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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies8
  • 7D1.1%
  • 3M-24.6%
  • 1Y22.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 1.1%, driven by gains in LINK Mobility Group Holding and Otello of 1.7% and 7.5%, respectively. In the last 12 months, the industry was up 22%. Looking forward, earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026NOK 15.0bNOK 8.6bNOK 695.9m16.7x21.6x1.7x
Tue, 10 Mar 2026NOK 18.4bNOK 10.1bNOK 800.3m25.9x23x1.8x
Thu, 05 Feb 2026NOK 21.3bNOK 10.3bNOK 838.9m35.6x25.4x2.1x
Sat, 03 Jan 2026NOK 24.9bNOK 10.3bNOK 855.6m40.3x29.1x2.4x
Mon, 01 Dec 2025NOK 22.2bNOK 10.3bNOK 858.0m35.4x25.8x2.2x
Wed, 29 Oct 2025NOK 22.8bNOK 10.2bNOK 851.1m32.9x26.7x2.2x
Fri, 26 Sep 2025NOK 22.9bNOK 10.2bNOK 854.1m35.6x26.8x2.2x
Sun, 24 Aug 2025NOK 24.3bNOK 10.2bNOK 836.5m36.6x29.1x2.4x
Tue, 22 Jul 2025NOK 23.5bNOK 10.3bNOK 300.4m44.9x78.3x2.3x
Thu, 19 Jun 2025NOK 22.5bNOK 10.3bNOK 297.9m45.1x75.6x2.2x
Sat, 17 May 2025NOK 20.8bNOK 10.3bNOK 299.5m41.1x69.4x2x
Mon, 14 Apr 2025NOK 17.5bNOK 10.2bNOK 334.7m34.5x52.3x1.7x
Wed, 12 Mar 2025NOK 18.0bNOK 10.2bNOK 329.1m36.2x54.6x1.8x
Fri, 07 Feb 2025NOK 19.3bNOK 10.0bNOK 324.5m30x59.5x1.9x
Sun, 05 Jan 2025NOK 19.6bNOK 10.0bNOK 322.1m28.9x60.9x2x
Tue, 03 Dec 2024NOK 19.3bNOK 10.0bNOK 316.0m29.6x60.9x1.9x
Thu, 31 Oct 2024NOK 26.1bNOK 11.4bNOK 286.5m32.4x91.1x2.3x
Sat, 28 Sep 2024NOK 25.6bNOK 11.4bNOK 296.0m33.4x86.5x2.2x
Mon, 26 Aug 2024NOK 24.5bNOK 11.4bNOK 295.8m30.7x82.9x2.2x
Wed, 24 Jul 2024NOK 23.7bNOK 11.0bNOK 464.4m19.2x51.1x2.1x
Fri, 21 Jun 2024NOK 21.9bNOK 11.0bNOK 459.1m19.4x47.7x2x
Sun, 19 May 2024NOK 22.5bNOK 11.0bNOK 445.6m19.6x50.4x2x
Tue, 16 Apr 2024NOK 20.3bNOK 10.6bNOK 58.8m23.6x345.1x1.9x
Thu, 14 Mar 2024NOK 20.2bNOK 10.5bNOK 77.0m23.2x262.7x1.9x
Sat, 10 Feb 2024NOK 19.7bNOK 10.4bNOK 32.1m25.2x612.2x1.9x
Mon, 08 Jan 2024NOK 28.0bNOK 12.4b-NOK 729,495,121.0015.5x-38.4x2.3x
Wed, 06 Dec 2023NOK 27.1bNOK 12.4b-NOK 749,660,334.0015.6x-36.1x2.2x
Fri, 03 Nov 2023NOK 25.0bNOK 12.0b-NOK 683,770,883.0014.6x-36.5x2.1x
Sun, 01 Oct 2023NOK 25.6bNOK 12.0b-NOK 685,599,542.0014.9x-37.3x2.1x
Tue, 29 Aug 2023NOK 25.4bNOK 12.0b-NOK 686,516,074.0013.2x-36.9x2.1x
Thu, 27 Jul 2023NOK 26.6bNOK 11.3b-NOK 858,935,001.009x-31x2.3x
Sat, 24 Jun 2023NOK 25.1bNOK 11.3b-NOK 880,839,321.0010.1x-28.5x2.2x
Mon, 22 May 2023NOK 25.1bNOK 11.3b-NOK 959,054,540.009.2x-26.1x2.2x
Wed, 19 Apr 2023NOK 23.9bNOK 10.9b-NOK 1,462,312,995.0031.4x-16.3x2.2x
Price to Earnings Ratio

-16.3x


Total Market Cap: NOK 23.9bTotal Earnings: -NOK 1,462,312,995.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 51.3x202420252026
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 21.6x which is lower than its 3-year average PE of 51.3x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.7x.
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 7.6% 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 Market-0.88%
Tech4.87%
Software1.07%
Application Software1.07%
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 22.881.7%
+NOK 110.0m		9.2%PE76x
OTEC OtelloNOK 20.107.5%
+NOK 97.1m		133.2%PE2.9x
ELABS Elliptic LaboratoriesNOK 3.167.1%
+NOK 26.5m		-65.0%PS3.9x
AIX Ayfie InternationalNOK 4.356.9%
+NOK 7.0m		36.4%n/a

Latest News

ELABS
NOK 3.16
Elliptic Laboratories
7D
7.1%
1Y
-65.0%
INDCT
NOK 2.94
Induct
7D
-8.7%
1Y
-24.6%
LINK
NOK 22.88
LINK Mobility Group Holding
7D
1.7%
1Y
9.2%

LINK: Future Cash Generation And Accretive M&A Will Support Upside Potential

Analysts have reiterated their NOK 30.25 price target for LINK Mobility Group Holding, with only minor tweaks to assumptions such as the discount rate and future P/E underpinning the unchanged fair value view. What's in the News Management highlights NOK 400 million in free cash flow and describes cash generation as strong, with expectations that the SMSPortal acquisition will support further improvement in cash generation and flexibility to invest in the business (Key Developments).
PEXIP
NOK 60.70
Pexip Holding
7D
-1.1%
1Y
63.0%

PEXIP: Future Dividend And Stable Margins Will Support Bullish Case

Analysts have kept their Pexip Holding price target broadly unchanged at around NOK 75. This points to stable fair value assumptions supported by small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs.
AIX
NOK 4.35
Ayfie International
7D
6.9%
1Y
36.4%
OTEC
NOK 20.10
Otello
7D
7.5%
1Y
133.2%