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Norwegian (OSEAX) Application Software Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies10
  • 7D1.8%
  • 3M-21.3%
  • 1Y4.1%
  • YTDn/a

The Application Software industry is up 1.8% in the last week, with LINK Mobility Group Holding up 4.1%. Meanwhile, Elliptic Laboratories actually underperformed within the industry, shrinking 16% in the last week. In the last 12 months, the industry was up 4.1%. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026NOK 18.9bNOK 10.1bNOK 799.6m26.3x23.6x1.9x
Mon, 02 Feb 2026NOK 24.5bNOK 10.3bNOK 836.3m38.2x29.3x2.4x
Wed, 31 Dec 2025NOK 25.4bNOK 10.3bNOK 854.7m41.2x29.7x2.5x
Fri, 28 Nov 2025NOK 22.1bNOK 10.3bNOK 859.7m35.2x25.7x2.2x
Sun, 26 Oct 2025NOK 22.2bNOK 10.2bNOK 852.4m32.9x26x2.2x
Tue, 23 Sep 2025NOK 23.2bNOK 10.2bNOK 849.1m35.9x27.4x2.3x
Thu, 21 Aug 2025NOK 24.6bNOK 10.3bNOK 323.4m36.8x76.1x2.4x
Sat, 19 Jul 2025NOK 23.5bNOK 10.3bNOK 299.7m45.5x78.6x2.3x
Mon, 16 Jun 2025NOK 22.0bNOK 10.3bNOK 299.5m43.6x73.3x2.1x
Wed, 14 May 2025NOK 20.9bNOK 10.2bNOK 309.0m40.3x67.5x2x
Fri, 11 Apr 2025NOK 17.6bNOK 10.2bNOK 330.2m34.8x53.3x1.7x
Sun, 09 Mar 2025NOK 18.2bNOK 10.2bNOK 326.6m37.3x55.6x1.8x
Tue, 04 Feb 2025NOK 19.3bNOK 10.0bNOK 321.0m28.8x60.3x1.9x
Thu, 02 Jan 2025NOK 19.3bNOK 10.0bNOK 322.2m29.2x60x1.9x
Sat, 30 Nov 2024NOK 19.4bNOK 10.0bNOK 314.7m29.6x61.8x2x
Mon, 28 Oct 2024NOK 25.9bNOK 11.4bNOK 285.8m32x90.6x2.3x
Wed, 25 Sep 2024NOK 25.2bNOK 11.4bNOK 297.6m31.9x84.7x2.2x
Fri, 23 Aug 2024NOK 24.7bNOK 11.3bNOK 288.7m31.6x85.7x2.2x
Sun, 21 Jul 2024NOK 23.6bNOK 11.0bNOK 463.7m18.6x50.9x2.1x
Tue, 18 Jun 2024NOK 21.8bNOK 11.0bNOK 460.4m18.5x47.3x2x
Thu, 16 May 2024NOK 22.5bNOK 11.0bNOK 452.3m19.4x49.8x2.1x
Sat, 13 Apr 2024NOK 20.8bNOK 10.6bNOK 65.6m22.5x316.8x2x
Mon, 11 Mar 2024NOK 19.8bNOK 10.5bNOK 76.4m23.6x259.5x1.9x
Wed, 07 Feb 2024NOK 19.4bNOK 10.4bNOK 33.2m25.8x583.2x1.9x
Fri, 05 Jan 2024NOK 28.0bNOK 12.4b-NOK 729,342,644.0015.5x-38.4x2.3x
Sun, 03 Dec 2023NOK 27.0bNOK 12.4b-NOK 746,941,430.0015.6x-36.1x2.2x
Tue, 31 Oct 2023NOK 24.5bNOK 12.0b-NOK 688,639,709.0014.2x-35.5x2x
Thu, 28 Sep 2023NOK 25.5bNOK 12.0b-NOK 686,445,968.0014.4x-37.1x2.1x
Sat, 26 Aug 2023NOK 25.1bNOK 12.0b-NOK 685,479,834.0013x-36.6x2.1x
Mon, 24 Jul 2023NOK 25.9bNOK 11.3b-NOK 857,978,885.009.6x-30.2x2.3x
Wed, 21 Jun 2023NOK 25.3bNOK 11.3b-NOK 942,283,389.0010x-26.8x2.2x
Fri, 19 May 2023NOK 25.1bNOK 11.3b-NOK 817,787,886.009.3x-30.7x2.2x
Sun, 16 Apr 2023NOK 24.0bNOK 10.9b-NOK 1,456,831,979.0032.6x-16.4x2.2x
Tue, 14 Mar 2023NOK 23.1bNOK 10.9b-NOK 1,465,740,397.0028.9x-15.8x2.1x
Price to Earnings Ratio

-15.8x


Total Market Cap: NOK 23.1bTotal Earnings: -NOK 1,465,740,397.00Total Revenue: NOK 10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Application Software Industry Price to Earnings3Y Average 50.1x202420252026
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 23.6x which is lower than its 3-year average PE of 50.1x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
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 2.4% 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 Market1.13%
Tech-1.48%
Software1.76%
Application Software1.76%
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 22.604.1%
+NOK 260.7m		7.6%PE75.1x
PEXIP Pexip HoldingNOK 62.601.8%
+NOK 114.8m		51.6%PE26.3x
SMCRT SmartCraftNOK 17.501.7%
+NOK 48.1m		-34.5%PE32.9x
RIVER River TechNOK 3.504.2%
+NOK 2.9m		-79.2%PE1.1x

Latest News

ELABS
NOK 3.10
Elliptic Laboratories
7D
-16.2%
1Y
-69.2%
AIX
NOK 4.30
Ayfie International
7D
-2.3%
1Y
17.8%
PEXIP
NOK 62.60
Pexip Holding
7D
1.8%
1Y
51.6%

PEXIP: Future Outlook Will Emphasize Dividend Visibility And Margin Expansion Potential

Analysts have adjusted their price target for Pexip Holding to NOK 75.0 from NOK 75, citing updated assumptions around slightly higher long term revenue growth, improved profit margins and a modestly lower future P/E multiple. What's in the News Pexip Holding ASA announced an annual dividend of NOK 3.0000 per share, with payment scheduled for April 28, 2026 (Key Developments).
SMCRT
NOK 17.50
SmartCraft
7D
1.7%
1Y
-34.5%

AI Workflow Adoption And New Markets Will Drive This Construction Software Specialist Forward

Catalysts About SmartCraft SmartCraft provides software solutions that help smaller construction and property management companies plan work, communicate and run projects more efficiently. What are the underlying business or industry changes driving this perspective?
LINK
NOK 22.60
LINK Mobility Group Holding
7D
4.1%
1Y
7.6%

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).
INDCT
NOK 3.74
Induct
7D
-5.1%
1Y
-4.1%
RIVER
NOK 3.50
River Tech
7D
4.2%
1Y
-79.2%
OTEC
NOK 17.50
Otello
7D
-2.2%
1Y
135.2%