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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.6%
  • 3M8.2%
  • 1Y26.1%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.5%, driven by a pullback from SmartCraft of 8.5%. In the past year, the industry has gained 25%. Earnings are forecast to grow by 39% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026NOK 24.5bNOK 10.3bNOK 834.6m38.2x29.3x2.4x
Mon, 29 Dec 2025NOK 24.8bNOK 10.3bNOK 853.7m40.4x29.1x2.4x
Wed, 26 Nov 2025NOK 21.0bNOK 10.3bNOK 863.8m34.2x24.3x2x
Fri, 24 Oct 2025NOK 22.1bNOK 10.2bNOK 850.7m32.9x25.9x2.2x
Sun, 21 Sep 2025NOK 23.8bNOK 10.2bNOK 849.8m36.6x28x2.3x
Tue, 19 Aug 2025NOK 25.2bNOK 10.3bNOK 324.0m37.7x77.9x2.5x
Thu, 17 Jul 2025NOK 23.8bNOK 10.3bNOK 299.0m45.6x79.5x2.3x
Sat, 14 Jun 2025NOK 22.0bNOK 10.3bNOK 299.5m43.6x73.3x2.1x
Mon, 12 May 2025NOK 20.0bNOK 10.2bNOK 309.3m37.6x64.6x2x
Wed, 09 Apr 2025NOK 17.5bNOK 10.2bNOK 326.5m34.1x53.5x1.7x
Fri, 07 Mar 2025NOK 18.0bNOK 10.2bNOK 326.2m37.2x55.2x1.8x
Sun, 02 Feb 2025NOK 19.3bNOK 10.0bNOK 323.2m29.6x59.9x1.9x
Tue, 31 Dec 2024NOK 19.3bNOK 10.0bNOK 322.8m29.2x59.9x1.9x
Thu, 28 Nov 2024NOK 19.1bNOK 10.0bNOK 315.1m29.2x60.8x1.9x
Sat, 26 Oct 2024NOK 25.9bNOK 11.4bNOK 286.4m32x90.4x2.3x
Mon, 23 Sep 2024NOK 25.1bNOK 11.4bNOK 296.2m31.9x84.9x2.2x
Wed, 21 Aug 2024NOK 24.1bNOK 11.3bNOK 555.5m15.3x43.3x2.1x
Fri, 19 Jul 2024NOK 23.6bNOK 11.0bNOK 462.9m18.4x51.1x2.1x
Sun, 16 Jun 2024NOK 22.1bNOK 11.0bNOK 460.3m18.7x48x2x
Tue, 14 May 2024NOK 22.4bNOK 11.0bNOK 452.9m19.4x49.5x2x
Thu, 11 Apr 2024NOK 20.9bNOK 10.6bNOK 65.8m22.8x317.7x2x
Sat, 09 Mar 2024NOK 19.8bNOK 10.5bNOK 76.4m23.6x259.5x1.9x
Mon, 05 Feb 2024NOK 28.9bNOK 12.4b-NOK 728,844,082.0017.6x-39.6x2.3x
Wed, 03 Jan 2024NOK 28.2bNOK 12.4b-NOK 729,483,621.0015.9x-38.6x2.3x
Fri, 01 Dec 2023NOK 26.6bNOK 12.4b-NOK 747,422,187.0015.4x-35.6x2.2x
Sun, 29 Oct 2023NOK 24.6bNOK 12.0b-NOK 689,374,741.0014.6x-35.7x2x
Tue, 26 Sep 2023NOK 25.3bNOK 12.0b-NOK 686,193,296.0014.6x-36.9x2.1x
Thu, 24 Aug 2023NOK 25.4bNOK 12.0b-NOK 717,962,164.0013.3x-35.4x2.1x
Sat, 22 Jul 2023NOK 25.9bNOK 11.3b-NOK 858,222,452.009.6x-30.2x2.3x
Mon, 19 Jun 2023NOK 25.2bNOK 11.3b-NOK 940,117,969.0010.2x-26.8x2.2x
Wed, 17 May 2023NOK 25.1bNOK 11.3b-NOK 829,382,945.009.3x-30.3x2.2x
Fri, 14 Apr 2023NOK 24.0bNOK 10.9b-NOK 1,452,913,106.0032.8x-16.5x2.2x
Sun, 12 Mar 2023NOK 24.1bNOK 10.9b-NOK 1,469,672,522.0030.9x-16.4x2.2x
Tue, 07 Feb 2023NOK 27.0bNOK 10.5b-NOK 947,029,895.0026.6x-28.5x2.6x
Price to Earnings Ratio

-28.5x


Total Market Cap: NOK 27.0bTotal Earnings: -NOK 947,029,895.00Total Revenue: NOK 10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 48.6x202420252026
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 29.4x which is lower than its 3-year average PE of 48.6x.
  • 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 Market1.36%
Tech-1.87%
Software-2.56%
Application Software-2.56%
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 77.300.5%
+NOK 41.0m		66.6%PE40.5x
AIX Ayfie InternationalNOK 4.205.0%
+NOK 5.0m		12.3%n/a

Latest News

ELABS
NOK 4.87
Elliptic Laboratories
7D
-10.1%
1Y
-57.2%

Elliptic Laboratories ASA (OB:ELABS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jan 30
Elliptic Laboratories ASA (OB:ELABS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
LINK
NOK 33.55
LINK Mobility Group Holding
7D
-0.9%
1Y
43.4%

LINK: Steady Fair Value And Higher Margins Will Support Future Upside

Analysts have maintained their fair value estimate for LINK Mobility Group Holding at €40.00. This unchanged target reflects slight adjustments to assumptions on the discount rate, revenue growth, profit margin, and future P/E ratio.
PEXIP
NOK 77.30
Pexip Holding
7D
0.5%
1Y
66.6%

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

Analysts have kept their price target for Pexip Holding steady, citing only marginal tweaks to inputs such as the discount rate, revenue growth assumptions, profit margin outlook, and future P/E that together do not materially shift their view on fair value at about $77.50. Valuation Changes Fair Value: Kept unchanged at NOK 77.50 per share, indicating no alteration to the overall valuation anchor.
SMCRT
NOK 21.70
SmartCraft
7D
-12.9%
1Y
-18.1%
RIVER
NOK 4.04
River Tech
7D
-6.0%
1Y
-77.9%
OTEC
NOK 18.25
Otello
7D
-0.8%
1Y
140.8%
AIX
NOK 4.20
Ayfie International
7D
5.0%
1Y
12.3%
INDCT
NOK 4.26
Induct
7D
-2.7%
1Y
-17.3%