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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJul 01, 2025
DataAggregated Company Financials
Companies5
  • 7D1.6%
  • 3M7.5%
  • 1Y22.6%
  • YTD14.2%

In the last week, the Telecom industry is up 1.6%, with Vend Marketplaces up 4.0%. During this same period, the Mentor Medier underperformed, falling 13%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 8.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Jul 2025NOK 295.5bNOK 92.2bNOK 12.4b23.1x23.8x3.2x
Fri, 30 May 2025NOK 289.5bNOK 92.2bNOK 12.5b13.7x23.2x3.1x
Sun, 27 Apr 2025NOK 277.7bNOK 91.9bNOK 24.0b8.6x11.6x3x
Tue, 25 Mar 2025NOK 275.7bNOK 91.9bNOK 24.0b8.4x11.5x3x
Thu, 20 Feb 2025NOK 267.4bNOK 92.3bNOK 15.1b11.1x17.7x2.9x
Sat, 18 Jan 2025NOK 260.0bNOK 100.0bNOK 30.6b5.4x8.5x2.6x
Mon, 16 Dec 2024NOK 262.6bNOK 100.0bNOK 30.6b5.8x8.6x2.6x
Wed, 13 Nov 2024NOK 272.7bNOK 100.0bNOK 30.7b6.6x8.9x2.7x
Fri, 11 Oct 2024NOK 262.3bNOK 99.8bNOK 26.4b7.2x9.9x2.6x
Sun, 08 Sep 2024NOK 260.6bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Tue, 06 Aug 2024NOK 241.0bNOK 99.9bNOK 25.8b5.9x9.3x2.4x
Thu, 04 Jul 2024NOK 242.4bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Sat, 01 Jun 2024NOK 381.2bNOK 121.4bNOK 22.1b7.2x17.2x3.1x
Mon, 29 Apr 2024NOK 390.4bNOK 121.4bNOK 10.0b4.4x39x3.2x
Wed, 27 Mar 2024NOK 380.8bNOK 121.2bNOK 10.4b20x36.5x3.1x
Fri, 23 Feb 2024NOK 373.6bNOK 120.2b-NOK 7,335,321,296.1121.4x-50.9x3.1x
Sun, 21 Jan 2024NOK 398.5bNOK 145.5bNOK 2.9b38x139.8x2.7x
Tue, 19 Dec 2023NOK 392.1bNOK 145.4bNOK 3.0b38.9x132.3x2.7x
Thu, 16 Nov 2023NOK 360.2bNOK 145.5bNOK 1.4b15.1x265.8x2.5x
Sat, 14 Oct 2023NOK 373.5bNOK 144.5b-NOK 17,808,319,033.0026.3x-21x2.6x
Mon, 11 Sep 2023NOK 311.8bNOK 144.4b-NOK 17,684,434,863.0024.2x-17.6x2.2x
Wed, 09 Aug 2023NOK 305.3bNOK 143.4b-NOK 17,964,830,188.0091.9x-17x2.1x
Fri, 07 Jul 2023NOK 293.8bNOK 143.0b-NOK 25,237,063,480.00163.8x-11.6x2.1x
Sun, 04 Jun 2023NOK 320.4bNOK 143.2b-NOK 25,410,149,337.00167x-12.6x2.2x
Tue, 02 May 2023NOK 343.6bNOK 141.7b-NOK 17,121,270,820.0050.8x-20.1x2.4x
Thu, 30 Mar 2023NOK 312.6bNOK 140.8b-NOK 33,677,353,410.0047.5x-9.3x2.2x
Sat, 25 Feb 2023NOK 314.9bNOK 139.8b-NOK 12,029,693,890.00107.3x-26.2x2.3x
Mon, 23 Jan 2023NOK 304.9bNOK 151.9b-NOK 34,330,020,750.0017.1x-8.9x2x
Wed, 21 Dec 2022NOK 260.7bNOK 151.5b-NOK 34,339,719,382.0018.4x-7.6x1.7x
Fri, 18 Nov 2022NOK 289.9bNOK 151.1b-NOK 33,886,918,664.0018.4x-8.6x1.9x
Sun, 16 Oct 2022NOK 273.8bNOK 149.8b-NOK 29,476,591,741.0016.9x-9.3x1.8x
Tue, 13 Sep 2022NOK 306.0bNOK 149.0b-NOK 29,490,854,367.0019.1x-10.4x2.1x
Thu, 11 Aug 2022NOK 317.6bNOK 144.0b-NOK 28,836,758,617.00107.3x-11x2.2x
Sat, 09 Jul 2022NOK 333.7bNOK 143.5b-NOK 19,682,060,428.0097.5x-17x2.3x
Price to Earnings Ratio

-17x


Total Market Cap: NOK 333.7bTotal Earnings: -NOK 19,682,060,428.00Total Revenue: NOK 143.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 17.4x202320242025
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 23.8x which is higher than its 3-year average PE of 17.4x.
  • The 3-year average PS ratio of 2.5x 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 14% 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-1.11%
Telecom1.56%
Media2.10%
Telecom Services and Carriers1.36%
Interactive Media and Services0%0
Wireless Telecom0%0
Entertainment-0.46%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 1.4x.
    • Analysts are expecting annual earnings decline of 1.4%, which is lower than the prior year's growth of 117.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Media 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?

CompanyLast Price7D1YValuation
VENDA Vend MarketplacesNOK 358.804.0%
+NOK 3.1b
13.9%PE32.6x
TEL TelenorNOK 156.901.0%
+NOK 2.1b
30.0%PE23.1x
POL Polaris MediaNOK 61.500.8%
+NOK 24.5m
-19.6%PE4.4x