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

79.85 2.69 −3.26%
Market cap
$5.3B
P/E
99.4×
Fwd P/E
12.5×
Dividend yield
—
F-score
8/9
Altman Z
0.79
Beneish M
−2.57
Dividend safety
n/a

VEON Ltd. (VEON) P/E ratio

Alert me on P/E ratio

As of 30 October 2026, VEON Ltd. (VEON) trades at a P/E ratio of 99.4×. Over the past ten years it has ranged from 0.0× (December 2024) to 107× (October 2026); the current reading is higher than 100% of that period. That is above the Telecom Services industry median of 14.0× and above the Communication Services sector median of 16.3×.

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

Against its own ten years

Low 0.0× High 107×
Ten-year median 2.7×
Current reading's percentile 100

P/E ratio against peers

Company P/E ratio
LBTYB Liberty Global Ltd compare n/m
LUMN Lumen Technologies, Inc. compare n/m
PHI PLDT Inc. compare 8.4×
KT KT Corporation compare 9.3×
TKC Turkcell Iletisim Hizmetleri AS compare 9.3×
TIMB TIM S.A. Sponsored ADR compare 10.4×
TDS Telephone and Data Systems, Inc. compare 11.2×
IRDM Iridium Communications Inc compare 51.0×
VEON VEON Ltd. 99.4×
Telecom Services industry median 14.0×
Communication Services sector median 16.3×
Market median 18.6×

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)

The full definition of P/E ratio →

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