Earnings Beat: Pexip Holding ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 09
Norwegian (OSEAX) Application Software Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies12
- 7D0.2%
- 3M12.4%
- 1Y39.3%
- YTDn/a
The Application Software industry has stayed flat over the last week. The past year has been better, since the industry has gained 39% in that time. Looking forward, earnings are forecast to grow by 35% annually.
Industry Valuation and Performance
Has the Norwegian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr22.5b | kr11.0b | kr445.6m | 19.6x | 50.4x | 2x |
| Tue, 16 Apr 2024 | kr20.3b | kr10.6b | kr58.8m | 23.6x | 345.1x | 1.9x |
| Thu, 14 Mar 2024 | kr20.2b | kr10.5b | kr77.0m | 23.2x | 262.7x | 1.9x |
| Sat, 10 Feb 2024 | kr19.7b | kr10.4b | kr32.1m | 25.2x | 612.2x | 1.9x |
| Mon, 08 Jan 2024 | kr28.0b | kr12.4b | -kr729,495,121.00 | 15.5x | -38.4x | 2.3x |
| Wed, 06 Dec 2023 | kr27.1b | kr12.4b | -kr749,660,334.00 | 15.6x | -36.1x | 2.2x |
| Fri, 03 Nov 2023 | kr25.0b | kr12.0b | -kr683,770,883.00 | 14.6x | -36.5x | 2.1x |
| Sun, 01 Oct 2023 | kr25.6b | kr12.0b | -kr685,599,542.00 | 14.9x | -37.3x | 2.1x |
| Tue, 29 Aug 2023 | kr25.4b | kr12.0b | -kr686,516,074.00 | 13.2x | -36.9x | 2.1x |
| Thu, 27 Jul 2023 | kr26.6b | kr11.3b | -kr858,935,001.00 | 9x | -31x | 2.3x |
| Sat, 24 Jun 2023 | kr25.1b | kr11.3b | -kr880,839,321.00 | 10.1x | -28.5x | 2.2x |
| Mon, 22 May 2023 | kr25.1b | kr11.3b | -kr959,054,540.00 | 9.2x | -26.1x | 2.2x |
| Wed, 19 Apr 2023 | kr23.9b | kr10.9b | -kr1,462,312,995.00 | 31.4x | -16.3x | 2.2x |
| Fri, 17 Mar 2023 | kr23.6b | kr10.9b | -kr1,476,587,397.00 | 31.2x | -16x | 2.2x |
| Sun, 12 Feb 2023 | kr26.5b | kr10.5b | -kr957,551,532.00 | 26.8x | -27.6x | 2.5x |
| Tue, 10 Jan 2023 | kr25.9b | kr10.5b | -kr923,872,086.00 | 28.2x | -28x | 2.5x |
| Thu, 08 Dec 2022 | kr24.7b | kr10.5b | -kr920,723,941.00 | 25x | -26.9x | 2.4x |
| Sat, 05 Nov 2022 | kr24.1b | kr10.2b | -kr1,069,513,648.00 | 35.8x | -22.5x | 2.4x |
| Mon, 03 Oct 2022 | kr23.8b | kr9.9b | -kr1,090,021,451.00 | 31.4x | -21.8x | 2.4x |
| Wed, 31 Aug 2022 | kr23.8b | kr9.7b | -kr1,038,512,822.00 | 42.1x | -22.9x | 2.4x |
| Fri, 29 Jul 2022 | kr26.4b | kr9.5b | -kr1,301,914,524.00 | 71.9x | -20.3x | 2.8x |
| Sun, 26 Jun 2022 | kr24.3b | kr9.5b | -kr795,803,548.00 | 75.7x | -30.6x | 2.6x |
| Tue, 24 May 2022 | kr22.0b | kr9.3b | -kr817,124,515.00 | 90.4x | -27x | 2.4x |
| Thu, 21 Apr 2022 | kr26.5b | kr9.1b | -kr569,278,023.00 | 84.5x | -46.5x | 2.9x |
| Sat, 19 Mar 2022 | kr28.7b | kr9.2b | -kr582,246,270.00 | 63.1x | -49.3x | 3.1x |
| Mon, 14 Feb 2022 | kr31.7b | kr8.9b | -kr587,714,537.00 | 68.7x | -53.9x | 3.5x |
| Wed, 12 Jan 2022 | kr34.1b | kr8.4b | -kr723,699,985.00 | 108.2x | -47.2x | 4x |
| Fri, 10 Dec 2021 | kr36.6b | kr8.3b | -kr677,541,985.00 | 112.9x | -54.1x | 4.4x |
| Sun, 07 Nov 2021 | kr37.6b | kr8.0b | -kr621,692,985.00 | 133.8x | -60.4x | 4.7x |
| Tue, 05 Oct 2021 | kr45.2b | kr7.7b | -kr611,083,794.00 | 182.7x | -73.9x | 5.9x |
| Thu, 02 Sep 2021 | kr46.8b | kr7.5b | -kr601,044,794.00 | 130.9x | -77.8x | 6.2x |
| Sat, 31 Jul 2021 | kr45.2b | kr7.5b | -kr601,044,794.00 | 154.6x | -75.2x | 6x |
Price to Earnings Ratio
-137.3x
Current Industry PE
- Investors are optimistic on the Norwegian Application Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 50.4x which is higher than its 3-year average PE of -9.6x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.0x.
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 grown 17% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Application Software compare with similar industries?
| NO Market | -1.02% | |
| Tech | 0.20% | |
| Software | 1.55% | |
| Application Software | 0.24% | |
| Systems Software | 4.74% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VOLUE Volue | kr31.35 | 2.0% +kr86.3m | 68.9% | PE132.1x | |
| ELABS Elliptic Laboratories | kr16.32 | 3.9% +kr65.0m | 41.2% | PS25x | |
| LINK LINK Mobility Group Holding | kr20.95 | 0.5% +kr13.8m | 76.1% | PE19.6x |