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Australian (ASX) Telecom Sector Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies42
  • 7D-1.3%
  • 3M-10.6%
  • 1Y-2.1%
  • YTD-1.6%

Over the last 7 days, the Telecom industry has dropped 1.3%, driven by Telstra Group declining 1.4%. As for the longer term, the industry's performance has been flat for the past 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
Thu, 08 Jan 2026AU$118.0bAU$42.2bAU$3.4b35.1x34.5x2.8x
Sat, 06 Dec 2025AU$122.0bAU$43.5bAU$3.4b35.9x35.5x2.8x
Mon, 03 Nov 2025AU$131.2bAU$43.5bAU$3.4b39.3x38.2x3x
Wed, 01 Oct 2025AU$133.0bAU$43.6bAU$3.4b42x38.7x3.1x
Fri, 29 Aug 2025AU$139.2bAU$44.1bAU$3.4b41.5x40.7x3.2x
Sun, 27 Jul 2025AU$136.3bAU$44.4bAU$2.2b35.2x60.8x3.1x
Tue, 24 Jun 2025AU$135.2bAU$44.4bAU$2.2b36.1x60.3x3x
Thu, 22 May 2025AU$134.3bAU$44.4bAU$2.2b38.6x59.9x3x
Sat, 19 Apr 2025AU$125.6bAU$44.4bAU$2.2b38.9x56.1x2.8x
Mon, 17 Mar 2025AU$122.3bAU$44.4bAU$2.2b33.8x54.8x2.8x
Wed, 12 Feb 2025AU$126.5bAU$44.1bAU$2.2b24.4x57x2.9x
Fri, 10 Jan 2025AU$122.9bAU$44.0bAU$1.9b24.7x65x2.8x
Sun, 08 Dec 2024AU$126.0bAU$44.0bAU$1.9b24.5x66.7x2.9x
Tue, 05 Nov 2024AU$120.6bAU$44.0bAU$1.9b23.5x63.8x2.7x
Thu, 03 Oct 2024AU$118.7bAU$44.0bAU$1.9b24.6x62.8x2.7x
Sat, 31 Aug 2024AU$119.1bAU$44.1bAU$2.0b25x58.4x2.7x
Mon, 29 Jul 2024AU$112.3bAU$43.6bAU$2.8b23.4x39.5x2.6x
Wed, 26 Jun 2024AU$111.3bAU$43.6bAU$2.8b23.3x39.1x2.6x
Fri, 24 May 2024AU$108.4bAU$43.6bAU$2.8b25.9x38.1x2.5x
Sun, 21 Apr 2024AU$107.9bAU$43.6bAU$2.9b28.7x37.4x2.5x
Tue, 19 Mar 2024AU$112.1bAU$43.6bAU$2.9b31.9x38.9x2.6x
Thu, 15 Feb 2024AU$115.2bAU$43.2bAU$2.8b24.4x41.2x2.7x
Sat, 13 Jan 2024AU$117.6bAU$43.2bAU$3.4b20.9x34.9x2.7x
Mon, 11 Dec 2023AU$111.4bAU$43.2bAU$3.4b20x33x2.6x
Wed, 08 Nov 2023AU$110.8bAU$43.2bAU$3.4b21.3x32.9x2.6x
Fri, 06 Oct 2023AU$110.4bAU$43.2bAU$3.4b19.9x32.7x2.6x
Sun, 03 Sep 2023AU$114.9bAU$43.2bAU$3.4b21.6x34.2x2.7x
Tue, 01 Aug 2023AU$117.1bAU$42.4bAU$3.3b21.3x35.7x2.8x
Thu, 29 Jun 2023AU$110.6bAU$42.4bAU$3.3b22.6x33.7x2.6x
Sat, 27 May 2023AU$113.9bAU$42.4bAU$3.3b20.6x34.7x2.7x
Mon, 24 Apr 2023AU$113.8bAU$42.4bAU$3.3b22.9x34.7x2.7x
Wed, 22 Mar 2023AU$109.0bAU$42.4bAU$3.3b21.7x33.3x2.6x
Fri, 17 Feb 2023AU$111.2bAU$40.4bAU$3.3b32.8x33.4x2.8x
Sun, 15 Jan 2023AU$106.5bAU$40.3bAU$3.0b34x35.3x2.6x
Price to Earnings Ratio

35.3x


Total Market Cap: AU$106.5bTotal 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 34.5x 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 Market-0.079%
Telecom-1.26%
Entertainment1.19%
Wireless Telecom0%0
Media-0.36%
Telecom Services and Carriers-0.89%
Interactive Media and Services-2.02%
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
TPG TPG TelecomAU$3.902.9%
+AU$215.5m		-11.0%PS1.4x
SEK SEEKAU$23.431.3%
+AU$110.5m		6.6%PE35.1x
OML oOh!mediaAU$1.343.1%
+AU$21.6m		14.0%PE37.1x
NEC Nine Entertainment HoldingsAU$1.120.9%
+AU$15.8m		-13.8%PE17.1x
BBL Brisbane BroncosAU$1.599.7%
+AU$13.7m		67.4%PE20.8x

Latest News

CAR
AU$30.46
CAR Group
7D
-1.0%
1Y
-19.8%
REA
AU$183.11
REA Group
7D
-0.2%
1Y
-23.5%

REA: Outperformance Rating And New CFO Appointment Will Support Medium-Term Earnings

Analysts have reaffirmed their A$290 fair value estimate for REA Group, with only minor tweaks to growth, margins and discount rate assumptions. This view is supported by recent research that considers prior share price weakness and regulatory concerns to be overdone.
TUA
AU$7.01
Tuas
7D
-0.8%
1Y
12.3%

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
TPG
AU$3.90
TPG Telecom
7D
2.9%
1Y
-11.0%

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.
EVT
AU$12.61
EVT
7D
0.4%
1Y
11.4%
TLS
AU$4.80
Telstra Group
7D
-1.4%
1Y
17.9%

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$23.43
SEEK
7D
1.3%
1Y
6.6%

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
NEC
AU$1.12
Nine Entertainment Holdings
7D
0.9%
1Y
-13.8%

NEC: Future Returns Will Be Driven By Selective Adjacent Acquisitions

Analysts have trimmed their price target for Nine Entertainment Holdings to AUD 2.08 from AUD 2.58, reflecting slightly weaker revenue growth expectations and a higher discount rate, partially offset by modestly improved margin and valuation assumptions. What's in the News CEO Matt Stanton has signalled that Nine will prioritise bolt on acquisitions in areas adjacent to its existing print and Channel 9 broadcast businesses, rather than pursuing a large scale transformational deal, focusing on assets that complement the current portfolio.
OML
AU$1.34
oOh!media
7D
3.1%
1Y
14.0%

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.
PLY
AU$0.28
PlaySide Studios
7D
10.0%
1Y
-35.3%

PLY: Revenue Will Exceed A$49 Million As Profitability Improves

Analysts have nudged their price target on PlaySide Studios higher to approximately $0.52 per share from about $0.52 previously, citing slightly stronger expectations for revenue growth and profit margins, despite a marginally higher discount rate and a modestly lower assumed future P/E multiple. What's in the News PlaySide Studios reaffirmed its fiscal 2026 guidance, expecting revenue to exceed fiscal 2025's 49 million dollars while reducing operating costs, supported by front end loaded game launch revenues (Company guidance).
FDV
AU$0.28
Frontier Digital Ventures
7D
7.7%
1Y
-15.2%
ABB
AU$5.01
Aussie Broadband
7D
-0.6%
1Y
39.9%

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
9.7%
1Y
67.4%

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$2.52
Superloop
7D
-2.7%
1Y
16.1%

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$0.33
Airtasker
7D
-5.8%
1Y
-25.3%
IGL
AU$2.92
IVE Group
7D
-3.0%
1Y
39.0%