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Norwegian (OSEAX) Telecom Sector Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies6
- 7D-3.5%
- 3M-15.0%
- 1Y2.4%
- YTD4.8%
Over the last 7 days, the Telecom industry has dropped 3.5%, driven by Telenor declining 2.6%. In contrast, 5th Planet Games has gained 5.7%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 7.3% 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, 16 Nov 2025 | NOK 270.0b | NOK 92.7b | NOK 11.6b | 63.1x | 23.2x | 2.9x |
| Tue, 14 Oct 2025 | NOK 300.5b | NOK 92.5b | NOK 17.5b | 24.2x | 17.1x | 3.2x |
| Thu, 11 Sep 2025 | NOK 314.5b | NOK 92.5b | NOK 17.5b | 27.1x | 18x | 3.4x |
| Sat, 09 Aug 2025 | NOK 305.7b | NOK 92.5b | NOK 18.1b | 12x | 16.9x | 3.3x |
| Mon, 07 Jul 2025 | NOK 297.3b | NOK 92.2b | NOK 12.4b | 23.1x | 23.9x | 3.2x |
| Wed, 04 Jun 2025 | NOK 291.7b | NOK 92.2b | NOK 12.5b | 13.6x | 23.3x | 3.2x |
| Fri, 02 May 2025 | NOK 287.3b | NOK 91.9b | NOK 24.0b | 8.8x | 12x | 3.1x |
| Sun, 30 Mar 2025 | NOK 273.8b | NOK 91.9b | NOK 24.0b | 8.6x | 11.4x | 3x |
| Tue, 25 Feb 2025 | NOK 270.8b | NOK 91.9b | NOK 24.7b | 8.2x | 10.9x | 2.9x |
| Thu, 23 Jan 2025 | NOK 262.6b | NOK 100.0b | NOK 30.6b | 5.4x | 8.6x | 2.6x |
| Sat, 21 Dec 2024 | NOK 253.8b | NOK 100.0b | NOK 30.6b | 5.5x | 8.3x | 2.5x |
| Mon, 18 Nov 2024 | NOK 267.7b | NOK 100.0b | NOK 30.7b | 6.8x | 8.7x | 2.7x |
| Wed, 16 Oct 2024 | NOK 264.2b | NOK 99.8b | NOK 26.4b | 6.8x | 10x | 2.6x |
| Fri, 13 Sep 2024 | NOK 262.5b | NOK 99.8b | NOK 26.4b | 7.2x | 10x | 2.6x |
| Sun, 11 Aug 2024 | NOK 245.8b | NOK 99.9b | NOK 25.8b | 6.2x | 9.5x | 2.5x |
| Tue, 09 Jul 2024 | NOK 243.3b | NOK 100.1b | NOK 24.0b | 7.2x | 10.1x | 2.4x |
| Thu, 06 Jun 2024 | NOK 247.1b | NOK 100.1b | NOK 24.0b | 6.8x | 10.3x | 2.5x |
| Sat, 04 May 2024 | NOK 395.0b | NOK 121.5b | NOK 22.3b | 8.4x | 17.7x | 3.3x |
| Mon, 01 Apr 2024 | NOK 385.6b | NOK 121.2b | NOK 10.4b | 4.6x | 37.2x | 3.2x |
| Wed, 28 Feb 2024 | NOK 374.3b | NOK 120.3b | -NOK 7,426,344,292.82 | 21.5x | -50.4x | 3.1x |
| Fri, 26 Jan 2024 | NOK 398.1b | NOK 145.3b | NOK 3.1b | 36.2x | 128.3x | 2.7x |
| Sun, 24 Dec 2023 | NOK 384.1b | NOK 145.1b | NOK 3.2b | 39.2x | 121.8x | 2.6x |
| Tue, 21 Nov 2023 | NOK 359.4b | NOK 145.5b | NOK 1.4b | 15.1x | 265.1x | 2.5x |
| Thu, 19 Oct 2023 | NOK 368.1b | NOK 144.8b | -NOK 18,068,413,274.00 | 26x | -20.4x | 2.5x |
| Sat, 16 Sep 2023 | NOK 321.7b | NOK 144.4b | -NOK 17,691,049,604.00 | 24.9x | -18.2x | 2.2x |
| Mon, 14 Aug 2023 | NOK 314.0b | NOK 143.6b | -NOK 18,209,761,282.00 | 93.1x | -17.2x | 2.2x |
| Wed, 12 Jul 2023 | NOK 284.1b | NOK 142.5b | -NOK 24,674,600,229.00 | 154.1x | -11.5x | 2x |
| Fri, 09 Jun 2023 | NOK 309.8b | NOK 143.2b | -NOK 25,350,056,768.00 | 168.6x | -12.2x | 2.2x |
| Sun, 07 May 2023 | NOK 335.0b | NOK 142.4b | -NOK 23,594,728,557.00 | 157.3x | -14.2x | 2.4x |
| Tue, 04 Apr 2023 | NOK 312.8b | NOK 140.6b | -NOK 31,828,353,628.00 | 47.9x | -9.8x | 2.2x |
| Thu, 02 Mar 2023 | NOK 322.6b | NOK 140.4b | -NOK 31,371,395,353.00 | 53.2x | -10.3x | 2.3x |
| Sat, 28 Jan 2023 | NOK 312.9b | NOK 151.9b | -NOK 34,329,154,228.00 | 17.3x | -9.1x | 2.1x |
| Mon, 26 Dec 2022 | NOK 263.1b | NOK 151.5b | -NOK 34,341,108,661.00 | 20.1x | -7.7x | 1.7x |
| Wed, 23 Nov 2022 | NOK 288.1b | NOK 151.0b | -NOK 33,893,292,092.00 | 18.4x | -8.5x | 1.9x |
Price to Earnings Ratio
-8.5x
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 23.2x which is higher than its 3-year average PE of 21.0x.
- The industry is trading close to its 3-year average PS ratio of 2.7x.
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 | 0.65% | |
| Telecom | -3.51% | |
| Entertainment | 5.71% | |
| Wireless Telecom | 0% | 0 |
| Telecom Services and Carriers | -2.62% | |
| Media | -5.50% | |
| Interactive Media and Services | -5.95% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 19.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.4x.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 9.4% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% per year.
- In contrast, the Interactive Media and Services industry is expected to see its earnings growth to stay flat 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 0.74 | 5.7% +NOK 10.7m | -36.5% | PE83x |