 14.8x | -36.7x | 2.1x |
| Sun, 17 Sep 2023 | NOK 25.6b | NOK 12.0b | -NOK 682,142,555.00 | 13x | -37.6x | 2.1x |
| Tue, 15 Aug 2023 | NOK 26.1b | NOK 11.4b | -NOK 799,198,251.00 | 11x | -32.7x | 2.3x |
| Thu, 13 Jul 2023 | NOK 24.9b | NOK 11.3b | -NOK 868,696,372.00 | 9.3x | -28.6x | 2.2x |
| Sat, 10 Jun 2023 | NOK 24.9b | NOK 11.3b | -NOK 943,992,634.00 | 10x | -26.4x | 2.2x |
| Mon, 08 May 2023 | NOK 24.1b | NOK 11.0b | -NOK 829,164,518.00 | 9.6x | -29.1x | 2.2x |
| Wed, 05 Apr 2023 | NOK 23.7b | NOK 10.9b | -NOK 1,446,233,189.00 | 32.9x | -16.4x | 2.2x |
| Fri, 03 Mar 2023 | NOK 25.3b | NOK 10.9b | -NOK 1,419,751,397.00 | 36.5x | -17.8x | 2.3x |
| Sun, 29 Jan 2023 | NOK 26.3b | NOK 10.5b | -NOK 924,453,641.00 | 27.1x | -28.5x | 2.5x |
| Tue, 27 Dec 2022 | NOK 25.0b | NOK 10.5b | -NOK 925,781,005.00 | 25.6x | -27x | 2.4x |
| Thu, 24 Nov 2022 | NOK 24.8b | NOK 10.5b | -NOK 917,927,184.00 | 25.6x | -27x | 2.4x |
| Sat, 22 Oct 2022 | NOK 23.6b | NOK 10.2b | -NOK 1,092,102,841.00 | 38.9x | -21.6x | 2.3x |
| Mon, 19 Sep 2022 | NOK 24.6b | NOK 9.9b | -NOK 1,061,532,750.00 | 33.1x | -23.1x | 2.5x |
| Wed, 17 Aug 2022 | NOK 24.1b | NOK 9.5b | -NOK 1,334,640,275.00 | 81.4x | -18.1x | 2.5x |
| Fri, 15 Jul 2022 | NOK 25.5b | NOK 9.5b | -NOK 1,324,699,634.00 | 71.3x | -19.3x | 2.7x |
| Sun, 12 Jun 2022 | NOK 25.7b | NOK 9.5b | -NOK 734,042,631.00 | 75.6x | -35x | 2.7x |
| Tue, 10 May 2022 | NOK 18.3b | NOK 4.6b | -NOK 747,356,428.00 | 131.1x | -24.4x | 4x |
| Thu, 07 Apr 2022 | NOK 27.0b | NOK 9.1b | -NOK 569,283,825.00 | 85.2x | -47.4x | 3x |
| Sat, 05 Mar 2022 | NOK 26.7b | NOK 9.1b | -NOK 545,289,037.00 | 61x | -49x | 2.9x |
| Mon, 31 Jan 2022 | NOK 30.5b | NOK 8.6b | -NOK 717,163,537.00 | 75.4x | -42.6x | 3.6x |
| Wed, 29 Dec 2021 | NOK 37.5b | NOK 8.4b | -NOK 723,699,985.00 | 109.6x | -51.8x | 4.4x |
Price to Earnings Ratio
-51.8x
Current Industry PE
- Investors are optimistic on the Norwegian Application Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 60.7x which is higher than its 3-year average PE of 17.8x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
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 grown 5.8% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Application Software compare with similar industries?
| NO Market | -2.76% | |
| Tech | -2.27% | |
| Software | -3.98% | |
| Application Software | -3.88% | |
| Systems Software | -4.15% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| INDCT Induct | NOK 2.40 | 23.1% +NOK 10.6m | -54.3% | PS3.1x |