Telenor

TEL · Oslo Børs · NOK

kr 128.20Change from previous close: −0.62%Absolute change: −kr 0.80

Close · September 30, 2026

Valuation

Data as of October 2, 2026

Valuation multiples

Market cap
kr 172.09B
Enterprise value
kr 234.25B
P/E (trailing 12 months)
10.8
Forward P/E
13.3
PEG
2.77
Price/book
2.76
Price/sales
2.28
EV/EBITDA
9.18
EV/revenue
3.11

Profitability and growth

Gross margin
64.9%
Operating margin
22.8%
Net margin
15.7%
ROE
25.0%
ROA
5.2%
Revenue growth (year over year)
-5.1%
Earnings growth (year over year)
-32.2%

Financial health

Total cash
kr 31.7B
Total debt
kr 87.25B
Debt/equity
1.28
Current ratio
1.32
Quick ratio
1.07

Dividends

Annual dividend per share
kr 9.70
Dividend yield
7.6%
Payout ratio
81.9%
Ex-dividend date
October 15, 2026

Analysts and estimates

Average price target
kr 155.00
Median price target
kr 156.00
High price target
kr 191.00
Low price target
kr 135.00
Number of analysts
20
Consensus
Buy
Forward EPS
kr 9.55
EPS estimate, current year
kr 10.36

Shares and trading

Beta
0.25
Average volume
2.04M
Shares outstanding
1.36B
Float
627.2M
Institutional ownership
36.0%
Insider ownership
54.0%