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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies9
  • 7D0.6%
  • 3M-25.0%
  • 1Y6.2%
  • YTDn/a

In the last week, the Application Software industry is flat overall, with Otello standing out by going down 4.0%. The past year has been better, since the industry has gained 6.2% in that time. Looking forward, 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
Fri, 13 Mar 2026NOK 18.0bNOK 9.1bNOK 831.4m27x21.6x2x
Sun, 08 Feb 2026NOK 21.3bNOK 10.3bNOK 838.0m34.8x25.4x2.1x
Tue, 06 Jan 2026NOK 24.8bNOK 10.3bNOK 854.5m40x29x2.4x
Thu, 04 Dec 2025NOK 22.4bNOK 10.3bNOK 855.9m36.1x26.1x2.2x
Sat, 01 Nov 2025NOK 22.6bNOK 10.2bNOK 857.2m32.8x26.4x2.2x
Mon, 29 Sep 2025NOK 22.7bNOK 10.2bNOK 850.8m35.2x26.7x2.2x
Wed, 27 Aug 2025NOK 24.6bNOK 10.2bNOK 840.8m36.3x29.2x2.4x
Fri, 25 Jul 2025NOK 24.2bNOK 10.3bNOK 301.4m44.7x80.3x2.4x
Sun, 22 Jun 2025NOK 22.1bNOK 10.3bNOK 300.0m43.9x73.7x2.2x
Tue, 20 May 2025NOK 21.0bNOK 10.3bNOK 301.4m41.7x69.6x2x
Thu, 17 Apr 2025NOK 18.2bNOK 10.2bNOK 335.4m35.4x54.2x1.8x
Sat, 15 Mar 2025NOK 18.0bNOK 10.2bNOK 328.9m35.9x54.6x1.8x
Mon, 10 Feb 2025NOK 19.2bNOK 10.0bNOK 323.9m29.9x59.3x1.9x
Wed, 08 Jan 2025NOK 19.4bNOK 10.0bNOK 323.0m28.3x60.1x1.9x
Fri, 06 Dec 2024NOK 19.7bNOK 10.0bNOK 317.9m29.5x62.1x2x
Sun, 03 Nov 2024NOK 26.6bNOK 11.4bNOK 284.9m33.8x93.5x2.3x
Tue, 01 Oct 2024NOK 25.9bNOK 11.4bNOK 295.0m34.1x87.8x2.3x
Thu, 29 Aug 2024NOK 24.4bNOK 11.4bNOK 291.8m31x83.5x2.1x
Sat, 27 Jul 2024NOK 23.6bNOK 11.0bNOK 464.4m19x50.9x2.1x
Mon, 24 Jun 2024NOK 21.8bNOK 11.0bNOK 459.2m19.3x47.6x2x
Wed, 22 May 2024NOK 22.7bNOK 11.0bNOK 445.3m19.4x51x2.1x
Fri, 19 Apr 2024NOK 19.9bNOK 10.6bNOK 59.9m23.8x332.5x1.9x
Sun, 17 Mar 2024NOK 20.1bNOK 10.5bNOK 77.8m23.3x258.3x1.9x
Tue, 13 Feb 2024NOK 20.2bNOK 10.5bNOK 23.5m25.6x858.6x1.9x
Thu, 11 Jan 2024NOK 28.5bNOK 12.4b-NOK 729,625,261.0015.8x-39.1x2.3x
Sat, 09 Dec 2023NOK 27.2bNOK 12.4b-NOK 736,824,668.0015.4x-36.9x2.2x
Mon, 06 Nov 2023NOK 25.1bNOK 12.1b-NOK 660,535,553.0015.3x-38x2.1x
Wed, 04 Oct 2023NOK 25.6bNOK 12.0b-NOK 687,538,980.0015.6x-37.2x2.1x
Fri, 01 Sep 2023NOK 25.9bNOK 12.0b-NOK 685,482,299.0013.2x-37.7x2.2x
Sun, 30 Jul 2023NOK 26.7bNOK 11.3b-NOK 860,179,669.009.6x-31x2.4x
Tue, 27 Jun 2023NOK 24.9bNOK 11.3b-NOK 877,841,312.0010x-28.3x2.2x
Thu, 25 May 2023NOK 25.2bNOK 11.3b-NOK 960,640,722.009.9x-26.2x2.2x
Sat, 22 Apr 2023NOK 23.5bNOK 10.9b-NOK 944,703,684.0014.6x-24.9x2.2x
Mon, 20 Mar 2023NOK 23.4bNOK 10.9b-NOK 1,469,896,163.0030.3x-15.9x2.2x
Price to Earnings Ratio

-15.9x


Total Market Cap: NOK 23.4bTotal Earnings: -NOK 1,469,896,163.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 50.3x202420252026
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 21.6x which is lower than its 3-year average PE of 50.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
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 5.6% 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 Market1.92%
Tech-1.90%
Software0.55%
Application Software0.55%
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
PEXIP Pexip HoldingNOK 64.302.6%
+NOK 167.0m		59.4%PE27x
SMCRT SmartCraftNOK 17.553.2%
+NOK 88.1m		-33.3%PE33x
LINK LINK Mobility Group HoldingNOK 22.45-0.9%
NOK 32.1m		5.4%PE75.7x
AIX Ayfie InternationalNOK 4.271.9%
+NOK 2.0m		21.7%n/a

Latest News

LINK
NOK 22.45
LINK Mobility Group Holding
7D
-0.9%
1Y
5.4%

LINK: Future Cash Generation And M&A Pipeline Will Drive Upside Potential

Analysts have reset their price target for LINK Mobility Group Holding to NOK30.25 from NOK43.75, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. These revisions point to a more cautious outlook on the shares.
ELABS
NOK 2.99
Elliptic Laboratories
7D
-10.7%
1Y
-69.9%
AIX
NOK 4.27
Ayfie International
7D
1.9%
1Y
21.7%
PEXIP
NOK 64.30
Pexip Holding
7D
2.6%
1Y
59.4%

PEXIP: Future Outlook Will Emphasize Dividend Visibility And Margin Expansion Potential

Analysts have adjusted their price target for Pexip Holding to NOK 75.0 from NOK 75, citing updated assumptions around slightly higher long term revenue growth, improved profit margins and a modestly lower future P/E multiple. What's in the News Pexip Holding ASA announced an annual dividend of NOK 3.0000 per share, with payment scheduled for April 28, 2026 (Key Developments).
SMCRT
NOK 17.55
SmartCraft
7D
3.2%
1Y
-33.3%

AI Workflow Adoption And New Markets Will Drive This Construction Software Specialist Forward

Catalysts About SmartCraft SmartCraft provides software solutions that help smaller construction and property management companies plan work, communicate and run projects more efficiently. What are the underlying business or industry changes driving this perspective?
INDCT
NOK 3.68
Induct
7D
-2.6%
1Y
-0.5%
RIVER
NOK 3.40
River Tech
7D
-7.6%
1Y
-79.6%
OTEC
NOK 16.90
Otello
7D
-4.0%
1Y
130.2%