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Australian (ASX) Telecom Sector Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies43
  • 7D-1.3%
  • 3M-11.6%
  • 1Y0.7%
  • YTD-0.5%

Over the last 7 days, the Telecom industry has dropped 1.3%, driven by a pullback from REA Group of 2.6%. 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
Mon, 22 Dec 2025AU$118.8bAU$43.5bAU$3.4b35x34.6x2.7x
Wed, 19 Nov 2025AU$122.7bAU$43.5bAU$3.4b36.2x35.7x2.8x
Fri, 17 Oct 2025AU$131.0bAU$43.6bAU$3.4b40.2x38.1x3x
Sun, 14 Sep 2025AU$134.4bAU$43.5bAU$3.4b42.3x39.2x3.1x
Tue, 12 Aug 2025AU$139.1bAU$44.5bAU$2.5b35.5x55.3x3.1x
Thu, 10 Jul 2025AU$136.0bAU$44.4bAU$2.2b35.5x60.7x3.1x
Sat, 07 Jun 2025AU$134.3bAU$44.4bAU$2.2b41.2x59.9x3x
Mon, 05 May 2025AU$130.8bAU$44.4bAU$2.2b42x58.4x2.9x
Wed, 02 Apr 2025AU$122.8bAU$44.4bAU$2.2b40.1x54.8x2.8x
Fri, 28 Feb 2025AU$126.2bAU$44.4bAU$2.4b31.6x52.9x2.8x
Sun, 26 Jan 2025AU$122.3bAU$44.0bAU$1.9b23.7x64.7x2.8x
Tue, 24 Dec 2024AU$122.0bAU$44.0bAU$1.9b24.6x64.5x2.8x
Thu, 21 Nov 2024AU$123.8bAU$44.0bAU$1.9b23.4x65.5x2.8x
Sat, 19 Oct 2024AU$120.2bAU$44.0bAU$1.9b26x63.6x2.7x
Mon, 16 Sep 2024AU$115.8bAU$44.0bAU$1.9b20.9x62.3x2.6x
Wed, 14 Aug 2024AU$113.6bAU$43.9bAU$2.8b22.6x41.1x2.6x
Fri, 12 Jul 2024AU$113.3bAU$43.6bAU$2.8b22.4x39.9x2.6x
Sun, 09 Jun 2024AU$110.2bAU$43.6bAU$2.8b23x38.7x2.5x
Tue, 07 May 2024AU$109.0bAU$43.6bAU$2.8b30.6x38.3x2.5x
Thu, 04 Apr 2024AU$112.0bAU$43.6bAU$2.9b30x38.8x2.6x
Sat, 02 Mar 2024AU$115.0bAU$43.5bAU$2.9b30x39.7x2.6x
Mon, 29 Jan 2024AU$119.3bAU$43.2bAU$3.4b21.9x35.4x2.8x
Wed, 27 Dec 2023AU$117.2bAU$43.2bAU$3.4b20.9x34.7x2.7x
Fri, 24 Nov 2023AU$108.9bAU$43.2bAU$3.4b20.9x32.3x2.5x
Sun, 22 Oct 2023AU$109.8bAU$43.2bAU$3.4b20.9x32.6x2.5x
Tue, 19 Sep 2023AU$112.0bAU$43.2bAU$3.4b19.9x33.3x2.6x
Thu, 17 Aug 2023AU$116.2bAU$42.1bAU$3.3b19.7x34.8x2.8x
Sat, 15 Jul 2023AU$115.2bAU$42.4bAU$3.3b21.6x35.1x2.7x
Mon, 12 Jun 2023AU$111.4bAU$42.4bAU$3.3b20x33.9x2.6x
Wed, 10 May 2023AU$113.9bAU$42.4bAU$3.3b21.1x34.7x2.7x
Fri, 07 Apr 2023AU$113.3bAU$42.4bAU$3.3b22.5x34.5x2.7x
Sun, 05 Mar 2023AU$107.2bAU$42.4bAU$3.3b21.7x32.7x2.5x
Tue, 31 Jan 2023AU$109.9bAU$40.3bAU$3.0b35.9x36.4x2.7x
Thu, 29 Dec 2022AU$102.8bAU$40.3bAU$3.0b33.6x34.1x2.6x
Price to Earnings Ratio

34.1x


Total Market Cap: AU$102.8bTotal Earnings: AU$3.0bTotal Revenue: AU$40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Sector Price to Earnings3Y Average 44.3x202320242025
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
  • The earnings for companies in the Communication Services industry have grown 4.4% per year over the last three years.
  • Revenues for these companies have grown 2.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Telecom sector?

AU Market-0.62%
Telecom-1.33%
Wireless Telecom0%0
Media-0.09%
Telecom Services and Carriers-0.90%
Entertainment-1.59%
Interactive Media and Services-2.07%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 194x.
    • Analysts are expecting annual earnings growth of 19.8%, 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 20% over the next 5 years.
  • This is better than its past earnings decline of 25% 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
SEK SEEKAU$23.663.6%
+AU$292.4m		3.9%PE35.4x
TLS Telstra GroupAU$4.840.2%
+AU$112.5m		20.4%PE25.1x
ABB Aussie BroadbandAU$5.071.6%
+AU$23.4m		44.0%PE45.2x
IGL IVE GroupAU$2.975.3%
+AU$23.1m		42.8%PE9.8x
FTI FortifaiAU$0.3748.0%
+AU$17.8m		n/aPS12.7x

Latest News

CAR
AU$30.91
CAR Group
7D
-0.8%
1Y
-18.3%

Is CAR Group (ASX:CAR) Using Too Much Debt?

Dec 22
Is CAR Group (ASX:CAR) Using Too Much Debt?
PLY
AU$0.24
PlaySide Studios
7D
9.1%
1Y
-43.5%

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).
TLS
AU$4.84
Telstra Group
7D
0.2%
1Y
20.4%

TLS: Future Margins And Cash Flow Will Support Measured Upside Potential

Analysts have raised their price target on Telstra Group to $9.00 from $7.00, citing stronger than expected revenue and EBITDA performance, as well as improving margin expansion and free cash flow visibility that supports a higher valuation multiple. Analyst Commentary Street research has turned increasingly constructive on Telstra Group, with multiple firms lifting price targets as they recalibrate models to reflect stronger operating trends and improved visibility into medium term cash generation.
TPG
AU$3.77
TPG Telecom
7D
-2.6%
1Y
-14.7%

TPG: Upcoming Capital Returns Will Drive Attractive Upside For Shareholders

Analysts have trimmed their price target for TPG Telecom to approximately $4.64 from about $5.00. This reflects a slightly higher perceived risk, offset by modestly improved long term profit margin expectations and a lower projected future P/E multiple.
OVT
AU$0.003
Ovanti
7D
-25.0%
1Y
-83.3%
EVT
AU$13.35
EVT
7D
-2.9%
1Y
17.5%

EVT: Stronger Revenue Outlook Suggests Shares Will Outperform From Current Levels

Analysts have trimmed their price target on EVT by approximately $1.00 to reflect a slightly higher discount rate. This is partially offset by stronger expected revenue growth and modestly improved profit margins, along with a lower assumed future P/E multiple.
SEK
AU$23.66
SEEK
7D
3.6%
1Y
3.9%

SEEK's (ASX:SEK) Returns On Capital Are Heading Higher

Dec 09
SEEK's (ASX:SEK) Returns On Capital Are Heading Higher
REA
AU$184.22
REA Group
7D
-2.6%
1Y
-22.1%

REA: Recent Pullback Will Set Stage For EPS Outperformance-Driven Rebound

Analysts have nudged their price target for REA Group slightly higher to A$270.00, citing expectations for steadier long term growth, earnings forecasts that are modestly above consensus, and a belief that recent share price underperformance and regulatory concerns are overdone. Analyst Commentary Bullish analysts highlight that the recent pullback in REA Group shares has created a more attractive entry point relative to their growth outlook and earnings power.
ABB
AU$5.07
Aussie Broadband
7D
1.6%
1Y
44.0%

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$1.42
Brisbane Broncos
7D
-7.8%
1Y
51.1%

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$2.56
Superloop
7D
1.2%
1Y
21.9%

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$0.32
Airtasker
7D
-4.5%
1Y
-17.1%
FRX
AU$0.023
FlexiRoam
7D
35.3%
1Y
130.0%
SWM
AU$0.12
Seven West Media
7D
-4.0%
1Y
-20.0%
FTI
AU$0.37
Fortifai
7D
48.0%
1Y
n/a
IGL
AU$2.97
IVE Group
7D
5.3%
1Y
42.8%