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Tele2 AB (publ) vs T-Mobile US: Which Stock Looks Stronger in 2026?

Tele2 AB (publ) holds the cleaner structural position, with the lead spread across profitability and growth. T-Mobile US does not offset that deficit through any equally strong structural edge elsewhere. On the market side, Tele2 AB (publ) is in better shape — its trend is intact while T-Mobile US's trend has broken down. That puts structure and market broadly in agreement — Tele2 AB (publ)'s lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (TEL2-B.ST: STOXX 600, TMUS: Nasdaq 100).

Updated 2026-06-14

This is not just a one-metric split: both profitability and growth materially support the lead. The overall score gap is 19 points in favour of Tele2 AB (publ).

INDUSTRY COMPARISON

Both operate in: Telecom Services

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

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

Peer-Relative Score
TEL2-B.ST
Tele2 AB (publ)
74
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600
vs
TMUS
T-Mobile US, Inc.
55
Peer-Score
Signal qualityMedium
Peer basis: Nasdaq 100

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: TEL2-B.ST vs TMUS Profitability 79 34 Stability 46 50 Valuation 81 82 Growth 81 53 TEL2-B.ST TMUS
Gap Ranking
#1 Profitability +45
#2 Growth +28
#3 Stability +4
#4 Valuation +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for TEL2-B.ST and TMUS Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer TEL2-B.STTMUS Relative valuation Structural strength

The setup stays mixed because structure and the price setup do not align cleanly in one direction.

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

Relative Position vs Comparable Companies
Profitability
On profitability, Tele2 AB (publ) ranks near the top of the group; T-Mobile US, Inc. sits in the weaker half.
Growth
On growth, the same pattern holds: both are strong, but Tele2 AB (publ) still leads clearly.
Profitability — Dominant Gap
TEL2-B.ST
79
TMUS
34
Gap+45in favour of TEL2-B.ST

Return on equity adds support too, with a 21-point advantage.

What keeps the gap from being one-sided

T-Mobile US, Inc. still carries lower volatility exposure — that difference is real enough to prevent the comparison from becoming one-sided.

What this means for the comparison

The lead is built on both profitability and growth, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Similar profitability-and-growth comparisons

Explore how TEL2-B.ST and TMUS 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.