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

Australian (ASX) Telecom Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies42
  • 7D-0.4%
  • 3M-8.7%
  • 1Y-0.2%
  • YTD-0.4%

Over the last 7 days, the Telecom industry has remained flat. In line with that, the industry has also been flat over the past 12 months. 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
Mon, 12 Jan 2026AU$119.5bAU$42.2bAU$3.4b36.3x35x2.8x
Wed, 10 Dec 2025AU$122.3bAU$43.5bAU$3.4b35.8x35.6x2.8x
Fri, 07 Nov 2025AU$130.7bAU$43.5bAU$3.4b38.3x38x3x
Sun, 05 Oct 2025AU$134.4bAU$43.6bAU$3.4b41.6x39.1x3.1x
Tue, 02 Sep 2025AU$138.6bAU$43.5bAU$3.4b43.4x40.4x3.2x
Thu, 31 Jul 2025AU$137.6bAU$44.4bAU$2.4b35.6x56.6x3.1x
Sat, 28 Jun 2025AU$135.2bAU$44.4bAU$2.2b35.3x60.3x3x
Mon, 26 May 2025AU$135.4bAU$44.4bAU$2.2b40.1x60.4x3x
Wed, 23 Apr 2025AU$124.9bAU$44.4bAU$2.2b37.7x55.7x2.8x
Fri, 21 Mar 2025AU$124.6bAU$44.4bAU$2.2b34.6x55.8x2.8x
Sun, 16 Feb 2025AU$126.7bAU$44.0bAU$2.2b29.2x57.7x2.9x
Tue, 14 Jan 2025AU$121.5bAU$44.0bAU$1.9b24.4x64.3x2.8x
Thu, 12 Dec 2024AU$124.5bAU$44.0bAU$1.9b24.4x65.9x2.8x
Sat, 09 Nov 2024AU$121.2bAU$44.0bAU$1.9b23.6x64.1x2.8x
Mon, 07 Oct 2024AU$118.6bAU$44.0bAU$1.9b24.2x62.7x2.7x
Wed, 04 Sep 2024AU$117.6bAU$44.0bAU$1.9b20.9x63.4x2.7x
Fri, 02 Aug 2024AU$116.1bAU$43.6bAU$2.8b23.5x40.9x2.7x
Sun, 30 Jun 2024AU$110.7bAU$43.6bAU$2.8b22.7x38.9x2.5x
Tue, 28 May 2024AU$108.6bAU$43.6bAU$2.8b24.9x38.2x2.5x
Thu, 25 Apr 2024AU$109.8bAU$43.6bAU$2.9b29x38.1x2.5x
Sat, 23 Mar 2024AU$113.3bAU$43.6bAU$2.9b30.6x39.2x2.6x
Mon, 19 Feb 2024AU$115.0bAU$43.3bAU$2.8b25.1x40.7x2.7x
Wed, 17 Jan 2024AU$117.9bAU$43.2bAU$3.4b21.9x35x2.7x
Fri, 15 Dec 2023AU$112.0bAU$43.2bAU$3.4b19.5x33.2x2.6x
Sun, 12 Nov 2023AU$111.5bAU$43.2bAU$3.4b21x33.1x2.6x
Tue, 10 Oct 2023AU$109.6bAU$43.2bAU$3.4b20.4x32.5x2.5x
Thu, 07 Sep 2023AU$113.6bAU$43.2bAU$3.4b22.1x33.8x2.6x
Sat, 05 Aug 2023AU$115.5bAU$42.0bAU$3.3b19.8x35.3x2.7x
Mon, 03 Jul 2023AU$113.0bAU$42.4bAU$3.3b21.5x34.4x2.7x
Wed, 31 May 2023AU$114.6bAU$42.4bAU$3.3b20.4x34.9x2.7x
Fri, 28 Apr 2023AU$114.9bAU$42.4bAU$3.3b23.1x35x2.7x
Sun, 26 Mar 2023AU$108.9bAU$42.4bAU$3.3b21.7x33.2x2.6x
Tue, 21 Feb 2023AU$109.7bAU$41.5bAU$3.6b31x30.9x2.6x
Thu, 19 Jan 2023AU$108.5bAU$40.3bAU$3.0b35.2x36x2.7x
Price to Earnings Ratio

36x


Total Market Cap: AU$108.5bTotal Earnings: AU$3.0bTotal Revenue: AU$40.3bTotal 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 35.0x 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
  • The earnings for companies in the Communication Services industry have grown 4.2% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

AU Market0.16%
Telecom-0.38%
Media1.06%
Entertainment0.25%
Wireless Telecom0%0
Interactive Media and Services-0.02%
Telecom Services and Carriers-0.71%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 195x.
    • Analysts are expecting annual earnings growth of 19.9%, 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 21% over the next 5 years.
  • This is better than its past earnings decline of 6.3% 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
REA REA GroupAU$186.254.9%
+AU$1.1b		-21.0%PE36.3x
CAR CAR GroupAU$30.562.5%
+AU$283.8m		-18.5%PE42x
TPG TPG TelecomAU$3.952.1%
+AU$156.7m		-9.8%PS1.4x
TLS Telstra GroupAU$4.850.2%
+AU$112.4m		19.8%PE25.1x
SEK SEEKAU$23.261.2%
+AU$96.3m		8.6%PE34.8x

Latest News

SEK
AU$23.26
SEEK
7D
1.2%
1Y
8.6%
HPG
AU$1.20
hipages Group Holdings
7D
-2.8%
1Y
-3.2%

HPG: Refined Risk And Margin Outlook Will Support Stronger Future Upside Potential

Analysts have maintained their hipages Group Holdings price target at A$2.80, supported by new modelling that makes minor adjustments to assumptions for discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings potential. Valuation Changes Fair Value: Price target held steady at A$2.80 per share, with no change in the central valuation outcome.
EVT
AU$12.74
EVT
7D
1.3%
1Y
15.3%

EVT: Long Term Profit Outlook Suggests Shares Will Outperform From Here

Analysts have left their price target for EVT unchanged at $18.00. This steady view reflects updated assumptions around a slightly different discount rate, revenue growth, profit margin and future P/E that largely offset one another.
SXL
AU$0.76
Southern Cross Media Group
7D
-3.2%
1Y
26.7%
PLY
AU$0.28
PlaySide Studios
7D
-5.2%
1Y
-32.9%

PLY: Revenue Will Exceed A$49 Million As Margins And Costs Improve

Analysts have made a modest adjustment to their price target for PlaySide Studios, reflecting fine tuning of assumptions around discount rates, long term revenue growth of 15.83% and profit margins of 14.08%. They have kept the fair value estimate steady at A$0.52 and are using a future P/E of about 25.5x.
REA
AU$186.25
REA Group
7D
4.9%
1Y
-21.0%
NEC
AU$1.14
Nine Entertainment Holdings
7D
3.2%
1Y
-11.3%

NEC: Measured Bolt On Deal Strategy Will Shape Fairly Priced Outlook

Analysts have adjusted their fair value estimate for Nine Entertainment Holdings from A$1.20 to A$1.22 per share, reflecting updated assumptions around revenue contraction, profit margins and a higher future P/E multiple in their latest price target work. What's in the News Chief Executive Officer Matt Stanton has lowered expectations that Nine Entertainment will pursue a large scale, transformational transaction in the near term, signaling a more measured approach to deals.
CAR
AU$30.56
CAR Group
7D
2.5%
1Y
-18.5%

Is CAR Group Limited (ASX:CAR) Potentially Undervalued?

Jan 08
Is CAR Group Limited (ASX:CAR) Potentially Undervalued?
TUA
AU$7.00
Tuas
7D
1.9%
1Y
15.3%

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
ASP
AU$0.007
Aspermont
7D
-30.0%
1Y
40.0%
TPG
AU$3.95
TPG Telecom
7D
2.1%
1Y
-9.8%

TPG: Upcoming Equity Offers And Special Dividend Will Support Future Upside

Analysts have raised their fair value estimate for TPG Telecom from A$4.64 to A$4.75 per share. The change reflects updated discount rate assumptions, expectations for slightly softer revenue contraction, and minor adjustments to profit margin and forward P/E inputs.
TLS
AU$4.85
Telstra Group
7D
0.2%
1Y
19.8%

Telstra Group Limited (ASX:TLS) Investors Are Less Pessimistic Than Expected

Dec 28
Telstra Group Limited (ASX:TLS) Investors Are Less Pessimistic Than Expected
SEG
AU$0.27
Sports Entertainment Group
7D
-5.4%
1Y
15.2%

Sports Entertainment Group Limited (ASX:SEG) Screens Well But There Might Be A Catch

Dec 03
Sports Entertainment Group Limited (ASX:SEG) Screens Well But There Might Be A Catch
ART
AU$0.32
Airtasker
7D
-7.2%
1Y
-19.0%
FTI
AU$0.29
Fortifai
7D
-9.4%
1Y
625.0%
IGL
AU$2.96
IVE Group
7D
-2.3%
1Y
41.0%