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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.6%
  • 3M1.2%
  • 1Y4.0%
  • YTD6.2%

Over the last 7 days, the Telecom industry has dropped 1.7%, driven by Vend Marketplaces declining 9.5%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 7.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026NOK 279.0bNOK 92.7bNOK 11.6b46x24x3x
Sun, 04 Jan 2026NOK 263.1bNOK 92.7bNOK 11.6b42.5x22.6x2.8x
Tue, 02 Dec 2025NOK 261.7bNOK 92.7bNOK 11.6b44.9x22.5x2.8x
Thu, 30 Oct 2025NOK 286.8bNOK 92.5bNOK 17.5b23x16.4x3.1x
Sat, 27 Sep 2025NOK 300.9bNOK 92.5bNOK 17.5b25.6x17.2x3.3x
Mon, 25 Aug 2025NOK 312.9bNOK 92.5bNOK 18.1b11.9x17.3x3.4x
Wed, 23 Jul 2025NOK 312.8bNOK 91.3bNOK 18.1b12.7x17.3x3.4x
Fri, 20 Jun 2025NOK 291.8bNOK 92.2bNOK 12.4b22.8x23.5x3.2x
Sun, 18 May 2025NOK 291.2bNOK 92.2bNOK 12.5b13.8x23.3x3.2x
Tue, 15 Apr 2025NOK 269.9bNOK 91.9bNOK 24.0b8.3x11.3x2.9x
Thu, 13 Mar 2025NOK 266.6bNOK 91.9bNOK 24.7b8.2x10.8x2.9x
Sat, 08 Feb 2025NOK 268.4bNOK 100.0bNOK 30.6b5.3x8.8x2.7x
Mon, 06 Jan 2025NOK 260.5bNOK 100.0bNOK 30.6b5.6x8.5x2.6x
Wed, 04 Dec 2024NOK 267.3bNOK 100.0bNOK 30.6b5.8x8.7x2.7x
Fri, 01 Nov 2024NOK 274.2bNOK 100.0bNOK 30.6b6.8x9x2.7x
Sun, 29 Sep 2024NOK 263.9bNOK 99.8bNOK 26.4b7.1x10x2.6x
Tue, 27 Aug 2024NOK 249.4bNOK 99.8bNOK 26.4b7x9.5x2.5x
Thu, 25 Jul 2024NOK 250.0bNOK 99.9bNOK 25.8b6.5x9.7x2.5x
Sat, 22 Jun 2024NOK 244.1bNOK 100.1bNOK 24.0b7.1x10.2x2.4x
Mon, 20 May 2024NOK 397.9bNOK 121.3bNOK 22.4b8.4x17.8x3.3x
Wed, 17 Apr 2024NOK 382.7bNOK 121.2bNOK 10.4b4.3x36.8x3.2x
Fri, 15 Mar 2024NOK 371.6bNOK 120.9bNOK 10.5b19.8x35.5x3.1x
Sun, 11 Feb 2024NOK 368.3bNOK 120.2b-NOK 7,335,072,235.5921.7x-50.2x3.1x
Tue, 09 Jan 2024NOK 391.8bNOK 145.4bNOK 3.0b39.3x132.4x2.7x
Thu, 07 Dec 2023NOK 386.5bNOK 146.3bNOK 2.2b37.9x175.6x2.6x
Sat, 04 Nov 2023NOK 353.9bNOK 145.8bNOK 1.2b14.9x302.3x2.4x
Mon, 02 Oct 2023NOK 371.2bNOK 144.1b-NOK 17,460,058,832.0026.3x-21.3x2.6x
Wed, 30 Aug 2023NOK 319.7bNOK 144.0b-NOK 18,369,150,818.0025.6x-17.4x2.2x
Fri, 28 Jul 2023NOK 305.7bNOK 143.2b-NOK 17,771,424,290.00162.2x-17.2x2.1x
Sun, 25 Jun 2023NOK 302.9bNOK 143.2b-NOK 25,400,237,198.00165.4x-11.9x2.1x
Tue, 23 May 2023NOK 323.2bNOK 142.6b-NOK 24,765,987,946.00157.3x-13.1x2.3x
Thu, 20 Apr 2023NOK 339.0bNOK 141.3b-NOK 32,459,597,834.0051.3x-10.4x2.4x
Sat, 18 Mar 2023NOK 321.7bNOK 140.9b-NOK 31,882,826,563.0049.3x-10.1x2.3x
Mon, 13 Feb 2023NOK 333.2bNOK 139.5b-NOK 12,063,479,555.0016.5x-27.6x2.4x
Price to Earnings Ratio

-27.6x


Total Market Cap: NOK 333.2bTotal Earnings: -NOK 12,063,479,555.00Total Revenue: NOK 139.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 23.4x202420252026
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 23.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
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 13% 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 Market0.24%
Telecom-0.59%
Entertainment11.98%
Telecom Services and Carriers0.31%
Wireless Telecom0%0
Media-2.01%
Interactive Media and Services-4.07%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 269x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.8x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% per year.
  • In contrast, the Interactive Media and Services 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?

CompanyLast Price7D1YValuation
TEL TelenorNOK 161.900.3%
+NOK 683.4m		15.1%PE21.9x
5PG 5th Planet GamesNOK 0.9712.0%
+NOK 27.9m		-7.0%PE55.2x

Latest News

TEL
NOK 161.90
Telenor
7D
0.3%
1Y
15.1%
VEND
NOK 254.80
Vend Marketplaces
7D
-4.1%
1Y
-23.3%

Vend Marketplaces (OB:VEND) Seems To Use Debt Rather Sparingly

Jan 21
Vend Marketplaces (OB:VEND) Seems To Use Debt Rather Sparingly
5PG
NOK 0.97
5th Planet Games
7D
12.0%
1Y
-7.0%
POL
NOK 53.00
Polaris Media
7D
-1.9%
1Y
-37.6%

These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well

Dec 19
These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well