Telenor (OB:TEL) Has More To Do To Multiply In Value Going Forward
Jun 23
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Norwegian (OSEAX) Telecom Sector Analysis
UpdatedJul 01, 2025
DataAggregated Company Financials
Companies5
- 7D1.6%
- 3M7.5%
- 1Y22.6%
- YTD14.2%
In the last week, the Telecom industry is up 1.6%, with Vend Marketplaces up 4.0%. During this same period, the Mentor Medier underperformed, falling 13%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 8.3% annually.
Sector Valuation and Performance
Has the Norwegian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 02 Jul 2025 | NOK 295.5b | NOK 92.2b | NOK 12.4b | 23.1x | 23.8x | 3.2x |
| Fri, 30 May 2025 | NOK 289.5b | NOK 92.2b | NOK 12.5b | 13.7x | 23.2x | 3.1x |
| Sun, 27 Apr 2025 | NOK 277.7b | NOK 91.9b | NOK 24.0b | 8.6x | 11.6x | 3x |
| Tue, 25 Mar 2025 | NOK 275.7b | NOK 91.9b | NOK 24.0b | 8.4x | 11.5x | 3x |
| Thu, 20 Feb 2025 | NOK 267.4b | NOK 92.3b | NOK 15.1b | 11.1x | 17.7x | 2.9x |
| Sat, 18 Jan 2025 | NOK 260.0b | NOK 100.0b | NOK 30.6b | 5.4x | 8.5x | 2.6x |
| Mon, 16 Dec 2024 | NOK 262.6b | NOK 100.0b | NOK 30.6b | 5.8x | 8.6x | 2.6x |
| Wed, 13 Nov 2024 | NOK 272.7b | NOK 100.0b | NOK 30.7b | 6.6x | 8.9x | 2.7x |
| Fri, 11 Oct 2024 | NOK 262.3b | NOK 99.8b | NOK 26.4b | 7.2x | 9.9x | 2.6x |
| Sun, 08 Sep 2024 | NOK 260.6b | NOK 99.8b | NOK 26.4b | 7.1x | 9.9x | 2.6x |
| Tue, 06 Aug 2024 | NOK 241.0b | NOK 99.9b | NOK 25.8b | 5.9x | 9.3x | 2.4x |
| Thu, 04 Jul 2024 | NOK 242.4b | NOK 100.1b | NOK 24.0b | 6.7x | 10.1x | 2.4x |
| Sat, 01 Jun 2024 | NOK 381.2b | NOK 121.4b | NOK 22.1b | 7.2x | 17.2x | 3.1x |
| Mon, 29 Apr 2024 | NOK 390.4b | NOK 121.4b | NOK 10.0b | 4.4x | 39x | 3.2x |
| Wed, 27 Mar 2024 | NOK 380.8b | NOK 121.2b | NOK 10.4b | 20x | 36.5x | 3.1x |
| Fri, 23 Feb 2024 | NOK 373.6b | NOK 120.2b | -NOK 7,335,321,296.11 | 21.4x | -50.9x | 3.1x |
| Sun, 21 Jan 2024 | NOK 398.5b | NOK 145.5b | NOK 2.9b | 38x | 139.8x | 2.7x |
| Tue, 19 Dec 2023 | NOK 392.1b | NOK 145.4b | NOK 3.0b | 38.9x | 132.3x | 2.7x |
| Thu, 16 Nov 2023 | NOK 360.2b | NOK 145.5b | NOK 1.4b | 15.1x | 265.8x | 2.5x |
| Sat, 14 Oct 2023 | NOK 373.5b | NOK 144.5b | -NOK 17,808,319,033.00 | 26.3x | -21x | 2.6x |
| Mon, 11 Sep 2023 | NOK 311.8b | NOK 144.4b | -NOK 17,684,434,863.00 | 24.2x | -17.6x | 2.2x |
| Wed, 09 Aug 2023 | NOK 305.3b | NOK 143.4b | -NOK 17,964,830,188.00 | 91.9x | -17x | 2.1x |
| Fri, 07 Jul 2023 | NOK 293.8b | NOK 143.0b | -NOK 25,237,063,480.00 | 163.8x | -11.6x | 2.1x |
| Sun, 04 Jun 2023 | NOK 320.4b | NOK 143.2b | -NOK 25,410,149,337.00 | 167x | -12.6x | 2.2x |
| Tue, 02 May 2023 | NOK 343.6b | NOK 141.7b | -NOK 17,121,270,820.00 | 50.8x | -20.1x | 2.4x |
| Thu, 30 Mar 2023 | NOK 312.6b | NOK 140.8b | -NOK 33,677,353,410.00 | 47.5x | -9.3x | 2.2x |
| Sat, 25 Feb 2023 | NOK 314.9b | NOK 139.8b | -NOK 12,029,693,890.00 | 107.3x | -26.2x | 2.3x |
| Mon, 23 Jan 2023 | NOK 304.9b | NOK 151.9b | -NOK 34,330,020,750.00 | 17.1x | -8.9x | 2x |
| Wed, 21 Dec 2022 | NOK 260.7b | NOK 151.5b | -NOK 34,339,719,382.00 | 18.4x | -7.6x | 1.7x |
| Fri, 18 Nov 2022 | NOK 289.9b | NOK 151.1b | -NOK 33,886,918,664.00 | 18.4x | -8.6x | 1.9x |
| Sun, 16 Oct 2022 | NOK 273.8b | NOK 149.8b | -NOK 29,476,591,741.00 | 16.9x | -9.3x | 1.8x |
| Tue, 13 Sep 2022 | NOK 306.0b | NOK 149.0b | -NOK 29,490,854,367.00 | 19.1x | -10.4x | 2.1x |
| Thu, 11 Aug 2022 | NOK 317.6b | NOK 144.0b | -NOK 28,836,758,617.00 | 107.3x | -11x | 2.2x |
| Sat, 09 Jul 2022 | NOK 333.7b | NOK 143.5b | -NOK 19,682,060,428.00 | 97.5x | -17x | 2.3x |
Price to Earnings Ratio
-17x
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 23.8x which is higher than its 3-year average PE of 17.4x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.2x.
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 14% 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 | -1.11% | |
| Telecom | 1.56% | |
| Media | 2.10% | |
| Telecom Services and Carriers | 1.36% | |
| Interactive Media and Services | 0% | 0 |
| Wireless Telecom | 0% | 0 |
| Entertainment | -0.46% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 1.4x.
- Analysts are expecting annual earnings decline of 1.4%, which is lower than the prior year's growth of 117.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Media industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VENDA Vend Marketplaces | NOK 358.80 | 4.0% +NOK 3.1b | 13.9% | PE32.6x | |
| TEL Telenor | NOK 156.90 | 1.0% +NOK 2.1b | 30.0% | PE23.1x | |
| POL Polaris Media | NOK 61.50 | 0.8% +NOK 24.5m | -19.6% | PE4.4x |
