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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies9
  • 7D1.8%
  • 3M-25.7%
  • 1Y4.5%
  • YTDn/a

LINK Mobility Group Holding is up 2.3%, leading the way for the Application Software industry, which has gained 1.8%. This means that the industry has gained 4.5% over the past year. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026NOK 17.7bNOK 9.1bNOK 834.3m26.9x21.2x1.9x
Wed, 11 Feb 2026NOK 21.2bNOK 10.3bNOK 831.7m33.9x25.5x2.1x
Fri, 09 Jan 2026NOK 25.4bNOK 10.3bNOK 857.1m41.1x29.6x2.5x
Sun, 07 Dec 2025NOK 23.9bNOK 10.3bNOK 857.6m39.4x27.8x2.3x
Tue, 04 Nov 2025NOK 22.6bNOK 10.2bNOK 856.6m33.6x26.4x2.2x
Thu, 02 Oct 2025NOK 22.9bNOK 10.2bNOK 848.5m35x27x2.3x
Sat, 30 Aug 2025NOK 24.5bNOK 10.2bNOK 824.9m36.5x29.7x2.4x
Mon, 28 Jul 2025NOK 24.1bNOK 10.3bNOK 300.7m44.1x80.1x2.3x
Wed, 25 Jun 2025NOK 22.4bNOK 10.3bNOK 300.4m43.6x74.5x2.2x
Fri, 23 May 2025NOK 21.0bNOK 10.3bNOK 293.8m41.8x71.3x2x
Sun, 20 Apr 2025NOK 18.2bNOK 10.2bNOK 336.7m35.4x53.9x1.8x
Tue, 18 Mar 2025NOK 18.0bNOK 10.2bNOK 330.1m35.9x54.5x1.8x
Thu, 13 Feb 2025NOK 19.1bNOK 10.0bNOK 324.2m30.8x59x1.9x
Sat, 11 Jan 2025NOK 18.8bNOK 10.0bNOK 319.7m29.3x58.7x1.9x
Mon, 09 Dec 2024NOK 19.7bNOK 10.0bNOK 327.2m29.5x60.4x2x
Wed, 06 Nov 2024NOK 25.3bNOK 11.4bNOK 282.9m32.1x89.6x2.2x
Fri, 04 Oct 2024NOK 25.4bNOK 11.4bNOK 293.3m33.6x86.5x2.2x
Sun, 01 Sep 2024NOK 25.3bNOK 11.4bNOK 281.8m32.8x89.6x2.2x
Tue, 30 Jul 2024NOK 23.8bNOK 11.0bNOK 464.0m19.2x51.4x2.2x
Thu, 27 Jun 2024NOK 21.7bNOK 11.0bNOK 460.1m19.1x47.1x2x
Sat, 25 May 2024NOK 22.4bNOK 11.0bNOK 444.5m19.6x50.3x2x
Mon, 22 Apr 2024NOK 20.0bNOK 10.6bNOK 60.4m23.8x330.7x1.9x
Wed, 20 Mar 2024NOK 20.2bNOK 10.5bNOK 77.8m23x259.3x1.9x
Fri, 16 Feb 2024NOK 19.9bNOK 10.5bNOK 49.5m21.5x402x1.9x
Sun, 14 Jan 2024NOK 28.3bNOK 12.4b-NOK 729,306,027.0015.7x-38.8x2.3x
Tue, 12 Dec 2023NOK 27.5bNOK 12.4b-NOK 737,208,264.0015.5x-37.3x2.2x
Thu, 09 Nov 2023NOK 25.9bNOK 12.0b-NOK 683,159,669.0014.5x-37.9x2.1x
Sat, 07 Oct 2023NOK 24.9bNOK 12.0b-NOK 687,085,970.0015.5x-36.3x2.1x
Mon, 04 Sep 2023NOK 26.2bNOK 12.0b-NOK 681,197,731.0013.2x-38.5x2.2x
Wed, 02 Aug 2023NOK 26.2bNOK 11.3b-NOK 860,940,997.009.6x-30.4x2.3x
Fri, 30 Jun 2023NOK 24.8bNOK 11.3b-NOK 878,954,045.0010.3x-28.2x2.2x
Sun, 28 May 2023NOK 24.9bNOK 11.3b-NOK 963,085,676.009.6x-25.8x2.2x
Tue, 25 Apr 2023NOK 23.4bNOK 10.9b-NOK 944,255,529.0014.6x-24.8x2.1x
Thu, 23 Mar 2023NOK 23.4bNOK 10.9b-NOK 1,457,334,535.0032.3x-16.1x2.2x
Price to Earnings Ratio

-16.1x


Total Market Cap: NOK 23.4bTotal Earnings: -NOK 1,457,334,535.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 50.4x202420252026
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 21.2x which is lower than its 3-year average PE of 50.4x.
  • 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 Market2.23%
Tech0.75%
Software1.82%
Application Software1.82%
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 63.202.4%
+NOK 156.6m		54.1%PE26.6x
LINK LINK Mobility Group HoldingNOK 21.650%
NOK 86.9m		-0.2%PE73x
SMCRT SmartCraftNOK 17.452.6%
+NOK 72.1m		-31.8%PE32.8x
ELABS Elliptic LaboratoriesNOK 2.96-2.0%
NOK 24.8m		-69.1%PS3.4x
AIX Ayfie InternationalNOK 4.408.6%
+NOK 8.8m		16.1%n/a

Latest News

RIVER
NOK 1.68
River Tech
7D
-49.1%
1Y
-90.0%
SMCRT
NOK 17.45
SmartCraft
7D
2.6%
1Y
-31.8%

SMCRT: New CFO Appointment And Segment Shift Will Support Future Upside

Analysts have kept their SmartCraft fair value estimate steady at NOK 21.25, citing largely unchanged assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their price target. What's in the News SmartCraft has appointed Tobias Lindquist as its new Chief Financial Officer, effective 1 July 2026, following an extensive search process (Key Developments).
LINK
NOK 21.65
LINK Mobility Group Holding
7D
0%
1Y
-0.2%

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 2.96
Elliptic Laboratories
7D
-2.0%
1Y
-69.1%
AIX
NOK 4.40
Ayfie International
7D
8.6%
1Y
16.1%
PEXIP
NOK 63.20
Pexip Holding
7D
2.4%
1Y
54.1%

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).
OTEC
NOK 16.80
Otello
7D
-2.6%
1Y
125.8%