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Norwegian (OSEAX) Telecom Sector Analysis
UpdatedMar 09, 2026
DataAggregated Company Financials
Companies6
- 7D-1.5%
- 3M11.1%
- 1Y10.4%
- YTD10.9%
Over the last 7 days, the Telecom industry has dropped 1.5%, driven by Telenor declining 3.6%. Meanwhile, Vend Marketplaces actually outperformed within the industry, gaining 8.2% in the last week. This takes the industry's 12 month performance to a gain of 10%. Earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Mon, 09 Mar 2026 | NOK 290.7b | NOK 86.5b | NOK 10.2b | 55.3x | 28.4x | 3.4x |
| Wed, 04 Feb 2026 | NOK 271.2b | NOK 92.7b | NOK 11.6b | 42.3x | 23.3x | 2.9x |
| Fri, 02 Jan 2026 | NOK 264.1b | NOK 92.7b | NOK 11.6b | 42.6x | 22.7x | 2.8x |
| Sun, 30 Nov 2025 | NOK 263.8b | NOK 92.7b | NOK 11.6b | 43.6x | 22.7x | 2.8x |
| Tue, 28 Oct 2025 | NOK 299.6b | NOK 92.5b | NOK 17.5b | 24.5x | 17.1x | 3.2x |
| Thu, 25 Sep 2025 | NOK 299.4b | NOK 92.5b | NOK 17.5b | 25.6x | 17.1x | 3.2x |
| Sat, 23 Aug 2025 | NOK 312.9b | NOK 92.5b | NOK 18.1b | 11.9x | 17.3x | 3.4x |
| Mon, 21 Jul 2025 | NOK 311.3b | NOK 91.3b | NOK 18.1b | 12.2x | 17.2x | 3.4x |
| Wed, 18 Jun 2025 | NOK 288.5b | NOK 92.2b | NOK 12.4b | 22.3x | 23.2x | 3.1x |
| Fri, 16 May 2025 | NOK 287.6b | NOK 92.2b | NOK 12.5b | 13.7x | 23x | 3.1x |
| Sun, 13 Apr 2025 | NOK 265.8b | NOK 91.9b | NOK 24.0b | 8.2x | 11.1x | 2.9x |
| Tue, 11 Mar 2025 | NOK 269.7b | NOK 91.9b | NOK 24.7b | 8.3x | 10.9x | 2.9x |
| Thu, 06 Feb 2025 | NOK 272.4b | NOK 100.0b | NOK 30.6b | 5.6x | 8.9x | 2.7x |
| Sat, 04 Jan 2025 | NOK 260.5b | NOK 100.0b | NOK 30.6b | 5.6x | 8.5x | 2.6x |
| Mon, 02 Dec 2024 | NOK 266.7b | NOK 100.0b | NOK 30.6b | 5.7x | 8.7x | 2.7x |
| Wed, 30 Oct 2024 | NOK 263.9b | NOK 100.1b | NOK 30.0b | 6.8x | 8.8x | 2.6x |
| Fri, 27 Sep 2024 | NOK 265.1b | NOK 99.8b | NOK 26.4b | 7.1x | 10.1x | 2.7x |
| Sun, 25 Aug 2024 | NOK 248.4b | NOK 99.8b | NOK 26.4b | 7.4x | 9.4x | 2.5x |
| Tue, 23 Jul 2024 | NOK 250.0b | NOK 99.9b | NOK 25.8b | 6.5x | 9.7x | 2.5x |
| Thu, 20 Jun 2024 | NOK 244.8b | NOK 100.1b | NOK 24.0b | 7x | 10.2x | 2.4x |
| Sat, 18 May 2024 | NOK 397.9b | NOK 121.4b | NOK 22.4b | 8.4x | 17.8x | 3.3x |
| Mon, 15 Apr 2024 | NOK 384.7b | NOK 121.1b | NOK 10.4b | 4.3x | 37x | 3.2x |
| Wed, 13 Mar 2024 | NOK 369.4b | NOK 120.9b | NOK 10.5b | 19.8x | 35.3x | 3.1x |
| Fri, 09 Feb 2024 | NOK 371.2b | NOK 120.3b | -NOK 7,448,128,254.44 | 21.6x | -49.8x | 3.1x |
| Sun, 07 Jan 2024 | NOK 390.6b | NOK 145.2b | NOK 3.1b | 40x | 125.5x | 2.7x |
| Tue, 05 Dec 2023 | NOK 381.5b | NOK 146.1b | NOK 2.3b | 37.7x | 163x | 2.6x |
| Thu, 02 Nov 2023 | NOK 349.4b | NOK 145.8b | NOK 1.2b | 14.9x | 287.6x | 2.4x |
| Sat, 30 Sep 2023 | NOK 371.2b | NOK 144.1b | -NOK 17,410,344,471.00 | 26.3x | -21.3x | 2.6x |
| Mon, 28 Aug 2023 | NOK 313.3b | NOK 144.0b | -NOK 18,346,924,013.00 | 25.2x | -17.1x | 2.2x |
| Wed, 26 Jul 2023 | NOK 305.1b | NOK 143.1b | -NOK 17,700,290,082.00 | 158.6x | -17.2x | 2.1x |
| Fri, 23 Jun 2023 | NOK 306.0b | NOK 142.9b | -NOK 25,135,248,780.00 | 165.4x | -12.2x | 2.1x |
| Sun, 21 May 2023 | NOK 325.1b | NOK 142.6b | -NOK 24,702,998,666.00 | 155.4x | -13.2x | 2.3x |
| Tue, 18 Apr 2023 | NOK 334.7b | NOK 141.0b | -NOK 32,227,931,215.00 | 51.3x | -10.4x | 2.4x |
| Thu, 16 Mar 2023 | NOK 315.6b | NOK 140.9b | -NOK 31,871,958,290.00 | 51.7x | -9.9x | 2.2x |
Price to Earnings Ratio
-9.9x
Current Industry PE
- Investors are optimistic on the Norwegian Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.4x which is higher than its 3-year average PE of 24.8x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.4x.
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 | 1.13% | |
| Telecom | -1.46% | |
| Interactive Media and Services | 8.22% | |
| Media | 5.15% | |
| Entertainment | 1.29% | |
| Wireless Telecom | 0% | 0 |
| Telecom Services and Carriers | -3.57% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 373x.
- 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 | |
|---|---|---|---|---|---|
| VEND Vend Marketplaces | NOK 254.20 | 4.4% +NOK 2.3b | -8.0% | PS8.6x | |
| POL Polaris Media | NOK 59.50 | 2.6% +NOK 73.3m | -30.8% | PE3635.1x | |
| 5PG 5th Planet Games | NOK 0.91 | 0.7% +NOK 1.6m | -6.0% | PE53.3x |