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) P/E ratio
As of 9 October 2026, VEON Ltd. (VEON) trades at a P/E ratio of 92.5×. Over the past ten years it has ranged from 0.0× (December 2024) to 93.0× (October 2026); the current reading is higher than 100% of that period. That is above the Telecom Services industry median of 12.9× and above the Communication Services sector median of 16.7×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 6.9× | 0.82% |
| FY2024 | 6.8× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 4.1× | — |
| FY2020 | 0.0× | — |
| FY2019 | 7.0× | 9.24% |
| FY2018 | 6.4× | — |
| FY2017 | 0.0× | — |
| FY2016 | 2.9× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 62.9× | 937.98% |
| Mar 2026 | 6.1× | (12.16%) |
| Dec 2025 | 6.9× | 16.10% |
| Sep 2025 | 5.9× | 81.48% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| LUMN Lumen Technologies, Inc. compare | n/m |
| LBTYK Liberty Global Ltd compare | n/m |
| LBTYA Liberty Global Ltd compare | n/m |
| LBTYB Liberty Global Ltd compare | n/m |
| PHI PLDT Inc. compare | 8.7× |
| TKC Turkcell Iletisim Hizmetleri AS compare | 10.2× |
| TDS Telephone and Data Systems, Inc. compare | 11.0× |
| IRDM Iridium Communications Inc compare | 53.9× |
| VEON VEON Ltd. | 92.5× |
| Telecom Services industry median | 12.9× |
| Communication Services sector median | 16.7× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)