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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.7%
  • 3M-10.0%
  • 1Y-11.2%
  • YTD-3.3%

Over the last 7 days, the Telecom industry has dropped 2.9%, driven by Telenor declining 3.0%. On the other hand 5th Planet Games is actually up 20%. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026NOK 252.2bNOK 86.1bNOK 12.9b165.3x19.6x2.9x
Thu, 21 May 2026NOK 273.1bNOK 86.1bNOK 12.9b143.5x21.2x3.2x
Sat, 18 Apr 2026NOK 279.6bNOK 86.5bNOK 10.3b208.8x27.1x3.2x
Mon, 16 Mar 2026NOK 293.1bNOK 86.5bNOK 10.2b60.1x28.6x3.4x
Wed, 11 Feb 2026NOK 296.3bNOK 86.5bNOK 10.2b59.2x28.9x3.4x
Fri, 09 Jan 2026NOK 264.8bNOK 92.7bNOK 11.6b42.4x22.8x2.9x
Sun, 07 Dec 2025NOK 261.4bNOK 92.7bNOK 11.6b42.6x22.5x2.8x
Tue, 04 Nov 2025NOK 282.8bNOK 92.7bNOK 11.7b38.6x24.2x3x
Thu, 02 Oct 2025NOK 302.9bNOK 92.5bNOK 17.5b25.2x17.3x3.3x
Sat, 30 Aug 2025NOK 312.1bNOK 92.5bNOK 17.5b22.4x17.8x3.4x
Mon, 28 Jul 2025NOK 304.4bNOK 92.5bNOK 18.1b12x16.8x3.3x
Wed, 25 Jun 2025NOK 291.4bNOK 92.2bNOK 12.4b22.9x23.4x3.2x
Fri, 23 May 2025NOK 290.0bNOK 92.2bNOK 12.5b13.7x23.2x3.1x
Sun, 20 Apr 2025NOK 278.0bNOK 91.9bNOK 24.0b8.5x11.6x3x
Tue, 18 Mar 2025NOK 273.2bNOK 91.9bNOK 24.7b8.3x11x3x
Thu, 13 Feb 2025NOK 269.2bNOK 92.3bNOK 15.0b11.7x18x2.9x
Sat, 11 Jan 2025NOK 257.9bNOK 100.0bNOK 30.6b5.6x8.4x2.6x
Mon, 09 Dec 2024NOK 264.7bNOK 100.0bNOK 30.6b5.7x8.6x2.6x
Wed, 06 Nov 2024NOK 275.7bNOK 100.0bNOK 30.6b6.3x9x2.8x
Fri, 04 Oct 2024NOK 260.1bNOK 99.8bNOK 26.4b7.3x9.9x2.6x
Sun, 01 Sep 2024NOK 257.1bNOK 99.8bNOK 26.4b6.9x9.8x2.6x
Tue, 30 Jul 2024NOK 251.1bNOK 99.9bNOK 25.8b6.2x9.7x2.5x
Thu, 27 Jun 2024NOK 243.4bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Sat, 25 May 2024NOK 391.4bNOK 121.1bNOK 22.4b8.2x17.5x3.2x
Mon, 22 Apr 2024NOK 385.3bNOK 121.3bNOK 10.4b4.3x37.1x3.2x
Wed, 20 Mar 2024NOK 374.6bNOK 121.0bNOK 10.4b20.4x35.9x3.1x
Fri, 16 Feb 2024NOK 375.0bNOK 120.1b-NOK 7,282,931,595.5120.9x-51.5x3.1x
Sun, 14 Jan 2024NOK 391.0bNOK 145.2bNOK 3.1b38.4x125.4x2.7x
Tue, 12 Dec 2023NOK 397.0bNOK 146.2bNOK 2.2b37.6x177.7x2.7x
Thu, 09 Nov 2023NOK 357.0bNOK 146.0bNOK 884.5m15x403.6x2.4x
Sat, 07 Oct 2023NOK 369.8bNOK 144.6b-NOK 17,916,920,359.0025.9x-20.6x2.6x
Mon, 04 Sep 2023NOK 322.2bNOK 144.5b-NOK 17,801,731,814.0024.8x-18.1x2.2x
Wed, 02 Aug 2023NOK 307.8bNOK 143.3b-NOK 17,840,415,830.0092x-17.3x2.1x
Fri, 30 Jun 2023NOK 302.0bNOK 143.1b-NOK 25,289,889,460.00159.9x-11.9x2.1x
Price to Earnings Ratio

-11.9x


Total Market Cap: NOK 302.0bTotal Earnings: -NOK 25,289,889,460.00Total Revenue: NOK 143.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 28.3x202420252026
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 19.6x which is lower than its 3-year average PE of 28.2x.
  • 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 Market-0.87%
Telecom-2.74%
Entertainment19.26%
Interactive Media and Services0.50%
Wireless Telecom0%0
Media-1.24%
Telecom Services and Carriers-3.60%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 515x.
    • 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 6.9% 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
5PG 5th Planet GamesNOK 1.4720.5%
+NOK 67.2m		69.0%PE166.6x

Latest News

VEND
NOK 242.20
Vend Marketplaces
7D
-0.08%
1Y
-27.2%
TEL
NOK 145.70
Telenor
7D
-3.0%
1Y
-5.8%
Analysis Article • Jun 18

Telenor (OB:TEL) Stock Could Be 51.9% Below Fair Value After Bane NOR Deal

Telenor (OB:TEL) is back in focus after Telenor Norge and Techstep secured a new five year frame agreement with Bane NOR, covering mobile services, devices, subscriptions, and full lifecycle management. See our latest analysis for Telenor. The new Bane NOR contract lands at a time when Telenor’s share price has softened, with a 30 day share price return down 10.19% and a 90 day return down 13.60%, yet its 3 year total shareholder return of 60.65% and 5 year total shareholder return of 42.38%...
5PG
NOK 1.47
5th Planet Games
7D
20.5%
1Y
69.0%
POL
NOK 60.00
Polaris Media
7D
-2.0%
1Y
-2.4%
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...