Friday 6 November 2026 Export VEON’s income statement to Excel — free account

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.

Revenue: +16.9%
EPS: −79.6%
Free cash flow: +431.6%
Total debt: +19.1%

Quarter to June 2026, against a year earlier

Insider buying

74.70 4.31 −5.46%

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Market cap: $4.8B
P/E: 90.0×
Fwd P/E: 12.5×
Dividend yield: —
F-score: 8/9
Altman Z: 0.79
Beneish M: −2.57
Dividend safety: n/a

Overview

VEON Ltd. (VEON) P/B ratio

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As of 5 November 2026, VEON Ltd. (VEON) trades at a P/B ratio of 2.7×. Over the past ten years it has ranged from 0.0× (June 2017) to 3.5× (December 2020); the current reading is higher than 90% of that period. That is above the Telecom Services industry median of 1.3× and above the Communication Services sector median of 1.3×.

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<iframe src="https://stockrow.com/embed/VEON/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="VEON Ltd. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/VEON/metrics/pb-ratio">VEON Ltd. (VEON) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	2.2×	(0.52%)
FY2024	2.3×	77.20%
FY2023	1.3×	7.06%
FY2022	1.2×	(40.23%)
FY2021	2.0×	(23.60%)
FY2020	2.6×	30.80%
FY2019	2.0×	35.34%
FY2018	1.5×	(16.01%)
FY2017	1.8×	53.39%
FY2016	1.1×	(22.36%)

Period	P/B ratio	Change
Jun 2026	1.9×	9.49%
Mar 2026	1.7×	(23.02%)
Dec 2025	2.2×	3.80%
Sep 2025	2.2×	0.93%
42 more quarters	Free account

Against its own ten years

Low 0.0× High 3.5×

Ten-year median 1.7×

Current reading's percentile 90

Company	P/B ratio
LUMN Lumen Technologies, Inc. compare	n/m
LBTYK Liberty Global Ltd compare	0.3×
LBTYA Liberty Global Ltd compare	0.3×
LBTYB Liberty Global Ltd compare	0.4×
TKC Turkcell Iletisim Hizmetleri AS compare	0.6×
TDS Telephone and Data Systems, Inc. compare	0.9×
PHI PLDT Inc. compare	1.8×
VEON VEON Ltd.	2.7×
IRDM Iridium Communications Inc compare	7.8×
Telecom Services industry median	1.3×
Communication Services sector median	1.3×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

VEON Ltd. (VEON) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on VEON

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on VEON

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