Telenor ASA
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
Telenor ASA (TELNF) - Net Assets
Latest net assets as of December 2025: $76.76 Billion USD
Based on the latest financial reports, Telenor ASA (TELNF) has net assets worth $76.76 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($221.59 Billion) and total liabilities ($144.83 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $76.76 Billion |
| % of Total Assets | 34.64% |
| Annual Growth Rate | 5.56% |
| 5-Year Change | 143.71% |
| 10-Year Change | 38.57% |
| Growth Volatility | 30.84 |
Telenor ASA - Net Assets Trend (1999–2025)
This chart illustrates how Telenor ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Telenor ASA (1999–2025)
The table below shows the annual net assets of Telenor ASA from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $76.76 Billion | -7.00% |
| 2024-12-31 | $82.54 Billion | +17.19% |
| 2023-12-31 | $70.43 Billion | +9.41% |
| 2022-12-31 | $64.37 Billion | +104.38% |
| 2021-12-31 | $31.50 Billion | -28.28% |
| 2020-12-31 | $43.91 Billion | +1.33% |
| 2019-12-31 | $43.34 Billion | -20.41% |
| 2018-12-31 | $54.45 Billion | -12.64% |
| 2017-12-31 | $62.34 Billion | +12.53% |
| 2016-12-31 | $55.40 Billion | -12.25% |
| 2015-12-31 | $63.13 Billion | -7.85% |
| 2014-12-31 | $68.50 Billion | -11.08% |
| 2013-12-31 | $77.04 Billion | -0.26% |
| 2012-12-31 | $77.24 Billion | -11.12% |
| 2011-12-31 | $86.90 Billion | -9.68% |
| 2010-12-31 | $96.22 Billion | +13.11% |
| 2009-12-31 | $85.06 Billion | -3.96% |
| 2008-12-31 | $88.57 Billion | +18.64% |
| 2007-12-31 | $74.66 Billion | +19.01% |
| 2006-12-31 | $62.73 Billion | +17.32% |
| 2005-12-31 | $53.47 Billion | +27.36% |
| 2004-12-31 | $41.98 Billion | +2.39% |
| 2003-12-31 | $41.00 Billion | +10.19% |
| 2002-12-31 | $37.21 Billion | -18.41% |
| 2001-12-31 | $45.60 Billion | +19.54% |
| 2000-12-31 | $38.15 Billion | +103.04% |
| 1999-12-31 | $18.79 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Telenor ASA'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 1489.5% 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 Competitors by Market Cap
The table below lists competitors of Telenor ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongfang Electric Corp Ltd Class A
SHG:600875
|
$8.71 Billion |
|
National Bank of Greece SA
PINK:NBGIF
|
$8.71 Billion |
|
Wintrust Financial Corporation
NASDAQ:WTFC
|
$8.71 Billion |
|
Apollo Hospitals Enterprise Limited
NSE:APOLLOHOSP
|
$8.72 Billion |
|
G2EV34
SA:G2EV34
|
$8.70 Billion |
|
Orion Oyj B
HE:ORNBV
|
$8.70 Billion |
|
Crane Company
NYSE:CR
|
$8.69 Billion |
|
Celsius Holdings Inc
NASDAQ:CELH
|
$8.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telenor ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 76,621,000,000 to 71,610,000,000, a change of -5,011,000,000 (-6.5%).
- Net income of 8,186,000,000 contributed positively to equity growth.
- Dividend payments of 13,135,000,000 reduced retained earnings.
- Share repurchases of 195,000,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.19 Billion | +11.43% |
| Dividends Paid | $13.13 Billion | -18.34% |
| Share Repurchases | $195.00 Million | -0.27% |
| Other Changes | $133.00 Million | +0.19% |
| Total Change | $- | -6.54% |
Book Value vs Market Value Analysis
This analysis compares Telenor ASA'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: 0.26x
- 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.
- The price-to-book ratio has decreased from 1.10x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $12.61 | $13.85 | x |
| 2000-12-31 | $25.05 | $13.85 | x |
| 2001-12-31 | $23.72 | $13.85 | x |
| 2002-12-31 | $18.94 | $13.85 | x |
| 2003-12-31 | $21.03 | $13.85 | x |
| 2004-12-31 | $21.66 | $13.85 | x |
| 2005-12-31 | $27.07 | $13.85 | x |
| 2006-12-31 | $34.38 | $13.85 | x |
| 2007-12-31 | $40.91 | $13.85 | x |
| 2008-12-31 | $48.46 | $13.85 | x |
| 2009-12-31 | $45.83 | $13.85 | x |
| 2010-12-31 | $53.18 | $13.85 | x |
| 2011-12-31 | $52.02 | $13.85 | x |
| 2012-12-31 | $47.33 | $13.85 | x |
| 2013-12-31 | $48.10 | $13.85 | x |
| 2014-12-31 | $42.35 | $13.85 | x |
| 2015-12-31 | $38.94 | $13.85 | x |
| 2016-12-31 | $33.89 | $13.85 | x |
| 2017-12-31 | $38.34 | $13.85 | x |
| 2018-12-31 | $33.57 | $13.85 | x |
| 2019-12-31 | $26.42 | $13.85 | x |
| 2020-12-31 | $27.22 | $13.85 | x |
| 2021-12-31 | $18.79 | $13.85 | x |
| 2022-12-31 | $42.97 | $13.85 | x |
| 2023-12-31 | $46.47 | $13.85 | x |
| 2024-12-31 | $55.66 | $13.85 | x |
| 2025-12-31 | $52.36 | $13.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telenor ASA 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): 11.43%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.69%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.09x
- Recent ROE (11.43%) is below the historical average (17.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 11.50% | 7.05% | 0.68x | 2.40x | $266.14 Million |
| 2000 | 3.02% | 2.93% | 0.39x | 2.64x | $-2.47 Billion |
| 2001 | 16.80% | 15.38% | 0.56x | 1.96x | $2.86 Billion |
| 2002 | -12.77% | -8.81% | 0.55x | 2.66x | $-7.65 Billion |
| 2003 | 12.25% | 8.59% | 0.62x | 2.31x | $839.50 Million |
| 2004 | 14.26% | 8.74% | 0.70x | 2.34x | $1.61 Billion |
| 2005 | 16.50% | 11.11% | 0.55x | 2.68x | $3.01 Billion |
| 2006 | 27.45% | 17.48% | 0.61x | 2.56x | $10.12 Billion |
| 2007 | 26.19% | 19.48% | 0.57x | 2.34x | $11.14 Billion |
| 2008 | 16.14% | 13.44% | 0.52x | 2.31x | $4.97 Billion |
| 2009 | 11.39% | 8.86% | 0.59x | 2.19x | $1.06 Billion |
| 2010 | 16.31% | 15.11% | 0.55x | 1.97x | $5.55 Billion |
| 2011 | 8.53% | 7.27% | 0.59x | 1.98x | $-1.23 Billion |
| 2012 | 11.88% | 8.66% | 0.60x | 2.28x | $1.39 Billion |
| 2013 | 11.92% | 8.41% | 0.57x | 2.47x | $1.41 Billion |
| 2014 | 14.24% | 8.52% | 0.55x | 3.04x | $2.70 Billion |
| 2015 | 5.84% | 2.66% | 0.63x | 3.50x | $-2.43 Billion |
| 2016 | 5.57% | 2.15% | 0.64x | 4.06x | $-2.26 Billion |
| 2017 | 20.84% | 9.61% | 0.62x | 3.51x | $6.23 Billion |
| 2018 | 29.79% | 13.35% | 0.58x | 3.87x | $9.79 Billion |
| 2019 | 20.43% | 6.84% | 0.46x | 6.54x | $3.97 Billion |
| 2020 | 45.25% | 14.12% | 0.48x | 6.69x | $13.51 Billion |
| 2021 | 5.81% | 1.39% | 0.49x | 8.59x | $-1.10 Billion |
| 2022 | 74.69% | 45.39% | 0.41x | 3.98x | $38.90 Billion |
| 2023 | 21.30% | 17.07% | 0.37x | 3.39x | $7.29 Billion |
| 2024 | 23.93% | 22.94% | 0.35x | 3.00x | $10.67 Billion |
| 2025 | 11.43% | 10.69% | 0.35x | 3.09x | $1.02 Billion |
Industry Comparison
This section compares Telenor ASA's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telenor ASA (TELNF) | $76.76 Billion | 11.50% | 1.89x | $8.70 Billion |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |