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Norwegian (OSEAX) Telecom Sector Analysis

UpdatedAug 31, 2026
DataAggregated Company Financials
Companies6
  • 7D2.4%
  • 3M-6.4%
  • 1Y-20.9%
  • YTD-6.2%

In the last week, the Telecom industry is up 2.2%, with Telenor up 1.9%. In the same time, 5th Planet Games was down 12%. In contrast, the industry has lost 21% in the last 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 31 Aug 2026NOK 242.2bNOK 85.1bNOK 7.6b151.8x31.7x2.8x
Wed, 29 Jul 2026NOK 237.1bNOK 85.1bNOK 7.7b156.9x30.9x2.8x
Fri, 26 Jun 2026NOK 249.6bNOK 86.1bNOK 12.9b157.2x19.4x2.9x
Sun, 24 May 2026NOK 264.9bNOK 86.1bNOK 12.9b180.1x20.6x3.1x
Tue, 21 Apr 2026NOK 281.3bNOK 86.5bNOK 10.3b212.2x27.3x3.3x
Thu, 19 Mar 2026NOK 289.2bNOK 86.5bNOK 10.2b84.9x28.3x3.3x
Sat, 14 Feb 2026NOK 296.6bNOK 86.5bNOK 10.2b61.1x29x3.4x
Mon, 12 Jan 2026NOK 262.7bNOK 92.7bNOK 11.6b42.4x22.6x2.8x
Wed, 10 Dec 2025NOK 262.0bNOK 92.7bNOK 11.6b41.5x22.5x2.8x
Fri, 07 Nov 2025NOK 281.9bNOK 92.7bNOK 11.7b38.7x24.1x3x
Sun, 05 Oct 2025NOK 302.4bNOK 92.5bNOK 17.5b25.1x17.3x3.3x
Tue, 02 Sep 2025NOK 312.3bNOK 92.5bNOK 17.5b27.1x17.8x3.4x
Thu, 31 Jul 2025NOK 302.3bNOK 92.5bNOK 18.1b11.8x16.7x3.3x
Sat, 28 Jun 2025NOK 292.7bNOK 92.2bNOK 12.4b22.9x23.5x3.2x
Mon, 26 May 2025NOK 290.4bNOK 92.2bNOK 12.5b13.6x23.2x3.1x
Wed, 23 Apr 2025NOK 278.4bNOK 91.9bNOK 24.0b8.6x11.6x3x
Fri, 21 Mar 2025NOK 273.3bNOK 91.9bNOK 24.7b8.3x11x3x
Sun, 16 Feb 2025NOK 267.8bNOK 92.3bNOK 15.1b11.1x17.8x2.9x
Tue, 14 Jan 2025NOK 255.1bNOK 100.0bNOK 30.6b5.4x8.3x2.6x
Thu, 12 Dec 2024NOK 259.2bNOK 100.0bNOK 30.6b5.7x8.5x2.6x
Sat, 09 Nov 2024NOK 269.9bNOK 100.0bNOK 30.7b6.8x8.8x2.7x
Mon, 07 Oct 2024NOK 260.0bNOK 99.8bNOK 26.4b7.1x9.9x2.6x
Wed, 04 Sep 2024NOK 255.6bNOK 99.8bNOK 26.4b6.9x9.7x2.6x
Fri, 02 Aug 2024NOK 252.8bNOK 99.9bNOK 25.8b6.4x9.8x2.5x
Sun, 30 Jun 2024NOK 242.2bNOK 100.1bNOK 24.0b6.7x10.1x2.4x
Tue, 28 May 2024NOK 394.4bNOK 120.9bNOK 22.4b8.4x17.6x3.3x
Thu, 25 Apr 2024NOK 391.3bNOK 121.3bNOK 10.4b4.4x37.7x3.2x
Sat, 23 Mar 2024NOK 379.2bNOK 121.1bNOK 10.4b20x36.3x3.1x
Mon, 19 Feb 2024NOK 373.4bNOK 120.1b-NOK 7,248,977,112.5820.9x-51.5x3.1x
Wed, 17 Jan 2024NOK 395.5bNOK 145.4bNOK 2.9b40.1x135.3x2.7x
Fri, 15 Dec 2023NOK 394.0bNOK 145.6bNOK 2.7b38x145.5x2.7x
Sun, 12 Nov 2023NOK 363.7bNOK 145.8bNOK 1.1b15.1x340x2.5x
Tue, 10 Oct 2023NOK 373.0bNOK 144.3b-NOK 17,617,294,085.0026.4x-21.2x2.6x
Thu, 07 Sep 2023NOK 311.4bNOK 144.5b-NOK 17,811,096,722.0024.4x-17.5x2.2x
Price to Earnings Ratio

-17.5x


Total Market Cap: NOK 311.4bTotal Earnings: -NOK 17,811,096,722.00Total Revenue: NOK 144.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Telecom Sector Price to Earnings3Y Average 30.9x202420252026
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 30.9x.
  • 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 Market-0.034%
Telecom2.43%
Media4.06%
Interactive Media and Services3.10%
Telecom Services and Carriers2.24%
Wireless Telecom0%0
Entertainment-11.69%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 535x.
    • 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 5.5% 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 136.702.2%
+NOK 4.1b		-18.5%PE11.6x
VEND Vend MarketplacesNOK 259.602.7%
+NOK 1.4b		-29.2%PS8.2x
POL Polaris MediaNOK 61.402.3%
+NOK 68.6m		2.3%PE292x
MENTOR Mentor MedierNOK 39.0034.5%
+NOK 57.6m		n/an/a

Latest News

5PG
NOK 1.36
5th Planet Games
7D
-15.0%
1Y
81.8%
POL
NOK 61.40
Polaris Media
7D
2.3%
1Y
2.3%
TEL
NOK 136.70
Telenor
7D
2.2%
1Y
-18.5%
Narrative Update • Aug 12

TEL: Nordics Expansion And Capital Returns Will Support Future Upside Potential

Telenor's analyst fair value estimate has been adjusted from NOK 164.35 to NOK 160.95. This reflects a group of recent price target resets in the NOK 135 to NOK 160 range as analysts update their views on discount rates, more moderate revenue assumptions and slightly firmer profit margins.
VEND
NOK 259.60
Vend Marketplaces
7D
2.7%
1Y
-29.2%