How to check if UILabel is truncated?

Swift (as extension) - works for multi line uilabel:

swift4: (attributes param of boundingRect changed slightly)

extension UILabel {

    var isTruncated: Bool {

        guard let labelText = text else {
            return false
        }

        let labelTextSize = (labelText as NSString).boundingRect(
            with: CGSize(width: frame.size.width, height: .greatestFiniteMagnitude),
            options: .usesLineFragmentOrigin,
            attributes: [.font: font],
            context: nil).size

        return labelTextSize.height > bounds.size.height
    }
}

swift3:

extension UILabel {

    var isTruncated: Bool {

        guard let labelText = text else { 
            return false
        }

        let labelTextSize = (labelText as NSString).boundingRect(
            with: CGSize(width: frame.size.width, height: .greatestFiniteMagnitude),
            options: .usesLineFragmentOrigin,
            attributes: [NSFontAttributeName: font],
            context: nil).size

        return labelTextSize.height > bounds.size.height
    }
}

swift2:

extension UILabel {

    func isTruncated() -> Bool {

        if let string = self.text {

            let size: CGSize = (string as NSString).boundingRectWithSize(
                CGSize(width: self.frame.size.width, height: CGFloat(FLT_MAX)),
                options: NSStringDrawingOptions.UsesLineFragmentOrigin,
                attributes: [NSFontAttributeName: self.font],
                context: nil).size

            if (size.height > self.bounds.size.height) {
                return true
            }
        }

        return false
    }

}

EDIT: I just saw my answer was upvoted, but the code snippet I gave is deprecated.
Now the best way to do this is (ARC) :

NSMutableParagraphStyle *paragraph = [[NSMutableParagraphStyle alloc] init];
paragraph.lineBreakMode = mylabel.lineBreakMode;
NSDictionary *attributes = @{NSFontAttributeName : mylabel.font,
                             NSParagraphStyleAttributeName : paragraph};
CGSize constrainedSize = CGSizeMake(mylabel.bounds.size.width, NSIntegerMax);
CGRect rect = [mylabel.text boundingRectWithSize:constrainedSize
                                         options:(NSStringDrawingUsesLineFragmentOrigin|NSStringDrawingUsesFontLeading)
                                      attributes:attributes context:nil];
if (rect.size.height > mylabel.bounds.size.height) {
    NSLog(@"TOO MUCH");
}

Note the calculated size is not integer value. So if you do things like int height = rect.size.height, you will lose some floating point precision and may have wrong results.

Old answer (deprecated) :

If your label is multiline, you can use this code :

CGSize perfectSize = [mylabel.text sizeWithFont:mylabel.font constrainedToSize:CGSizeMake(mylabel.bounds.size.width, NSIntegerMax) lineBreakMode:mylabel.lineBreakMode];
if (perfectSize.height > mylabel.bounds.size.height) {
    NSLog(@"TOO MUCH");
}

You can calculate the width of the string and see if the width is greater than label.bounds.size.width

NSString UIKit Additions has several methods for computing the size of the string with a specific font. However, if you have a minimumFontSize for your label that allows the system to shrink the text down to that size. You may want to use sizeWithFont:minFontSize:actualFontSize:forWidth:lineBreakMode: in that case.

CGSize size = [label.text sizeWithAttributes:@{NSFontAttributeName:label.font}];
if (size.width > label.bounds.size.width) {
   ...
}