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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies6
  • 7D5.2%
  • 3M7.4%
  • 1Y12.9%
  • YTD12.8%

The Telecom industry is up 5.2% in the last week, with Telenor up 7.1%. In the last 12 months, the industry was up 13%. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026NOK 296.2bNOK 86.5bNOK 10.2b51.5x28.9x3.4x
Tue, 06 Jan 2026NOK 261.3bNOK 92.7bNOK 11.6b41.8x22.5x2.8x
Thu, 04 Dec 2025NOK 258.2bNOK 92.7bNOK 11.6b43x22.2x2.8x
Sat, 01 Nov 2025NOK 282.7bNOK 92.7bNOK 11.7b38x24.1x3x
Mon, 29 Sep 2025NOK 300.9bNOK 92.5bNOK 17.5b25.6x17.2x3.3x
Wed, 27 Aug 2025NOK 312.3bNOK 92.5bNOK 17.5b22.3x17.8x3.4x
Fri, 25 Jul 2025NOK 305.5bNOK 92.5bNOK 18.1b11.9x16.9x3.3x
Sun, 22 Jun 2025NOK 288.9bNOK 92.2bNOK 12.4b22.6x23.2x3.1x
Tue, 20 May 2025NOK 292.8bNOK 92.2bNOK 12.5b13.9x23.4x3.2x
Thu, 17 Apr 2025NOK 277.9bNOK 91.9bNOK 24.0b8.5x11.6x3x
Sat, 15 Mar 2025NOK 273.1bNOK 91.9bNOK 24.7b8.3x11x3x
Mon, 10 Feb 2025NOK 268.4bNOK 92.3bNOK 15.0b11.5x17.9x2.9x
Wed, 08 Jan 2025NOK 258.7bNOK 100.0bNOK 30.6b5.6x8.4x2.6x
Fri, 06 Dec 2024NOK 264.9bNOK 100.0bNOK 30.6b5.7x8.6x2.6x
Sun, 03 Nov 2024NOK 276.6bNOK 100.0bNOK 30.6b6.2x9x2.8x
Tue, 01 Oct 2024NOK 265.1bNOK 99.8bNOK 26.4b7.2x10.1x2.7x
Thu, 29 Aug 2024NOK 251.3bNOK 99.8bNOK 26.4b6.8x9.5x2.5x
Sat, 27 Jul 2024NOK 248.9bNOK 99.9bNOK 25.8b6.4x9.6x2.5x
Mon, 24 Jun 2024NOK 244.1bNOK 100.1bNOK 24.0b7.1x10.2x2.4x
Wed, 22 May 2024NOK 395.0bNOK 121.3bNOK 22.4b8.4x17.7x3.3x
Fri, 19 Apr 2024NOK 380.8bNOK 121.4bNOK 10.4b4.2x36.7x3.1x
Sun, 17 Mar 2024NOK 374.0bNOK 121.0bNOK 10.4b20.2x35.8x3.1x
Tue, 13 Feb 2024NOK 369.3bNOK 120.1b-NOK 7,217,509,023.3622x-51.2x3.1x
Thu, 11 Jan 2024NOK 390.3bNOK 145.3bNOK 3.0b39.2x131.1x2.7x
Sat, 09 Dec 2023NOK 388.5bNOK 146.1bNOK 2.3b38x166.3x2.7x
Mon, 06 Nov 2023NOK 353.9bNOK 145.8bNOK 1.2b14.9x297.6x2.4x
Wed, 04 Oct 2023NOK 365.8bNOK 144.3b-NOK 17,593,757,875.0025.8x-20.8x2.5x
Fri, 01 Sep 2023NOK 320.3bNOK 144.0b-NOK 18,382,632,924.0025.7x-17.4x2.2x
Sun, 30 Jul 2023NOK 309.0bNOK 143.3b-NOK 17,897,589,840.00160.8x-17.3x2.2x
Tue, 27 Jun 2023NOK 303.0bNOK 143.0b-NOK 25,226,050,476.00163.8x-12x2.1x
Thu, 25 May 2023NOK 319.2bNOK 143.2b-NOK 25,429,085,176.00158.6x-12.6x2.2x
Sat, 22 Apr 2023NOK 331.5bNOK 141.3b-NOK 32,532,230,959.0049.8x-10.2x2.3x
Mon, 20 Mar 2023NOK 321.7bNOK 141.0b-NOK 31,962,877,312.0049.3x-10.1x2.3x
Wed, 15 Feb 2023NOK 332.9bNOK 139.6b-NOK 12,060,850,005.0016.5x-27.6x2.4x
Price to Earnings Ratio

-27.6x


Total Market Cap: NOK 332.9bTotal Earnings: -NOK 12,060,850,005.00Total Revenue: NOK 139.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 23.5x202420252026
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 28.9x which is higher than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 2.7x 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 Market2.65%
Telecom5.20%
Telecom Services and Carriers7.10%
Entertainment3.93%
Media1.62%
Wireless Telecom0%0
Interactive Media and Services-1.95%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 281x.
    • 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 64% 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
TEL TelenorNOK 173.507.1%
+NOK 15.7b		24.1%PE21.8x
POL Polaris MediaNOK 54.001.9%
+NOK 48.9m		-34.5%PE3299.1x
5PG 5th Planet GamesNOK 0.903.9%
+NOK 9.1m		-13.9%PE51.5x

Latest News

VEND
NOK 261.00
Vend Marketplaces
7D
-2.0%
1Y
-16.2%
TEL
NOK 173.50
Telenor
7D
7.1%
1Y
24.1%
5PG
NOK 0.90
5th Planet Games
7D
3.9%
1Y
-13.9%
POL
NOK 54.00
Polaris Media
7D
1.9%
1Y
-34.5%

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