Telia Company AB (publ)

OM:TELIA Stock Report

Market Cap: SEK 123.2b

Telia Company Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair 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 TELIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TELIA (SEK31.33) is trading below our estimate of fair value (SEK81.77)

Significantly Below Fair Value: TELIA is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TELIA. This is calculated by dividing TELIA's market cap by their current earnings.
What is TELIA's PE Ratio?
PE Ratio117.3x
EarningsSEK 1.05b
Market CapSEK 123.19b

Price to Earnings Ratio vs Peers

How does TELIA's PE Ratio compare to its peers?

The above table shows the PE ratio for TELIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
BAHN B Bahnhof
24.3xn/aSEK 5.6b
TEL2 B Tele2
20.5x7.5%SEK 77.7b
INDUSTOWER Indus Towers
11.5x1.7%₹865.6b
6823 HKT Trust and HKT
14.3x5.1%HK$72.2b
TELIA Telia Company
117.3x24.3%SEK 123.2b

Price-To-Earnings vs Peers: TELIA is expensive based on its Price-To-Earnings Ratio (117.3x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

How does TELIA's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TELIA 117.3xIndustry Avg. 18.1xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TELIA is expensive based on its Price-To-Earnings Ratio (117.3x) compared to the European Telecom industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is TELIA'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.

TELIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio117.3x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: TELIA is expensive based on its Price-To-Earnings Ratio (117.3x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).

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 TELIA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 31.33
SEK 32.85
+4.9%
15.8%SEK 45.00SEK 22.00n/a21
Nov ’25SEK 32.19
SEK 32.75
+1.7%
15.8%SEK 45.00SEK 22.00n/a21
Oct ’25SEK 32.83
SEK 31.51
-4.0%
15.0%SEK 40.00SEK 22.00n/a21
Sep ’25SEK 31.84
SEK 29.27
-8.1%
13.7%SEK 37.00SEK 21.00n/a20
Aug ’25SEK 31.10
SEK 29.26
-5.9%
13.6%SEK 37.00SEK 21.00n/a20
Jul ’25SEK 28.87
SEK 28.72
-0.5%
13.8%SEK 37.00SEK 21.00n/a20
Jun ’25SEK 27.25
SEK 28.57
+4.8%
14.8%SEK 37.00SEK 21.00n/a20
May ’25SEK 25.26
SEK 28.57
+13.1%
14.8%SEK 37.00SEK 21.00n/a20
Apr ’25SEK 27.43
SEK 29.02
+5.8%
15.5%SEK 37.00SEK 21.00n/a20
Mar ’25SEK 24.54
SEK 28.50
+16.1%
17.0%SEK 37.00SEK 20.00n/a20
Feb ’25SEK 26.72
SEK 28.49
+6.6%
17.3%SEK 37.00SEK 20.00n/a20
Jan ’25SEK 25.73
SEK 28.27
+9.9%
18.1%SEK 39.00SEK 20.00n/a19
Dec ’24SEK 25.28
SEK 28.16
+11.4%
17.2%SEK 39.00SEK 20.00n/a19
Nov ’24SEK 23.48
SEK 27.91
+18.8%
18.4%SEK 39.00SEK 20.00SEK 32.1920
Oct ’24SEK 22.57
SEK 27.72
+22.8%
18.0%SEK 39.00SEK 20.00SEK 32.8320
Sep ’24SEK 22.39
SEK 28.42
+26.9%
17.2%SEK 39.00SEK 20.00SEK 31.8420
Aug ’24SEK 22.15
SEK 28.87
+30.3%
16.6%SEK 39.00SEK 22.00SEK 31.1020
Jul ’24SEK 23.65
SEK 29.35
+24.1%
16.6%SEK 39.00SEK 22.00SEK 28.8720
Jun ’24SEK 25.23
SEK 29.69
+17.7%
15.9%SEK 39.00SEK 23.00SEK 27.2520
May ’24SEK 28.56
SEK 29.47
+3.2%
17.6%SEK 39.00SEK 22.00SEK 25.2618
Apr ’24SEK 26.37
SEK 29.14
+10.5%
16.9%SEK 39.00SEK 22.00SEK 27.4320
Mar ’24SEK 26.62
SEK 29.73
+11.7%
15.7%SEK 39.00SEK 22.00SEK 24.5419
Feb ’24SEK 27.19
SEK 29.82
+9.7%
16.2%SEK 39.00SEK 22.00SEK 26.7220
Jan ’24SEK 26.66
SEK 33.17
+24.4%
16.4%SEK 43.00SEK 24.50SEK 25.7320
Dec ’23SEK 29.03
SEK 34.30
+18.1%
18.3%SEK 48.50SEK 24.50SEK 25.2820
Nov ’23SEK 29.14
SEK 35.78
+22.8%
18.2%SEK 48.50SEK 26.00SEK 23.4819

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

Discover undervalued companies

TH1NG

SEK 24.2m

Develops and delivers socially critical digital infrastructure that enables smart and sustainable societies in Sweden.

TH1NG

SEK 0.90

7D

-8.7%

1Y

-36.5%