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Australian (ASX) Telecom Sector Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies42
  • 7D0.5%
  • 3M-8.5%
  • 1Y-0.4%
  • YTD-0.4%

In the last week, the Telecom industry is up 1.4%, with REA Group up 3.1%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026AU$119.5bAU$42.2bAU$3.4b36.8x35x2.8x
Sun, 14 Dec 2025AU$120.5bAU$43.5bAU$3.4b35.2x35.1x2.8x
Tue, 11 Nov 2025AU$131.4bAU$43.5bAU$3.4b36.8x38.2x3x
Thu, 09 Oct 2025AU$131.0bAU$43.6bAU$3.4b40.8x38.1x3x
Sat, 06 Sep 2025AU$135.8bAU$43.5bAU$3.4b42.5x39.6x3.1x
Mon, 04 Aug 2025AU$136.5bAU$44.4bAU$2.4b35.3x56.1x3.1x
Wed, 02 Jul 2025AU$136.2bAU$44.4bAU$2.2b35.4x60.8x3.1x
Fri, 30 May 2025AU$135.3bAU$44.4bAU$2.2b40.7x60.4x3x
Sun, 27 Apr 2025AU$126.6bAU$44.4bAU$2.2b39.3x56.5x2.9x
Tue, 25 Mar 2025AU$124.2bAU$44.4bAU$2.2b35.2x55.6x2.8x
Thu, 20 Feb 2025AU$126.3bAU$44.0bAU$2.3b30.7x54.8x2.9x
Sat, 18 Jan 2025AU$121.3bAU$44.0bAU$1.9b23.9x64.2x2.8x
Mon, 16 Dec 2024AU$123.2bAU$44.0bAU$1.9b24.4x65.2x2.8x
Wed, 13 Nov 2024AU$122.5bAU$44.0bAU$1.9b23.5x64.8x2.8x
Fri, 11 Oct 2024AU$119.7bAU$44.0bAU$1.9b24.3x63.3x2.7x
Sun, 08 Sep 2024AU$116.5bAU$44.0bAU$1.9b20.6x62.9x2.6x
Tue, 06 Aug 2024AU$110.3bAU$43.6bAU$2.8b22.2x38.8x2.5x
Thu, 04 Jul 2024AU$108.6bAU$43.6bAU$2.8b22.1x38.2x2.5x
Sat, 01 Jun 2024AU$108.0bAU$43.6bAU$2.8b22.9x37.9x2.5x
Mon, 29 Apr 2024AU$107.8bAU$43.6bAU$2.9b30.3x37.4x2.5x
Wed, 27 Mar 2024AU$113.2bAU$43.6bAU$2.9b30x39.2x2.6x
Fri, 23 Feb 2024AU$115.4bAU$43.4bAU$2.9b26.4x40x2.7x
Sun, 21 Jan 2024AU$117.4bAU$43.2bAU$3.4b21.9x34.8x2.7x
Tue, 19 Dec 2023AU$114.8bAU$43.2bAU$3.4b19.9x34x2.7x
Thu, 16 Nov 2023AU$110.4bAU$43.2bAU$3.4b21.8x32.7x2.6x
Sat, 14 Oct 2023AU$111.8bAU$43.2bAU$3.4b20.9x33.2x2.6x
Mon, 11 Sep 2023AU$113.3bAU$43.2bAU$3.4b21x33.7x2.6x
Wed, 09 Aug 2023AU$116.0bAU$42.0bAU$3.3b19.9x35.5x2.8x
Fri, 07 Jul 2023AU$113.9bAU$42.4bAU$3.3b22.2x34.7x2.7x
Sun, 04 Jun 2023AU$113.9bAU$42.4bAU$3.3b20.6x34.7x2.7x
Tue, 02 May 2023AU$115.3bAU$42.4bAU$3.3b23.6x35.2x2.7x
Thu, 30 Mar 2023AU$110.5bAU$42.4bAU$3.3b21.8x33.7x2.6x
Sat, 25 Feb 2023AU$109.4bAU$42.0bAU$3.4b31.2x32.5x2.6x
Mon, 23 Jan 2023AU$108.6bAU$40.3bAU$3.0b35.5x36x2.7x
Price to Earnings Ratio

36x


Total Market Cap: AU$108.6bTotal 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 Market1.60%
Telecom0.52%
Media2.15%
Entertainment1.27%
Interactive Media and Services0.90%
Telecom Services and Carriers0.16%
Wireless Telecom0%0
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 20.1%, 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$188.873.1%
+AU$760.3m		-20.2%PE36.8x
TUA TuasAU$7.314.3%
+AU$164.5m		19.2%PE501.2x
TPG TPG TelecomAU$3.951.3%
+AU$98.0m		-14.1%PS1.4x
NEC Nine Entertainment HoldingsAU$1.184.9%
+AU$87.1m		-9.6%PE17.9x
EVT EVTAU$12.700.7%
+AU$14.6m		10.4%PE61.8x

Latest News

NEC
AU$1.18
Nine Entertainment Holdings
7D
4.9%
1Y
-9.6%
SEK
AU$22.92
SEEK
7D
-2.2%
1Y
2.6%
OML
AU$1.33
oOh!media
7D
-0.7%
1Y
10.4%

OML: Higher Required Returns And P/E Repricing Will Support Future Upside Potential

Analysts have lifted their price target for oOh!media to A$1.66 from A$1.63, reflecting refreshed assumptions around discount rates, revenue growth, profit margins, and a slightly higher future P/E multiple. Valuation Changes Fair Value: updated to A$1.66 from A$1.63, a small upward adjustment in the assessed price target.
HPG
AU$1.13
hipages Group Holdings
7D
-7.2%
1Y
-10.2%

HPG: Refined Risk And Margin Outlook Will Support Stronger Future Upside Potential

Analysts have maintained their hipages Group Holdings price target at A$2.80, supported by new modelling that makes minor adjustments to assumptions for discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings potential. Valuation Changes Fair Value: Price target held steady at A$2.80 per share, with no change in the central valuation outcome.
EVT
AU$12.70
EVT
7D
0.7%
1Y
10.4%

EVT: Long Term Profit Outlook Suggests Shares Will Outperform From Here

Analysts have left their price target for EVT unchanged at $18.00. This steady view reflects updated assumptions around a slightly different discount rate, revenue growth, profit margin and future P/E that largely offset one another.
PLY
AU$0.29
PlaySide Studios
7D
7.3%
1Y
-31.4%

PLY: Revenue Will Exceed A$49 Million As Margins And Costs Improve

Analysts have made a modest adjustment to their price target for PlaySide Studios, reflecting fine tuning of assumptions around discount rates, long term revenue growth of 15.83% and profit margins of 14.08%. They have kept the fair value estimate steady at A$0.52 and are using a future P/E of about 25.5x.
REA
AU$188.87
REA Group
7D
3.1%
1Y
-20.2%
CAR
AU$30.04
CAR Group
7D
-1.4%
1Y
-22.2%

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

Jan 08
Is CAR Group Limited (ASX:CAR) Potentially Undervalued?
TUA
AU$7.31
Tuas
7D
4.3%
1Y
19.2%

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
ASP
AU$0.008
Aspermont
7D
-20.0%
1Y
60.0%
TPG
AU$3.95
TPG Telecom
7D
1.3%
1Y
-14.1%

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.
EGG
AU$0.68
Enero Group
7D
8.0%
1Y
-35.7%

Enero Group Limited's (ASX:EGG) Popularity With Investors Is Under Threat From Overpricing

Dec 15
Enero Group Limited's (ASX:EGG) Popularity With Investors Is Under Threat From Overpricing
ABB
AU$4.70
Aussie Broadband
7D
-6.2%
1Y
29.1%

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$1.71
Brisbane Broncos
7D
7.5%
1Y
80.0%

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$2.40
Superloop
7D
-4.8%
1Y
11.6%

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
FTI
AU$0.29
Fortifai
7D
-10.6%
1Y
637.5%