Analysis Article • May 20
Have your own idea? Try our Stock Screener
Norwegian (OSEAX) Telecom Sector Analysis
UpdatedJul 08, 2026
DataAggregated Company Financials
Companies6
- 7D2.3%
- 3M-12.0%
- 1Y-11.8%
- YTD-3.1%
Over the last 7 days, the Telecom industry has risen 2.3%, driven by gains from Telenor of 1.8%. In the same time, 5th Planet Games was down 5.2%. In the past year, the industry is down 12%. As for the next few years, earnings are expected to grow by 15% per annum.
Sector Valuation and Performance
Has the Norwegian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 Jul 2026 | NOK 252.6b | NOK 86.1b | NOK 12.9b | 154.8x | 19.6x | 2.9x |
| Fri, 05 Jun 2026 | NOK 261.6b | NOK 86.1b | NOK 12.9b | 166.7x | 20.3x | 3x |
| Sun, 03 May 2026 | NOK 265.7b | NOK 86.1b | NOK 12.9b | 189.3x | 20.6x | 3.1x |
| Tue, 31 Mar 2026 | NOK 282.5b | NOK 86.5b | NOK 10.3b | 121.8x | 27.4x | 3.3x |
| Thu, 26 Feb 2026 | NOK 287.0b | NOK 86.5b | NOK 10.2b | 57.5x | 28x | 3.3x |
| Sat, 24 Jan 2026 | NOK 276.9b | NOK 92.7b | NOK 11.6b | 44.9x | 23.8x | 3x |
| Mon, 22 Dec 2025 | NOK 256.8b | NOK 92.7b | NOK 11.6b | 41.9x | 22.1x | 2.8x |
| Wed, 19 Nov 2025 | NOK 264.4b | NOK 92.7b | NOK 11.6b | 62.2x | 22.8x | 2.9x |
| Fri, 17 Oct 2025 | NOK 302.5b | NOK 92.5b | NOK 17.5b | 24.3x | 17.3x | 3.3x |
| Sun, 14 Sep 2025 | NOK 315.6b | NOK 92.5b | NOK 17.5b | 27.1x | 18x | 3.4x |
| Tue, 12 Aug 2025 | NOK 308.2b | NOK 92.5b | NOK 18.1b | 12x | 17x | 3.3x |
| Thu, 10 Jul 2025 | NOK 294.7b | NOK 92.2b | NOK 12.4b | 23x | 23.7x | 3.2x |
| Sat, 07 Jun 2025 | NOK 293.6b | NOK 92.2b | NOK 12.5b | 13.6x | 23.5x | 3.2x |
| Mon, 05 May 2025 | NOK 289.7b | NOK 91.9b | NOK 24.0b | 8.9x | 12.1x | 3.2x |
| Wed, 02 Apr 2025 | NOK 275.7b | NOK 91.9b | NOK 24.0b | 8.6x | 11.5x | 3x |
| Fri, 28 Feb 2025 | NOK 272.3b | NOK 91.9b | NOK 24.7b | 8.2x | 11x | 3x |
| Sun, 26 Jan 2025 | NOK 262.0b | NOK 100.0b | NOK 30.6b | 5.5x | 8.6x | 2.6x |
| Tue, 24 Dec 2024 | NOK 254.3b | NOK 100.0b | NOK 30.6b | 5.5x | 8.3x | 2.5x |
| Thu, 21 Nov 2024 | NOK 263.6b | NOK 100.0b | NOK 30.7b | 7.1x | 8.6x | 2.6x |
| Sat, 19 Oct 2024 | NOK 261.8b | NOK 99.8b | NOK 26.4b | 6.2x | 9.9x | 2.6x |
| Mon, 16 Sep 2024 | NOK 261.1b | NOK 99.8b | NOK 26.4b | 7x | 9.9x | 2.6x |
| Wed, 14 Aug 2024 | NOK 248.7b | NOK 99.9b | NOK 25.8b | 6.1x | 9.6x | 2.5x |
| Fri, 12 Jul 2024 | NOK 245.4b | NOK 100.1b | NOK 24.0b | 6.8x | 10.2x | 2.5x |
| Sun, 09 Jun 2024 | NOK 247.6b | NOK 100.1b | NOK 24.0b | 7.1x | 10.3x | 2.5x |
| Tue, 07 May 2024 | NOK 397.8b | NOK 121.5b | NOK 22.3b | 8.4x | 17.8x | 3.3x |
| Thu, 04 Apr 2024 | NOK 388.8b | NOK 121.1b | NOK 10.4b | 4.6x | 37.5x | 3.2x |
| Sat, 02 Mar 2024 | NOK 370.3b | NOK 120.7b | NOK 10.5b | 21.6x | 35.4x | 3.1x |
| Mon, 29 Jan 2024 | NOK 398.8b | NOK 145.3b | NOK 3.1b | 36.8x | 128x | 2.7x |
| Wed, 27 Dec 2023 | NOK 384.1b | NOK 145.1b | NOK 3.2b | 39.3x | 121x | 2.6x |
| Fri, 24 Nov 2023 | NOK 369.0b | NOK 146.1b | NOK 2.4b | 15x | 156.8x | 2.5x |
| Sun, 22 Oct 2023 | NOK 358.5b | NOK 144.9b | -NOK 18,184,554,235.00 | 25.1x | -19.7x | 2.5x |
| Tue, 19 Sep 2023 | NOK 329.6b | NOK 144.6b | -NOK 17,901,000,623.00 | 26.2x | -18.4x | 2.3x |
| Thu, 17 Aug 2023 | NOK 312.0b | NOK 143.8b | -NOK 18,398,860,330.00 | 90.6x | -17x | 2.2x |
| Sat, 15 Jul 2023 | NOK 293.8b | NOK 142.2b | -NOK 24,403,794,281.00 | 165.4x | -12x | 2.1x |
Price to Earnings Ratio
-12x
Current Industry PE
- Investors are pessimistic on the Norwegian Communication Services 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 19.6x which is lower than its 3-year average PE of 28.7x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
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 15% 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 Market | 2.21% | |
| Telecom | 2.33% | |
| Interactive Media and Services | 4.45% | |
| Telecom Services and Carriers | 1.83% | |
| Media | 0.50% | |
| Wireless Telecom | 0% | 0 |
| Entertainment | -5.17% | |
Industry PE
- Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 519x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 98% over the next 5 years.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 7.0% 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 | |
|---|---|---|---|---|---|
| TEL Telenor | NOK 144.70 | 4.0% +NOK 7.5b | -7.4% | PE11.8x | |
| POL Polaris Media | NOK 60.00 | 5.3% +NOK 146.6m | -2.4% | PE274.1x | |
| MENTOR Mentor Medier | NOK 26.00 | 4.0% +NOK 5.8m | 147.6% | n/a |