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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies6
  • 7D2.6%
  • 3M9.9%
  • 1Y6.1%
  • YTD9.9%

Over the last 7 days, the Telecom industry has risen 2.5%, driven by gains from Telenor of 2.7%. This takes the industry's 12 month performance to a gain of 7.2%. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 18 Jul 2023NOK 291.5bNOK 142.2b-NOK 24,428,001,266.00165.4x-11.9x2.1x
Thu, 15 Jun 2023NOK 307.4bNOK 142.6b-NOK 24,777,494,345.00167x-12.4x2.2x
Sat, 13 May 2023NOK 327.9bNOK 142.3b-NOK 24,455,297,158.00159.9x-13.4x2.3x
Mon, 10 Apr 2023NOK 318.7bNOK 141.0b-NOK 32,227,883,611.0049.3x-9.9x2.3x
Price to Earnings Ratio

-9.9x


Total Market Cap: NOK 318.7bTotal Earnings: -NOK 32,227,883,611.00Total Revenue: NOK 141.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 25.7x202420252026
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 25.6x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.3x.
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 Market2.55%
Telecom2.55%
Entertainment20.81%
Telecom Services and Carriers2.59%
Interactive Media and Services2.46%
Wireless Telecom0%0
Media-1.58%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 457x.
    • 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 63% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 9.6% 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 170.302.6%
+NOK 5.9b		13.2%PE21.2x
VEND Vend MarketplacesNOK 241.802.5%
+NOK 1.2b		-16.0%PS8.1x
5PG 5th Planet GamesNOK 2.0920.8%
+NOK 96.6m		116.4%PE121.7x

Latest News

TEL
NOK 170.30
Telenor
7D
2.6%
1Y
13.2%
5PG
NOK 2.09
5th Planet Games
7D
20.8%
1Y
116.4%
VEND
NOK 241.80
Vend Marketplaces
7D
2.5%
1Y
-16.0%
POL
NOK 60.50
Polaris Media
7D
-1.6%
1Y
-28.8%