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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedSep 20, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.7%
  • 3M-8.0%
  • 1Y-23.1%
  • YTD-10.9%

Over the last 7 days, the Telecom industry has dropped 1.7%, driven by declines from every company within the industry. Overall the industry is down 23% in 12 months. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Sep 2026NOK 230.0bNOK 85.1bNOK 7.6b150.2x30.1x2.7x
Tue, 18 Aug 2026NOK 237.3bNOK 85.1bNOK 7.7b162.8x30.9x2.8x
Thu, 16 Jul 2026NOK 254.2bNOK 86.1bNOK 12.9b152.5x19.7x3x
Sat, 13 Jun 2026NOK 260.7bNOK 86.1bNOK 12.9b140.8x20.2x3x
Mon, 11 May 2026NOK 266.2bNOK 86.1bNOK 12.9b197.2x20.7x3.1x
Wed, 08 Apr 2026NOK 287.5bNOK 86.5bNOK 10.3b117.8x27.9x3.3x
Fri, 06 Mar 2026NOK 290.3bNOK 86.5bNOK 10.2b53.1x28.4x3.4x
Sun, 01 Feb 2026NOK 281.6bNOK 92.7bNOK 11.6b44x24.2x3x
Tue, 30 Dec 2025NOK 262.9bNOK 92.7bNOK 11.6b42.1x22.6x2.8x
Thu, 27 Nov 2025NOK 266.1bNOK 92.7bNOK 11.6b41.8x22.9x2.9x
Sat, 25 Oct 2025NOK 298.9bNOK 92.5bNOK 17.5b24.3x17.1x3.2x
Mon, 22 Sep 2025NOK 304.8bNOK 92.5bNOK 17.5b26.8x17.4x3.3x
Wed, 20 Aug 2025NOK 313.5bNOK 92.5bNOK 18.1b11.9x17.3x3.4x
Fri, 18 Jul 2025NOK 302.4bNOK 92.2bNOK 12.4b23.7x24.3x3.3x
Sun, 15 Jun 2025NOK 291.0bNOK 92.2bNOK 12.4b22.5x23.4x3.2x
Tue, 13 May 2025NOK 286.1bNOK 92.2bNOK 12.5b14.7x22.9x3.1x
Thu, 10 Apr 2025NOK 255.7bNOK 91.9bNOK 24.0b8.1x10.7x2.8x
Sat, 08 Mar 2025NOK 268.6bNOK 91.9bNOK 24.7b8.3x10.9x2.9x
Mon, 03 Feb 2025NOK 269.3bNOK 100.0bNOK 30.6b5.3x8.8x2.7x
Wed, 01 Jan 2025NOK 257.2bNOK 100.0bNOK 30.6b5.5x8.4x2.6x
Fri, 29 Nov 2024NOK 266.2bNOK 100.0bNOK 30.6b5.7x8.7x2.7x
Sun, 27 Oct 2024NOK 264.3bNOK 100.1bNOK 30.0b6.7x8.8x2.6x
Tue, 24 Sep 2024NOK 264.4bNOK 99.8bNOK 26.4b6.9x10x2.6x
Thu, 22 Aug 2024NOK 246.3bNOK 99.9bNOK 25.8b5.9x9.5x2.5x
Sat, 20 Jul 2024NOK 247.2bNOK 99.9bNOK 25.8b6.4x9.6x2.5x
Mon, 17 Jun 2024NOK 238.7bNOK 100.1bNOK 24.0b6.8x9.9x2.4x
Wed, 15 May 2024NOK 395.0bNOK 121.5bNOK 22.4b8.4x17.7x3.3x
Fri, 12 Apr 2024NOK 383.4bNOK 121.1bNOK 10.4b4.4x36.8x3.2x
Sun, 10 Mar 2024NOK 368.5bNOK 120.7bNOK 10.5b21x35.2x3.1x
Tue, 06 Feb 2024NOK 365.7bNOK 141.1bNOK 4.0b18.9x90.7x2.6x
Thu, 04 Jan 2024NOK 386.6bNOK 145.3bNOK 3.1b39.5x126.5x2.7x
Sat, 02 Dec 2023NOK 378.2bNOK 145.8bNOK 2.5b38.1x148.7x2.6x
Mon, 30 Oct 2023NOK 343.9bNOK 145.8bNOK 1.3b14.6x274.7x2.4x
Wed, 27 Sep 2023NOK 370.8bNOK 144.4b-NOK 17,678,771,130.0026.5x-21x2.6x
Price to Earnings Ratio

-21x


Total Market Cap: NOK 370.8bTotal Earnings: -NOK 17,678,771,130.00Total Revenue: NOK 144.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 31.8x202420252026
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 31.7x.
  • 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 Market0.51%
Telecom-1.66%
Wireless Telecom0%0
Telecom Services and Carriers-1.35%
Interactive Media and Services-2.77%
Media-2.77%
Entertainment-3.85%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 540x.
    • 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 5.7% 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
No data available

Latest News

TEL
NOK 132.00
Telenor
7D
-1.3%
1Y
-20.5%
Narrative Update • Sep 10

TEL: Execution Discipline And Capital Returns Will Support Future Upside Potential

The analyst fair value estimate for Telenor has been adjusted from NOK 160.95 to NOK 157.30 as analysts respond to a series of reduced price targets and more cautious views on return on invested capital growth and gearing. Analyst Commentary Recent research on Telenor shows a split view.
VEND
NOK 231.40
Vend Marketplaces
7D
-2.8%
1Y
-33.0%
5PG
NOK 1.25
5th Planet Games
7D
-3.8%
1Y
74.1%
POL
NOK 60.80
Polaris Media
7D
-2.6%
1Y
2.2%