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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.7%
  • 3M10.5%
  • 1Y9.8%
  • YTD10.9%

Over the last 7 days, the Telecom industry has dropped 1.7%, driven by Telenor declining 2.0%. In the past year, the industry has gained 9.8%. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026NOK 290.8bNOK 86.5bNOK 10.2b60x28.4x3.4x
Thu, 22 Jan 2026NOK 264.6bNOK 92.7bNOK 11.6b42.8x22.8x2.9x
Sat, 20 Dec 2025NOK 256.8bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Mon, 17 Nov 2025NOK 269.8bNOK 92.7bNOK 11.6b64.6x23.2x2.9x
Wed, 15 Oct 2025NOK 305.6bNOK 92.5bNOK 17.5b24.8x17.4x3.3x
Fri, 12 Sep 2025NOK 316.3bNOK 92.5bNOK 17.5b27.2x18.1x3.4x
Sun, 10 Aug 2025NOK 305.7bNOK 92.5bNOK 18.1b12x16.9x3.3x
Tue, 08 Jul 2025NOK 296.8bNOK 92.2bNOK 12.4b23x23.9x3.2x
Thu, 05 Jun 2025NOK 292.4bNOK 92.2bNOK 12.5b13.6x23.4x3.2x
Sat, 03 May 2025NOK 289.7bNOK 91.9bNOK 24.0b8.9x12.1x3.2x
Mon, 31 Mar 2025NOK 273.8bNOK 91.9bNOK 24.0b8.6x11.4x3x
Wed, 26 Feb 2025NOK 273.1bNOK 91.9bNOK 24.7b8.1x11x3x
Fri, 24 Jan 2025NOK 266.6bNOK 100.0bNOK 30.6b5.5x8.7x2.7x
Sun, 22 Dec 2024NOK 253.8bNOK 100.0bNOK 30.6b5.5x8.3x2.5x
Tue, 19 Nov 2024NOK 268.0bNOK 100.0bNOK 30.7b6.6x8.7x2.7x
Thu, 17 Oct 2024NOK 269.7bNOK 99.8bNOK 26.4b6.5x10.2x2.7x
Sat, 14 Sep 2024NOK 261.1bNOK 99.8bNOK 26.4b7x9.9x2.6x
Mon, 12 Aug 2024NOK 245.8bNOK 99.9bNOK 25.8b6.2x9.5x2.5x
Wed, 10 Jul 2024NOK 244.3bNOK 100.1bNOK 24.0b7x10.2x2.4x
Fri, 07 Jun 2024NOK 247.1bNOK 100.1bNOK 24.0b7x10.3x2.5x
Sun, 05 May 2024NOK 395.0bNOK 121.5bNOK 22.3b8.4x17.7x3.3x
Tue, 02 Apr 2024NOK 385.6bNOK 121.3bNOK 10.4b4.6x37.2x3.2x
Thu, 29 Feb 2024NOK 372.0bNOK 120.4b-NOK 7,501,731,013.3020.7x-49.6x3.1x
Sat, 27 Jan 2024NOK 398.8bNOK 145.3bNOK 3.1b36.8x128x2.7x
Mon, 25 Dec 2023NOK 384.1bNOK 145.1bNOK 3.2b39.2x121.8x2.6x
Wed, 22 Nov 2023NOK 357.9bNOK 145.4bNOK 1.4b14.9x254.2x2.5x
Fri, 20 Oct 2023NOK 359.2bNOK 144.8b-NOK 18,098,932,958.0025x-19.8x2.5x
Sun, 17 Sep 2023NOK 328.0bNOK 144.5b-NOK 17,789,693,389.0025.8x-18.4x2.3x
Tue, 15 Aug 2023NOK 311.7bNOK 143.7b-NOK 18,222,053,014.0090.6x-17.1x2.2x
Thu, 13 Jul 2023NOK 291.7bNOK 142.2b-NOK 24,420,315,992.00163.8x-11.9x2.1x
Sat, 10 Jun 2023NOK 308.0bNOK 142.8b-NOK 24,977,502,107.00167x-12.3x2.2x
Mon, 08 May 2023NOK 335.0bNOK 142.4b-NOK 23,594,728,557.00157.3x-14.2x2.4x
Wed, 05 Apr 2023NOK 320.5bNOK 140.7b-NOK 31,942,293,977.0049.3x-10x2.3x
Fri, 03 Mar 2023NOK 325.4bNOK 140.4b-NOK 31,356,826,023.0053.2x-10.4x2.3x
Price to Earnings Ratio

-10.4x


Total Market Cap: NOK 325.4bTotal Earnings: -NOK 31,356,826,023.00Total Revenue: NOK 140.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 24.3x202420252026
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 28.4x which is higher than its 3-year average PE of 24.3x.
  • 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 Market2.65%
Telecom-1.71%
Media4.64%
Wireless Telecom0%0
Interactive Media and Services-0.76%
Telecom Services and Carriers-1.98%
Entertainment-2.82%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 330x.
    • 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 61% 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?

CompanyLast Price7D1YValuation
VEND Vend MarketplacesNOK 232.202.1%
+NOK 907.8m		-22.9%PS7.8x
POL Polaris MediaNOK 56.506.6%
+NOK 171.1m		-31.9%PE3451.8x

Latest News

POL
NOK 56.50
Polaris Media
7D
6.6%
1Y
-31.9%
TEL
NOK 173.90
Telenor
7D
-1.4%
1Y
19.8%
5PG
NOK 0.98
5th Planet Games
7D
-4.9%
1Y
-11.4%
VEND
NOK 232.20
Vend Marketplaces
7D
2.1%
1Y
-22.9%