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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.2%
  • 3M-21.6%
  • 1Y18.1%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 3.2%, driven by Pexip Holding declining 5.8%. This takes the industry's 12 month performance to a gain of 18%. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026NOK 15.8bNOK 8.6bNOK 684.5m18x23.1x1.8x
Wed, 25 Mar 2026NOK 14.5bNOK 8.6bNOK 747.0m14.4x19.4x1.7x
Fri, 20 Feb 2026NOK 18.8bNOK 10.1bNOK 931.8m26.5x20.2x1.9x
Sun, 18 Jan 2026NOK 24.9bNOK 10.3bNOK 856.6m40.6x29.1x2.4x
Tue, 16 Dec 2025NOK 24.8bNOK 10.3bNOK 860.3m41x28.8x2.4x
Thu, 13 Nov 2025NOK 21.2bNOK 10.2bNOK 836.5m30.8x25.3x2.1x
Sat, 11 Oct 2025NOK 22.3bNOK 10.2bNOK 857.7m32.8x26.1x2.2x
Mon, 08 Sep 2025NOK 24.6bNOK 10.2bNOK 820.5m36.9x30x2.4x
Wed, 06 Aug 2025NOK 24.2bNOK 10.3bNOK 298.3m42.7x81.1x2.4x
Fri, 04 Jul 2025NOK 22.7bNOK 10.3bNOK 302.0m43x75.3x2.2x
Sun, 01 Jun 2025NOK 20.9bNOK 10.3bNOK 294.1m39.7x70.9x2x
Tue, 29 Apr 2025NOK 18.7bNOK 10.2bNOK 321.8m37.8x58.1x1.8x
Thu, 27 Mar 2025NOK 18.4bNOK 10.2bNOK 328.5m36.4x56x1.8x
Sat, 22 Feb 2025NOK 19.0bNOK 10.1bNOK 235.6m38.3x80.8x1.9x
Mon, 20 Jan 2025NOK 18.8bNOK 10.0bNOK 320.4m29x58.7x1.9x
Wed, 18 Dec 2024NOK 19.6bNOK 10.0bNOK 326.1m31.1x60.2x2x
Fri, 15 Nov 2024NOK 19.4bNOK 9.9bNOK 282.0m16.6x68.9x2x
Sun, 13 Oct 2024NOK 25.8bNOK 11.4bNOK 291.2m33.1x88.6x2.3x
Tue, 10 Sep 2024NOK 25.0bNOK 11.4bNOK 277.9m32.6x89.9x2.2x
Thu, 08 Aug 2024NOK 23.1bNOK 11.0bNOK 463.0m18.3x49.8x2.1x
Sat, 06 Jul 2024NOK 21.5bNOK 11.0bNOK 459.0m18.6x46.8x1.9x
Mon, 03 Jun 2024NOK 23.1bNOK 11.0bNOK 443.6m19.4x52.1x2.1x
Wed, 01 May 2024NOK 21.2bNOK 10.6bNOK 155.2m42.2x136.7x2x
Fri, 29 Mar 2024NOK 21.5bNOK 10.5bNOK 75.3m23.5x286x2x
Sun, 25 Feb 2024NOK 19.4bNOK 10.5bNOK 76.4m22.6x254x1.8x
Tue, 23 Jan 2024NOK 28.7bNOK 12.4b-NOK 731,347,172.0017.7x-39.2x2.3x
Thu, 21 Dec 2023NOK 27.9bNOK 12.4b-NOK 729,373,434.0015.7x-38.3x2.3x
Sat, 18 Nov 2023NOK 26.5bNOK 12.1b-NOK 650,233,521.0014.7x-40.7x2.2x
Mon, 16 Oct 2023NOK 25.3bNOK 12.0b-NOK 687,871,453.0014.5x-36.7x2.1x
Wed, 13 Sep 2023NOK 25.8bNOK 12.0b-NOK 681,585,593.0012.9x-37.9x2.1x
Fri, 11 Aug 2023NOK 26.2bNOK 11.4b-NOK 866,070,231.0011x-30.3x2.3x
Sun, 09 Jul 2023NOK 25.0bNOK 11.3b-NOK 876,087,868.009.2x-28.5x2.2x
Tue, 06 Jun 2023NOK 24.9bNOK 11.3b-NOK 947,494,435.009.8x-26.3x2.2x
Thu, 04 May 2023NOK 23.8bNOK 10.9b-NOK 922,133,607.0010.1x-25.8x2.2x
Price to Earnings Ratio

-25.8x


Total Market Cap: NOK 23.8bTotal Earnings: -NOK 922,133,607.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 51.9x202420252026
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 23.1x which is lower than its 3-year average PE of 51.9x.
  • 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 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 Market-0.45%
Tech1.16%
Software-3.23%
Application Software-3.23%
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
INDCT InductNOK 3.002.7%
+NOK 2.5m		-7.4%PS6.3x

Latest News

ELABS
NOK 2.96
Elliptic Laboratories
7D
-8.7%
1Y
-68.3%

ELABS: New Equity Funding And Laptop Agreements Will Support Future Upside

Analysts have maintained their fair value estimate for Elliptic Laboratories at NOK 13.0. Only small adjustments to the discount rate, revenue growth, profit margin and forward P/E have been incorporated into the updated price target framework. What's in the News Elliptic Labs completed multiple follow on equity offerings totaling about NOK 120m, with ordinary shares and other common stock offered at NOK 2.85 per share, including a rights offering and a subsequent direct listing structure (Key Developments).
LINK
NOK 24.32
LINK Mobility Group Holding
7D
-0.2%
1Y
4.8%

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

Analysts have kept their NOK 30.25 price target for LINK Mobility Group Holding unchanged, citing only very small refinements to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions. What's in the News LINK Mobility Group Holding ASA is actively looking for M&A opportunities, with accretive deals highlighted as the first priority for capital allocation (Key Developments).
PEXIP
NOK 66.20
Pexip Holding
7D
-5.8%
1Y
59.1%

PEXIP: Future Dividend Payouts And Stable Margins Will Support Fair Value

Analysts have kept their fair value view for Pexip Holding broadly unchanged, with model tweaks such as a slightly lower discount rate of 7.92%, steady long term revenue growth of 11.19%, an unchanged fair value of NOK 75.0, and only a marginal adjustment to the assumed future P/E to 24.42x. What's in the News Pexip Holding ASA shareholders approved a total dividend of NOK 4.0 per share at the AGM held on April 17, 2026, combining both ordinary and additional payouts (Key Developments).
INDCT
NOK 3.00
Induct
7D
2.7%
1Y
-7.4%
OTEC
NOK 19.02
Otello
7D
-3.6%
1Y
108.1%