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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies6
  • 7D3.0%
  • 3M10.6%
  • 1Y9.4%
  • YTD9.9%

In the last week, the Telecom industry is up 3.0%, with Telenor up 2.4%. During this same period, the 5th Planet Games underperformed, falling 5.4%. This takes the industry's 12 month performance to a gain of 9.4%. 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
Sun, 05 Apr 2026NOK 287.6bNOK 86.5bNOK 10.3b121.4x27.9x3.3x
Tue, 03 Mar 2026NOK 295.2bNOK 86.5bNOK 10.2b54.2x28.8x3.4x
Thu, 29 Jan 2026NOK 279.8bNOK 92.7bNOK 11.6b44.1x24.1x3x
Sat, 27 Dec 2025NOK 257.2bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Mon, 24 Nov 2025NOK 264.6bNOK 92.7bNOK 11.6b39.3x22.8x2.9x
Wed, 22 Oct 2025NOK 298.5bNOK 92.5bNOK 17.5b24.8x17x3.2x
Fri, 19 Sep 2025NOK 306.7bNOK 92.5bNOK 17.5b26.9x17.5x3.3x
Sun, 17 Aug 2025NOK 313.8bNOK 92.5bNOK 18.1b12.1x17.3x3.4x
Tue, 15 Jul 2025NOK 296.4bNOK 92.2bNOK 12.4b23.2x23.8x3.2x
Thu, 12 Jun 2025NOK 290.5bNOK 92.2bNOK 12.4b22.5x23.4x3.1x
Sat, 10 May 2025NOK 288.9bNOK 92.2bNOK 12.5b14.9x23.1x3.1x
Mon, 07 Apr 2025NOK 268.7bNOK 91.9bNOK 24.0b8.4x11.2x2.9x
Wed, 05 Mar 2025NOK 272.9bNOK 91.9bNOK 24.7b8.2x11x3x
Fri, 31 Jan 2025NOK 268.9bNOK 100.0bNOK 30.6b5.5x8.8x2.7x
Sun, 29 Dec 2024NOK 257.8bNOK 100.0bNOK 30.6b5.8x8.4x2.6x
Tue, 26 Nov 2024NOK 264.6bNOK 100.0bNOK 30.6b5.7x8.6x2.6x
Thu, 24 Oct 2024NOK 261.0bNOK 99.8bNOK 26.4b6x9.9x2.6x
Sat, 21 Sep 2024NOK 264.4bNOK 99.8bNOK 26.4b6.9x10x2.6x
Mon, 19 Aug 2024NOK 249.1bNOK 99.9bNOK 25.8b6.2x9.6x2.5x
Wed, 17 Jul 2024NOK 245.2bNOK 100.1bNOK 24.0b6.5x10.2x2.4x
Fri, 14 Jun 2024NOK 241.1bNOK 100.1bNOK 24.0b6.9x10.1x2.4x
Sun, 12 May 2024NOK 391.8bNOK 121.5bNOK 22.4b8.4x17.5x3.2x
Tue, 09 Apr 2024NOK 387.5bNOK 121.1bNOK 10.4b4.6x37.3x3.2x
Thu, 07 Mar 2024NOK 367.0bNOK 120.8bNOK 10.5b21.1x35.1x3x
Sat, 03 Feb 2024NOK 387.3bNOK 145.5bNOK 2.9b29.3x134.9x2.7x
Mon, 01 Jan 2024NOK 383.9bNOK 145.1bNOK 3.2b39.4x119.5x2.6x
Wed, 29 Nov 2023NOK 375.8bNOK 146.0bNOK 2.4b37.3x155.2x2.6x
Fri, 27 Oct 2023NOK 342.1bNOK 145.1b-NOK 18,393,845,619.0024.9x-18.6x2.4x
Sun, 24 Sep 2023NOK 377.8bNOK 144.4b-NOK 17,721,421,354.0026.7x-21.3x2.6x
Tue, 22 Aug 2023NOK 308.5bNOK 143.9b-NOK 18,414,494,229.0093.7x-16.8x2.1x
Thu, 20 Jul 2023NOK 296.7bNOK 142.3b-NOK 19,954,988,511.00157.3x-14.9x2.1x
Sat, 17 Jun 2023NOK 309.1bNOK 142.7b-NOK 24,949,855,558.00167x-12.4x2.2x
Mon, 15 May 2023NOK 327.9bNOK 142.3b-NOK 24,431,419,495.00159.9x-13.4x2.3x
Wed, 12 Apr 2023NOK 320.8bNOK 141.2b-NOK 32,383,471,383.0049.3x-9.9x2.3x
Price to Earnings Ratio

-9.9x


Total Market Cap: NOK 320.8bTotal Earnings: -NOK 32,383,471,383.00Total Revenue: NOK 141.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 25.7x202420252026
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 25.7x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.3x.
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 Market3.12%
Telecom2.97%
Interactive Media and Services5.96%
Telecom Services and Carriers2.41%
Wireless Telecom0%0
Media-0.80%
Entertainment-5.43%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 464x.
    • 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 63% 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
TEL TelenorNOK 170.302.4%
+NOK 5.5b		16.6%PE21.2x
VEND Vend MarketplacesNOK 241.806.0%
+NOK 2.9b		-12.9%PS8.1x

Latest News

TEL
NOK 170.30
Telenor
7D
2.4%
1Y
16.6%
5PG
NOK 2.09
5th Planet Games
7D
-5.4%
1Y
128.7%
VEND
NOK 241.80
Vend Marketplaces
7D
6.0%
1Y
-12.9%
POL
NOK 60.50
Polaris Media
7D
-0.8%
1Y
-28.0%