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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies6
  • 7D1.2%
  • 3M12.4%
  • 1Y10.0%
  • YTD12.5%

The Telecom industry is up 1.2% in the last week, with Telenor up 1.2%. Meanwhile, 5th Planet Games actually underperformed within the industry, shrinking 11% in the last week. This means that the industry has gained 10.0% over the past year. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026NOK 295.2bNOK 86.5bNOK 10.2b54.2x28.8x3.4x
Wed, 28 Jan 2026NOK 276.0bNOK 92.7bNOK 11.6b44x23.7x3x
Fri, 26 Dec 2025NOK 257.2bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Sun, 23 Nov 2025NOK 264.6bNOK 92.7bNOK 11.6b39.3x22.8x2.9x
Tue, 21 Oct 2025NOK 298.5bNOK 92.5bNOK 17.5b23.8x17x3.2x
Thu, 18 Sep 2025NOK 310.6bNOK 92.5bNOK 17.5b26.9x17.7x3.4x
Sat, 16 Aug 2025NOK 313.8bNOK 92.5bNOK 18.1b12.1x17.3x3.4x
Mon, 14 Jul 2025NOK 295.1bNOK 92.2bNOK 12.4b23x23.7x3.2x
Wed, 11 Jun 2025NOK 290.0bNOK 92.2bNOK 12.4b22.6x23.3x3.1x
Fri, 09 May 2025NOK 291.4bNOK 92.2bNOK 12.5b15x23.3x3.2x
Sun, 06 Apr 2025NOK 268.7bNOK 91.9bNOK 24.0b8.4x11.2x2.9x
Tue, 04 Mar 2025NOK 274.1bNOK 91.9bNOK 24.7b8.3x11.1x3x
Thu, 30 Jan 2025NOK 268.9bNOK 100.0bNOK 30.6b5.5x8.8x2.7x
Sat, 28 Dec 2024NOK 257.8bNOK 100.0bNOK 30.6b5.8x8.4x2.6x
Mon, 25 Nov 2024NOK 267.2bNOK 100.0bNOK 30.6b5.7x8.7x2.7x
Wed, 23 Oct 2024NOK 257.5bNOK 99.8bNOK 26.4b6.1x9.8x2.6x
Fri, 20 Sep 2024NOK 260.8bNOK 99.8bNOK 26.4b6.9x9.9x2.6x
Sun, 18 Aug 2024NOK 249.1bNOK 99.9bNOK 25.8b6.2x9.6x2.5x
Tue, 16 Jul 2024NOK 245.5bNOK 100.1bNOK 24.0b6.6x10.2x2.5x
Thu, 13 Jun 2024NOK 242.6bNOK 100.1bNOK 24.0b7x10.1x2.4x
Sat, 11 May 2024NOK 391.8bNOK 121.5bNOK 22.3b8.4x17.5x3.2x
Mon, 08 Apr 2024NOK 390.9bNOK 121.1bNOK 10.4b4.7x37.7x3.2x
Wed, 06 Mar 2024NOK 367.7bNOK 120.8bNOK 10.5b20.9x35.2x3x
Fri, 02 Feb 2024NOK 390.9bNOK 145.4bNOK 3.0b29.3x128.2x2.7x
Sun, 31 Dec 2023NOK 383.9bNOK 145.1bNOK 3.2b39.4x119.5x2.6x
Tue, 28 Nov 2023NOK 375.6bNOK 146.0bNOK 2.4b37.7x154.1x2.6x
Thu, 26 Oct 2023NOK 345.0bNOK 145.1b-NOK 18,391,595,928.0025.1x-18.8x2.4x
Sat, 23 Sep 2023NOK 377.8bNOK 144.4b-NOK 17,697,058,362.0026.7x-21.3x2.6x
Mon, 21 Aug 2023NOK 308.5bNOK 144.0b-NOK 18,481,447,291.0092.2x-16.7x2.1x
Wed, 19 Jul 2023NOK 292.4bNOK 142.2b-NOK 24,469,846,350.00156.1x-11.9x2.1x
Fri, 16 Jun 2023NOK 308.0bNOK 142.6b-NOK 24,832,486,721.00167x-12.4x2.2x
Sun, 14 May 2023NOK 327.9bNOK 142.3b-NOK 24,431,419,495.00159.9x-13.4x2.3x
Tue, 11 Apr 2023NOK 318.7bNOK 141.0b-NOK 32,227,883,611.0049.3x-9.9x2.3x
Thu, 09 Mar 2023NOK 324.4bNOK 140.7b-NOK 31,655,606,754.0050.5x-10.2x2.3x
Price to Earnings Ratio

-10.2x


Total Market Cap: NOK 324.4bTotal Earnings: -NOK 31,655,606,754.00Total Revenue: NOK 140.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 24.5x202420252026
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 28.8x which is higher than its 3-year average PE of 24.5x.
  • 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 Market0.43%
Telecom1.22%
Media2.38%
Interactive Media and Services1.27%
Telecom Services and Carriers1.21%
Wireless Telecom0%0
Entertainment-11.00%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 346x.
    • 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 61% 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?

CompanyLast Price7D1YValuation
TEL TelenorNOK 176.301.2%
+NOK 3.1b		20.9%PE22.1x
VEND Vend MarketplacesNOK 238.400.9%
+NOK 469.2m		-21.2%PS8x
POL Polaris MediaNOK 56.502.7%
+NOK 73.3m		-34.3%PE3451.8x
MENTOR Mentor MedierNOK 15.0025.0%
+NOK 17.3m		36.4%n/a

Latest News

POL
NOK 56.50
Polaris Media
7D
2.7%
1Y
-34.3%
TEL
NOK 176.30
Telenor
7D
1.2%
1Y
20.9%
5PG
NOK 0.93
5th Planet Games
7D
-11.0%
1Y
-12.3%
VEND
NOK 238.40
Vend Marketplaces
7D
0.9%
1Y
-21.2%