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	Apr '26 Apr 1, 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 Cap	232,907	200,723	173,633	161,496	128,190	193,965
Market Cap Growth	14.71%	15.60%	7.51%	25.98%	-33.91%	-5.00%
Enterprise Value	323,125	274,299	253,983	235,127	229,278	299,021
Last Close Price	170.30	146.70	126.90	116.60	91.60	138.60
PE Ratio	21.26	28.54	9.53	11.78	2.85	127.16
Forward PE	16.85	15.06	15.81	16.21	11.85	16.83
PEG Ratio	8.29	-	0.57	-	0.54	36.14
PS Ratio	3.04	2.62	2.30	2.01	1.67	2.00
PB Ratio	3.08	2.85	2.29	2.50	2.13	7.38
P/TBV Ratio	3.31	2.85	2.30	2.51	2.13	7.38
P/FCF Ratio	11.71	10.09	9.36	11.22	6.43	8.50
P/OCF Ratio	7.46	6.43	5.52	5.55	3.27	4.59
EV/Sales Ratio	4.22	3.58	3.36	2.92	2.98	3.08
EV/EBITDA Ratio	9.64	7.77	7.29	6.82	5.29	5.75
EV/EBIT Ratio	16.34	15.26	14.18	13.86	15.14	16.94
EV/FCF Ratio	16.25	13.79	13.69	16.34	11.51	13.10
Debt / Equity Ratio	1.13	1.13	1.06	1.26	1.66	3.68
Debt / EBITDA Ratio	2.82	2.89	2.92	3.04	2.84	2.54
Debt / FCF Ratio	5.10	5.12	5.48	7.28	6.17	5.79
Net Debt / Equity Ratio	1.20	1.20	1.18	1.30	1.87	4.42
Net Debt / EBITDA Ratio	2.34	2.40	2.57	2.42	2.60	2.23
Net Debt / FCF Ratio	4.24	4.26	4.83	5.81	5.66	5.09
Asset Turnover	0.36	0.34	0.34	0.35	0.33	0.40
Inventory Turnover	20.22	19.83	18.90	15.16	11.42	17.80
Quick Ratio	0.67	0.67	0.56	0.80	0.54	0.61
Current Ratio	0.69	0.69	0.59	0.86	0.60	0.71
Return on Equity (ROE)	16.29%	15.62%	25.99%	-4.80%	25.76%	23.11%
Return on Assets (ROA)	6.19%	5.89%	6.74%	-21.86%	8.61%	4.65%
Return on Invested Capital (ROIC)	7.39%	7.03%	8.15%	-26.55%	10.59%	5.92%
Return on Capital Employed (ROCE)	10.54%	10.05%	10.10%	9.48%	8.68%	9.82%
Earnings Yield	3.02%	3.50%	10.50%	8.49%	35.03%	0.79%
FCF Yield	8.54%	9.91%	10.68%	8.91%	15.54%	11.77%
Dividend Yield	5.70%	6.54%	7.49%	8.05%	10.15%	6.49%
Payout Ratio	186.74%	186.74%	71.35%	94.78%	28.98%	824.28%
Buyback Yield / Dilution	0.60%	0.60%	0.80%	0.85%	0.00%	0.59%
Total Shareholder Return	6.29%	7.14%	8.29%	8.90%	10.15%	7.08%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.