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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.6%
  • 3M-9.5%
  • 1Y-24.4%
  • YTD-9.4%

The Telecom industry has been flat over the last week, but Vend Marketplaces has lost 5.1%. As for the longer term, the industry has declined 24% in the last 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026NOK 233.9bNOK 85.1bNOK 7.6b154.1x30.6x2.7x
Mon, 10 Aug 2026NOK 238.2bNOK 85.1bNOK 7.7b158.1x31.1x2.8x
Wed, 08 Jul 2026NOK 252.6bNOK 86.1bNOK 12.9b154.8x19.6x2.9x
Fri, 05 Jun 2026NOK 261.6bNOK 86.1bNOK 12.9b166.7x20.3x3x
Sun, 03 May 2026NOK 265.7bNOK 86.1bNOK 12.9b189.3x20.6x3.1x
Tue, 31 Mar 2026NOK 282.5bNOK 86.5bNOK 10.3b121.8x27.4x3.3x
Thu, 26 Feb 2026NOK 287.0bNOK 86.5bNOK 10.2b57.5x28x3.3x
Sat, 24 Jan 2026NOK 276.9bNOK 92.7bNOK 11.6b44.9x23.8x3x
Mon, 22 Dec 2025NOK 256.8bNOK 92.7bNOK 11.6b41.9x22.1x2.8x
Wed, 19 Nov 2025NOK 264.4bNOK 92.7bNOK 11.6b62.2x22.8x2.9x
Fri, 17 Oct 2025NOK 302.5bNOK 92.5bNOK 17.5b24.3x17.3x3.3x
Sun, 14 Sep 2025NOK 315.6bNOK 92.5bNOK 17.5b27.1x18x3.4x
Tue, 12 Aug 2025NOK 308.2bNOK 92.5bNOK 18.1b12x17x3.3x
Thu, 10 Jul 2025NOK 294.7bNOK 92.2bNOK 12.4b23x23.7x3.2x
Sat, 07 Jun 2025NOK 293.6bNOK 92.2bNOK 12.5b13.6x23.5x3.2x
Mon, 05 May 2025NOK 289.7bNOK 91.9bNOK 24.0b8.9x12.1x3.2x
Wed, 02 Apr 2025NOK 275.7bNOK 91.9bNOK 24.0b8.6x11.5x3x
Fri, 28 Feb 2025NOK 272.3bNOK 91.9bNOK 24.7b8.2x11x3x
Sun, 26 Jan 2025NOK 262.0bNOK 100.0bNOK 30.6b5.5x8.6x2.6x
Tue, 24 Dec 2024NOK 254.3bNOK 100.0bNOK 30.6b5.5x8.3x2.5x
Thu, 21 Nov 2024NOK 263.6bNOK 100.0bNOK 30.7b7.1x8.6x2.6x
Sat, 19 Oct 2024NOK 261.8bNOK 99.8bNOK 26.4b6.2x9.9x2.6x
Mon, 16 Sep 2024NOK 261.1bNOK 99.8bNOK 26.4b7x9.9x2.6x
Wed, 14 Aug 2024NOK 248.7bNOK 99.9bNOK 25.8b6.1x9.6x2.5x
Fri, 12 Jul 2024NOK 245.4bNOK 100.1bNOK 24.0b6.8x10.2x2.5x
Sun, 09 Jun 2024NOK 247.6bNOK 100.1bNOK 24.0b7.1x10.3x2.5x
Tue, 07 May 2024NOK 397.8bNOK 121.5bNOK 22.3b8.4x17.8x3.3x
Thu, 04 Apr 2024NOK 388.8bNOK 121.1bNOK 10.4b4.6x37.5x3.2x
Sat, 02 Mar 2024NOK 370.3bNOK 120.7bNOK 10.5b21.6x35.4x3.1x
Mon, 29 Jan 2024NOK 398.8bNOK 145.3bNOK 3.1b36.8x128x2.7x
Wed, 27 Dec 2023NOK 384.1bNOK 145.1bNOK 3.2b39.3x121x2.6x
Fri, 24 Nov 2023NOK 369.0bNOK 146.1bNOK 2.4b15x156.8x2.5x
Sun, 22 Oct 2023NOK 358.5bNOK 144.9b-NOK 18,184,554,235.0025.1x-19.7x2.5x
Tue, 19 Sep 2023NOK 329.6bNOK 144.6b-NOK 17,901,000,623.0026.2x-18.4x2.3x
Price to Earnings Ratio

-18.4x


Total Market Cap: NOK 329.6bTotal Earnings: -NOK 17,901,000,623.00Total Revenue: NOK 144.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 31.4x202420252026
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 31.4x.
  • 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 Market0.77%
Telecom-0.61%
Media1.22%
Telecom Services and Carriers0.60%
Entertainment0%0
Wireless Telecom0%0
Interactive Media and Services-5.10%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 538x.
    • 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 5.7% 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 133.800.6%
+NOK 1.1b		-21.5%PE11.4x
POL Polaris MediaNOK 62.401.3%
+NOK 39.2m		4.9%PE296.8x

Latest News

TEL
NOK 133.80
Telenor
7D
0.6%
1Y
-21.5%
Narrative Update • Sep 10

TEL: Execution Discipline And Capital Returns Will Support Future Upside Potential

The analyst fair value estimate for Telenor has been adjusted from NOK 160.95 to NOK 157.30 as analysts respond to a series of reduced price targets and more cautious views on return on invested capital growth and gearing. Analyst Commentary Recent research on Telenor shows a split view.
VEND
NOK 238.00
Vend Marketplaces
7D
-5.1%
1Y
-35.0%
POL
NOK 62.40
Polaris Media
7D
1.3%
1Y
4.9%