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Telefónica Valuation Multiples
Discover revenue and EBITDA valuation multiples for Telefónica and similar public comparables like BCE, Telenor, Bouygues, Telefônica Brasil and more.
Telefónica Overview
About Telefónica
Telefonica is a telecom operator with presence in Spain (where it is the incumbent operator), the UK, Germany, Brazil, and Latin American countries. The company derives more than 30% of its revenue from Spain, close to 20% from Germany, and 20% from Brazil. Its UK operations are held through a joint venture with Virgin Media. For several years Telefonica has been simplifying its corporate structure by selling noncore assets.
Founded
1924
HQ

Employees
100.9K
Website
Sectors
Financials (LTM)
EV
$26B
Telefónica Financials
Telefónica reported last 12-month revenue of $41B and EBITDA of $12B.
In the same LTM period, Telefónica generated $29B in gross profit, $12B in EBITDA, and had net loss of ($4B).
Revenue (LTM)
Telefónica P&L
In the most recent fiscal year, Telefónica reported revenue of $48B and EBITDA of $14B.
Telefónica expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $41B | XXX | $48B | XXX | XXX | XXX |
| Gross Profit | $29B | XXX | $33B | XXX | XXX | XXX |
| Gross Margin | 71% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $12B | XXX | $14B | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 30% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | ($4B) | XXX | ($57M) | XXX | XXX | XXX |
| Net Margin | (9%) | XXX | (0%) | XXX | XXX | XXX |
| Net Debt | — | — | $33B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Telefónica Stock Performance
Telefónica has current market cap of $24B, and enterprise value of $26B.
Market Cap Evolution
Telefónica's stock price is $4.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $26B | $24B | (0.2%) | XXX | XXX | XXX | $-0.01 |
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Start Free TrialTelefónica Valuation Multiples
Telefónica trades at 0.6x EV/Revenue multiple, and 2.1x EV/EBITDA.
EV / Revenue (LTM)
Telefónica Financial Valuation Multiples
As of March 7, 2026, Telefónica has market cap of $24B and EV of $26B.
Equity research analysts estimate Telefónica's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Telefónica has a P/E ratio of (6.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 2.1x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBIT | 5.2x | XXX | 4.9x | XXX | XXX | XXX |
| EV/Gross Profit | 0.9x | XXX | 0.8x | XXX | XXX | XXX |
| P/E | (6.5x) | XXX | (428.5x) | XXX | XXX | XXX |
| EV/FCF | 11.7x | XXX | 4.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Telefónica 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.


Telefónica Margins & Growth Rates
Telefónica's revenue in the last 12 month grew by 0%.
Telefónica's revenue per employee in the last FY averaged $0.4M.
Telefónica's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Telefónica's rule of X is 30% (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).
Telefónica Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | (14%) | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | (18%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 59% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Telefónica Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| BCE | XXX | XXX | XXX | XXX | XXX | XXX |
| Telenor | XXX | XXX | XXX | XXX | XXX | XXX |
| Bouygues | XXX | XXX | XXX | XXX | XXX | XXX |
| Telefônica Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
| MTN Group | 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.
Telefónica M&A Activity
Telefónica acquired XXX companies to date.
Last acquisition by Telefónica was on XXXXXXXX, XXXXX. Telefónica acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Telefónica
| 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 |
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Start Free TrialTelefónica Investment Activity
Telefónica invested in XXX companies to date.
Telefónica made its latest investment on XXXXXXXX, XXXXX. Telefónica invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Telefónica
| 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 Telefónica
| When was Telefónica founded? | Telefónica was founded in 1924. |
| Where is Telefónica headquartered? | Telefónica is headquartered in Spain. |
| How many employees does Telefónica have? | As of today, Telefónica has over 100K employees. |
| Is Telefónica publicly listed? | Yes, Telefónica is a public company listed on Bolsa de Madrid. |
| What is the stock symbol of Telefónica? | Telefónica trades under TEF ticker. |
| When did Telefónica go public? | Telefónica went public in 2014. |
| Who are competitors of Telefónica? | Telefónica main competitors are BCE, Telenor, Bouygues, Telefônica Brasil. |
| What is the current market cap of Telefónica? | Telefónica's current market cap is $24B. |
| What is the current revenue of Telefónica? | Telefónica's last 12 months revenue is $41B. |
| What is the current revenue growth of Telefónica? | Telefónica revenue growth (NTM/LTM) is 0%. |
| What is the current EV/Revenue multiple of Telefónica? | Current revenue multiple of Telefónica is 0.6x. |
| Is Telefónica profitable? | Yes, Telefónica is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Telefónica? | Telefónica's last 12 months EBITDA is $12B. |
| What is Telefónica's EBITDA margin? | Telefónica's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of Telefónica? | Current EBITDA multiple of Telefónica is 2.1x. |
| What is the current FCF of Telefónica? | Telefónica's last 12 months FCF is $2B. |
| What is Telefónica's FCF margin? | Telefónica's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Telefónica? | Current FCF multiple of Telefónica is 11.7x. |
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