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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies6
  • 7D1.4%
  • 3M-9.6%
  • 1Y-3.1%
  • YTD3.1%

In the last week, the Telecom industry is up 1.4%, with Telenor up 2.3%. However, the industry is down 3.1% over the past year. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026NOK 269.5bNOK 86.1bNOK 12.9b198.7x20.9x3.1x
Sun, 12 Apr 2026NOK 287.7bNOK 86.5bNOK 10.3b209.3x27.9x3.3x
Tue, 10 Mar 2026NOK 288.5bNOK 86.5bNOK 10.2b53.4x28.2x3.3x
Thu, 05 Feb 2026NOK 273.6bNOK 92.7bNOK 11.6b41.6x23.5x3x
Sat, 03 Jan 2026NOK 263.1bNOK 92.7bNOK 11.6b42.5x22.6x2.8x
Mon, 01 Dec 2025NOK 263.8bNOK 92.7bNOK 11.6b43.6x22.7x2.8x
Wed, 29 Oct 2025NOK 300.2bNOK 92.5bNOK 17.5b24.2x17.1x3.2x
Fri, 26 Sep 2025NOK 298.6bNOK 92.5bNOK 17.5b25.7x17x3.2x
Sun, 24 Aug 2025NOK 312.9bNOK 92.5bNOK 18.1b11.9x17.3x3.4x
Tue, 22 Jul 2025NOK 311.3bNOK 91.3bNOK 18.1b12.5x17.2x3.4x
Thu, 19 Jun 2025NOK 289.6bNOK 92.2bNOK 12.4b22.5x23.3x3.1x
Sat, 17 May 2025NOK 291.2bNOK 92.2bNOK 12.5b13.8x23.3x3.2x
Mon, 14 Apr 2025NOK 265.8bNOK 91.9bNOK 24.0b8.2x11.1x2.9x
Wed, 12 Mar 2025NOK 268.1bNOK 91.9bNOK 24.7b8.3x10.8x2.9x
Fri, 07 Feb 2025NOK 274.8bNOK 100.0bNOK 30.6b5.5x9x2.7x
Sun, 05 Jan 2025NOK 260.5bNOK 100.0bNOK 30.6b5.6x8.5x2.6x
Tue, 03 Dec 2024NOK 265.3bNOK 100.0bNOK 30.6b5.7x8.7x2.7x
Thu, 31 Oct 2024NOK 274.2bNOK 100.1bNOK 30.0b6.8x9.1x2.7x
Sat, 28 Sep 2024NOK 263.9bNOK 99.8bNOK 26.4b7.1x10x2.6x
Mon, 26 Aug 2024NOK 248.4bNOK 99.8bNOK 26.4b7.4x9.4x2.5x
Wed, 24 Jul 2024NOK 250.9bNOK 99.9bNOK 25.8b6.4x9.7x2.5x
Fri, 21 Jun 2024NOK 244.8bNOK 100.1bNOK 24.0b7x10.2x2.4x
Sun, 19 May 2024NOK 397.9bNOK 121.3bNOK 22.4b8.4x17.8x3.3x
Tue, 16 Apr 2024NOK 382.8bNOK 121.1bNOK 10.4b4.3x36.8x3.2x
Thu, 14 Mar 2024NOK 370.9bNOK 120.8bNOK 10.5b20x35.5x3.1x
Sat, 10 Feb 2024NOK 368.3bNOK 120.2b-NOK 7,335,072,235.5921.7x-50.2x3.1x
Mon, 08 Jan 2024NOK 390.6bNOK 145.2bNOK 3.1b40x125.5x2.7x
Wed, 06 Dec 2023NOK 384.2bNOK 146.2bNOK 2.3b37.9x170.7x2.6x
Fri, 03 Nov 2023NOK 350.4bNOK 145.8bNOK 1.2b14.9x293.4x2.4x
Sun, 01 Oct 2023NOK 371.2bNOK 144.1b-NOK 17,460,058,832.0026.3x-21.3x2.6x
Tue, 29 Aug 2023NOK 316.2bNOK 144.1b-NOK 18,424,821,520.0025.6x-17.2x2.2x
Thu, 27 Jul 2023NOK 305.7bNOK 143.3b-NOK 17,858,192,843.00162.2x-17.1x2.1x
Sat, 24 Jun 2023NOK 303.0bNOK 143.3b-NOK 25,464,865,237.00165.4x-11.9x2.1x
Mon, 22 May 2023NOK 325.1bNOK 142.6b-NOK 24,702,998,666.00155.4x-13.2x2.3x
Price to Earnings Ratio

-13.2x


Total Market Cap: NOK 325.1bTotal Earnings: -NOK 24,702,998,666.00Total Revenue: NOK 142.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 27.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.9x which is lower than its 3-year average PE of 27.1x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.1x.
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-1.25%
Telecom1.43%
Telecom Services and Carriers2.34%
Wireless Telecom0%0
Entertainment-0.85%
Interactive Media and Services-1.96%
Media-3.11%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 504x.
    • 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 101% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 5.2% 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 157.502.1%
+NOK 4.4b		2.3%PE12.8x
POL Polaris MediaNOK 59.000.7%
+NOK 19.6m		-15.1%PE384.5x

Latest News

TEL
NOK 157.50
Telenor
7D
2.1%
1Y
2.3%
VEND
NOK 240.60
Vend Marketplaces
7D
-2.0%
1Y
-28.0%
POL
NOK 59.00
Polaris Media
7D
0.7%
1Y
-15.1%
5PG
NOK 1.76
5th Planet Games
7D
-3.6%
1Y
90.3%