profit from every NOK 100 of sales.
NOK 0NOK 100
Telenor
NOK 136.20+0.67% today
-6.1% in 1 year
1-year low NOK 124.201-year high NOK 177.10
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay NOK 26.23 for every NOK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Telenor sold, what it kept, and what it did with the cash.
Sales went from NOK 76.9 billion in 2022 to NOK 76.5 billion in 2025, with NOK 7.03 billion of profit last year.
SalesProfit
Telenor handed back 69% of the cash it generated last year.
NOK 13.1B
Free cash flow 2025NOK 19.3B
Bought back its own sharesNOK 195M
Paid as dividendsNOK 13.1B
Cash vs. debtNOK 16.3B vs. NOK 100.7B
Telenor vs. similar companies
Telenor grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| Telenor | 26.2× · Fair price | ||
 China Mobile | 15.8× · Fair price | ||
 Verizon | 11.2× · Cheap | ||
 T-Mobile US | 16.6× · Fair price | ||
 AT&T | 6.8× · Cheap |
AI analysis
An AI analyst reads Telenor's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 76,877 | 80,452 | 75,487 | 76,548 | |
| 59,059 | 61,395 | 58,174 | 59,305 | |
| 16,711 | 18,027 | 17,294 | 18,151 | |
| 39,394 | 22,035 | 44,273 | 37,293 | |
| 44,913 | 13,734 | 18,336 | 7,034 | |
| 32.09 | 9.90 | 13.32 | 5.14 | |
| 76.8% | 76.3% | 77.1% | 77.5% | |
| 21.7% | 22.4% | 22.9% | 23.7% | |
| 58.4% | 17.1% | 24.3% | 9.2% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 239,249 | 218,377 | 228,808 | 221,651 |
| Cash | 9,929 | 19,190 | 10,369 | 16,326 |
| Total debt | 118,524 | 102,193 | 99,889 | 100,652 |
| Total liabilities | 174,877 | 147,949 | 147,042 | 146,028 |
| 60,135 | 64,477 | 75,849 | 70,473 | |
| 1,399 | 1,388 | 1,376 | 1,368 | |
| 4.9% | 2.1% | 12.1% | 9.1% | |
| 74.7% | 21.3% | 24.2% | 10.0% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 39,222 | 29,120 | 31,481 | 31,222 | |
| 19,298 | 14,728 | 13,383 | 11,928 | |
| 19,924 | 14,392 | 18,098 | 19,294 | |
| Dividends paid | 13,015 | 13,017 | 13,082 | 13,135 |
| 27 | 1,719 | 1,971 | 195 | |
| – | – | – | – |
Valuation
- 26.2×
- –
- –
- 2.9×
- 2.4×
- 9.6×
- 7.2×
- 10.5%
- 3.8%
- 7.1%
Profitability
- 77.5%
- 23.7%
- 9.2%
- –
- 9.1%
- 7.1%
- –
- –
- –
- –
Growth
- −0.1%
- −45.7%
- –
- –
- −0.7%
Financial health
- 2.3×
- 1.43
- –
- 6.0×
- 0.69
- –
- –
How it ranks in Communication Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 39%of 435
Top 20%of 437
Bottom 38%of 346
Bottom 24%of 439
Top 24%of 439
7.1%of the share price, paid each year
On $1,000 invested$71a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
186.7% of its profit
Room to growStretchedMore than it earns: 68.1%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
56No pass
Benjamin Graham
39No pass
Philip Fisher
50No pass
Peter Lynch
19No pass
Joel Greenblatt
37No pass
Charlie Munger
48No pass
Terry Smith
51No pass
Questions about Telenor
Is Telenor a good stock to buy?
A solid business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Telenor AI analysis
What does Telenor do?
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. It is in Telecom Services, based in Fornebu, Norway, with 9,819 employees.
Does Telenor pay a dividend?
Yes. At today's price the dividend is 7.1% a year, about 187% of its yearly profit. In 2025 it paid out NOK 13.1 billion in dividends.
Is Telenor stock halal?
No. Telenor does not pass our halal screen: its debt is 55% of its market value, at or above the 33% limit. How we check
How has Telenor stock done over the past year?
Down 6.1% over the past twelve months, to NOK 136.20. It traded between NOK 124.20 and NOK 177.10 and is 23.1% below its high.
Who are Telenor's competitors?
The largest listed companies in the same industry are China Mobile, Verizon, T-Mobile US and AT&T. The peers table on this page compares their profit, growth and price with Telenor's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.