VEONVEON +0.37%76 Market Cap is $3,585 Mil as of Jun. 27, 2026. GuruFocus rates VEON with a GF Score™ of 76/100 and a GF Value™ of $40.09 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 379 Telecommunication Services companies, VEON ranks better than 74.14% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). VEON's share price for the quarter that ended in Mar. 2026 was $46.3. VEON's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 69 Mil. Therefore, VEON's market cap for the quarter that ended in Mar. 2026 was $3,206 Mil.
VEON's quarterly market cap
declined
from Sep. 2025 ($3,755 Mil) to Dec. 2025 ($3,615 Mil) and
declined
from Dec. 2025 ($3,615 Mil) to Mar. 2026 ($3,206 Mil).
VEON's annual market cap
increased
from Dec. 2023 ($1,384 Mil) to Dec. 2024 ($2,832 Mil) and
increased
from Dec. 2024 ($2,832 Mil) to Dec. 2025 ($3,615 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. VEON's Enterprise Value for Today is $7,220 Mil.
VEON (NAS:VEON) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
VEON Market Cap Related Terms
VEON Market Cap Historical Data
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The historical data trend for VEON's Market Cap 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, VEON's Market Cap, along with its competitors' market caps and Market Cap 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.
VEON Market Cap vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, VEON's Market Cap distribution charts can be found below:
* The bar in red indicates where VEON's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
VEON's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
VEON (VEON) has a Market Cap of $3,585 Mil as of Jun. 27, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on VEON and its competitors. According to the industry distribution chart, VEON ranks #98 out of 379 companies in the Telecommunication Services industry, placing it in the top 25.9%.
Is VEON's Market Cap too high?
VEON's current Market Cap is $3,585 Mil. The Telecommunication Services industry median Market Cap is 481.64. VEON's value of $3,585 Mil is 644.3% above this industry median. Based on the distribution chart, VEON ranks #98 out of 379 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, VEON has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VEON's Market Cap compare to LBTYA and AD?
According to the Telecommunication Services industry distribution chart, VEON ranks #98 out of 379 companies for Market Cap. This puts VEON in the upper half of its industry. The industry median Market Cap is 481.64. VEON's value of $3,585 Mil is 644.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Telecommunication Services company?
The median Market Cap among Telecommunication Services companies is 481.64, based on 379 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VEON's current Market Cap of $3,585 Mil is 644.3% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on VEON and its competitors. For the Telecommunication Services industry, the median Market Cap is 481.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VEON's current Market Cap is $3,585 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VEON stock overvalued right now?
Based on GuruFocus' analysis, VEON (VEON) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.09, compared to a current price of $51.78 — trading 29.2% above its estimated fair value. The current Market Cap is $3,585 Mil and 644.3% above the Telecommunication Services industry median of 481.64. VEON's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For VEON (VEON), the current Market Cap is $3,585 Mil as of Jun. 27, 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 VEON (VEON) Overvalued in 2026?
Based on GuruFocus' analysis, VEON stock appears to be overvalued.
The current stock price of $51.78 is trading 29.2% above its estimated GF Value™ of $40.09.
GuruFocus considers VEON to be Modestly Overvalued.
Key valuation signals for VEON:
Market Cap: $3,585 Mil
GF Value™: $40.09 vs. price of $51.78 (29.2% above fair value)
Industry Position: 644.3% above the Telecommunication Services median (#98 of 379)
No single metric tells the full story. See the VEON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. Its telecommunications and digital services include voice, fixed broadband, data and cloud services.
76GF Score
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