Koninklijke KPN NV (KPN) Fair Value & Analysis
Communication Services · NL · Market cap €16.3B · ISIN NL0000009082
What is Koninklijke KPN NV really worth?
A solid business, currently priced close to our fair value of €3.77.
Strengths
Risks
For context
Fair value as of: Aug 31, 2026
From 24 valuation models · updated 5 days ago
Share price +3.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (€2.64 to €6.23) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range €2.10 – €4.76 · fair‑value band €2.64 – €6.23 · the €4.10 price screens above the €3.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
Koninklijke KPN NV (KPN) currently trades at €4.10, while our model-based Fair Value estimate is €3.77, implying the stock looks roughly 8.7% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Communication Services sector. Bull case: the Multiples group reads highest at a median of €3.85 per share, and 7 of the 24 models we run sit above the €4.10 price. Bear case: the Asset-Based group reads lowest at €0.4500, and 17 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Koninklijke KPN NV generated revenue of €5.8B at a net margin of 15.2%. Revenue grew 2.2% year over year. It earns a return on equity of 23.3%. Net debt stands at €8.1B. Fundamentals as of Aug 31, 2026
Our scenario range runs from €2.64 (bear case) to €6.23 (bull case); at €4.10, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at −8%, KPN screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.0143 per share, which is 0.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Multiples (€3.85) versus Asset-Based (€0.4500). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 53
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. The company operates through Consumer, Business, Wholesale and Network, and Operations & IT segments.
Full company description
Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. The company operates through Consumer, Business, Wholesale and Network, and Operations & IT segments. It offers fixed and mobile telephony, fixed and mobile broadband internet, and TV to retail and business consumers; infrastructure and network-related IT solutions to business customers; and wholesale network services to third parties. The company also provides network-related ICT solutions, such as security, internet of things, cloud, connectivity, and smart combinations; interconnect traffic, visitor roaming, digital products, and NL-ix interconnect exchange services; and sale of handsets and peripheral equipment, as well as software licenses. It offers its products and services under the KPN, XS4ALL, Simyo, KPN Security, KPN Health, Solcon, Inspark, and KPN Partner Network, KPN IoT, and youfone brands. The company was formerly known as Koninklijke PTT Nederland NV and changed its name to Koninklijke KPN N.V. in June 1998. Koninklijke KPN N.V. was founded in 1881 and is headquartered in Rotterdam, the Netherlands.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Koninklijke KPN NV reported revenue of €5.8B in FY2025 versus €5.3B in FY2021, a compound +2.5%/yr. Reported net income was €855M in FY2025, compounding −9.7%/yr from FY2021.
of which total revenue −2.4 % · buybacks/dilution +0.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- KPN successfully issues € 500m Hybrid Bond
- KPN announces € 500m Hybrid Bond and Tender Offer
- Koninklijke KPN NV's Dividend Analysis
- Koninklijke KPN NV (KKPNF) Q2 2026 Earnings Call Highlights: Strong Consumer Growth Amid ...
Peer Group
Telecom Services · 248 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Telecom Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 30/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥96.11 | ¥109.88 | +14% |
| T-Mobile US, Inc TMUS | $177.75 | $172.67 | −3% |
| Verizon Communications Inc VZ | $49.43 | $64.43 | +30% |
| AT&T Inc T | $26.01 | $43.97 | +69% |
| Bharti Airtel Limited BHARTIARTL | ₹1,935 | ₹941.48 | −51% |
| Comcast Corporation CMCSA | $26.41 | $95.42 | +261% |
| China Telecom Corporation 601728 | ¥6.43 | ¥8.36 | +30% |
| América Móvil, S.A. AMX | $23.50 | $39.45 | +68% |
| Singapore Telecommunications Limited Z77 | 4.29 SGD | 3.03 SGD | −29% |
| Swisscom AG SCMN | CHF 627.50 | CHF 463.92 | −26% |
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