Valebø is a village in Skien Municipality in Telemark county, Norway.

The village is located on the eastern shore of Norsjø, across the lake from the villages of Ulefoss and Helgja in Nome Municipality.

The village of Valebø lies about 25 kilometres (16 mi) to the northwest of the town of Skien, about 15 kilometres (9.3 mi) northwest of the village of Hoppestad, and about 12 kilometres (7.5 mi) to the south of Nordagutu in Midt-Telemark Municipality.

The Bratsbergbanen railway line stops at a station in Valebø.

This Telemark location article is a stub.