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Australian (ASX) Telecom Sector Analysis
UpdatedMar 05, 2026
DataAggregated Company Financials
Companies43
- 7D2.1%
- 3M-5.5%
- 1Y-7.0%
- YTD-3.8%
Over the last 7 days, the Telecom industry has risen 1.6%, driven by gains in REA Group and Telstra Group of 5.5% and 1.8%, respectively. Meanwhile, Nine Entertainment Holdings actually underperformed within the industry, shrinking 6.6% in the last week. In contrast, the industry has lost 7.4% in the last 12 months. Earnings are forecast to grow by 13% annually.
Sector Valuation and Performance
Has the Australian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 05 Mar 2026 | AU$115.6b | AU$42.1b | AU$3.3b | 29.3x | 35.2x | 2.7x |
| Sat, 31 Jan 2026 | AU$118.5b | AU$42.2b | AU$3.4b | 36.9x | 34.7x | 2.8x |
| Mon, 29 Dec 2025 | AU$119.7b | AU$43.5b | AU$3.4b | 35.1x | 34.8x | 2.8x |
| Wed, 26 Nov 2025 | AU$124.4b | AU$43.5b | AU$3.4b | 35.7x | 36.2x | 2.9x |
| Fri, 24 Oct 2025 | AU$132.7b | AU$43.5b | AU$3.4b | 40.4x | 38.6x | 3x |
| Sun, 21 Sep 2025 | AU$133.7b | AU$43.5b | AU$3.4b | 43.1x | 39x | 3.1x |
| Tue, 19 Aug 2025 | AU$141.0b | AU$44.1b | AU$3.0b | 28.5x | 47.7x | 3.2x |
| Thu, 17 Jul 2025 | AU$137.0b | AU$44.4b | AU$2.2b | 35.1x | 61.1x | 3.1x |
| Sat, 14 Jun 2025 | AU$134.8b | AU$44.4b | AU$2.2b | 40.1x | 60.1x | 3x |
| Mon, 12 May 2025 | AU$131.7b | AU$44.4b | AU$2.2b | 41.8x | 58.8x | 3x |
| Wed, 09 Apr 2025 | AU$123.1b | AU$44.4b | AU$2.2b | 38.4x | 55x | 2.8x |
| Fri, 07 Mar 2025 | AU$128.8b | AU$44.4b | AU$2.2b | 34.3x | 57.6x | 2.9x |
| Sun, 02 Feb 2025 | AU$124.8b | AU$44.0b | AU$1.9b | 23.8x | 66x | 2.8x |
| Tue, 31 Dec 2024 | AU$122.0b | AU$44.0b | AU$1.9b | 24.5x | 64.6x | 2.8x |
| Thu, 28 Nov 2024 | AU$126.3b | AU$44.0b | AU$1.9b | 23.8x | 66.8x | 2.9x |
| Sat, 26 Oct 2024 | AU$120.2b | AU$44.0b | AU$1.9b | 23.2x | 63.6x | 2.7x |
| Mon, 23 Sep 2024 | AU$117.0b | AU$44.0b | AU$1.9b | 24.5x | 63.1x | 2.7x |
| Wed, 21 Aug 2024 | AU$117.1b | AU$43.9b | AU$2.1b | 28.3x | 56.3x | 2.7x |
| Fri, 19 Jul 2024 | AU$113.8b | AU$43.6b | AU$2.8b | 22.8x | 40x | 2.6x |
| Sun, 16 Jun 2024 | AU$109.3b | AU$43.6b | AU$2.8b | 22.9x | 38.4x | 2.5x |
| Tue, 14 May 2024 | AU$110.7b | AU$43.6b | AU$2.8b | 27.4x | 38.9x | 2.5x |
| Thu, 11 Apr 2024 | AU$112.8b | AU$43.6b | AU$2.9b | 30x | 39.2x | 2.6x |
| Sat, 09 Mar 2024 | AU$115.3b | AU$43.6b | AU$2.9b | 31.3x | 40x | 2.6x |
| Mon, 05 Feb 2024 | AU$121.3b | AU$43.2b | AU$3.4b | 21.9x | 36x | 2.8x |
| Wed, 03 Jan 2024 | AU$118.5b | AU$43.2b | AU$3.4b | 19.9x | 35.1x | 2.7x |
| Fri, 01 Dec 2023 | AU$109.3b | AU$43.2b | AU$3.4b | 19.9x | 32.4x | 2.5x |
| Sun, 29 Oct 2023 | AU$106.4b | AU$43.2b | AU$3.4b | 21.3x | 31.6x | 2.5x |
| Tue, 26 Sep 2023 | AU$112.4b | AU$43.2b | AU$3.4b | 19.9x | 33.3x | 2.6x |
| Thu, 24 Aug 2023 | AU$113.6b | AU$42.8b | AU$3.6b | 16.8x | 31.7x | 2.7x |
| Sat, 22 Jul 2023 | AU$113.4b | AU$42.4b | AU$3.3b | 20.2x | 34.5x | 2.7x |
| Mon, 19 Jun 2023 | AU$113.8b | AU$42.4b | AU$3.3b | 20x | 34.7x | 2.7x |
| Wed, 17 May 2023 | AU$113.5b | AU$42.4b | AU$3.3b | 21x | 34.6x | 2.7x |
| Fri, 14 Apr 2023 | AU$113.9b | AU$42.4b | AU$3.3b | 22.7x | 34.7x | 2.7x |
| Sun, 12 Mar 2023 | AU$108.7b | AU$42.4b | AU$3.3b | 22.3x | 33.2x | 2.6x |
Price to Earnings Ratio
33.2x
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 | -2.74% | |
| Telecom | 2.09% | |
| Interactive Media and Services | 3.54% | |
| Telecom Services and Carriers | 1.79% | |
| Wireless Telecom | 0% | 0 |
| Entertainment | -2.17% | |
| Media | -3.95% | |
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 19.5%, 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 of 0.014x.
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 8.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| REA REA Group | AU$164.25 | 5.5% +AU$1.1b | -33.2% | PE37.8x | |
| TLS Telstra Group | AU$5.18 | 1.8% +AU$994.9m | 23.0% | PE25.7x | |
| TPG TPG Telecom | AU$4.05 | 3.6% +AU$245.9m | -9.6% | PE152x | |
| CAR CAR Group | AU$25.00 | 1.7% +AU$155.2m | -31.9% | PE32x | |
| SLC Superloop | AU$2.89 | 2.5% +AU$36.0m | 34.4% | PE105.5x |
