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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies6
  • 7D2.5%
  • 3M-11.0%
  • 1Y-22.4%
  • YTD-9.5%

In the last week, the Telecom industry is up 2.5%, with Telenor leading the way, up 1.7%. In contrast, the industry has lost 22% in the last 12 months. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Aug 2026NOK 235.5bNOK 85.1bNOK 7.7b160.1x30.7x2.8x
Tue, 30 Jun 2026NOK 248.5bNOK 86.1bNOK 12.9b154.4x19.3x2.9x
Thu, 28 May 2026NOK 262.7bNOK 86.1bNOK 12.9b177.4x20.4x3.1x
Sat, 25 Apr 2026NOK 277.6bNOK 86.3bNOK 10.3b209x27x3.2x
Mon, 23 Mar 2026NOK 281.4bNOK 86.5bNOK 10.2b96.1x27.5x3.3x
Wed, 18 Feb 2026NOK 292.5bNOK 86.5bNOK 10.2b59.8x28.6x3.4x
Fri, 16 Jan 2026NOK 261.2bNOK 92.7bNOK 11.6b42.3x22.5x2.8x
Sun, 14 Dec 2025NOK 262.7bNOK 92.7bNOK 11.6b43.2x22.6x2.8x
Tue, 11 Nov 2025NOK 277.6bNOK 92.7bNOK 11.6b63.5x23.9x3x
Thu, 09 Oct 2025NOK 299.2bNOK 92.5bNOK 17.5b25x17.1x3.2x
Sat, 06 Sep 2025NOK 311.0bNOK 92.5bNOK 17.5b27.1x17.8x3.4x
Mon, 04 Aug 2025NOK 307.2bNOK 92.5bNOK 18.1b11.9x17x3.3x
Wed, 02 Jul 2025NOK 295.5bNOK 92.2bNOK 12.4b23.1x23.8x3.2x
Fri, 30 May 2025NOK 289.5bNOK 92.2bNOK 12.5b13.7x23.2x3.1x
Sun, 27 Apr 2025NOK 277.7bNOK 91.9bNOK 24.0b8.6x11.6x3x
Tue, 25 Mar 2025NOK 275.7bNOK 91.9bNOK 24.0b8.4x11.5x3x
Thu, 20 Feb 2025NOK 267.4bNOK 92.3bNOK 15.1b11.1x17.7x2.9x
Sat, 18 Jan 2025NOK 260.0bNOK 100.0bNOK 30.6b5.4x8.5x2.6x
Mon, 16 Dec 2024NOK 262.6bNOK 100.0bNOK 30.6b5.8x8.6x2.6x
Wed, 13 Nov 2024NOK 272.7bNOK 100.0bNOK 30.7b6.6x8.9x2.7x
Fri, 11 Oct 2024NOK 262.3bNOK 99.8bNOK 26.4b7.2x9.9x2.6x
Sun, 08 Sep 2024NOK 260.6bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Tue, 06 Aug 2024NOK 241.0bNOK 99.9bNOK 25.8b5.9x9.3x2.4x
Thu, 04 Jul 2024NOK 242.4bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Sat, 01 Jun 2024NOK 381.2bNOK 121.4bNOK 22.1b7.2x17.2x3.1x
Mon, 29 Apr 2024NOK 390.4bNOK 121.4bNOK 10.0b4.4x39x3.2x
Wed, 27 Mar 2024NOK 380.8bNOK 121.2bNOK 10.4b20x36.5x3.1x
Fri, 23 Feb 2024NOK 373.6bNOK 120.2b-NOK 7,335,321,296.1121.4x-50.9x3.1x
Sun, 21 Jan 2024NOK 398.5bNOK 145.5bNOK 2.9b38x139.8x2.7x
Tue, 19 Dec 2023NOK 392.1bNOK 145.4bNOK 3.0b38.9x132.3x2.7x
Thu, 16 Nov 2023NOK 360.2bNOK 145.5bNOK 1.4b15.1x265.8x2.5x
Sat, 14 Oct 2023NOK 373.5bNOK 144.5b-NOK 17,808,319,033.0026.3x-21x2.6x
Mon, 11 Sep 2023NOK 311.8bNOK 144.4b-NOK 17,684,434,863.0024.2x-17.6x2.2x
Wed, 09 Aug 2023NOK 305.3bNOK 143.4b-NOK 17,964,830,188.0091.9x-17x2.1x
Price to Earnings Ratio

-17x


Total Market Cap: NOK 305.3bTotal Earnings: -NOK 17,964,830,188.00Total Revenue: NOK 143.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 29.6x202420252026
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 29.6x.
  • 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 Market0.36%
Telecom2.53%
Interactive Media and Services6.22%
Entertainment5.30%
Telecom Services and Carriers1.67%
Wireless Telecom0%0
Media-4.12%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 526x.
    • 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 5.8% 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 133.801.7%
+NOK 3.0b		-16.9%PE11.4x
VEND Vend MarketplacesNOK 239.006.2%
+NOK 2.9b		-38.2%PS7.8x
5PG 5th Planet GamesNOK 1.395.3%
+NOK 18.8m		77.3%PE160.1x

Latest News

TEL
NOK 133.80
Telenor
7D
1.7%
1Y
-16.9%
Analysis Article • Jul 24

Impressive Earnings May Not Tell The Whole Story For Telenor (OB:TEL)

Last week's profit announcement from Telenor ASA ( OB:TEL ) was underwhelming for investors, despite headline numbers...
VEND
NOK 239.00
Vend Marketplaces
7D
6.2%
1Y
-38.2%
5PG
NOK 1.39
5th Planet Games
7D
5.3%
1Y
77.3%
POL
NOK 57.40
Polaris Media
7D
-4.3%
1Y
-5.9%
Analysis Article • May 20

Investors Can Find Comfort In Polaris Media's (OB:POL) Earnings Quality

Soft earnings didn't appear to concern Polaris Media ASA's ( OB:POL ) shareholders over the last week. We think that...