Telenor ASA Ratios and Metrics

Market cap in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 18, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	240,947	200,507	173,578	161,417	128,146	193,965
Market Cap Growth	27.46%	15.52%	7.53%	25.96%	-33.93%	-3.64%
Enterprise Value	331,615	294,384	265,673	253,127	253,293	313,042
Last Close Price	176.30	146.70	119.57	102.15	74.33	103.48
PE Ratio	22.14	24.49	9.47	11.75	2.85	126.94
Forward PE	17.56	15.06	15.81	16.21	11.85	16.83
PS Ratio	3.15	2.62	2.17	2.01	1.67	2.00
PB Ratio	3.14	2.61	2.12	2.29	1.99	6.16
P/TBV Ratio	6.80	5.66	4.34	5.39	5.54	-
P/FCF Ratio	12.12	10.08	9.59	11.22	6.43	8.50
P/OCF Ratio	7.72	6.42	5.51	5.54	3.27	4.59
PEG Ratio	4.92	-	0.57	-	0.54	36.14
EV/Sales Ratio	4.33	3.85	3.32	3.15	3.30	3.22
EV/EBITDA Ratio	8.96	8.30	9.88	9.55	9.53	9.56
EV/EBIT Ratio	16.82	16.22	14.69	14.33	15.37	16.13
EV/FCF Ratio	16.68	14.81	14.68	17.59	12.71	13.72
Debt / Equity Ratio	1.33	1.33	1.24	1.50	1.92	4.22
Debt / EBITDA Ratio	2.87	2.87	3.14	3.32	3.94	3.30
Debt / FCF Ratio	5.12	5.12	5.62	7.32	6.20	5.82
Net Debt / Equity Ratio	1.11	1.11	1.11	1.21	1.76	3.72
Net Debt / EBITDA Ratio	2.41	2.41	3.38	3.23	4.26	3.58
Net Debt / FCF Ratio	4.30	4.30	5.02	5.94	5.69	5.13
Asset Turnover	0.34	0.34	0.36	0.35	0.33	0.40
Inventory Turnover	31.12	31.12	29.75	22.77	17.14	24.05
Quick Ratio	0.67	0.67	0.51	0.75	0.51	0.55
Current Ratio	0.71	0.71	0.59	0.86	0.60	0.71
Return on Equity (ROE)	15.43%	15.43%	26.77%	-4.80%	25.76%	23.11%
Return on Assets (ROA)	5.04%	5.04%	5.05%	4.83%	4.43%	5.03%
Return on Invested Capital (ROIC)	8.28%	7.99%	9.31%	-31.24%	10.10%	7.63%
Return on Capital Employed (ROCE)	10.30%	10.30%	9.90%	10.20%	8.90%	11.90%
Earnings Yield	3.40%	4.08%	10.56%	8.51%	35.05%	0.79%
FCF Yield	8.25%	9.92%	10.43%	8.92%	15.55%	11.77%
Dividend Yield	5.50%	6.61%	8.03%	9.30%	12.65%	8.99%
Payout Ratio	160.54%	160.46%	71.35%	94.78%	28.98%	824.28%
Buyback Yield / Dilution	0.55%	0.55%	0.80%	0.85%	-	0.59%
Total Shareholder Return	6.03%	7.16%	8.83%	10.15%	12.65%	9.58%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.