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Pexip Holding ASAPEXIP.OLCompetitor analysis, valuation and peers

Norway · NOK·Information Technology›Packaged Software
Momentum laggard 6
Mkt cap
$722M
US dollars, full cap
Free float
72%
of shares outstanding
$/day
$1.21M
20-day average traded
Fwd P/E
21.4×
forward earnings
ROIC−WACC
+18.8 pp
WACC 6.6%
Hurdle
-13 pp
Req g minus delivered
Next earnings
97 days
11 Feb 2027
Close · NOKNOK 65.70
1D-3.5%
1W-6.4%
1M-13.6%
3M-20.9%
6M-17.6%
YTD-15.7%
1Y+4.1%
ATR %3.5%
52w lowhigh23.5% off high

What Pexip does

Employees: 285

Pexip at a glance

Size Pexip (PEXIP.OL) is a Norway Information Technology company (Packaged Software) with a market value of $722M, the 73rd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 65.70 on 6 Nov 2026.

Performance Over six months the shares fell 17.6%, against -6.1% for the median peer and +2.7% for the Norway market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 9.2% over the last twelve months (peer median -1.7%); the operating margin is 26.4% (peer median 2.6%).

Valuation It trades at 21.4× forward earnings against a peer median of 21.7× (6th cheapest of 12).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -13 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 18.8 points above its cost of capital (6.6% WACC).

Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 95PEXIP.OL 82
Six months, rebased to 100: Pexip against the median of its 20 peers (local-currency closes).

Pexip financials

Reported figures in NOK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNOK 1.30BNOK 1.23BNOK 1.12BNOK 994MNOK 867M
Revenue growth—+10%+13%+15%—
Gross profitNOK 385MNOK 384MNOK 245MNOK 89.0M-NOK 124M
EBITDANOK 396MNOK 316MNOK 204MNOK 113M-NOK 184M
Net incomeNOK 276MNOK 208MNOK 118M-NOK 79.8M-NOK 262M
Free cash flowNOK 410MNOK 387MNOK 225MNOK 159M-NOK 208M
Capital expenditureNOK 48.3MNOK 39.2MNOK 46.3MNOK 51.2MNOK 54.3M
Total debtNOK 38.0MNOK 49.7MNOK 63.6MNOK 49.8MNOK 88.1M

Quarterly statements and history in the cockpit →

Pexip competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%0%+20%SMWB2643ABS300532DCBOIRE300047300036002777053800300561TRUE-BENGHUBILSS6036364432688418300533PEXIP.OL6-month return →1-month return →
Up and to the right = strong over both horizons. Pexip is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%20×30×40×SMWBABSDCBOIRE002777TRUE-BENGHLSS6036364432688418PEXIP.OLRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Pexip is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%SMWBABSDCBOIRE300036002777053800TRUE-BENGHLSS6036364432300533PEXIP.OLGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Pexip is the large dot.

Pexip competitors and peer comparison

How Pexip compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Pexip against its 20 peers (data as of 6 Nov 2026)
MeasurePEXIP.OLPeer medianRank in peer set
1-month return-13.6%+2.0%3rd lowest of 21
6-month return-17.6%-6.1%8th lowest of 21
Distance from 52-week high-23.5%-40.9%8th highest of 21
Revenue growth (TTM)+9.2%-1.7%10th highest of 21
Operating margin26.4%2.6%3rd highest of 21
Forward P/E21.4×21.7×6th cheapest of 12
Growth the price implies (Req g, 7 yrs)-0.3%11.3%3rd least demanding of 14
Growth delivered (Del g)+12.6%+11.1%6th highest of 14
Hurdle (Req g minus delivered)-12.9 pp-4.0 pp6th least demanding of 14
ROIC minus cost of capital+18.8 pp-5.0 pp3rd highest of 18
EV / EBITDA16.3×10.8×2nd most expensive of 9
Net debt / EBITDA-0.6×0.6×5th least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Pexip PEXIP.OLNorway$722M-18%+9%26%21.4×-0.3%+12.6%
Similarweb SMWBUnited States$724M+141%+10%-2%29.0×28.2%+24.8%
CaoCao 2643.HKHong Kong$725M-59%+38%-3%n/an/an/a
Asseco Business Solutions ABS.WAPoland$728M-6%+15%33%17.5×3.8%+11.1%
New Trend International Logis-Tech 300532.SZChina$728M-7%+56%7%n/an/an/a
Docebo DCBO.TOCanada$732M+44%+11%9%17.4×14.1%+32.1%
IRESS IRE.AXAustralia$739M-4%-14%17%12.8×10.2%+0.5%
Shenzhen Tianyuan DIC Information Technology 300047.SZChina$743M-32%+14%1%n/an/an/a
Beijing Supermap Software 300036.SZChina$744M-33%-24%-21%n/a30.5%-1.2%
Sichuan Jiuyuan Yinhai Software 002777.SZChina$746M-22%-13%4%46.9×31.2%+1.3%
AhnLab 053800.KSSouth Korea$696M+57%+10%13%n/a4.5%+8.5%
SGSG Science & Technology Co., Ltd. Zhuhai 300561.SZChina$749M-14%+13%-40%n/an/an/a
Truecaller TRUE-B.STSweden$750M+69%-16%19%24.7×11.3%+31.2%
Enghouse Systems ENGH.TOCanada$695M+1%-5%19%13.8×-14.5%-0.2%
UBISOFT Entertainment UBI.PAFrance$692M-15%-27%-87%n/an/an/a
Lectra LSS.PAFrance$754M+10%-6%6%21.7×12.6%+16.5%
Linewell Software 603636.SSChina$755M-2%-42%-111%22.4×16.4%-11.5%
WingArc1st 4432.TJapan$755M+29%+15%30%15.4×-7.6%+11.1%
Sunyard Technology 600571.SSChina$690M-22%+1%-1%n/an/an/a
Genew Technologies 688418.SSChina$688M-49%-12%-22%26.8×n/an/a
Shenzhen Bingchuan Network 300533.SZChina$763M-18%-5%-10%n/a4.7%+46.0%

Questions

Which companies are Pexip's closest peers?
The cockpit's peer set: Similarweb (SMWB), CaoCao (2643.HK), Asseco Business Solutions (ABS.WA), New Trend International Logis-Tech (300532.SZ), Docebo (DCBO.TO), IRESS (IRE.AX), Shenzhen Tianyuan DIC Information Technology (300047.SZ), Beijing Supermap Software (300036.SZ).
Is Pexip expensive compared with its peers?
On forward p/e it trades at 21.4× against a peer median of 21.7×, 6th cheapest of 12 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -13 pp: the price already allows for a slowdown.
How has Pexip stock performed?
Over six months to 6 Nov 2026 the shares returned -17.6% against -6.1% for the median peer; over one year +4.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.