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Norwegian (OSEAX) Telecom Sector Analysis
UpdatedMar 27, 2026
DataAggregated Company Financials
Companies6
- 7D-1.7%
- 3M9.6%
- 1Y5.6%
- YTD7.2%
Over the last 7 days, the Telecom industry has dropped 1.7%, driven by a pullback from Telenor of 1.4%. Meanwhile, 5th Planet Games actually outperformed within the industry, gaining 32% in the last week. Over the past 12 months, the industry was up 5.6%. As for the next few years, earnings are expected to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Fri, 27 Mar 2026 | NOK 280.6b | NOK 86.5b | NOK 10.2b | 101.3x | 27.4x | 3.2x |
| Sun, 22 Feb 2026 | NOK 291.5b | NOK 86.5b | NOK 10.2b | 60.9x | 28.5x | 3.4x |
| Tue, 20 Jan 2026 | NOK 263.4b | NOK 92.7b | NOK 11.6b | 42.3x | 22.7x | 2.8x |
| Thu, 18 Dec 2025 | NOK 259.9b | NOK 92.7b | NOK 11.6b | 41.4x | 22.4x | 2.8x |
| Sat, 15 Nov 2025 | NOK 269.8b | NOK 92.7b | NOK 11.6b | 64.6x | 23.2x | 2.9x |
| Mon, 13 Oct 2025 | NOK 304.3b | NOK 92.5b | NOK 17.5b | 24.8x | 17.4x | 3.3x |
| Wed, 10 Sep 2025 | NOK 315.1b | NOK 92.5b | NOK 17.5b | 27x | 18x | 3.4x |
| Fri, 08 Aug 2025 | NOK 307.8b | NOK 92.5b | NOK 18.1b | 12.2x | 17x | 3.3x |
| Sun, 06 Jul 2025 | NOK 297.3b | NOK 92.2b | NOK 12.4b | 23.1x | 23.9x | 3.2x |
| Tue, 03 Jun 2025 | NOK 291.8b | NOK 92.2b | NOK 12.5b | 13.8x | 23.3x | 3.2x |
| Thu, 01 May 2025 | NOK 287.3b | NOK 91.9b | NOK 24.0b | 8.8x | 12x | 3.1x |
| Sat, 29 Mar 2025 | NOK 273.8b | NOK 91.9b | NOK 24.0b | 8.6x | 11.4x | 3x |
| Mon, 24 Feb 2025 | NOK 268.7b | NOK 91.9b | NOK 24.7b | 8.1x | 10.9x | 2.9x |
| Wed, 22 Jan 2025 | NOK 262.6b | NOK 100.0b | NOK 30.6b | 5.4x | 8.6x | 2.6x |
| Fri, 20 Dec 2024 | NOK 255.3b | NOK 100.0b | NOK 30.6b | 5.5x | 8.3x | 2.6x |
| Sun, 17 Nov 2024 | NOK 267.7b | NOK 100.0b | NOK 30.7b | 6.8x | 8.7x | 2.7x |
| Tue, 15 Oct 2024 | NOK 260.2b | NOK 99.8b | NOK 26.4b | 7.1x | 9.9x | 2.6x |
| Thu, 12 Sep 2024 | NOK 262.7b | NOK 99.9b | NOK 26.4b | 7.2x | 10x | 2.6x |
| Sat, 10 Aug 2024 | NOK 244.6b | NOK 99.9b | NOK 25.8b | 6.1x | 9.5x | 2.4x |
| Mon, 08 Jul 2024 | NOK 241.3b | NOK 100.1b | NOK 24.0b | 6.7x | 10.1x | 2.4x |
| Wed, 05 Jun 2024 | NOK 247.9b | NOK 100.1b | NOK 24.0b | 6.9x | 10.3x | 2.5x |
| Fri, 03 May 2024 | NOK 394.3b | NOK 121.7b | NOK 22.3b | 8.5x | 17.7x | 3.2x |
| Sun, 31 Mar 2024 | NOK 385.6b | NOK 121.2b | NOK 10.4b | 4.6x | 37.2x | 3.2x |
| Tue, 27 Feb 2024 | NOK 375.8b | NOK 120.3b | -NOK 7,402,622,188.96 | 21.8x | -50.8x | 3.1x |
| Thu, 25 Jan 2024 | NOK 396.3b | NOK 145.4b | NOK 3.0b | 36.7x | 133.6x | 2.7x |
| Sat, 23 Dec 2023 | NOK 384.1b | NOK 145.1b | NOK 3.2b | 39.2x | 121.9x | 2.6x |
| Mon, 20 Nov 2023 | NOK 363.7b | NOK 145.7b | NOK 1.2b | 15.2x | 300.7x | 2.5x |
| Wed, 18 Oct 2023 | NOK 371.6b | NOK 144.6b | -NOK 17,894,846,128.00 | 26.2x | -20.8x | 2.6x |
| Fri, 15 Sep 2023 | NOK 321.7b | NOK 144.4b | -NOK 17,691,049,604.00 | 24.9x | -18.2x | 2.2x |
| Sun, 13 Aug 2023 | NOK 314.0b | NOK 143.6b | -NOK 18,209,761,282.00 | 93.1x | -17.2x | 2.2x |
| Tue, 11 Jul 2023 | NOK 289.2b | NOK 142.7b | -NOK 24,959,448,392.00 | 160.5x | -11.6x | 2x |
| Thu, 08 Jun 2023 | NOK 315.1b | NOK 143.3b | -NOK 25,422,554,779.00 | 168.6x | -12.4x | 2.2x |
| Sat, 06 May 2023 | NOK 335.0b | NOK 142.3b | -NOK 23,586,825,162.00 | 49.8x | -14.2x | 2.4x |
| Mon, 03 Apr 2023 | NOK 316.6b | NOK 140.8b | -NOK 32,047,199,088.00 | 49.9x | -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 25.4x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.2x.
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 | -0.64% | |
| Telecom | -1.71% | |
| Entertainment | 31.56% | |
| Media | 0.80% | |
| Wireless Telecom | 0% | 0 |
| Telecom Services and Carriers | -1.43% | |
| Interactive Media and Services | -3.36% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 436x.
- 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 1.73 | 31.6% +NOK 111.4m | 64.8% | PE101.3x | |
| POL Polaris Media | NOK 61.50 | 0.8% +NOK 24.4m | -27.2% | PE3757.3x |