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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.1%
  • 3M-13.6%
  • 1Y4.5%
  • YTD-0.1%

Over the last 7 days, the Telecom industry has dropped 1.1%, driven by a pullback from Telenor of 0.5%. In the past year, the industry has gained 4.1%. Looking forward, earnings are forecast to grow by 7.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026NOK 262.7bNOK 92.7bNOK 11.6b42.4x22.6x2.8x
Mon, 08 Dec 2025NOK 261.4bNOK 92.7bNOK 11.6b42.6x22.5x2.8x
Wed, 05 Nov 2025NOK 283.0bNOK 92.7bNOK 11.7b38.8x24.2x3.1x
Fri, 03 Oct 2025NOK 302.2bNOK 92.5bNOK 17.5b25.3x17.2x3.3x
Sun, 31 Aug 2025NOK 312.1bNOK 92.5bNOK 17.5b26.9x17.8x3.4x
Tue, 29 Jul 2025NOK 303.2bNOK 92.5bNOK 18.1b12x16.8x3.3x
Thu, 26 Jun 2025NOK 291.7bNOK 92.2bNOK 12.4b22.8x23.5x3.2x
Sat, 24 May 2025NOK 290.4bNOK 92.2bNOK 12.5b13.6x23.2x3.1x
Mon, 21 Apr 2025NOK 278.0bNOK 91.9bNOK 24.0b8.5x11.6x3x
Wed, 19 Mar 2025NOK 273.3bNOK 91.9bNOK 24.7b8.3x11x3x
Fri, 14 Feb 2025NOK 269.5bNOK 92.3bNOK 15.0b11.7x18x2.9x
Sun, 12 Jan 2025NOK 257.9bNOK 100.0bNOK 30.6b5.6x8.4x2.6x
Tue, 10 Dec 2024NOK 262.5bNOK 100.0bNOK 30.6b5.8x8.6x2.6x
Thu, 07 Nov 2024NOK 271.4bNOK 100.0bNOK 30.6b6.6x8.9x2.7x
Sat, 05 Oct 2024NOK 260.0bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Mon, 02 Sep 2024NOK 257.1bNOK 99.8bNOK 26.4b6.9x9.8x2.6x
Wed, 31 Jul 2024NOK 253.9bNOK 99.9bNOK 25.8b6.3x9.8x2.5x
Fri, 28 Jun 2024NOK 244.0bNOK 100.1bNOK 24.0b6.8x10.2x2.4x
Sun, 26 May 2024NOK 391.4bNOK 121.1bNOK 22.4b8.2x17.5x3.2x
Tue, 23 Apr 2024NOK 385.3bNOK 121.3bNOK 10.4b4.3x37.1x3.2x
Thu, 21 Mar 2024NOK 373.4bNOK 121.0bNOK 10.5b20.1x35.7x3.1x
Sat, 17 Feb 2024NOK 373.4bNOK 120.1b-NOK 7,248,977,112.5820.9x-51.5x3.1x
Mon, 15 Jan 2024NOK 391.0bNOK 145.2bNOK 3.1b38.4x125.4x2.7x
Wed, 13 Dec 2023NOK 391.9bNOK 146.3bNOK 2.1b37.5x182.6x2.7x
Fri, 10 Nov 2023NOK 365.0bNOK 146.0bNOK 959.0m15.2x380.6x2.5x
Sun, 08 Oct 2023NOK 369.8bNOK 144.6b-NOK 17,898,072,051.0025.9x-20.7x2.6x
Tue, 05 Sep 2023NOK 319.6bNOK 144.4b-NOK 17,781,090,169.0024.7x-18x2.2x
Thu, 03 Aug 2023NOK 305.8bNOK 143.3b-NOK 17,899,275,324.0092.1x-17.1x2.1x
Sat, 01 Jul 2023NOK 296.9bNOK 143.0b-NOK 25,244,969,932.00159.9x-11.8x2.1x
Mon, 29 May 2023NOK 315.8bNOK 143.4b-NOK 25,567,503,424.00157.3x-12.4x2.2x
Wed, 26 Apr 2023NOK 333.4bNOK 141.5b-NOK 32,697,771,249.0050.2x-10.2x2.4x
Fri, 24 Mar 2023NOK 332.0bNOK 140.7b-NOK 31,704,809,103.0049.8x-10.5x2.4x
Sun, 19 Feb 2023NOK 331.5bNOK 139.8b-NOK 12,027,989,475.00117.9x-27.6x2.4x
Tue, 17 Jan 2023NOK 298.9bNOK 151.9b-NOK 34,330,210,102.0017.4x-8.7x2x
Price to Earnings Ratio

-8.7x


Total Market Cap: NOK 298.9bTotal Earnings: -NOK 34,330,210,102.00Total Revenue: NOK 151.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 22.6x202420252026
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 22.6x.
  • 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-0.15%
Telecom-0.11%
Interactive Media and Services3.71%
Wireless Telecom0%0
Telecom Services and Carriers-1.23%
Media-2.59%
Entertainment-4.50%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 184x.
    • 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 16.6x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 9.3% 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 grow by 2.1% 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 291.003.7%
+NOK 2.2b
-12.5%PE42.2x

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