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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedSep 16, 2026
DataAggregated Company Financials
Companies6
  • 7D0.4%
  • 3M-5.7%
  • 1Y-22.8%
  • YTD-8.4%

In the last week, the Telecom industry is flat overall, with Vend Marketplaces standing out by going down 3.2%. Unfortunately though, the industry is down 23% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Sep 2026NOK 236.6bNOK 85.1bNOK 7.6b153.2x31x2.8x
Fri, 14 Aug 2026NOK 236.7bNOK 85.1bNOK 7.7b160.3x30.9x2.8x
Sun, 12 Jul 2026NOK 251.9bNOK 86.1bNOK 12.9b149.9x19.5x2.9x
Tue, 09 Jun 2026NOK 259.5bNOK 86.1bNOK 12.9b153.8x20.1x3x
Thu, 07 May 2026NOK 265.7bNOK 86.1bNOK 12.9b205x20.6x3.1x
Sat, 04 Apr 2026NOK 287.6bNOK 86.5bNOK 10.3b121.4x27.9x3.3x
Mon, 02 Mar 2026NOK 295.2bNOK 86.5bNOK 10.2b54.2x28.8x3.4x
Wed, 28 Jan 2026NOK 276.0bNOK 92.7bNOK 11.6b44x23.7x3x
Fri, 26 Dec 2025NOK 257.2bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Sun, 23 Nov 2025NOK 264.6bNOK 92.7bNOK 11.6b39.3x22.8x2.9x
Tue, 21 Oct 2025NOK 298.5bNOK 92.5bNOK 17.5b23.8x17x3.2x
Thu, 18 Sep 2025NOK 310.6bNOK 92.5bNOK 17.5b26.9x17.7x3.4x
Sat, 16 Aug 2025NOK 313.8bNOK 92.5bNOK 18.1b12.1x17.3x3.4x
Mon, 14 Jul 2025NOK 295.1bNOK 92.2bNOK 12.4b23x23.7x3.2x
Wed, 11 Jun 2025NOK 290.0bNOK 92.2bNOK 12.4b22.6x23.3x3.1x
Fri, 09 May 2025NOK 291.4bNOK 92.2bNOK 12.5b15x23.3x3.2x
Sun, 06 Apr 2025NOK 268.7bNOK 91.9bNOK 24.0b8.4x11.2x2.9x
Tue, 04 Mar 2025NOK 274.1bNOK 91.9bNOK 24.7b8.3x11.1x3x
Thu, 30 Jan 2025NOK 268.9bNOK 100.0bNOK 30.6b5.5x8.8x2.7x
Sat, 28 Dec 2024NOK 257.8bNOK 100.0bNOK 30.6b5.8x8.4x2.6x
Mon, 25 Nov 2024NOK 267.2bNOK 100.0bNOK 30.6b5.7x8.7x2.7x
Wed, 23 Oct 2024NOK 257.5bNOK 99.8bNOK 26.4b6.1x9.8x2.6x
Fri, 20 Sep 2024NOK 260.8bNOK 99.8bNOK 26.4b6.9x9.9x2.6x
Sun, 18 Aug 2024NOK 249.1bNOK 99.9bNOK 25.8b6.2x9.6x2.5x
Tue, 16 Jul 2024NOK 245.5bNOK 100.1bNOK 24.0b6.6x10.2x2.5x
Thu, 13 Jun 2024NOK 242.6bNOK 100.1bNOK 24.0b7x10.1x2.4x
Sat, 11 May 2024NOK 391.8bNOK 121.5bNOK 22.3b8.4x17.5x3.2x
Mon, 08 Apr 2024NOK 390.9bNOK 121.1bNOK 10.4b4.7x37.7x3.2x
Wed, 06 Mar 2024NOK 367.7bNOK 120.8bNOK 10.5b20.9x35.2x3x
Fri, 02 Feb 2024NOK 390.9bNOK 145.4bNOK 3.0b29.3x128.2x2.7x
Sun, 31 Dec 2023NOK 383.9bNOK 145.1bNOK 3.2b39.4x119.5x2.6x
Tue, 28 Nov 2023NOK 375.6bNOK 146.0bNOK 2.4b37.7x154.1x2.6x
Thu, 26 Oct 2023NOK 345.0bNOK 145.1b-NOK 18,391,595,928.0025.1x-18.8x2.4x
Sat, 23 Sep 2023NOK 377.8bNOK 144.4b-NOK 17,697,058,362.0026.7x-21.3x2.6x
Price to Earnings Ratio

-21.3x


Total Market Cap: NOK 377.8bTotal Earnings: -NOK 17,697,058,362.00Total Revenue: NOK 144.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 31.6x202420252026
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 31.6x.
  • 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 Market0.82%
Telecom0.42%
Media2.86%
Telecom Services and Carriers1.34%
Entertainment0.80%
Wireless Telecom0%0
Interactive Media and Services-3.20%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 539x.
    • 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 5.7% 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
TEL TelenorNOK 135.200.6%
+NOK 1.1b		-19.1%PE11.5x
MENTOR Mentor MedierNOK 34.006.3%
+NOK 11.5m		n/an/a
5PG 5th Planet GamesNOK 1.291.6%
+NOK 5.4m		91.2%PS59.9x

Latest News

TEL
NOK 135.20
Telenor
7D
0.6%
1Y
-19.1%
Narrative Update • Sep 10

TEL: Execution Discipline And Capital Returns Will Support Future Upside Potential

The analyst fair value estimate for Telenor has been adjusted from NOK 160.95 to NOK 157.30 as analysts respond to a series of reduced price targets and more cautious views on return on invested capital growth and gearing. Analyst Commentary Recent research on Telenor shows a split view.
VEND
NOK 234.00
Vend Marketplaces
7D
-1.8%
1Y
-35.4%
5PG
NOK 1.29
5th Planet Games
7D
1.6%
1Y
91.2%
POL
NOK 59.20
Polaris Media
7D
-2.3%
1Y
-0.5%