Optimistic Investors Push Pexip Holding ASA (OB:PEXIP) Shares Up 29% But Growth Is Lacking
May 08
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Norwegian (OSEAX) Software Industry Analysis
UpdatedMay 09, 2025
DataAggregated Company Financials
Companies12
- 7D5.0%
- 3M8.4%
- 1Y16.8%
- YTD1.6%
In the last week, the Software industry is up 5.0%, with Pexip Holding up 22%. Meanwhile, SmartCraft actually underperformed within the industry, shrinking 15% in the last week. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the Norwegian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 09 May 2025 | NOK 31.2b | NOK 17.2b | NOK 596.7m | 38.1x | 52.3x | 1.8x |
| Sun, 06 Apr 2025 | NOK 27.0b | NOK 17.2b | NOK 586.5m | 35.5x | 46.1x | 1.6x |
| Tue, 04 Mar 2025 | NOK 29.4b | NOK 17.2b | NOK 573.0m | 38.7x | 51.2x | 1.7x |
| Thu, 30 Jan 2025 | NOK 30.0b | NOK 16.9b | NOK 461.9m | 41.4x | 65x | 1.8x |
| Sat, 28 Dec 2024 | NOK 30.7b | NOK 16.9b | NOK 461.1m | 41.7x | 66.5x | 1.8x |
| Mon, 25 Nov 2024 | NOK 29.6b | NOK 16.9b | NOK 451.4m | 40.9x | 65.6x | 1.7x |
| Wed, 23 Oct 2024 | NOK 36.3b | NOK 18.2b | NOK 338.6m | 47.3x | 107.3x | 2x |
| Fri, 20 Sep 2024 | NOK 36.1b | NOK 18.2b | NOK 336.5m | 45.7x | 107.4x | 2x |
| Sun, 18 Aug 2024 | NOK 35.0b | NOK 18.0b | NOK 544.3m | 16.2x | 64.3x | 2x |
| Tue, 16 Jul 2024 | NOK 35.0b | NOK 17.7b | NOK 450.8m | 18.6x | 77.6x | 2x |
| Thu, 13 Jun 2024 | NOK 32.0b | NOK 17.6b | NOK 448.3m | 19.4x | 71.3x | 1.8x |
| Sat, 11 May 2024 | NOK 31.6b | NOK 17.2b | NOK 166.5m | 43.4x | 189.7x | 1.8x |
| Mon, 08 Apr 2024 | NOK 27.7b | NOK 17.0b | -NOK 49,268,355.83 | 23.8x | -563x | 1.6x |
| Wed, 06 Mar 2024 | NOK 26.2b | NOK 16.9b | -NOK 37,938,168.89 | 23.3x | -690.1x | 1.5x |
| Fri, 02 Feb 2024 | NOK 36.0b | NOK 18.5b | -NOK 737,843,145.00 | 17.6x | -48.8x | 1.9x |
| Sun, 31 Dec 2023 | NOK 35.7b | NOK 18.5b | -NOK 732,470,215.00 | 15.7x | -48.8x | 1.9x |
| Tue, 28 Nov 2023 | NOK 33.6b | NOK 18.2b | -NOK 666,311,497.00 | 15.2x | -50.4x | 1.8x |
| Thu, 26 Oct 2023 | NOK 30.5b | NOK 17.9b | -NOK 755,873,663.00 | 14.8x | -40.4x | 1.7x |
| Sat, 23 Sep 2023 | NOK 32.1b | NOK 17.9b | -NOK 751,797,733.00 | 13.5x | -42.7x | 1.8x |
| Mon, 21 Aug 2023 | NOK 34.7b | NOK 17.5b | -NOK 838,590,521.00 | 11x | -41.4x | 2x |
| Wed, 19 Jul 2023 | NOK 34.3b | NOK 16.9b | -NOK 977,783,971.00 | 8.9x | -35.1x | 2x |
| Fri, 16 Jun 2023 | NOK 35.5b | NOK 16.9b | -NOK 1,060,243,501.00 | 10.3x | -33.5x | 2.1x |
| Sun, 14 May 2023 | NOK 32.3b | NOK 16.5b | -NOK 804,168,278.00 | 30.6x | -40.1x | 2x |
| Tue, 11 Apr 2023 | NOK 31.5b | NOK 16.1b | -NOK 1,438,301,803.00 | 50x | -21.9x | 2x |
| Thu, 09 Mar 2023 | NOK 32.9b | NOK 16.1b | -NOK 1,446,428,806.00 | 44.1x | -22.7x | 2x |
| Sat, 04 Feb 2023 | NOK 35.9b | NOK 38.1b | -NOK 728,397,436.00 | 34.3x | -49.3x | 0.9x |
| Mon, 02 Jan 2023 | NOK 34.3b | NOK 38.1b | -NOK 709,458,056.00 | 33.8x | -48.3x | 0.9x |
| Wed, 30 Nov 2022 | NOK 34.2b | NOK 38.0b | -NOK 708,170,114.00 | 31.6x | -48.3x | 0.9x |
| Fri, 28 Oct 2022 | NOK 31.4b | NOK 37.8b | -NOK 863,981,236.00 | 35.4x | -36.3x | 0.8x |
| Sun, 25 Sep 2022 | NOK 30.9b | NOK 37.0b | -NOK 948,155,050.00 | 37.5x | -32.6x | 0.8x |
| Tue, 23 Aug 2022 | NOK 35.0b | NOK 36.9b | -NOK 931,789,237.00 | 78.8x | -37.5x | 0.9x |
| Thu, 21 Jul 2022 | NOK 38.9b | NOK 36.3b | -NOK 1,021,582,100.00 | 58.2x | -38.1x | 1.1x |
| Sat, 18 Jun 2022 | NOK 35.9b | NOK 36.3b | -NOK 509,649,685.00 | 55.9x | -70.4x | 1x |
| Mon, 16 May 2022 | NOK 33.7b | NOK 35.8b | -NOK 583,890,031.00 | 64.4x | -57.7x | 0.9x |
Price to Earnings Ratio
-57.7x
Current Industry PE
- Investors are optimistic on the Norwegian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 52.3x which is higher than its 3-year average PE of -25.8x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Software industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 22% 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 Trends
Which industries have driven the changes within the Norwegian Tech industry?
| NO Market | 1.32% | |
| Tech | 5.38% | |
| Software | 4.99% | |
| Systems Software | 5.89% | |
| Application Software | 4.46% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 31.1x.
- Analysts are expecting annual earnings growth of 33.0%, which is higher than its past year's earnings decline of 12.0% per year.
- Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 36% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 33% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PEXIP Pexip Holding | NOK 48.30 | 18.4% +NOK 763.8m | 65.1% | PE35.4x | |
| LINK LINK Mobility Group Holding | NOK 26.40 | 4.3% +NOK 312.2m | 26.6% | PE43.7x | |
| ELABS Elliptic Laboratories | NOK 10.62 | 10.9% +NOK 109.5m | -32.4% | PE124.8x | |
| OTEC Otello | NOK 10.00 | 1.4% +NOK 11.3m | 29.9% | PB0.9x | |
| RIVER River Tech | NOK 14.60 | 1.4% +NOK 4.1m | -43.8% | PE4x |