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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.6%
  • 3M13.6%
  • 1Y32.3%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.6%, driven by LINK Mobility Group Holding declining 2.7%. In the past year, the industry has gained 32%. Looking forward, earnings are forecast to grow by 49% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026NOK 24.9bNOK 10.3bNOK 856.8m40.6x29.1x2.4x
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
Sat, 01 Apr 2023NOK 23.8bNOK 10.9b-NOK 1,454,711,185.0033.2x-16.4x2.2x
Mon, 27 Feb 2023NOK 25.0bNOK 10.9b-NOK 1,416,361,516.0037.1x-17.6x2.3x
Wed, 25 Jan 2023NOK 26.1bNOK 10.5b-NOK 923,678,858.0027.6x-28.2x2.5x
Price to Earnings Ratio

-28.2x


Total Market Cap: NOK 26.1bTotal Earnings: -NOK 923,678,858.00Total Revenue: NOK 10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 48x202420252026
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 29.1x which is lower than its 3-year average PE of 47.9x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.4x.
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 Market3.05%
Tech-0.079%
Software-1.63%
Application Software-1.63%
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 75.900.4%
+NOK 30.7m		80.7%PE39.8x
AIX Ayfie InternationalNOK 3.461.8%
+NOK 1.5m		-6.5%n/a

Latest News

SMCRT
NOK 25.00
SmartCraft
7D
-2.7%
1Y
-12.6%
LINK
NOK 33.65
LINK Mobility Group Holding
7D
-2.7%
1Y
51.6%

Is LINK Mobility Group Holding (OB:LINK) Using Too Much Debt?

Jan 15
Is LINK Mobility Group Holding (OB:LINK) Using Too Much Debt?
ELABS
NOK 5.79
Elliptic Laboratories
7D
-1.4%
1Y
-45.2%

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 4.12
River Tech
7D
-1.9%
1Y
-76.2%
PEXIP
NOK 75.90
Pexip Holding
7D
0.4%
1Y
80.7%

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.
OTEC
NOK 17.25
Otello
7D
-3.1%
1Y
124.0%
AIX
NOK 3.46
Ayfie International
7D
1.8%
1Y
-6.5%
INDCT
NOK 4.40
Induct
7D
-4.8%
1Y
-9.5%