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Telenor ASA (OSL:TEL) Cyclically Adjusted PS Ratio : 1.83 (As of Jun. 01, 2025)


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What is Telenor ASA Cyclically Adjusted PS Ratio?

As of today (2025-06-01), Telenor ASA's current share price is kr156.60. Telenor ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was kr85.77. Telenor ASA's Cyclically Adjusted PS Ratio for today is 1.83.

The historical rank and industry rank for Telenor ASA's Cyclically Adjusted PS Ratio or its related term are showing as below:

OSL:TEL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.84   Max: 2.78
Current: 1.83

During the past years, Telenor ASA's highest Cyclically Adjusted PS Ratio was 2.78. The lowest was 1.01. And the median was 1.84.

OSL:TEL's Cyclically Adjusted PS Ratio is ranked worse than
63.83% of 282 companies
in the Telecommunication Services industry
Industry Median: 1.155 vs OSL:TEL: 1.83

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Telenor ASA's adjusted revenue per share data for the three months ended in Mar. 2025 was kr14.404. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr85.77 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telenor ASA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Telenor ASA's Cyclically Adjusted PS Ratio 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 PS Ratio Chart

Telenor ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.78 1.62 1.05 1.32 1.47

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 PS Ratio 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 1.37 1.38 1.55 1.47 1.75

Competitive Comparison of Telenor ASA's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, Telenor ASA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telenor ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Telenor ASA's Cyclically Adjusted PS Ratio falls into.


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Telenor ASA Cyclically Adjusted PS Ratio Calculation

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

Telenor ASA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=156.60/85.77
=1.83

* 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 Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=14.404/136.1000*136.1000
=14.404

Current CPI (Mar. 2025) = 136.1000.

Telenor ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 20.901 100.100 28.418
201509 21.224 100.600 28.714
201512 22.286 100.900 30.061
201603 20.942 102.500 27.807
201606 20.599 103.800 27.009
201609 20.807 104.200 27.177
201612 21.792 104.400 28.409
201703 18.406 105.000 23.858
201706 18.662 105.800 24.007
201709 18.321 105.900 23.546
201712 19.179 106.100 24.602
201803 18.220 107.300 23.110
201806 18.613 108.500 23.348
201809 18.796 109.500 23.362
201812 16.243 109.800 20.134
201903 18.226 110.400 22.469
201906 18.567 110.600 22.848
201909 19.675 111.100 24.102
201912 22.285 111.300 27.251
202003 21.729 111.200 26.595
202006 20.549 112.100 24.948
202009 20.269 112.900 24.434
202012 20.978 112.900 25.289
202103 19.671 114.600 23.361
202106 19.363 115.300 22.856
202109 19.609 117.500 22.713
202112 10.918 118.900 12.497
202203 13.157 119.800 14.947
202206 13.834 122.600 15.357
202209 13.996 125.600 15.166
202212 14.022 125.900 15.158
202303 13.756 127.600 14.672
202306 14.534 130.400 15.169
202309 14.520 129.800 15.225
202312 15.122 131.900 15.604
202403 14.048 132.600 14.419
202406 14.363 133.800 14.610
202409 14.636 133.700 14.899
202412 15.005 134.800 15.150
202503 14.404 136.100 14.404

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Telenor ASA Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Telenor ASA's Cyclically Adjusted PS Ratio 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.