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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.4%
  • 3M-15.9%
  • 1Y-2.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.4%, driven by a pullback from LINK Mobility Group Holding of 3.7%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026NOK 18.6bNOK 10.1bNOK 795.4m25.9x23.3x1.8x
Fri, 30 Jan 2026NOK 24.5bNOK 10.3bNOK 833.7m38.8x29.4x2.4x
Sun, 28 Dec 2025NOK 24.8bNOK 10.3bNOK 853.7m40.4x29.1x2.4x
Tue, 25 Nov 2025NOK 20.9bNOK 10.3bNOK 863.1m33.8x24.2x2x
Thu, 23 Oct 2025NOK 21.9bNOK 10.2bNOK 852.6m32.5x25.7x2.2x
Sat, 20 Sep 2025NOK 23.8bNOK 10.2bNOK 808.3m36.6x29.5x2.3x
Mon, 18 Aug 2025NOK 25.3bNOK 10.3bNOK 324.2m37.5x78x2.5x
Wed, 16 Jul 2025NOK 23.5bNOK 10.3bNOK 298.5m43.9x78.6x2.3x
Fri, 13 Jun 2025NOK 22.2bNOK 10.3bNOK 299.1m44x74.1x2.2x
Sun, 11 May 2025NOK 20.0bNOK 10.2bNOK 309.3m37.6x64.6x2x
Tue, 08 Apr 2025NOK 17.2bNOK 10.2bNOK 325.9m34x52.7x1.7x
Thu, 06 Mar 2025NOK 18.4bNOK 10.2bNOK 319.4m36.7x57.5x1.8x
Sat, 01 Feb 2025NOK 19.3bNOK 10.0bNOK 323.8m29.6x59.7x1.9x
Mon, 30 Dec 2024NOK 19.6bNOK 10.0bNOK 323.1m29.3x60.6x2x
Wed, 27 Nov 2024NOK 19.1bNOK 10.0bNOK 312.4m29.1x61.2x1.9x
Fri, 25 Oct 2024NOK 26.1bNOK 11.4bNOK 286.7m33.2x91x2.3x
Sun, 22 Sep 2024NOK 25.1bNOK 11.4bNOK 296.2m31.9x84.9x2.2x
Tue, 20 Aug 2024NOK 24.1bNOK 11.3bNOK 555.6m15.5x43.4x2.1x
Thu, 18 Jul 2024NOK 23.7bNOK 11.0bNOK 462.4m18.4x51.3x2.2x
Sat, 15 Jun 2024NOK 22.1bNOK 11.0bNOK 460.3m18.7x48x2x
Mon, 13 May 2024NOK 22.4bNOK 10.6bNOK 178.5m43.4x125.8x2.1x
Wed, 10 Apr 2024NOK 21.2bNOK 10.6bNOK 65.4m22.8x324.5x2x
Fri, 08 Mar 2024NOK 19.9bNOK 10.5bNOK 76.3m23.4x260.4x1.9x
Sun, 04 Feb 2024NOK 28.9bNOK 12.4b-NOK 728,844,082.0017.6x-39.6x2.3x
Tue, 02 Jan 2024NOK 28.2bNOK 12.4b-NOK 727,756,215.0015.7x-38.8x2.3x
Thu, 30 Nov 2023NOK 26.6bNOK 12.4b-NOK 741,177,397.0015.5x-35.8x2.1x
Sat, 28 Oct 2023NOK 24.6bNOK 12.0b-NOK 689,374,741.0014.6x-35.7x2x
Mon, 25 Sep 2023NOK 25.6bNOK 12.0b-NOK 685,458,205.0013.5x-37.3x2.1x
Wed, 23 Aug 2023NOK 25.7bNOK 12.0b-NOK 718,104,775.0013x-35.8x2.1x
Fri, 21 Jul 2023NOK 25.9bNOK 11.3b-NOK 858,135,419.009.5x-30.2x2.3x
Sun, 18 Jun 2023NOK 25.2bNOK 11.3b-NOK 940,335,256.0010.2x-26.8x2.2x
Tue, 16 May 2023NOK 24.7bNOK 11.3b-NOK 829,262,761.009.6x-29.8x2.2x
Thu, 13 Apr 2023NOK 23.9bNOK 10.9b-NOK 1,460,646,118.0033.2x-16.4x2.2x
Sat, 11 Mar 2023NOK 24.1bNOK 10.9b-NOK 1,468,259,805.0030.9x-16.4x2.2x
Price to Earnings Ratio

-16.4x


Total Market Cap: NOK 24.1bTotal Earnings: -NOK 1,468,259,805.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 50x202420252026
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 23.3x which is lower than its 3-year average PE of 50.0x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
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 2.4% 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 Market0.60%
Tech-0.13%
Software-1.41%
Application Software-1.41%
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 8.540.5%
+NOK 5.3m		-6.2%PS1.2x

Latest News

PEXIP
NOK 60.50
Pexip Holding
7D
-1.6%
1Y
44.2%
ELABS
NOK 3.52
Elliptic Laboratories
7D
-20.8%
1Y
-64.3%
SMCRT
NOK 16.55
SmartCraft
7D
-2.9%
1Y
-38.7%

SMCRT: New Segment Model And Merger Plan Will Drive Future Upside

Analysts have reduced their price target on SmartCraft from NOK 27.25 to NOK 21.25, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and a lower future P/E multiple. What's in the News SmartCraft has scheduled a special and extraordinary shareholders meeting on 12 January 2026 at 10:00 W.
SPIR
NOK 8.54
Spir Group
7D
0.5%
1Y
-6.2%
LINK
NOK 20.50
LINK Mobility Group Holding
7D
-2.8%
1Y
-2.4%

LINK: Cash Generation And Measured P/E Will Frame Balanced Return Potential

Analysts have revised their price target for LINK Mobility Group Holding from NOK 40 to NOK 21, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Management reports NOK 400 million in free cash flow, with CEO Thomas Berge highlighting strong cash conversion across the business as a support for ongoing capital allocation plans (Key Developments).
INDCT
NOK 3.76
Induct
7D
-5.1%
1Y
4.4%
RIVER
NOK 3.38
River Tech
7D
-5.1%
1Y
-81.2%
OTEC
NOK 17.45
Otello
7D
-1.7%
1Y
139.0%
AIX
NOK 4.00
Ayfie International
7D
-8.9%
1Y
4.4%