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BT Group vs Tele2 AB (publ): Which Stock Looks Stronger in 2026?

The structural profiles are close, with Tele2 AB (publ) carrying a narrow edge on valuation. The remaining gap is narrow enough that the comparison remains open to different readings. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-07-26

Most of the visible separation comes from valuation.

INDUSTRY COMPARISON

Both operate in: Telecom Services

This comparison is based on industry proximity, not on functional trajectory similarity. BT-A.L and TEL2-B.ST share the same industry classification.

For a similarity-based comparison, see how BT and Tele2 AB (publ) each position within their functional peer groups in AssetNext.

Peer-Relative Score
BT-A.L
BT Group plc
51
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
TEL2-B.ST
Tele2 AB (publ)
55
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: BT-A.L vs TEL2-B.ST Profitability 38 47 Stability 44 41 Valuation 67 78 Growth 53 48 BT-A.L TEL2-B.ST
Gap Ranking
#1 Valuation +11
#2 Profitability +9
#3 Growth +5
#4 Stability +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BT-A.L and TEL2-B.ST Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BT-A.LTEL2-B.ST Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against BT Group plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both are strong on valuation, but BT Group plc still ranks higher.
Profitability
Tele2 AB (publ) holds the stronger peer position on profitability.
Valuation — Dominant Gap
BT-A.L
67
TEL2-B.ST
78
Gap+11in favour of TEL2-B.ST

The multiple-based pricing edge comes from a trailing P/E that is 6.3 turns lower.

What keeps the gap from being one-sided

BT Group plc still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The result is clear, but the profile still looks more volatile than a fully settled winner.

Explore full peer positioning in AssetNext

Break down the BT-A.L vs TEL2-B.ST comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other close comparisons

Explore how BT-A.L and TEL2-B.ST each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.