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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies6
  • 7D2.2%
  • 3M9.3%
  • 1Y6.3%
  • YTD9.7%

Over the last 7 days, the Telecom industry has remained flat, although notably 5th Planet Games declined by 7.8%. As for the the longer term, the industry is up 5.5% 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
Wed, 01 Apr 2026NOK 287.1bNOK 86.5bNOK 10.3b117x27.9x3.3x
Fri, 27 Feb 2026NOK 288.0bNOK 86.5bNOK 10.2b55.8x28.1x3.3x
Sun, 25 Jan 2026NOK 276.9bNOK 92.7bNOK 11.6b44.9x23.8x3x
Tue, 23 Dec 2025NOK 256.5bNOK 92.7bNOK 11.6b41.8x22.1x2.8x
Thu, 20 Nov 2025NOK 261.8bNOK 92.7bNOK 11.6b63.9x22.5x2.8x
Sat, 18 Oct 2025NOK 300.5bNOK 92.5bNOK 17.5b23.8x17.2x3.2x
Mon, 15 Sep 2025NOK 315.6bNOK 92.5bNOK 17.5b27.1x18x3.4x
Wed, 13 Aug 2025NOK 307.5bNOK 92.5bNOK 18.1b11.9x17x3.3x
Fri, 11 Jul 2025NOK 294.9bNOK 92.2bNOK 12.4b23x23.7x3.2x
Sun, 08 Jun 2025NOK 293.6bNOK 92.2bNOK 12.5b13.6x23.5x3.2x
Tue, 06 May 2025NOK 290.0bNOK 91.9bNOK 24.0b8.9x12.1x3.2x
Thu, 03 Apr 2025NOK 273.9bNOK 91.9bNOK 24.0b8.6x11.4x3x
Sat, 01 Mar 2025NOK 272.3bNOK 91.9bNOK 24.7b8.2x11x3x
Mon, 27 Jan 2025NOK 262.0bNOK 100.0bNOK 30.6b5.5x8.6x2.6x
Wed, 25 Dec 2024NOK 254.3bNOK 100.0bNOK 30.6b5.5x8.3x2.5x
Fri, 22 Nov 2024NOK 264.9bNOK 100.0bNOK 30.7b7.1x8.6x2.6x
Sun, 20 Oct 2024NOK 261.7bNOK 99.8bNOK 26.4b6.2x9.9x2.6x
Tue, 17 Sep 2024NOK 261.7bNOK 99.8bNOK 26.4b7x9.9x2.6x
Thu, 15 Aug 2024NOK 248.5bNOK 99.9bNOK 25.8b6.1x9.6x2.5x
Sat, 13 Jul 2024NOK 245.5bNOK 100.1bNOK 24.0b6.8x10.2x2.5x
Mon, 10 Jun 2024NOK 247.6bNOK 100.1bNOK 24.0b7.1x10.3x2.5x
Wed, 08 May 2024NOK 396.1bNOK 121.6bNOK 22.3b8.4x17.7x3.3x
Fri, 05 Apr 2024NOK 391.0bNOK 121.1bNOK 10.4b4.6x37.7x3.2x
Sun, 03 Mar 2024NOK 370.3bNOK 120.7bNOK 10.5b21.6x35.4x3.1x
Tue, 30 Jan 2024NOK 395.5bNOK 145.3bNOK 3.1b29.9x125.9x2.7x
Thu, 28 Dec 2023NOK 384.0bNOK 145.0bNOK 3.2b39.5x118.2x2.6x
Sat, 25 Nov 2023NOK 371.5bNOK 146.0bNOK 2.4b37.1x155.3x2.5x
Mon, 23 Oct 2023NOK 357.8bNOK 144.9b-NOK 18,184,554,235.0025.1x-19.7x2.5x
Wed, 20 Sep 2023NOK 332.8bNOK 144.5b-NOK 17,787,135,004.0026.4x-18.7x2.3x
Fri, 18 Aug 2023NOK 309.6bNOK 143.8b-NOK 18,354,008,771.0090.9x-16.9x2.2x
Sun, 16 Jul 2023NOK 293.8bNOK 142.2b-NOK 24,479,498,191.00165.4x-12x2.1x
Tue, 13 Jun 2023NOK 309.2bNOK 142.9b-NOK 25,080,116,366.00168.6x-12.3x2.2x
Thu, 11 May 2023NOK 335.9bNOK 142.1b-NOK 23,382,141,729.00159.9x-14.4x2.4x
Sat, 08 Apr 2023NOK 318.7bNOK 141.0b-NOK 32,216,918,287.0049.3x-9.9x2.3x
Price to Earnings Ratio

-9.9x


Total Market Cap: NOK 318.7bTotal Earnings: -NOK 32,216,918,287.00Total Revenue: NOK 141.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 25.6x202420252026
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 Market5.15%
Telecom2.20%
Telecom Services and Carriers2.34%
Interactive Media and Services1.70%
Media1.62%
Wireless Telecom0%0
Entertainment-7.83%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 454x.
    • 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 9.4% 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 170.302.3%
+NOK 5.3b		12.3%PE21.2x
VEND Vend MarketplacesNOK 239.601.7%
+NOK 844.8m		-13.1%PS8x
POL Polaris MediaNOK 61.001.7%
+NOK 48.9m		-27.4%PE3726.7x

Latest News

TEL
NOK 170.30
Telenor
7D
2.3%
1Y
12.3%
5PG
NOK 2.00
5th Planet Games
7D
-7.8%
1Y
101.6%
VEND
NOK 239.60
Vend Marketplaces
7D
1.7%
1Y
-13.1%
POL
NOK 61.00
Polaris Media
7D
1.7%
1Y
-27.4%