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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.6%
  • 3M-10.3%
  • 1Y-9.3%
  • YTD-0.4%

Last week, the Telecom industry hasn't moved much but Vend Marketplaces is up 3.2% in that time. As for the longer term, the industry has declined 9.3% in the last year. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026NOK 259.5bNOK 86.1bNOK 12.9b162.8x20.1x3x
Tue, 05 May 2026NOK 267.7bNOK 86.1bNOK 12.9b195.2x20.8x3.1x
Thu, 02 Apr 2026NOK 287.6bNOK 86.5bNOK 10.3b122x27.9x3.3x
Sat, 28 Feb 2026NOK 295.2bNOK 86.5bNOK 10.2b54.1x28.8x3.4x
Mon, 26 Jan 2026NOK 276.9bNOK 92.7bNOK 11.6b44.9x23.8x3x
Wed, 24 Dec 2025NOK 257.2bNOK 92.7bNOK 11.6b41.8x22.1x2.8x
Fri, 21 Nov 2025NOK 264.6bNOK 92.7bNOK 11.6b60.9x22.8x2.9x
Sun, 19 Oct 2025NOK 300.5bNOK 92.5bNOK 17.5b23.8x17.2x3.2x
Tue, 16 Sep 2025NOK 317.0bNOK 92.5bNOK 17.5b27.4x18.1x3.4x
Thu, 14 Aug 2025NOK 310.9bNOK 92.5bNOK 18.1b12x17.2x3.4x
Sat, 12 Jul 2025NOK 294.9bNOK 92.2bNOK 12.4b23x23.7x3.2x
Mon, 09 Jun 2025NOK 293.6bNOK 92.2bNOK 12.4b22.8x23.6x3.2x
Wed, 07 May 2025NOK 288.9bNOK 91.9bNOK 24.0b9x12.1x3.1x
Fri, 04 Apr 2025NOK 277.2bNOK 91.9bNOK 24.0b8.6x11.6x3x
Sun, 02 Mar 2025NOK 273.7bNOK 91.9bNOK 24.7b8.2x11.1x3x
Tue, 28 Jan 2025NOK 262.0bNOK 100.0bNOK 30.6b5.5x8.6x2.6x
Thu, 26 Dec 2024NOK 254.3bNOK 100.0bNOK 30.6b5.5x8.3x2.5x
Sat, 23 Nov 2024NOK 267.2bNOK 100.0bNOK 30.7b6.8x8.7x2.7x
Mon, 21 Oct 2024NOK 261.7bNOK 99.8bNOK 26.4b6.2x9.9x2.6x
Wed, 18 Sep 2024NOK 261.4bNOK 99.8bNOK 26.4b7.2x9.9x2.6x
Fri, 16 Aug 2024NOK 246.6bNOK 99.9bNOK 25.8b6.2x9.5x2.5x
Sun, 14 Jul 2024NOK 245.5bNOK 100.1bNOK 24.0b6.8x10.2x2.5x
Tue, 11 Jun 2024NOK 247.6bNOK 100.1bNOK 24.0b7.2x10.3x2.5x
Thu, 09 May 2024NOK 389.4bNOK 121.6bNOK 22.3b8.4x17.4x3.2x
Sat, 06 Apr 2024NOK 390.9bNOK 121.1bNOK 10.4b4.7x37.7x3.2x
Mon, 04 Mar 2024NOK 370.3bNOK 120.7bNOK 10.5b21.6x35.4x3.1x
Wed, 31 Jan 2024NOK 394.2bNOK 145.3bNOK 3.1b29.9x126.9x2.7x
Fri, 29 Dec 2023NOK 384.6bNOK 145.1bNOK 3.1b39.3x122.8x2.6x
Sun, 26 Nov 2023NOK 371.5bNOK 146.0bNOK 2.4b37.1x157.3x2.5x
Tue, 24 Oct 2023NOK 340.1bNOK 145.1b-NOK 18,359,720,438.0024.7x-18.5x2.3x
Thu, 21 Sep 2023NOK 340.2bNOK 144.4b-NOK 17,763,572,234.0026.7x-19.2x2.4x
Sat, 19 Aug 2023NOK 308.5bNOK 144.0b-NOK 18,460,620,442.0092.2x-16.7x2.1x
Mon, 17 Jul 2023NOK 293.8bNOK 142.2b-NOK 24,479,498,191.00165.4x-12x2.1x
Wed, 14 Jun 2023NOK 306.3bNOK 142.7b-NOK 24,851,370,985.00165.4x-12.3x2.1x
Price to Earnings Ratio

-12.3x


Total Market Cap: NOK 306.3bTotal Earnings: -NOK 24,851,370,985.00Total Revenue: NOK 142.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 27.8x202420252026
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 20.1x which is lower than its 3-year average PE of 27.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
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 Market0.24%
Telecom-0.61%
Interactive Media and Services3.18%
Wireless Telecom0%0
Media-0.45%
Telecom Services and Carriers-1.52%
Entertainment-10.19%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 511x.
    • 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 99% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 6.7% 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
VEND Vend MarketplacesNOK 253.203.2%
+NOK 1.5b		-25.6%PS8.3x
MENTOR Mentor MedierNOK 25.004.2%
+NOK 5.8m		108.3%n/a

Latest News

TEL
NOK 148.80
Telenor
7D
-1.5%
1Y
-4.0%
5PG
NOK 1.41
5th Planet Games
7D
-10.2%
1Y
64.7%
POL
NOK 59.60
Polaris Media
7D
-0.7%
1Y
-3.1%
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...
VEND
NOK 253.20
Vend Marketplaces
7D
3.2%
1Y
-25.6%