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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.7%
  • 3M-2.9%
  • 1Y2.0%
  • YTD3.3%

The Telecom industry is up 1.1% in the last week, with Telenor up 0.4%. During this same period, the Vend Marketplaces underperformed, falling 9.5%. This means that the industry has gained 6.3% over the past year. Earnings are forecast to grow by 7.6% annually.

Sector Valuation and Performance

Has the Norwegian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026NOK 271.2bNOK 92.7bNOK 11.6b42.3x23.3x2.9x
Fri, 02 Jan 2026NOK 264.1bNOK 92.7bNOK 11.6b42.6x22.7x2.8x
Sun, 30 Nov 2025NOK 263.8bNOK 92.7bNOK 11.6b43.6x22.7x2.8x
Tue, 28 Oct 2025NOK 299.6bNOK 92.5bNOK 17.5b24.5x17.1x3.2x
Thu, 25 Sep 2025NOK 299.4bNOK 92.5bNOK 17.5b25.6x17.1x3.2x
Sat, 23 Aug 2025NOK 312.9bNOK 92.5bNOK 18.1b11.9x17.3x3.4x
Mon, 21 Jul 2025NOK 311.3bNOK 91.3bNOK 18.1b12.2x17.2x3.4x
Wed, 18 Jun 2025NOK 288.5bNOK 92.2bNOK 12.4b22.3x23.2x3.1x
Fri, 16 May 2025NOK 287.6bNOK 92.2bNOK 12.5b13.7x23x3.1x
Sun, 13 Apr 2025NOK 265.8bNOK 91.9bNOK 24.0b8.2x11.1x2.9x
Tue, 11 Mar 2025NOK 269.7bNOK 91.9bNOK 24.7b8.3x10.9x2.9x
Thu, 06 Feb 2025NOK 272.4bNOK 100.0bNOK 30.6b5.6x8.9x2.7x
Sat, 04 Jan 2025NOK 260.5bNOK 100.0bNOK 30.6b5.6x8.5x2.6x
Mon, 02 Dec 2024NOK 266.7bNOK 100.0bNOK 30.6b5.7x8.7x2.7x
Wed, 30 Oct 2024NOK 263.9bNOK 100.1bNOK 30.0b6.8x8.8x2.6x
Fri, 27 Sep 2024NOK 265.1bNOK 99.8bNOK 26.4b7.1x10.1x2.7x
Sun, 25 Aug 2024NOK 248.4bNOK 99.8bNOK 26.4b7.4x9.4x2.5x
Tue, 23 Jul 2024NOK 250.0bNOK 99.9bNOK 25.8b6.5x9.7x2.5x
Thu, 20 Jun 2024NOK 244.8bNOK 100.1bNOK 24.0b7x10.2x2.4x
Sat, 18 May 2024NOK 397.9bNOK 121.4bNOK 22.4b8.4x17.8x3.3x
Mon, 15 Apr 2024NOK 384.7bNOK 121.1bNOK 10.4b4.3x37x3.2x
Wed, 13 Mar 2024NOK 369.4bNOK 120.9bNOK 10.5b19.8x35.3x3.1x
Fri, 09 Feb 2024NOK 371.2bNOK 120.3b-NOK 7,448,128,254.4421.6x-49.8x3.1x
Sun, 07 Jan 2024NOK 390.6bNOK 145.2bNOK 3.1b40x125.5x2.7x
Tue, 05 Dec 2023NOK 381.5bNOK 146.1bNOK 2.3b37.7x163x2.6x
Thu, 02 Nov 2023NOK 349.4bNOK 145.8bNOK 1.2b14.9x287.6x2.4x
Sat, 30 Sep 2023NOK 371.2bNOK 144.1b-NOK 17,410,344,471.0026.3x-21.3x2.6x
Mon, 28 Aug 2023NOK 313.3bNOK 144.0b-NOK 18,346,924,013.0025.2x-17.1x2.2x
Wed, 26 Jul 2023NOK 305.1bNOK 143.1b-NOK 17,700,290,082.00158.6x-17.2x2.1x
Fri, 23 Jun 2023NOK 306.0bNOK 142.9b-NOK 25,135,248,780.00165.4x-12.2x2.1x
Sun, 21 May 2023NOK 325.1bNOK 142.6b-NOK 24,702,998,666.00155.4x-13.2x2.3x
Tue, 18 Apr 2023NOK 334.7bNOK 141.0b-NOK 32,227,931,215.0051.3x-10.4x2.4x
Thu, 16 Mar 2023NOK 315.6bNOK 140.9b-NOK 31,871,958,290.0051.7x-9.9x2.2x
Sat, 11 Feb 2023NOK 333.2bNOK 139.4b-NOK 32,397,129,008.0016.5x-10.3x2.4x
Price to Earnings Ratio

-10.3x


Total Market Cap: NOK 333.2bTotal Earnings: -NOK 32,397,129,008.00Total Revenue: NOK 139.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 23.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Norwegian Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.3x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • Total earnings for the Communication Services industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 13% 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 Telecom sector?

NO Market0.70%
Telecom-1.72%
Telecom Services and Carriers0.45%
Wireless Telecom0%0
Entertainment-0.23%
Media-2.85%
Interactive Media and Services-9.55%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 266x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.8x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 9.4% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% per year.
  • In contrast, the Interactive Media and Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TEL TelenorNOK 157.200.4%
+NOK 956.7m		13.2%PE21.2x

Latest News

TEL
NOK 157.20
Telenor
7D
0.4%
1Y
13.2%
VEND
NOK 248.20
Vend Marketplaces
7D
-9.5%
1Y
-25.6%

Vend Marketplaces (OB:VEND) Seems To Use Debt Rather Sparingly

Jan 21
Vend Marketplaces (OB:VEND) Seems To Use Debt Rather Sparingly
5PG
NOK 0.85
5th Planet Games
7D
-0.2%
1Y
-17.1%
POL
NOK 54.00
Polaris Media
7D
-2.7%
1Y
-34.5%

These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well

Dec 19
These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well