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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedAug 24, 2026
DataAggregated Company Financials
Companies6
  • 7D0.6%
  • 3M-8.8%
  • 1Y-22.3%
  • YTD-8.2%

Over the last 7 days, the Telecom industry has remained flat, although notably Vend Marketplaces gained 3.1%. As for the longer term, the industry has declined 22% in the last year. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026NOK 238.8bNOK 85.1bNOK 7.7b178.7x31.1x2.8x
Wed, 22 Jul 2026NOK 234.5bNOK 85.1bNOK 7.7b150.7x30.6x2.8x
Fri, 19 Jun 2026NOK 253.4bNOK 86.1bNOK 12.9b189.7x19.7x2.9x
Sun, 17 May 2026NOK 272.8bNOK 86.1bNOK 12.9b202x21.2x3.2x
Tue, 14 Apr 2026NOK 281.4bNOK 86.5bNOK 10.3b205.8x27.3x3.3x
Thu, 12 Mar 2026NOK 291.1bNOK 86.5bNOK 10.2b56.1x28.4x3.4x
Sat, 07 Feb 2026NOK 296.2bNOK 90.8bNOK 9.5b51.5x31.3x3.3x
Mon, 05 Jan 2026NOK 263.1bNOK 92.7bNOK 11.6b42.5x22.6x2.8x
Wed, 03 Dec 2025NOK 260.1bNOK 92.7bNOK 11.6b43.6x22.4x2.8x
Fri, 31 Oct 2025NOK 285.1bNOK 92.5bNOK 11.8b38.3x24.2x3.1x
Sun, 28 Sep 2025NOK 300.9bNOK 92.5bNOK 17.5b25.6x17.2x3.3x
Tue, 26 Aug 2025NOK 311.6bNOK 92.5bNOK 18.1b11.7x17.2x3.4x
Thu, 24 Jul 2025NOK 306.2bNOK 92.5bNOK 18.1b11.8x16.9x3.3x
Sat, 21 Jun 2025NOK 288.9bNOK 92.2bNOK 12.4b22.6x23.2x3.1x
Mon, 19 May 2025NOK 291.2bNOK 92.2bNOK 12.5b13.8x23.3x3.2x
Wed, 16 Apr 2025NOK 273.3bNOK 91.9bNOK 24.0b8.4x11.4x3x
Fri, 14 Mar 2025NOK 270.8bNOK 91.9bNOK 24.7b8.3x10.9x2.9x
Sun, 09 Feb 2025NOK 268.4bNOK 92.3bNOK 15.0b11.5x17.9x2.9x
Tue, 07 Jan 2025NOK 259.0bNOK 100.0bNOK 30.6b5.4x8.5x2.6x
Thu, 05 Dec 2024NOK 265.2bNOK 100.0bNOK 30.6b5.8x8.7x2.7x
Sat, 02 Nov 2024NOK 276.6bNOK 100.0bNOK 30.6b6.2x9x2.8x
Mon, 30 Sep 2024NOK 263.9bNOK 99.8bNOK 26.4b7.1x10x2.6x
Wed, 28 Aug 2024NOK 251.2bNOK 99.8bNOK 26.4b6.9x9.5x2.5x
Fri, 26 Jul 2024NOK 249.4bNOK 99.9bNOK 25.8b6.4x9.7x2.5x
Sun, 23 Jun 2024NOK 244.1bNOK 100.1bNOK 24.0b7.1x10.2x2.4x
Tue, 21 May 2024NOK 397.9bNOK 121.3bNOK 22.4b8.4x17.8x3.3x
Thu, 18 Apr 2024NOK 378.0bNOK 121.3bNOK 10.4b4.2x36.4x3.1x
Sat, 16 Mar 2024NOK 374.0bNOK 121.0bNOK 10.4b20.2x35.8x3.1x
Mon, 12 Feb 2024NOK 368.3bNOK 120.2b-NOK 7,335,072,235.5921.7x-50.2x3.1x
Wed, 10 Jan 2024NOK 392.1bNOK 145.3bNOK 3.0b39x128.6x2.7x
Fri, 08 Dec 2023NOK 387.9bNOK 146.1bNOK 2.3b38.2x167.2x2.7x
Sun, 05 Nov 2023NOK 353.9bNOK 145.8bNOK 1.2b14.9x297.6x2.4x
Tue, 03 Oct 2023NOK 371.2bNOK 144.3b-NOK 17,560,371,992.0026.3x-21.1x2.6x
Thu, 31 Aug 2023NOK 323.4bNOK 144.0b-NOK 18,349,364,059.0025.8x-17.6x2.2x
Price to Earnings Ratio

-17.6x


Total Market Cap: NOK 323.4bTotal Earnings: -NOK 18,349,364,059.00Total Revenue: NOK 144.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 30.6x202420252026
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 30.6x.
  • 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 16% 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 Market0.24%
Telecom0.62%
Entertainment7.69%
Interactive Media and Services3.11%
Media0%0
Wireless Telecom0%0
Telecom Services and Carriers-0.075%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 532x.
    • 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 108% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 5.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
VEND Vend MarketplacesNOK 252.803.5%
+NOK 1.8b		-32.6%PS8.3x
5PG 5th Planet GamesNOK 1.6013.5%
+NOK 51.1m		103.0%PE185.4x

Latest News

TEL
NOK 133.70
Telenor
7D
-0.4%
1Y
-19.4%
Narrative Update • Aug 12

TEL: Nordics Expansion And Capital Returns Will Support Future Upside Potential

Telenor's analyst fair value estimate has been adjusted from NOK 164.35 to NOK 160.95. This reflects a group of recent price target resets in the NOK 135 to NOK 160 range as analysts update their views on discount rates, more moderate revenue assumptions and slightly firmer profit margins.
VEND
NOK 252.80
Vend Marketplaces
7D
3.5%
1Y
-32.6%
5PG
NOK 1.60
5th Planet Games
7D
13.5%
1Y
103.0%