Norwegian (OSEAX) Telecom Sector Analysis

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
Mon, 25 May 2026	NOK 264.9b	NOK 86.1b	NOK 12.9b	180.1x	20.6x	3.1x
Wed, 22 Apr 2026	NOK 281.1b	NOK 86.5b	NOK 10.3b	211.5x	27.3x	3.2x
Fri, 20 Mar 2026	NOK 285.4b	NOK 86.5b	NOK 10.2b	78.3x	27.9x	3.3x
Sun, 15 Feb 2026	NOK 296.6b	NOK 86.5b	NOK 10.2b	61.2x	29x	3.4x
Tue, 13 Jan 2026	NOK 261.8b	NOK 92.7b	NOK 11.6b	42.9x	22.5x	2.8x
Thu, 11 Dec 2025	NOK 260.3b	NOK 92.7b	NOK 11.6b	41x	22.4x	2.8x
Sat, 08 Nov 2025	NOK 278.1b	NOK 92.7b	NOK 11.7b	37.6x	23.7x	3x
Mon, 06 Oct 2025	NOK 302.4b	NOK 92.5b	NOK 17.5b	25.1x	17.3x	3.3x
Wed, 03 Sep 2025	NOK 310.3b	NOK 92.5b	NOK 17.5b	26.9x	17.7x	3.4x
Fri, 01 Aug 2025	NOK 304.7b	NOK 92.5b	NOK 18.1b	12.1x	16.8x	3.3x
Sun, 29 Jun 2025	NOK 292.7b	NOK 92.2b	NOK 12.4b	22.9x	23.5x	3.2x
Tue, 27 May 2025	NOK 291.1b	NOK 92.2b	NOK 12.5b	13.8x	23.3x	3.2x
Thu, 24 Apr 2025	NOK 275.1b	NOK 91.9b	NOK 24.0b	8.5x	11.5x	3x
Sat, 22 Mar 2025	NOK 277.1b	NOK 91.9b	NOK 24.0b	8.5x	11.6x	3x
Mon, 17 Feb 2025	NOK 267.8b	NOK 92.3b	NOK 15.1b	11.1x	17.8x	2.9x
Wed, 15 Jan 2025	NOK 255.2b	NOK 100.0b	NOK 30.6b	5.4x	8.3x	2.6x
Fri, 13 Dec 2024	NOK 261.2b	NOK 100.0b	NOK 30.6b	5.8x	8.5x	2.6x
Sun, 10 Nov 2024	NOK 269.9b	NOK 100.0b	NOK 30.7b	6.8x	8.8x	2.7x
Tue, 08 Oct 2024	NOK 259.9b	NOK 99.8b	NOK 26.4b	7x	9.9x	2.6x
Thu, 05 Sep 2024	NOK 257.6b	NOK 99.8b	NOK 26.4b	6.9x	9.8x	2.6x
Sat, 03 Aug 2024	NOK 251.4b	NOK 99.9b	NOK 25.8b	6.1x	9.7x	2.5x
Mon, 01 Jul 2024	NOK 242.2b	NOK 100.1b	NOK 24.0b	6.7x	10.1x	2.4x
Wed, 29 May 2024	NOK 395.9b	NOK 121.0b	NOK 22.4b	8.4x	17.7x	3.3x
Fri, 26 Apr 2024	NOK 389.6b	NOK 121.3b	NOK 10.4b	4.3x	37.5x	3.2x
Sun, 24 Mar 2024	NOK 379.3b	NOK 121.1b	NOK 10.4b	20x	36.3x	3.1x
Tue, 20 Feb 2024	NOK 374.5b	NOK 120.1b	-NOK 7,214,740,387.69	21x	-51.9x	3.1x
Thu, 18 Jan 2024	NOK 395.1b	NOK 145.5b	NOK 2.8b	38.3x	139.6x	2.7x
Sat, 16 Dec 2023	NOK 392.1b	NOK 145.4b	NOK 2.9b	39.3x	135.2x	2.7x
Mon, 13 Nov 2023	NOK 363.7b	NOK 145.8b	NOK 1.1b	15.1x	340x	2.5x
Wed, 11 Oct 2023	NOK 370.2b	NOK 144.4b	-NOK 17,709,182,921.00	26x	-20.9x	2.6x
Fri, 08 Sep 2023	NOK 311.2b	NOK 144.4b	-NOK 17,739,874,865.00	24.1x	-17.5x	2.2x
Sun, 06 Aug 2023	NOK 305.7b	NOK 143.2b	-NOK 17,744,049,367.00	91.2x	-17.2x	2.1x
Tue, 04 Jul 2023	NOK 296.6b	NOK 143.0b	-NOK 25,173,723,716.00	163.8x	-11.8x	2.1x
Thu, 01 Jun 2023	NOK 317.3b	NOK 143.4b	-NOK 25,592,771,298.00	159.3x	-12.4x	2.2x

Current Industry PE

Investors are pessimistic on the Norwegian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 20.6x which is lower than its 3-year average PE of 27.4x.

The industry is trading close to its 3-year average PS ratio of 2.8x.

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 Market	0.80%
Telecom	-2.90%
Interactive Media and Services	0.58%
Wireless Telecom	0%	0
Media	-3.16%
Telecom Services and Carriers	-3.69%
Entertainment	-8.61%

Industry PE

Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 507x.

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 101% over the next 5 years.

In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 6.7% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	VEND Vend Marketplaces	NOK 242.00	0.6% +NOK 294.5m	-26.4%	PS8x

Company

Last Price

Valuation

VEND Vend Marketplaces

NOK 242.00

0.6%
+NOK 294.5m

-26.4%

PS8x

Vend Marketplaces ASA (OB:VEND) commences an Equity Buyback Plan for 21,091,181 shares, representing 10% of its issued share capital, under the authorization approved on April 30, 2026.

Vend Marketplaces ASA (OB:VEND) commences share repurchases on May 4, 2026, under the program mandated by the shareholders in the Annual General Meeting held on April 30, 2026. As per the mandate, the company is authorized to repurchase up to 21,091,181 shares, representing 10% of the outstanding share capital. The minimum price that may be paid is NOK 30 per share and the maximum price that may be paid is NOK 1,000 per share. The repurchased shares may serve as settlement in the company's long term incentive schemes, employee share saving program and acquisitions and to improve the capital structure of the company. The repurchase program will be valid till the next Annual General Meeting in 2027, but not later than June 30, 2027. As of April 30, 2026, the company had 210,911,811 ordinary shares. On April 30, 2026, the company initiated a Market Repurchase. Under the program, the company will repurchase up to NOK 4,000 million worth of its shares in two tranches comprising of NOK 2,000 million each. Under the first tranche, the company has entered into a non-discretionary agreement with Skandinaviska Enskilda Banken AB to carry out repurchase up to NOK 2,000 million worth of its shares. Under the program, the minimum price that can be paid per share is NOK 50 and the maximum price is NOK 500. The first tranche will commence on May 4, 2026 and is planned to be finalised within October 30, 2026.

Norwegian (OSEAX) Telecom Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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Vend Marketplaces ASA (OB:VEND) commences an Equity Buyback Plan for 21,091,181 shares, representing 10% of its issued share capital, under the authorization approved on April 30, 2026.