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Norwegian (OSEAX) Application Software Industry Analysis
UpdatedJun 08, 2025
DataAggregated Company Financials
Companies11
- 7D5.2%
- 3M22.7%
- 1Y26.8%
- YTDn/a
In the last week, the Application Software industry is up 5.2%, with SmartCraft up 13%. During this same period, the Induct underperformed, falling 5.3%. This means that the industry has gained 27% over the past year. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the Norwegian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Jun 2025 | NOK 21.9b | NOK 10.3b | NOK 295.7m | 42.9x | 74.2x | 2.1x |
| Tue, 06 May 2025 | NOK 19.0b | NOK 10.2b | NOK 320.6m | 37x | 59.1x | 1.9x |
| Thu, 03 Apr 2025 | NOK 17.8b | NOK 10.2b | NOK 330.8m | 35.5x | 53.9x | 1.8x |
| Sat, 01 Mar 2025 | NOK 19.0b | NOK 10.2b | NOK 313.1m | 38.1x | 60.6x | 1.9x |
| Mon, 27 Jan 2025 | NOK 19.0b | NOK 10.0b | NOK 326.1m | 28x | 58.2x | 1.9x |
| Wed, 25 Dec 2024 | NOK 19.5b | NOK 10.0b | NOK 322.9m | 29.3x | 60.5x | 2x |
| Fri, 22 Nov 2024 | NOK 18.8b | NOK 10.0b | NOK 314.2m | 28.4x | 59.9x | 1.9x |
| Sun, 20 Oct 2024 | NOK 25.8b | NOK 11.4b | NOK 287.1m | 33.1x | 89.9x | 2.3x |
| Tue, 17 Sep 2024 | NOK 25.3b | NOK 11.4b | NOK 282.6m | 32.9x | 89.4x | 2.2x |
| Thu, 15 Aug 2024 | NOK 23.6b | NOK 11.0b | NOK 463.0m | 19.6x | 50.9x | 2.1x |
| Sat, 13 Jul 2024 | NOK 23.7b | NOK 11.0b | NOK 461.3m | 18.5x | 51.4x | 2.2x |
| Mon, 10 Jun 2024 | NOK 21.7b | NOK 11.0b | NOK 461.5m | 18.8x | 47x | 2x |
| Wed, 08 May 2024 | NOK 22.0b | NOK 10.6b | NOK 178.9m | 43.3x | 123.2x | 2.1x |
| Fri, 05 Apr 2024 | NOK 21.4b | NOK 10.5b | NOK 74.8m | 23.6x | 285.6x | 2x |
| Sun, 03 Mar 2024 | NOK 19.9b | NOK 10.5b | NOK 76.4m | 23.8x | 260.1x | 1.9x |
| Tue, 30 Jan 2024 | NOK 28.8b | NOK 12.4b | -NOK 731,205,307.00 | 17.6x | -39.4x | 2.3x |
| Thu, 28 Dec 2023 | NOK 27.9b | NOK 12.4b | -NOK 726,646,951.00 | 15.7x | -38.3x | 2.3x |
| Sat, 25 Nov 2023 | NOK 26.5b | NOK 12.1b | -NOK 648,121,805.00 | 15.3x | -40.9x | 2.2x |
| Mon, 23 Oct 2023 | NOK 24.9b | NOK 12.0b | -NOK 688,255,436.00 | 14.6x | -36.1x | 2.1x |
| Wed, 20 Sep 2023 | NOK 25.5b | NOK 12.0b | -NOK 681,767,577.00 | 13.1x | -37.3x | 2.1x |
| Fri, 18 Aug 2023 | NOK 26.1b | NOK 11.4b | -NOK 800,955,724.00 | 11x | -32.5x | 2.3x |
| Sun, 16 Jul 2023 | NOK 24.9b | NOK 11.3b | -NOK 857,034,441.00 | 9x | -29.1x | 2.2x |
| Tue, 13 Jun 2023 | NOK 24.9b | NOK 11.3b | -NOK 944,645,939.00 | 10x | -26.3x | 2.2x |
| Thu, 11 May 2023 | NOK 24.7b | NOK 11.0b | -NOK 817,083,272.00 | 9.8x | -30.2x | 2.2x |
| Sat, 08 Apr 2023 | NOK 23.7b | NOK 10.9b | -NOK 1,463,327,463.00 | 32.8x | -16.2x | 2.2x |
| Mon, 06 Mar 2023 | NOK 25.2b | NOK 10.9b | -NOK 1,457,634,459.00 | 37x | -17.3x | 2.3x |
| Wed, 01 Feb 2023 | NOK 26.3b | NOK 10.5b | -NOK 930,021,877.00 | 27.6x | -28.2x | 2.5x |
| Fri, 30 Dec 2022 | NOK 25.1b | NOK 10.5b | -NOK 925,512,852.00 | 26.2x | -27.1x | 2.4x |
| Sun, 27 Nov 2022 | NOK 25.1b | NOK 10.5b | -NOK 914,112,071.00 | 25.6x | -27.4x | 2.4x |
| Tue, 25 Oct 2022 | NOK 23.6b | NOK 10.2b | -NOK 1,092,102,841.00 | 38.9x | -21.6x | 2.3x |
| Thu, 22 Sep 2022 | NOK 24.5b | NOK 9.9b | -NOK 1,066,885,583.00 | 32.6x | -22.9x | 2.5x |
| Sat, 20 Aug 2022 | NOK 24.1b | NOK 9.7b | -NOK 1,078,036,545.00 | 60.3x | -22.3x | 2.5x |
| Mon, 18 Jul 2022 | NOK 25.8b | NOK 9.5b | -NOK 1,319,119,892.00 | 74x | -19.6x | 2.7x |
| Wed, 15 Jun 2022 | NOK 23.1b | NOK 9.5b | -NOK 736,165,003.00 | 74x | -31.4x | 2.4x |
Price to Earnings Ratio
-31.4x
Current Industry PE
- Investors are optimistic on the Norwegian Application Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 74.2x which is higher than its 3-year average PE of 33.7x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
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 grown 2.7% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Application Software compare with similar industries?
| NO Market | 1.63% | |
| Tech | 3.14% | |
| Software | 2.48% | |
| Application Software | 5.17% | |
| Systems Software | -1.97% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SMCRT SmartCraft | NOK 26.00 | 13.0% +NOK 498.1m | -6.5% | PE44.9x | |
| ELABS Elliptic Laboratories | NOK 13.68 | 22.8% +NOK 267.4m | 9.4% | PS10.6x | |
| PEXIP Pexip Holding | NOK 61.20 | 2.9% +NOK 173.1m | 107.1% | PE44.9x | |
| OTEC Otello | NOK 11.50 | 8.0% +NOK 67.0m | 50.9% | PB1.1x | |
| SPIR Spir Group | NOK 9.58 | 5.3% +NOK 63.8m | 18.9% | PE33.7x |