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VEON Ltd (VEON) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of VEON Ltd stock $89.88, price $77.57, upside +15.9%, quality 53 out of 100. Rating: undervalued. Calculated from audited financials with 20 of our 26 valuation models and 37 quality factors, updated daily.

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Communication Services US · Based in United Arab Emirates

VL VEON Ltd logo Some data Nov 8, 2026

VEON Ltd

VEON · US
Undervalued, in an uptrend

The stock costs 14% less than our calculation considers fair.

Fair value $89.88 · Undervalued
Generates free cash flow
Upbeat coverage
Revenue last quarter +17% vs. a year ago.
Quality 53/100
Mixed Growth (revenue 5y +5.1 %/yr in USD)
Thin margins · 1.2% net margin (TTM)
Mixed vs. peers (7/13)
Moderate moat 45/100
Insiders bought $1.1M (6M)
Some data
High debt
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$88.45 $6.50 Fair Value $89.88 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $6.50 – $88.45 · fair‑value band $50.81 – $154.86 · the $77.57 price screens below the $89.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.

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Company profile

VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan.

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The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers.

It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform.

The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017.

VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.

Stock analysis

VEON Ltd (VEON) currently trades at $77.57, while our model-based Fair Value estimate is $89.88, implying the stock looks roughly 14% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $162.11 per share, and 17 of the 20 models we run sit above the $77.57 price.

Bear case: the Economic Profit group reads lowest at $37.23, and 3 of the 20 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $50.81 (bear) to $154.86 (bull), the price of $77.57 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 53/100 (solid quality), in the Communication Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

VEON Ltd reported revenue of €4.5B in FY2025 versus €3.9B in FY2021, a compound +3.8%/yr. Reported net income was €541M in FY2025, compounding −5.3%/yr from FY2021.

Key figures

Market cap $5.5B Mid · P/E ratio 98.2 · P/S ratio 1.16 · EPS (TTM) $0.7900 · Net margin 1.2% · Return on equity 7.5% · Return on assets (EBIT) 9.2% (5-year average) · Operating margin 25.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (medium confidence).

What moves the price

The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.

The share trades about 12% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at 16%, VEON screens richer than that median.

Fair Value models

Bear $50.81 Fair Value $89.88 Bull $154.86
Price $77.57 · Upside +15.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.6775 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF $47.06 $84.36 $152.28 77
Growth DCF $50.84 $86.45 $145.81 76
Owner Earnings $54.86 $94.21 $165.87 74
All 20 models by family
DCF Models
FCF DCF $47.06 $84.36 $152.28 77
Owner Earnings $54.86 $94.21 $165.87 74
5Y Revenue Exit $46.38 $105.11 $193.20 69
5Y EBITDA Exit $43.98 $101.04 $179.12 71
5Y P/E Exit $37.45 $89.94 $154.97 67
10Y Revenue Exit $42.28 $88.42 $139.65 65
10Y EBITDA Exit $44.31 $86.02 $131.59 67
10Y P/E Exit $40.70 $79.50 $117.77 63
Earnings-Based
Graham-Dodd $59.59 $92.53 $110.75 67
EPV $12.98 $27.33 $39.23 70
Multiples
P/E Multiple $144.58 $192.78 $240.97 63
P/S Multiple $111.72 $148.96 $186.21 58
EV/EBIT $147.53 $215.13 $282.73 65
EV/EBITDA $102.82 $155.51 $208.20 66
EV/Revenue $96.90 $162.11 $227.32 52
Growth DCF
Growth DCF $50.84 $86.45 $145.81 76
Rev-Margin DCF $46.38 $108.79 $187.91 69
Economic Profit
Residual Income $39.96 $46.51 $67.04 70
ROIC Compounder $12.98 $27.95 $43.17 69
Growth Earnings
Growth-Adj P/E $101.92 $145.60 $189.28 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 53/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 58
How much profit the company makes from its sales and capital
Quality Growth 51
Are margins and returns getting better?
Cashflow 70
Do the profits arrive as real cash?
Financial strength 17
Debt, balance sheet and risk of trouble
Investment 40
Does it invest with discipline instead of growing at any price?
Low Volatility 23
How calm the share price moves, does not count
Price momentum 100
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 88
Distance to the 52-week high, does not count
New shares 86
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director bought shares worth $1.1M, on Aug 7, 2026.

  • BuyAugie K Fabela IIDirector20,000 shares at $56.00$1.1MAug 7, 2026

Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.1%
Start year 2020 (pandemic). Over 10 years: −7.4% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−4.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4.0% vs −13.8%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 23%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 11.7%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +12.5% a year for the price and +6.8% for the forecasts.
Forecast 2026 (sales)+14.0%
Forecast 2027 (sales)+9.7%
Projected 2028 (sales)+8.7%
Projected 2029 (sales)+7.7%
Projected 2030 (sales)+6.8%

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Recent news

News mood ⓘNews mood, the average tone of recent news (83 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Note from the team Oct 11, 2026
AI conclusion: The company's main strength is the growing contribution of digital and AI services to 27 percent of revenue alongside the Amdocs IT partnership, while its primary weakness remains elevated leverage with debt seven times equity.
Main risk: The high leverage with debt exceeding equity by a factor of seven risks constraining capital allocation toward network upgrades and digital expansion, directly hitting operational resilience and service rollout.
VEON has signed a ten-year agreement under which Amdocs will run and modernize its core IT operations across Eurasia while integrating AI capabilities. Digital and AI services already contribute about 27 percent of group revenue and continue to grow. Will the long-term partnership deliver predictable efficiency gains and faster innovation or reduce flexibility to respond to local competitive and regulatory changes?
Join the discussion →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 234 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 53 · Below median
Fair Value upside +15.9% · Above median
Profitability
Return on equity (12 months) 7.5% · Below median
Return on assets 5.9% · Above median
Net margin (12 months) 1.2% · Below median
Operating margin (12 months) 25.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 16.9% · Top 25%
Balance sheet
Debt / equity 5.65× · Highest 25%

Valuation Multiplesvs Telecom Services median · lower = cheaper

P/E (12 months) 98.2× · Priciest 25%
P/B 4.11× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 1.16× · Cheaper than median
Price / free cash flow (fiscal year) 8.7× · Cheaper than median
EV/EBITDA 6.1× · Cheaper than median
PEG 2.23× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)55 · sector 44
FUTURE (revenue growth)85 · sector 23
PAST (return on equity)30 · sector 33
HEALTH (low debt)0 · sector 83
DIVIDEND (yield)0 · sector 72

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Comcast Corporation CMCSA $24.39 $73.17 +200% vs VEON
T-Mobile US, Inc TMUS $162.01 $272.88 +68% vs VEON
AT&T Inc T $21.63 $34.27 +58% vs VEON
China Mobile Limited 0941 HK$81.10 HK$126.41 +56% vs VEON
Verizon Communications Inc VZ $45.69 $69.14 +51% vs VEON
China Telecom Corporation 601728 ¥6.91 ¥8.36 +21% vs VEON
Bharti Airtel Limited BHARTIARTL ₹2,107 ₹1,701 −19% vs VEON
Saudi Telecom Company 7010 41.20 SAR 32.49 SAR −21% vs VEON
Swisscom AG SCMN CHF 720.00 CHF 505.18 −30% vs VEON
Singapore Telecommunications Limited Z74 4.09 SGD 2.16 SGD −47% vs VEON

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Cite: Fair Value Calculator (2026). "VEON Ltd Fair Value". https://www.fairvalue-calculator.com/stock/VEON

Frequently asked questions

Is VEON Ltd (VEON) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $89.88 versus a price of $77.57, about +16% upside (undervalued).
What is the fair value of VEON?
Our model-based fair value for VEON Ltd is $89.88 (as of Nov 8, 2026), built from audited fundamentals. The current price: $77.57.
What is the quality score of VEON?
VEON Ltd has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for VEON Ltd (VEON)?
Our model-based price target is the fair value of $89.88 (as of Nov 8, 2026) from 20 valuation models. Cautious scenario $50.81, optimistic scenario $154.86. It is a calculation from audited fundamentals, not an analyst target.
What is the VEON Ltd stock forecast for 2026?
Our models put fair value at $89.88, about +16% upside versus a price of $77.57 (undervalued). Cautious scenario $50.81, optimistic scenario $154.86. The calculation is refreshed regularly with new filings.
What is the revenue of VEON Ltd (VEON)?
VEON Ltd reported trailing-twelve-month revenue of about $4.8B (latest available figure, as of Nov 8, 2026).
What growth is priced into VEON Ltd (VEON)?
For today's price to be fair in a discounted-cash-flow model, VEON Ltd would have to grow free cash flow by +15.2 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of VEON use?
Our models discount VEON Ltd at 11.2 %: a base by market capitalisation (mid), damped by beta 1.62, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For VEON Ltd that is +15.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has VEON Ltd (VEON) delivered so far?
Over the past 5 years revenue at VEON Ltd grew +5.1 % a year. The price currently implies free-cash-flow growth of +15.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of VEON Ltd (VEON) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into VEON Ltd (+15.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of VEON Ltd (VEON)?
The free-cash-flow yield on the price is 11.46 %: that much free cash flow VEON Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of VEON Ltd (VEON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VEON Ltd it is $89.88 per share (as of Nov 8, 2026), against a price of $77.57. It is the blended result of 20 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is VEON Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, VEON trades below its calculated fair value: price $77.57, fair value $89.88, a gap of about +16% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VEON?
No. The price is what the market pays today ($77.57); the fair value is what the company's own numbers justify ($89.88). For VEON Ltd the two are $12.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is VEON Ltd worth?
The market values VEON Ltd at about $5.5B (market capitalisation, as of Nov 8, 2026). Per share that is $77.57; our models calculate a fair value of $89.88 per share.
What do the bullish and bearish scenarios say about VEON?
Our models span a range for VEON Ltd: cautious scenario $50.81, base $89.88, optimistic $154.86 per share (as of Nov 8, 2026, price $77.57). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VEON?
VEON Ltd trades at a price-to-earnings ratio of 98.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $89.88 is built from several models across several years. Other multiples: PEG 2.2, P/B 4.1, P/S 1.2, EV/EBITDA 6.1.
What is the PEG ratio of VEON?
The PEG ratio of VEON Ltd is 2.23 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of VEON Ltd (VEON)?
Balance-sheet figures for VEON Ltd (as of Nov 8, 2026): return on equity 7.5%, debt of 5.65 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is VEON from its 52-week high?
VEON Ltd trades at $77.57, about 12% below its 52-week high of $88.45 and 78% above the low of $43.57 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $89.88 is for.
Which stocks are comparable to VEON Ltd?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is VEON Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price $77.57, calculated fair value $89.88 (+16%), Quality Score 53/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VEON calculated?
We run VEON Ltd through 20 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $89.88 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. VEON Ltd currently trades 14% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of VEON Ltd (VEON)?
The closing price on Nov 6, 2026 was $77.57. Our model-based fair value is $89.88, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VEON Ltd right now?
The model range is unusually wide ($50.81 to $154.86). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of VEON Ltd

How large is the market capitalisation of VEON Ltd (VEON)?
The market capitalisation of VEON Ltd is $5.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of VEON Ltd (VEON)?
The price-to-sales ratio of VEON Ltd is 1.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of VEON Ltd (VEON)?
Earnings per share at VEON Ltd are $0.7900 (price ÷ EPS = P/E 98.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of VEON Ltd (VEON)?
The net margin of VEON Ltd is 1.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of VEON Ltd (VEON)?
The return on equity (ROE) of VEON Ltd is 7.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of VEON Ltd (VEON)?
On an EBIT basis the return on assets of VEON Ltd is 9.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of VEON Ltd (VEON)?
The operating margin of VEON Ltd is 25.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VEON Ltd (VEON)?
Revenue at VEON Ltd is growing +16.9% versus a year earlier (3y avg +6.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at VEON Ltd (VEON)?
Earnings per share at VEON Ltd are growing −78.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does VEON Ltd (VEON) carry?
The net debt of VEON Ltd is $3.4B (fiscal year 2025, ≈ 5.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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