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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.1%
  • 3M10.4%
  • 1Y16.3%
  • YTD8.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.1%, driven by Telstra Group declining 1.5%. In the past year, the industry has gained 16%. As for the next few years, earnings are expected to grow by 9.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026AU$75.0bAU$30.5bAU$2.4b62x31.7x2.5x
Thu, 19 Mar 2026AU$73.7bAU$30.5bAU$2.4b55.3x31.2x2.4x
Sat, 14 Feb 2026AU$69.3bAU$30.8bAU$2.1b250.3x32.8x2.2x
Mon, 12 Jan 2026AU$68.6bAU$30.8bAU$2.1b260.2x32.5x2.2x
Wed, 10 Dec 2025AU$69.4bAU$30.8bAU$2.1b263.1x32.8x2.3x
Fri, 07 Nov 2025AU$73.2bAU$30.8bAU$2.1b262x34.7x2.4x
Sun, 05 Oct 2025AU$71.8bAU$30.9bAU$2.1b259.4x34x2.3x
Tue, 02 Sep 2025AU$73.5bAU$30.9bAU$2.1b624.8x34.9x2.4x
Thu, 31 Jul 2025AU$72.4bAU$30.6bAU$1.6b44.7x45.6x2.4x
Sat, 28 Jun 2025AU$70.2bAU$30.6bAU$1.6b39x44.2x2.3x
Mon, 26 May 2025AU$69.0bAU$30.6bAU$1.6b40.1x43.4x2.3x
Wed, 23 Apr 2025AU$64.7bAU$30.6bAU$1.6b37.7x40.7x2.1x
Fri, 21 Mar 2025AU$62.0bAU$30.6bAU$1.6b34.6x39.2x2x
Sun, 16 Feb 2025AU$58.4bAU$30.3bAU$1.6b43.8x35.6x1.9x
Tue, 14 Jan 2025AU$60.0bAU$30.4bAU$1.6b39x36.8x2x
Thu, 12 Dec 2024AU$60.1bAU$30.4bAU$1.6b41.1x36.9x2x
Sat, 09 Nov 2024AU$57.8bAU$30.4bAU$1.6b42.3x35.5x1.9x
Mon, 07 Oct 2024AU$58.5bAU$30.4bAU$1.6b42.2x35.9x1.9x
Wed, 04 Sep 2024AU$58.8bAU$30.4bAU$1.6b36.4x37x1.9x
Fri, 02 Aug 2024AU$58.3bAU$30.1bAU$2.0b40.1x29.3x1.9x
Sun, 30 Jun 2024AU$54.3bAU$30.1bAU$2.0b44.5x27.3x1.8x
Tue, 28 May 2024AU$53.0bAU$30.1bAU$2.0b44.8x26.7x1.8x
Thu, 25 Apr 2024AU$54.0bAU$30.1bAU$2.0b46.3x27.1x1.8x
Sat, 23 Mar 2024AU$55.4bAU$30.1bAU$2.0b46.8x27.9x1.8x
Mon, 19 Feb 2024AU$57.6bAU$29.9bAU$2.3b23.6x24.8x1.9x
Wed, 17 Jan 2024AU$61.8bAU$30.0bAU$2.3b24.2x27.1x2.1x
Fri, 15 Dec 2023AU$59.6bAU$30.0bAU$2.3b23.4x26.2x2x
Sun, 12 Nov 2023AU$61.4bAU$30.0bAU$2.3b25.7x27x2x
Tue, 10 Oct 2023AU$59.4bAU$30.0bAU$2.3b25x26.1x2x
Thu, 07 Sep 2023AU$61.6bAU$30.0bAU$2.3b26.3x27.2x2.1x
Sat, 05 Aug 2023AU$64.7bAU$29.1bAU$2.3b55.5x28.5x2.2x
Mon, 03 Jul 2023AU$65.9bAU$29.5bAU$2.3b59.7x28.9x2.2x
Wed, 31 May 2023AU$67.7bAU$29.5bAU$2.3b58.1x29.7x2.3x
Fri, 28 Apr 2023AU$66.9bAU$29.5bAU$2.3b63.2x29.4x2.3x
Price to Earnings Ratio

29.4x


Total Market Cap: AU$66.9bTotal Earnings: AU$2.3bTotal Revenue: AU$29.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Services and Carriers Industry Price to Earnings3Y Average 32.7x202420252026
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 32.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Telecom 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 industry?

AU Market0.77%
Telecom2.46%
Telecom Services and Carriers-1.05%
Alternative Carriers7.02%
Integrated Telecom Services-1.40%
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 33.4%, which is higher than its past year's earnings decline of 10.3% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 31.3x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 7.8% 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$4.331.4%
+AU$117.1m		-11.3%PE162.6x
ABB Aussie BroadbandAU$5.426.7%
+AU$99.8m		44.5%PE61.8x
TUA TuasAU$6.102.3%
+AU$76.8m		15.3%PE251.3x
SLC SuperloopAU$3.311.5%
+AU$25.7m		39.1%PE120.8x
SWP Swoop HoldingsAU$0.1110.0%
+AU$3.1m		4.8%PS0.3x

Latest News

TLS
AU$5.33
Telstra Group
7D
-1.5%
1Y
20.0%

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

Analysts have made a small adjustment to Telstra Group's price target, reflecting largely unchanged fair value estimates with only minor tweaks to assumptions such as discount rate, long term revenue growth, profit margin and future P/E, following recent sector wide software volatility rather than company specific drivers. Analyst Commentary Recent Street research on a peer name in the software and security space shows that price target changes can sit alongside relatively steady views on business quality and long term prospects.
TPG
AU$4.33
TPG Telecom
7D
1.4%
1Y
-11.3%

TPG: Fair Outlook Will Rely On Refined Discount Rate And P/E Assumptions

Analysts have nudged their price target for TPG Telecom higher to A$4.13. This is a small refinement that reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E, rather than a major shift in outlook.
SLC
AU$3.31
Superloop
7D
1.5%
1Y
39.1%
ABB
AU$5.42
Aussie Broadband
7D
6.7%
1Y
44.5%
TUA
AU$6.10
Tuas
7D
2.3%
1Y
15.3%
5GG
AU$0.023
Pentanet
7D
9.5%
1Y
-43.9%
HFY
AU$0.016
Hubify
7D
-11.1%
1Y
100.0%
CCG
AU$0.066
Comms Group
7D
-1.5%
1Y
4.8%
SWP
AU$0.11
Swoop Holdings
7D
10.0%
1Y
4.8%
FRX
AU$0.017
FlexiRoam
7D
-5.6%
1Y
240.0%