Valuation Telenor ASA

Stocks

Market Closed - Oslo Bors Other stock markets 08:15:00 17/07/2026 pm IST			5-day change	1st Jan Change
134.40 ^NOK	+4.75%		-7.18%	-8.38%

17/07	Global markets live: Netflix, Coca-Cola, Apple, Google, SpaceX…
17/07	Danske Bank Upgrades Telenor to Buy Rating	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	1,93,965	1,28,146	1,61,417	1,73,578	2,00,507	1,83,809	-	-
Change	-	-33.93%	25.96%	7.53%	15.51%	-8.33%	-	-
Enterprise Value (EV) ¹	2,94,748	2,26,021	2,41,198	2,60,366	2,82,238	2,35,391	2,39,746	2,39,445
Change	-	-23.32%	6.71%	7.95%	8.4%	-16.6%	1.85%	-0.13%
P/E	127x	2.85x	11.8x	9.14x	24.5x	13.1x	14.6x	13.1x
PBR	7.38x	2.13x	2.5x	2.29x	2.8x	3.04x	2.83x	2.92x
PEG	-	0x	-0.2x	0.2x	-0.4x	0.2x	-1.4x	1.2x
Capitalization / Revenue	1.76x	1.3x	2.01x	2.17x	2.62x	2.47x	2.46x	2.42x
EV / Revenue	2.67x	2.28x	3x	3.26x	3.69x	3.17x	3.21x	3.15x
EV / EBITDA	6x	5.33x	6.98x	7.44x	8.19x	7.1x	6.99x	6.74x
EV / EBIT	12.7x	11.8x	14.2x	14x	15.7x	13.7x	13.1x	12.3x
EV / FCF	12.9x	11.3x	16.8x	14.4x	14.6x	19.7x	17.9x	17x
FCF Yield	7.74%	8.82%	5.97%	6.95%	6.84%	5.07%	5.59%	5.89%
Dividend per Share ²	9.3	9.4	9.4	9.6	9.7	9.764	9.931	10.14
Rate of return	6.71%	10.3%	8.06%	7.57%	6.61%	7.27%	7.39%	7.55%
EPS ²	1.09	32.09	9.9	13.88	5.98	10.26	9.224	10.25
Distribution rate	853%	29.3%	94.9%	69.2%	162%	95.2%	108%	98.9%
Net sales ¹	1,10,241	98,953	80,452	79,928	76,548	74,342	74,704	76,050
EBITDA ¹	49,162	42,374	34,564	34,980	34,462	33,150	34,294	35,517
EBIT ¹	23,294	19,105	16,964	18,623	17,978	17,198	18,322	19,443
Net income ¹	1,528	44,913	13,734	19,107	8,186	15,131	12,254	13,136
Net Debt ¹	1,00,783	97,875	79,781	86,788	81,731	51,582	55,937	55,636
Reference price ²	138.60	91.60	116.60	126.90	146.70	134.40	134.40	134.40
Nbr of stocks (in thousands)	13,99,458	13,98,973	13,84,365	13,67,829	13,66,784	13,67,628	-	-
Announcement Date	02/02/22	02/02/23	07/02/24	06/02/25	06/02/26	-	-	-

¹NOK in Million²NOK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TELENOR ASA	13.1x	3.17x	7.1x	7.27%	1.91TCr
SPACEX (SPACE EXPLORATION TECHNOLOGIES)	-188.79x	40.59x	93.35x	-	1,63300Cr
SOFTBANK GROUP CORP.	32.11x	6.24x	28.25x	0.2%	19TCr
T-MOBILE US, INC.	18.35x	3.08x	7.82x	2.14%	21TCr
AT&T INC.	9.53x	2.29x	6.18x	5.09%	15TCr
KDDI CORPORATION	14.54x	2.34x	7.79x	2.93%	6.72TCr
VODAFONE GROUP PLC	14.45x	1.36x	4.65x	3.49%	3.65TCr
ADVANCED INFO SERVICE	21.44x	5.73x	10.49x	4.43%	3.35TCr
CHINA UNICOM (HONG KONG) LIMITED	8.86x	0.32x	1.3x	7.64%	2.49TCr
VODACOM GROUP LIMITED	12.22x	1.93x	4.71x	5.42%	1.84TCr
Average	-4.42x	6.70x	17.16x	4.29%	23.83TCr
Weighted average by Cap.	-123.39x	28.95x	67.86x	2.88%