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Australian (ASX) Telecom Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies42
  • 7D-2.1%
  • 3M-8.1%
  • 1Y-8.8%
  • YTD-6.1%

Over the last 7 days, the Telecom industry has dropped 2.1%, driven by REA Group declining 7.1%. However, the industry is down 8.8% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026AU$113.2bAU$42.3bAU$3.3b34x34x2.7x
Fri, 16 Jan 2026AU$119.5bAU$42.2bAU$3.4b36.8x35x2.8x
Sun, 14 Dec 2025AU$120.5bAU$43.5bAU$3.4b35.2x35.1x2.8x
Tue, 11 Nov 2025AU$131.4bAU$43.5bAU$3.4b36.8x38.2x3x
Thu, 09 Oct 2025AU$131.0bAU$43.6bAU$3.4b40.8x38.1x3x
Sat, 06 Sep 2025AU$135.8bAU$43.5bAU$3.4b42.5x39.6x3.1x
Mon, 04 Aug 2025AU$136.5bAU$44.4bAU$2.4b35.3x56.1x3.1x
Wed, 02 Jul 2025AU$136.2bAU$44.4bAU$2.2b35.4x60.8x3.1x
Fri, 30 May 2025AU$135.3bAU$44.4bAU$2.2b40.7x60.4x3x
Sun, 27 Apr 2025AU$126.6bAU$44.4bAU$2.2b39.3x56.5x2.9x
Tue, 25 Mar 2025AU$124.2bAU$44.4bAU$2.2b35.2x55.6x2.8x
Thu, 20 Feb 2025AU$126.3bAU$44.0bAU$2.3b30.7x54.8x2.9x
Sat, 18 Jan 2025AU$121.3bAU$44.0bAU$1.9b23.9x64.2x2.8x
Mon, 16 Dec 2024AU$123.2bAU$44.0bAU$1.9b24.4x65.2x2.8x
Wed, 13 Nov 2024AU$122.5bAU$44.0bAU$1.9b23.5x64.8x2.8x
Fri, 11 Oct 2024AU$119.7bAU$44.0bAU$1.9b24.3x63.3x2.7x
Sun, 08 Sep 2024AU$116.5bAU$44.0bAU$1.9b20.6x62.9x2.6x
Tue, 06 Aug 2024AU$110.3bAU$43.6bAU$2.8b22.2x38.8x2.5x
Thu, 04 Jul 2024AU$108.6bAU$43.6bAU$2.8b22.1x38.2x2.5x
Sat, 01 Jun 2024AU$108.0bAU$43.6bAU$2.8b22.9x37.9x2.5x
Mon, 29 Apr 2024AU$107.8bAU$43.6bAU$2.9b30.3x37.4x2.5x
Wed, 27 Mar 2024AU$113.2bAU$43.6bAU$2.9b30x39.2x2.6x
Fri, 23 Feb 2024AU$115.4bAU$43.4bAU$2.9b26.4x40x2.7x
Sun, 21 Jan 2024AU$117.4bAU$43.2bAU$3.4b21.9x34.8x2.7x
Tue, 19 Dec 2023AU$114.8bAU$43.2bAU$3.4b19.9x34x2.7x
Thu, 16 Nov 2023AU$110.4bAU$43.2bAU$3.4b21.8x32.7x2.6x
Sat, 14 Oct 2023AU$111.8bAU$43.2bAU$3.4b20.9x33.2x2.6x
Mon, 11 Sep 2023AU$113.3bAU$43.2bAU$3.4b21x33.7x2.6x
Wed, 09 Aug 2023AU$116.0bAU$42.0bAU$3.3b19.9x35.5x2.8x
Fri, 07 Jul 2023AU$113.9bAU$42.4bAU$3.3b22.2x34.7x2.7x
Sun, 04 Jun 2023AU$113.9bAU$42.4bAU$3.3b20.6x34.7x2.7x
Tue, 02 May 2023AU$115.3bAU$42.4bAU$3.3b23.6x35.2x2.7x
Thu, 30 Mar 2023AU$110.5bAU$42.4bAU$3.3b21.8x33.7x2.6x
Sat, 25 Feb 2023AU$109.4bAU$42.0bAU$3.4b31.2x32.5x2.6x
Price to Earnings Ratio

32.5x


Total Market Cap: AU$109.4bTotal Earnings: AU$3.4bTotal Revenue: AU$42.0bTotal 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 34.0x 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 Market0.47%
Telecom-2.09%
Entertainment2.84%
Telecom Services and Carriers1.10%
Wireless Telecom0%0
Media-4.54%
Interactive Media and Services-7.51%
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 20.1%, 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 of 0.077x.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 20% over the next 5 years.
  • 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$4.961.6%
+AU$899.6m		26.5%PE25.7x
SLC SuperloopAU$2.8620.2%
+AU$247.1m		35.5%PE1218.6x
TPG TPG TelecomAU$3.881.8%
+AU$137.1m		-12.8%PS1.4x
EVT EVTAU$13.152.9%
+AU$60.1m		8.0%PE64x
FTI FortifaiAU$0.4151.9%
+AU$42.4m		1,071.4%PS28.7x

Latest News

SLC
AU$2.86
Superloop
7D
20.2%
1Y
35.5%
SEK
AU$16.10
SEEK
7D
-13.2%
1Y
-38.3%
TLS
AU$4.96
Telstra Group
7D
1.6%
1Y
26.5%

TLS: Stable Fair Value Will Rely On Modest Margin And Multiple Support

Analysts have kept their A$4.97 price target for Telstra Group broadly unchanged, noting only slight adjustments to discount rate, revenue growth, profit margin and future P/E assumptions that offset one another in their updated model. Valuation Changes Fair Value: A$4.97 remains unchanged, with no movement in the modelled fair value estimate.
TPG
AU$3.88
TPG Telecom
7D
1.8%
1Y
-12.8%

TPG: Recent Equity Raisings Will Support Higher Future Share Returns

Analysts have nudged their price target for TPG Telecom slightly higher to A$4.28 from A$4.26. This reflects updated assumptions around discount rates, modest revenue contraction, profit margins and a higher future P/E multiple.
OML
AU$1.05
oOh!media
7D
-9.5%
1Y
-18.9%
PLY
AU$0.31
PlaySide Studios
7D
5.1%
1Y
34.8%
SHO
AU$0.093
SportsHero
7D
5.7%
1Y
210.0%
CAR
AU$26.03
CAR Group
7D
-3.6%
1Y
-30.6%
ABB
AU$5.17
Aussie Broadband
7D
-0.6%
1Y
33.6%
REA
AU$163.73
REA Group
7D
-5.3%
1Y
-38.7%
EVT
AU$13.15
EVT
7D
2.9%
1Y
8.0%

EVT: Refined Risk And Earnings Assumptions Will Support Strong Future Share Performance

Analysts have modestly adjusted their price target on EVT. The updated fair value estimate remains at $17.30, as slightly higher assumed discount rates and revenue growth, along with a small change in future P/E, refine their view on the stock's risk and earnings profile.
NEC
AU$1.10
Nine Entertainment Holdings
7D
-4.8%
1Y
-26.0%

NEC: Radio Asset Review Will Support Future Upside Potential

Analysts have nudged their price target for Nine Entertainment Holdings higher, reflecting a fair value revision from A$1.44 to A$1.45. This change points to updated assumptions around a smaller forecast revenue decline, a slightly higher discount rate, and a modestly lower future P/E multiple and profit margin outlook.
BBL
AU$1.92
Brisbane Broncos
7D
12.9%
1Y
109.8%
TUA
AU$6.52
Tuas
7D
-1.8%
1Y
-3.6%

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
ART
AU$0.26
Airtasker
7D
-7.1%
1Y
-31.6%
FTI
AU$0.41
Fortifai
7D
51.9%
1Y
1,071.4%