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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.4%
  • 3M-13.2%
  • 1Y-14.1%
  • YTD-4.5%

Last week, the Telecom industry hasn't moved much but Vend Marketplaces is up 6.0% in that time. As for the longer term, the industry has declined 14% in the last year. Looking forward, 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
Sat, 04 Jul 2026NOK 249.1bNOK 86.1bNOK 12.9b159x19.3x2.9x
Mon, 01 Jun 2026NOK 261.8bNOK 86.1bNOK 12.9b183.3x20.3x3x
Wed, 29 Apr 2026NOK 263.8bNOK 86.3bNOK 10.3b205.7x25.6x3.1x
Fri, 27 Mar 2026NOK 280.6bNOK 86.5bNOK 10.2b101.3x27.4x3.2x
Sun, 22 Feb 2026NOK 291.5bNOK 86.5bNOK 10.2b60.9x28.5x3.4x
Tue, 20 Jan 2026NOK 263.4bNOK 92.7bNOK 11.6b42.3x22.7x2.8x
Thu, 18 Dec 2025NOK 259.9bNOK 92.7bNOK 11.6b41.4x22.4x2.8x
Sat, 15 Nov 2025NOK 269.8bNOK 92.7bNOK 11.6b64.6x23.2x2.9x
Mon, 13 Oct 2025NOK 304.3bNOK 92.5bNOK 17.5b24.8x17.4x3.3x
Wed, 10 Sep 2025NOK 315.1bNOK 92.5bNOK 17.5b27x18x3.4x
Fri, 08 Aug 2025NOK 307.8bNOK 92.5bNOK 18.1b12.2x17x3.3x
Sun, 06 Jul 2025NOK 297.3bNOK 92.2bNOK 12.4b23.1x23.9x3.2x
Tue, 03 Jun 2025NOK 291.8bNOK 92.2bNOK 12.5b13.8x23.3x3.2x
Thu, 01 May 2025NOK 287.3bNOK 91.9bNOK 24.0b8.8x12x3.1x
Sat, 29 Mar 2025NOK 273.8bNOK 91.9bNOK 24.0b8.6x11.4x3x
Mon, 24 Feb 2025NOK 268.7bNOK 91.9bNOK 24.7b8.1x10.9x2.9x
Wed, 22 Jan 2025NOK 262.6bNOK 100.0bNOK 30.6b5.4x8.6x2.6x
Fri, 20 Dec 2024NOK 255.3bNOK 100.0bNOK 30.6b5.5x8.3x2.6x
Sun, 17 Nov 2024NOK 267.7bNOK 100.0bNOK 30.7b6.8x8.7x2.7x
Tue, 15 Oct 2024NOK 260.2bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Thu, 12 Sep 2024NOK 262.7bNOK 99.9bNOK 26.4b7.2x10x2.6x
Sat, 10 Aug 2024NOK 244.6bNOK 99.9bNOK 25.8b6.1x9.5x2.4x
Mon, 08 Jul 2024NOK 241.3bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Wed, 05 Jun 2024NOK 247.9bNOK 100.1bNOK 24.0b6.9x10.3x2.5x
Fri, 03 May 2024NOK 394.3bNOK 121.7bNOK 22.3b8.5x17.7x3.2x
Sun, 31 Mar 2024NOK 385.6bNOK 121.2bNOK 10.4b4.6x37.2x3.2x
Tue, 27 Feb 2024NOK 375.8bNOK 120.3b-NOK 7,402,622,188.9621.8x-50.8x3.1x
Thu, 25 Jan 2024NOK 396.3bNOK 145.4bNOK 3.0b36.7x133.6x2.7x
Sat, 23 Dec 2023NOK 384.1bNOK 145.1bNOK 3.2b39.2x121.9x2.6x
Mon, 20 Nov 2023NOK 363.7bNOK 145.7bNOK 1.2b15.2x300.7x2.5x
Wed, 18 Oct 2023NOK 371.6bNOK 144.6b-NOK 17,894,846,128.0026.2x-20.8x2.6x
Fri, 15 Sep 2023NOK 321.7bNOK 144.4b-NOK 17,691,049,604.0024.9x-18.2x2.2x
Sun, 13 Aug 2023NOK 314.0bNOK 143.6b-NOK 18,209,761,282.0093.1x-17.2x2.2x
Tue, 11 Jul 2023NOK 289.2bNOK 142.7b-NOK 24,959,448,392.00160.5x-11.6x2x
Price to Earnings Ratio

-11.6x


Total Market Cap: NOK 289.2bTotal Earnings: -NOK 24,959,448,392.00Total Revenue: NOK 142.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 28.6x202420252026
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 19.2x which is lower than its 3-year average PE of 28.5x.
  • 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 Market2.34%
Telecom-0.39%
Interactive Media and Services6.02%
Wireless Telecom0%0
Entertainment-0.70%
Media-1.27%
Telecom Services and Carriers-1.93%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 518x.
    • 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 98% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 6.8% 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 246.406.0%
+NOK 2.9b		-28.8%PS8.1x

Latest News

TEL
NOK 142.20
Telenor
7D
-1.9%
1Y
-9.4%
VEND
NOK 246.40
Vend Marketplaces
7D
6.0%
1Y
-28.8%
5PG
NOK 1.42
5th Planet Games
7D
-0.7%
1Y
65.1%
POL
NOK 59.00
Polaris Media
7D
-1.3%
1Y
-4.8%
Analysis Article • May 20

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