VEON Ltd. (VEON) is a publicly traded company in the Communication Services — Telecommunications Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services;...
Is VEON Ltd. stock overvalued or undervalued in 2026?
VEON Ltd. (VEON) trades at 129× earnings (P/E), against a median of 20.0× across the 80 communication companies above $2bn in Kaplio's universe. Note: earnings per share over the last twelve months ($0.64) are far from the consensus for 2027 ($8.62); that is why this range uses expected earnings. No valuation verdict: its earnings are in a dip and too few analysts cover it to know what normal earnings are.
Kaplio overview: VEON Ltd.
Market cap $6B · 52 weeks $44 – $88 (7 % below the high) · P/E 129× · 2027 expected P/E 9.6× · Dividend none · Next earnings November 6, 2026 · expected EPS $1.72 · Closing price, Oct 30 · accounts published Jul 31.
- Valuation: P/E 129.0× (no verdict).
- Business: EBITDA margin 48.2 % (excellent).
- Balance sheet: Net debt/EBITDA 1.6× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
No valuation verdict: its earnings are in a dip and too few analysts cover it to know what normal earnings are.
Note: earnings per share over the last twelve months ($0.64) are far from the consensus for 2027 ($8.62); that is why this range uses expected earnings.
What matters in communication: 5 of 6 pass
- EV/EBITDA vs own 5y 5.9×, fails.
- 3y revenue growth 5.2 %, passes.
- EBITDA margin 48.2 %, passes.
- FCF yield 10.6 %, passes.
- Capex / Revenue 16.7 %, passes.
- Net debt / EBITDA 1.6×, passes.
- Payout on FCF n/a: it pays no dividend, info.
Against its peers (reference peers) — VEON Ltd.: P/E 129×; EV/EBITDA 5.8×; ROIC 4.6 %; $5.7B. Telecom Argentina S.A. (P/E 10.4×; EV/EBITDA 3.5×; ROIC 10.1 %; $4.9B), Turkcell Iletisim Hizmetleri A.S. (P/E 10.0×; EV/EBITDA 2.8×; ROIC 4.1 %; $4.0B), PLDT Inc. (P/E 9.2×; EV/EBITDA 5.6×; ROIC 13.9 %; $3.8B).
Profitability
| Return on Equity | 4.15% |
| Return on Invested Capital | 4.63% |
| Return on Assets | 0.58% |
| Gross Margin | 78.36% |
| Operating Margin | 21.25% |
| Net Margin | 1.24% |
Financial Health
| Debt / Equity | 3.87 |
| Current Ratio | 0.97 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.66 |
Price Performance
| 1 month | +11.66% |
| 3 months | +57.85% |
| Year-to-date | +57.01% |
| 1 year | +71.42% |
| 3 years | +424.73% |
| 5 years | +55.74% |
| 10 years | +0.05% |
Dividend History
| Date | Amount |
|---|---|
| 2020-02-26 | $3.7500 |
| 2019-08-13 | $3.2500 |
| 2019-03-07 | $4.2500 |
| 2018-08-13 | $3.0000 |
| 2018-03-02 | $4.2500 |
| 2017-08-10 | $2.7500 |
| 2017-03-28 | $3.6465 |
| 2016-11-16 | $0.8750 |
| 2015-11-19 | $0.8750 |
| 2014-11-20 | $0.8750 |
Amounts adjusted for stock splits.
Related companies: VOD · TIGO · LILA · AMX · VIV · TLK · TKC · TEO
Explore sector: Communication Services · Telecommunications Services
More sections of VEON: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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