VEON Ltd.
VEON Communication Services Telecom Services
VEON Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 9.87% from fiscal 2024. In the quarter to June 2026, revenue grew 16.9%, EPS fell 79.6%, free cash flow grew 431.6% and total debt rose 19.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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VEON Ltd. (VEON) EV/Sales
As of 9 October 2026, VEON Ltd. (VEON) trades at a EV/Sales of 1.8×. Over the past ten years it has ranged from 0.8× (December 2015) to 10.5× (November 2022); the current reading is higher than 91% of that period. That is in line with the Telecom Services industry median of 1.8× and above the Communication Services sector median of 1.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 1.5× | 9.41% |
| FY2024 | 1.4× | 21.06% |
| FY2023 | 1.1× | (27.54%) |
| FY2022 | 1.6× | (46.80%) |
| FY2021 | 2.9× | 95.18% |
| FY2020 | 1.5× | (0.77%) |
| FY2019 | 1.5× | 37.03% |
| FY2018 | 1.1× | (39.30%) |
| FY2017 | 1.8× | 12.65% |
| FY2016 | 1.6× | 58.29% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 1.4× | 1.18% |
| Mar 2026 | 1.4× | (5.76%) |
| Dec 2025 | 1.5× | (5.15%) |
| Sep 2025 | 1.6× | 3.50% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| TKC Turkcell Iletisim Hizmetleri AS compare | 1.1× |
| LUMN Lumen Technologies, Inc. compare | 1.4× |
| VEON VEON Ltd. | 1.8× |
| LBTYK Liberty Global Ltd compare | 1.8× |
| LBTYA Liberty Global Ltd compare | 1.8× |
| TDS Telephone and Data Systems, Inc. compare | 1.8× |
| LBTYB Liberty Global Ltd compare | 2.1× |
| PHI PLDT Inc. compare | 2.3× |
| IRDM Iridium Communications Inc compare | 7.5× |
| Telecom Services industry median | 1.8× |
| Communication Services sector median | 1.4× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)