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Tele2 Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tele2 and similar public comparables like Mobily, du, Vodafone Idea, TIM and more.
Tele2 Overview
About Tele2
Tele2 is the second-largest telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Swedenβs largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.
Founded
1993
HQ

Employees
4.3K
Website
Sectors
Financials (LTM)
EV
$18B
Tele2 Financials
Tele2 reported last 12-month revenue of $3B and EBITDA of $1B.
In the same LTM period, Tele2 generated $1B in gross profit, $1B in EBITDA, and $532M in net income.
Revenue (LTM)
Tele2 P&L
In the most recent fiscal year, Tele2 reported revenue of $3B and EBITDA of $1B.
Tele2 expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $532M | XXX | $518M | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | β | β | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tele2 Stock Performance
Tele2 has current market cap of $14B, and enterprise value of $18B.
Market Cap Evolution
Tele2's stock price is $20.72.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $14B | 0.0% | XXX | XXX | XXX | $0.75 |
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Start Free TrialTele2 Valuation Multiples
Tele2 trades at 5.2x EV/Revenue multiple, and 11.7x EV/EBITDA.
EV / Revenue (LTM)
Tele2 Financial Valuation Multiples
As of March 10, 2026, Tele2 has market cap of $14B and EV of $18B.
Equity research analysts estimate Tele2's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tele2 has a P/E ratio of 27.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.2x | XXX | XXX | XXX |
| EV/EBITDA | 11.7x | XXX | 11.8x | XXX | XXX | XXX |
| EV/EBIT | 22.7x | XXX | 22.4x | XXX | XXX | XXX |
| EV/Gross Profit | 12.0x | XXX | 12.3x | XXX | XXX | XXX |
| P/E | 27.0x | XXX | 27.7x | XXX | XXX | XXX |
| EV/FCF | 22.2x | XXX | 21.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tele2 Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Tele2 Margins & Growth Rates
Tele2's revenue in the last 12 month declined by (2%).
Tele2's revenue per employee in the last FY averaged $0.8M.
Tele2's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tele2's rule of X is 40% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tele2 Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.8M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 15% | XXX | 14% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tele2 Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mobily | XXX | XXX | XXX | XXX | XXX | XXX |
| du | XXX | XXX | XXX | XXX | XXX | XXX |
| Vodafone Idea | XXX | XXX | XXX | XXX | XXX | XXX |
| TIM | XXX | XXX | XXX | XXX | XXX | XXX |
| TIM Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tele2 M&A Activity
Tele2 acquired XXX companies to date.
Last acquisition by Tele2 was on XXXXXXXX, XXXXX. Tele2 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tele2
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialTele2 Investment Activity
Tele2 invested in XXX companies to date.
Tele2 made its latest investment on XXXXXXXX, XXXXX. Tele2 invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tele2
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tele2
| When was Tele2 founded? | Tele2 was founded in 1993. |
| Where is Tele2 headquartered? | Tele2 is headquartered in Sweden. |
| How many employees does Tele2 have? | As of today, Tele2 has over 4K employees. |
| Who is the CEO of Tele2? | Tele2's CEO is Jean Marc Harion. |
| Is Tele2 publicly listed? | Yes, Tele2 is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Tele2? | Tele2 trades under TEL2 B ticker. |
| When did Tele2 go public? | Tele2 went public in 1996. |
| Who are competitors of Tele2? | Tele2 main competitors are Mobily, du, Vodafone Idea, TIM. |
| What is the current market cap of Tele2? | Tele2's current market cap is $14B. |
| What is the current revenue of Tele2? | Tele2's last 12 months revenue is $3B. |
| What is the current revenue growth of Tele2? | Tele2 revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Tele2? | Current revenue multiple of Tele2 is 5.2x. |
| Is Tele2 profitable? | Yes, Tele2 is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tele2? | Tele2's last 12 months EBITDA is $1B. |
| What is Tele2's EBITDA margin? | Tele2's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of Tele2? | Current EBITDA multiple of Tele2 is 11.7x. |
| What is the current FCF of Tele2? | Tele2's last 12 months FCF is $790M. |
| What is Tele2's FCF margin? | Tele2's last 12 months FCF margin is 24%. |
| What is the current EV/FCF multiple of Tele2? | Current FCF multiple of Tele2 is 22.2x. |
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