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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies6
  • 7D0.4%
  • 3M-13.2%
  • 1Y4.8%
  • YTD-0.2%

Over the last 7 days, the Telecom industry has remained flat, although notably Polaris Media declined by 5.4%. As for the the longer term, the industry is up 4.8% over the past 12 months. Earnings are forecast to grow by 7.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026NOK 262.3bNOK 92.7bNOK 11.6b42.5x22.6x2.8x
Sat, 13 Dec 2025NOK 262.7bNOK 92.7bNOK 11.6b43.2x22.6x2.8x
Mon, 10 Nov 2025NOK 276.7bNOK 92.7bNOK 11.6b62.8x23.8x3x
Wed, 08 Oct 2025NOK 302.2bNOK 92.5bNOK 17.5b25.3x17.2x3.3x
Fri, 05 Sep 2025NOK 313.1bNOK 92.5bNOK 17.5b27.1x17.9x3.4x
Sun, 03 Aug 2025NOK 307.2bNOK 92.5bNOK 18.1b11.9x17x3.3x
Tue, 01 Jul 2025NOK 295.5bNOK 92.2bNOK 12.4b23.1x23.8x3.2x
Thu, 29 May 2025NOK 289.5bNOK 92.2bNOK 12.5b13.7x23.2x3.1x
Sat, 26 Apr 2025NOK 277.7bNOK 91.9bNOK 24.0b8.6x11.6x3x
Mon, 24 Mar 2025NOK 277.1bNOK 91.9bNOK 24.0b8.5x11.6x3x
Wed, 19 Feb 2025NOK 267.4bNOK 92.3bNOK 15.1b11.1x17.7x2.9x
Fri, 17 Jan 2025NOK 257.1bNOK 100.0bNOK 30.6b5.5x8.4x2.6x
Sun, 15 Dec 2024NOK 262.6bNOK 100.0bNOK 30.6b5.8x8.6x2.6x
Tue, 12 Nov 2024NOK 267.9bNOK 100.0bNOK 30.7b6.9x8.7x2.7x
Thu, 10 Oct 2024NOK 263.9bNOK 99.8bNOK 26.4b7.2x10x2.6x
Sat, 07 Sep 2024NOK 260.6bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Mon, 05 Aug 2024NOK 251.4bNOK 99.9bNOK 25.8b6.1x9.7x2.5x
Wed, 03 Jul 2024NOK 243.4bNOK 100.1bNOK 24.0b6.6x10.1x2.4x
Fri, 31 May 2024NOK 383.0bNOK 121.5bNOK 22.1b7.2x17.3x3.2x
Sun, 28 Apr 2024NOK 390.4bNOK 121.4bNOK 10.0b4.4x39x3.2x
Tue, 26 Mar 2024NOK 378.1bNOK 121.1bNOK 10.4b20.1x36.2x3.1x
Thu, 22 Feb 2024NOK 372.3bNOK 120.2b-NOK 7,302,365,493.0320.8x-51x3.1x
Sat, 20 Jan 2024NOK 398.5bNOK 145.5bNOK 2.9b38x139.8x2.7x
Mon, 18 Dec 2023NOK 392.1bNOK 145.4bNOK 2.9b39.3x135.2x2.7x
Wed, 15 Nov 2023NOK 363.8bNOK 145.8bNOK 1.1b15.3x322.1x2.5x
Fri, 13 Oct 2023NOK 372.4bNOK 144.6b-NOK 17,898,496,037.0026.2x-20.8x2.6x
Sun, 10 Sep 2023NOK 311.8bNOK 144.4b-NOK 17,684,434,863.0024.2x-17.6x2.2x
Tue, 08 Aug 2023NOK 304.0bNOK 143.2b-NOK 17,782,719,674.0091.9x-17.1x2.1x
Thu, 06 Jul 2023NOK 295.2bNOK 142.8b-NOK 25,037,192,792.00163.8x-11.8x2.1x
Sat, 03 Jun 2023NOK 320.4bNOK 143.3b-NOK 25,448,545,819.00167x-12.6x2.2x
Mon, 01 May 2023NOK 343.6bNOK 141.7b-NOK 17,121,270,820.0050.8x-20.1x2.4x
Wed, 29 Mar 2023NOK 311.5bNOK 140.6b-NOK 31,622,251,310.0048.4x-9.9x2.2x
Fri, 24 Feb 2023NOK 323.3bNOK 139.7b-NOK 12,030,471,845.00113.7x-26.9x2.3x
Sun, 22 Jan 2023NOK 304.9bNOK 151.9b-NOK 34,330,020,750.0017.1x-8.9x2x
Price to Earnings Ratio

-8.9x


Total Market Cap: NOK 304.9bTotal Earnings: -NOK 34,330,020,750.00Total Revenue: NOK 151.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 22.8x202420252026
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 22.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
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 Market2.73%
Telecom0.41%
Interactive Media and Services1.84%
Entertainment0.78%
Telecom Services and Carriers0.069%
Wireless Telecom0%0
Media-6.55%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 206x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 9.1% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% per year.
  • In contrast, the Interactive Media and Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VEND Vend MarketplacesNOK 287.201.8%
+NOK 1.1b		-9.7%PE41.6x
TEL TelenorNOK 144.400.07%
+NOK 136.7m		11.5%PE19.5x
5PG 5th Planet GamesNOK 0.780.8%
+NOK 1.6m		-36.7%PE43.4x

Latest News

5PG
NOK 0.78
5th Planet Games
7D
0.8%
1Y
-36.7%
POL
NOK 53.00
Polaris Media
7D
-5.4%
1Y
-36.9%

These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well

Dec 19
These 4 Measures Indicate That Polaris Media (OB:POL) Is Using Debt Reasonably Well
VEND
NOK 287.20
Vend Marketplaces
7D
1.8%
1Y
-9.7%
TEL
NOK 144.40
Telenor
7D
0.07%
1Y
11.5%