Telia Company AB (FRA:TLS) Shiller PE Ratio: 198.30 (As of Aug. 21, 2026) — 935% Above Median

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FRA:TLS Telia Company AB FRA:TLS
71 GF Score
Price €3.97
GF Value €3.08
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Telia Company AB Shiller PE Ratio?

Telia Company AB FRA:TLS -0.13% 71 Shiller PE Ratio is 198.30 as of Aug. 21, 2026, which is 935% above its 10-year median of 19.16. GuruFocus rates FRA:TLS with a GF Score™ of 71/100 and a GF Value™ of €3.08 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 217 Telecommunication Services companies, Telia Company AB ranks worse than 98.62% on this metric.

As of today (2026-08-21), Telia Company AB's current share price is €3.966. Telia Company AB's E10 for the quarter that ended in Jun. 2026 was €0.02. Telia Company AB's Shiller PE Ratio for today is 198.30.

The historical rank and industry rank for Telia Company AB's Shiller PE Ratio or its related term are showing as below:

FRA:TLS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.82   Med: 19.16   Max: 258.4
Current: 206.97

During the past years, Telia Company AB's highest Shiller PE Ratio was 258.40. The lowest was 9.82. And the median was 19.16.

FRA:TLS's Shiller PE Ratio is ranked worse than
98.62% of 217 companies
in the Telecommunication Services industry
Industry Median: 17.66 vs FRA:TLS: 206.97

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

Telia Company AB's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.052. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.02 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telia Company AB  (FRA:TLS) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Telia Company AB Shiller PE Ratio Related Terms


Telia Company AB Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Telia Company AB's Shiller PE 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.

Telia Company AB Shiller PE Ratio Chart

Telia Company AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.56 24.27 36.71 69.34 145.44

Telia Company AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 116.17 170.27 145.44 243.92 222.32

FRA:TLS vs VZ, TMUS, T: Shiller PE Ratio Comparison

For the Telecom Services subindustry, Telia Company 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.


Telia Company AB Shiller PE Ratio vs Telecommunication Services Industry

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

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


FRA:TLS
71GF Score
Telia Company AB FRA:TLS
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telia Company AB Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

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

Telia Company AB's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=3.966/0.02
=198.30

* 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.

Telia Company AB's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Telia Company AB'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)
=0.052/134.6100*134.6100
=0.052

Current CPI (Jun. 2026) = 134.6100.

Telia Company AB Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 -0.212 101.138 -0.282
201612 0.174 102.022 0.230
201703 0.167 102.022 0.220
201706 -0.007 102.752 -0.009
201709 0.056 103.279 0.073
201712 0.018 103.793 0.023
201803 -0.016 103.962 -0.021
201806 0.049 104.875 0.063
201809 0.063 105.679 0.080
201812 -0.024 105.912 -0.031
201903 0.041 105.886 0.052
201906 0.036 106.742 0.045
201909 0.053 107.214 0.067
201912 0.031 107.766 0.039
202003 0.025 106.563 0.032
202006 -0.048 107.498 -0.060
202009 0.059 107.635 0.074
202012 -0.591 108.296 -0.735
202103 0.023 108.360 0.029
202106 0.195 108.928 0.241
202109 0.038 110.338 0.046
202112 0.027 112.486 0.032
202203 0.022 114.825 0.026
202206 0.035 118.384 0.040
202209 0.039 122.296 0.043
202212 -0.423 126.365 -0.451
202303 0.013 127.042 0.014
202306 0.016 129.407 0.017
202309 0.039 130.224 0.040
202312 -0.065 131.912 -0.066
202403 0.013 132.205 0.013
202406 0.105 132.716 0.106
202409 0.052 132.304 0.053
202412 -0.011 132.987 -0.011
202503 0.012 132.825 0.012
202506 0.045 133.699 0.045
202509 0.055 133.480 0.055
202512 -0.030 133.390 -0.030
202603 0.039 133.560 0.039
202606 0.052 134.610 0.052

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

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 198.30 mean?
Telia Company AB (FRA:TLS) has a Shiller PE Ratio of 198.30 as of Aug. 21, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Telia Company AB and its competitors. This is 935% above median its historical median of 19.16. Over the past decade, Telia Company AB's Shiller PE Ratio has ranged from 9.82 to 258.40. According to the industry distribution chart, Telia Company AB ranks #214 out of 217 companies in the Telecommunication Services industry, placing it in the top 98.6%.
Is Telia Company AB's Shiller PE Ratio too high?
Telia Company AB's current Shiller PE Ratio of 198.30 is 935% above median its 10-year median of 19.16. Over the past 10 years, this metric has ranged from a low of 9.82 to a high of 258.40. The Telecommunication Services industry median Shiller PE Ratio is 17.66. Telia Company AB's value of 198.30 is 1022.9% above this industry median. Based on the distribution chart, Telia Company AB ranks #214 out of 217 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telia Company AB has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telia Company AB's Shiller PE Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Telia Company AB ranks #214 out of 217 companies for Shiller PE Ratio. This places Telia Company AB in the lower half of its industry. The industry median Shiller PE Ratio is 17.66. Telia Company AB's value of 198.30 is 1022.9% above this benchmark. Historically, Telia Company AB's own Shiller PE Ratio has ranged from 9.82 to 258.40 over the past decade. While the company's 10-year median is 19.16 vs. the industry median of 17.66, Telia Company 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 Shiller PE Ratio for a Telecommunication Services company?
The median Shiller PE Ratio among Telecommunication Services companies is 17.66, based on 217 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telia Company AB's current Shiller PE Ratio of 198.30 is 1022.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Telia Company AB and its competitors. For the Telecommunication Services industry, the median Shiller PE Ratio is 17.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telia Company AB's current Shiller PE Ratio is 198.30, which is 935% above median its own 10-year median of 19.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telia Company AB stock overvalued right now?
Based on GuruFocus' analysis, Telia Company AB (FRA:TLS) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.08, compared to a current price of €3.97 — trading 28.8% above its estimated fair value. The current Shiller PE Ratio is 198.30, which is 935% above median its 10-year median of 19.16 and 1022.9% above the Telecommunication Services industry median of 17.66. Telia Company AB's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Telia Company AB (FRA:TLS), the current Shiller PE Ratio is 198.30 as of Aug. 21, 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 Telia Company AB (FRA:TLS) Overvalued in 2026?

Based on GuruFocus' analysis, Telia Company AB stock appears to be overvalued. The current stock price of €3.97 is trading 28.8% above its estimated GF Value™ of €3.08. GuruFocus considers Telia Company AB to be Modestly Overvalued.

Key valuation signals for FRA:TLS:

  • Shiller PE Ratio: 198.30 (935% above median its 10-year median of 19.16)
  • GF Value™: €3.08 vs. price of €3.97 (28.8% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 1022.9% above the Telecommunication Services median (#214 of 217)

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


Telia Company AB Business Description

Address Stjarntorget 1, Solna, SWE, 169 94
Telia is the incumbent telecom operator in Sweden. It also operates in Norway, Finland, and the Baltic countries. In the past five years, Telia has been narrowing its business focus, divesting businesses in Asia and focusing on its core markets.
71GF Score

Get the complete analysis for FRA:TLS

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

€3.97
Price
€3.08
GF Value