View Future GrowthPIOLINK 過去の業績過去 基準チェック /36PIOLINKは、平均年間39.1%の収益成長を遂げていますが、 Communications業界の収益は、年間 減少しています。収益は、平均年間5.1% 12.6%収益成長率で 成長しています。 PIOLINKの自己資本利益率は8.9%であり、純利益率は11.5%です。主要情報39.05%収益成長率43.08%EPS成長率Communications 業界の成長16.35%収益成長率12.59%株主資本利益率8.87%ネット・マージン11.46%前回の決算情報31 Dec 2025最近の業績更新分析記事 • Nov 19PIOLINK's (KOSDAQ:170790) Profits Appear To Have Quality IssuesThe recent earnings posted by PIOLINK, Inc. ( KOSDAQ:170790 ) were solid, but the stock didn't move as much as we...Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₩128 (vs ₩283 in 3Q 2024)Third quarter 2025 results: EPS: ₩128 (down from ₩283 in 3Q 2024). Revenue: ₩14.7b (up 8.0% from 3Q 2024). Net income: ₩845.5m (down 55% from 3Q 2024). Profit margin: 5.8% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ₩207 (vs ₩283 in 2Q 2024)Second quarter 2025 results: EPS: ₩207 (down from ₩283 in 2Q 2024). Revenue: ₩14.7b (up 8.2% from 2Q 2024). Net income: ₩1.36b (down 28% from 2Q 2024). Profit margin: 9.2% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses.分析記事 • Mar 24Why PIOLINK's (KOSDAQ:170790) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from PIOLINK, Inc. ( KOSDAQ:170790 ) last week didn't sink the stock price. We think...すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩9,980, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 21x in the Communications industry in South Korea. Total loss to shareholders of 24% over the past three years.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩10,570, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 22x in the Communications industry in South Korea. Total loss to shareholders of 20% over the past three years.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩7,420, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 9x in the Communications industry in South Korea. Total loss to shareholders of 42% over the past three years.お知らせ • Feb 27PIOLINK, Inc., Annual General Meeting, Mar 30, 2026PIOLINK, Inc., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South KoreaUpcoming Dividend • Dec 22Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.1%).分析記事 • Nov 19PIOLINK's (KOSDAQ:170790) Profits Appear To Have Quality IssuesThe recent earnings posted by PIOLINK, Inc. ( KOSDAQ:170790 ) were solid, but the stock didn't move as much as we...Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₩128 (vs ₩283 in 3Q 2024)Third quarter 2025 results: EPS: ₩128 (down from ₩283 in 3Q 2024). Revenue: ₩14.7b (up 8.0% from 3Q 2024). Net income: ₩845.5m (down 55% from 3Q 2024). Profit margin: 5.8% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses.分析記事 • Nov 10PIOLINK (KOSDAQ:170790) Is Paying Out A Dividend Of ₩300.00PIOLINK, Inc.'s ( KOSDAQ:170790 ) investors are due to receive a payment of ₩300.00 per share on 10th of April. The...Declared Dividend • Nov 08Dividend of ₩300 announcedDividend of ₩300 is the same as last year. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (18% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 70% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 3 years.お知らせ • Nov 07PIOLINK, Inc. announces Annual dividend, payable on April 10, 2026PIOLINK, Inc. announced Annual dividend of KRW 300.0000 per share payable on April 10, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.New Risk • Sep 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₩75.1b market cap, or US$53.6m).Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩11,180, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the Communications industry in South Korea. Total returns to shareholders of 17% over the past three years.お知らせ • Aug 25PIOLINK, Inc. (KOSDAQ:A170790) announces an Equity Buyback for KRW 3,000 million worth of its shares.PIOLINK, Inc. (KOSDAQ:A170790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of own shares pursuant to a contract with IBK Investment & Securities. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on December 25, 2025. As of August 25, 2025, the company had 160,849 treasury shares within scope available for dividend and no shares in treasury through other repurchase.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ₩207 (vs ₩283 in 2Q 2024)Second quarter 2025 results: EPS: ₩207 (down from ₩283 in 2Q 2024). Revenue: ₩14.7b (up 8.2% from 2Q 2024). Net income: ₩1.36b (down 28% from 2Q 2024). Profit margin: 9.2% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses.分析記事 • Mar 24Why PIOLINK's (KOSDAQ:170790) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from PIOLINK, Inc. ( KOSDAQ:170790 ) last week didn't sink the stock price. We think...お知らせ • Feb 28PIOLINK, Inc., Annual General Meeting, Mar 25, 2025PIOLINK, Inc., Annual General Meeting, Mar 25, 2025, at 11:00 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South KoreaUpcoming Dividend • Dec 20Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.7%).お知らせ • Sep 10PIOLINK, Inc. (KOSDAQ:A170790) announces an Equity Buyback for KRW 1,000 million worth of its shares.PIOLINK, Inc. (KOSDAQ:A170790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of own shares pursuant to a contract with IBK Investment & Securities. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 9, 2025. As of September 8, 2024, the company had 176,221 treasury shares within scope available for dividend and no shares in treasury through other repurchase.Upcoming Dividend • Dec 20Inaugural dividend of ₩300 per shareEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. This is the first dividend for PIOLINK since going public. The average dividend yield among industry peers is 1.3%.Upcoming Dividend • Dec 21Inaugural dividend of ₩250 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. This is the first dividend for PIOLINK since going public. The average dividend yield among industry peers is 1.2%.Upcoming Dividend • Dec 22Inaugural dividend of ₩150 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Piolink since going public. The average dividend yield among industry peers is 0.8%.Is New 90 Day High Low • Feb 18New 90-day high: ₩15,250The company is up 3.0% from its price of ₩14,800 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period.Is New 90 Day High Low • Jan 15New 90-day low: ₩12,800The company is down 12% from its price of ₩14,500 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period.Upcoming Dividend • Dec 22First Dividend Is ₩100.00 Per ShareWill be paid on the 21st of April to those who are registered shareholders by the 29th of December. This is the first dividend for Piolink since going public. The average dividend yield among industry peers is 0.7%.Is New 90 Day High Low • Sep 22New 90-day high: ₩17,000The company is up 32% from its price of ₩12,900 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 34% over the same period.収支内訳PIOLINK の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史KOSDAQ:A170790 収益、費用、利益 ( )KRW Millions日付収益収益G+A経費研究開発費31 Dec 2565,6357,52010,66511,43730 Sep 2563,6566,30811,06710,71330 Jun 2562,5707,35410,55210,71331 Mar 2560,6076,42110,07610,71331 Dec 2458,2965,4089,60210,71330 Sep 2455,2425,85710,4599,69331 Dec 2359,01810,5718,6819,69330 Sep 1830,292-4,3077,1735,68730 Jun 1829,792-4,9357,9495,68731 Mar 1829,865-1,7768,5145,68731 Dec 1729,432-2,4488,9115,68730 Sep 1725,850-2,6509,2835,47230 Jun 1728,912-2,1939,3905,47231 Mar 1731,062-3,6219,8505,47231 Dec 1635,814-1,77810,2215,47230 Sep 1633,138-49112,1055,03330 Jun 1631,28634712,1155,03331 Mar 1627,207-45611,7485,03331 Dec 1522,730-2,67211,2135,03330 Sep 1523,183-8019,6994,19130 Jun 1520,957-1,2878,9994,191質の高い収益: A170790は 高品質の収益 を持っています。利益率の向上: A170790の現在の純利益率 (11.5%)は、昨年(9.3%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: A170790の過去 5 年間の前年比収益成長率がプラスであったかどうかを判断するにはデータが不十分です。成長の加速: A170790の過去 1 年間の収益成長を 5 年間の平均と比較するにはデータが不十分です。収益対業界: A170790の過去 1 年間の収益成長率 ( 39.1% ) はCommunications業界-13.9%を上回りました。株主資本利益率高いROE: A170790の 自己資本利益率 ( 8.9% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 23:53終値2026/05/20 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋PIOLINK, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関null nullDBS Bank LtdSang Gyu ShimKyobo Securities Co., LtdKyeongkeun KangNH Investment & Securities Co., Ltd.1 その他のアナリストを表示
分析記事 • Nov 19PIOLINK's (KOSDAQ:170790) Profits Appear To Have Quality IssuesThe recent earnings posted by PIOLINK, Inc. ( KOSDAQ:170790 ) were solid, but the stock didn't move as much as we...
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₩128 (vs ₩283 in 3Q 2024)Third quarter 2025 results: EPS: ₩128 (down from ₩283 in 3Q 2024). Revenue: ₩14.7b (up 8.0% from 3Q 2024). Net income: ₩845.5m (down 55% from 3Q 2024). Profit margin: 5.8% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ₩207 (vs ₩283 in 2Q 2024)Second quarter 2025 results: EPS: ₩207 (down from ₩283 in 2Q 2024). Revenue: ₩14.7b (up 8.2% from 2Q 2024). Net income: ₩1.36b (down 28% from 2Q 2024). Profit margin: 9.2% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses.
分析記事 • Mar 24Why PIOLINK's (KOSDAQ:170790) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from PIOLINK, Inc. ( KOSDAQ:170790 ) last week didn't sink the stock price. We think...
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩9,980, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 21x in the Communications industry in South Korea. Total loss to shareholders of 24% over the past three years.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩10,570, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 22x in the Communications industry in South Korea. Total loss to shareholders of 20% over the past three years.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩7,420, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 9x in the Communications industry in South Korea. Total loss to shareholders of 42% over the past three years.
お知らせ • Feb 27PIOLINK, Inc., Annual General Meeting, Mar 30, 2026PIOLINK, Inc., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South Korea
Upcoming Dividend • Dec 22Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.1%).
分析記事 • Nov 19PIOLINK's (KOSDAQ:170790) Profits Appear To Have Quality IssuesThe recent earnings posted by PIOLINK, Inc. ( KOSDAQ:170790 ) were solid, but the stock didn't move as much as we...
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₩128 (vs ₩283 in 3Q 2024)Third quarter 2025 results: EPS: ₩128 (down from ₩283 in 3Q 2024). Revenue: ₩14.7b (up 8.0% from 3Q 2024). Net income: ₩845.5m (down 55% from 3Q 2024). Profit margin: 5.8% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses.
分析記事 • Nov 10PIOLINK (KOSDAQ:170790) Is Paying Out A Dividend Of ₩300.00PIOLINK, Inc.'s ( KOSDAQ:170790 ) investors are due to receive a payment of ₩300.00 per share on 10th of April. The...
Declared Dividend • Nov 08Dividend of ₩300 announcedDividend of ₩300 is the same as last year. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (18% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 70% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 3 years.
お知らせ • Nov 07PIOLINK, Inc. announces Annual dividend, payable on April 10, 2026PIOLINK, Inc. announced Annual dividend of KRW 300.0000 per share payable on April 10, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
New Risk • Sep 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₩75.1b market cap, or US$53.6m).
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩11,180, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the Communications industry in South Korea. Total returns to shareholders of 17% over the past three years.
お知らせ • Aug 25PIOLINK, Inc. (KOSDAQ:A170790) announces an Equity Buyback for KRW 3,000 million worth of its shares.PIOLINK, Inc. (KOSDAQ:A170790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of own shares pursuant to a contract with IBK Investment & Securities. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on December 25, 2025. As of August 25, 2025, the company had 160,849 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ₩207 (vs ₩283 in 2Q 2024)Second quarter 2025 results: EPS: ₩207 (down from ₩283 in 2Q 2024). Revenue: ₩14.7b (up 8.2% from 2Q 2024). Net income: ₩1.36b (down 28% from 2Q 2024). Profit margin: 9.2% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses.
分析記事 • Mar 24Why PIOLINK's (KOSDAQ:170790) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from PIOLINK, Inc. ( KOSDAQ:170790 ) last week didn't sink the stock price. We think...
お知らせ • Feb 28PIOLINK, Inc., Annual General Meeting, Mar 25, 2025PIOLINK, Inc., Annual General Meeting, Mar 25, 2025, at 11:00 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South Korea
Upcoming Dividend • Dec 20Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.7%).
お知らせ • Sep 10PIOLINK, Inc. (KOSDAQ:A170790) announces an Equity Buyback for KRW 1,000 million worth of its shares.PIOLINK, Inc. (KOSDAQ:A170790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of own shares pursuant to a contract with IBK Investment & Securities. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 9, 2025. As of September 8, 2024, the company had 176,221 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Upcoming Dividend • Dec 20Inaugural dividend of ₩300 per shareEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. This is the first dividend for PIOLINK since going public. The average dividend yield among industry peers is 1.3%.
Upcoming Dividend • Dec 21Inaugural dividend of ₩250 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. This is the first dividend for PIOLINK since going public. The average dividend yield among industry peers is 1.2%.
Upcoming Dividend • Dec 22Inaugural dividend of ₩150 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Piolink since going public. The average dividend yield among industry peers is 0.8%.
Is New 90 Day High Low • Feb 18New 90-day high: ₩15,250The company is up 3.0% from its price of ₩14,800 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period.
Is New 90 Day High Low • Jan 15New 90-day low: ₩12,800The company is down 12% from its price of ₩14,500 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period.
Upcoming Dividend • Dec 22First Dividend Is ₩100.00 Per ShareWill be paid on the 21st of April to those who are registered shareholders by the 29th of December. This is the first dividend for Piolink since going public. The average dividend yield among industry peers is 0.7%.
Is New 90 Day High Low • Sep 22New 90-day high: ₩17,000The company is up 32% from its price of ₩12,900 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 34% over the same period.