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Australian (ASX) Telecom Sector Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies42
  • 7D-1.0%
  • 3M-10.8%
  • 1Y-7.5%
  • YTD-4.3%

Over the last 7 days, the Telecom industry has dropped 3.3%, driven by pullbacks in REA Group and Telstra Group of 2.8% and 1.0%, respectively. On the other hand CAR Group is actually up 5.1%. Overall the industry is down 7.2% in 12 months. Looking forward, 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
Thu, 12 Feb 2026AU$115.1bAU$42.3bAU$3.3b34.6x34.5x2.7x
Sat, 10 Jan 2026AU$119.5bAU$42.2bAU$3.4b36.3x35x2.8x
Mon, 08 Dec 2025AU$122.0bAU$43.5bAU$3.4b35.9x35.5x2.8x
Wed, 05 Nov 2025AU$130.1bAU$43.5bAU$3.4b39.3x37.9x3x
Fri, 03 Oct 2025AU$133.2bAU$43.6bAU$3.4b41.2x38.7x3.1x
Sun, 31 Aug 2025AU$139.1bAU$44.1bAU$3.4b43.8x40.8x3.2x
Tue, 29 Jul 2025AU$137.3bAU$44.4bAU$2.4b35.8x56.4x3.1x
Thu, 26 Jun 2025AU$134.4bAU$44.4bAU$2.2b35.7x60x3x
Sat, 24 May 2025AU$135.4bAU$44.4bAU$2.2b40.1x60.4x3x
Mon, 21 Apr 2025AU$125.6bAU$44.4bAU$2.2b38.9x56.1x2.8x
Wed, 19 Mar 2025AU$122.7bAU$44.4bAU$2.2b34.1x55x2.8x
Fri, 14 Feb 2025AU$125.8bAU$44.0bAU$2.2b29.1x57.3x2.9x
Sun, 12 Jan 2025AU$122.2bAU$44.0bAU$1.9b24.3x64.7x2.8x
Tue, 10 Dec 2024AU$126.4bAU$44.0bAU$1.9b24.1x66.9x2.9x
Thu, 07 Nov 2024AU$121.2bAU$44.0bAU$1.9b23.3x64.1x2.8x
Sat, 05 Oct 2024AU$118.6bAU$44.0bAU$1.9b24.2x62.7x2.7x
Mon, 02 Sep 2024AU$119.2bAU$44.1bAU$1.9b25x64.3x2.7x
Wed, 31 Jul 2024AU$113.9bAU$43.6bAU$2.8b23.3x40.1x2.6x
Fri, 28 Jun 2024AU$110.4bAU$43.6bAU$2.8b22.5x38.8x2.5x
Sun, 26 May 2024AU$107.5bAU$43.6bAU$2.8b25.2x37.8x2.5x
Tue, 23 Apr 2024AU$107.9bAU$43.6bAU$2.9b28.7x37.4x2.5x
Thu, 21 Mar 2024AU$112.9bAU$43.6bAU$2.9b31.1x39.1x2.6x
Sat, 17 Feb 2024AU$115.0bAU$43.3bAU$2.8b25.1x40.7x2.7x
Mon, 15 Jan 2024AU$117.6bAU$43.2bAU$3.4b20.9x34.9x2.7x
Wed, 13 Dec 2023AU$112.5bAU$43.2bAU$3.4b19.9x33.4x2.6x
Fri, 10 Nov 2023AU$112.6bAU$43.2bAU$3.4b21.9x33.4x2.6x
Sun, 08 Oct 2023AU$109.6bAU$43.2bAU$3.4b20.9x32.5x2.5x
Tue, 05 Sep 2023AU$114.8bAU$43.2bAU$3.4b22.1x34.1x2.7x
Thu, 03 Aug 2023AU$115.5bAU$42.0bAU$3.3b19.7x35.3x2.7x
Sat, 01 Jul 2023AU$113.0bAU$42.4bAU$3.3b21.5x34.4x2.7x
Mon, 29 May 2023AU$113.9bAU$42.4bAU$3.3b20.6x34.7x2.7x
Wed, 26 Apr 2023AU$114.4bAU$42.4bAU$3.3b23x34.9x2.7x
Fri, 24 Mar 2023AU$109.5bAU$42.4bAU$3.3b21.9x33.4x2.6x
Sun, 19 Feb 2023AU$110.2bAU$41.3bAU$3.5b32.8x31.6x2.7x
Price to Earnings Ratio

31.6x


Total Market Cap: AU$110.2bTotal Earnings: AU$3.5bTotal Revenue: AU$41.3bTotal 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 34.6x 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 Market0.77%
Telecom-1.02%
Entertainment0.33%
Wireless Telecom0%0
Telecom Services and Carriers-0.97%
Interactive Media and Services-1.02%
Media-2.86%
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 20.1%, 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 of 0.034x.
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
CAR CAR GroupAU$27.005.1%
+AU$499.5m		-28.0%PE34.6x
ABB Aussie BroadbandAU$5.2019.5%
+AU$248.7m		28.7%PE46.3x
SLC SuperloopAU$2.385.3%
+AU$61.8m		12.3%PE1014.1x
IGL IVE GroupAU$3.155.7%
+AU$26.2m		42.5%PE10.4x
SXL Southern Cross Media GroupAU$0.687.9%
+AU$23.9m		6.3%PE50.8x

Latest News

CAR
AU$27.00
CAR Group
7D
5.1%
1Y
-28.0%
ABB
AU$5.20
Aussie Broadband
7D
19.5%
1Y
28.7%
REA
AU$172.85
REA Group
7D
-2.8%
1Y
-37.3%
SXL
AU$0.68
Southern Cross Media Group
7D
7.9%
1Y
6.3%
OML
AU$1.16
oOh!media
7D
-7.6%
1Y
-4.5%

OML: Stable Cash Flow Assumptions And Higher Required Returns Will Support Upside

Analysts have raised their price target on oOh!media to A$1.66 per share. The change primarily reflects updated model assumptions, including a slightly higher discount rate and revised P/E outlook, rather than any alteration in projected revenue growth or profit margins.
EVT
AU$12.78
EVT
7D
0.6%
1Y
7.1%

EVT: Refined Risk And Earnings Assumptions Will Support Strong Future Share Performance

Analysts have modestly adjusted their price target on EVT. The updated fair value estimate remains at $17.30, as slightly higher assumed discount rates and revenue growth, along with a small change in future P/E, refine their view on the stock's risk and earnings profile.
NEC
AU$1.15
Nine Entertainment Holdings
7D
-4.6%
1Y
-22.8%

NEC: Radio Asset Review Will Support Future Upside Potential

Analysts have nudged their price target for Nine Entertainment Holdings higher, reflecting a fair value revision from A$1.44 to A$1.45. This change points to updated assumptions around a smaller forecast revenue decline, a slightly higher discount rate, and a modestly lower future P/E multiple and profit margin outlook.
BBL
AU$1.70
Brisbane Broncos
7D
-8.1%
1Y
79.9%
SEK
AU$18.55
SEEK
7D
-3.7%
1Y
-21.6%
TLS
AU$4.88
Telstra Group
7D
-1.0%
1Y
24.8%

TLS: Modest Model Tweaks Will Shape Future Margins And Measured Upside

Analysts have nudged their price target for Telstra Group slightly higher to about A$4.97 from A$4.93, citing modest model updates that reflect small adjustments to discount rates, revenue growth assumptions, profit margins, and future P/E expectations. Analyst Commentary Recent Street research on a different company in the broader telecom and technology space highlights what bullish and cautious analysts tend to focus on when they revisit models and targets.
TPG
AU$3.81
TPG Telecom
7D
-2.8%
1Y
-12.8%

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).
SLC
AU$2.38
Superloop
7D
5.3%
1Y
12.3%
IGL
AU$3.15
IVE Group
7D
5.7%
1Y
42.5%
SHO
AU$0.088
SportsHero
7D
12.8%
1Y
203.4%
TUA
AU$6.64
Tuas
7D
-5.4%
1Y
-0.3%

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
FTI
AU$0.27
Fortifai
7D
10.2%
1Y
800.0%