Valuation Telenor ASA

Stocks

Market Closed - Oslo Bors 19:45:00 28/10/2026 +04			5-day change	1st Jan Change
130.00 ^NOK	+1.80%		+4.08%	-11.38%

10-28	Telenor sees AI shoppers testing its premium mobile pitch	RE
10-28	Telenor sees AI shoppers testing its premium mobile pitch	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	193,965	128,146	161,417	173,578	200,507	176,169	-	-
Change	-	-33.93%	25.96%	7.53%	15.51%	-12.14%	-	-
Enterprise Value (EV) ¹	294,748	226,021	241,198	260,366	282,238	225,391	232,015	233,149
Change	-	-23.32%	6.71%	7.95%	8.4%	-20.14%	2.94%	0.49%
P/E	127x	2.85x	11.8x	9.14x	24.5x	12.8x	14.6x	13.4x
PBR	7.38x	2.13x	2.5x	2.29x	2.8x	2.7x	2.84x	2.94x
PEG	-	0x	-0.2x	0.2x	-0.4x	0.2x	-1.2x	1.48x
Capitalization / Revenue	1.76x	1.3x	2.01x	2.17x	2.62x	2.39x	2.41x	2.37x
EV / Revenue	2.67x	2.28x	3x	3.26x	3.69x	3.06x	3.17x	3.14x
EV / EBITDA	6x	5.33x	6.98x	7.44x	8.19x	6.8x	6.97x	6.78x
EV / EBIT	12.7x	11.8x	14.2x	14x	15.7x	12.9x	13.1x	12.4x
EV / FCF	12.9x	11.3x	16.8x	14.4x	14.6x	18x	16.4x	15.8x
FCF Yield	7.74%	8.82%	5.97%	6.95%	6.84%	5.55%	6.1%	6.34%
Dividend per Share ²	9.3	9.4	9.4	9.6	9.7	9.741	9.89	10.08
Rate of return	6.71%	10.3%	8.06%	7.57%	6.61%	7.49%	7.61%	7.75%
EPS ²	1.09	32.09	9.9	13.88	5.98	10.16	8.913	9.722
Distribution rate	853%	29.3%	94.9%	69.2%	162%	95.8%	111%	104%
Net sales ¹	110,241	98,953	80,452	79,928	76,548	73,770	73,194	74,348
EBITDA ¹	49,162	42,374	34,564	34,980	34,462	33,147	33,272	34,366
EBIT ¹	23,294	19,105	16,964	18,623	17,978	17,481	17,704	18,751
Net income ¹	1,528	44,913	13,734	19,107	8,186	15,488	11,879	12,556
Net Debt ¹	100,783	97,875	79,781	86,788	81,731	49,222	55,846	56,980
Reference price ²	138.60	91.60	116.60	126.90	146.70	130.00	130.00	130.00
Nbr of stocks (in thousands)	1,399,458	1,398,973	1,384,365	1,367,829	1,366,784	1,355,146	-	-
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	10.87x	3.07x	6.89x	7.65%	18.55B
SPACEX (SPACE EXPLORATION TECHNOLOGIES)	700.68x	41.01x	82.35x	-	2,018B
T-MOBILE US, INC.	13.4x	2.54x	6.42x	2.83%	158B
SOFTBANK GROUP CORP.	33.84x	5.43x	22.55x	0.25%	161B
AT&T INC.	10.45x	2.22x	5.99x	5.3%	141B
BHARTI AIRTEL LIMITED	30.82x	5.58x	9.78x	1.68%	130B
COMCAST CORPORATION	7.43x	1.32x	4.78x	6.05%	77.55B
SOFTBANK CORP.	18.41x	2.13x	8.08x	3.79%	70.86B
KDDI CORPORATION	14.24x	2.34x	7.65x	2.95%	68.74B
VODAFONE GROUP PLC	13.27x	1.42x	4.81x	3.42%	36.43B
Average	85.34x	6.71x	15.93x	3.77%	287.99B
Weighted average by Cap.	496.71x	29.72x	60.66x	3.08%