Telenor ASATELNF 58 FCF Margin % is 15.40% as of Mar. 2026, which is 22% below its 10-year median of 19.69. GuruFocus rates TELNF with a GF Score™ of 58/100 and a GF Value™ of $14.41 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 367 Telecommunication Services companies, Telenor ASA ranks better than 83.11% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Telenor ASA's Free Cash Flow for the
three
months ended in Mar. 2026 was $290 Mil. Telenor ASA's Revenue for the
three
months ended in Mar. 2026 was $1,884 Mil. Therefore, Telenor ASA's FCF Margin % for the quarter that ended in Mar. 2026 was 15.40%.
The historical rank and industry rank for Telenor ASA's FCF Margin % or its related term are showing as below:
TELNF'
s FCF Margin % Range Over the Past 10 Years
Min: 10.76 Med: 19.69 Max: 25.92
Current: 22.27
During the past 13 years, the highest FCF Margin % of Telenor ASA was 25.92%. The lowest was 10.76%. And the median was 19.69%.
TELNF's FCF Margin % is ranked better than 83.11% of 367
companies
in the Telecommunication Services industry
Industry Median: 8.25
vs TELNF: 22.27
Telenor ASA FCF Margin % Related Terms
Telenor ASA FCF Margin % Historical Data
* Premium members only.
The historical data trend for Telenor ASA's FCF Margin % 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.
For the Telecom Services subindustry, Telenor ASA's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telenor ASA's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Telenor ASA's FCF Margin % falls into.
* 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 (TELNF) has a FCF Margin % of 15.40% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Telenor ASA and its competitors. This is 22% below median its historical median of 19.69. Over the past decade, Telenor ASA's FCF Margin % has ranged from 10.76 to 25.92. According to the industry distribution chart, Telenor ASA ranks #62 out of 367 companies in the Telecommunication Services industry, placing it in the top 16.9%.
Is Telenor ASA's FCF Margin % too high?
Telenor ASA's current FCF Margin % of 15.40% is 22% below median its 10-year median of 19.69. Over the past 10 years, this metric has ranged from a low of 10.76 to a high of 25.92. The Telecommunication Services industry median FCF Margin % is 8.25. Telenor ASA's value of 15.40% is 86.7% above this industry median. Based on the distribution chart, Telenor ASA ranks #62 out of 367 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Telenor ASA has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telenor ASA's FCF Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telenor ASA ranks #62 out of 367 companies for FCF Margin %. This places Telenor ASA in the top 17% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 8.25. Telenor ASA's value of 15.40% is 86.7% above this benchmark. Historically, Telenor ASA's own FCF Margin % has ranged from 10.76 to 25.92 over the past decade. While the company's 10-year median is 19.69 vs. the industry median of 8.25, Telenor ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Telecommunication Services company?
The median FCF Margin % among Telecommunication Services companies is 8.25, based on 367 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telenor ASA's current FCF Margin % of 15.40% is 86.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Telenor ASA and its competitors. For the Telecommunication Services industry, the median FCF Margin % is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telenor ASA's current FCF Margin % is 15.40%, which is 22% below median its own 10-year median of 19.69. 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 (TELNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.41, compared to a current price of $16.11 — trading 11.8% above its estimated fair value. The current FCF Margin % is 15.40%, which is 22% below median its 10-year median of 19.69 and 86.7% above the Telecommunication Services industry median of 8.25. Telenor ASA's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Telenor ASA (TELNF), the current FCF Margin % is 15.40% 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 Telenor ASA (TELNF) Overvalued in 2026?
Based on GuruFocus' analysis, Telenor ASA stock appears to be overvalued.
The current stock price of $16.11 is trading 11.8% above its estimated GF Value™ of $14.41.
GuruFocus considers Telenor ASA to be Modestly Overvalued.
Key valuation signals for TELNF:
FCF Margin %: 15.40% (22% below median its 10-year median of 19.69)
GF Value™: $14.41 vs. price of $16.11 (11.8% above fair value)
Industry Position: 86.7% above the Telecommunication Services median (#62 of 367)
No single metric tells the full story. See the TELNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
58GF Score
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