Last 39 quarters of trend data · Communication Services · Telecommunications Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Telefónica, S.A.'s quarterly P/E stands at 26.4x, down 96.1% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 48.0% YoY to 3.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -65.09 | 26.40 | — | — | — | 675.00 | 13.27 | 13.78 | — | 12.72 | 12.38 | 26.75 | 11.16 |
| — | -96.1% | — | — | — | +5207.1% | +7.2% | -48.5% | — | +9.9% | -46.3% | +145.2% | — | |
| P/S Ratio | 0.50 | 0.76 | 0.84 | 0.71 | 0.52 | 0.68 | 0.58 | 0.61 | 0.54 | 0.56 | 0.56 | 0.61 | 0.50 |
| — | +12.0% | +45.0% | +16.3% | -4.2% | +22.3% | +2.5% | +1.2% | +8.8% | +24.4% | -23.2% | -17.7% | -19.7% | |
| P/B Ratio | 0.91 | 1.34 | 1.41 | 1.11 | 1.00 | 1.13 | 0.96 | 0.91 | 0.81 | 0.73 | 0.73 | 0.81 | 0.64 |
| — | +18.3% | +46.7% | +21.6% | +22.4% | +55.9% | +30.7% | +13.1% | +26.8% | +27.8% | -21.3% | -7.2% | -23.4% | |
| P/FCF | 3.98 | 8.28 | 13.18 | 15.31 | 2.62 | 4.02 | 17.77 | 7.53 | 2.54 | 3.56 | 4.24 | 6.70 | 3.63 |
| — | +106.2% | -25.8% | +103.4% | +3.4% | +13.0% | +319.1% | +12.3% | -30.0% | +12.7% | -48.5% | -13.0% | -31.2% | |
| EV / EBITDA | 5.15 | 3.63 | 2.69 | 2.21 | 8.17 | 2.45 | 2.05 | 2.09 | 8.22 | 1.81 | 1.93 | 2.05 | 4.49 |
| — | +48.0% | +31.0% | +5.8% | -0.6% | +35.7% | +6.5% | +1.6% | +83.2% | -60.9% | -23.8% | -7.1% | -61.6% | |
| EV / EBIT | 24.07 | 17.20 | 4.79 | 9.16 | 11.36 | 9.86 | 3.13 | 6.35 | — | 8.97 | 10.48 | 9.26 | 8.27 |
| — | +74.4% | +52.9% | +44.2% | — | +9.9% | -70.1% | -31.4% | — | -71.4% | +196.8% | -39.1% | +510.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Telefónica, S.A.'s operating margin was 10.2% in Q3 2025, down 1.2 pp QoQ and up 2.8 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 7.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 66.5% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.6% | 33.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 28.9% | 100.0% | 100.0% | 100.0% | 100.0% | 68.6% |
| — | -66.5% | 0.0% | +246.4% | 0.0% | 0.0% | 0.0% | -71.1% | +45.8% | +47.3% | 0.0% | 0.0% | -31.4% | |
| Operating Margin | 5.8% | 10.2% | 11.4% | 12.0% | -3.7% | 7.4% | 10.0% | 10.3% | -3.8% | 10.2% | 9.4% | 9.7% | 11.1% |
| — | +37.8% | +14.2% | +17.0% | +0.5% | -27.9% | +6.4% | +6.4% | -133.9% | +15.9% | +2.2% | -16.6% | +245.2% | |
| Net Margin | -0.1% | 2.9% | -0.6% | -14.1% | -9.5% | 0.1% | 4.4% | 5.2% | -21.2% | 4.9% | 4.6% | 3.0% | 5.1% |
| — | +2854.6% | -113.3% | -369.5% | +55.1% | -97.9% | -4.4% | +76.8% | -512.2% | +9.4% | +43.0% | -60.5% | +141.6% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | 1.3% | -0.2% | -5.6% | -4.4% | 0.0% | 1.7% | 2.0% | -7.3% | 1.6% | 1.5% | 1.0% | 1.6% |
| — | +3089.2% | -113.3% | -386.8% | +39.6% | -97.4% | +14.2% | +103.3% | -549.0% | +11.6% | +49.6% | -58.7% | +141.6% | |
| ROA | -0.0% | 0.3% | -0.1% | -1.3% | -1.0% | 0.0% | 0.4% | 0.5% | -2.0% | 0.5% | 0.4% | 0.3% | 0.5% |
| — | +2882.8% | -112.2% | -356.3% | +48.8% | -97.8% | +2.0% | +86.5% | -531.6% | +13.1% | +47.7% | -57.3% | +142.6% | |
| ROIC | 2.9% | 1.7% | 3.2% | 2.0% | -0.7% | 2.1% | 2.7% | 1.7% | -0.6% | 2.4% | 2.2% | 1.4% | 1.2% |
| — | -16.5% | +19.4% | +17.9% | -21.1% | -14.0% | +21.8% | +16.8% | -150.2% | +91.5% | +7.1% | -11.5% | +205.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Telefónica, S.A.'s Debt/EBITDA ratio is 9.3x, up from 2.7x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.98 | 2.01 | 0.36 | 0.33 | 1.98 | 0.33 | 0.32 | 0.30 | 1.63 | 0.28 | 0.28 | 0.29 | 1.43 |
| — | +517.4% | +11.4% | +8.0% | +21.6% | +16.6% | +16.0% | +6.2% | +13.7% | -81.3% | +1.2% | +5.1% | -14.8% | |
| Debt / EBITDA | 4.02 | 9.29 | 2.66 | 2.55 | 24.68 | 2.67 | 2.48 | 2.59 | 24.58 | 2.66 | 2.76 | 2.77 | 13.93 |
| — | +248.1% | +7.1% | -1.6% | +0.4% | +0.4% | -10.1% | -6.5% | +76.5% | -82.3% | -0.3% | +1.9% | -60.6% | |
| Current Ratio | 0.87 | 0.84 | 0.85 | 0.97 | 0.87 | 0.85 | 0.85 | 0.91 | 0.89 | 0.95 | 0.89 | 0.89 | 0.98 |
| — | -0.8% | -1.0% | +7.1% | -2.0% | -10.5% | -4.0% | +1.9% | -9.3% | -2.7% | -2.8% | -0.2% | +0.0% | |
| Quick Ratio | 0.83 | 0.80 | 0.81 | 0.93 | 0.83 | 0.81 | 0.81 | 0.86 | 0.85 | 0.87 | 0.83 | 0.82 | 0.91 |
| — | -1.1% | -0.3% | +8.1% | -1.8% | -7.1% | -1.6% | +4.9% | -7.0% | -2.9% | -2.8% | -0.5% | +0.2% | |
| Interest Coverage | 1.19 | 1.98 | 3.62 | — | 1.67 | 1.62 | — | 2.93 | -0.63 | 1.36 | 1.10 | 2.60 | 2.16 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
Deep dive into TEF consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TEF stock.
Telefónica, S.A.'s current P/E is -65.1x. The average P/E over the last 1 quarters is 26.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Telefónica, S.A.'s current operating margin is 5.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Telefónica, S.A.'s business trajectory between earnings reports.