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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.5%
  • 3M-7.1%
  • 1Y15.8%
  • YTD-2.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.5%, driven by a pullback from Telstra Group of 2.1%. This takes the industry's 12 month performance to a gain of 16%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the Australian Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026AU$67.7bAU$30.8bAU$2.1b287.3x32.1x2.2x
Wed, 24 Dec 2025AU$68.7bAU$30.8bAU$2.1b261.4x32.5x2.2x
Fri, 21 Nov 2025AU$68.8bAU$30.8bAU$2.1b240.7x32.6x2.2x
Sun, 19 Oct 2025AU$71.8bAU$30.9bAU$2.1b242.9x34x2.3x
Tue, 16 Sep 2025AU$72.4bAU$30.9bAU$2.1b664x34.4x2.3x
Thu, 14 Aug 2025AU$72.9bAU$30.6bAU$1.6b45.6x45.9x2.4x
Sat, 12 Jul 2025AU$70.9bAU$30.6bAU$1.6b40.7x44.7x2.3x
Mon, 09 Jun 2025AU$70.6bAU$30.6bAU$1.6b41.2x44.4x2.3x
Wed, 07 May 2025AU$66.5bAU$30.6bAU$1.6b41.8x41.9x2.2x
Fri, 04 Apr 2025AU$63.5bAU$30.6bAU$1.6b39.4x40x2.1x
Sun, 02 Mar 2025AU$61.7bAU$30.6bAU$1.6b34.6x39.1x2x
Tue, 28 Jan 2025AU$58.8bAU$30.4bAU$1.6b40.9x36.1x1.9x
Thu, 26 Dec 2024AU$60.1bAU$30.4bAU$1.6b39.6x36.9x2x
Sat, 23 Nov 2024AU$57.5bAU$30.4bAU$1.6b39.5x35.3x1.9x
Mon, 21 Oct 2024AU$58.7bAU$30.4bAU$1.6b41.5x36.1x1.9x
Wed, 18 Sep 2024AU$59.5bAU$30.4bAU$1.6b42x37.4x2x
Fri, 16 Aug 2024AU$57.9bAU$30.7bAU$1.6b39.9x36.6x1.9x
Sun, 14 Jul 2024AU$57.2bAU$30.1bAU$2.0b45.9x28.8x1.9x
Tue, 11 Jun 2024AU$53.6bAU$30.1bAU$2.0b45.2x26.9x1.8x
Thu, 09 May 2024AU$54.2bAU$30.1bAU$2.0b50x27.3x1.8x
Sat, 06 Apr 2024AU$56.1bAU$30.1bAU$2.0b44.7x28.2x1.9x
Mon, 04 Mar 2024AU$56.2bAU$30.0bAU$2.0b55.8x28.3x1.9x
Wed, 31 Jan 2024AU$62.7bAU$30.0bAU$2.3b25x27.5x2.1x
Fri, 29 Dec 2023AU$61.8bAU$30.0bAU$2.3b24.4x27.2x2.1x
Sun, 26 Nov 2023AU$58.3bAU$30.0bAU$2.3b22.6x25.6x1.9x
Tue, 24 Oct 2023AU$59.4bAU$30.0bAU$2.3b24.8x26.1x2x
Thu, 21 Sep 2023AU$60.5bAU$30.0bAU$2.3b26x26.6x2x
Sat, 19 Aug 2023AU$61.7bAU$29.7bAU$2.3b57x26.4x2.1x
Mon, 17 Jul 2023AU$65.9bAU$29.5bAU$2.3b57.5x28.9x2.2x
Wed, 14 Jun 2023AU$66.8bAU$29.5bAU$2.3b58.5x29.3x2.3x
Fri, 12 May 2023AU$67.0bAU$29.5bAU$2.3b59.4x29.4x2.3x
Sun, 09 Apr 2023AU$65.4bAU$29.5bAU$2.3b61.5x28.7x2.2x
Tue, 07 Mar 2023AU$63.1bAU$29.4bAU$2.3b63.9x27.8x2.1x
Thu, 02 Feb 2023AU$63.6bAU$28.3bAU$1.8b62.8x35.4x2.2x
Price to Earnings Ratio

35.4x


Total Market Cap: AU$63.6bTotal Earnings: AU$1.8bTotal Revenue: AU$28.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Services and Carriers Industry Price to Earnings3Y Average 32.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 32.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 5.6% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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 industry?

AU Market-0.29%
Telecom-1.35%
Telecom Services and Carriers-1.46%
Alternative Carriers-0.28%
Integrated Telecom Services-1.51%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings growth of 24.5% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 31.0x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 10% 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
TUA TuasAU$7.642.6%
+AU$104.2m		23.0%PE532.8x
SLC SuperloopAU$2.422.1%
+AU$25.7m		15.8%PE1031.1x
TPG TPG TelecomAU$3.940.3%
+AU$19.6m		-7.9%PS1.4x
SWP Swoop HoldingsAU$0.124.3%
+AU$1.5m		-31.4%PS0.3x
FRX FlexiRoamAU$0.0254.2%
+AU$1.5m		316.7%PS2.8x

Latest News

TLS
AU$4.72
Telstra Group
7D
-2.1%
1Y
19.5%

TLS: Future Margins And Discount Rate Assumptions Will Shape Measured Upside Potential

Analysts have nudged their fair value estimate for Telstra Group slightly lower to A$4.93, reflecting updated assumptions around the discount rate, modest revenue growth and profit margin trends, while keeping future P/E expectations broadly steady. Analyst Commentary Recent Street research on a peer company, Telos, has centered on earnings quality and guidance revisions, which can be useful context when you think about how analysts frame valuation and execution risk for Telstra Group.
TPG
AU$3.94
TPG Telecom
7D
0.3%
1Y
-7.9%

TPG: Upcoming Capital Raises And Special Dividend Will Support Future Upside

Analysts have reduced their price target on TPG Telecom from A$4.75 to A$4.51, citing slightly softer assumptions on profit margins, revenue trends and future P/E multiples as the main reasons for the change. What's in the News TPG Telecom completed a follow on equity offering of A$73.4 million through a rights issue of 20,585,238 ordinary shares at A$3.57 per share, described as a Rights Offering (company event filing).
5GG
AU$0.029
Pentanet
7D
11.5%
1Y
-43.1%

Even With A 30% Surge, Cautious Investors Are Not Rewarding Pentanet Limited's (ASX:5GG) Performance Completely

Jan 18
Even With A 30% Surge, Cautious Investors Are Not Rewarding Pentanet Limited's (ASX:5GG) Performance Completely
HFY
AU$0.007
Hubify
7D
-22.2%
1Y
0%

Hubify Limited (ASX:HFY) Surges 29% Yet Its Low P/S Is No Reason For Excitement

Jan 18
Hubify Limited (ASX:HFY) Surges 29% Yet Its Low P/S Is No Reason For Excitement
SWP
AU$0.12
Swoop Holdings
7D
4.3%
1Y
-31.4%

Swoop Holdings Limited's (ASX:SWP) Shares Not Telling The Full Story

Jan 07
Swoop Holdings Limited's (ASX:SWP) Shares Not Telling The Full Story
TUA
AU$7.64
Tuas
7D
2.6%
1Y
23.0%

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
CCG
AU$0.065
Comms Group
7D
-4.4%
1Y
-14.5%
ABB
AU$4.69
Aussie Broadband
7D
-1.3%
1Y
28.5%

Is Aussie Broadband Limited (ASX:ABB) Trading At A 49% Discount?

Nov 27
Is Aussie Broadband Limited (ASX:ABB) Trading At A 49% Discount?
SLC
AU$2.42
Superloop
7D
2.1%
1Y
15.8%

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
FRX
AU$0.025
FlexiRoam
7D
4.2%
1Y
316.7%