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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies6
  • 7D1.4%
  • 3M-5.5%
  • 1Y-21.1%
  • YTD-8.2%

The Telecom industry has been flat over the last week, but Polaris Media has lost 4.2%. Unfortunately though, the industry is down 23% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Sep 2026NOK 237.0bNOK 85.1bNOK 7.6b148.5x31x2.8x
Sun, 16 Aug 2026NOK 239.1bNOK 85.1bNOK 7.7b164.8x31.2x2.8x
Tue, 14 Jul 2026NOK 253.8bNOK 86.1bNOK 12.9b152.5x19.7x2.9x
Thu, 11 Jun 2026NOK 258.1bNOK 86.1bNOK 12.9b150.3x20x3x
Sat, 09 May 2026NOK 266.2bNOK 86.1bNOK 12.9b197.2x20.7x3.1x
Mon, 06 Apr 2026NOK 287.6bNOK 86.5bNOK 10.3b121.4x27.9x3.3x
Wed, 04 Mar 2026NOK 288.5bNOK 86.5bNOK 10.2b52.9x28.2x3.3x
Fri, 30 Jan 2026NOK 280.7bNOK 92.7bNOK 11.6b44x24.2x3x
Sun, 28 Dec 2025NOK 257.2bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Tue, 25 Nov 2025NOK 267.7bNOK 92.7bNOK 11.6b40x23x2.9x
Thu, 23 Oct 2025NOK 296.2bNOK 92.5bNOK 17.5b23.8x16.9x3.2x
Sat, 20 Sep 2025NOK 304.8bNOK 92.5bNOK 17.5b26.8x17.4x3.3x
Mon, 18 Aug 2025NOK 313.8bNOK 92.5bNOK 18.1b12.1x17.3x3.4x
Wed, 16 Jul 2025NOK 297.6bNOK 92.2bNOK 12.4b23.2x23.9x3.2x
Fri, 13 Jun 2025NOK 292.8bNOK 92.2bNOK 12.4b22.6x23.6x3.2x
Sun, 11 May 2025NOK 288.9bNOK 92.2bNOK 12.5b14.9x23.1x3.1x
Tue, 08 Apr 2025NOK 258.7bNOK 91.9bNOK 24.0b8.1x10.8x2.8x
Thu, 06 Mar 2025NOK 268.8bNOK 91.9bNOK 24.7b8.2x10.9x2.9x
Sat, 01 Feb 2025NOK 269.3bNOK 100.0bNOK 30.6b5.3x8.8x2.7x
Mon, 30 Dec 2024NOK 257.8bNOK 100.0bNOK 30.6b5.8x8.4x2.6x
Wed, 27 Nov 2024NOK 263.7bNOK 100.0bNOK 30.6b5.7x8.6x2.6x
Fri, 25 Oct 2024NOK 259.4bNOK 99.8bNOK 26.4b6.2x9.8x2.6x
Sun, 22 Sep 2024NOK 264.4bNOK 99.8bNOK 26.4b6.9x10x2.6x
Tue, 20 Aug 2024NOK 250.9bNOK 99.9bNOK 25.8b6.2x9.7x2.5x
Thu, 18 Jul 2024NOK 245.2bNOK 100.1bNOK 24.0b6.4x10.2x2.4x
Sat, 15 Jun 2024NOK 238.7bNOK 100.1bNOK 24.0b6.8x9.9x2.4x
Mon, 13 May 2024NOK 391.8bNOK 121.5bNOK 22.4b8.4x17.5x3.2x
Wed, 10 Apr 2024NOK 385.2bNOK 121.0bNOK 10.4b4.5x37x3.2x
Fri, 08 Mar 2024NOK 368.3bNOK 120.7bNOK 10.5b21x35.2x3.1x
Sun, 04 Feb 2024NOK 387.3bNOK 145.5bNOK 2.9b29.3x134.9x2.7x
Tue, 02 Jan 2024NOK 383.9bNOK 145.1bNOK 3.2b39.4x119.5x2.6x
Thu, 30 Nov 2023NOK 375.2bNOK 146.0bNOK 2.4b37x156.3x2.6x
Sat, 28 Oct 2023NOK 343.9bNOK 145.8bNOK 1.3b14.6x274.7x2.4x
Mon, 25 Sep 2023NOK 377.8bNOK 144.4b-NOK 17,721,421,354.0026.7x-21.3x2.6x
Price to Earnings Ratio

-21.3x


Total Market Cap: NOK 377.8bTotal Earnings: -NOK 17,721,421,354.00Total Revenue: NOK 144.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 31.7x202420252026
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 31.6x.
  • 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 Market1.38%
Telecom1.41%
Interactive Media and Services1.54%
Telecom Services and Carriers1.49%
Wireless Telecom0%0
Entertainment-2.67%
Media-4.28%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 540x.
    • 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 5.7% 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 136.201.5%
+NOK 2.7b		-17.7%PE11.6x
VEND Vend MarketplacesNOK 237.801.5%
+NOK 723.1m		-33.2%PS7.5x

Latest News

TEL
NOK 136.20
Telenor
7D
1.5%
1Y
-17.7%
Narrative Update • Sep 10

TEL: Execution Discipline And Capital Returns Will Support Future Upside Potential

The analyst fair value estimate for Telenor has been adjusted from NOK 160.95 to NOK 157.30 as analysts respond to a series of reduced price targets and more cautious views on return on invested capital growth and gearing. Analyst Commentary Recent research on Telenor shows a split view.
VEND
NOK 237.80
Vend Marketplaces
7D
1.5%
1Y
-33.2%
5PG
NOK 1.28
5th Planet Games
7D
-2.7%
1Y
84.2%
POL
NOK 60.00
Polaris Media
7D
-4.2%
1Y
0%