# Vodafone Group Public Limited Company (VOD.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Communication Services / Telecom Services. Price 128p, market value 29.5 billionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Vodafone Group Public Limited Company reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.13**. A PEG of 0.13 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 2.6×**. Enterprise value is 2.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 57.0%** (5-yr avg 0.4%). Free cash flow equals 57.0% of the market value, above its five-year average of 0.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 32.4%**. Vodafone Group Public Limited Company keeps 32.4% of revenue after the direct cost of what it sells.
- **Operating margin: 3.9%**. 3.9% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -1.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -0.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 1.7%**. Return on all capital, debt included, is 1.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -3.5%**. Each dollar of assets produces -3.5% of profit.

## Growth
- **Revenue growth (1 yr): 7.0%** (3-yr -4.3%/yr, 5-yr -1.8%/yr). Revenue grew 7.0% over the last year, against -1.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 89.8%**. Earnings per share rose 89.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -13.6%/yr**. Free cash flow has compounded at -13.6% a year over three years.

## Financial health
- **Debt to equity: 1.04**. Debt is 1.04 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.8×**. Operating profit covers interest 2.8×, thin but manageable.
- **Current ratio: 1.07** (quick 1.05). Current assets cover the next year's liabilities 1.07 times.
- **Altman Z-score: 1.19**. A Z-score of 1.19 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.17%** (0p per share, trailing). Vodafone Group Public Limited Company yields 3.17%, a modest yield more typical of a growth-oriented payer.
- **Dividend growth (5 yr): -13.5%/yr** (1-yr -31.2%). The dividend has not grown over five years.
- **Shareholder yield: 14.6%**. Dividends plus net buybacks return 14.6% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (16 analysts). 16 analysts cover Vodafone Group Public Limited Company; the consensus is buy, with an average price target of 120p (-6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 42.6%** (YTD 26.7%, 3-mo 12.0%). The shares are up 42.6% over twelve months including dividends.
- **From 52-week high: -2.7%** (53.0% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 68**. An RSI of 68 is neutral.
- **Beta (1 yr): 0.90** (volatility 29%). Beta of 0.90 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=VOD.L · Page: https://foliofundamentals.com/stocks/vod.l

Not investment advice.