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Australian (ASX) Telecom Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies42
  • 7D-2.7%
  • 3M-4.2%
  • 1Y-3.1%
  • YTD-4.1%

Over the last 7 days, the Telecom industry has dropped 2.7%, driven by a pullback from CAR Group of 9.5%. The industry has fallen 3.1% in the last 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
Tue, 17 Mar 2026AU$115.3bAU$42.1bAU$3.3b28.9x35.1x2.7x
Thu, 12 Feb 2026AU$115.1bAU$42.3bAU$3.3b34.6x34.5x2.7x
Sat, 10 Jan 2026AU$119.5bAU$42.2bAU$3.4b36.3x35x2.8x
Mon, 08 Dec 2025AU$122.0bAU$43.5bAU$3.4b35.9x35.5x2.8x
Wed, 05 Nov 2025AU$130.1bAU$43.5bAU$3.4b39.3x37.9x3x
Fri, 03 Oct 2025AU$133.2bAU$43.6bAU$3.4b41.2x38.7x3.1x
Sun, 31 Aug 2025AU$139.1bAU$44.1bAU$3.4b43.8x40.8x3.2x
Tue, 29 Jul 2025AU$137.3bAU$44.4bAU$2.4b35.8x56.4x3.1x
Thu, 26 Jun 2025AU$134.4bAU$44.4bAU$2.2b35.7x60x3x
Sat, 24 May 2025AU$135.4bAU$44.4bAU$2.2b40.1x60.4x3x
Mon, 21 Apr 2025AU$125.6bAU$44.4bAU$2.2b38.9x56.1x2.8x
Wed, 19 Mar 2025AU$122.7bAU$44.4bAU$2.2b34.1x55x2.8x
Fri, 14 Feb 2025AU$125.8bAU$44.0bAU$2.2b29.1x57.3x2.9x
Sun, 12 Jan 2025AU$122.2bAU$44.0bAU$1.9b24.3x64.7x2.8x
Tue, 10 Dec 2024AU$126.4bAU$44.0bAU$1.9b24.1x66.9x2.9x
Thu, 07 Nov 2024AU$121.2bAU$44.0bAU$1.9b23.3x64.1x2.8x
Sat, 05 Oct 2024AU$118.6bAU$44.0bAU$1.9b24.2x62.7x2.7x
Mon, 02 Sep 2024AU$119.2bAU$44.1bAU$1.9b25x64.3x2.7x
Wed, 31 Jul 2024AU$113.9bAU$43.6bAU$2.8b23.3x40.1x2.6x
Fri, 28 Jun 2024AU$110.4bAU$43.6bAU$2.8b22.5x38.8x2.5x
Sun, 26 May 2024AU$107.5bAU$43.6bAU$2.8b25.2x37.8x2.5x
Tue, 23 Apr 2024AU$107.9bAU$43.6bAU$2.9b28.7x37.4x2.5x
Thu, 21 Mar 2024AU$112.9bAU$43.6bAU$2.9b31.1x39.1x2.6x
Sat, 17 Feb 2024AU$115.0bAU$43.3bAU$2.8b25.1x40.7x2.7x
Mon, 15 Jan 2024AU$117.6bAU$43.2bAU$3.4b20.9x34.9x2.7x
Wed, 13 Dec 2023AU$112.5bAU$43.2bAU$3.4b19.9x33.4x2.6x
Fri, 10 Nov 2023AU$112.6bAU$43.2bAU$3.4b21.9x33.4x2.6x
Sun, 08 Oct 2023AU$109.6bAU$43.2bAU$3.4b20.9x32.5x2.5x
Tue, 05 Sep 2023AU$114.8bAU$43.2bAU$3.4b22.1x34.1x2.7x
Thu, 03 Aug 2023AU$115.5bAU$42.0bAU$3.3b19.7x35.3x2.7x
Sat, 01 Jul 2023AU$113.0bAU$42.4bAU$3.3b21.5x34.4x2.7x
Mon, 29 May 2023AU$113.9bAU$42.4bAU$3.3b20.6x34.7x2.7x
Wed, 26 Apr 2023AU$114.4bAU$42.4bAU$3.3b23x34.9x2.7x
Fri, 24 Mar 2023AU$109.5bAU$42.4bAU$3.3b21.9x33.4x2.6x
Price to Earnings Ratio

33.4x


Total Market Cap: AU$109.5bTotal Earnings: AU$3.3bTotal Revenue: AU$42.4bTotal 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 35.1x 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 2.8x.
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 Market-2.69%
Telecom-2.75%
Wireless Telecom0%0
Telecom Services and Carriers-1.28%
Entertainment-3.99%
Interactive Media and Services-4.81%
Media-10.01%
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 8.4% 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$5.251.5%
+AU$869.5m		28.4%PE26x
TPG TPG TelecomAU$3.981.0%
+AU$78.1m		-12.7%PE149.4x
SLC SuperloopAU$3.114.7%
+AU$72.1m		45.3%PE113.5x
FDV Frontier Digital VenturesAU$0.3312.1%
+AU$15.3m		51.2%PS2.6x
BBL Brisbane BroncosAU$1.714.9%
+AU$7.8m		71.9%PE21.6x

Latest News

CAR
AU$23.56
CAR Group
7D
-9.5%
1Y
-29.4%
ART
AU$0.23
Airtasker
7D
2.2%
1Y
-17.5%
TUA
AU$6.10
Tuas
7D
-3.3%
1Y
-4.4%
SEK
AU$14.60
SEEK
7D
-7.8%
1Y
-36.3%

SEK: Dividend Visibility And Modest Assumption Shifts Will Support Future Upside

Analysts have trimmed their price target for SEEK slightly to A$25.37 from A$25.44, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E that remain broadly consistent with prior views. 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, giving investors clear visibility on the upcoming payout timing (Key Developments).
NEC
AU$0.85
Nine Entertainment Holdings
7D
-7.6%
1Y
-47.4%
FDV
AU$0.33
Frontier Digital Ventures
7D
12.1%
1Y
51.2%
FTI
AU$0.35
Fortifai
7D
-21.1%
1Y
1,083.3%
REA
AU$166.09
REA Group
7D
-3.0%
1Y
-27.9%

REA: Share Buyback And Dividend Policy Will Support Future Upside

Analysts have adjusted their fair value estimate for REA Group from A$290.00 to A$253.00, reflecting updated assumptions around revenue growth, profit margins, discount rates, and future P/E multiples following mixed recent research views. Analyst Commentary Recent research on REA Group has been mixed, with an upgrade from JPMorgan and a downgrade from another major firm occurring in close succession.
TLS
AU$5.25
Telstra Group
7D
1.5%
1Y
28.4%

TLS: Future Returns Will Depend On Buybacks Dividends And P/E Support

Analysts have raised their price target on Telstra Group to A$5.21 from A$4.97, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News Telstra Group announced an increase in its equity buyback authority by A$250 million on February 19, 2026, bringing the total authorization to A$1.25 billion (Key Developments).
TPG
AU$3.98
TPG Telecom
7D
1.0%
1Y
-12.7%

TPG: Equity Raising And Higher P/E Assumptions Will Shape Future Returns

Analysts have reduced their price target for TPG Telecom from A$4.28 to A$4.11. This reflects updated views on revenue growth, profit margins and a higher future P/E assumption, supported by a slightly lower discount rate.
GTN
AU$0.24
GTN
7D
9.1%
1Y
-61.3%
BBL
AU$1.71
Brisbane Broncos
7D
4.9%
1Y
71.9%
IGL
AU$2.55
IVE Group
7D
-10.2%
1Y
11.4%
ABB
AU$4.73
Aussie Broadband
7D
-4.3%
1Y
20.7%
SLC
AU$3.11
Superloop
7D
4.7%
1Y
45.3%
SWP
AU$0.14
Swoop Holdings
7D
5.8%
1Y
5.8%