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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies11
  • 7D-5.1%
  • 3M7.4%
  • 1Y25.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 2.8%, driven by a pullback from LINK Mobility Group Holding of 8.0%. Meanwhile, SmartCraft actually outperformed within the industry, gaining 7.7% in the last week. In the past year, the industry has gained 28%. Looking forward, earnings are forecast to grow by 42% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025NOK 23.7bNOK 10.2bNOK 805.6m35.9x29.4x2.3x
Sun, 17 Aug 2025NOK 25.2bNOK 10.3bNOK 324.2m37.3x77.6x2.4x
Tue, 15 Jul 2025NOK 23.2bNOK 10.3bNOK 300.5m43x77.2x2.3x
Thu, 12 Jun 2025NOK 22.2bNOK 10.3bNOK 296.8m43.3x74.7x2.2x
Sat, 10 May 2025NOK 20.0bNOK 10.2bNOK 309.3m37.6x64.6x2x
Mon, 07 Apr 2025NOK 17.4bNOK 10.2bNOK 328.5m34.8x52.9x1.7x
Wed, 05 Mar 2025NOK 18.2bNOK 10.2bNOK 314.9m36x57.7x1.8x
Fri, 31 Jan 2025NOK 19.1bNOK 10.0bNOK 324.1m29.2x58.9x1.9x
Sun, 29 Dec 2024NOK 19.6bNOK 10.0bNOK 323.1m29.3x60.6x2x
Tue, 26 Nov 2024NOK 19.3bNOK 10.0bNOK 313.5m29x61.6x1.9x
Thu, 24 Oct 2024NOK 25.8bNOK 11.4bNOK 285.5m33x90.2x2.3x
Sat, 21 Sep 2024NOK 25.1bNOK 11.4bNOK 296.2m31.9x84.9x2.2x
Mon, 19 Aug 2024NOK 24.2bNOK 11.3bNOK 556.3m16.2x43.6x2.1x
Wed, 17 Jul 2024NOK 23.7bNOK 11.0bNOK 462.7m18.6x51.2x2.1x
Fri, 14 Jun 2024NOK 22.7bNOK 11.0bNOK 460.3m19.3x49.2x2.1x
Sun, 12 May 2024NOK 22.4bNOK 10.6bNOK 178.5m43.4x125.8x2.1x
Tue, 09 Apr 2024NOK 21.3bNOK 10.6bNOK 65.6m24.1x324.6x2x
Thu, 07 Mar 2024NOK 19.9bNOK 10.5bNOK 76.7m23.2x259.1x1.9x
Sat, 03 Feb 2024NOK 28.9bNOK 12.4b-NOK 728,844,082.0017.6x-39.6x2.3x
Mon, 01 Jan 2024NOK 28.2bNOK 12.4b-NOK 727,756,215.0015.7x-38.8x2.3x
Wed, 29 Nov 2023NOK 26.3bNOK 12.1b-NOK 660,595,058.0015.3x-39.8x2.2x
Fri, 27 Oct 2023NOK 24.6bNOK 12.0b-NOK 690,081,607.0015x-35.7x2x
Sun, 24 Sep 2023NOK 25.6bNOK 12.0b-NOK 685,458,205.0013.5x-37.3x2.1x
Tue, 22 Aug 2023NOK 25.7bNOK 12.0b-NOK 717,683,117.0011x-35.8x2.1x
Thu, 20 Jul 2023NOK 25.8bNOK 11.3b-NOK 857,236,981.009x-30.1x2.3x
Sat, 17 Jun 2023NOK 25.2bNOK 11.3b-NOK 940,335,256.0010.2x-26.8x2.2x
Mon, 15 May 2023NOK 24.5bNOK 11.3b-NOK 829,454,278.009.6x-29.5x2.2x
Wed, 12 Apr 2023NOK 23.7bNOK 10.9b-NOK 1,467,651,100.0033x-16.2x2.2x
Fri, 10 Mar 2023NOK 24.4bNOK 10.9b-NOK 1,470,372,566.0031.2x-16.6x2.2x
Sun, 05 Feb 2023NOK 26.7bNOK 10.5b-NOK 940,421,436.0025.3x-28.4x2.5x
Tue, 03 Jan 2023NOK 25.8bNOK 10.5b-NOK 925,649,991.0026.1x-27.9x2.5x
Thu, 01 Dec 2022NOK 24.8bNOK 10.5b-NOK 917,573,752.0025.6x-27x2.4x
Sat, 29 Oct 2022NOK 23.6bNOK 10.2b-NOK 1,078,540,637.0035.1x-21.9x2.3x
Mon, 26 Sep 2022NOK 23.9bNOK 9.9b-NOK 1,079,544,050.0031.9x-22.1x2.4x
Price to Earnings Ratio

-22.1x


Total Market Cap: NOK 23.9bTotal Earnings: -NOK 1,079,544,050.00Total Revenue: NOK 9.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 42.2x202320242025
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 30.1x which is lower than its 3-year average PE of 42.2x.
  • 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 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 Market0.40%
Tech0.66%
Software-5.05%
Application Software-5.05%
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
SMCRT SmartCraftNOK 27.907.7%
+NOK 331.2m		-3.5%PE47.3x
OTEC OtelloNOK 13.503.1%
+NOK 29.5m		63.0%PE2.5x
SPOT SpotlioNOK 0.1721.4%
+NOK 6.0m		-46.9%PS0.5x

Latest News

RIVER
NOK 5.05
River Tech
7D
-64.9%
1Y
-79.0%

Benign Growth For River Tech p.l.c. (OB:RIVER) Underpins Stock's 67% Plummet

Sep 19
Benign Growth For River Tech p.l.c. (OB:RIVER) Underpins Stock's 67% Plummet
SPIR
NOK 7.84
Spir Group
7D
-24.6%
1Y
8.3%

We Think Spir Group (OB:SPIR) Can Stay On Top Of Its Debt

Sep 13
We Think Spir Group (OB:SPIR) Can Stay On Top Of Its Debt
LINK
NOK 32.30
LINK Mobility Group Holding
7D
-8.0%
1Y
37.7%
PEXIP
NOK 63.30
Pexip Holding
7D
-3.1%
1Y
70.4%
SPOT
NOK 0.17
Spotlio
7D
21.4%
1Y
-46.9%
ELABS
NOK 9.50
Elliptic Laboratories
7D
-7.4%
1Y
-28.5%
SMCRT
NOK 27.90
SmartCraft
7D
7.7%
1Y
-3.5%

Earnings Miss: SmartCraft ASA Missed EPS By 6.4% And Analysts Are Revising Their Forecasts

Aug 29
Earnings Miss: SmartCraft ASA Missed EPS By 6.4% And Analysts Are Revising Their Forecasts
INDCT
NOK 3.36
Induct
7D
-3.4%
1Y
68.0%
AIX
NOK 5.00
Ayfie International
7D
-9.7%
1Y
18.2%
OTEC
NOK 13.50
Otello
7D
3.1%
1Y
63.0%