Telenor stock edges higher as buyback program update supports valuation

Telenor ASA stock (ISIN NO0010063308) was quoted at around 133.30 Norwegian kroner on the Oslo Stock Exchange as of September 21, 2026, modestly higher on the day and supported by the company’s ongoing share buyback program reported through Oslo Bors NewsPoint on September 21, 2026.

Buyback updates underpin income story

According to Affarsvarlden on September 21, 2026, Oslo Bors NewsPoint published a status update on Telenor’s share buyback program, confirming that the telecom group is continuing to repurchase its own shares in the market.

The same overview shows Telenor’s latest quote at 133.30 NOK with a daily move of roughly 1.76 percent on September 21, 2026, indicating that investors are reacting positively to the capital return activity around the stock price level.Affarsvarlden

Recent earnings and dividend metrics

For fundamental context, Affarsvarlden’s key-figures section summarizing Telenor’s performance over the latest 12-month period reports revenue of 76,480 million Swedish kroner, compared with 80,169 million SEK in fiscal year 2025, marking a decline of about 4.6 percent over that span based on these figures.Affarsvarlden

The same data set shows operating profit of 16,851 million SEK for the latest 12 months versus 18,849 million SEK in 2025, implying that operating earnings are down by around 10.6 percent, a reminder that margin pressure has accompanied the topline softening over recent periods.Affarsvarlden

Despite the earnings headwind, the same overview lists a dividend yield of about 7.2 percent on the latest figures, with reported dividend payouts of 13,273 million SEK in fiscal year 2025 and 13,136 million SEK in 2024, underlining that Telenor remains an income-oriented telecom name for many shareholders.Affarsvarlden

Ownership structure and leverage profile

Affarsvarlden’s ownership table shows that the Government of Norway continues to hold about 54 percent of Telenor’s capital and votes, with Folketrygdfondet at around 4.6 percent and international asset managers such as BlackRock and The Vanguard Group owning roughly 2.4 percent and 2.1 percent respectively.Affarsvarlden

The same key-figures section lists net debt at 87,247 million SEK for the latest 12-month snapshot, down from 101,853 million SEK in 2025 and 104,597 million SEK in 2024, indicating that Telenor has reduced leverage by around 14.3 percent versus 2025 while still carrying a substantial debt load relative to equity of 68,085 million SEK in the most recent period.Affarsvarlden

Valuation and risk considerations for investors

Affarsvarlden calculates a price-earnings multiple of about 14.2 times based on the latest earnings per share data of 9.50 SEK for the trailing 12-month period, compared with a P/E of 29.2 times for fiscal year 2025 and 10.1 times for 2024, showing that valuation has compressed meaningfully from the prior year even as the share price continues to offer an above-market yield.Affarsvarlden

For investors, the combination of a high dividend yield, active share buybacks and declining net debt improves the capital-return profile, but the drop in revenue and operating profit over the latest periods underlines that Telenor still faces structural challenges in its core telecom markets and must balance generous payouts with ongoing investment and competition-related pressures.

Stock price snapshot on Oslo

Per the price overview referenced by Affarsvarlden on September 21, 2026, Telenor stock closed around 133.30 NOK on the Oslo Stock Exchange, with a daily gain of roughly 1.76 percent on that trading day, making this Oslo quote the primary reference price for the shares in Norwegian kroner.

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