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Australian (ASX) Telecom Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies42
  • 7D-0.4%
  • 3M-9.9%
  • 1Y-0.2%
  • YTD-0.4%

In the last week, Telecom has been flat. In line with that, the industry has also been flat over the past 12 months. 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
Sun, 11 Jan 2026AU$119.5bAU$42.2bAU$3.4b36.3x35x2.8x
Tue, 09 Dec 2025AU$123.3bAU$43.5bAU$3.4b36.1x35.9x2.8x
Thu, 06 Nov 2025AU$130.8bAU$43.5bAU$3.4b38.7x38.1x3x
Sat, 04 Oct 2025AU$134.4bAU$43.6bAU$3.4b41.6x39.1x3.1x
Mon, 01 Sep 2025AU$139.1bAU$43.5bAU$3.4b43.8x40.5x3.2x
Wed, 30 Jul 2025AU$137.4bAU$44.4bAU$2.4b35.8x56.5x3.1x
Fri, 27 Jun 2025AU$134.5bAU$44.4bAU$2.2b35.6x60x3x
Sun, 25 May 2025AU$135.4bAU$44.4bAU$2.2b40.1x60.4x3x
Tue, 22 Apr 2025AU$125.6bAU$44.4bAU$2.2b38.9x56x2.8x
Thu, 20 Mar 2025AU$122.8bAU$44.4bAU$2.2b34.1x55x2.8x
Sat, 15 Feb 2025AU$126.7bAU$44.0bAU$2.2b29.2x57.7x2.9x
Mon, 13 Jan 2025AU$122.2bAU$44.0bAU$1.9b24.3x64.7x2.8x
Wed, 11 Dec 2024AU$124.7bAU$44.0bAU$1.9b24.3x66x2.8x
Fri, 08 Nov 2024AU$120.9bAU$44.0bAU$1.9b23.6x64x2.7x
Sun, 06 Oct 2024AU$118.6bAU$44.0bAU$1.9b24.2x62.7x2.7x
Tue, 03 Sep 2024AU$117.4bAU$44.1bAU$1.9b24.5x63.3x2.7x
Thu, 01 Aug 2024AU$116.0bAU$43.6bAU$2.8b23.6x40.8x2.7x
Sat, 29 Jun 2024AU$110.7bAU$43.6bAU$2.8b22.7x38.9x2.5x
Mon, 27 May 2024AU$107.5bAU$43.6bAU$2.8b25.2x37.8x2.5x
Wed, 24 Apr 2024AU$110.2bAU$43.6bAU$2.9b29.2x38.2x2.5x
Fri, 22 Mar 2024AU$114.0bAU$43.6bAU$2.9b31.3x39.5x2.6x
Sun, 18 Feb 2024AU$115.0bAU$43.3bAU$2.8b25.1x40.7x2.7x
Tue, 16 Jan 2024AU$118.4bAU$43.2bAU$3.4b21.9x35.1x2.7x
Thu, 14 Dec 2023AU$112.0bAU$43.2bAU$3.4b19.7x33.2x2.6x
Sat, 11 Nov 2023AU$111.5bAU$43.2bAU$3.4b21x33.1x2.6x
Mon, 09 Oct 2023AU$109.6bAU$43.2bAU$3.4b20.9x32.5x2.5x
Wed, 06 Sep 2023AU$114.8bAU$43.2bAU$3.4b22.1x34.1x2.7x
Fri, 04 Aug 2023AU$115.5bAU$42.0bAU$3.3b19.7x35.3x2.7x
Sun, 02 Jul 2023AU$113.0bAU$42.4bAU$3.3b21.5x34.4x2.7x
Tue, 30 May 2023AU$113.8bAU$42.4bAU$3.3b20.5x34.7x2.7x
Thu, 27 Apr 2023AU$114.6bAU$42.4bAU$3.3b23x34.9x2.7x
Sat, 25 Mar 2023AU$108.9bAU$42.4bAU$3.3b21.7x33.2x2.6x
Mon, 20 Feb 2023AU$110.2bAU$41.3bAU$3.5b32.8x31.6x2.7x
Wed, 18 Jan 2023AU$108.2bAU$40.3bAU$3.0b34.8x35.9x2.7x
Price to Earnings Ratio

35.9x


Total Market Cap: AU$108.2bTotal Earnings: AU$3.0bTotal Revenue: AU$40.3bTotal 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 35.0x 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 4.3% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

AU Market0.16%
Telecom-0.38%
Media1.03%
Entertainment0.25%
Wireless Telecom0%0
Interactive Media and Services-0.02%
Telecom Services and Carriers-0.71%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 195x.
    • 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 Media industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 6.3% per year.
  • 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
REA REA GroupAU$186.490.9%
+AU$225.7m		-22.1%PE36.3x
TPG TPG TelecomAU$3.921.3%
+AU$98.0m		-10.1%PS1.4x
NEC Nine Entertainment HoldingsAU$1.131.8%
+AU$31.7m		-12.4%PE17.2x
FDV Frontier Digital VenturesAU$0.2920.8%
+AU$21.8m		-9.4%PS1.9x
OML oOh!mediaAU$1.352.7%
+AU$18.9m		13.5%PE37.3x

Latest News

REA
AU$186.49
REA Group
7D
0.9%
1Y
-22.1%
NEC
AU$1.13
Nine Entertainment Holdings
7D
1.8%
1Y
-12.4%

NEC: Measured Bolt On Deal Strategy Will Shape Fairly Priced Outlook

Analysts have adjusted their fair value estimate for Nine Entertainment Holdings from A$1.20 to A$1.22 per share, reflecting updated assumptions around revenue contraction, profit margins and a higher future P/E multiple in their latest price target work. What's in the News Chief Executive Officer Matt Stanton has lowered expectations that Nine Entertainment will pursue a large scale, transformational transaction in the near term, signaling a more measured approach to deals.
CAR
AU$30.37
CAR Group
7D
-1.6%
1Y
-19.5%

Is CAR Group Limited (ASX:CAR) Potentially Undervalued?

Jan 08
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SWP
AU$0.12
Swoop Holdings
7D
14.3%
1Y
-31.4%

Swoop Holdings Limited's (ASX:SWP) Shares Not Telling The Full Story

Jan 07
Swoop Holdings Limited's (ASX:SWP) Shares Not Telling The Full Story
TUA
AU$6.96
Tuas
7D
-1.7%
1Y
11.5%

Tuas Limited's (ASX:TUA) Earnings Haven't Escaped The Attention Of Investors

Jan 06
Tuas Limited's (ASX:TUA) Earnings Haven't Escaped The Attention Of Investors
TPG
AU$3.92
TPG Telecom
7D
1.3%
1Y
-10.1%

TPG: Upcoming Equity Offers And Special Dividend Will Support Future Upside

Analysts have raised their fair value estimate for TPG Telecom from A$4.64 to A$4.75 per share. The change reflects updated discount rate assumptions, expectations for slightly softer revenue contraction, and minor adjustments to profit margin and forward P/E inputs.
TLS
AU$4.83
Telstra Group
7D
-0.8%
1Y
19.6%

Telstra Group Limited (ASX:TLS) Investors Are Less Pessimistic Than Expected

Dec 28
Telstra Group Limited (ASX:TLS) Investors Are Less Pessimistic Than Expected
SEK
AU$23.24
SEEK
7D
-0.6%
1Y
6.8%

SEEK Limited (ASX:SEK) Shares Could Be 25% Below Their Intrinsic Value Estimate

Dec 23
SEEK Limited (ASX:SEK) Shares Could Be 25% Below Their Intrinsic Value Estimate
OML
AU$1.35
oOh!media
7D
2.7%
1Y
13.5%

OML: Stable Margins And Modest Repricing Will Support Future Upside Potential

Analysts have modestly increased their price target on oOh!media to reflect slightly higher discount rate and profitability assumptions, resulting in a small uplift in the implied equity valuation in Australian dollars. Valuation Changes Discount Rate increased slightly from 7.90 percent to approximately 7.97 percent, implying a marginally higher required return on equity.
FDV
AU$0.29
Frontier Digital Ventures
7D
20.8%
1Y
-9.4%
RMY
AU$0.055
RMA Global
7D
12.2%
1Y
37.5%

A Piece Of The Puzzle Missing From RMA Global Limited's (ASX:RMY) 26% Share Price Climb

Dec 04
A Piece Of The Puzzle Missing From RMA Global Limited's (ASX:RMY) 26% Share Price Climb
ABB
AU$4.95
Aussie Broadband
7D
-1.0%
1Y
40.6%

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$1.59
Brisbane Broncos
7D
8.9%
1Y
70.1%

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$2.43
Superloop
7D
-4.7%
1Y
15.2%

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
ART
AU$0.34
Airtasker
7D
-5.6%
1Y
-23.0%
FTI
AU$0.33
Fortifai
7D
-13.3%
1Y
712.5%