Telenor (TELN.F) Stock Overview

Operates as a telecommunication company worldwide. More details

TELN.F fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	4/6
Financial Health	4/6
Dividends	6/6

Rewards

Trading at 45.6% below our estimate of its fair value

Earnings grew by 98.2% over the past year

Pays a high and reliable dividend of 5.92%

Risk Analysis

Earnings are forecast to decline by an average of 6.2% per year for the next 3 years

Shares are highly illiquid

Has a high level of debt

Large one-off items impacting financial results

TELN.F 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 17.27
52 Week High	NOK 19.10
52 Week Low	NOK 11.73
Beta	0.25
1 Month Change	-0.92%
3 Month Change	-8.67%
1 Year Change	13.17%
3 Year Change	52.76%
5 Year Change	-4.06%
Change since IPO	291.10%

Recent updates

Shareholder Returns

	TELN.F	US Telecom	US Market
7D	0%	0.5%	-1.0%
1Y	13.2%	-0.4%	23.3%

Return vs Industry: TELN.F exceeded the US Telecom industry which returned -2.3% over the past year.

Return vs Market: TELN.F underperformed the US Market which returned 24.4% over the past year.

Price Volatility

Is TELN.F's price volatile compared to industry and market?
TELN.F volatility
TELN.F Average Weekly Movement	n/a
Telecom Industry Average Movement	8.0%
Market Average Movement	7.2%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	3.2%

Stable Share Price: TELN.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine TELN.F's volatility change 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?
TELN.F fundamental statistics
Market cap	US$23.91b
Earnings (TTM)	US$1.81b
Revenue (TTM)	US$8.23b

13.3x

P/E Ratio

2.9x

P/S Ratio

Is TELN.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TELN.F 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 TELN.F perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

79%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/19 14:24
End of Day Share Price	2026/05/11 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 37 analysts. 13 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 (TELN.F) Stock Overview

Rewards

Risk Analysis

Telenor ASA Competitors

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IHS Holding

Price History & Performance

Recent News & Updates

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

Recent updates

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.

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

Telenor ASA (OB:TEL) commences an Equity Buyback Plan, for 10,000,000 shares, representing 0.71% of its issued share capital, under the authorization approved on May 27, 2021.

Telenor Asa Approves Dividend, Payable on or About 9 June 2021 and 20 October 2021

Telenor ASA Proposes Cash Dividend, Payable on 20 October 2021

Telenor ASA Provides Revenue Guidance for 2021

Jukka Leinonen Appoints as Head of Telenor Group’s Nordic Cluster Full-Time from Autumn 2021

Telenor ASA to Report Q1, 2021 Results on May 04, 2021

The Telenor Group to Report Q4, 2009 Results on 02/10/2010

Telenor ASA to Report Q3, 2020 Results on Oct 21, 2020

Merchantrade Asia Sdn Bhd acquired Valyou Sdn Bhd from Telenor ASA (OB:TEL).

FagerStad Utvikling AS, Fredensborg AS, Fredensborg Bolig AS, Johan Johannson Eiendom AS, Norgesgruppen Eiendom AS agreed to acquire Portfolio of 85 Development properties in Norway from Telenor ASA (OB:TEL) for NOK 1.4 billion.