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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies10
  • 7D2.3%
  • 3M15.1%
  • 1Y35.6%
  • YTDn/a

LINK Mobility Group Holding is up 3.0%, leading the way for the Application Software industry, which has gained 2.3%. Meanwhile, Elliptic Laboratories actually underperformed within the industry, shrinking 16% in the last week. This takes the industry's 12 month performance to a gain of 36%. As for the next few years, earnings are expected to grow by 48% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026NOK 25.4bNOK 10.3bNOK 857.1m41.1x29.6x2.5x
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
Mon, 27 Mar 2023NOK 23.3bNOK 10.9b-NOK 1,457,524,718.0032.4x-16x2.1x
Wed, 22 Feb 2023NOK 25.5bNOK 10.9b-NOK 1,410,711,808.0038x-18.1x2.4x
Fri, 20 Jan 2023NOK 25.8bNOK 10.5b-NOK 926,857,932.0028.6x-27.8x2.5x
Price to Earnings Ratio

-27.8x


Total Market Cap: NOK 25.8bTotal Earnings: -NOK 926,857,932.00Total Revenue: NOK 10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 47.7x202420252026
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 29.6x which is lower than its 3-year average PE of 47.6x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
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 Market0.93%
Tech3.11%
Software2.30%
Application Software2.30%
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 34.001.2%
+NOK 115.9m		52.5%PE93.8x
SMCRT SmartCraftNOK 25.802.8%
+NOK 113.5m		-4.4%PE42.8x
PEXIP Pexip HoldingNOK 74.201.4%
+NOK 102.5m		77.9%PE38.9x
OTEC OtelloNOK 17.652.3%
+NOK 28.7m		128.6%PE3.1x
INDCT InductNOK 4.625.5%
+NOK 7.5m		-2.9%PS9.2x

Latest News

LINK
NOK 34.00
LINK Mobility Group Holding
7D
1.2%
1Y
52.5%

LINK: Higher Margins And Refined Assumptions Will Support Stronger Future Earnings

Analysts have trimmed their price target on LINK Mobility Group Holding to reflect an unchanged fair value estimate of €40.00. This is supported by slightly adjusted assumptions on discount rate, revenue growth, profit margin and forward P/E that fine tune their overall outlook rather than change it outright.
ELABS
NOK 5.94
Elliptic Laboratories
7D
-10.0%
1Y
-42.3%

Returns At Elliptic Laboratories (OB:ELABS) Are On The Way Up

Jan 09
Returns At Elliptic Laboratories (OB:ELABS) Are On The Way Up
RIVER
NOK 4.16
River Tech
7D
2.5%
1Y
-76.6%
SPIR
NOK 8.46
Spir Group
7D
0.5%
1Y
-2.8%
PEXIP
NOK 74.20
Pexip Holding
7D
1.4%
1Y
77.9%

PEXIP: Future Outlook Will Emphasize Stable Margins And Earnings Multiple Assumptions

Analysts have raised their price target for Pexip Holding slightly to reflect a marginally lower discount rate and a modestly more attractive future earnings multiple, resulting in only a small increase in the company’s valuation in local currency terms. Valuation Changes Fair Value Estimate remains unchanged at NOK 77.5 per share, indicating no revision to the central valuation point.
SMCRT
NOK 25.80
SmartCraft
7D
2.8%
1Y
-4.4%
OTEC
NOK 17.65
Otello
7D
2.3%
1Y
128.6%
AIX
NOK 3.20
Ayfie International
7D
-8.6%
1Y
-12.8%
INDCT
NOK 4.62
Induct
7D
5.5%
1Y
-2.9%