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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.4%
  • 3M-12.6%
  • 1Y-23.5%
  • YTD-9.8%

The Telecom industry has stayed flat over the last week. Unfortunately though, the industry is down 24% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026NOK 234.6bNOK 85.1bNOK 7.7b158.8x30.6x2.8x
Sat, 11 Jul 2026NOK 251.9bNOK 86.1bNOK 12.9b149.9x19.5x2.9x
Mon, 08 Jun 2026NOK 259.5bNOK 86.1bNOK 12.9b162.8x20.1x3x
Wed, 06 May 2026NOK 263.8bNOK 86.1bNOK 12.9b198.5x20.5x3.1x
Fri, 03 Apr 2026NOK 287.6bNOK 86.5bNOK 10.3b121.7x27.9x3.3x
Sun, 01 Mar 2026NOK 295.2bNOK 86.5bNOK 10.2b54.2x28.8x3.4x
Tue, 27 Jan 2026NOK 278.6bNOK 92.7bNOK 11.6b45.3x24x3x
Thu, 25 Dec 2025NOK 257.2bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Sat, 22 Nov 2025NOK 264.6bNOK 92.7bNOK 11.6b39.3x22.8x2.9x
Mon, 20 Oct 2025NOK 300.5bNOK 92.5bNOK 17.5b23.8x17.2x3.2x
Wed, 17 Sep 2025NOK 312.9bNOK 92.5bNOK 17.5b27.1x17.9x3.4x
Fri, 15 Aug 2025NOK 313.7bNOK 92.5bNOK 18.1b12.2x17.3x3.4x
Sun, 13 Jul 2025NOK 295.1bNOK 92.2bNOK 12.4b23x23.7x3.2x
Tue, 10 Jun 2025NOK 293.6bNOK 92.2bNOK 12.4b22.8x23.6x3.2x
Thu, 08 May 2025NOK 298.2bNOK 92.2bNOK 12.5b15x23.9x3.2x
Sat, 05 Apr 2025NOK 268.9bNOK 91.9bNOK 24.0b8.4x11.2x2.9x
Mon, 03 Mar 2025NOK 273.7bNOK 91.9bNOK 24.7b8.2x11.1x3x
Wed, 29 Jan 2025NOK 263.8bNOK 100.0bNOK 30.6b5.5x8.6x2.6x
Fri, 27 Dec 2024NOK 254.3bNOK 100.0bNOK 30.6b5.5x8.3x2.5x
Sun, 24 Nov 2024NOK 267.2bNOK 100.0bNOK 30.6b5.7x8.7x2.7x
Tue, 22 Oct 2024NOK 260.7bNOK 99.8bNOK 26.4b6x9.9x2.6x
Thu, 19 Sep 2024NOK 262.2bNOK 99.8bNOK 26.4b7.3x9.9x2.6x
Sat, 17 Aug 2024NOK 249.1bNOK 99.9bNOK 25.8b6.2x9.6x2.5x
Mon, 15 Jul 2024NOK 245.5bNOK 100.1bNOK 24.0b6.8x10.2x2.5x
Wed, 12 Jun 2024NOK 242.6bNOK 100.1bNOK 24.0b7x10.1x2.4x
Fri, 10 May 2024NOK 389.4bNOK 121.6bNOK 22.3b8.4x17.4x3.2x
Sun, 07 Apr 2024NOK 390.9bNOK 121.1bNOK 10.4b4.7x37.7x3.2x
Tue, 05 Mar 2024NOK 368.8bNOK 120.8bNOK 10.5b21.3x35.3x3.1x
Thu, 01 Feb 2024NOK 391.9bNOK 145.4bNOK 3.0b30.2x129.5x2.7x
Sat, 30 Dec 2023NOK 383.9bNOK 145.0bNOK 3.2b39.4x118.4x2.6x
Mon, 27 Nov 2023NOK 371.5bNOK 146.0bNOK 2.4b37.1x157.3x2.5x
Wed, 25 Oct 2023NOK 340.1bNOK 145.1b-NOK 18,346,111,192.0024.6x-18.5x2.3x
Fri, 22 Sep 2023NOK 344.8bNOK 144.5b-NOK 17,782,820,147.0026.8x-19.4x2.4x
Sun, 20 Aug 2023NOK 308.5bNOK 144.0b-NOK 18,481,447,291.0092.2x-16.7x2.1x
Price to Earnings Ratio

-16.7x


Total Market Cap: NOK 308.5bTotal Earnings: -NOK 18,481,447,291.00Total Revenue: NOK 144.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 30.1x202420252026
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 30.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
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 16% 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 Market2.55%
Telecom-0.42%
Media2.51%
Wireless Telecom0%0
Telecom Services and Carriers-0.075%
Entertainment-1.43%
Interactive Media and Services-1.78%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 529x.
    • 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 108% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 5.5% 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 244.801.9%
+NOK 955.6m		-37.5%PS8x
POL Polaris MediaNOK 60.003.4%
+NOK 97.8m		-1.6%PE274.1x
MENTOR Mentor MedierNOK 29.0011.5%
+NOK 17.3m		176.2%n/a
5PG 5th Planet GamesNOK 1.404.5%
+NOK 16.1m		73.1%PE160x
NHST NHST HoldingNOK 106.005.0%
+NOK 7.8m		n/aPE2.4x

Latest News

TEL
NOK 133.70
Telenor
7D
-1.2%
1Y
-18.9%
Narrative Update • Aug 12

TEL: Nordics Expansion And Capital Returns Will Support Future Upside Potential

Telenor's analyst fair value estimate has been adjusted from NOK 164.35 to NOK 160.95. This reflects a group of recent price target resets in the NOK 135 to NOK 160 range as analysts update their views on discount rates, more moderate revenue assumptions and slightly firmer profit margins.
VEND
NOK 244.80
Vend Marketplaces
7D
1.9%
1Y
-37.5%
NHST
NOK 106.00
NHST Holding
7D
5.0%
1Y
n/a
5PG
NOK 1.40
5th Planet Games
7D
4.5%
1Y
73.1%
POL
NOK 60.00
Polaris Media
7D
3.4%
1Y
-1.6%
Analysis Article • May 20

Investors Can Find Comfort In Polaris Media's (OB:POL) Earnings Quality

Soft earnings didn't appear to concern Polaris Media ASA's ( OB:POL ) shareholders over the last week. We think that...