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

Australian (ASX) Telecom Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies41
  • 7D2.1%
  • 3M2.4%
  • 1Y-1.7%
  • YTD-0.2%

The Telecom industry is up 2.5% in the last week, with REA Group up 9.3%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026AU$119.7bAU$42.1bAU$3.3b27.5x36.3x2.8x
Fri, 20 Mar 2026AU$114.3bAU$42.1bAU$3.3b28.1x34.8x2.7x
Sun, 15 Feb 2026AU$111.7bAU$42.3bAU$3.3b32.1x33.5x2.6x
Tue, 13 Jan 2026AU$119.9bAU$42.2bAU$3.4b36.3x35.1x2.8x
Thu, 11 Dec 2025AU$121.6bAU$43.5bAU$3.4b35.5x35.4x2.8x
Sat, 08 Nov 2025AU$131.3bAU$43.5bAU$3.4b37.3x38.2x3x
Mon, 06 Oct 2025AU$134.4bAU$43.6bAU$3.4b41.6x39.1x3.1x
Wed, 03 Sep 2025AU$137.2bAU$43.5bAU$3.4b43.2x40x3.2x
Fri, 01 Aug 2025AU$138.4bAU$44.4bAU$2.4b35.8x56.9x3.1x
Sun, 29 Jun 2025AU$135.2bAU$44.4bAU$2.2b35.3x60.3x3x
Tue, 27 May 2025AU$135.1bAU$44.4bAU$2.2b40.3x60.3x3x
Thu, 24 Apr 2025AU$126.4bAU$44.4bAU$2.2b39.2x56.4x2.8x
Sat, 22 Mar 2025AU$124.5bAU$44.4bAU$2.2b35.4x55.8x2.8x
Mon, 17 Feb 2025AU$126.7bAU$44.0bAU$2.2b29.2x57.7x2.9x
Wed, 15 Jan 2025AU$122.6bAU$44.0bAU$1.9b24.5x64.9x2.8x
Fri, 13 Dec 2024AU$123.2bAU$44.0bAU$1.9b24.3x65.2x2.8x
Sun, 10 Nov 2024AU$121.2bAU$44.0bAU$1.9b23.6x64.1x2.8x
Tue, 08 Oct 2024AU$118.6bAU$44.0bAU$1.9b24.6x62.7x2.7x
Thu, 05 Sep 2024AU$115.4bAU$44.0bAU$1.9b20x62.2x2.6x
Sat, 03 Aug 2024AU$114.3bAU$43.6bAU$2.8b23.1x40.2x2.6x
Mon, 01 Jul 2024AU$110.7bAU$43.6bAU$2.8b22.7x38.9x2.5x
Wed, 29 May 2024AU$108.6bAU$43.6bAU$2.8b24.4x38.2x2.5x
Fri, 26 Apr 2024AU$109.8bAU$43.6bAU$2.9b29x38.1x2.5x
Sun, 24 Mar 2024AU$113.3bAU$43.6bAU$2.9b30.6x39.2x2.6x
Tue, 20 Feb 2024AU$115.8bAU$43.3bAU$2.8b25x40.9x2.7x
Thu, 18 Jan 2024AU$117.4bAU$43.2bAU$3.4b21.9x34.8x2.7x
Sat, 16 Dec 2023AU$114.8bAU$43.2bAU$3.4b19.5x34x2.7x
Mon, 13 Nov 2023AU$111.5bAU$43.2bAU$3.4b21x33.1x2.6x
Wed, 11 Oct 2023AU$112.1bAU$43.2bAU$3.4b20.6x33.2x2.6x
Fri, 08 Sep 2023AU$113.4bAU$43.2bAU$3.4b22.1x33.7x2.6x
Sun, 06 Aug 2023AU$115.5bAU$42.0bAU$3.3b19.8x35.3x2.7x
Tue, 04 Jul 2023AU$113.1bAU$42.4bAU$3.3b21.9x34.5x2.7x
Thu, 01 Jun 2023AU$113.8bAU$42.4bAU$3.3b20.4x34.7x2.7x
Sat, 29 Apr 2023AU$115.4bAU$42.4bAU$3.3b23.3x35.2x2.7x
Price to Earnings Ratio

35.2x


Total Market Cap: AU$115.4bTotal Earnings: AU$3.3bTotal Revenue: AU$42.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Sector Price to Earnings3Y Average 44.4x202420252026
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 36.3x which is lower than its 3-year average PE of 44.4x.
  • 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 Market0.21%
Telecom2.14%
Interactive Media and Services8.44%
Entertainment2.72%
Wireless Telecom0%0
Telecom Services and Carriers-0.76%
Media-1.07%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 199x.
    • 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 9.0% 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$176.449.3%
+AU$2.0b		-25.7%PE40.5x
CAR CAR GroupAU$25.918.5%
+AU$772.1m		-19.1%PE33.2x
SEK SEEKAU$15.335.8%
+AU$299.9m		-22.3%PS4.5x
TPG TPG TelecomAU$4.331.4%
+AU$117.1m		-11.3%PE162.6x
ABB Aussie BroadbandAU$5.426.7%
+AU$99.8m		44.5%PE61.8x

Latest News

REA
AU$176.44
REA Group
7D
9.3%
1Y
-25.7%
TLS
AU$5.33
Telstra Group
7D
-1.5%
1Y
20.0%

TLS: Future Returns Will Rely On Buybacks Dividends And Sentiment Resilience

Analysts have made a small adjustment to Telstra Group's price target, reflecting largely unchanged fair value estimates with only minor tweaks to assumptions such as discount rate, long term revenue growth, profit margin and future P/E, following recent sector wide software volatility rather than company specific drivers. Analyst Commentary Recent Street research on a peer name in the software and security space shows that price target changes can sit alongside relatively steady views on business quality and long term prospects.
NEC
AU$0.98
Nine Entertainment Holdings
7D
-2.0%
1Y
-25.7%

NEC: Upcoming Dividend And Meeting Will Support Fairly Positive Outlook

Analysts have reduced their price target for Nine Entertainment Holdings from A$1.20 to A$1.13, citing updated assumptions for revenue trends, profit margins and a lower forecast P/E multiple. What's in the News Nine Entertainment Holdings has scheduled a Special or Extraordinary Shareholders Meeting for May 21, 2026, at ground floor, 1 Denison Street, North Sydney, NSW 2060, Australia (Key Developments).
GTN
AU$0.19
GTN
7D
-16.5%
1Y
-68.6%
CAR
AU$25.91
CAR Group
7D
8.5%
1Y
-19.1%

CAR: Upcoming Dividend And Steady Assumptions Will Support Bullish Earnings Confidence

Analysts have adjusted their fair value estimate for CAR Group from A$35.36 to A$34.60, reflecting slightly revised assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News CAR Group declared an ordinary dividend of A$0.425 per share for the six months ended December 31, 2025, outlining the next payout amount (Key Developments).
SEK
AU$15.33
SEEK
7D
5.8%
1Y
-22.3%

AI And Data Flywheel Will Drive Freemium Adoption And Earnings Quality Tailwinds

Catalysts About SEEK SEEK operates online employment marketplaces across APAC, connecting candidates and hirers and providing data driven recruitment and HR solutions. What are the underlying business or industry changes driving this perspective?
TPG
AU$4.33
TPG Telecom
7D
1.4%
1Y
-11.3%

TPG: Fair Outlook Will Rely On Refined Discount Rate And P/E Assumptions

Analysts have nudged their price target for TPG Telecom higher to A$4.13. This is a small refinement that reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E, rather than a major shift in outlook.
HPG
AU$0.70
hipages Group Holdings
7D
-3.4%
1Y
-25.5%

HPG: Revenue Guidance For 2026 Will Support Stronger Long Term Upside

Analysts have trimmed their price target for hipages Group Holdings from A$2.02 to A$1.73 as they factor in updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News hipages Group Holdings issued earnings guidance for fiscal year 2026, setting an expected revenue range of A$90 million to A$91 million.
EVT
AU$13.55
EVT
7D
1.3%
1Y
1.9%

EVT: Upcoming Fully Franked Dividend Will Support Future Share Performance

Analysts have kept EVT's fair value unchanged at A$17.31. Small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions reflect a fine tuning of their models rather than a major shift in outlook.
ABB
AU$5.42
Aussie Broadband
7D
6.7%
1Y
44.5%
SEG
AU$0.23
Sports Entertainment Group
7D
-6.1%
1Y
-8.0%
SXL
AU$0.58
Southern Cross Media Group
7D
-0.9%
1Y
-12.8%
TUA
AU$6.10
Tuas
7D
2.3%
1Y
15.3%
EGG
AU$0.43
Enero Group
7D
-7.5%
1Y
-41.1%
FTI
AU$0.73
Fortifai
7D
15.7%
1Y
2,840.0%
RMY
AU$0.041
RMA Global
7D
-10.9%
1Y
57.7%