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Australian (ASX) Telecom Sector Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies43
  • 7D-1.2%
  • 3M-10.3%
  • 1Y-0.4%
  • YTD0.8%

Over the last 7 days, the Telecom industry has dropped 1.2%, driven by Telstra Group declining 2.4%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, 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, 15 Dec 2025AU$120.4bAU$43.5bAU$3.4b35.2x35x2.8x
Wed, 12 Nov 2025AU$132.4bAU$43.5bAU$3.4b37.5x38.5x3x
Fri, 10 Oct 2025AU$132.0bAU$43.6bAU$3.4b41x38.4x3x
Sun, 07 Sep 2025AU$135.8bAU$43.5bAU$3.4b42.5x39.6x3.1x
Tue, 05 Aug 2025AU$137.4bAU$44.4bAU$2.4b35.6x56.5x3.1x
Thu, 03 Jul 2025AU$137.1bAU$44.4bAU$2.2b35.6x61.2x3.1x
Sat, 31 May 2025AU$134.4bAU$44.4bAU$2.2b41.4x60x3x
Mon, 28 Apr 2025AU$126.6bAU$44.4bAU$2.2b39.3x56.5x2.9x
Wed, 26 Mar 2025AU$124.4bAU$44.4bAU$2.2b35.1x55.7x2.8x
Fri, 21 Feb 2025AU$129.2bAU$44.1bAU$2.4b31.6x54.5x2.9x
Sun, 19 Jan 2025AU$121.3bAU$44.0bAU$1.9b23.9x64.2x2.8x
Tue, 17 Dec 2024AU$122.1bAU$44.0bAU$1.9b24.2x64.6x2.8x
Thu, 14 Nov 2024AU$121.9bAU$44.0bAU$1.9b23.4x64.5x2.8x
Sat, 12 Oct 2024AU$119.7bAU$44.0bAU$1.9b24.1x63.3x2.7x
Mon, 09 Sep 2024AU$116.5bAU$44.0bAU$1.9b20.6x62.7x2.6x
Wed, 07 Aug 2024AU$109.8bAU$43.6bAU$2.8b22.7x38.7x2.5x
Fri, 05 Jul 2024AU$109.6bAU$43.6bAU$2.8b22.1x38.5x2.5x
Sun, 02 Jun 2024AU$108.0bAU$43.6bAU$2.8b22.9x38x2.5x
Tue, 30 Apr 2024AU$109.6bAU$43.6bAU$2.9b30.5x38x2.5x
Thu, 28 Mar 2024AU$113.2bAU$43.6bAU$2.9b30.3x39.2x2.6x
Sat, 24 Feb 2024AU$116.0bAU$43.4bAU$2.9b28.4x39.9x2.7x
Mon, 22 Jan 2024AU$117.4bAU$43.2bAU$3.4b21.9x34.8x2.7x
Wed, 20 Dec 2023AU$116.0bAU$43.2bAU$3.4b20.9x34.4x2.7x
Fri, 17 Nov 2023AU$110.4bAU$43.2bAU$3.4b21.8x32.7x2.6x
Sun, 15 Oct 2023AU$111.8bAU$43.2bAU$3.4b20.9x33.2x2.6x
Tue, 12 Sep 2023AU$113.5bAU$43.2bAU$3.4b20.8x33.7x2.6x
Thu, 10 Aug 2023AU$117.0bAU$42.0bAU$3.3b20.1x35.8x2.8x
Sat, 08 Jul 2023AU$111.6bAU$42.4bAU$3.3b21.7x34x2.6x
Mon, 05 Jun 2023AU$113.9bAU$42.4bAU$3.3b20.6x34.7x2.7x
Wed, 03 May 2023AU$115.4bAU$42.4bAU$3.3b23.1x35.2x2.7x
Fri, 31 Mar 2023AU$111.0bAU$42.4bAU$3.3b21.8x33.8x2.6x
Sun, 26 Feb 2023AU$109.4bAU$42.1bAU$3.4b31.2x32.6x2.6x
Tue, 24 Jan 2023AU$108.7bAU$40.3bAU$3.0b35.7x36x2.7x
Thu, 22 Dec 2022AU$102.8bAU$40.3bAU$3.0b33.6x34.1x2.6x
Price to Earnings Ratio

34.1x


Total Market Cap: AU$102.8bTotal Earnings: AU$3.0bTotal Revenue: AU$40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Sector Price to Earnings3Y Average 44.3x202320242025
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 4.4% per year over the last three years.
  • Revenues for these companies have grown 2.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

AU Market0.56%
Telecom-1.20%
Wireless Telecom0%0
Telecom Services and Carriers-0.082%
Media-0.47%
Entertainment-2.39%
Interactive Media and Services-2.86%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 194x.
    • 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 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
TPG TPG TelecomAU$3.802.2%
+AU$155.1m		-14.8%PS1.3x
TUA TuasAU$7.021.6%
+AU$60.3m		18.0%PE479.4x
NEC Nine Entertainment HoldingsAU$1.130.4%
+AU$7.9m		-10.0%PE17.2x
FRX FlexiRoamAU$0.01721.4%
+AU$4.6m		54.5%PS1.9x
PLY PlaySide StudiosAU$0.224.8%
+AU$4.5m		-45.7%PS2x

Latest News

EVT
AU$13.80
EVT
7D
-2.9%
1Y
20.0%

EVT: Stronger Revenue Outlook Suggests Shares Will Outperform From Current Levels

Analysts have trimmed their price target on EVT by approximately $1.00 to reflect a slightly higher discount rate. This is partially offset by stronger expected revenue growth and modestly improved profit margins, along with a lower assumed future P/E multiple.
FDV
AU$0.31
Frontier Digital Ventures
7D
-10.1%
1Y
-17.3%
SEK
AU$22.88
SEEK
7D
-4.1%
1Y
-6.8%

SEEK's (ASX:SEK) Returns On Capital Are Heading Higher

Dec 09
SEEK's (ASX:SEK) Returns On Capital Are Heading Higher
REA
AU$188.09
REA Group
7D
-1.1%
1Y
-21.6%

REA: Recent Pullback Will Set Stage For EPS Outperformance-Driven Rebound

Analysts have nudged their price target for REA Group slightly higher to A$270.00, citing expectations for steadier long term growth, earnings forecasts that are modestly above consensus, and a belief that recent share price underperformance and regulatory concerns are overdone. Analyst Commentary Bullish analysts highlight that the recent pullback in REA Group shares has created a more attractive entry point relative to their growth outlook and earnings power.
NEC
AU$1.13
Nine Entertainment Holdings
7D
0.4%
1Y
-10.0%

NEC: Targeted Media Acquisitions Will Support Future Upside Despite Radio Divestment Uncertainty

Analysts have modestly revised their price target on Nine Entertainment Holdings upward by AUD 0.00, reflecting slightly lower perceived risk and a marginally cheaper forward earnings multiple, while keeping assumptions for revenue growth and profit margins effectively unchanged. What's in the News CEO Matt Stanton signalled Nine will pursue targeted bolt on acquisitions using proceeds from the Domain real estate stake, focusing on adjacent businesses that complement its print and Channel 9 broadcast portfolio rather than large transformational deals (The Australian).
PLY
AU$0.22
PlaySide Studios
7D
4.8%
1Y
-45.7%

PLY: Revenue Will Exceed A$49 Million As Profitability Improves

Analysts have nudged their price target on PlaySide Studios slightly higher to reflect a modestly lower perceived risk and marginally improved profitability and growth assumptions, resulting in a fair value that remains effectively unchanged at A$0.52 per share. What's in the News Confirmed financial guidance for fiscal 2026, with revenue expected to exceed fiscal 2025's A$49 million along with lower operating costs (company guidance).
TLS
AU$4.83
Telstra Group
7D
-2.4%
1Y
21.1%

TLS Margins And Cash Flow Will Shape Measured Upside Outlook

Analysts have nudged their price target on Telstra Group modestly higher to reflect a slightly increased fair value estimate of about $4.94, citing ongoing revenue growth, resilient margins, and expectations for stronger future earnings multiples despite a marginally higher discount rate. Analyst Commentary Bullish analysts view Telstra Group's recent performance and guidance as evidence that the company is entering a more durable growth phase, with improving earnings quality and greater visibility on cash generation.
TPG
AU$3.80
TPG Telecom
7D
2.2%
1Y
-14.8%

TPG: Upcoming Capital Return Will Support Future Shareholder Upside Potential

Analysts have trimmed their price target on TPG Telecom slightly to approximately $5.00 per share, citing marginally higher discount rate assumptions, along with largely unchanged expectations for revenue growth, profit margins, and future valuation multiples. What's in the News TPG Telecom has completed a follow-on equity offering of approximately AUD 300 million via a subsequent direct listing of 83.1 million ordinary shares at AUD 3.61 per share (company filing).
GTN
AU$0.29
GTN
7D
5.5%
1Y
-50.4%
ABB
AU$5.02
Aussie Broadband
7D
-1.4%
1Y
35.7%

Is Aussie Broadband Limited (ASX:ABB) Trading At A 49% Discount?

Nov 27
Is Aussie Broadband Limited (ASX:ABB) Trading At A 49% Discount?
BBL
AU$1.54
Brisbane Broncos
7D
3.0%
1Y
62.1%

Further Upside For Brisbane Broncos Limited (ASX:BBL) Shares Could Introduce Price Risks After 32% Bounce

Nov 25
Further Upside For Brisbane Broncos Limited (ASX:BBL) Shares Could Introduce Price Risks After 32% Bounce
SLC
AU$2.57
Superloop
7D
-2.3%
1Y
16.8%

Superloop Limited (ASX:SLC) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless

Nov 22
Superloop Limited (ASX:SLC) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless
CAR
AU$31.16
CAR Group
7D
-4.9%
1Y
-17.6%
TUA
AU$7.02
Tuas
7D
1.6%
1Y
18.0%
EGG
AU$0.62
Enero Group
7D
6.0%
1Y
-42.1%

Enero Group (ASX:EGG) Has A Pretty Healthy Balance Sheet

Oct 17
Enero Group (ASX:EGG) Has A Pretty Healthy Balance Sheet
FRX
AU$0.017
FlexiRoam
7D
21.4%
1Y
54.5%