TPG Telecom (ASX:TPG) Shares Outstanding (EOP): 1,963 Mil (As of Dec. 2025)


ASX:TPG TPG Telecom Ltd ASX:TPG
66 GF Score
Price A$3.61
GF Value A$4.52
Valuation Modestly Undervalued
! 6 Warning Signs
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What is TPG Telecom Shares Outstanding (EOP)?

TPG Telecom ASX:TPG 66 Shares Outstanding (EOP) is 1,963 Mil as of Dec. 2025. GuruFocus rates ASX:TPG with a GF Score™ of 66/100 and a GF Value™ of A$4.52 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. TPG Telecom's shares outstanding for the quarter that ended in Dec. 2025 was 1,963 Mil.

TPG Telecom's quarterly shares outstanding increased from Jun. 2025 (1,859 Mil) to Dec. 2025 (1,963 Mil). It means TPG Telecom issued new shares from Jun. 2025 to Dec. 2025 .

TPG Telecom's annual shares outstanding increased from Dec. 2024 (1,859 Mil) to Dec. 2025 (1,963 Mil). It means TPG Telecom issued new shares from Dec. 2024 to Dec. 2025 .


TPG Telecom  (ASX:TPG) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


TPG Telecom Shares Outstanding (EOP) Related Terms


TPG Telecom Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for TPG Telecom's Shares Outstanding (EOP) 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.

TPG Telecom Shares Outstanding (EOP) Chart

TPG Telecom Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (EOP)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,859.34 1,859.34 1,859.34 1,859.34 1,963.03

TPG Telecom Semi-Annual Data
Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,859.34 1,859.34 1,859.34 1,859.34 1,963.03

ASX:TPG vs TMUS, VZ, T: Shares Outstanding (EOP) Comparison

For the Telecom Services subindustry, TPG Telecom's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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.


TPG Telecom Shares Outstanding (EOP) vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TPG Telecom's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where TPG Telecom's Shares Outstanding (EOP) falls into.


ASX:TPG
66GF Score
TPG Telecom Ltd ASX:TPG
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
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TPG Telecom Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 1,963 Mil mean?
TPG Telecom (ASX:TPG) has a Shares Outstanding (EOP) of 1,963 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on TPG Telecom and its competitors.
Is TPG Telecom's Shares Outstanding (EOP) too high?
TPG Telecom's current Shares Outstanding (EOP) is 1,963 Mil. Overall, TPG Telecom has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPG Telecom's Shares Outstanding (EOP) compare to TMUS and VZ?
TPG Telecom's Shares Outstanding (EOP) of 1,963 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Telecommunication Services company?
A good Shares Outstanding (EOP) depends on the Telecommunication Services industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on TPG Telecom and its competitors. TPG Telecom's current Shares Outstanding (EOP) is 1,963 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG Telecom stock overvalued right now?
Based on GuruFocus' analysis, TPG Telecom (ASX:TPG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$4.52, compared to a current price of A$3.61 — trading 20.1% below its estimated fair value. The current Shares Outstanding (EOP) is 1,963 Mil. TPG Telecom's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For TPG Telecom (ASX:TPG), the current Shares Outstanding (EOP) is 1,963 Mil as of Dec. 2025. 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 TPG Telecom (ASX:TPG) Overvalued in 2026?

Based on GuruFocus' analysis, TPG Telecom stock appears to be undervalued. The current stock price of A$3.61 is trading 20.1% below its estimated GF Value™ of A$4.52. GuruFocus considers TPG Telecom to be Modestly Undervalued.

Key valuation signals for ASX:TPG:

  • Shares Outstanding (EOP): 1,963 Mil
  • GF Value™: A$4.52 vs. price of A$3.61 (20.1% below fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the ASX:TPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TPG Telecom Business Description

Other Exchanges TPGTF:USA
Address 200 Barangaroo Avenue, Level 27, Tower Two, International Towers Sydney, Barangaroo, NSW, AUS, 2000
TPG Telecom is Australia's third-largest telecom services company. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.
66GF Score

Get the complete analysis for ASX:TPG

Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$3.61
Price
A$4.52
GF Value