Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Telecom Sector Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies6
  • 7D1.2%
  • 3M-11.8%
  • 1Y-22.5%
  • YTD-7.8%

Over the last 7 days, the Telecom industry has risen 1.2%, driven by gains from every company within the industry. In the past year, the industry is down 23%. 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
Wed, 19 Aug 2026NOK 239.8bNOK 85.1bNOK 7.7b172.7x31.3x2.8x
Fri, 17 Jul 2026NOK 231.3bNOK 86.1bNOK 12.9b154.1x17.9x2.7x
Sun, 14 Jun 2026NOK 260.7bNOK 86.1bNOK 12.9b140.8x20.2x3x
Tue, 12 May 2026NOK 267.3bNOK 86.1bNOK 12.9b205.7x20.7x3.1x
Thu, 09 Apr 2026NOK 287.9bNOK 86.5bNOK 10.3b118.4x28x3.3x
Sat, 07 Mar 2026NOK 290.7bNOK 86.5bNOK 10.2b55.3x28.4x3.4x
Mon, 02 Feb 2026NOK 281.6bNOK 92.7bNOK 11.6b44x24.2x3x
Wed, 31 Dec 2025NOK 264.1bNOK 92.7bNOK 11.6b42.6x22.7x2.8x
Fri, 28 Nov 2025NOK 265.6bNOK 92.7bNOK 11.6b42.3x22.9x2.9x
Sun, 26 Oct 2025NOK 298.9bNOK 92.5bNOK 17.5b24.3x17.1x3.2x
Tue, 23 Sep 2025NOK 301.7bNOK 92.5bNOK 17.5b26.6x17.2x3.3x
Thu, 21 Aug 2025NOK 314.5bNOK 92.5bNOK 18.1b11.9x17.4x3.4x
Sat, 19 Jul 2025NOK 311.3bNOK 92.2bNOK 12.4b24x25x3.4x
Mon, 16 Jun 2025NOK 291.0bNOK 92.2bNOK 12.4b22.5x23.4x3.2x
Wed, 14 May 2025NOK 286.0bNOK 92.2bNOK 12.5b14.6x22.9x3.1x
Fri, 11 Apr 2025NOK 264.6bNOK 91.9bNOK 24.0b8.3x11x2.9x
Sun, 09 Mar 2025NOK 268.6bNOK 91.9bNOK 24.7b8.3x10.9x2.9x
Tue, 04 Feb 2025NOK 269.3bNOK 100.0bNOK 30.6b5.4x8.8x2.7x
Thu, 02 Jan 2025NOK 257.2bNOK 100.0bNOK 30.6b5.5x8.4x2.6x
Sat, 30 Nov 2024NOK 266.7bNOK 100.0bNOK 30.6b5.7x8.7x2.7x
Mon, 28 Oct 2024NOK 264.3bNOK 100.1bNOK 30.0b6.7x8.8x2.6x
Wed, 25 Sep 2024NOK 264.9bNOK 99.8bNOK 26.4b7x10x2.7x
Fri, 23 Aug 2024NOK 247.2bNOK 99.8bNOK 26.4b7.2x9.4x2.5x
Sun, 21 Jul 2024NOK 247.2bNOK 99.9bNOK 25.8b6.4x9.6x2.5x
Tue, 18 Jun 2024NOK 239.5bNOK 100.1bNOK 24.0b6.8x10x2.4x
Thu, 16 May 2024NOK 395.6bNOK 121.3bNOK 22.4b8.3x17.7x3.3x
Sat, 13 Apr 2024NOK 384.7bNOK 121.1bNOK 10.4b4.3x37x3.2x
Mon, 11 Mar 2024NOK 368.5bNOK 120.7bNOK 10.5b21x35.2x3.1x
Wed, 07 Feb 2024NOK 366.0bNOK 140.9bNOK 4.2b18.8x87.3x2.6x
Fri, 05 Jan 2024NOK 389.8bNOK 145.2bNOK 3.1b39.9x125.9x2.7x
Sun, 03 Dec 2023NOK 378.2bNOK 145.8bNOK 2.6b38.1x148x2.6x
Tue, 31 Oct 2023NOK 343.8bNOK 145.8bNOK 1.2b14.7x281.2x2.4x
Thu, 28 Sep 2023NOK 371.3bNOK 144.1b-NOK 17,427,577,890.0026.4x-21.3x2.6x
Sat, 26 Aug 2023NOK 313.3bNOK 144.0b-NOK 18,388,874,592.0025.2x-17x2.2x
Price to Earnings Ratio

-17x


Total Market Cap: NOK 313.3bTotal Earnings: -NOK 18,388,874,592.00Total Revenue: NOK 144.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 30.4x202420252026
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 30.4x.
  • 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 Market1.36%
Telecom1.19%
Entertainment10.33%
Telecom Services and Carriers1.27%
Interactive Media and Services0.89%
Media0.56%
Wireless Telecom0%0
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 531x.
    • 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
TEL TelenorNOK 135.202.0%
+NOK 3.5b		-19.0%PE11.5x
VEND Vend MarketplacesNOK 247.802.2%
+NOK 1.1b		-35.2%PS8.1x
POL Polaris MediaNOK 60.803.1%
+NOK 88.0m		0.5%PE288.5x
5PG 5th Planet GamesNOK 1.6519.6%
+NOK 72.5m		98.8%PE190.5x

Latest News

POL
NOK 60.80
Polaris Media
7D
3.1%
1Y
0.5%
TEL
NOK 135.20
Telenor
7D
2.0%
1Y
-19.0%
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 247.80
Vend Marketplaces
7D
2.2%
1Y
-35.2%
5PG
NOK 1.65
5th Planet Games
7D
19.6%
1Y
98.8%