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Telenor

OSL:TEL · NO0010063308
Diversified Telecommunication ServicesX-Large

360

66
EV / EBIT43
Price / Owner Earnings24
Owner Earnings Yield55
Dividend Yield79
Price/Sales26
EV / Gross Profit43
Price/Book43
Return on Capital59
Cash Return on Capital60
Return on Equity80
EBIT Margin79
Gross Profitability63
Cash Conversion31
Accruals97
Owner Earnings Margin60
Sales growth19
Profit Growth88
Long-Term EPS Growth37
Owner Earnings Growth74
Reinvestment37
Price momentum42
Debt load36
Refinancing46
Debt Payback60
Liquidity57
Analyst ratings41
Opinion Changes40
Price Target Upside58
Market mood45
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Telenor generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryNorway
IndustryDiversified Telecommunication Services
SizeX-Large
TypePublic Company
ExchangeOB
Founded2000
Employees12,339
Websitetelenor.com
ISINNO0010063308
Last UpdateApr 2, 2026
Indices
OBX Index (Norway)
Themes
Network SecurityCloud InfrastructureData Centers and FacilitiesNetwork BackboneOnline PaymentsEnterprise Voip and TelephonyVoIPOptical InfrastructurePublic RelationsTelecommunications

Description

Telenor ASA is a leading provider of technology-driven communication services with a strong presence in the Nordic and Asian markets. The company focuses on delivering innovative solutions that cater to the diverse needs of its customers, ranging fro…

Analysis

Middle-of-the-road

Telenor ASA sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 20.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 7% a year, against analyst forecasts of 3%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
62
2023202420252026

All-time high

62

Jun 2026

All-time low

3

Jan 2023

Average rank

28

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
26
17
16
36
Price/Earnings
52
31
24
49
Price/Book
43
23
21
12
Dividend Yield
79
74
82
82
Value (overall)
54
33
34
24

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →