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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.3%
  • 3M-10.2%
  • 1Y-11.6%
  • YTD-3.6%

Over the last 7 days, the Telecom industry has dropped 2.3%, driven by Telenor declining 3.0%. Meanwhile, 5th Planet Games actually outperformed within the industry, gaining 20% in the last week. The industry has fallen 12% in the last year. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026NOK 251.2bNOK 86.1bNOK 12.9b162.7x19.5x2.9x
Sat, 23 May 2026NOK 264.9bNOK 86.1bNOK 12.9b180.1x20.6x3.1x
Mon, 20 Apr 2026NOK 279.6bNOK 86.5bNOK 10.3b208.8x27.1x3.2x
Wed, 18 Mar 2026NOK 292.0bNOK 86.5bNOK 10.2b63.3x28.5x3.4x
Fri, 13 Feb 2026NOK 299.0bNOK 86.5bNOK 10.2b62.5x29.2x3.5x
Sun, 11 Jan 2026NOK 262.7bNOK 92.7bNOK 11.6b42.4x22.6x2.8x
Tue, 09 Dec 2025NOK 263.1bNOK 92.7bNOK 11.6b41.4x22.6x2.8x
Thu, 06 Nov 2025NOK 281.3bNOK 92.7bNOK 11.7b38.3x24x3x
Sat, 04 Oct 2025NOK 302.4bNOK 92.5bNOK 17.5b25.1x17.3x3.3x
Mon, 01 Sep 2025NOK 312.1bNOK 92.5bNOK 17.5b26.9x17.8x3.4x
Wed, 30 Jul 2025NOK 305.1bNOK 92.5bNOK 18.1b12x16.9x3.3x
Fri, 27 Jun 2025NOK 288.7bNOK 92.2bNOK 12.4b22.6x23.2x3.1x
Sun, 25 May 2025NOK 290.4bNOK 92.2bNOK 12.5b13.6x23.2x3.1x
Tue, 22 Apr 2025NOK 278.0bNOK 91.9bNOK 24.0b8.5x11.6x3x
Thu, 20 Mar 2025NOK 272.7bNOK 91.9bNOK 24.7b8.3x11x3x
Sat, 15 Feb 2025NOK 267.8bNOK 92.3bNOK 15.0b11.6x17.9x2.9x
Mon, 13 Jan 2025NOK 257.9bNOK 100.0bNOK 30.6b5.6x8.4x2.6x
Wed, 11 Dec 2024NOK 260.8bNOK 100.0bNOK 30.6b5.8x8.5x2.6x
Fri, 08 Nov 2024NOK 268.3bNOK 100.0bNOK 30.6b6.9x8.8x2.7x
Sun, 06 Oct 2024NOK 260.0bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Tue, 03 Sep 2024NOK 260.2bNOK 99.8bNOK 26.4b6.5x9.9x2.6x
Thu, 01 Aug 2024NOK 253.0bNOK 99.9bNOK 25.8b6.3x9.8x2.5x
Sat, 29 Jun 2024NOK 244.2bNOK 100.1bNOK 24.0b6.7x10.2x2.4x
Mon, 27 May 2024NOK 391.4bNOK 121.1bNOK 22.4b8.2x17.5x3.2x
Wed, 24 Apr 2024NOK 393.9bNOK 121.2bNOK 10.4b4.3x37.9x3.2x
Fri, 22 Mar 2024NOK 372.7bNOK 121.0bNOK 10.4b20.1x35.7x3.1x
Sun, 18 Feb 2024NOK 373.4bNOK 120.1b-NOK 7,248,977,112.5820.9x-51.5x3.1x
Tue, 16 Jan 2024NOK 392.7bNOK 145.3bNOK 3.0b38.9x131.2x2.7x
Thu, 14 Dec 2023NOK 393.5bNOK 146.2bNOK 2.2b37.7x176x2.7x
Sat, 11 Nov 2023NOK 363.8bNOK 145.9bNOK 1.0b15.1x357.7x2.5x
Mon, 09 Oct 2023NOK 369.8bNOK 144.6b-NOK 17,898,072,051.0025.9x-20.7x2.6x
Wed, 06 Sep 2023NOK 316.3bNOK 144.5b-NOK 17,782,682,004.0024.6x-17.8x2.2x
Fri, 04 Aug 2023NOK 305.5bNOK 143.3b-NOK 17,833,662,548.0090.3x-17.1x2.1x
Sun, 02 Jul 2023NOK 296.9bNOK 143.0b-NOK 25,244,969,932.00159.9x-11.8x2.1x
Price to Earnings Ratio

-11.8x


Total Market Cap: NOK 296.9bTotal Earnings: -NOK 25,244,969,932.00Total Revenue: NOK 143.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 28.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 19.5x which is lower than its 3-year average PE of 28.3x.
  • 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 Market-0.51%
Telecom-2.29%
Interactive Media and Services3.89%
Media0%0
Wireless Telecom0%0
Entertainment-1.71%
Telecom Services and Carriers-3.81%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 516x.
    • 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 98% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 6.9% 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
5PG 5th Planet GamesNOK 1.4720.5%
+NOK 67.2m		69.0%PE166.6x

Latest News

VEND
NOK 242.20
Vend Marketplaces
7D
-0.08%
1Y
-27.2%
TEL
NOK 145.70
Telenor
7D
-3.0%
1Y
-5.8%
Analysis Article • Jun 18

Telenor (OB:TEL) Stock Could Be 51.9% Below Fair Value After Bane NOR Deal

Telenor (OB:TEL) is back in focus after Telenor Norge and Techstep secured a new five year frame agreement with Bane NOR, covering mobile services, devices, subscriptions, and full lifecycle management. See our latest analysis for Telenor. The new Bane NOR contract lands at a time when Telenor’s share price has softened, with a 30 day share price return down 10.19% and a 90 day return down 13.60%, yet its 3 year total shareholder return of 60.65% and 5 year total shareholder return of 42.38%...
5PG
NOK 1.47
5th Planet Games
7D
20.5%
1Y
69.0%
POL
NOK 60.00
Polaris Media
7D
-2.0%
1Y
-2.4%
Analysis Article • May 20

Investors Can Find Comfort In Polaris Media's (OB:POL) Earnings Quality

Soft earnings didn't appear to concern Polaris Media ASA's ( OB:POL ) shareholders over the last week. We think that...