TELENOR ASA SP.ADR/ O.N. (TEQA) - Net Assets
Based on the latest financial reports, TELENOR ASA SP.ADR/ O.N. (TEQA) has net assets worth €80.97 Billion EUR (≈ $94.66 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€221.58 Billion ≈ $259.05 Billion USD) and total liabilities (€140.61 Billion ≈ $164.39 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TEQA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €80.97 Billion |
| % of Total Assets | 36.54% |
| Annual Growth Rate | 6.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 9.31 |
TELENOR ASA SP.ADR/ O.N. - Net Assets Trend (2022–2025)
This chart illustrates how TELENOR ASA SP.ADR/ O.N.'s net assets have evolved over time, based on quarterly financial data. See TELENOR ASA SP.ADR/ O.N. defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TELENOR ASA SP.ADR/ O.N. (2022–2025)
The table below shows the annual net assets of TELENOR ASA SP.ADR/ O.N. from 2022 to 2025. For live valuation and market cap data, see TELENOR ASA SP.ADR/ O.N. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €76.76 Billion ≈ $89.74 Billion |
-6.12% |
| 2024-12-31 | €81.77 Billion ≈ $95.59 Billion |
+16.10% |
| 2023-12-31 | €70.43 Billion ≈ $82.34 Billion |
+9.41% |
| 2022-12-31 | €64.37 Billion ≈ $75.26 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TELENOR ASA SP.ADR/ O.N.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 11.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €84.48 Billion | 117.97% |
| Total Equity | €71.61 Billion | 100.00% |
TELENOR ASA SP.ADR/ O.N. Competitors by Market Cap
The table below lists competitors of TELENOR ASA SP.ADR/ O.N. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
East West Bancorp Inc
NASDAQ:EWBC
|
$16.70 Billion |
|
FIBRA Prologis
MX:FIBRAPL14
|
$16.70 Billion |
|
Trent Limited
NSE:TRENT
|
$16.71 Billion |
|
Hitachi Energy India Limited
NSE:POWERINDIA
|
$16.75 Billion |
|
China International Travel Service Corp Ltd
SHG:601888
|
$16.69 Billion |
|
YPF Sociedad Anónima
F:YPF
|
$16.68 Billion |
|
Knorr-Bremse AG
F:KBX
|
$16.64 Billion |
|
Taishin Financial Holding Co Ltd Pref
TW:2887E
|
$16.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TELENOR ASA SP.ADR/ O.N.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 75,849,000,000 to 71,610,000,000, a change of -4,239,000,000 (-5.6%).
- Net income of 7,034,000,000 contributed positively to equity growth.
- Dividend payments of 13,135,000,000 reduced retained earnings.
- Share repurchases of 195,000,000 reduced equity.
- Other factors increased equity by 2,057,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €7.03 Billion | +9.82% |
| Dividends Paid | €13.13 Billion | -18.34% |
| Share Repurchases | €195.00 Million | -0.27% |
| Other Changes | €2.06 Billion | +2.87% |
| Total Change | €- | -5.59% |
Book Value vs Market Value Analysis
This analysis compares TELENOR ASA SP.ADR/ O.N.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.28x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €42.97 | €14.60 | x |
| 2023-12-31 | €46.55 | €14.60 | x |
| 2024-12-31 | €55.45 | €14.60 | x |
| 2025-12-31 | €52.36 | €14.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TELENOR ASA SP.ADR/ O.N. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.19%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.09x
- Recent ROE (9.82%) is below the historical average (32.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 74.69% | 58.42% | 0.32x | 3.98x | €38.90 Billion |
| 2023 | 21.30% | 17.07% | 0.37x | 3.39x | €7.29 Billion |
| 2024 | 24.17% | 24.29% | 0.33x | 3.02x | €10.75 Billion |
| 2025 | 9.82% | 9.19% | 0.35x | 3.09x | €-127.00 Million |
Industry Comparison
This section compares TELENOR ASA SP.ADR/ O.N.'s net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $457,550,674,838
- Average return on equity (ROE) among peers: 0.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TELENOR ASA SP.ADR/ O.N. (TEQA) | €80.97 Billion | 74.69% | 1.74x | $16.69 Billion |
| LIBERTY LAT.AMER.A DL-01 (1LL) | $2.90 Billion | -15.21% | 4.30x | $297.88 Million |
| LIBERTY LAT.AMER.C DL-01 (1LLC) | $2.56 Billion | -6.68% | 4.31x | $1.25 Billion |
| 1&1 AG (1U1) | $120.45 Million | 19.47% | 3.34x | $4.35 Billion |
| CHINA TOWER UNSP.ADR/100 (2Y10) | $197.69 Billion | 4.93% | 0.65x | $5.02 Billion |
| SOFTBANK CORP. ADR (3AG0) | $4.27 Trillion | 12.33% | 2.78x | $52.06 Billion |
| TELSTRA GROUP LTD SP.ADR (5KB) | $17.35 Billion | 9.35% | 1.63x | $37.53 Billion |
| VODACOM GROUP LTD. SP.ADR (5VD0) | $85.47 Billion | 20.08% | 1.08x | $15.26 Billion |
| EuroTeleSites AG (7YF) | $234.07 Million | 0.00% | 7.39x | $762.51 Million |
| Swissnet AG (81D) | $7.12 Million | -60.93% | 1.71x | $29.36 Million |
| AIRTEL AFRICA UNSP.ADR/10 (9AA0) | $3.81 Billion | 17.41% | 1.93x | $16.88 Billion |
About TELENOR ASA SP.ADR/ O.N.
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile and broadband telecom products and services, including mobile, broadband and TV services; other services, including solutions for business customers like managed services, virtual private networks, soft… Read more