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Telenor ASA (OSL:TEL) Cyclically Adjusted Price-to-FCF : 10.48 (As of Jun. 25, 2025)


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What is Telenor ASA Cyclically Adjusted Price-to-FCF?

As of today (2025-06-25), Telenor ASA's current share price is kr155.40. Telenor ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr14.83. Telenor ASA's Cyclically Adjusted Price-to-FCF for today is 10.48.

The historical rank and industry rank for Telenor ASA's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

OSL:TEL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.38   Med: 13.61   Max: 22.12
Current: 10.36

During the past years, Telenor ASA's highest Cyclically Adjusted Price-to-FCF was 22.12. The lowest was 6.38. And the median was 13.61.

OSL:TEL's Cyclically Adjusted Price-to-FCF is ranked better than
62.83% of 191 companies
in the Telecommunication Services industry
Industry Median: 14.74 vs OSL:TEL: 10.36

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Telenor ASA's adjusted free cash flow per share data for the three months ended in Mar. 2025 was kr3.314. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is kr14.83 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telenor ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Telenor ASA's Cyclically Adjusted Price-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.

* Premium members only.

Telenor ASA Cyclically Adjusted Price-to-FCF Chart

Telenor ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.56 10.81 6.35 8.19 8.64

Telenor ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF 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 8.39 8.41 9.47 8.64 10.15

Competitive Comparison of Telenor ASA's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Telenor ASA's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-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's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telenor ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Telenor ASA's Cyclically Adjusted Price-to-FCF falls into.


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Telenor ASA Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Telenor ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=155.40/14.83
=10.48

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Telenor ASA's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.314/136.1000*136.1000
=3.314

Current CPI (Mar. 2025) = 136.1000.

Telenor ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 3.357 100.100 4.564
201509 4.081 100.600 5.521
201512 0.851 100.900 1.148
201603 3.320 102.500 4.408
201606 1.462 103.800 1.917
201609 4.285 104.200 5.597
201612 1.668 104.400 2.174
201703 1.958 105.000 2.538
201706 4.029 105.800 5.183
201709 4.858 105.900 6.243
201712 2.529 106.100 3.244
201803 2.047 107.300 2.596
201806 2.980 108.500 3.738
201809 4.250 109.500 5.282
201812 0.599 109.800 0.742
201903 1.773 110.400 2.186
201906 0.817 110.600 1.005
201909 3.610 111.100 4.422
201912 2.078 111.300 2.541
202003 3.423 111.200 4.189
202006 4.319 112.100 5.244
202009 4.966 112.900 5.986
202012 4.607 112.900 5.554
202103 3.669 114.600 4.357
202106 3.686 115.300 4.351
202109 6.393 117.500 7.405
202112 2.598 118.900 2.974
202203 3.514 119.800 3.992
202206 2.821 122.600 3.132
202209 4.604 125.600 4.989
202212 3.316 125.900 3.585
202303 0.960 127.600 1.024
202306 1.501 130.400 1.567
202309 3.765 129.800 3.948
202312 4.154 131.900 4.286
202403 3.398 132.600 3.488
202406 3.208 133.800 3.263
202409 3.278 133.700 3.337
202412 3.259 134.800 3.290
202503 3.314 136.100 3.314

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Telenor ASA  (OSL:TEL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Telenor ASA Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Telenor ASA's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Telenor ASA Business Description

Address
Snaroyveien 30, Fornebu, NOR, N-1360
Telenor is an international provider of telecommunications, data, and media communication 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.