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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedAug 19, 2025
DataAggregated Company Financials
Companies5
  • 7D1.9%
  • 3M7.8%
  • 1Y28.4%
  • YTD23.6%

Over the last 7 days, the Telecom industry has risen 1.9%, driven by gains from Telenor of 2.8%. In the last 12 months, the industry was up 28%. In the next few years, earnings are forecast to decline by 8.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Aug 2025NOK 313.5bNOK 92.5bNOK 18.1b11.9x17.3x3.4x
Thu, 17 Jul 2025NOK 298.1bNOK 92.2bNOK 12.4b23.3x24x3.2x
Sat, 14 Jun 2025NOK 291.0bNOK 92.2bNOK 12.4b22.5x23.4x3.2x
Mon, 12 May 2025NOK 288.9bNOK 92.2bNOK 12.5b14.9x23.1x3.1x
Wed, 09 Apr 2025NOK 261.1bNOK 91.9bNOK 24.0b8.2x10.9x2.8x
Fri, 07 Mar 2025NOK 266.2bNOK 91.9bNOK 24.7b8.1x10.8x2.9x
Sun, 02 Feb 2025NOK 269.3bNOK 100.0bNOK 30.6b5.3x8.8x2.7x
Tue, 31 Dec 2024NOK 257.2bNOK 100.0bNOK 30.6b5.5x8.4x2.6x
Thu, 28 Nov 2024NOK 265.9bNOK 100.0bNOK 30.6b5.6x8.7x2.7x
Sat, 26 Oct 2024NOK 264.3bNOK 98.6bNOK 17.0b7.5x15.6x2.7x
Mon, 23 Sep 2024NOK 264.4bNOK 99.8bNOK 26.4b6.9x10x2.6x
Wed, 21 Aug 2024NOK 249.6bNOK 99.9bNOK 25.8b6.1x9.7x2.5x
Fri, 19 Jul 2024NOK 245.5bNOK 100.1bNOK 24.0b6.5x10.2x2.5x
Sun, 16 Jun 2024NOK 238.7bNOK 100.1bNOK 24.0b6.8x9.9x2.4x
Tue, 14 May 2024NOK 391.5bNOK 121.4bNOK 22.4b8.3x17.5x3.2x
Thu, 11 Apr 2024NOK 382.8bNOK 121.1bNOK 10.4b4.4x36.8x3.2x
Sat, 09 Mar 2024NOK 368.5bNOK 120.7bNOK 10.5b21x35.2x3.1x
Mon, 05 Feb 2024NOK 387.3bNOK 145.5bNOK 2.9b29.3x134.9x2.7x
Wed, 03 Jan 2024NOK 384.6bNOK 145.3bNOK 3.1b39.3x125.8x2.6x
Fri, 01 Dec 2023NOK 376.7bNOK 146.1bNOK 2.3b37.7x164x2.6x
Sun, 29 Oct 2023NOK 343.9bNOK 145.8bNOK 1.3b14.6x274.7x2.4x
Tue, 26 Sep 2023NOK 371.9bNOK 144.4b-NOK 17,676,143,681.0026.6x-21x2.6x
Thu, 24 Aug 2023NOK 312.3bNOK 143.9b-NOK 18,385,827,566.0091.9x-17x2.2x
Sat, 22 Jul 2023NOK 304.5bNOK 143.2b-NOK 17,855,643,875.00154.8x-17.1x2.1x
Mon, 19 Jun 2023NOK 309.1bNOK 142.7b-NOK 24,958,256,852.00167x-12.4x2.2x
Wed, 17 May 2023NOK 326.1bNOK 142.4b-NOK 24,508,334,899.00158.6x-13.3x2.3x
Fri, 14 Apr 2023NOK 327.9bNOK 140.9b-NOK 32,128,343,072.0050.3x-10.2x2.3x
Sun, 12 Mar 2023NOK 318.5bNOK 140.8b-NOK 31,762,841,574.0053.4x-10x2.3x
Tue, 07 Feb 2023NOK 329.4bNOK 139.9b-NOK 32,387,040,912.0017.4x-10.2x2.4x
Thu, 05 Jan 2023NOK 273.9bNOK 151.8b-NOK 34,333,426,377.0018.1x-8x1.8x
Sat, 03 Dec 2022NOK 273.7bNOK 151.1b-NOK 34,381,070,205.0017.8x-8x1.8x
Mon, 31 Oct 2022NOK 264.5bNOK 150.7b-NOK 33,842,343,048.0016.9x-7.8x1.8x
Wed, 28 Sep 2022NOK 274.0bNOK 149.8b-NOK 29,482,276,185.0018x-9.3x1.8x
Fri, 26 Aug 2022NOK 301.8bNOK 144.0b-NOK 28,892,486,413.0020.4x-10.4x2.1x
Price to Earnings Ratio

-10.4x


Total Market Cap: NOK 301.8bTotal Earnings: -NOK 28,892,486,413.00Total Revenue: NOK 144.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 18.8x202320242025
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 18.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.4x.
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 Market0.68%
Telecom1.85%
Telecom Services and Carriers2.85%
Entertainment2.84%
Interactive Media and Services0%0
Wireless Telecom0%0
Media-4.71%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 15.8x.
    • Analysts are expecting annual earnings growth of 9.2%, which is lower than the prior year's growth of 12.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 9.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 12% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 9.2% 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 166.002.9%
+NOK 6.4b		29.2%PE22.2x
5PG 5th Planet GamesNOK 0.814.7%
+NOK 9.7m		-36.7%PS13.3x

Latest News

TEL
NOK 166.00
Telenor
7D
2.9%
1Y
29.2%

Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.60

Aug 14
Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.60
POL
NOK 60.00
Polaris Media
7D
-3.2%
1Y
-20.0%
5PG
NOK 0.81
5th Planet Games
7D
4.7%
1Y
-36.7%