Tele2 ABTLTZF 64 PB Ratio is 3.91 as of Jun. 29, 2026, which is 39% above its 10-year median of 2.82. GuruFocus rates TLTZF with a GF Score™ of 64/100 and a GF Value™ of $11.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 341 Telecommunication Services companies, Tele2 AB ranks worse than 82.7% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-29), Tele2 AB's share price is $17.425. Tele2 AB's Book Value per Share for the quarter that ended in Mar. 2026 was $4.45. Hence, Tele2 AB's PB Ratio of today is 3.91.
Good Sign:
Tele2 AB stock PB Ratio (=4.25) is close to 1-year low of 4.18.
The historical rank and industry rank for Tele2 AB's PB Ratio or its related term are showing as below:
TLTZF'
s PB Ratio Range Over the Past 10 Years
Min: 1.73 Med: 2.82 Max: 5.96
Current: 4.25
During the past 13 years, Tele2 AB's highest PB Ratio was 5.96. The lowest was 1.73. And the median was 2.82.
TLTZF's PB Ratio is ranked worse than 82.7% of 341
companies
in the Telecommunication Services industry
Industry Median: 1.89
vs TLTZF: 4.25
During the past 12 months, Tele2 AB's average Book Value Per Share Growth Rate was 25.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -8.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tele2 AB was 103.00% per year. The lowest was -41.50% per year. And the median was -3.30% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Tele2 AB PB Ratio Related Terms
Tele2 AB PB Ratio Historical Data
* Premium members only.
The historical data trend for Tele2 AB's PB 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.
For the Telecom Services subindustry, Tele2 AB's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tele2 AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tele2 AB's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Tele2 AB's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Tele2 AB (TLTZF) has a PB Ratio of 3.91 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tele2 AB and its competitors. This is 39% above median its historical median of 2.82. Over the past decade, Tele2 AB's PB Ratio has ranged from 1.73 to 5.96. According to the industry distribution chart, Tele2 AB ranks #282 out of 341 companies in the Telecommunication Services industry, placing it in the top 82.7%.
Is Tele2 AB's PB Ratio too high?
Tele2 AB's current PB Ratio of 3.91 is 39% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 5.96. The Telecommunication Services industry median PB Ratio is 1.89. Tele2 AB's value of 3.91 is 106.9% above this industry median. Based on the distribution chart, Tele2 AB ranks #282 out of 341 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Tele2 AB has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele2 AB's PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Tele2 AB ranks #282 out of 341 companies for PB Ratio. This places Tele2 AB in the lower half of its industry. The industry median PB Ratio is 1.89. Tele2 AB's value of 3.91 is 106.9% above this benchmark. Historically, Tele2 AB's own PB Ratio has ranged from 1.73 to 5.96 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 1.89, Tele2 AB 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 PB Ratio for a Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.89, based on 341 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tele2 AB's current PB Ratio of 3.91 is 106.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tele2 AB and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tele2 AB's current PB Ratio is 3.91, which is 39% above median its own 10-year median of 2.82. 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 $11.45, compared to a current price of $17.43 — trading 52.2% above its estimated fair value. The current PB Ratio is 3.91, which is 39% above median its 10-year median of 2.82 and 106.9% above the Telecommunication Services industry median of 1.89. Tele2 AB's overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Tele2 AB (TLTZF), the current PB Ratio is 3.91 as of Jun. 29, 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 52.2% above its estimated GF Value™ of $11.45.
GuruFocus considers Tele2 AB to be Significantly Overvalued.
Key valuation signals for TLTZF:
PB Ratio: 3.91 (39% above median its 10-year median of 2.82)
GF Value™: $11.45 vs. price of $17.43 (52.2% above fair value)
Industry Position: 106.9% above the Telecommunication Services median (#282 of 341)
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 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.
64GF Score
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