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Norwegian (OSEAX) Telecom Sector Analysis
UpdatedMar 05, 2026
DataAggregated Company Financials
Companies6
- 7D1.7%
- 3M12.8%
- 1Y10.8%
- YTD11.4%
In the last week, the Telecom industry is up 1.7%, with Vend Marketplaces up 7.3%. In the same time, 5th Planet Games was down 7.1%. In the last 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 19% per annum.
Sector Valuation and Performance
Has the Norwegian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 05 Mar 2026 | NOK 292.0b | NOK 86.5b | NOK 10.2b | 53.7x | 28.5x | 3.4x |
| Sat, 31 Jan 2026 | NOK 281.6b | NOK 92.7b | NOK 11.6b | 44x | 24.2x | 3x |
| Mon, 29 Dec 2025 | NOK 257.2b | NOK 92.7b | NOK 11.6b | 41.9x | 22.1x | 2.8x |
| Wed, 26 Nov 2025 | NOK 264.3b | NOK 92.7b | NOK 11.6b | 40.9x | 22.7x | 2.8x |
| Fri, 24 Oct 2025 | NOK 299.7b | NOK 92.5b | NOK 17.5b | 24.2x | 17.1x | 3.2x |
| Sun, 21 Sep 2025 | NOK 304.8b | NOK 92.5b | NOK 17.5b | 26.8x | 17.4x | 3.3x |
| Tue, 19 Aug 2025 | NOK 313.5b | NOK 92.5b | NOK 18.1b | 11.9x | 17.3x | 3.4x |
| Thu, 17 Jul 2025 | NOK 298.1b | NOK 92.2b | NOK 12.4b | 23.3x | 24x | 3.2x |
| Sat, 14 Jun 2025 | NOK 291.0b | NOK 92.2b | NOK 12.4b | 22.5x | 23.4x | 3.2x |
| Mon, 12 May 2025 | NOK 288.9b | NOK 92.2b | NOK 12.5b | 14.9x | 23.1x | 3.1x |
| Wed, 09 Apr 2025 | NOK 261.1b | NOK 91.9b | NOK 24.0b | 8.2x | 10.9x | 2.8x |
| Fri, 07 Mar 2025 | NOK 266.2b | NOK 91.9b | NOK 24.7b | 8.1x | 10.8x | 2.9x |
| Sun, 02 Feb 2025 | NOK 269.3b | NOK 100.0b | NOK 30.6b | 5.3x | 8.8x | 2.7x |
| Tue, 31 Dec 2024 | NOK 257.2b | NOK 100.0b | NOK 30.6b | 5.5x | 8.4x | 2.6x |
| Thu, 28 Nov 2024 | NOK 265.9b | NOK 100.0b | NOK 30.6b | 5.6x | 8.7x | 2.7x |
| Sat, 26 Oct 2024 | NOK 264.3b | NOK 98.6b | NOK 17.0b | 7.5x | 15.6x | 2.7x |
| Mon, 23 Sep 2024 | NOK 264.4b | NOK 99.8b | NOK 26.4b | 6.9x | 10x | 2.6x |
| Wed, 21 Aug 2024 | NOK 249.6b | NOK 99.9b | NOK 25.8b | 6.1x | 9.7x | 2.5x |
| Fri, 19 Jul 2024 | NOK 245.5b | NOK 100.1b | NOK 24.0b | 6.5x | 10.2x | 2.5x |
| Sun, 16 Jun 2024 | NOK 238.7b | NOK 100.1b | NOK 24.0b | 6.8x | 9.9x | 2.4x |
| Tue, 14 May 2024 | NOK 391.5b | NOK 121.4b | NOK 22.4b | 8.3x | 17.5x | 3.2x |
| Thu, 11 Apr 2024 | NOK 382.8b | NOK 121.1b | NOK 10.4b | 4.4x | 36.8x | 3.2x |
| Sat, 09 Mar 2024 | NOK 368.5b | NOK 120.7b | NOK 10.5b | 21x | 35.2x | 3.1x |
| Mon, 05 Feb 2024 | NOK 387.3b | NOK 145.5b | NOK 2.9b | 29.3x | 134.9x | 2.7x |
| Wed, 03 Jan 2024 | NOK 384.6b | NOK 145.3b | NOK 3.1b | 39.3x | 125.8x | 2.6x |
| Fri, 01 Dec 2023 | NOK 376.7b | NOK 146.1b | NOK 2.3b | 37.7x | 164x | 2.6x |
| Sun, 29 Oct 2023 | NOK 343.9b | NOK 145.8b | NOK 1.3b | 14.6x | 274.7x | 2.4x |
| Tue, 26 Sep 2023 | NOK 371.9b | NOK 144.4b | -NOK 17,676,143,681.00 | 26.6x | -21x | 2.6x |
| Thu, 24 Aug 2023 | NOK 312.3b | NOK 143.9b | -NOK 18,385,827,566.00 | 91.9x | -17x | 2.2x |
| Sat, 22 Jul 2023 | NOK 304.5b | NOK 143.2b | -NOK 17,855,643,875.00 | 154.8x | -17.1x | 2.1x |
| Mon, 19 Jun 2023 | NOK 309.1b | NOK 142.7b | -NOK 24,958,256,852.00 | 167x | -12.4x | 2.2x |
| Wed, 17 May 2023 | NOK 326.1b | NOK 142.4b | -NOK 24,508,334,899.00 | 158.6x | -13.3x | 2.3x |
| Fri, 14 Apr 2023 | NOK 327.9b | NOK 140.9b | -NOK 32,128,343,072.00 | 50.3x | -10.2x | 2.3x |
| Sun, 12 Mar 2023 | NOK 318.5b | NOK 140.8b | -NOK 31,762,841,574.00 | 53.4x | -10x | 2.3x |
Price to Earnings Ratio
-10x
Current Industry PE
- Investors are optimistic on the Norwegian Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.5x which is higher than its 3-year average PE of 24.6x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.4x.
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 Market | 1.51% | |
| Telecom | 1.69% | |
| Interactive Media and Services | 7.25% | |
| Media | 5.01% | |
| Telecom Services and Carriers | 0.52% | |
| Wireless Telecom | 0% | 0 |
| Entertainment | -7.07% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 359x.
- 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 62% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VEND Vend Marketplaces | NOK 254.40 | 9.1% +NOK 4.4b | -9.8% | PS8.6x | |
| POL Polaris Media | NOK 58.00 | 4.5% +NOK 122.2m | -30.5% | PE3543.4x |