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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Telenor ASA's Revenue for the
three
months ended in Jun. 2026 was kr18,135 Mil. Telenor ASA's Total Assets for the quarter that ended in Jun. 2026 was kr213,777 Mil. Therefore, Telenor ASA's Asset Turnover for the quarter that ended in Jun. 2026 was 0.09.
Asset Turnover is linked to ROE % through Du Pont Formula. Telenor ASA's annualizedROE % for the quarter that ended in Jun. 2026 was 14.55%. It is also linked to ROA % through Du Pont Formula. Telenor ASA's annualizedROA % for the quarter that ended in Jun. 2026 was 4.72%.
Note:
The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data.
* 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.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Telenor ASA's annulizedROA % for the quarter that ended in Jun. 2026 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data.
* 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.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Telenor ASA Asset Turnover Related Terms
Telenor ASA Asset Turnover Historical Data
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The historical data trend for Telenor ASA's Asset Turnover 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.
CHIX:TELO vs TMUS, VZ, T: Asset Turnover Comparison
For the Telecom Services subindustry, Telenor ASA's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telenor ASA's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Telenor ASA's Asset Turnover 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.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Telenor ASA (CHIX:TELO) has a Asset Turnover of 0.09 as of Jun. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Telenor ASA and its competitors.
Is Telenor ASA's Asset Turnover too high?
Telenor ASA's current Asset Turnover is 0.09. Overall, Telenor ASA has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telenor ASA's Asset Turnover compare to TMUS and VZ?
Telenor ASA's Asset Turnover of 0.09 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 Asset Turnover for a Telecommunication Services company?
A good Asset Turnover depends on the Telecommunication Services industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Telenor ASA and its competitors. Telenor ASA's current Asset Turnover is 0.09. 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 (CHIX:TELO) is currently considered Fairly Valued. The stock's GF Value™ is kr127.84, compared to a current price of kr126.15 — trading 1.3% below its estimated fair value. The current Asset Turnover is 0.09. Telenor ASA's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Telenor ASA (CHIX:TELO), the current Asset Turnover is 0.09 as of Jun. 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 (CHIX:TELO) Overvalued in 2026?
Based on GuruFocus' analysis, Telenor ASA stock appears to be undervalued.
The current stock price of kr126.15 is trading 1.3% below its estimated GF Value™ of kr127.84.
GuruFocus considers Telenor ASA to be Fairly Valued.
Key valuation signals for CHIX:TELO:
Asset Turnover: 0.09
GF Value™: kr127.84 vs. price of kr126.15 (1.3% below fair value)
No single metric tells the full story. See the CHIX:TELO 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.
68GF Score
Get the complete analysis for CHIX:TELO
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