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Australian (ASX) Telecom Sector Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies42
  • 7D-1.5%
  • 3M-10.5%
  • 1Y-0.7%
  • YTD2.8%

In the last week, the Telecom industry is up 1.0%, with CAR Group up 2.6%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Dec 2025AU$122.9bAU$43.5bAU$3.4b35.7x35.8x2.8x
Thu, 30 Oct 2025AU$133.1bAU$43.5bAU$3.4b39.9x38.7x3.1x
Sat, 27 Sep 2025AU$133.3bAU$43.6bAU$3.4b42x38.8x3.1x
Mon, 25 Aug 2025AU$143.0bAU$44.2bAU$3.1b42.2x45.6x3.2x
Wed, 23 Jul 2025AU$136.9bAU$44.4bAU$2.2b35.3x61.1x3.1x
Fri, 20 Jun 2025AU$136.0bAU$44.4bAU$2.2b36.5x60.7x3.1x
Sun, 18 May 2025AU$131.8bAU$44.4bAU$2.2b39.7x58.8x3x
Tue, 15 Apr 2025AU$126.1bAU$44.4bAU$2.2b39.1x56.3x2.8x
Thu, 13 Mar 2025AU$122.8bAU$44.4bAU$2.2b33x54.9x2.8x
Sat, 08 Feb 2025AU$126.1bAU$44.0bAU$2.2b23.7x57x2.9x
Mon, 06 Jan 2025AU$122.5bAU$44.0bAU$1.9b24.8x64.8x2.8x
Wed, 04 Dec 2024AU$126.9bAU$44.0bAU$1.9b24.4x67.1x2.9x
Fri, 01 Nov 2024AU$119.7bAU$44.0bAU$1.9b23.4x63.3x2.7x
Sun, 29 Sep 2024AU$117.4bAU$44.0bAU$1.9b24.7x63.1x2.7x
Tue, 27 Aug 2024AU$119.8bAU$43.9bAU$2.1b22.8x57.6x2.7x
Thu, 25 Jul 2024AU$113.6bAU$43.6bAU$2.8b23.4x40x2.6x
Sat, 22 Jun 2024AU$111.3bAU$43.6bAU$2.8b23.1x39.1x2.6x
Mon, 20 May 2024AU$111.0bAU$43.6bAU$2.8b27.3x39x2.5x
Wed, 17 Apr 2024AU$109.9bAU$43.6bAU$2.9b29.7x38.1x2.5x
Fri, 15 Mar 2024AU$112.9bAU$43.5bAU$2.9b30.8x39.2x2.6x
Sun, 11 Feb 2024AU$117.1bAU$43.0bAU$3.2b21.8x36x2.7x
Tue, 09 Jan 2024AU$115.4bAU$43.2bAU$3.4b20.9x34.2x2.7x
Thu, 07 Dec 2023AU$111.3bAU$43.2bAU$3.4b19.9x33x2.6x
Sat, 04 Nov 2023AU$110.0bAU$43.2bAU$3.4b21.6x32.6x2.5x
Mon, 02 Oct 2023AU$110.7bAU$43.2bAU$3.4b19.9x32.8x2.6x
Wed, 30 Aug 2023AU$113.9bAU$43.1bAU$3.3b21x34.3x2.6x
Fri, 28 Jul 2023AU$117.9bAU$42.4bAU$3.3b21.1x35.9x2.8x
Sun, 25 Jun 2023AU$111.6bAU$42.4bAU$3.3b19.1x34x2.6x
Tue, 23 May 2023AU$115.0bAU$42.4bAU$3.3b20.9x35x2.7x
Thu, 20 Apr 2023AU$114.0bAU$42.4bAU$3.3b22.9x34.7x2.7x
Sat, 18 Mar 2023AU$108.2bAU$42.4bAU$3.3b22x33x2.6x
Mon, 13 Feb 2023AU$107.7bAU$40.3bAU$3.0b35.9x35.9x2.7x
Wed, 11 Jan 2023AU$103.5bAU$40.3bAU$3.0b32.7x34.3x2.6x
Fri, 09 Dec 2022AU$106.7bAU$40.3bAU$3.0b35.1x35.4x2.6x
Price to Earnings Ratio

35.4x


Total Market Cap: AU$106.7bTotal Earnings: AU$3.0bTotal Revenue: AU$40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Sector Price to Earnings3Y Average 44.3x202320242025
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 36.2x which is lower than its 3-year average PE of 44.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 4.4% per year over the last three years.
  • Revenues for these companies have grown 2.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

AU Market0.76%
Telecom-1.47%
Wireless Telecom0%0
Media-0.10%
Entertainment-1.01%
Telecom Services and Carriers-1.22%
Interactive Media and Services-1.94%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 193x.
    • Analysts are expecting annual earnings growth of 20.0%, which is lower than the prior year's growth of 307.3% 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 Media industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 11% 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
CAR CAR GroupAU$34.192.6%
+AU$325.5m		-17.1%PE47x
TUA TuasAU$6.805.8%
+AU$202.9m		23.0%PE458.7x
ABB Aussie BroadbandAU$5.193.8%
+AU$55.6m		40.7%PE46.2x
SLC SuperloopAU$2.703.8%
+AU$51.5m		23.3%PE1150.4x
OML oOh!mediaAU$1.282.8%
+AU$18.9m		-0.4%PE35.3x

Latest News

REA
AU$194.28
REA Group
7D
-3.0%
1Y
-22.3%

REA Group Limited's (ASX:REA) Share Price Could Signal Some Risk

Dec 02
REA Group Limited's (ASX:REA) Share Price Could Signal Some Risk
TLS
AU$4.86
Telstra Group
7D
-2.0%
1Y
22.7%

Do Telstra Group's (ASX:TLS) Earnings Warrant Your Attention?

Dec 01
Do Telstra Group's (ASX:TLS) Earnings Warrant Your Attention?
FDV
AU$0.36
Frontier Digital Ventures
7D
-5.3%
1Y
-11.1%

Positive Sentiment Still Eludes Frontier Digital Ventures Limited (ASX:FDV) Following 26% Share Price Slump

Dec 01
Positive Sentiment Still Eludes Frontier Digital Ventures Limited (ASX:FDV) Following 26% Share Price Slump
ABB
AU$5.19
Aussie Broadband
7D
3.8%
1Y
40.7%

Is Aussie Broadband Limited (ASX:ABB) Trading At A 49% Discount?

Nov 27
Is Aussie Broadband Limited (ASX:ABB) Trading At A 49% Discount?
SEK
AU$24.10
SEEK
7D
-5.3%
1Y
-8.5%
NEC
AU$1.09
Nine Entertainment Holdings
7D
-0.9%
1Y
-14.2%

NEC: Share Rally Momentum Will Drive Future Gains Despite Television Headwinds

Analysts have revised their price target for Nine Entertainment Holdings downward from $1.56 to $1.44. This adjustment reflects increased caution on the company's television business, as well as tempered profit margin and growth outlooks.
SLC
AU$2.70
Superloop
7D
3.8%
1Y
23.3%

Superloop Limited (ASX:SLC) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless

Nov 22
Superloop Limited (ASX:SLC) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless
OML
AU$1.28
oOh!media
7D
2.8%
1Y
-0.4%

OML: Revenue Outlook Will Present Opportunity As Margins Stabilize

Narrative Update on oOh!media: Analyst Price Target Revision Analysts have revised their price target for oOh!media downward from $1.88 to $1.63, citing expectations of slower revenue growth and slimmer profit margins in the period ahead. Valuation Changes Fair Value Estimate has decreased from A$1.88 to A$1.63.
TPG
AU$3.76
TPG Telecom
7D
-0.5%
1Y
-17.2%

TPG: Equity Offerings And Special Dividend Will Drive Future Shareholder Returns

Analysts have revised TPG Telecom’s fair value estimate downward by $0.50 per share to $5.00, citing a modest contraction in profit margin expectations and a higher discount rate that is impacting future projections. What's in the News TPG Telecom has completed a follow-on equity offering worth AUD 300 million, issuing 83,102,493 ordinary shares at AUD 3.61 (Key Developments).
PLY
AU$0.23
PlaySide Studios
7D
12.5%
1Y
-46.4%

PlaySide Studios: Market Is Sleeping on a Potential 10M+ Unit Breakout Year, FY26 Could Be the Rerate of the Decade

PlaySide Studios (ASX: PLY) is being priced like a sleepy, low-growth work-for-hire shop right before the biggest IP slate in its history goes live. After going through Steam wishlist data, indie comps, sell-through ratios, past margins and the latest analyst notes, my view is simple: If the upcoming slate lands even normally well, FY26 can justify a move from around 0.19–0.20 today to the 0.70–1.00 range, with more if one title really breaks out.
ART
AU$0.34
Airtasker
7D
7.9%
1Y
6.3%
CAR
AU$34.19
CAR Group
7D
2.6%
1Y
-17.1%
TUA
AU$6.80
Tuas
7D
5.8%
1Y
23.0%
SWM
AU$0.14
Seven West Media
7D
7.7%
1Y
-9.7%
EVT
AU$13.79
EVT
7D
-1.5%
1Y
17.3%
IGL
AU$2.82
IVE Group
7D
-5.7%
1Y
30.0%