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Norwegian (OSEAX) Telecom Sector Analysis
UpdatedMar 21, 2026
DataAggregated Company Financials
Companies6
- 7D-4.0%
- 3M10.3%
- 1Y3.8%
- YTD7.5%
Over the last 7 days, the Telecom industry has dropped 4.0%, driven by Telenor declining 3.4%. In contrast, 5th Planet Games has gained 59%. In the past year, the industry has gained 3.8%. Looking forward, earnings are forecast to grow by 19% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Mar 2026 | NOK 281.4b | NOK 86.5b | NOK 10.2b | 96.1x | 27.5x | 3.3x |
| Tue, 17 Feb 2026 | NOK 295.8b | NOK 86.5b | NOK 10.2b | 61.9x | 28.9x | 3.4x |
| Thu, 15 Jan 2026 | NOK 262.3b | NOK 92.7b | NOK 11.6b | 42.5x | 22.6x | 2.8x |
| Sat, 13 Dec 2025 | NOK 262.7b | NOK 92.7b | NOK 11.6b | 43.2x | 22.6x | 2.8x |
| Mon, 10 Nov 2025 | NOK 276.7b | NOK 92.7b | NOK 11.6b | 62.8x | 23.8x | 3x |
| Wed, 08 Oct 2025 | NOK 302.2b | NOK 92.5b | NOK 17.5b | 25.3x | 17.2x | 3.3x |
| Fri, 05 Sep 2025 | NOK 313.1b | NOK 92.5b | NOK 17.5b | 27.1x | 17.9x | 3.4x |
| Sun, 03 Aug 2025 | NOK 307.2b | NOK 92.5b | NOK 18.1b | 11.9x | 17x | 3.3x |
| Tue, 01 Jul 2025 | NOK 295.5b | NOK 92.2b | NOK 12.4b | 23.1x | 23.8x | 3.2x |
| Thu, 29 May 2025 | NOK 289.5b | NOK 92.2b | NOK 12.5b | 13.7x | 23.2x | 3.1x |
| Sat, 26 Apr 2025 | NOK 277.7b | NOK 91.9b | NOK 24.0b | 8.6x | 11.6x | 3x |
| Mon, 24 Mar 2025 | NOK 277.1b | NOK 91.9b | NOK 24.0b | 8.5x | 11.6x | 3x |
| Wed, 19 Feb 2025 | NOK 267.4b | NOK 92.3b | NOK 15.1b | 11.1x | 17.7x | 2.9x |
| Fri, 17 Jan 2025 | NOK 257.1b | NOK 100.0b | NOK 30.6b | 5.5x | 8.4x | 2.6x |
| Sun, 15 Dec 2024 | NOK 262.6b | NOK 100.0b | NOK 30.6b | 5.8x | 8.6x | 2.6x |
| Tue, 12 Nov 2024 | NOK 267.9b | NOK 100.0b | NOK 30.7b | 6.9x | 8.7x | 2.7x |
| Thu, 10 Oct 2024 | NOK 263.9b | NOK 99.8b | NOK 26.4b | 7.2x | 10x | 2.6x |
| Sat, 07 Sep 2024 | NOK 260.6b | NOK 99.8b | NOK 26.4b | 7.1x | 9.9x | 2.6x |
| Mon, 05 Aug 2024 | NOK 251.4b | NOK 99.9b | NOK 25.8b | 6.1x | 9.7x | 2.5x |
| Wed, 03 Jul 2024 | NOK 243.4b | NOK 100.1b | NOK 24.0b | 6.6x | 10.1x | 2.4x |
| Fri, 31 May 2024 | NOK 383.0b | NOK 121.5b | NOK 22.1b | 7.2x | 17.3x | 3.2x |
| Sun, 28 Apr 2024 | NOK 390.4b | NOK 121.4b | NOK 10.0b | 4.4x | 39x | 3.2x |
| Tue, 26 Mar 2024 | NOK 378.1b | NOK 121.1b | NOK 10.4b | 20.1x | 36.2x | 3.1x |
| Thu, 22 Feb 2024 | NOK 372.3b | NOK 120.2b | -NOK 7,302,365,493.03 | 20.8x | -51x | 3.1x |
| Sat, 20 Jan 2024 | NOK 398.5b | NOK 145.5b | NOK 2.9b | 38x | 139.8x | 2.7x |
| Mon, 18 Dec 2023 | NOK 392.1b | NOK 145.4b | NOK 2.9b | 39.3x | 135.2x | 2.7x |
| Wed, 15 Nov 2023 | NOK 363.8b | NOK 145.8b | NOK 1.1b | 15.3x | 322.1x | 2.5x |
| Fri, 13 Oct 2023 | NOK 372.4b | NOK 144.6b | -NOK 17,898,496,037.00 | 26.2x | -20.8x | 2.6x |
| Sun, 10 Sep 2023 | NOK 311.8b | NOK 144.4b | -NOK 17,684,434,863.00 | 24.2x | -17.6x | 2.2x |
| Tue, 08 Aug 2023 | NOK 304.0b | NOK 143.2b | -NOK 17,782,719,674.00 | 91.9x | -17.1x | 2.1x |
| Thu, 06 Jul 2023 | NOK 295.2b | NOK 142.8b | -NOK 25,037,192,792.00 | 163.8x | -11.8x | 2.1x |
| Sat, 03 Jun 2023 | NOK 320.4b | NOK 143.3b | -NOK 25,448,545,819.00 | 167x | -12.6x | 2.2x |
| Mon, 01 May 2023 | NOK 343.6b | NOK 141.7b | -NOK 17,121,270,820.00 | 50.8x | -20.1x | 2.4x |
| Wed, 29 Mar 2023 | NOK 311.5b | NOK 140.6b | -NOK 31,622,251,310.00 | 48.4x | -9.9x | 2.2x |
Price to Earnings Ratio
-9.9x
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 25.2x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.3x.
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 | 1.87% | |
| Telecom | -3.96% | |
| Entertainment | 58.54% | |
| Media | 0% | 0 |
| Wireless Telecom | 0% | 0 |
| Telecom Services and Carriers | -3.43% | |
| Interactive Media and Services | -6.74% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 415x.
- 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 63% over the next 5 years.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 9.4% 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 | |
|---|---|---|---|---|---|
| 5PG 5th Planet Games | NOK 1.63 | 58.5% +NOK 161.0m | 58.5% | PE96.1x |