Telenor ASA (CHIX:TELO) E10: kr0.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:TELO Telenor ASA CHIX:TELO
68 GF Score
Price kr126.15
GF Value kr127.84
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Telenor ASA E10?

Telenor ASA CHIX:TELO -13.51% 68 E10 is kr0.00 as of Jun. 2026. GuruFocus rates CHIX:TELO with a GF Score™ of 68/100 and a GF Value™ of kr127.84 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Telenor ASA's adjusted earnings per share data for the three months ended in Jun. 2026 was kr1.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr0.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Telenor ASA's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 6.80% per year. During the past 5 years, the average E10 Growth Rate was 13.00% per year. During the past 10 years, the average E10 Growth Rate was 6.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Telenor ASA was 18.10% per year. The lowest was -6.30% per year. And the median was 5.05% per year.

As of today (2026-07-17), Telenor ASA's current stock price is kr126.15. Telenor ASA's E10 for the quarter that ended in Jun. 2026 was kr0.00. Telenor ASA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Telenor ASA was 30.38. The lowest was 9.92. And the median was 20.16.


Telenor ASA  (CHIX:TELo) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of Telenor ASA was 30.38. The lowest was 9.92. And the median was 20.16.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Telenor ASA E10 Related Terms


Telenor ASA E10 Historical Data

* Premium members only.

The historical data trend for Telenor ASA's E10 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.

Telenor ASA E10 Chart

Telenor ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.67 9.43 10.23 10.74 11.34

Telenor ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 10.68 11.41 11.34 11.91 0.00

CHIX:TELO vs TMUS, VZ, T: E10 Comparison

For the Telecom Services subindustry, Telenor ASA's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Telecommunication Services Industry

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

* The bar in red indicates where Telenor ASA's Shiller PE Ratio falls into.


CHIX:TELO
68GF Score
Telenor ASA CHIX:TELO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telenor ASA E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Telenor ASA's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.85/141.8500*141.8500
=1.850

Current CPI (Jun. 2026) = 141.8500.

Telenor ASA Quarterly Data

per share eps CPI Adj_EPS
201609 -3.210 104.200 -4.370
201612 1.530 104.400 2.079
201703 2.780 105.000 3.756
201706 -0.110 105.800 -0.147
201709 3.840 105.900 5.144
201712 1.490 106.100 1.992
201803 3.350 107.300 4.429
201806 1.790 108.500 2.340
201809 4.010 109.500 5.195
201812 0.850 109.800 1.098
201903 2.620 110.400 3.366
201906 1.970 110.600 2.527
201909 -0.470 111.100 -0.600
201912 1.250 111.300 1.593
202003 0.490 111.200 0.625
202006 3.140 112.100 3.973
202009 3.230 112.900 4.058
202012 5.480 112.900 6.885
202103 -2.780 114.600 -3.441
202106 1.560 115.300 1.919
202109 1.890 117.500 2.282
202112 0.420 118.900 0.501
202203 4.690 119.800 5.553
202206 -0.800 122.600 -0.926
202209 1.110 125.600 1.254
202212 27.080 125.900 30.511
202303 13.010 127.600 14.463
202306 0.590 130.400 0.642
202309 1.770 129.800 1.934
202312 -5.550 131.900 -5.969
202403 8.350 132.600 8.932
202406 1.830 133.800 1.940
202409 2.390 133.700 2.536
202412 0.700 134.800 0.737
202503 1.600 136.100 1.668
202506 2.720 137.800 2.800
202509 2.210 138.500 2.263
202512 -0.560 139.100 -0.571
202603 6.000 141.030 6.035
202606 1.850 141.850 1.850

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of kr0.00 mean?
Telenor ASA (CHIX:TELO) has a E10 of kr0.00 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Telenor ASA and its competitors.
Is Telenor ASA's E10 too high?
Telenor ASA's current E10 is kr0.00. Overall, Telenor ASA has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telenor ASA's E10 compare to TMUS and VZ?
Telenor ASA's E10 of kr0.00 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 E10 for a Telecommunication Services company?
A good E10 depends on the Telecommunication Services industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Telenor ASA and its competitors. Telenor ASA's current E10 is kr0.00. 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 (CHIX:TELO) is currently considered Fairly Valued. The stock's GF Value™ is kr127.84, compared to a current price of kr126.15 — trading 1.3% below its estimated fair value. The current E10 is kr0.00. Telenor ASA's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Telenor ASA (CHIX:TELO), the current E10 is kr0.00 as of Jun. 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 (CHIX:TELO) Overvalued in 2026?

Based on GuruFocus' analysis, Telenor ASA stock appears to be undervalued. The current stock price of kr126.15 is trading 1.3% below its estimated GF Value™ of kr127.84. GuruFocus considers Telenor ASA to be Fairly Valued.

Key valuation signals for CHIX:TELO:

  • E10: kr0.00
  • GF Value™: kr127.84 vs. price of kr126.15 (1.3% below fair value)
  • GF Score™: 68/100 with 3 warning signs

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


Telenor ASA Business Description

Address Snaroyveien 30, Fornebu, NOR, N-1360
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.
68GF Score

Get the complete analysis for CHIX:TELO

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr126.15
Price
kr127.84
GF Value