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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.8%
  • 3M13.4%
  • 1Y34.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 4.0%, driven by a pullback from LINK Mobility Group Holding of 3.0%. This takes the industry's 12 month performance to a gain of 33%. As for the next few years, earnings are expected to grow by 48% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026NOK 24.9bNOK 10.3bNOK 857.6m40.6x29x2.4x
Sun, 14 Dec 2025NOK 24.7bNOK 10.3bNOK 859.3m40.8x28.8x2.4x
Tue, 11 Nov 2025NOK 21.5bNOK 10.2bNOK 874.1m30.6x24.6x2.1x
Thu, 09 Oct 2025NOK 22.4bNOK 10.2bNOK 850.7m33.2x26.3x2.2x
Sat, 06 Sep 2025NOK 24.6bNOK 10.2bNOK 820.5m36.9x30x2.4x
Mon, 04 Aug 2025NOK 24.3bNOK 10.3bNOK 298.4m44.4x81.5x2.4x
Wed, 02 Jul 2025NOK 22.9bNOK 10.3bNOK 302.1m43.3x75.7x2.2x
Fri, 30 May 2025NOK 21.0bNOK 10.3bNOK 295.3m41.3x71x2x
Sun, 27 Apr 2025NOK 18.6bNOK 10.2bNOK 320.4m37.1x58.2x1.8x
Tue, 25 Mar 2025NOK 18.4bNOK 10.2bNOK 329.4m36.4x55.7x1.8x
Thu, 20 Feb 2025NOK 19.0bNOK 10.1bNOK 235.2m38.3x80.6x1.9x
Sat, 18 Jan 2025NOK 18.8bNOK 10.0bNOK 321.1m29x58.5x1.9x
Mon, 16 Dec 2024NOK 20.0bNOK 10.0bNOK 326.8m30.9x61.3x2x
Wed, 13 Nov 2024NOK 19.3bNOK 9.9bNOK 254.2m16.6x75.7x1.9x
Fri, 11 Oct 2024NOK 25.7bNOK 11.4bNOK 290.6m33.1x88.4x2.3x
Sun, 08 Sep 2024NOK 24.8bNOK 11.4bNOK 280.2m32.8x88.4x2.2x
Tue, 06 Aug 2024NOK 22.5bNOK 11.0bNOK 465.7m17.2x48.2x2x
Thu, 04 Jul 2024NOK 22.0bNOK 11.0bNOK 458.6m19x47.9x2x
Sat, 01 Jun 2024NOK 23.1bNOK 11.0bNOK 443.6m19.4x52.1x2.1x
Mon, 29 Apr 2024NOK 20.5bNOK 10.6bNOK 67.6m25.1x303x1.9x
Wed, 27 Mar 2024NOK 21.4bNOK 10.5bNOK 74.9m23.6x286.3x2x
Fri, 23 Feb 2024NOK 19.5bNOK 10.5bNOK 76.2m22.8x255.4x1.8x
Sun, 21 Jan 2024NOK 28.2bNOK 12.4b-NOK 731,085,626.0015.5x-38.6x2.3x
Tue, 19 Dec 2023NOK 27.9bNOK 12.4b-NOK 730,290,079.0016.1x-38.2x2.3x
Thu, 16 Nov 2023NOK 26.5bNOK 12.1b-NOK 646,277,179.0015.7x-41x2.2x
Sat, 14 Oct 2023NOK 25.3bNOK 12.0b-NOK 688,250,287.0014.5x-36.7x2.1x
Mon, 11 Sep 2023NOK 26.3bNOK 12.0b-NOK 681,816,388.0012.9x-38.6x2.2x
Wed, 09 Aug 2023NOK 25.8bNOK 11.3b-NOK 861,973,825.009.8x-29.9x2.3x
Fri, 07 Jul 2023NOK 25.2bNOK 11.3b-NOK 878,588,670.009.2x-28.7x2.2x
Sun, 04 Jun 2023NOK 25.2bNOK 11.3b-NOK 947,525,095.009.8x-26.6x2.2x
Tue, 02 May 2023NOK 23.5bNOK 10.9b-NOK 922,269,057.0010.3x-25.5x2.2x
Thu, 30 Mar 2023NOK 23.5bNOK 10.9b-NOK 1,449,700,784.0031.9x-16.2x2.2x
Sat, 25 Feb 2023NOK 25.0bNOK 10.9b-NOK 1,416,375,864.0037.1x-17.6x2.3x
Mon, 23 Jan 2023NOK 25.9bNOK 10.5b-NOK 923,728,732.0028.6x-28x2.5x
Price to Earnings Ratio

-28x


Total Market Cap: NOK 25.9bTotal Earnings: -NOK 923,728,732.00Total Revenue: NOK 10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 47.9x202420252026
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 28.9x 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 Market2.68%
Tech0.40%
Software-1.85%
Application Software-1.85%
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
INDCT InductNOK 4.482.3%
+NOK 3.1m		-7.4%PS8.9x
SPIR Spir GroupNOK 8.460.2%
+NOK 2.7m		1.4%PE390.5x
ELABS Elliptic LaboratoriesNOK 5.820.3%
+NOK 2.1m		-45.5%PS4.3x

Latest News

SMCRT
NOK 25.30
SmartCraft
7D
-1.6%
1Y
-8.0%
LINK
NOK 33.60
LINK Mobility Group Holding
7D
-3.0%
1Y
52.7%

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 5.82
Elliptic Laboratories
7D
0.3%
1Y
-45.5%

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 3.90
River Tech
7D
-7.1%
1Y
-77.5%
SPIR
NOK 8.46
Spir Group
7D
0.2%
1Y
1.4%
PEXIP
NOK 75.00
Pexip Holding
7D
-0.7%
1Y
79.9%

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
-3.6%
1Y
124.0%
AIX
NOK 3.41
Ayfie International
7D
-2.3%
1Y
-2.8%
INDCT
NOK 4.48
Induct
7D
2.3%
1Y
-7.4%