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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies10
  • 7D-13.0%
  • 3M-0.09%
  • 1Y10.5%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 14%, driven by a pullback from LINK Mobility Group Holding of 24%. In the past year, the industry has gained 8.9%. Earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026NOK 21.3bNOK 10.3bNOK 837.8m34.8x25.4x2.1x
Mon, 05 Jan 2026NOK 24.9bNOK 10.3bNOK 856.1m40.3x29.1x2.4x
Wed, 03 Dec 2025NOK 22.0bNOK 10.3bNOK 859.8m34.5x25.5x2.1x
Fri, 31 Oct 2025NOK 22.4bNOK 10.2bNOK 854.3m32.4x26.3x2.2x
Sun, 28 Sep 2025NOK 22.7bNOK 10.2bNOK 850.8m35.2x26.7x2.2x
Tue, 26 Aug 2025NOK 24.3bNOK 10.2bNOK 839.6m36.2x28.9x2.4x
Thu, 24 Jul 2025NOK 23.9bNOK 10.3bNOK 301.7m44.9x79.1x2.3x
Sat, 21 Jun 2025NOK 22.1bNOK 10.3bNOK 300.0m43.9x73.7x2.2x
Mon, 19 May 2025NOK 20.8bNOK 10.3bNOK 299.5m41.1x69.4x2x
Wed, 16 Apr 2025NOK 18.2bNOK 10.2bNOK 334.3m35.8x54.6x1.8x
Fri, 14 Mar 2025NOK 18.0bNOK 10.2bNOK 328.2m35.7x54.7x1.8x
Sun, 09 Feb 2025NOK 19.2bNOK 10.0bNOK 323.9m29.9x59.3x1.9x
Tue, 07 Jan 2025NOK 19.7bNOK 10.0bNOK 324.1m28.8x60.7x2x
Thu, 05 Dec 2024NOK 19.7bNOK 10.0bNOK 317.8m29.5x61.9x2x
Sat, 02 Nov 2024NOK 26.6bNOK 11.4bNOK 284.9m33.8x93.5x2.3x
Mon, 30 Sep 2024NOK 25.6bNOK 11.4bNOK 296.0m33.4x86.5x2.2x
Wed, 28 Aug 2024NOK 24.3bNOK 11.4bNOK 295.9m30.3x82.2x2.1x
Fri, 26 Jul 2024NOK 23.5bNOK 11.0bNOK 464.5m18.8x50.6x2.1x
Sun, 23 Jun 2024NOK 21.8bNOK 11.0bNOK 459.2m19.3x47.6x2x
Tue, 21 May 2024NOK 22.5bNOK 11.0bNOK 445.5m19.6x50.4x2x
Thu, 18 Apr 2024NOK 20.0bNOK 10.6bNOK 59.6m23.5x334.8x1.9x
Sat, 16 Mar 2024NOK 20.1bNOK 10.5bNOK 77.8m23.3x258.3x1.9x
Mon, 12 Feb 2024NOK 19.7bNOK 10.5bNOK 25.1m25.2x784x1.9x
Wed, 10 Jan 2024NOK 28.6bNOK 12.4b-NOK 729,837,245.0015.7x-39.2x2.3x
Fri, 08 Dec 2023NOK 27.1bNOK 12.4b-NOK 743,587,992.0015.4x-36.5x2.2x
Sun, 05 Nov 2023NOK 25.1bNOK 12.1b-NOK 660,535,553.0015.3x-38x2.1x
Tue, 03 Oct 2023NOK 25.6bNOK 12.0b-NOK 687,217,083.0016.7x-37.2x2.1x
Thu, 31 Aug 2023NOK 25.5bNOK 12.0b-NOK 684,780,250.0013.2x-37.2x2.1x
Sat, 29 Jul 2023NOK 26.7bNOK 11.3b-NOK 859,715,918.009.6x-31x2.4x
Mon, 26 Jun 2023NOK 25.1bNOK 11.3b-NOK 879,145,721.009.9x-28.6x2.2x
Wed, 24 May 2023NOK 25.4bNOK 11.3b-NOK 960,123,373.009.6x-26.5x2.2x
Fri, 21 Apr 2023NOK 23.6bNOK 10.9b-NOK 1,467,773,540.0031.3x-16.1x2.2x
Sun, 19 Mar 2023NOK 23.4bNOK 10.9b-NOK 1,469,896,163.0030.3x-15.9x2.2x
Tue, 14 Feb 2023NOK 26.1bNOK 10.5b-NOK 955,421,686.0026.5x-27.3x2.5x
Price to Earnings Ratio

-27.3x


Total Market Cap: NOK 26.1bTotal Earnings: -NOK 955,421,686.00Total Revenue: NOK 10.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 49x202420252026
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 25.1x which is lower than its 3-year average PE of 49.0x.
  • 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 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 Market2.65%
Tech1.38%
Software-13.01%
Application Software-13.01%
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
RIVER River TechNOK 4.285.9%
+NOK 4.9m		-76.6%PE1.3x
SPIR Spir GroupNOK 8.520.2%
+NOK 2.7m		-2.7%PE393.3x

Latest News

LINK
NOK 26.05
LINK Mobility Group Holding
7D
-22.4%
1Y
14.5%

LINK Mobility Group Holding ASA (OB:LINK) Stocks Pounded By 26% But Not Lagging Market On Growth Or Pricing

Feb 07
LINK Mobility Group Holding ASA (OB:LINK) Stocks Pounded By 26% But Not Lagging Market On Growth Or Pricing
ELABS
NOK 4.38
Elliptic Laboratories
7D
-10.0%
1Y
-57.8%

ELABS: New Smartphone Licensing Wins Will Support Future Upside Potential

Analysts have maintained their price target for Elliptic Laboratories at €13.0. Their updated assumptions reflect a slightly higher discount rate and a small adjustment to the future P/E multiple, while revenue growth and profit margin expectations remain unchanged. What's in the News Elliptic Labs shipped its AI Virtual Smart Sensor Platform on seven smartphone models in December 2025, including five models from Vivo and two from HONOR, contributing to a total of 65 smartphone models using its technology in 2025 (Key Developments).
PEXIP
NOK 73.20
Pexip Holding
7D
-5.3%
1Y
60.4%

PEXIP: Future Outlook Will Emphasize Fair Value Margins And Earnings Multiple

Analysts have adjusted their price target for Pexip Holding to reflect updated assumptions around slightly higher revenue growth, a lower profit margin profile, and a higher future P/E multiple. Valuation Changes Fair Value: Kept unchanged at 77.5, indicating no revision to the central value estimate.
SMCRT
NOK 18.85
SmartCraft
7D
-13.1%
1Y
-31.9%
RIVER
NOK 4.28
River Tech
7D
5.9%
1Y
-76.6%
SPIR
NOK 8.52
Spir Group
7D
0.2%
1Y
-2.7%
OTEC
NOK 17.25
Otello
7D
-5.5%
1Y
127.6%
AIX
NOK 4.03
Ayfie International
7D
-4.0%
1Y
1.3%
INDCT
NOK 4.08
Induct
7D
-4.2%
1Y
-15.7%