Telenor ASA

OB:TEL Stock Report

Market Cap: NOK 212.5b

Telenor Future Growth

Future criteria checks 1/6

Telenor's earnings are forecast to decline at 5.2% per annum while its annual revenue is expected to grow at 1.2% per year. EPS is expected to decline by 5.7% per annum. Return on equity is forecast to be 21.7% in 3 years.

Key information

-5.2%

Earnings growth rate

-5.72%

EPS growth rate

Telecom earnings growth21.1%
Revenue growth rate1.2%
Future return on equity21.72%
Analyst coverage

Good

Last updated11 May 2026

Recent future growth updates

Recent updates

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...
Analysis Article • Aug 30

Here's Why We Think Telenor (OB:TEL) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Aug 14

Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.60

Telenor ASA's ( OB:TEL ) investors are due to receive a payment of NOK4.60 per share on 28th of October. This takes the...
Analysis Article • Jul 09

Some Shareholders Feeling Restless Over Telenor ASA's (OB:TEL) P/E Ratio

Telenor ASA's ( OB:TEL ) price-to-earnings (or "P/E") ratio of 23x might make it look like a strong sell right now...
Analysis Article • Jun 23

Telenor (OB:TEL) Has More To Do To Multiply In Value Going Forward

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

Earnings and Revenue Growth Forecasts

OB:TEL - Analysts future estimates and past financials data (NOK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202877,25813,19812,818N/A11
12/31/202775,85812,60312,176N/A12
12/31/202674,96814,65510,498N/A12
3/31/202676,35216,804N/AN/AN/A
12/31/202576,54810,96119,88431,222N/A
9/30/202580,82210,12518,24430,638N/A
6/30/202580,55510,21717,06529,476N/A
3/31/202580,1779,28517,91930,490N/A
12/31/202475,48718,00318,55231,481N/A
9/30/202480,3649,70219,67132,305N/A
6/30/202480,4349,10920,32633,484N/A
3/31/202480,7227,43817,84531,631N/A
12/31/202380,452-4,88114,39229,120N/A
9/30/202379,1857,11313,29329,565N/A
6/30/202378,6105,09414,50532,014N/A
3/31/202377,6333,07416,34035,910N/A
12/31/202276,8779,68319,92439,222N/A
9/30/202272,2763,92418,85838,378N/A
6/30/202280,1565,63821,37040,596N/A
3/31/202288,0668,80322,61640,852N/A
12/31/202197,1535,65122,82542,272N/A
9/30/2021111,40914,58125,67945,057N/A
6/30/2021112,40516,61824,05442,911N/A
3/31/2021114,22616,90824,97444,284N/A
12/31/2020115,83914,15524,82043,820N/A
9/30/2020118,25410,07221,34039,510N/A
6/30/2020118,2704,87519,25140,260N/A
3/31/2020116,2095,09214,62735,126N/A
12/31/2019113,6668,515N/A34,222N/A
9/30/2019105,6333,759N/A35,435N/A
6/30/2019104,7758,323N/A34,581N/A
3/31/2019105,3617,743N/A37,253N/A
12/31/2018105,9238,966N/A36,394N/A
9/30/2018110,89812,304N/A37,029N/A
6/30/2018110,79414,071N/A37,935N/A
3/31/2018111,62311,350N/A40,473N/A
12/31/2017112,06910,199N/A40,723N/A
9/30/2017115,11610,707N/A41,069N/A
6/30/2017118,9034,562N/A39,833N/A
3/31/2017121,4976,580N/A37,419N/A
12/31/2016125,39510,404N/A39,778N/A
9/30/2016127,1565,853N/A38,532N/A
6/30/2016127,7434,842N/A39,024N/A
3/31/2016128,2236,967N/A39,929N/A
12/31/2015128,1753,414N/A37,107N/A
9/30/2015125,1286,035N/A35,198N/A
6/30/2015120,97710,390N/A34,907N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEL's earnings are forecast to decline over the next 3 years (-5.2% per year).

Earnings vs Market: TEL's earnings are forecast to decline over the next 3 years (-5.2% per year).

High Growth Earnings: TEL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TEL's revenue (1.2% per year) is forecast to grow slower than the Norwegian market (2.3% per year).

High Growth Revenue: TEL's revenue (1.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TEL's Return on Equity is forecast to be high in 3 years time (21.7%)

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 23:51
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 35 analysts. 12 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