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Stock Comparison · Industry comparison · Telecom Services

Telenor A vs Vodafone Group Public Limited Company: Which Stock Looks Stronger in 2026?

Telenor ASA holds the cleaner structural position, with the lead spread across profitability and growth. Vodafone Public Company still leads on growth and valuation, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The result is anchored in profitability, but stability also reinforces the same direction. The overall score gap is 9 points in favour of Telenor ASA.

INDUSTRY COMPARISON

Both operate in: Telecom Services

This comparison is based on industry proximity, not on functional trajectory similarity. TEL.OL and VOD.L share the same industry classification.

For a similarity-based comparison, see how Telenor ASA and Vodafone Public Company each position within their functional peer groups in AssetNext.

Peer-Relative Score
TEL.OL
Telenor ASA
57
Peer-Score
Signal qualityHigh
vs
VOD.L
Vodafone Group Public Limited Company
48
Peer-Score
Signal qualityHigh

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

Score differences across key dimensions.

Dimension spread: TEL.OL vs VOD.L Profitability 72 11 Stability 62 34 Valuation 63 85 Growth 20 61 TEL.OL VOD.L
Gap Ranking
#1 Profitability +61
#2 Growth +41
#3 Stability +28
#4 Valuation +22
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for TEL.OL and VOD.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer TEL.OLVOD.L Relative valuation Structural strength

Telenor ASA is stronger, but the price setup still looks more supportive for Vodafone Group Public Limited Company.

Valuation position uses peer-relative PE percentile (idx_pct_pe) and Forward P/E where available.

Relative Position vs Comparable Companies
Profitability
On profitability, Telenor ASA ranks near the top of the group; Vodafone Group Public Limited Company sits in the weaker half.
Growth
Vodafone Group Public Limited Company sits in the stronger part of the group on growth, while Telenor ASA is closer to mid-pack.
Profitability — Dominant Gap
TEL.OL
72
VOD.L
11
Gap+61in favour of TEL.OL

The profitability lead is mainly driven by a 12.1-point operating margin advantage.

What keeps the gap from being one-sided

Earnings growth also leans the other way, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The profitability edge is decisive, even though current pricing and growth still lean somewhat toward Vodafone Group Public Limited Company.

Explore full peer positioning in AssetNext

Break down the TEL.OL vs VOD.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how TEL.OL and VOD.L 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.

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.