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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.4%
  • 3M-18.2%
  • 1Y-4.5%
  • YTDn/a

Last week, the Application Software industry hasn't moved much but LINK Mobility Group Holding is up 4.5% in that time. Unfortunately though, the industry is down 4.7% over the past 12 months. Looking forward, earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026NOK 18.2bNOK 10.1bNOK 930.5m25.4x19.5x1.8x
Sat, 24 Jan 2026NOK 25.1bNOK 10.3bNOK 844.3m40.8x29.8x2.4x
Mon, 22 Dec 2025NOK 24.7bNOK 10.3bNOK 859.5m40.2x28.8x2.4x
Wed, 19 Nov 2025NOK 20.6bNOK 10.3bNOK 847.8m33.3x24.3x2x
Fri, 17 Oct 2025NOK 22.5bNOK 10.2bNOK 855.4m33.4x26.3x2.2x
Sun, 14 Sep 2025NOK 24.0bNOK 10.2bNOK 804.4m36.9x29.9x2.3x
Tue, 12 Aug 2025NOK 24.2bNOK 10.3bNOK 298.8m42.4x81.1x2.4x
Thu, 10 Jul 2025NOK 23.0bNOK 10.3bNOK 301.5m43.4x76.2x2.2x
Sat, 07 Jun 2025NOK 21.9bNOK 10.3bNOK 295.7m42.9x74.2x2.1x
Mon, 05 May 2025NOK 19.2bNOK 10.2bNOK 320.3m39x59.9x1.9x
Wed, 02 Apr 2025NOK 18.0bNOK 10.2bNOK 329.8m35.8x54.5x1.8x
Fri, 28 Feb 2025NOK 19.0bNOK 10.1bNOK 282.3m37.3x67.2x1.9x
Sun, 26 Jan 2025NOK 19.0bNOK 10.0bNOK 326.1m28x58.2x1.9x
Tue, 24 Dec 2024NOK 19.5bNOK 10.0bNOK 322.9m29.3x60.5x2x
Thu, 21 Nov 2024NOK 18.8bNOK 10.0bNOK 314.5m28.4x59.6x1.9x
Sat, 19 Oct 2024NOK 25.8bNOK 11.4bNOK 287.1m33.1x89.9x2.3x
Mon, 16 Sep 2024NOK 24.9bNOK 11.4bNOK 281.1m31.2x88.6x2.2x
Wed, 14 Aug 2024NOK 23.6bNOK 11.0bNOK 462.9m19.1x51x2.1x
Fri, 12 Jul 2024NOK 23.6bNOK 11.0bNOK 460.9m18.5x51.1x2.1x
Sun, 09 Jun 2024NOK 21.7bNOK 11.0bNOK 461.5m18.8x47x2x
Tue, 07 May 2024NOK 22.2bNOK 10.6bNOK 153.5m44.2x144.5x2.1x
Thu, 04 Apr 2024NOK 21.7bNOK 10.5bNOK 74.6m24x291.2x2.1x
Sat, 02 Mar 2024NOK 19.9bNOK 10.5bNOK 76.4m23.8x260.1x1.9x
Mon, 29 Jan 2024NOK 29.0bNOK 12.4b-NOK 730,939,897.0017.6x-39.7x2.3x
Wed, 27 Dec 2023NOK 28.1bNOK 12.4b-NOK 728,303,262.0015.7x-38.5x2.3x
Fri, 24 Nov 2023NOK 26.5bNOK 12.1b-NOK 649,367,600.0015.3x-40.8x2.2x
Sun, 22 Oct 2023NOK 24.9bNOK 12.0b-NOK 688,255,436.0014.6x-36.1x2.1x
Tue, 19 Sep 2023NOK 25.4bNOK 12.0b-NOK 681,943,534.0013.3x-37.3x2.1x
Thu, 17 Aug 2023NOK 26.2bNOK 11.9b-NOK 854,862,036.0011x-30.6x2.2x
Sat, 15 Jul 2023NOK 24.9bNOK 11.3b-NOK 856,467,172.009.1x-29.1x2.2x
Mon, 12 Jun 2023NOK 24.9bNOK 11.3b-NOK 944,116,486.0010x-26.4x2.2x
Wed, 10 May 2023NOK 24.2bNOK 11.0b-NOK 817,259,806.009.8x-29.6x2.2x
Fri, 07 Apr 2023NOK 23.7bNOK 10.9b-NOK 1,452,475,535.0032.8x-16.3x2.2x
Sun, 05 Mar 2023NOK 25.2bNOK 10.9b-NOK 1,457,634,459.0037x-17.3x2.3x
Price to Earnings Ratio

-17.3x


Total Market Cap: NOK 25.2bTotal Earnings: -NOK 1,457,634,459.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 49.8x202420252026
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 19.8x which is lower than its 3-year average PE of 49.8x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
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 2.3% 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 Market1.25%
Tech2.09%
Software-2.39%
Application Software-2.39%
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
LINK LINK Mobility Group HoldingNOK 20.650.2%
+NOK 14.5m		-10.6%PE68.7x
SPIR Spir GroupNOK 8.540.7%
+NOK 8.0m		-15.4%PS1.2x
INDCT InductNOK 3.940.5%
+NOK 626.2k		-1.5%PS8.2x

Latest News

SPIR
NOK 8.54
Spir Group
7D
0.7%
1Y
-15.4%
PEXIP
NOK 60.50
Pexip Holding
7D
-4.4%
1Y
43.7%
LINK
NOK 20.65
LINK Mobility Group Holding
7D
0.2%
1Y
-10.6%

LINK: Cash Generation And Measured P/E Will Frame Balanced Return Potential

Analysts have revised their price target for LINK Mobility Group Holding from NOK 40 to NOK 21, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Management reports NOK 400 million in free cash flow, with CEO Thomas Berge highlighting strong cash conversion across the business as a support for ongoing capital allocation plans (Key Developments).
SMCRT
NOK 16.90
SmartCraft
7D
-2.6%
1Y
-39.4%
ELABS
NOK 4.36
Elliptic Laboratories
7D
-15.1%
1Y
-53.4%

ELABS: New Laptop And Smartphone Deals Will Support Future Upside

Analysts now set their price target for Elliptic Laboratories at NOK 13.00, in line with the prior NOK 13. This reflects updated model inputs around a slightly higher discount rate and unchanged assumptions for revenue growth, profit margin, and future P/E.
INDCT
NOK 3.94
Induct
7D
0.5%
1Y
-1.5%
RIVER
NOK 3.84
River Tech
7D
-12.3%
1Y
-78.4%
OTEC
NOK 17.75
Otello
7D
-0.3%
1Y
136.7%
AIX
NOK 4.39
Ayfie International
7D
-6.4%
1Y
8.4%