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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedSep 11, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.8%
  • 3M-9.6%
  • 1Y-24.6%
  • YTD-9.5%

Over the last 7 days, the Telecom industry has dropped 1.5%, driven by Vend Marketplaces declining 6.9%. The industry has fallen 24% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Sep 2026NOK 233.7bNOK 85.1bNOK 7.6b154.6x30.6x2.7x
Sun, 09 Aug 2026NOK 238.2bNOK 85.1bNOK 7.7b158.1x31.1x2.8x
Tue, 07 Jul 2026NOK 249.0bNOK 86.1bNOK 12.9b155.8x19.3x2.9x
Thu, 04 Jun 2026NOK 260.0bNOK 86.1bNOK 12.9b159.5x20.2x3x
Sat, 02 May 2026NOK 265.7bNOK 86.1bNOK 12.9b189.3x20.6x3.1x
Mon, 30 Mar 2026NOK 279.4bNOK 86.5bNOK 10.3b128.9x27.1x3.2x
Wed, 25 Feb 2026NOK 290.3bNOK 86.5bNOK 10.2b57.2x28.4x3.4x
Fri, 23 Jan 2026NOK 278.7bNOK 92.7bNOK 11.6b44.6x24x3x
Sun, 21 Dec 2025NOK 256.8bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Tue, 18 Nov 2025NOK 268.2bNOK 92.7bNOK 11.6b64.7x23.1x2.9x
Thu, 16 Oct 2025NOK 307.4bNOK 92.5bNOK 17.5b24.6x17.5x3.3x
Sat, 13 Sep 2025NOK 315.6bNOK 92.5bNOK 17.5b27.1x18x3.4x
Mon, 11 Aug 2025NOK 305.7bNOK 92.5bNOK 18.1b12x16.9x3.3x
Wed, 09 Jul 2025NOK 293.8bNOK 92.2bNOK 12.4b23x23.6x3.2x
Fri, 06 Jun 2025NOK 293.0bNOK 92.2bNOK 12.5b13.7x23.4x3.2x
Sun, 04 May 2025NOK 289.7bNOK 91.9bNOK 24.0b8.9x12.1x3.2x
Tue, 01 Apr 2025NOK 273.4bNOK 91.9bNOK 24.0b8.6x11.4x3x
Thu, 27 Feb 2025NOK 273.5bNOK 91.9bNOK 24.7b8.2x11.1x3x
Sat, 25 Jan 2025NOK 262.0bNOK 100.0bNOK 30.6b5.5x8.6x2.6x
Mon, 23 Dec 2024NOK 253.8bNOK 100.0bNOK 30.6b5.5x8.3x2.5x
Wed, 20 Nov 2024NOK 267.1bNOK 100.0bNOK 30.7b7x8.7x2.7x
Fri, 18 Oct 2024NOK 263.4bNOK 99.8bNOK 26.4b6.4x10x2.6x
Sun, 15 Sep 2024NOK 261.1bNOK 99.8bNOK 26.4b7x9.9x2.6x
Tue, 13 Aug 2024NOK 246.8bNOK 99.9bNOK 25.8b6.1x9.6x2.5x
Thu, 11 Jul 2024NOK 246.7bNOK 100.1bNOK 24.0b6.8x10.3x2.5x
Sat, 08 Jun 2024NOK 247.6bNOK 100.1bNOK 24.0b7.1x10.3x2.5x
Mon, 06 May 2024NOK 395.0bNOK 121.5bNOK 22.3b8.4x17.7x3.3x
Wed, 03 Apr 2024NOK 387.3bNOK 121.2bNOK 10.4b4.5x37.3x3.2x
Fri, 01 Mar 2024NOK 371.8bNOK 120.4b-NOK 7,514,517,512.9120.7x-49.5x3.1x
Sun, 28 Jan 2024NOK 398.8bNOK 145.3bNOK 3.1b36.8x128x2.7x
Tue, 26 Dec 2023NOK 384.1bNOK 145.1bNOK 3.2b39.2x121.8x2.6x
Thu, 23 Nov 2023NOK 366.0bNOK 145.6bNOK 1.3b15x281.3x2.5x
Sat, 21 Oct 2023NOK 358.5bNOK 144.9b-NOK 18,156,743,964.0025.1x-19.7x2.5x
Mon, 18 Sep 2023NOK 328.0bNOK 144.5b-NOK 17,789,693,389.0025.8x-18.4x2.3x
Price to Earnings Ratio

-18.4x


Total Market Cap: NOK 328.0bTotal Earnings: -NOK 17,789,693,389.00Total Revenue: NOK 144.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 31.4x202420252026
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 31.3x.
  • 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 Market0.47%
Telecom-1.81%
Entertainment2.34%
Wireless Telecom0%0
Media-0.12%
Telecom Services and Carriers-0.45%
Interactive Media and Services-6.92%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 538x.
    • 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 5.6% 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
5PG 5th Planet GamesNOK 1.312.3%
+NOK 8.1m		81.9%PS61.2x
MENTOR Mentor MedierNOK 32.003.2%
+NOK 5.8m		n/an/a

Latest News

TEL
NOK 134.20
Telenor
7D
-0.4%
1Y
-21.2%
VEND
NOK 234.20
Vend Marketplaces
7D
-6.9%
1Y
-36.7%
5PG
NOK 1.31
5th Planet Games
7D
2.3%
1Y
81.9%
POL
NOK 62.60
Polaris Media
7D
-0.3%
1Y
4.3%