TLTZF (Tele2 AB) E10: $0.66 (As of Mar. 2026)


TLTZF Tele2 AB TLTZF
68 GF Score
Price $17.43
GF Value $12.53
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Tele2 AB E10?

Tele2 AB TLTZF 68 E10 is $0.66 as of Mar. 2026. GuruFocus rates TLTZF with a GF Score™ of 68/100 and a GF Value™ of $12.53 (Significantly Overvalued). The stock has 2 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.

Tele2 AB's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.983. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.66 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tele2 AB's average E10 Growth Rate was 23.50% per year. During the past 3 years, the average E10 Growth Rate was -15.10% per year. During the past 5 years, the average E10 Growth Rate was -9.60% per year. During the past 10 years, the average E10 Growth Rate was -7.40% 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 Tele2 AB was 27.60% per year. The lowest was -15.10% per year. And the median was -5.10% per year.

As of today (2026-06-25), Tele2 AB's current stock price is $17.425. Tele2 AB's E10 for the quarter that ended in Mar. 2026 was $0.66. Tele2 AB's Shiller PE Ratio of today is 26.40.

During the past 13 years, the highest Shiller PE Ratio of Tele2 AB was 35.91. The lowest was 5.77. And the median was 15.02.


Tele2 AB  (OTCPK:TLTZF) 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.

Tele2 AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17.425/0.66
=26.40

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Tele2 AB was 35.91. The lowest was 5.77. And the median was 15.02.


Be Aware

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


Tele2 AB E10 Related Terms


Tele2 AB E10 Historical Data

* Premium members only.

The historical data trend for Tele2 AB'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.

Tele2 AB E10 Chart

Tele2 AB 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 0.84 0.84 0.52 0.58 0.58

Tele2 AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.49 0.52 0.52 0.58 0.66

TLTZF vs TMUS, VZ, T: E10 Comparison

For the Telecom Services subindustry, Tele2 AB'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.


Tele2 AB Shiller PE Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Tele2 AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tele2 AB's Shiller PE Ratio falls into.


TLTZF
68GF Score
Tele2 AB TLTZF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Tele2 AB 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, Tele2 AB's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.983/133.3862*133.3862
=0.983

Current CPI (Mar. 2026) = 133.3862.

Tele2 AB Quarterly Data

per share eps CPI Adj_EPS
201606 0.010 101.019 0.013
201609 -0.592 101.138 -0.781
201612 -0.020 102.022 -0.026
201703 0.092 102.022 0.120
201706 0.061 102.752 0.079
201709 0.139 103.279 0.180
201712 -0.248 103.793 -0.319
201803 0.083 103.962 0.106
201806 0.092 104.875 0.117
201809 0.111 105.679 0.140
201812 -0.099 105.912 -0.125
201903 0.151 105.886 0.190
201906 0.317 106.742 0.396
201909 0.155 107.214 0.193
201912 0.144 107.766 0.178
202003 0.174 106.563 0.218
202006 0.139 107.498 0.172
202009 0.199 107.635 0.247
202012 0.711 108.296 0.876
202103 0.146 108.360 0.180
202106 0.235 108.928 0.288
202109 0.187 110.338 0.226
202112 0.151 112.486 0.179
202203 0.373 114.825 0.433
202206 0.122 118.384 0.137
202209 0.131 122.296 0.143
202212 0.174 126.365 0.184
202303 0.116 127.042 0.122
202306 0.119 129.407 0.123
202309 0.138 130.224 0.141
202312 0.131 131.912 0.132
202403 0.115 132.205 0.116
202406 0.132 132.716 0.133
202409 0.155 132.304 0.156
202412 0.127 132.987 0.127
202503 0.124 132.825 0.125
202506 0.180 133.699 0.180
202509 0.197 133.482 0.197
202512 0.189 133.386 0.189
202603 0.983 133.386 0.983

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 $0.66 mean?
Tele2 AB (TLTZF) has a E10 of $0.66 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tele2 AB and its competitors.
Is Tele2 AB's E10 too high?
Tele2 AB's current E10 is $0.66. Overall, Tele2 AB has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele2 AB's E10 compare to TMUS and VZ?
Tele2 AB's E10 of $0.66 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 Tele2 AB and its competitors. Tele2 AB's current E10 is $0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tele2 AB stock overvalued right now?
Based on GuruFocus' analysis, Tele2 AB (TLTZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.53, compared to a current price of $17.43 — trading 39.1% above its estimated fair value. The current E10 is $0.66. Tele2 AB's overall GF Score™ is 68/100 with 2 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 Tele2 AB (TLTZF), the current E10 is $0.66 as of Mar. 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 Tele2 AB (TLTZF) Overvalued in 2026?

Based on GuruFocus' analysis, Tele2 AB stock appears to be overvalued. The current stock price of $17.43 is trading 39.1% above its estimated GF Value™ of $12.53. GuruFocus considers Tele2 AB to be Significantly Overvalued.

Key valuation signals for TLTZF:

  • E10: $0.66
  • GF Value™: $12.53 vs. price of $17.43 (39.1% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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


Tele2 AB Business Description

Address Torshamnsgatan 17, P.O. Box 462, Kista, Stockholm, SWE, 164 40
Tele2 is the second-largest telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.
68GF Score

Get the complete analysis for TLTZF

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

$17.43
Price
$12.53
GF Value