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Stock Comparison · Industry comparison · Telecom Services

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

The structural profiles are close, with Tele2 AB (publ) carrying a narrow edge on growth. 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. Peer scores are normalised within each company's primary universe (TEL2-B.ST: STOXX 600, TMUS: Nasdaq 100).

Updated 2026-08-16

The comparison stays tight enough that no single part of the profile fully breaks it open.

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)
61
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
TMUS
T-Mobile US, Inc.
60
Peer-Score
Signal qualitylow
Peer basis: Nasdaq 100

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

Score differences across key dimensions.

Dimension spread: TEL2-B.ST vs TMUS Profitability 49 43 Stability 57 51 Valuation 82 81 Growth 54 63 TEL2-B.ST TMUS
Gap Ranking
#1 Growth +9
#2 Profitability +6
#3 Stability +6
#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.

Entry today — historical context

Where TEL2-B.ST and TMUS each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY TEL2-B.ST Elevated · above norm 0th 50th 100th 29 pct gap TMUS Neutral · below norm 0th 50th 100th 91st 62nd
Today TMUS sits in the upper-middle of its own 5-year history (62nd percentile), while TEL2-B.ST sits higher in its own history (91st). Within each stock's own 5-year context, TMUS is at a historically more favourable entry position than TEL2-B.ST. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Tele2 AB (publ) holds the stronger peer position on growth.
Growth — Dominant Gap
TEL2-B.ST
54
TMUS
63
Gap+9in favour of TMUS

The clearest distance comes from a stronger growth profile.

What else supports the lead

Tele2 AB (publ) also shows lower market-fundamental divergence, which makes the lead look less detached from the underlying business picture.

What this means for the comparison

The lead is visible, but it looks newer and less settled than a mature overall lead.

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 →
Other close 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.