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Telenor is an international provider of telecom, 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 $7.6B
LTM EBITDA $3.3B
$27.2B
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 of $7.6B and a last 12-month EBITDA of $3.3B.
In the most recent fiscal year, Telenor achieved revenue of $7.6B and an EBITDA of $4.3B.
Telenor expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Telenor valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $7.6B | $7.6B | XXX | XXX | XXX |
| Gross Profit | $6.9B | $5.8B | XXX | XXX | XXX |
| Gross Margin | 90% | 77% | XXX | XXX | XXX |
| EBITDA | $2.1B | $4.3B | XXX | XXX | XXX |
| EBITDA Margin | 27% | 56% | XXX | XXX | XXX |
| Net Profit | $4.2B | $1.3B | XXX | XXX | XXX |
| Net Margin | 56% | 17% | XXX | XXX | XXX |
| Net Debt | $7.3B | $6.2B | XXX | XXX | XXX |
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As of April 15, 2025, Telenor's stock price is NOK 145 (or $14).
Telenor has current market cap of NOK 199B (or $18.8B), and EV of NOK 288B (or $27.2B).
See Telenor trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $27.2B | $18.8B | XXX | XXX | XXX | XXX | $1.18 |
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Sign UpAs of April 15, 2025, Telenor has market cap of $18.8B and EV of $27.2B.
Telenor's trades at 3.6x LTM EV/Revenue multiple, and 8.2x LTM EBITDA.
Analysts estimate Telenor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Telenor and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $27.2B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | XXX | XXX |
| P/E | 10.8x | XXX | XXX | XXX |
| P/E/Growth | -0.8x | XXX | XXX | XXX |
| EV/FCF | 15.9x | XXX | XXX | XXX |
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Sign UpTelenor's NTM/LTM revenue growth is 2%
Telenor's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, Telenor's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Telenor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Telenor and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 56% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 104% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 58% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 55% | XXX | 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 |
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Sign Up| 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 $18.8B |
| What is the current revenue of Telenor? | Telenor's last 12-month revenue is $7.6B. |
| What is the current EBITDA of Telenor? | Telenor's last 12-month EBITDA is $3.3B. |
| What is the current EV/Revenue multiple of Telenor? | Current revenue multiple of Telenor is 3.6x. |
| What is the current EV/EBITDA multiple of Telenor? | Current EBITDA multiple of Telenor is 8.2x. |
| What is the current revenue growth of Telenor? | Telenor revenue growth between 2023 and 2024 was -1%. |
| Is Telenor profitable? | Yes, Telenor is EBITDA-positive (as of the last 12 months). |
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