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Telenor is an international provider of telecommunications, data, and media communication services. It is the incumbent dominant telecom operator in Norway and the Norwegian government holds a stake of more than 50% in the firm. Telenor also operates in other Nordic countries like Sweden, Denmark, and Finland, and owns several businesses in Asia. Most of Telenor's operations are mobile businesses, although it also has some fixed-line operations in Nordic European countries.
1855
11.3K+
LTM Revenue $7.9B
LTM EBITDA $3.4B
$29.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Telenor has a last 12-month revenue (LTM) of $7.9B and a last 12-month EBITDA of $3.4B.
In the most recent fiscal year, Telenor achieved revenue of $7.8B and an EBITDA of $4.4B.
Telenor expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Telenor valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $7.9B | XXX | $7.8B | XXX | XXX | XXX |
| Gross Profit | $6.1B | XXX | $6.1B | XXX | XXX | XXX |
| Gross Margin | 78% | XXX | 78% | XXX | XXX | XXX |
| EBITDA | $3.4B | XXX | $4.4B | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 56% | XXX | XXX | XXX |
| EBIT | $1.8B | XXX | $1.8B | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $1.6B | XXX | $1.8B | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $7.0B | XXX | XXX | XXX |
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As of May 30, 2025, Telenor's stock price is NOK 157 (or $15).
Telenor has current market cap of NOK 214B (or $20.9B), and EV of NOK 298B (or $29.2B).
See Telenor trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29.2B | $20.9B | XXX | XXX | XXX | XXX | $1.15 |
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Start Free TrialAs of May 30, 2025, Telenor has market cap of $20.9B and EV of $29.2B.
Telenor's trades at 3.7x EV/Revenue multiple, and 6.6x EV/EBITDA.
Equity research analysts estimate Telenor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Telenor has a P/E ratio of 13.4x.
See valuation multiples for Telenor and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $20.9B | XXX | $20.9B | XXX | XXX | XXX |
| EV (current) | $29.2B | XXX | $29.2B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.5x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBIT | 16.2x | XXX | 16.5x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 13.4x | XXX | 11.7x | XXX | XXX | XXX |
| EV/FCF | 20.3x | XXX | 16.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTelenor's last 12 month revenue growth is 1%
Telenor's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.4M for the same period.
Telenor's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Telenor's rule of X is 47% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Telenor and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 56% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 27% | XXX | XXX | XXX |
| Rule of 40 | 29% | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 47% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 55% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| KPN | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Telenor acquired XXX companies to date.
Last acquisition by Telenor was XXXXXXXX, XXXXX XXXXX XXXXXX . Telenor acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Telenor founded? | Telenor was founded in 1855. |
| Where is Telenor headquartered? | Telenor is headquartered in Norway. |
| How many employees does Telenor have? | As of today, Telenor has 11.3K+ employees. |
| Is Telenor publicy listed? | Yes, Telenor is a public company listed on OSL. |
| What is the stock symbol of Telenor? | Telenor trades under TEL ticker. |
| When did Telenor go public? | Telenor went public in 2000. |
| Who are competitors of Telenor? | Similar companies to Telenor include e.g. , e&, Space42, Jordan Telecom. |
| What is the current market cap of Telenor? | Telenor's current market cap is $20.9B |
| What is the current revenue of Telenor? | Telenor's last 12 months revenue is $7.9B. |
| What is the current revenue growth of Telenor? | Telenor revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Telenor? | Current revenue multiple of Telenor is 3.7x. |
| Is Telenor profitable? | Yes, Telenor is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Telenor? | Telenor's last 12 months EBITDA is $3.4B. |
| What is Telenor's EBITDA margin? | Telenor's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of Telenor? | Current EBITDA multiple of Telenor is 8.5x. |
| What is the current FCF of Telenor? | Telenor's last 12 months FCF is $1.4B. |
| What is Telenor's FCF margin? | Telenor's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Telenor? | Current FCF multiple of Telenor is 20.3x. |
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