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Australian (ASX) Telecom Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies42
  • 7D-0.4%
  • 3M-6.9%
  • 1Y-6.0%
  • YTD-4.0%

The Telecom industry has stayed flat over the last week. Unfortunately though, the industry is down 6.0% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026AU$115.4bAU$42.5bAU$3.2b31.9x36x2.7x
Sun, 25 Jan 2026AU$118.4bAU$42.2bAU$3.4b37x34.6x2.8x
Tue, 23 Dec 2025AU$119.8bAU$43.5bAU$3.4b35.6x34.9x2.8x
Thu, 20 Nov 2025AU$122.6bAU$43.5bAU$3.4b35.7x35.7x2.8x
Sat, 18 Oct 2025AU$130.6bAU$43.6bAU$3.4b39.9x38x3x
Mon, 15 Sep 2025AU$134.4bAU$43.5bAU$3.4b42.3x39.2x3.1x
Wed, 13 Aug 2025AU$140.2bAU$44.5bAU$2.5b35.3x55.8x3.2x
Fri, 11 Jul 2025AU$135.8bAU$44.4bAU$2.2b35.5x60.6x3.1x
Sun, 08 Jun 2025AU$134.3bAU$44.4bAU$2.2b41.2x59.9x3x
Tue, 06 May 2025AU$129.0bAU$44.4bAU$2.2b41.2x57.6x2.9x
Thu, 03 Apr 2025AU$123.6bAU$44.4bAU$2.2b39.9x55.2x2.8x
Sat, 01 Mar 2025AU$126.6bAU$44.4bAU$2.3b31.6x55.1x2.8x
Mon, 27 Jan 2025AU$122.3bAU$44.0bAU$1.9b23.7x64.7x2.8x
Wed, 25 Dec 2024AU$122.1bAU$44.0bAU$1.9b24.4x64.6x2.8x
Fri, 22 Nov 2024AU$123.9bAU$44.0bAU$1.9b23.4x65.5x2.8x
Sun, 20 Oct 2024AU$120.2bAU$44.0bAU$1.9b26x63.6x2.7x
Tue, 17 Sep 2024AU$116.9bAU$44.0bAU$1.9b20.9x62.9x2.7x
Thu, 15 Aug 2024AU$114.6bAU$43.8bAU$2.6b22.5x44x2.6x
Sat, 13 Jul 2024AU$113.8bAU$43.6bAU$2.8b22.5x40x2.6x
Mon, 10 Jun 2024AU$110.2bAU$43.6bAU$2.8b23x38.7x2.5x
Wed, 08 May 2024AU$110.5bAU$43.6bAU$2.8b31x38.9x2.5x
Fri, 05 Apr 2024AU$112.8bAU$43.6bAU$2.9b30x39x2.6x
Sun, 03 Mar 2024AU$115.0bAU$43.6bAU$2.9b34.8x39.8x2.6x
Tue, 30 Jan 2024AU$119.3bAU$43.2bAU$3.4b21.9x35.4x2.8x
Thu, 28 Dec 2023AU$117.8bAU$43.2bAU$3.4b20.9x34.9x2.7x
Sat, 25 Nov 2023AU$108.4bAU$43.2bAU$3.4b20.9x32.1x2.5x
Mon, 23 Oct 2023AU$109.8bAU$43.2bAU$3.4b20.9x32.6x2.5x
Wed, 20 Sep 2023AU$111.8bAU$43.2bAU$3.4b19.9x33.1x2.6x
Fri, 18 Aug 2023AU$115.2bAU$43.3bAU$3.6b18.2x32x2.7x
Sun, 16 Jul 2023AU$115.2bAU$42.4bAU$3.3b21.6x35.1x2.7x
Tue, 13 Jun 2023AU$111.4bAU$42.4bAU$3.3b20x33.9x2.6x
Thu, 11 May 2023AU$113.5bAU$42.4bAU$3.3b21.2x34.6x2.7x
Sat, 08 Apr 2023AU$113.3bAU$42.4bAU$3.3b22.5x34.5x2.7x
Mon, 06 Mar 2023AU$107.2bAU$42.3bAU$3.3b21.7x32.7x2.5x
Price to Earnings Ratio

32.7x


Total Market Cap: AU$107.2bTotal Earnings: AU$3.3bTotal Revenue: AU$42.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Sector Price to Earnings3Y Average 44.3x202420252026
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 36.0x 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
  • 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 Market1.08%
Telecom-0.35%
Entertainment0.24%
Telecom Services and Carriers0.17%
Wireless Telecom0%0
Interactive Media and Services-1.08%
Media-3.92%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 197x.
    • Analysts are expecting annual earnings growth of 19.9%, which is lower than the prior year's growth of 187.3% 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 of 0.054x.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 21% 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 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
TLS Telstra GroupAU$5.181.4%
+AU$762.6m		25.1%PE25.7x
REA REA GroupAU$166.392.7%
+AU$568.7m		-30.1%PE38.3x
CAR CAR GroupAU$26.524.2%
+AU$408.7m		-28.5%PE34x
SEK SEEKAU$16.561.8%
+AU$103.5m		-30.9%PS4.9x
SLC SuperloopAU$2.956.9%
+AU$97.8m		34.7%PE107.7x

Latest News

TPG
AU$3.94
TPG Telecom
7D
1.0%
1Y
-14.9%
SXL
AU$0.61
Southern Cross Media Group
7D
-7.6%
1Y
-12.9%
ABB
AU$5.08
Aussie Broadband
7D
-2.9%
1Y
28.3%
NEC
AU$1.06
Nine Entertainment Holdings
7D
-1.4%
1Y
-35.3%
HPG
AU$0.85
hipages Group Holdings
7D
-13.7%
1Y
-17.5%
SEK
AU$16.56
SEEK
7D
1.8%
1Y
-30.9%

SEK: Higher Discount Rate Will Still Support Future Earnings And Dividend Outlook

Analysts have reduced their price target for SEEK to A$25.44 from A$29.36, reflecting updated assumptions for slightly higher discount rates, more moderate revenue growth, softer profit margins and a lower future P/E multiple. What's in the News SEEK declared an ordinary cash dividend of A$0.27 per share for the six months ended 31 December 2025, providing investors with upcoming income details to consider when assessing yield expectations (Key Developments).
IGL
AU$2.99
IVE Group
7D
-3.9%
1Y
24.6%
PLY
AU$0.30
PlaySide Studios
7D
-9.1%
1Y
36.4%

PLY: Incoming CFO Will Support Margins And Sustain Undervalued Outlook

Analysts have made only a marginal tweak to their PlaySide Studios valuation, trimming the fair value estimate to A$0.52 as small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions flow through their models. What's in the News PlaySide Studios has appointed Colin Lai as Chief Financial Officer, effective March 2, 2026, following the previously announced retirement of current CFO Darren Briggs at the October 2025 AGM (Key Developments).
CAR
AU$26.52
CAR Group
7D
4.2%
1Y
-28.5%
REA
AU$166.39
REA Group
7D
2.7%
1Y
-30.1%
OML
AU$1.03
oOh!media
7D
-4.7%
1Y
-31.7%

OML: Higher Required Returns And Upcoming Dividend Will Support Future Upside

The analyst price target for oOh!media has shifted from A$1.66 to A$1.49, with analysts pointing to updated assumptions for discount rates, revenue growth, profit margins and the future P/E as the key drivers of this adjustment. What's in the News The Board of oOh!media has declared a fully franked dividend of A$0.040 per ordinary share for the six months ended 31 December 2025, providing cash returns to shareholders for that period (Key Developments).
SHO
AU$0.12
SportsHero
7D
9.5%
1Y
342.3%
TLS
AU$5.18
Telstra Group
7D
1.4%
1Y
25.1%
SLC
AU$2.95
Superloop
7D
6.9%
1Y
34.7%
FTI
AU$0.51
Fortifai
7D
9.8%
1Y
1,342.9%
TUA
AU$6.44
Tuas
7D
-1.1%
1Y
2.4%

Tuas Limited's (ASX:TUA) Earnings Haven't Escaped The Attention Of Investors

Jan 06
Tuas Limited's (ASX:TUA) Earnings Haven't Escaped The Attention Of Investors