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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies6
  • 7D0.6%
  • 3M-11.8%
  • 1Y2.9%
  • YTD0.2%

In the last week, the Telecom industry is flat overall, with Vend Marketplaces standing out by going down 4.1%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 7.2% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026NOK 263.4bNOK 92.7bNOK 11.6b42.3x22.7x2.8x
Thu, 18 Dec 2025NOK 259.9bNOK 92.7bNOK 11.6b41.4x22.4x2.8x
Sat, 15 Nov 2025NOK 269.8bNOK 92.7bNOK 11.6b64.6x23.2x2.9x
Mon, 13 Oct 2025NOK 304.3bNOK 92.5bNOK 17.5b24.8x17.4x3.3x
Wed, 10 Sep 2025NOK 315.1bNOK 92.5bNOK 17.5b27x18x3.4x
Fri, 08 Aug 2025NOK 307.8bNOK 92.5bNOK 18.1b12.2x17x3.3x
Sun, 06 Jul 2025NOK 297.3bNOK 92.2bNOK 12.4b23.1x23.9x3.2x
Tue, 03 Jun 2025NOK 291.8bNOK 92.2bNOK 12.5b13.8x23.3x3.2x
Thu, 01 May 2025NOK 287.3bNOK 91.9bNOK 24.0b8.8x12x3.1x
Sat, 29 Mar 2025NOK 273.8bNOK 91.9bNOK 24.0b8.6x11.4x3x
Mon, 24 Feb 2025NOK 268.7bNOK 91.9bNOK 24.7b8.1x10.9x2.9x
Wed, 22 Jan 2025NOK 262.6bNOK 100.0bNOK 30.6b5.4x8.6x2.6x
Fri, 20 Dec 2024NOK 255.3bNOK 100.0bNOK 30.6b5.5x8.3x2.6x
Sun, 17 Nov 2024NOK 267.7bNOK 100.0bNOK 30.7b6.8x8.7x2.7x
Tue, 15 Oct 2024NOK 260.2bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Thu, 12 Sep 2024NOK 262.7bNOK 99.9bNOK 26.4b7.2x10x2.6x
Sat, 10 Aug 2024NOK 244.6bNOK 99.9bNOK 25.8b6.1x9.5x2.4x
Mon, 08 Jul 2024NOK 241.3bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Wed, 05 Jun 2024NOK 247.9bNOK 100.1bNOK 24.0b6.9x10.3x2.5x
Fri, 03 May 2024NOK 394.3bNOK 121.7bNOK 22.3b8.5x17.7x3.2x
Sun, 31 Mar 2024NOK 385.6bNOK 121.2bNOK 10.4b4.6x37.2x3.2x
Tue, 27 Feb 2024NOK 375.8bNOK 120.3b-NOK 7,402,622,188.9621.8x-50.8x3.1x
Thu, 25 Jan 2024NOK 396.3bNOK 145.4bNOK 3.0b36.7x133.6x2.7x
Sat, 23 Dec 2023NOK 384.1bNOK 145.1bNOK 3.2b39.2x121.9x2.6x
Mon, 20 Nov 2023NOK 363.7bNOK 145.7bNOK 1.2b15.2x300.7x2.5x
Wed, 18 Oct 2023NOK 371.6bNOK 144.6b-NOK 17,894,846,128.0026.2x-20.8x2.6x
Fri, 15 Sep 2023NOK 321.7bNOK 144.4b-NOK 17,691,049,604.0024.9x-18.2x2.2x
Sun, 13 Aug 2023NOK 314.0bNOK 143.6b-NOK 18,209,761,282.0093.1x-17.2x2.2x
Tue, 11 Jul 2023NOK 289.2bNOK 142.7b-NOK 24,959,448,392.00160.5x-11.6x2x
Thu, 08 Jun 2023NOK 315.1bNOK 143.3b-NOK 25,422,554,779.00168.6x-12.4x2.2x
Sat, 06 May 2023NOK 335.0bNOK 142.3b-NOK 23,586,825,162.0049.8x-14.2x2.4x
Mon, 03 Apr 2023NOK 316.6bNOK 140.8b-NOK 32,047,199,088.0049.9x-9.9x2.2x
Wed, 01 Mar 2023NOK 318.3bNOK 139.8b-NOK 12,028,914,941.00111.1x-26.5x2.3x
Fri, 27 Jan 2023NOK 314.2bNOK 151.9b-NOK 34,328,353,207.0017.1x-9.2x2.1x
Price to Earnings Ratio

-9.2x


Total Market Cap: NOK 314.2bTotal Earnings: -NOK 34,328,353,207.00Total Revenue: NOK 151.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 22.9x202420252026
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 22.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
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 Market1.20%
Telecom0.62%
Telecom Services and Carriers2.16%
Entertainment1.03%
Wireless Telecom0%0
Media-0.57%
Interactive Media and Services-4.11%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 222x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 8.8% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% per year.
  • In contrast, the Interactive Media and Services 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
TEL TelenorNOK 145.802.7%
+NOK 5.2b		8.8%PE19.7x
POL Polaris MediaNOK 56.003.7%
+NOK 97.8m		-32.5%PE3421.3x
5PG 5th Planet GamesNOK 0.802.3%
+NOK 4.8m		-33.2%PE44.6x

Latest News

5PG
NOK 0.80
5th Planet Games
7D
2.3%
1Y
-33.2%
POL
NOK 56.00
Polaris Media
7D
3.7%
1Y
-32.5%

These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well

Dec 19
These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well
VEND
NOK 280.40
Vend Marketplaces
7D
-3.8%
1Y
-12.0%
TEL
NOK 145.80
Telenor
7D
2.7%
1Y
8.8%