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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies6
  • 7D0.9%
  • 3M-9.6%
  • 1Y-21.7%
  • YTD-8.1%

Last week, the Telecom industry hasn't moved much but Vend Marketplaces is up 5.0% in that time. As for the longer term, the industry has declined 22% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026NOK 239.1bNOK 85.1bNOK 7.7b161.9x31.2x2.8x
Fri, 03 Jul 2026NOK 247.9bNOK 86.1bNOK 12.9b156.6x19.2x2.9x
Sun, 31 May 2026NOK 261.8bNOK 86.1bNOK 12.9b183.3x20.3x3x
Tue, 28 Apr 2026NOK 274.1bNOK 86.3bNOK 10.3b210.8x26.6x3.2x
Thu, 26 Mar 2026NOK 280.7bNOK 86.5bNOK 10.2b111.3x27.4x3.2x
Sat, 21 Feb 2026NOK 291.5bNOK 86.5bNOK 10.2b60.9x28.5x3.4x
Mon, 19 Jan 2026NOK 260.8bNOK 92.7bNOK 11.6b42.5x22.4x2.8x
Wed, 17 Dec 2025NOK 260.2bNOK 92.7bNOK 11.6b41.7x22.4x2.8x
Fri, 14 Nov 2025NOK 270.0bNOK 92.7bNOK 11.6b63.1x23.2x2.9x
Sun, 12 Oct 2025NOK 304.3bNOK 92.5bNOK 17.5b24.8x17.4x3.3x
Tue, 09 Sep 2025NOK 311.8bNOK 92.5bNOK 17.5b26.9x17.8x3.4x
Thu, 07 Aug 2025NOK 309.3bNOK 92.5bNOK 18.1b12x17.1x3.3x
Sat, 05 Jul 2025NOK 297.3bNOK 92.2bNOK 12.4b23.1x23.9x3.2x
Mon, 02 Jun 2025NOK 292.3bNOK 92.2bNOK 12.5b13.8x23.4x3.2x
Wed, 30 Apr 2025NOK 281.2bNOK 91.9bNOK 24.0b8.7x11.7x3.1x
Fri, 28 Mar 2025NOK 271.1bNOK 91.9bNOK 24.0b8.5x11.3x3x
Sun, 23 Feb 2025NOK 268.7bNOK 91.9bNOK 24.7b8.1x10.9x2.9x
Tue, 21 Jan 2025NOK 262.1bNOK 100.0bNOK 30.6b5.3x8.6x2.6x
Thu, 19 Dec 2024NOK 260.7bNOK 100.0bNOK 30.6b5.7x8.5x2.6x
Sat, 16 Nov 2024NOK 267.7bNOK 100.0bNOK 30.7b6.8x8.7x2.7x
Mon, 14 Oct 2024NOK 260.2bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Wed, 11 Sep 2024NOK 266.0bNOK 99.8bNOK 26.4b7x10.1x2.7x
Fri, 09 Aug 2024NOK 244.7bNOK 99.9bNOK 25.8b6.1x9.5x2.4x
Sun, 07 Jul 2024NOK 241.3bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Tue, 04 Jun 2024NOK 247.6bNOK 100.1bNOK 24.0b7.1x10.3x2.5x
Thu, 02 May 2024NOK 390.0bNOK 121.5bNOK 10.0b4.3x39x3.2x
Sat, 30 Mar 2024NOK 385.6bNOK 121.3bNOK 10.4b4.6x37.2x3.2x
Mon, 26 Feb 2024NOK 371.1bNOK 120.2b-NOK 7,379,076,207.7420.6x-50.3x3.1x
Wed, 24 Jan 2024NOK 397.6bNOK 145.5bNOK 2.9b37.4x137.3x2.7x
Fri, 22 Dec 2023NOK 384.2bNOK 145.3bNOK 3.0b39.4x126x2.6x
Sun, 19 Nov 2023NOK 363.7bNOK 145.7bNOK 1.2b15.2x300.7x2.5x
Tue, 17 Oct 2023NOK 371.6bNOK 144.6b-NOK 17,894,846,128.0026.2x-20.8x2.6x
Thu, 14 Sep 2023NOK 314.7bNOK 144.5b-NOK 17,800,596,833.0024.6x-17.7x2.2x
Sat, 12 Aug 2023NOK 314.0bNOK 143.7b-NOK 18,224,231,565.0093.1x-17.2x2.2x
Price to Earnings Ratio

-17.2x


Total Market Cap: NOK 314.0bTotal Earnings: -NOK 18,224,231,565.00Total Revenue: NOK 143.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 29.7x202420252026
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 29.7x.
  • 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 Market1.04%
Telecom0.86%
Interactive Media and Services4.98%
Entertainment2.91%
Wireless Telecom0%0
Telecom Services and Carriers-0.15%
Media-5.01%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 527x.
    • 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 5.8% 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 246.801.6%
+NOK 830.9m		-36.4%PS8.1x
5PG 5th Planet GamesNOK 1.400.7%
+NOK 2.7m		78.6%PE160.4x

Latest News

TEL
NOK 132.70
Telenor
7D
-1.7%
1Y
-18.2%
Analysis Article • Jul 24

Impressive Earnings May Not Tell The Whole Story For Telenor (OB:TEL)

Last week's profit announcement from Telenor ASA ( OB:TEL ) was underwhelming for investors, despite headline numbers...
VEND
NOK 246.80
Vend Marketplaces
7D
1.6%
1Y
-36.4%
5PG
NOK 1.40
5th Planet Games
7D
0.7%
1Y
78.6%
POL
NOK 57.80
Polaris Media
7D
-3.3%
1Y
-6.8%
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...