Tele2 AB (0QE6) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Tele2 AB SEK 132, price SEK 161, upside -18.3%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range kr 65.15 – kr 197.45 · fair‑value band kr 91.18 – kr 164.52 · the kr 161.05 price screens above the kr 131.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Tele2 AB (publ) provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.
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Tele2 AB (publ) provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers handset related data services, linear and streaming services, mobile telephony and data, fixed broadband and telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services. It also provides data network services, including dark fiber, dedicated wavelength, ethernet and IP VPN, and internet services; and unified communications comprising service provider, mobile virtual network operator, and carrier SIP-interconnect services. In addition, the company offers single and dual IMSI solutions for consumer and IoT applications; on-demand roaming services, such as subscription management, data plan management, real time charging, eSIM delivery, SIM management, and set up services; routing and termination solutions for international voice traffic; application-2-person messaging services; and value-added services comprising shortcodes and long numbers for businesses to have 2-way communication with their customers. Tele2 AB (publ) was formerly known as NetCom AB and changed its name to Tele2 AB (publ) in February 2001. The company was incorporated in 1990 and is headquartered in Kista, Sweden.
Stock analysis
Tele2 AB (0QE6) currently trades at kr 161.05, while our model-based Fair Value estimate is kr 131.62, 18.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 129.09 per share, and 3 of the 24 models we run sit above the kr 161.05 price.
Bear case: the Earnings-Based group reads lowest at kr 26.91, and 21 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 91.18 (bear) to kr 164.52 (bull), the price of kr 161.05 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 63/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tele2 AB reported revenue of 26.8B SEK in FY2021 versus 21.5B SEK in FY2017, a compound +5.7%/yr. Reported net income was 4.3B SEK in FY2021, compounding +117.6%/yr from FY2017. FY2017 was a trough year, so the rate overstates the trend.
Key figures
Market cap 93.6B SEK (≈ $9.3B) · P/S ratio 3.11 · Dividend yield 6.5% · Net margin 16.1% · Return on equity 47.6% · Return on assets (EBIT) 6.7% · Operating margin 24.3% · Revenue (TTM) 30.1B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at −18%, 0QE6 screens richer than that median.
Fair Value models
Bear kr 91.18Fair Value kr 131.62Bull kr 164.52
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.9%
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.
+7.2%
’17
’18
’19
’20
’21
Profit margin (trend) ⓘ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.
16.1% (2017) → 17.9% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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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 · 236 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Profitability
Return on equity (TTM)47.6% · Top 25%
Return on assets7.1% · Top 25%
Net margin (TTM)33.6% · Top 25%
Operating margin (TTM)24.3% · Top 25%
Growth and dividend
Revenue growth1.9% · Below median
Dividend yield (TTM)6.5% · Top 25%
Balance sheet
Debt / equity0.91× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Tele2 AB Fair Value". https://www.fairvalue-calculator.com/stock/0QE6
Frequently asked questions
Is Tele2 AB (0QE6) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 131.62 versus a price of kr 161.05, about −18% upside (overvalued).
What is the fair value of 0QE6?
Our model-based fair value for Tele2 AB is kr 131.62 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 161.05.
What is the quality score of 0QE6?
Tele2 AB has a Quality Score of 63/100. 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 Tele2 AB (0QE6)?
Our model-based price target is the fair value of kr 131.62 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario kr 91.18, optimistic scenario kr 164.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Tele2 AB stock forecast for 2026?
Our models put fair value at kr 131.62, about −18% upside versus a price of kr 161.05 (overvalued). Cautious scenario kr 91.18, optimistic scenario kr 164.52. The calculation is refreshed regularly with new filings.
What is the revenue of Tele2 AB (0QE6)?
Tele2 AB reported trailing-twelve-month revenue of about 30.1B SEK (latest available figure, as of Sep 23, 2026).
Does Tele2 AB pay a dividend?
Tele2 AB currently shows a dividend yield of about 6.52% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Tele2 AB (0QE6)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tele2 AB it is kr 131.62 per share (as of Sep 23, 2026), against a price of kr 161.05. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Tele2 AB stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0QE6 trades above its calculated fair value: price kr 161.05, fair value kr 131.62, a gap of about −18% (overvalued). 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 0QE6?
No. The price is what the market pays today (kr 161.05); the fair value is what the company's own numbers justify (kr 131.62). For Tele2 AB the two are kr 29.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tele2 AB worth?
The market values Tele2 AB at about 93.6B SEK (market capitalisation, as of Sep 23, 2026). Per share that is kr 161.05; our models calculate a fair value of kr 131.62 per share.
What do the bullish and bearish scenarios say about 0QE6?
Our models span a range for Tele2 AB: cautious scenario kr 91.18, base kr 131.62, optimistic kr 164.52 per share (as of Sep 23, 2026, price kr 161.05). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tele2 AB (0QE6)?
Balance-sheet figures for Tele2 AB (as of Sep 23, 2026): return on equity 47.6%, debt of 0.91 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 0QE6 from its 52-week high?
Tele2 AB trades at kr 161.05, about 18% below its 52-week high of kr 197.45 and 11% above the low of kr 144.86 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 131.62 is for.
Which stocks are comparable to Tele2 AB?
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 Tele2 AB stock attractive at the current price?
The data as of Sep 23, 2026: price kr 161.05, calculated fair value kr 131.62 (−18%), Quality Score 63/100, from 24 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 0QE6 calculated?
We run Tele2 AB through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 131.62, 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 14.5 % above its aggregate fair value. Tele2 AB itself currently trades above fair value. 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 Tele2 AB (0QE6)?
The closing price on Oct 2, 2026 was kr 161.05. Our model-based fair value is kr 131.62, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tele2 AB right now?
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 91.18 to kr 164.52) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Tele2 AB
How large is the market capitalisation of Tele2 AB (0QE6)?
The market capitalisation of Tele2 AB is 93.6B SEK (≈ $9.3B). 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 Tele2 AB (0QE6)?
The price-to-sales ratio of Tele2 AB is 3.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Tele2 AB (0QE6)?
The dividend yield of Tele2 AB is 6.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tele2 AB (0QE6)?
The net margin of Tele2 AB is 16.1% (fiscal year 2021). 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 Tele2 AB (0QE6)?
The return on equity (ROE) of Tele2 AB is 47.6% (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 Tele2 AB (0QE6)?
On an EBIT basis the return on assets of Tele2 AB is 6.7% (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 Tele2 AB (0QE6)?
The operating margin of Tele2 AB is 24.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tele2 AB (0QE6)?
Revenue at Tele2 AB is growing +1.9% versus a year earlier (3y avg +7.2%). 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 Tele2 AB (0QE6)?
Earnings per share at Tele2 AB are growing +1.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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