Tele2 AB (publ)

OM:TEL2 B Stock Report

Market Cap: SEK 119.1b

Tele2 Valuation

Is TEL2 B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TEL2 B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: TEL2 B (SEK172.05) is trading below our estimate of future cash flow value (SEK390.37)

Significantly Below Future Cash Flow Value: TEL2 B is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TEL2 B?

Key metric: As TEL2 B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TEL2 B. This is calculated by dividing TEL2 B's market cap by their current earnings.
What is TEL2 B's PE Ratio?
PE Ratio11.8x
EarningsSEK 10.11b
Market CapSEK 119.06b

Price to Earnings Ratio vs Peers

How does TEL2 B's PE Ratio compare to its peers?

The above table shows the PE ratio for TEL2 B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.5x
TELIA Telia Company
36.4x16.59%SEK 175.8b
3045 Taiwan Mobile
22.5x4.16%NT$363.7b
4904 Far EasTone Telecommunications
25.4x7.86%NT$376.8b
7020 Etihad Etisalat
13.7x6.91%ر.س50.0b
TEL2 B Tele2
11.8x-18.15%SEK 119.1b

Price-To-Earnings vs Peers: TEL2 B is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (24.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does TEL2 B's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TEL2 B 11.8xIndustry Avg. 15.3xNo. of Companies15PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TEL2 B is good value based on its Price-To-Earnings Ratio (11.8x) compared to the Global Wireless Telecom industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is TEL2 B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TEL2 B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: TEL2 B is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TEL2 B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 172.05
SEK 175.09
+1.77%
12.88%SEK 215.00SEK 140.00n/a19
Sep ’27SEK 169.05
SEK 175.62
+3.88%
12.97%SEK 215.00SEK 140.00n/a19
Aug ’27SEK 165.15
SEK 176.41
+6.82%
12.94%SEK 215.00SEK 140.00n/a19
Jul ’27SEK 163.90
SEK 181.54
+10.76%
14.47%SEK 225.00SEK 140.00n/a18
Jun ’27SEK 174.85
SEK 181.76
+3.95%
14.38%SEK 225.00SEK 140.00n/a18
May ’27SEK 189.45
SEK 181.87
-4.00%
14.45%SEK 225.00SEK 140.00n/a18
Apr ’27SEK 194.15
SEK 169.91
-12.48%
14.90%SEK 225.00SEK 127.00n/a18
Mar ’27SEK 190.80
SEK 164.97
-13.54%
11.28%SEK 200.00SEK 127.00n/a18
Feb ’27SEK 162.95
SEK 164.12
+0.72%
11.52%SEK 200.00SEK 127.00n/a19
Jan ’27SEK 154.55
SEK 163.13
+5.55%
12.81%SEK 200.00SEK 122.00n/a18
Dec ’26SEK 149.15
SEK 161.63
+8.37%
13.15%SEK 200.00SEK 122.00n/a18
Nov ’26SEK 150.45
SEK 161.02
+7.02%
12.95%SEK 200.00SEK 122.00n/a19
Oct ’26SEK 158.20
SEK 159.26
+0.67%
13.50%SEK 200.00SEK 122.00n/a19
Sep ’26SEK 167.60
SEK 152.14
-9.22%
13.40%SEK 190.00SEK 122.00SEK 169.0518
Aug ’26SEK 152.45
SEK 146.31
-4.03%
14.04%SEK 190.00SEK 102.00SEK 165.1518
Jul ’26SEK 139.50
SEK 138.19
-0.94%
11.78%SEK 170.00SEK 102.00SEK 163.9019
Jun ’26SEK 143.45
SEK 137.43
-4.20%
11.73%SEK 170.00SEK 102.00SEK 174.8520
May ’26SEK 142.25
SEK 136.23
-4.23%
11.64%SEK 170.00SEK 102.00SEK 189.4520
Apr ’26SEK 135.75
SEK 128.74
-5.16%
11.72%SEK 160.00SEK 102.00SEK 194.1520
Mar ’26SEK 127.60
SEK 125.14
-1.93%
10.34%SEK 160.00SEK 102.00SEK 190.8020
Feb ’26SEK 123.35
SEK 122.80
-0.45%
9.29%SEK 145.00SEK 102.00SEK 162.9520
Jan ’26SEK 109.25
SEK 116.23
+6.39%
9.64%SEK 145.00SEK 93.00SEK 154.5521
Dec ’25SEK 114.45
SEK 115.23
+0.68%
9.63%SEK 140.00SEK 93.00SEK 149.1521
Nov ’25SEK 112.05
SEK 112.66
+0.55%
8.73%SEK 133.00SEK 93.00SEK 150.4521
Oct ’25SEK 114.85
SEK 110.13
-4.11%
9.59%SEK 130.00SEK 93.00SEK 158.2020
Sep ’25SEK 116.50
SEK 107.50
-7.73%
8.79%SEK 125.00SEK 90.00SEK 167.6021
SEK 175.09
Fair Value
1.7% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 17:58
End of Day Share Price 2026/09/10 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
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 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

Tele2 AB (publ) is covered by 33 analysts. 15 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
Maurice PatrickBarclays
Jonathan DannBarclays