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Updated 1m ago
TEL logo

Telenor ASAOB:TEL Stock Report

Market Cap NOK 185.7b
Updated 1m ago
Share Price
n/a
1Y-19.1%
7D0.6%
1D-0.7%
Portfolio Value
​
View

Telenor ASA

OB:TEL Stock Report

Market Cap: NOK 185.7b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Telenor (TEL) Stock Overview

Operates as a telecommunication company worldwide. More details

TEL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends5/6

Rewards

Trading at 57.2% below our estimate of its fair value

Earnings grew by 73.5% over the past year

Pays a reliable dividend of 7.17%

Risk Analysis

Earnings are forecast to decline by an average of 5.7% per year for the next 3 years

Has a high level of debt


TEL Community Fair Values

Create Narrative

See what 51 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
14.0% undervalued intrinsic discount
AnalystConsensusTarget
•5d ago

Asian Data Upside And Nordic Cost Efficiencies Will Drive Stronger Long-Term Earnings

86
0
10

Top Analyst Narratives

TEL logo
Telenor
14.0% undervalued intrinsic discount
Updated

Asian Data Upside And Nordic Cost Efficiencies Will Drive Stronger Long-Term Earnings

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 10 Sep
Read Narrative
View all narratives

Telenor ASA Competitors

Telecom Italia

Symbol: BIT:TIT
Market cap: €16.2b

Telia Company

Symbol: OM:TELIA
Market cap: SEK 185.0b

China Tower

Symbol: SEHK:788
Market cap: HK$157.5b

BCE

Symbol: TSX:BCE
Market cap: CA$30.4b

Price History & Performance

Summary of share price highs, lows and changes for Telenor
Historical stock prices
Current Share PriceNOK 135.20
52 Week HighNOK 178.70
52 Week LowNOK 125.20
Beta0.25
1 Month Change0.75%
3 Month Change-7.59%
1 Year Change-19.14%
3 Year Change9.52%
5 Year Change-7.21%
Change since IPO238.00%

Recent News & Updates

User avatar
Narrative Update • Sep 10

TEL: Execution Discipline And Capital Returns Will Support Future Upside Potential

The analyst fair value estimate for Telenor has been adjusted from NOK 160.95 to NOK 157.30 as analysts respond to a series of reduced price targets and more cautious views on return on invested capital growth and gearing. Analyst Commentary Recent research on Telenor shows a split view.
User avatar
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.
Analysis Article • Jul 24

Impressive Earnings May Not Tell The Whole Story For Telenor (OB:TEL)

Last week's profit announcement from Telenor ASA ( OB:TEL ) was underwhelming for investors, despite headline numbers...
User avatar
Narrative Update • Jul 17

TEL: Nordics Expansion And IoT Proceeds Will Support Upside Potential

Telenor's updated fair value estimate of NOK 164.35, down from NOK 168, reflects a recalibrated view of analyst price targets that now cluster around NOK 140 to NOK 170, as analysts weigh recent upgrades to Buy and trimmed targets against mixed sentiment on Nordic telecoms. Analyst Commentary Recent research on Telenor shows a split view, with some analysts turning more positive on the stock while others are trimming expectations and leaning cautious on the Nordic telecoms space.

Recent updates

User avatar
Narrative Update • Sep 10

TEL: Execution Discipline And Capital Returns Will Support Future Upside Potential

The analyst fair value estimate for Telenor has been adjusted from NOK 160.95 to NOK 157.30 as analysts respond to a series of reduced price targets and more cautious views on return on invested capital growth and gearing. Analyst Commentary Recent research on Telenor shows a split view.
User avatar
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.
Analysis Article • Jul 24

Impressive Earnings May Not Tell The Whole Story For Telenor (OB:TEL)

Last week's profit announcement from Telenor ASA ( OB:TEL ) was underwhelming for investors, despite headline numbers...
User avatar
Narrative Update • Jul 17

TEL: Nordics Expansion And IoT Proceeds Will Support Upside Potential

Telenor's updated fair value estimate of NOK 164.35, down from NOK 168, reflects a recalibrated view of analyst price targets that now cluster around NOK 140 to NOK 170, as analysts weigh recent upgrades to Buy and trimmed targets against mixed sentiment on Nordic telecoms. Analyst Commentary Recent research on Telenor shows a split view, with some analysts turning more positive on the stock while others are trimming expectations and leaning cautious on the Nordic telecoms space.
Analysis Article • Jun 18

Telenor (OB:TEL) Stock Could Be 51.9% Below Fair Value After Bane NOR Deal

Telenor (OB:TEL) is back in focus after Telenor Norge and Techstep secured a new five year frame agreement with Bane NOR, covering mobile services, devices, subscriptions, and full lifecycle management. See our latest analysis for Telenor. The new Bane NOR contract lands at a time when Telenor’s share price has softened, with a 30 day share price return down 10.19% and a 90 day return down 13.60%, yet its 3 year total shareholder return of 60.65% and 5 year total shareholder return of 42.38%...
Analysis Article • Oct 28

Telenor ASA's (OB:TEL) Business Is Yet to Catch Up With Its Share Price

When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 12x, you may consider...
Analysis Article • Sep 25

Telenor (OB:TEL) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

TELNO TelecomNO Market
7D0.6%2.1%0.8%
1Y-19.1%2.2%22.6%

Return vs Industry: TEL underperformed the Norwegian Telecom industry which returned 2.2% over the past year.

Return vs Market: TEL underperformed the Norwegian Market which returned 22.6% over the past year.

Price Volatility

Is TEL's price volatile compared to industry and market?
TEL volatility
TEL Average Weekly Movement4.1%
Telecom Industry Average Movement3.6%
Market Average Movement4.6%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market2.6%

Stable Share Price: TEL has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: TEL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18559,819Benedicte Fasmerwww.telenor.com

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile and broadband telecom products and services, including mobile, broadband and TV services; other services, including solutions for business customers like managed services, virtual private networks, software defined networks, and network as a service; IoT solutions; and mobile maritime communication for cruise and ferry, fisheries, and oil and gas industry.

Telenor ASA Fundamentals Summary

How do Telenor's earnings and revenue compare to its market cap?
TEL fundamental statistics
Market capNOK 185.66b
Earnings (TTM)NOK 16.03b
Revenue (TTM)NOK 75.32b
11.5x
P/E Ratio
2.4x
P/S Ratio

Is TEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TEL income statement (TTM)
RevenueNOK 75.32b
Cost of RevenueNOK 26.45b
Gross ProfitNOK 48.87b
Other ExpensesNOK 32.84b
EarningsNOK 16.03b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 28, 2026

Earnings per share (EPS)11.75
Gross Margin64.88%
Net Profit Margin21.28%
Debt/Equity Ratio106.1%

How did TEL perform over the long term?

See historical performance and comparison

Dividends

7.2%
Current Dividend Yield
83%
Payout Ratio

Does TEL pay a reliable dividends?

See TEL dividend history and benchmarks
When do you need to buy TEL by to receive an upcoming dividend?
Telenor dividend dates
Ex Dividend DateOct 15 2026
Dividend Pay DateOct 27 2026
Days until Ex dividend28 days
Days until Dividend pay date40 days

Does TEL pay a reliable dividends?

See TEL dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 16:39
End of Day Share Price 2026/09/16 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telenor ASA is covered by 36 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
William Noel MilnerArete Research Services LLP
John DaviesBanco Santander

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