Telenor (TEQA) Stock Overview

Operates as a telecommunication company worldwide. More details

TEQA fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	4/6
Financial Health	4/6
Dividends	6/6

Rewards

Trading at 55.8% below our estimate of its fair value

Earnings grew by 98.2% over the past year

Pays a high and reliable dividend of 6.83%

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 7% per year for the next 3 years

Has a high level of debt

Large one-off items impacting financial results

TEQA Community Fair Values

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Telenor ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Telenor
Historical stock prices
Current Share Price	NOK 12.30
52 Week High	NOK 15.50
52 Week Low	NOK 11.80
Beta	0.26
1 Month Change	-10.22%
3 Month Change	-18.00%
1 Year Change	-4.65%
3 Year Change	39.77%
5 Year Change	n/a
Change since IPO	-10.15%

Recent updates

Shareholder Returns

	TEQA	DE Telecom	DE Market
7D	-2.4%	1.6%	4.3%
1Y	-4.7%	-15.4%	2.9%

Return vs Industry: TEQA exceeded the German Telecom industry which returned -16.1% over the past year.

Return vs Market: TEQA underperformed the German Market which returned 2.9% over the past year.

Price Volatility

Is TEQA's price volatile compared to industry and market?
TEQA volatility
TEQA Average Weekly Movement	4.0%
Telecom Industry Average Movement	4.1%
Market Average Movement	5.6%
10% most volatile stocks in DE Market	12.6%
10% least volatile stocks in DE Market	2.7%

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

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

About the Company

Founded	Employees	CEO	Website
1855	9,819	Benedicte Fasmer	www.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?
TEQA fundamental statistics
Market cap	€17.36b
Earnings (TTM)	€1.50b
Revenue (TTM)	€6.82b

11.6x

P/E Ratio

2.5x

P/S Ratio

Is TEQA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TEQA income statement (TTM)
Revenue	NOK 76.29b
Cost of Revenue	NOK 26.53b
Gross Profit	NOK 49.76b
Other Expenses	NOK 32.96b
Earnings	NOK 16.80b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 16, 2026

Earnings per share (EPS)	12.29
Gross Margin	65.23%
Net Profit Margin	22.03%
Debt/Equity Ratio	101.9%

How did TEQA perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

79%

Payout Ratio

Does TEQA pay a reliable dividends?

See TEQA dividend history and benchmarks

When do you need to buy TEQA by to receive an upcoming dividend?
Telenor dividend dates
Ex Dividend Date	Oct 16 2026
Dividend Pay Date	Nov 03 2026
Days until Ex dividend	100 days
Days until Dividend pay date	118 days

Does TEQA pay a reliable dividends?

See TEQA dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/06 07:33
End of Day Share Price	2026/07/06 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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 world class team 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.

Analyst	Institution
null null	ABG Sundal Collier
William Noel Milner	Arete Research Services LLP
John Davies	Banco Santander

Telenor (TEQA) Stock Overview

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Risk Analysis

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Telenor ASA Competitors

Vantage Towers

Telefónica Deutschland Holding

United Internet

Deutsche Telekom

Price History & Performance

Recent News & Updates

Telenor ASA Announces Management Changes, Effective 18 August 2026

Verdane entered into an agreement to acquire 50% stake in Telenor Connexion AB from Telenor ASA (OB:TEL) for SEK 3.8 billion.

Telenor Group Announces Executive and Management Changes

Arise Digital Technology Company Limited acquired 24.95% stake in True Corporation Public Company Limited (SET:TRUE) from Telenor ASA (OB:TEL).

Telenor ASA Proposes Dividend for the Fiscal Year 2025, Payable on 2 June 2026 and 27 October 2026

Arise Digital Technology Company Limited signed an agreement to acquire 24.95% stake in True Corporation Public Company Limited (SET:TRUE) from Telenor ASA (OB:TEL) for approximately THB 100 billion.

Recent updates

Telenor ASA Announces Management Changes, Effective 18 August 2026

Verdane entered into an agreement to acquire 50% stake in Telenor Connexion AB from Telenor ASA (OB:TEL) for SEK 3.8 billion.

Telenor Group Announces Executive and Management Changes

Arise Digital Technology Company Limited acquired 24.95% stake in True Corporation Public Company Limited (SET:TRUE) from Telenor ASA (OB:TEL).

Telenor ASA Proposes Dividend for the Fiscal Year 2025, Payable on 2 June 2026 and 27 October 2026

Arise Digital Technology Company Limited signed an agreement to acquire 24.95% stake in True Corporation Public Company Limited (SET:TRUE) from Telenor ASA (OB:TEL) for approximately THB 100 billion.

Telenor Consolidates IoT Operations to Launch Global IoT Powerhouse

Telenor Asa Provides Earnings Guidance for the Full Year 2025

Telenor ASA, Annual General Meeting, May 19, 2026

Telenor ASA to Report First Half, 2026 Results on Jul 16, 2026

Telenor ASA (OB:TEL) commences an Equity Buyback Plan for 10,000,000 shares, representing 0.73% of its issued share capital, under the authorization approved on May 21, 2025.

Telenor ASA Approves Ordinary Dividend for Fiscal Year 2024, Payable June 3, 2025 and October 28, 2025

Telenor ASA (OB:TEL) acquired 50% stake in Jotta AS from Hawk Infinity Software AS for Approximately NOK 360 million.

Telenor ASA (OB:TEL) agreed to acquire 50% stake in Jotta AS from Hawk Infinity Software AS for NOK 360 million.

Telenor ASA Proposes Total Dividend for the Financial Year 2024, Payable on 3 June 2025 and 28 October 2025

Telenor Appoints New Members of Group Management

Telenor ASA, Annual General Meeting, May 21, 2025

Telenor ASA to Report Q3, 2025 Results on Oct 29, 2025

Telenor Asa Announces Executive Changes in Telenor Nordics

Telenor ASA Appoints Thomas Kronen as CEO of Telenor Cyberdefence

Telenor Group Announces CEO Changes

Telenor ASA Announces Chief Financial Officer Changes

Telenor Asa Proposes Total Dividend for the Financial Year 2023, Payable on 22 May 2024 and 29 October 2024

Telenor ASA to Report Q3, 2024 Results on Oct 30, 2024

Telenor ASA Announces Management Changes

Cisco Systems, Inc. agreed to acquire a 44.6% stake in Working Group Two AS from Telenor ASA.

Telenor ASA Elects Jens Petter Olsen as Chair of the Board of Directors

Telenor ASA Announces Board Changes

Telenor ASA Proposes Dividend for the Year 2022

A consortium led by KKR & Co. Inc. (NYSE:KKR) and Oslo Pensjonsforsikring AS completed the acquisition of 30% stake in Passive fibre assets from Telenor ASA (OB:TEL) for NOK 10.8 billion.

Yoma MFS Holdings Pte. Ltd. completed the acquisition of Digital Money Myanmar Limited from Telenor ASA (OB:TEL).

Telenor ASA to Report Q4, 2022 Results on Feb 02, 2023

Telenor Reportedly Seeks Exits from Pakistan

Telenor Sweden Appoints Anna Cau as Chief People Officer of Management from the Beginning of 2023

Telenor ASA Announces Management Changes

Telenor ASA to Report Q2, 2022 Results on Jul 15, 2022

Telenor ASA Approves Dividend in Two Tranches for 2021, Payable on or About 24 May 2022 and 19 October 2022

Telenor ASA Elects Nina Bjørnstad as New Member of the Board of Directors with Effect from May 11, 2022

Telenor ASA Proposes Split Dividend for the Financial Year 2021, Payable on 24 May 2022 and 19 October 2022

Telenor Denmark Names New Head of Private Customer Division

Telenor Asa Provides Earnings Guidance for the Year 2022

Yoma MFS Holdings Pte. Ltd. entered into an agreement to acquire a 51% stake in Digital Money Myanmar Limited from Telenor ASA (OB:TEL) for $53 million.