Telenor ASA Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 11, 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	25,450	19,890	15,279	15,918	13,007	22,016
Market Cap Growth	56.61%	30.18%	-4.02%	22.38%	-40.92%	-6.25%
Enterprise Value	35,009	29,203	23,385	24,962	25,710	35,533
Last Close Price	18.71	14.61	10.70	10.50	8.00	12.65
PE Ratio	31.34	24.49	9.47	11.75	2.85	126.94
PS Ratio	3.35	2.62	2.17	2.01	1.67	2.00
PB Ratio	3.34	2.61	2.12	2.29	1.99	6.16
P/TBV Ratio	7.24	5.66	4.34	5.39	5.54	-
P/FCF Ratio	12.90	10.08	9.59	11.22	6.43	8.50
P/OCF Ratio	8.22	6.42	5.51	5.54	3.27	4.59
EV/Sales Ratio	4.34	3.85	3.32	3.15	3.30	3.22
EV/EBITDA Ratio	8.97	8.30	9.88	9.55	9.53	9.56
EV/EBIT Ratio	16.85	16.22	14.69	14.33	15.37	16.13
EV/FCF Ratio	17.75	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	3.19%	4.08%	10.56%	8.51%	35.05%	0.79%
FCF Yield	7.75%	9.92%	10.43%	8.92%	15.55%	11.77%
Dividend Yield	3.60%	6.59%	7.90%	8.92%	11.92%	8.35%
Payout Ratio	160.46%	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	4.14%	7.13%	8.70%	9.77%	11.92%	8.94%

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