Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Telecom Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies42
  • 7D-1.1%
  • 3M-5.5%
  • 1Y-3.9%
  • YTD-5.8%

The Telecom industry has been flat over the last week, but REA Group has lost 4.5%. Unfortunately though, the industry is down 5.1% over the past 12 months. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the Australian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026AU$113.1bAU$42.1bAU$3.3b27.1x34.4x2.7x
Thu, 26 Feb 2026AU$113.3bAU$42.6bAU$3.2b30.3x35.4x2.7x
Sat, 24 Jan 2026AU$118.4bAU$42.2bAU$3.4b37x34.6x2.8x
Mon, 22 Dec 2025AU$118.8bAU$43.5bAU$3.4b35x34.6x2.7x
Wed, 19 Nov 2025AU$122.7bAU$43.5bAU$3.4b36.2x35.7x2.8x
Fri, 17 Oct 2025AU$131.0bAU$43.6bAU$3.4b40.2x38.1x3x
Sun, 14 Sep 2025AU$134.4bAU$43.5bAU$3.4b42.3x39.2x3.1x
Tue, 12 Aug 2025AU$139.1bAU$44.5bAU$2.5b35.5x55.3x3.1x
Thu, 10 Jul 2025AU$136.0bAU$44.4bAU$2.2b35.5x60.7x3.1x
Sat, 07 Jun 2025AU$134.3bAU$44.4bAU$2.2b41.2x59.9x3x
Mon, 05 May 2025AU$130.8bAU$44.4bAU$2.2b42x58.4x2.9x
Wed, 02 Apr 2025AU$122.8bAU$44.4bAU$2.2b40.1x54.8x2.8x
Fri, 28 Feb 2025AU$126.2bAU$44.4bAU$2.4b31.6x52.9x2.8x
Sun, 26 Jan 2025AU$122.3bAU$44.0bAU$1.9b23.7x64.7x2.8x
Tue, 24 Dec 2024AU$122.0bAU$44.0bAU$1.9b24.6x64.5x2.8x
Thu, 21 Nov 2024AU$123.8bAU$44.0bAU$1.9b23.4x65.5x2.8x
Sat, 19 Oct 2024AU$120.2bAU$44.0bAU$1.9b26x63.6x2.7x
Mon, 16 Sep 2024AU$115.8bAU$44.0bAU$1.9b20.9x62.3x2.6x
Wed, 14 Aug 2024AU$113.6bAU$43.9bAU$2.8b22.6x41.1x2.6x
Fri, 12 Jul 2024AU$113.3bAU$43.6bAU$2.8b22.4x39.9x2.6x
Sun, 09 Jun 2024AU$110.2bAU$43.6bAU$2.8b23x38.7x2.5x
Tue, 07 May 2024AU$109.0bAU$43.6bAU$2.8b30.6x38.3x2.5x
Thu, 04 Apr 2024AU$112.0bAU$43.6bAU$2.9b30x38.8x2.6x
Sat, 02 Mar 2024AU$115.0bAU$43.5bAU$2.9b30x39.7x2.6x
Mon, 29 Jan 2024AU$119.3bAU$43.2bAU$3.4b21.9x35.4x2.8x
Wed, 27 Dec 2023AU$117.2bAU$43.2bAU$3.4b20.9x34.7x2.7x
Fri, 24 Nov 2023AU$108.9bAU$43.2bAU$3.4b20.9x32.3x2.5x
Sun, 22 Oct 2023AU$109.8bAU$43.2bAU$3.4b20.9x32.6x2.5x
Tue, 19 Sep 2023AU$112.0bAU$43.2bAU$3.4b19.9x33.3x2.6x
Thu, 17 Aug 2023AU$116.2bAU$42.1bAU$3.3b19.7x34.8x2.8x
Sat, 15 Jul 2023AU$115.2bAU$42.4bAU$3.3b21.6x35.1x2.7x
Mon, 12 Jun 2023AU$111.4bAU$42.4bAU$3.3b20x33.9x2.6x
Wed, 10 May 2023AU$113.9bAU$42.4bAU$3.3b21.1x34.7x2.7x
Fri, 07 Apr 2023AU$113.3bAU$42.4bAU$3.3b22.5x34.5x2.7x
Price to Earnings Ratio

34.5x


Total Market Cap: AU$113.3bTotal Earnings: AU$3.3bTotal Revenue: AU$42.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Sector Price to Earnings3Y Average 44.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 34.5x which is lower than its 3-year average PE of 44.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Communication Services industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Australian Telecom sector?

AU Market0.96%
Telecom-1.11%
Entertainment7.51%
Media1.60%
Telecom Services and Carriers0.48%
Wireless Telecom0%0
Interactive Media and Services-5.23%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 198x.
    • Analysts are expecting annual earnings growth of 19.5%, which is lower than the prior year's growth of 194.7% per year.
  • Investors are most pessimistic about the Media industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 8.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
REA REA GroupAU$156.421.7%
+AU$342.8m		-30.2%PE35.9x
NEC Nine Entertainment HoldingsAU$0.958.6%
+AU$118.8m		-36.5%PE10.3x
EVT EVTAU$13.205.3%
+AU$108.9m		-1.9%PE53.5x
TUA TuasAU$6.091.7%
+AU$54.8m		11.9%PE243.7x
IGL IVE GroupAU$2.616.5%
+AU$24.5m		11.1%PE9.1x

Latest News

SXL
AU$0.53
Southern Cross Media Group
7D
-6.2%
1Y
-20.3%
SEK
AU$13.95
SEEK
7D
-2.4%
1Y
-35.7%

SEK: Index Removals And Dividend Visibility Will Support Future Upside

Analysts have slightly adjusted their price target for SEEK to A$25.19 from A$25.37, reflecting small tweaks to assumptions around the discount rate, long term revenue growth, profit margin and future P/E multiples. What's in the News SEEK Limited was removed from the S&P Global 1200 index, taking the stock out of a widely followed global equity benchmark (Key Developments).
TUA
AU$6.09
Tuas
7D
1.7%
1Y
11.9%
SLC
AU$3.25
Superloop
7D
1.2%
1Y
53.3%
OML
AU$0.94
oOh!media
7D
3.3%
1Y
-36.1%

OML: Share Buyback And Dividend Policy Will Support Future Upside Potential

Analysts have kept their A$1.49 price target on oOh!media steady, citing relatively unchanged assumptions around revenue growth, profit margins, discount rate and future P/E as the basis for maintaining their view. What's in the News Share repurchase program announced, with plans to buy back up to 53,878,128 shares, equal to 10% of issued capital, funded from existing cash and committed debt facilities, with the program running until March 11, 2027 (Key Developments).
EVT
AU$13.20
EVT
7D
5.3%
1Y
-1.9%

EVT: Upcoming Fully Franked Dividend Will Support Future Share Performance

Analysts have modestly adjusted their price target on EVT to A$17.31, reflecting updated views on discount rate, revenue growth, profit margin, and future P/E assumptions, without a clear directional shift in the overall valuation outcome. What's in the News EVT Limited declared a fully franked ordinary dividend of A$0.18 per security for the six months ended December 31, 2025 (Key Developments).
NEC
AU$0.95
Nine Entertainment Holdings
7D
8.6%
1Y
-36.5%

NEC: Dividend Outlook Will Support Future Upside At Current Pricing

Analysts have modestly adjusted their price targets on Nine Entertainment Holdings, reflecting updated assumptions for revenue growth, profit margins and the stock's forward P/E multiple, while maintaining a broadly similar fair value estimate of about A$1.41 per share. What's in the News Nine Entertainment Co. Holdings Limited declared an ordinary dividend of A$0.045 per share for the six months ending December 31, 2025 (Key Developments).
TLS
AU$5.33
Telstra Group
7D
-0.2%
1Y
24.8%
CAR
AU$22.80
CAR Group
7D
-0.6%
1Y
-30.2%

CAR: Upcoming Dividend And Steady Assumptions Will Support Bullish Earnings Confidence

Analysts have kept CAR Group's A$35.50 price target effectively unchanged, reflecting only minimal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News CAR Group declared an ordinary dividend of A$0.425 per share for the six months ended December 31, 2025, giving investors clarity on the upcoming cash payout schedule.
REA
AU$156.42
REA Group
7D
1.7%
1Y
-30.2%

REA: Mixed Broker Views And Capital Returns Will Shape Market Premium

Analysts now see REA Group's fair value at A$151.14, down from A$164.17, reflecting updated assumptions for a slightly higher discount rate, more moderate revenue growth expectations, a firmer profit margin outlook, and a lower future P/E multiple, following mixed recent commentary from both upgrading and downgrading research houses. Analyst Commentary Recent research has presented a mixed picture for REA Group, with JPMorgan moving to a more constructive stance while other bearish analysts have trimmed expectations and taken a more cautious view on the stock.
TPG
AU$4.02
TPG Telecom
7D
-0.2%
1Y
-15.9%

TPG: Stable Fair Value And Refined Assumptions Will Guide Future Returns

Analysts have maintained the TPG Telecom price target at A$4.11, making only minor adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions. This reflects a largely unchanged view of the stock's key valuation drivers.
FTI
AU$0.40
Fortifai
7D
11.1%
1Y
1,233.3%
IGL
AU$2.61
IVE Group
7D
6.5%
1Y
11.1%
SHO
AU$0.087
SportsHero
7D
-11.2%
1Y
234.6%
A1N
AU$0.23
ARN Media
7D
-19.0%
1Y
-61.2%
ABB
AU$4.78
Aussie Broadband
7D
-0.8%
1Y
20.4%