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Australian (ASX) Telecom Sector Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies42
  • 7D-4.5%
  • 3M-14.1%
  • 1Y-8.7%
  • YTD-5.9%

Over the last 7 days, the Telecom industry has dropped 4.5%, driven by a pullback from REA Group of 11%. The industry has fallen 8.7% in the last year. 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
Mon, 09 Feb 2026AU$113.1bAU$42.2bAU$3.3b33.6x34.1x2.7x
Wed, 07 Jan 2026AU$118.1bAU$43.5bAU$3.4b34.6x34.4x2.7x
Fri, 05 Dec 2025AU$122.4bAU$43.5bAU$3.4b36x35.6x2.8x
Sun, 02 Nov 2025AU$131.2bAU$43.5bAU$3.4b39.3x38.2x3x
Tue, 30 Sep 2025AU$134.0bAU$43.6bAU$3.4b42.5x39x3.1x
Thu, 28 Aug 2025AU$139.7bAU$44.0bAU$3.4b41.8x41.2x3.2x
Sat, 26 Jul 2025AU$136.3bAU$44.4bAU$2.2b35.2x60.8x3.1x
Mon, 23 Jun 2025AU$135.3bAU$44.4bAU$2.2b36.6x60.4x3x
Wed, 21 May 2025AU$133.4bAU$44.4bAU$2.2b39.5x59.5x3x
Fri, 18 Apr 2025AU$125.6bAU$44.4bAU$2.2b38.9x56.1x2.8x
Sun, 16 Mar 2025AU$122.3bAU$44.4bAU$2.2b33.8x54.8x2.8x
Tue, 11 Feb 2025AU$125.0bAU$44.1bAU$2.2b23.5x56.3x2.8x
Thu, 09 Jan 2025AU$123.2bAU$44.0bAU$1.9b24.7x65.2x2.8x
Sat, 07 Dec 2024AU$126.0bAU$44.0bAU$1.9b24.5x66.7x2.9x
Mon, 04 Nov 2024AU$118.8bAU$44.0bAU$1.9b23.3x62.9x2.7x
Wed, 02 Oct 2024AU$118.7bAU$44.0bAU$1.9b24.6x62.8x2.7x
Fri, 30 Aug 2024AU$117.8bAU$44.0bAU$2.1b22.6x56.9x2.7x
Sun, 28 Jul 2024AU$112.3bAU$43.6bAU$2.8b23.4x39.5x2.6x
Tue, 25 Jun 2024AU$110.7bAU$43.6bAU$2.8b22.7x38.9x2.5x
Thu, 23 May 2024AU$107.9bAU$43.6bAU$2.8b25.7x37.9x2.5x
Sat, 20 Apr 2024AU$108.8bAU$43.6bAU$2.9b29x37.7x2.5x
Mon, 18 Mar 2024AU$112.3bAU$43.6bAU$2.9b30.6x39x2.6x
Wed, 14 Feb 2024AU$116.0bAU$43.1bAU$2.8b24.3x41.6x2.7x
Fri, 12 Jan 2024AU$116.8bAU$43.2bAU$3.4b20.9x34.6x2.7x
Sun, 10 Dec 2023AU$111.4bAU$43.2bAU$3.4b20x33x2.6x
Tue, 07 Nov 2023AU$110.0bAU$43.2bAU$3.4b21.4x32.6x2.5x
Thu, 05 Oct 2023AU$110.4bAU$43.2bAU$3.4b19.9x32.7x2.6x
Sat, 02 Sep 2023AU$114.9bAU$43.2bAU$3.4b19.9x34.2x2.7x
Mon, 31 Jul 2023AU$117.1bAU$42.4bAU$3.3b21x35.7x2.8x
Wed, 28 Jun 2023AU$110.6bAU$42.4bAU$3.3b19.5x33.7x2.6x
Fri, 26 May 2023AU$114.1bAU$42.4bAU$3.3b20.7x34.8x2.7x
Sun, 23 Apr 2023AU$113.8bAU$42.4bAU$3.3b22.9x34.7x2.7x
Tue, 21 Mar 2023AU$109.0bAU$42.4bAU$3.3b21.9x33.2x2.6x
Thu, 16 Feb 2023AU$108.9bAU$40.4bAU$3.3b33.6x32.7x2.7x
Price to Earnings Ratio

32.7x


Total Market Cap: AU$108.9bTotal Earnings: AU$3.3bTotal Revenue: AU$40.4bTotal 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 34.1x 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
  • 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 Market-2.49%
Telecom-4.55%
Entertainment1.05%
Wireless Telecom0%0
Telecom Services and Carriers-0.48%
Media-1.75%
Interactive Media and Services-11.53%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 196x.
    • Analysts are expecting annual earnings growth of 20.0%, 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 of 0.012x.
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
TPG TPG TelecomAU$3.890.5%
+AU$39.2m		-12.0%PS1.4x
FTI FortifaiAU$0.24-5.9%
AU$35.0m		500.0%PS16.8x
BBL Brisbane BroncosAU$1.8517.5%
+AU$27.0m		101.1%PE24.3x
SHO SportsHeroAU$0.08310.7%
+AU$6.6m		207.4%PS1550.2x
PLY PlaySide StudiosAU$0.273.8%
+AU$4.5m		35.0%PS2.5x

Latest News

REA
AU$168.10
REA Group
7D
-11.4%
1Y
-35.9%

REA Group (ASX:REA) Will Pay A Dividend Of A$1.24

Feb 09
REA Group (ASX:REA) Will Pay A Dividend Of A$1.24
FDV
AU$0.27
Frontier Digital Ventures
7D
-13.1%
1Y
20.5%

Frontier Digital Ventures (ASX:FDV) Is In A Strong Position To Grow Its Business

Feb 07
Frontier Digital Ventures (ASX:FDV) Is In A Strong Position To Grow Its Business
BBL
AU$1.85
Brisbane Broncos
7D
17.5%
1Y
101.1%
SEK
AU$18.31
SEEK
7D
-12.7%
1Y
-21.5%
PLY
AU$0.27
PlaySide Studios
7D
3.8%
1Y
35.0%

PlaySide Studios: Market Is Sleeping on a Potential 10M+ Unit Breakout Year, FY26 Could Be the Rerate of the Decade

PlaySide Studios (ASX: PLY) is still being priced like a sleepy, low-growth work-for-hire studio, despite now sitting on the largest and most statistically credible IP slate in its history, backed by hard wishlist data and a materially leaner cost base. After reviewing the updated Steam wishlist data, indie comps, sell-through ratios, past margins and the latest company guidance, my view is: If the upcoming slate lands even “normally well”, FY26 earnings power justifies a move from ~0.265 today into the 0.70–1.00 range over the next 12–18 months, with upside beyond that if one title genuinely breaks out.
CAR
AU$24.48
CAR Group
7D
-11.3%
1Y
-40.3%

CAR: Future CFO Appointment Will Support Confidence In Earnings Trajectory

Analysts have trimmed their price target for CAR Group to about A$38, citing slightly lower fair value estimates and modest adjustments to growth, margin and future P/E assumptions in their updated models. What's in the News CAR Group Limited appointed Geoff Trumbull as Chief Financial Officer, effective 2 March 2026, bringing over 20 years of finance experience across industrial, infrastructure and consumer sectors (Key Developments).
TPG
AU$3.89
TPG Telecom
7D
0.5%
1Y
-12.0%

TPG: Equity Raisings And Special Dividend Will Support Balanced Future Returns

Analysts have trimmed their price target for TPG Telecom to A$4.26 from A$4.51, citing slightly lower fair value estimates along with modestly softer assumptions for long term revenue growth, profit margins and future P/E multiples. What's in the News TPG Telecom completed a follow on equity offering totaling A$73.42 million through a rights issue of 20,585,238 ordinary shares at A$3.566623 per share (company filing).
ABB
AU$4.36
Aussie Broadband
7D
-3.5%
1Y
11.5%
OML
AU$1.15
oOh!media
7D
-7.6%
1Y
-3.0%

OML: Steady Growth Assumptions And Higher Required Returns Will Support Future Upside

Analysts have slightly reduced their price target for oOh!media, reflecting a modestly higher discount rate and a small adjustment to projected profit margins and future P/E, while keeping their assessed fair value at A$1.66 per share. Valuation Changes Fair Value: Unchanged at A$1.66 per share, with no adjustment to the central valuation estimate.
ASP
AU$0.009
Aspermont
7D
12.5%
1Y
50.0%
SHO
AU$0.083
SportsHero
7D
10.7%
1Y
207.4%
TUA
AU$6.52
Tuas
7D
-8.0%
1Y
-3.8%

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
RMY
AU$0.049
RMA Global
7D
8.9%
1Y
25.6%

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
ART
AU$0.28
Airtasker
7D
-8.3%
1Y
-29.5%
RLG
AU$0.005
RooLife Group
7D
25.0%
1Y
25.0%
FTI
AU$0.24
Fortifai
7D
-5.9%
1Y
500.0%