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

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81.69 6.35 +8.43%

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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) Price to free cash flow

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As of 5 November 2026, VEON Ltd. (VEON) trades at a price to free cash flow of 7.6×. Over the past ten years it has ranged from 0.0× (June 2017) to 81.5× (October 2015); the current reading is higher than 60% of that period. That is below the Telecom Services industry median of 8.1× and below the Communication Services sector median of 10.2×.

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

Period	Price to free cash flow	Change
FY2025	8.9×	7.77%
FY2024	8.2×	719.23%
FY2023	1.0×	20.13%
FY2022	0.8×	(45.91%)
FY2021	1.5×	(55.16%)
FY2020	3.4×	(1.36%)
FY2019	3.5×	(51.58%)
FY2018	7.2×	(52.80%)
FY2017	15.3×	(47.09%)
FY2016	28.9×	—

Period	Price to free cash flow	Change
Jun 2026	5.3×	(41.32%)
Mar 2026	9.1×	2.36%
Dec 2025	8.9×	(10.95%)
Sep 2025	10.0×	17.95%
42 more quarters	Free account

Against its own ten years

Low 0.0× High 81.5×

Ten-year median 4.9×

Current reading's percentile 60

Company	Price to free cash flow
TKC Turkcell Iletisim Hizmetleri AS compare	n/m
TDS Telephone and Data Systems, Inc. compare	n/m
LUMN Lumen Technologies, Inc. compare	n/m
PHI PLDT Inc. compare	5.3×
VEON VEON Ltd.	7.6×
LBTYK Liberty Global Ltd compare	7.6×
LBTYA Liberty Global Ltd compare	7.8×
LBTYB Liberty Global Ltd compare	8.9×
IRDM Iridium Communications Inc compare	16.3×
Telecom Services industry median	8.1×
Communication Services sector median	10.2×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

VEON Ltd. (VEON) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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