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Australian (ASX) Telecom Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies42
  • 7D1.1%
  • 3M-4.2%
  • 1Y-4.3%
  • YTD-4.2%

The Telecom industry has been flat over the last week, but Tuas has lost 6.3%. As for the longer term, the industry has declined 3.7% 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
Fri, 03 Apr 2026AU$114.9bAU$42.1bAU$3.3b27.1x34.9x2.7x
Sun, 01 Mar 2026AU$117.0bAU$42.1bAU$3.3b33.3x35.6x2.8x
Tue, 27 Jan 2026AU$118.4bAU$42.2bAU$3.4b37x34.6x2.8x
Thu, 25 Dec 2025AU$119.6bAU$43.5bAU$3.4b35.1x34.8x2.7x
Sat, 22 Nov 2025AU$122.5bAU$43.5bAU$3.4b35.6x35.6x2.8x
Mon, 20 Oct 2025AU$130.6bAU$43.6bAU$3.4b39.9x38x3x
Wed, 17 Sep 2025AU$134.5bAU$43.5bAU$3.4b43.3x39.2x3.1x
Fri, 15 Aug 2025AU$137.5bAU$44.6bAU$3.0b28.7x46.5x3.1x
Sun, 13 Jul 2025AU$135.2bAU$44.4bAU$2.2b35.2x60.3x3x
Tue, 10 Jun 2025AU$134.3bAU$44.4bAU$2.2b41.2x59.9x3x
Thu, 08 May 2025AU$130.7bAU$44.4bAU$2.2b42.6x58.3x2.9x
Sat, 05 Apr 2025AU$121.8bAU$44.4bAU$2.2b38.3x54.4x2.7x
Mon, 03 Mar 2025AU$126.6bAU$44.4bAU$2.2b36.2x56.6x2.8x
Wed, 29 Jan 2025AU$123.5bAU$44.0bAU$1.9b23.8x65.3x2.8x
Fri, 27 Dec 2024AU$122.1bAU$44.0bAU$1.9b24.4x64.6x2.8x
Sun, 24 Nov 2024AU$124.0bAU$44.0bAU$1.9b23.4x65.6x2.8x
Tue, 22 Oct 2024AU$120.7bAU$44.0bAU$1.9b26.6x63.9x2.7x
Thu, 19 Sep 2024AU$117.0bAU$44.0bAU$1.9b20.5x62.9x2.7x
Sat, 17 Aug 2024AU$117.2bAU$43.9bAU$2.1b28.2x56.3x2.7x
Mon, 15 Jul 2024AU$113.8bAU$43.6bAU$2.8b22.5x40x2.6x
Wed, 12 Jun 2024AU$110.2bAU$43.6bAU$2.8b22.7x38.7x2.5x
Fri, 10 May 2024AU$110.3bAU$43.6bAU$2.8b30.2x38.8x2.5x
Sun, 07 Apr 2024AU$111.9bAU$43.6bAU$2.9b30x38.8x2.6x
Tue, 05 Mar 2024AU$115.0bAU$43.6bAU$2.9b35.2x39.8x2.6x
Thu, 01 Feb 2024AU$120.1bAU$43.2bAU$3.4b21.9x35.6x2.8x
Sat, 30 Dec 2023AU$118.5bAU$43.2bAU$3.4b20.9x35.1x2.7x
Mon, 27 Nov 2023AU$108.4bAU$43.2bAU$3.4b20.9x32.1x2.5x
Wed, 25 Oct 2023AU$108.8bAU$43.2bAU$3.4b20.9x32.3x2.5x
Fri, 22 Sep 2023AU$111.5bAU$43.2bAU$3.4b19.9x33.1x2.6x
Sun, 20 Aug 2023AU$113.2bAU$42.8bAU$3.6b18.1x31.2x2.6x
Tue, 18 Jul 2023AU$115.4bAU$42.4bAU$3.3b20.3x35.2x2.7x
Thu, 15 Jun 2023AU$112.8bAU$42.4bAU$3.3b19.8x34.4x2.7x
Sat, 13 May 2023AU$114.4bAU$42.4bAU$3.3b21.4x34.9x2.7x
Mon, 10 Apr 2023AU$113.3bAU$42.4bAU$3.3b22.5x34.5x2.7x
Price to Earnings Ratio

34.5x


Total Market Cap: AU$113.3bTotal 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 35.1x 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 Market0.42%
Telecom1.10%
Entertainment4.20%
Media4.15%
Telecom Services and Carriers1.46%
Wireless Telecom0%0
Interactive Media and Services-0.14%
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 19.4%, 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 8.6% 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$5.422.1%
+AU$1.2b		24.9%PE26.8x
NEC Nine Entertainment HoldingsAU$0.968.4%
+AU$118.8m		-35.5%PE10.5x
TPG TPG TelecomAU$4.081.5%
+AU$117.1m		-13.6%PE153.2x
EVT EVTAU$13.194.5%
+AU$92.6m		0.9%PE53.4x
REA REA GroupAU$154.410.5%
+AU$90.5m		-31.8%PE35.4x

Latest News

A1N
AU$0.23
ARN Media
7D
-24.2%
1Y
-61.2%

What Is ARN Media Limited's (ASX:A1N) Share Price Doing?

Apr 02
What Is ARN Media Limited's (ASX:A1N) Share Price Doing?
REA
AU$154.41
REA Group
7D
0.5%
1Y
-31.8%

REA: Broker Split And Buyback Plan Will Shape Future Market Premium

Analysts have trimmed their average price target for REA Group slightly, with fair value easing from about A$151.14 to A$150.82. This reflects updated views on revenue growth, profit margins and future P/E assumptions after recent mixed rating changes from JPMorgan and RBC Capital.
SLC
AU$3.12
Superloop
7D
-4.3%
1Y
41.2%
NEC
AU$0.96
Nine Entertainment Holdings
7D
8.4%
1Y
-35.5%
TPG
AU$4.08
TPG Telecom
7D
1.5%
1Y
-13.6%

TPG: Stable Outlook Will Rely On Slightly Softer Discount Rate Assumptions

Analysts have nudged their price target for TPG Telecom slightly higher to A$4.13 from A$4.11, reflecting small adjustments to fair value, discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. Valuation Changes Fair Value: A$4.11 to A$4.13, a small upward adjustment to the estimated share valuation.
SEG
AU$0.25
Sports Entertainment Group
7D
-5.7%
1Y
0%
TUA
AU$5.79
Tuas
7D
-6.3%
1Y
9.2%
PLY
AU$0.24
PlaySide Studios
7D
-5.9%
1Y
41.2%

PLY: Stable Assumptions And Margins Are Expected To Support Undervalued Profile

Analysts have kept their A$0.52 price target for PlaySide Studios unchanged, citing only minor tweaks in the discount rate, revenue growth, profit margin and future P/E assumptions as the main drivers of this steady view. Valuation Changes Fair Value: The A$0.52 fair value estimate is unchanged, indicating no revision to the headline valuation figure.
OML
AU$0.94
oOh!media
7D
3.3%
1Y
-36.4%

OML: Share Buyback And Dividend Policy Will Support Future Upside Potential

Analysts have kept their A$1.49 price target on oOh!media steady, citing relatively unchanged assumptions around revenue growth, profit margins, discount rate and future P/E as the basis for maintaining their view. What's in the News Share repurchase program announced, with plans to buy back up to 53,878,128 shares, equal to 10% of issued capital, funded from existing cash and committed debt facilities, with the program running until March 11, 2027 (Key Developments).
EVT
AU$13.19
EVT
7D
4.5%
1Y
0.9%

EVT: Upcoming Fully Franked Dividend Will Support Future Share Performance

Analysts have modestly adjusted their price target on EVT to A$17.31, reflecting updated views on discount rate, revenue growth, profit margin, and future P/E assumptions, without a clear directional shift in the overall valuation outcome. What's in the News EVT Limited declared a fully franked ordinary dividend of A$0.18 per security for the six months ended December 31, 2025 (Key Developments).
TLS
AU$5.42
Telstra Group
7D
2.1%
1Y
24.9%
CAR
AU$22.54
CAR Group
7D
-1.8%
1Y
-31.2%

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

Analysts have kept CAR Group's A$35.50 price target effectively unchanged, reflecting only minimal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions in their models. 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, giving investors clarity on the upcoming cash payout schedule.
FTI
AU$0.50
Fortifai
7D
11.1%
1Y
1,328.6%
SHO
AU$0.091
SportsHero
7D
-17.3%
1Y
264.0%
RNT
AU$0.059
Rent.com.au
7D
15.7%
1Y
227.8%
FRX
AU$0.023
FlexiRoam
7D
27.8%
1Y
360.0%