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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.9%
  • 3M0.3%
  • 1Y1.7%
  • YTD6.2%

Over the last 7 days, the Telecom industry has remained flat, although notably Vend Marketplaces declined by 13%. Furthermore, the industry has been flat for the past year as well. 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
Mon, 27 Apr 2026NOK 277.6bNOK 86.3bNOK 10.3b209x27x3.2x
Wed, 25 Mar 2026NOK 281.1bNOK 86.5bNOK 10.2b126.2x27.5x3.2x
Fri, 20 Feb 2026NOK 293.4bNOK 86.5bNOK 10.2b59.5x28.7x3.4x
Sun, 18 Jan 2026NOK 260.8bNOK 92.7bNOK 11.6b42.5x22.4x2.8x
Tue, 16 Dec 2025NOK 260.6bNOK 92.7bNOK 11.6b41.9x22.4x2.8x
Thu, 13 Nov 2025NOK 300.3bNOK 92.7bNOK 11.6b71.6x25.8x3.2x
Sat, 11 Oct 2025NOK 304.3bNOK 92.5bNOK 17.5b24.8x17.4x3.3x
Mon, 08 Sep 2025NOK 311.0bNOK 92.5bNOK 17.5b27.1x17.8x3.4x
Wed, 06 Aug 2025NOK 309.5bNOK 92.5bNOK 18.1b12.1x17.1x3.3x
Fri, 04 Jul 2025NOK 295.7bNOK 92.2bNOK 12.4b22.9x23.8x3.2x
Sun, 01 Jun 2025NOK 292.3bNOK 92.2bNOK 12.5b13.8x23.4x3.2x
Tue, 29 Apr 2025NOK 278.6bNOK 91.9bNOK 24.0b8.6x11.6x3x
Thu, 27 Mar 2025NOK 270.5bNOK 91.9bNOK 24.0b8.5x11.3x2.9x
Sat, 22 Feb 2025NOK 268.7bNOK 91.9bNOK 24.7b8.1x10.9x2.9x
Mon, 20 Jan 2025NOK 260.0bNOK 100.0bNOK 30.6b5.4x8.5x2.6x
Wed, 18 Dec 2024NOK 264.2bNOK 100.0bNOK 30.6b5.6x8.6x2.6x
Fri, 15 Nov 2024NOK 269.6bNOK 100.0bNOK 30.7b6.6x8.8x2.7x
Sun, 13 Oct 2024NOK 260.2bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Tue, 10 Sep 2024NOK 263.7bNOK 99.9bNOK 26.4b6.9x10x2.6x
Thu, 08 Aug 2024NOK 246.3bNOK 99.9bNOK 25.8b6.2x9.5x2.5x
Sat, 06 Jul 2024NOK 241.3bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Mon, 03 Jun 2024NOK 242.1bNOK 100.1bNOK 24.0b7.2x10.1x2.4x
Wed, 01 May 2024NOK 390.0bNOK 121.5bNOK 10.0b4.3x39x3.2x
Fri, 29 Mar 2024NOK 385.6bNOK 121.2bNOK 10.4b19.9x37x3.2x
Sun, 25 Feb 2024NOK 371.1bNOK 120.2b-NOK 7,379,076,207.7420.6x-50.3x3.1x
Tue, 23 Jan 2024NOK 398.1bNOK 145.5bNOK 2.8b36.7x140.9x2.7x
Thu, 21 Dec 2023NOK 385.0bNOK 145.2bNOK 3.1b39.3x125.1x2.7x
Sat, 18 Nov 2023NOK 363.7bNOK 145.7bNOK 1.2b15.2x303.2x2.5x
Mon, 16 Oct 2023NOK 373.5bNOK 144.5b-NOK 17,783,890,016.0026.3x-21x2.6x
Wed, 13 Sep 2023NOK 315.0bNOK 144.4b-NOK 17,739,623,932.0024.5x-17.8x2.2x
Fri, 11 Aug 2023NOK 312.8bNOK 143.4b-NOK 17,943,333,959.0090.9x-17.4x2.2x
Sun, 09 Jul 2023NOK 293.0bNOK 142.9b-NOK 25,128,484,649.00160.5x-11.7x2.1x
Tue, 06 Jun 2023NOK 314.3bNOK 143.3b-NOK 25,432,048,635.00170.2x-12.4x2.2x
Thu, 04 May 2023NOK 339.8bNOK 142.0b-NOK 17,392,511,061.0050.8x-19.5x2.4x
Price to Earnings Ratio

-19.5x


Total Market Cap: NOK 339.8bTotal Earnings: -NOK 17,392,511,061.00Total Revenue: NOK 142.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 26.5x202420252026
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 26.4x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.2x.
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-1.09%
Telecom-1.92%
Entertainment15.52%
Telecom Services and Carriers0.92%
Media0.46%
Wireless Telecom0%0
Interactive Media and Services-13.33%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 497x.
    • 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 63% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 4.3% 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 164.300.9%
+NOK 2.1b		9.2%PE20.5x
5PG 5th Planet GamesNOK 2.0115.5%
+NOK 72.5m		123.3%PS103.4x
MENTOR Mentor MedierNOK 24.0011.6%
+NOK 14.4m		n/an/a

Latest News

TEL
NOK 164.30
Telenor
7D
0.9%
1Y
9.2%
5PG
NOK 2.01
5th Planet Games
7D
15.5%
1Y
123.3%
VEND
NOK 234.00
Vend Marketplaces
7D
-13.3%
1Y
-21.4%