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Australian (ASX) Telecom Sector Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies41
  • 7D1.5%
  • 3M-2.0%
  • 1Y-3.9%
  • YTD-2.2%

Over the last 7 days, the Telecom industry has risen 1.5%, driven by gains in TPG Telecom and REA Group of 5.4% and 2.0%, respectively. However, the industry is down 3.9% over the past year. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026AU$117.3bAU$42.1bAU$3.3b27.7x35.6x2.8x
Fri, 13 Mar 2026AU$114.5bAU$42.1bAU$3.3b28.7x34.8x2.7x
Sun, 08 Feb 2026AU$113.1bAU$42.2bAU$3.3b33.6x34.1x2.7x
Tue, 06 Jan 2026AU$118.2bAU$43.5bAU$3.4b34.5x34.4x2.7x
Thu, 04 Dec 2025AU$122.7bAU$43.5bAU$3.4b36.4x35.7x2.8x
Sat, 01 Nov 2025AU$131.2bAU$43.5bAU$3.4b39.3x38.2x3x
Mon, 29 Sep 2025AU$133.3bAU$43.6bAU$3.4b42x38.8x3.1x
Wed, 27 Aug 2025AU$141.0bAU$44.1bAU$3.2b43.9x44.6x3.2x
Fri, 25 Jul 2025AU$136.2bAU$44.4bAU$2.2b35.2x60.8x3.1x
Sun, 22 Jun 2025AU$135.3bAU$44.4bAU$2.2b36.6x60.4x3x
Tue, 20 May 2025AU$132.4bAU$44.4bAU$2.2b39.1x59.1x3x
Thu, 17 Apr 2025AU$125.4bAU$44.4bAU$2.2b39.1x56x2.8x
Sat, 15 Mar 2025AU$122.3bAU$44.4bAU$2.2b33.8x54.8x2.8x
Mon, 10 Feb 2025AU$126.1bAU$44.0bAU$2.2b23.7x57x2.9x
Wed, 08 Jan 2025AU$123.9bAU$44.0bAU$1.9b24.8x65.6x2.8x
Fri, 06 Dec 2024AU$126.9bAU$44.0bAU$1.9b24.6x67.1x2.9x
Sun, 03 Nov 2024AU$118.8bAU$44.0bAU$1.9b23.3x62.9x2.7x
Tue, 01 Oct 2024AU$117.3bAU$44.0bAU$1.9b24.3x62x2.7x
Thu, 29 Aug 2024AU$118.2bAU$44.1bAU$2.1b24.6x57.1x2.7x
Sat, 27 Jul 2024AU$112.3bAU$43.6bAU$2.8b23.4x39.5x2.6x
Mon, 24 Jun 2024AU$111.3bAU$43.6bAU$2.8b23.1x39.1x2.6x
Wed, 22 May 2024AU$110.3bAU$43.6bAU$2.8b26.5x38.8x2.5x
Fri, 19 Apr 2024AU$108.8bAU$43.6bAU$2.9b29x37.7x2.5x
Sun, 17 Mar 2024AU$112.3bAU$43.6bAU$2.9b30.6x39x2.6x
Tue, 13 Feb 2024AU$117.3bAU$43.0bAU$3.2b21.8x36.1x2.7x
Thu, 11 Jan 2024AU$116.9bAU$43.2bAU$3.4b20.9x34.7x2.7x
Sat, 09 Dec 2023AU$111.4bAU$43.2bAU$3.4b20x33x2.6x
Mon, 06 Nov 2023AU$110.0bAU$43.2bAU$3.4b21.6x32.6x2.5x
Wed, 04 Oct 2023AU$110.4bAU$43.2bAU$3.4b19.9x32.7x2.6x
Fri, 01 Sep 2023AU$115.0bAU$43.2bAU$3.4b21x33.9x2.7x
Sun, 30 Jul 2023AU$117.1bAU$42.4bAU$3.3b21x35.7x2.8x
Tue, 27 Jun 2023AU$111.4bAU$42.4bAU$3.3b18.9x33.9x2.6x
Thu, 25 May 2023AU$114.1bAU$42.4bAU$3.3b20.7x34.8x2.7x
Sat, 22 Apr 2023AU$113.8bAU$42.4bAU$3.3b22.9x34.7x2.7x
Price to Earnings Ratio

34.7x


Total Market Cap: AU$113.8bTotal 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 35.6x 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 Market2.79%
Telecom1.46%
Interactive Media and Services2.46%
Entertainment2.00%
Media1.87%
Telecom Services and Carriers0.95%
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 199x.
    • Analysts are expecting annual earnings growth of 19.5%, 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 8.8% 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$4.337.2%
+AU$566.1m		-11.6%PE162.6x
TLS Telstra GroupAU$5.390.9%
+AU$560.5m		21.9%PE26.6x
SLC SuperloopAU$3.303.1%
+AU$51.5m		44.7%PE120.5x
FTI FortifaiAU$0.6923.0%
+AU$41.7m		2,216.7%PS73.9x
FDV Frontier Digital VenturesAU$0.3910.0%
+AU$15.3m		45.3%PS3.1x

Latest News

SEK
AU$14.35
SEEK
7D
-5.9%
1Y
-30.8%

SEK: Index Removal And Dividend Outlook Will Support Future Upside

Analysts have trimmed SEEK's price target slightly from A$25.19 to A$24.60, citing modest adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News SEEK Limited was removed from the S&P Global 1200 index, which can affect how some index and benchmark aware investors view the stock (Key Developments).
PLY
AU$0.29
PlaySide Studios
7D
11.3%
1Y
73.5%

PLY: Higher Margins And Revenue Assumptions Will Support Undervalued Profile

Analysts have maintained their A$0.52 price target on PlaySide Studios. The unchanged figure is backed by updated assumptions that indicate higher revenue growth, stronger profit margins and a lower future P/E multiple.
OML
AU$0.94
oOh!media
7D
-3.6%
1Y
-35.5%

OML: Share Buyback And Fully Franked Dividend Will Support Future Upside Potential

Analysts have adjusted their valuation framework for oOh!media, with the implied fair value holding steady at A$1.49 per share as changes to the discount rate, revenue growth, profit margin and future P/E assumptions offset each other overall. What's in the News The Board of Directors authorized a share buyback plan for oOh!media Limited on 26 February 2026, indicating approval for capital management via repurchases (Key Developments).
A1N
AU$0.23
ARN Media
7D
15.0%
1Y
-59.6%
EVT
AU$13.43
EVT
7D
-0.9%
1Y
2.7%

EVT: Upcoming Fully Franked Dividend Will Support Future Share Performance

Analysts have kept EVT's fair value unchanged at A$17.31. Small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions reflect a fine tuning of their models rather than a major shift in outlook.
NEC
AU$0.98
Nine Entertainment Holdings
7D
-2.5%
1Y
-26.5%

NEC: Future Returns Will Be Driven By Dividend Outlook And Earnings Repricing

Analysts have trimmed their price target for Nine Entertainment Holdings to A$2.02 from A$2.16, citing updated assumptions that include a lower discount rate, a move from a revenue decline to modest growth expectations, slightly lower profit margins, and a reduced future P/E multiple. What's in the News Nine Entertainment Co. Holdings Limited declared an ordinary dividend of A$0.045 per share for the six months ending 31 December 2025 (Key Developments).
CAR
AU$24.03
CAR Group
7D
-2.6%
1Y
-26.3%

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

Analysts have trimmed their price target for CAR Group slightly to A$35.36 from A$35.50, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. 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 payout schedule (Key Developments).
TLS
AU$5.39
Telstra Group
7D
0.9%
1Y
21.9%

TLS: Future Returns Will Rely On Buybacks Dividends And Execution Resilience

Analysts have slightly lifted their fair value estimate for Telstra Group, taking the implied price target from about A$5.21 to around A$5.27. This reflects modest adjustments to discount rate, revenue growth, profit margin and future P/E assumptions in light of recent research commentary on peers facing software sector pressure but still reporting solid results and in-line guidance.
REA
AU$161.83
REA Group
7D
-2.0%
1Y
-31.9%

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$3.30
Superloop
7D
3.1%
1Y
44.7%
ABB
AU$5.11
Aussie Broadband
7D
0.8%
1Y
31.7%
TPG
AU$4.33
TPG Telecom
7D
7.2%
1Y
-11.6%

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.
FDV
AU$0.39
Frontier Digital Ventures
7D
10.0%
1Y
45.3%
TUA
AU$5.95
Tuas
7D
-2.5%
1Y
12.3%
FTI
AU$0.69
Fortifai
7D
23.0%
1Y
2,216.7%
SWP
AU$0.12
Swoop Holdings
7D
-23.3%
1Y
2.2%