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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.6%
  • 3M12.1%
  • 1Y8.3%
  • YTD10.5%

The Telecom is pretty flat in the last 7 days, but 5th Planet Games has stood out, gaining 49%. As for the the longer term, the industry is up 8.3% over the past 12 months. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026NOK 289.2bNOK 86.5bNOK 10.2b84.9x28.3x3.3x
Sun, 15 Feb 2026NOK 296.6bNOK 86.5bNOK 10.2b61.2x29x3.4x
Tue, 13 Jan 2026NOK 261.8bNOK 92.7bNOK 11.6b42.9x22.5x2.8x
Thu, 11 Dec 2025NOK 260.3bNOK 92.7bNOK 11.6b41x22.4x2.8x
Sat, 08 Nov 2025NOK 278.1bNOK 92.7bNOK 11.7b37.6x23.7x3x
Mon, 06 Oct 2025NOK 302.4bNOK 92.5bNOK 17.5b25.1x17.3x3.3x
Wed, 03 Sep 2025NOK 310.3bNOK 92.5bNOK 17.5b26.9x17.7x3.4x
Fri, 01 Aug 2025NOK 304.7bNOK 92.5bNOK 18.1b12.1x16.8x3.3x
Sun, 29 Jun 2025NOK 292.7bNOK 92.2bNOK 12.4b22.9x23.5x3.2x
Tue, 27 May 2025NOK 291.1bNOK 92.2bNOK 12.5b13.8x23.3x3.2x
Thu, 24 Apr 2025NOK 275.1bNOK 91.9bNOK 24.0b8.5x11.5x3x
Sat, 22 Mar 2025NOK 277.1bNOK 91.9bNOK 24.0b8.5x11.6x3x
Mon, 17 Feb 2025NOK 267.8bNOK 92.3bNOK 15.1b11.1x17.8x2.9x
Wed, 15 Jan 2025NOK 255.2bNOK 100.0bNOK 30.6b5.4x8.3x2.6x
Fri, 13 Dec 2024NOK 261.2bNOK 100.0bNOK 30.6b5.8x8.5x2.6x
Sun, 10 Nov 2024NOK 269.9bNOK 100.0bNOK 30.7b6.8x8.8x2.7x
Tue, 08 Oct 2024NOK 259.9bNOK 99.8bNOK 26.4b7x9.9x2.6x
Thu, 05 Sep 2024NOK 257.6bNOK 99.8bNOK 26.4b6.9x9.8x2.6x
Sat, 03 Aug 2024NOK 251.4bNOK 99.9bNOK 25.8b6.1x9.7x2.5x
Mon, 01 Jul 2024NOK 242.2bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Wed, 29 May 2024NOK 395.9bNOK 121.0bNOK 22.4b8.4x17.7x3.3x
Fri, 26 Apr 2024NOK 389.6bNOK 121.3bNOK 10.4b4.3x37.5x3.2x
Sun, 24 Mar 2024NOK 379.3bNOK 121.1bNOK 10.4b20x36.3x3.1x
Tue, 20 Feb 2024NOK 374.5bNOK 120.1b-NOK 7,214,740,387.6921x-51.9x3.1x
Thu, 18 Jan 2024NOK 395.1bNOK 145.5bNOK 2.8b38.3x139.6x2.7x
Sat, 16 Dec 2023NOK 392.1bNOK 145.4bNOK 2.9b39.3x135.2x2.7x
Mon, 13 Nov 2023NOK 363.7bNOK 145.8bNOK 1.1b15.1x340x2.5x
Wed, 11 Oct 2023NOK 370.2bNOK 144.4b-NOK 17,709,182,921.0026x-20.9x2.6x
Fri, 08 Sep 2023NOK 311.2bNOK 144.4b-NOK 17,739,874,865.0024.1x-17.5x2.2x
Sun, 06 Aug 2023NOK 305.7bNOK 143.2b-NOK 17,744,049,367.0091.2x-17.2x2.1x
Tue, 04 Jul 2023NOK 296.6bNOK 143.0b-NOK 25,173,723,716.00163.8x-11.8x2.1x
Thu, 01 Jun 2023NOK 317.3bNOK 143.4b-NOK 25,592,771,298.00159.3x-12.4x2.2x
Sat, 29 Apr 2023NOK 343.6bNOK 141.6b-NOK 32,750,813,992.0050.8x-10.5x2.4x
Mon, 27 Mar 2023NOK 323.3bNOK 140.7b-NOK 31,712,203,932.0049.8x-10.2x2.3x
Price to Earnings Ratio

-10.2x


Total Market Cap: NOK 323.3bTotal Earnings: -NOK 31,712,203,932.00Total Revenue: NOK 140.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 25.2x202420252026
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 28.3x which is higher than its 3-year average PE of 25.1x.
  • 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 Market3.73%
Telecom-0.62%
Entertainment49.27%
Media2.45%
Telecom Services and Carriers0%0
Wireless Telecom0%0
Interactive Media and Services-3.65%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 408x.
    • 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
5PG 5th Planet GamesNOK 1.3230.2%
+NOK 81.9m		32.8%PE78.3x

Latest News

5PG
NOK 1.32
5th Planet Games
7D
30.2%
1Y
32.8%
TEL
NOK 168.40
Telenor
7D
-1.6%
1Y
13.5%
VEND
NOK 244.20
Vend Marketplaces
7D
-7.5%
1Y
-14.2%
POL
NOK 61.00
Polaris Media
7D
-3.9%
1Y
-26.9%