|
Market Closed -
Oslo Bors
10:45:00 2026-10-16 EDT
|
5-day change | 1st Jan Change | ||
| 126.10 NOK | +0.56% |
|
+1.29% | -14.04% |
| 10-15 | Deutsche Bank Research Lowers Telenor PT, Keeps at Hold | MT |
| 10-15 | Deutsche Bank upgrades Telia to buy and sharply raises price target | FW |
Company Valuation: Telenor ASA
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 | 170,884 | - | - |
| Change | - | -33.93% | 25.96% | 7.53% | 15.51% | -14.77% | - | - |
| Enterprise Value (EV) 1 | 294,748 | 226,021 | 241,198 | 260,366 | 282,238 | 222,790 | 227,038 | 227,718 |
| Change | - | -23.32% | 6.71% | 7.95% | 8.4% | -21.06% | 1.91% | 0.3% |
| P/E | 127x | 2.85x | 11.8x | 9.14x | 24.5x | 11x | 14x | 12.9x |
| PBR | 7.38x | 2.13x | 2.5x | 2.29x | 2.8x | 2.61x | 2.74x | 2.84x |
| PEG | - | 0x | -0.2x | 0.2x | -0.4x | 0.1x | -0.7x | 1.44x |
| Capitalization / Revenue | 1.76x | 1.3x | 2.01x | 2.17x | 2.62x | 2.32x | 2.33x | 2.29x |
| EV / Revenue | 2.67x | 2.28x | 3x | 3.26x | 3.69x | 3.03x | 3.09x | 3.05x |
| EV / EBITDA | 6x | 5.33x | 6.98x | 7.44x | 8.19x | 6.8x | 6.78x | 6.59x |
| EV / EBIT | 12.7x | 11.8x | 14.2x | 14x | 15.7x | 13.2x | 12.7x | 12.1x |
| EV / FCF | 12.9x | 11.3x | 16.8x | 14.4x | 14.6x | 17.7x | 15.9x | 15.2x |
| FCF Yield | 7.74% | 8.82% | 5.97% | 6.95% | 6.84% | 5.64% | 6.3% | 6.58% |
| Dividend per Share 2 | 9.3 | 9.4 | 9.4 | 9.6 | 9.7 | 9.774 | 9.89 | 10.08 |
| Rate of return | 6.71% | 10.3% | 8.06% | 7.57% | 6.61% | 7.75% | 7.84% | 7.99% |
| EPS 2 | 1.09 | 32.09 | 9.9 | 13.88 | 5.98 | 11.43 | 9.002 | 9.806 |
| Distribution rate | 853% | 29.3% | 94.9% | 69.2% | 162% | 85.5% | 110% | 103% |
| Net sales 1 | 110,241 | 98,953 | 80,452 | 79,928 | 76,548 | 73,598 | 73,460 | 74,636 |
| EBITDA 1 | 49,162 | 42,374 | 34,564 | 34,980 | 34,462 | 32,779 | 33,463 | 34,532 |
| EBIT 1 | 23,294 | 19,105 | 16,964 | 18,623 | 17,978 | 16,920 | 17,856 | 18,886 |
| Net income 1 | 1,528 | 44,913 | 13,734 | 19,107 | 8,186 | 15,337 | 11,973 | 12,635 |
| Net Debt 1 | 100,783 | 97,875 | 79,781 | 86,788 | 81,731 | 51,906 | 56,154 | 56,834 |
| Reference price 2 | 138.60 | 91.60 | 116.60 | 126.90 | 146.70 | 126.10 | 126.10 | 126.10 |
| 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 | 2/2/22 | 2/2/23 | 2/7/24 | 2/6/25 | 2/6/26 | - | - | - |
1NOK in Million2NOK
Estimates
P/E, Detailed evolution
| P/E (N) | EV / Sales (N) | EV / EBITDA (N) | Dividend Yield (N) | Capi.($) | ||
|---|---|---|---|---|---|---|
 | 11.04x | 3.03x | 6.8x | 7.75% | 18.1B | |
| 1443.27x | 42.72x | 86.78x | - | 1,982B | |
| 37.39x | 5.75x | 23.85x | 0.22% | 178B | |
| 14.53x | 2.68x | 6.8x | 2.61% | 171B | |
| 9.86x | 2.39x | 6.42x | 4.74% | 161B | |
| 29.76x | 5.4x | 9.46x | 1.75% | 125B | |
| 7.33x | 1.32x | 4.78x | 6.06% | 77.72B | |
| 19.31x | 2.2x | 8.35x | 3.61% | 74.29B | |
| 14.54x | 2.37x | 7.76x | 2.89% | 70.17B | |
| 13.52x | 1.43x | 4.86x | 3.34% | 37.49B | |
| Average | 160.05x | 6.93x | 16.59x | 3.66% | 289.47B | |
| Weighted average by Cap. | 994.50x | 30.32x | 62.69x | 2.93% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
- Stock Market
- Stocks
- TEL Stock
- Valuation Telenor ASA
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