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Norwegian (OSEAX) Telecom Sector Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies6
- 7D1.2%
- 3M14.2%
- 1Y9.9%
- YTD12.5%
In the last week, the Telecom industry is up 1.2%, with Vend Marketplaces up 2.2%. This means that the industry has gained 9.9% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 04 Mar 2026 | NOK 295.2b | NOK 86.5b | NOK 10.2b | 54.2x | 28.8x | 3.4x |
| Fri, 30 Jan 2026 | NOK 280.7b | NOK 92.7b | NOK 11.6b | 44x | 24.2x | 3x |
| Sun, 28 Dec 2025 | NOK 257.2b | NOK 92.7b | NOK 11.6b | 41.9x | 22.1x | 2.8x |
| Tue, 25 Nov 2025 | NOK 267.7b | NOK 92.7b | NOK 11.6b | 40x | 23x | 2.9x |
| Thu, 23 Oct 2025 | NOK 296.2b | NOK 92.5b | NOK 17.5b | 23.8x | 16.9x | 3.2x |
| Sat, 20 Sep 2025 | NOK 304.8b | NOK 92.5b | NOK 17.5b | 26.8x | 17.4x | 3.3x |
| Mon, 18 Aug 2025 | NOK 313.8b | NOK 92.5b | NOK 18.1b | 12.1x | 17.3x | 3.4x |
| Wed, 16 Jul 2025 | NOK 297.6b | NOK 92.2b | NOK 12.4b | 23.2x | 23.9x | 3.2x |
| Fri, 13 Jun 2025 | NOK 292.8b | NOK 92.2b | NOK 12.4b | 22.6x | 23.6x | 3.2x |
| Sun, 11 May 2025 | NOK 288.9b | NOK 92.2b | NOK 12.5b | 14.9x | 23.1x | 3.1x |
| Tue, 08 Apr 2025 | NOK 258.7b | NOK 91.9b | NOK 24.0b | 8.1x | 10.8x | 2.8x |
| Thu, 06 Mar 2025 | NOK 268.8b | NOK 91.9b | NOK 24.7b | 8.2x | 10.9x | 2.9x |
| Sat, 01 Feb 2025 | NOK 269.3b | NOK 100.0b | NOK 30.6b | 5.3x | 8.8x | 2.7x |
| Mon, 30 Dec 2024 | NOK 257.8b | NOK 100.0b | NOK 30.6b | 5.8x | 8.4x | 2.6x |
| Wed, 27 Nov 2024 | NOK 263.7b | NOK 100.0b | NOK 30.6b | 5.7x | 8.6x | 2.6x |
| Fri, 25 Oct 2024 | NOK 259.4b | NOK 99.8b | NOK 26.4b | 6.2x | 9.8x | 2.6x |
| Sun, 22 Sep 2024 | NOK 264.4b | NOK 99.8b | NOK 26.4b | 6.9x | 10x | 2.6x |
| Tue, 20 Aug 2024 | NOK 250.9b | NOK 99.9b | NOK 25.8b | 6.2x | 9.7x | 2.5x |
| Thu, 18 Jul 2024 | NOK 245.2b | NOK 100.1b | NOK 24.0b | 6.4x | 10.2x | 2.4x |
| Sat, 15 Jun 2024 | NOK 238.7b | NOK 100.1b | NOK 24.0b | 6.8x | 9.9x | 2.4x |
| Mon, 13 May 2024 | NOK 391.8b | NOK 121.5b | NOK 22.4b | 8.4x | 17.5x | 3.2x |
| Wed, 10 Apr 2024 | NOK 385.2b | NOK 121.0b | NOK 10.4b | 4.5x | 37x | 3.2x |
| Fri, 08 Mar 2024 | NOK 368.3b | NOK 120.7b | NOK 10.5b | 21x | 35.2x | 3.1x |
| Sun, 04 Feb 2024 | NOK 387.3b | NOK 145.5b | NOK 2.9b | 29.3x | 134.9x | 2.7x |
| Tue, 02 Jan 2024 | NOK 383.9b | NOK 145.1b | NOK 3.2b | 39.4x | 119.5x | 2.6x |
| Thu, 30 Nov 2023 | NOK 375.2b | NOK 146.0b | NOK 2.4b | 37x | 156.3x | 2.6x |
| Sat, 28 Oct 2023 | NOK 343.9b | NOK 145.8b | NOK 1.3b | 14.6x | 274.7x | 2.4x |
| Mon, 25 Sep 2023 | NOK 377.8b | NOK 144.4b | -NOK 17,721,421,354.00 | 26.7x | -21.3x | 2.6x |
| Wed, 23 Aug 2023 | NOK 308.7b | NOK 143.9b | -NOK 18,404,831,635.00 | 95.2x | -16.8x | 2.1x |
| Fri, 21 Jul 2023 | NOK 304.0b | NOK 134.5b | -NOK 18,782,050,355.00 | 160.5x | -16.2x | 2.3x |
| Sun, 18 Jun 2023 | NOK 309.1b | NOK 142.7b | -NOK 24,949,855,558.00 | 167x | -12.4x | 2.2x |
| Tue, 16 May 2023 | NOK 326.2b | NOK 142.2b | -NOK 24,324,154,800.00 | 159.3x | -13.4x | 2.3x |
| Thu, 13 Apr 2023 | NOK 325.1b | NOK 141.1b | -NOK 32,286,651,270.00 | 50.8x | -10.1x | 2.3x |
| Sat, 11 Mar 2023 | NOK 318.5b | NOK 140.8b | -NOK 31,756,818,703.00 | 53.4x | -10x | 2.3x |
Price to Earnings Ratio
-10x
Current Industry PE
- Investors are optimistic on the Norwegian Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.8x which is higher than its 3-year average PE of 24.6x.
- The 3-year average PS ratio of 2.8x 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 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 Market | 0.60% | |
| Telecom | 1.17% | |
| Media | 3.29% | |
| Telecom Services and Carriers | 1.21% | |
| Interactive Media and Services | 0.93% | |
| Wireless Telecom | 0% | 0 |
| Entertainment | -11.00% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 356x.
- 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 61% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VEND Vend Marketplaces | NOK 237.20 | 2.2% +NOK 941.9m | -19.0% | PS8x | |
| POL Polaris Media | NOK 57.50 | 1.8% +NOK 48.9m | -32.0% | PE3512.9x | |
| MENTOR Mentor Medier | NOK 15.00 | 25.0% +NOK 17.3m | 33.3% | n/a |