Telenor ASAOSTO:TELO -0.97%71 EV-to-FCF is 13.76 as of Jun. 24, 2026, which is 14% below its 10-year median of 15.94. GuruFocus rates OSTO:TELO with a GF Score™ of 71/100 and a GF Value™ of kr128.55 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 253 Telecommunication Services companies, Telenor ASA ranks better than 54.55% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Telenor ASA's Enterprise Value is kr241,699 Mil.
Telenor ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was kr17,563 Mil. Therefore, Telenor ASA's EV-to-FCF for today is 13.76.
The historical rank and industry rank for Telenor ASA's EV-to-FCF or its related term are showing as below:
OSTO:TELo'
s EV-to-FCF Range Over the Past 10 Years
Min: 11.87 Med: 15.94 Max: 39.49
Current: 13.76
During the past 13 years, the highest EV-to-FCF of Telenor ASA was 39.49. The lowest was 11.87. And the median was 15.94.
OSTO:TELo's EV-to-FCF is ranked better than 54.55% of 253
companies
in the Telecommunication Services industry
Industry Median: 15.18
vs OSTO:TELo: 13.76
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Telenor ASA's PE Ratio (TTM) for today is calculated as:
Telenor ASA's share price for today is kr143.40.
Telenor ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr10.370.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Telenor ASA EV-to-FCF Related Terms
Telenor ASA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Telenor ASA's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Telecom Services subindustry, Telenor ASA's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Telenor ASA EV-to-FCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telenor ASA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Telenor ASA's EV-to-FCF falls into.
Telenor ASA's current Enterprise Value is kr241,699 Mil.
Telenor ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr17,563 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Telenor ASA (OSTO:TELO) has a EV-to-FCF of 13.76 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Telenor ASA and its competitors. This is 14% below median its historical median of 15.94. Over the past decade, Telenor ASA's EV-to-FCF has ranged from 11.87 to 39.49. According to the industry distribution chart, Telenor ASA ranks #115 out of 253 companies in the Telecommunication Services industry, placing it in the top 45.5%.
Is Telenor ASA's EV-to-FCF too high?
Telenor ASA's current EV-to-FCF of 13.76 is 14% below median its 10-year median of 15.94. Over the past 10 years, this metric has ranged from a low of 11.87 to a high of 39.49. The Telecommunication Services industry median EV-to-FCF is 15.18. Telenor ASA's value of 13.76 is 9.4% below this industry median. Based on the distribution chart, Telenor ASA ranks #115 out of 253 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telenor ASA has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telenor ASA's EV-to-FCF compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telenor ASA ranks #115 out of 253 companies for EV-to-FCF. This puts Telenor ASA in the upper half of its industry. The industry median EV-to-FCF is 15.18. Telenor ASA's value of 13.76 is 9.4% below this benchmark. Historically, Telenor ASA's own EV-to-FCF has ranged from 11.87 to 39.49 over the past decade. While the company's 10-year median is 15.94 vs. the industry median of 15.18, Telenor ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Telecommunication Services company?
The median EV-to-FCF among Telecommunication Services companies is 15.18, based on 253 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telenor ASA's current EV-to-FCF of 13.76 is 9.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Telenor ASA and its competitors. For the Telecommunication Services industry, the median EV-to-FCF is 15.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telenor ASA's current EV-to-FCF is 13.76, which is 14% below median its own 10-year median of 15.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telenor ASA stock overvalued right now?
Based on GuruFocus' analysis, Telenor ASA (OSTO:TELO) is currently considered Modestly Overvalued. The stock's GF Value™ is kr128.55, compared to a current price of kr143.40 — trading 11.6% above its estimated fair value. The current EV-to-FCF is 13.76, which is 14% below median its 10-year median of 15.94 and 9.4% below the Telecommunication Services industry median of 15.18. Telenor ASA's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Telenor ASA (OSTO:TELO), the current EV-to-FCF is 13.76 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Telenor ASA (OSTO:TELO) Overvalued in 2026?
Based on GuruFocus' analysis, Telenor ASA stock appears to be overvalued.
The current stock price of kr143.40 is trading 11.6% above its estimated GF Value™ of kr128.55.
GuruFocus considers Telenor ASA to be Modestly Overvalued.
Key valuation signals for OSTO:TELO:
EV-to-FCF: 13.76 (14% below median its 10-year median of 15.94)
GF Value™: kr128.55 vs. price of kr143.40 (11.6% above fair value)
Industry Position: 9.4% below the Telecommunication Services median (#115 of 253)
No single metric tells the full story. See the OSTO:TELO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telenor is an international provider of telecommunications 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.
71GF Score
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