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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies10
  • 7D3.5%
  • 3M3.3%
  • 1Y16.7%
  • YTD4.0%

Over the last 7 days, the Telecom Services and Carriers industry has risen 3.5%, driven by gains from Telstra Group of 3.8%. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026AU$71.9bAU$31.0bAU$2.2b78.8x32.4x2.3x
Thu, 22 Jan 2026AU$67.7bAU$30.8bAU$2.1b274.8x32.1x2.2x
Sat, 20 Dec 2025AU$68.3bAU$30.8bAU$2.1b265x32.3x2.2x
Mon, 17 Nov 2025AU$69.5bAU$30.8bAU$2.1b244.5x32.9x2.3x
Wed, 15 Oct 2025AU$71.0bAU$30.9bAU$2.1b246.6x33.6x2.3x
Fri, 12 Sep 2025AU$72.8bAU$30.9bAU$2.1b687.3x34.6x2.4x
Sun, 10 Aug 2025AU$72.1bAU$30.6bAU$1.6b45.9x45.4x2.4x
Tue, 08 Jul 2025AU$70.2bAU$30.6bAU$1.6b38.7x44.2x2.3x
Thu, 05 Jun 2025AU$70.5bAU$30.6bAU$1.6b42.5x44.4x2.3x
Sat, 03 May 2025AU$67.1bAU$30.6bAU$1.6b42.1x42.3x2.2x
Mon, 31 Mar 2025AU$62.5bAU$30.6bAU$1.6b41.3x39.3x2x
Wed, 26 Feb 2025AU$61.7bAU$30.6bAU$1.7b38.5x35.9x2x
Fri, 24 Jan 2025AU$58.9bAU$30.4bAU$1.6b40.9x36.2x1.9x
Sun, 22 Dec 2024AU$59.0bAU$30.4bAU$1.6b39.8x36.2x1.9x
Tue, 19 Nov 2024AU$58.3bAU$30.4bAU$1.6b41x35.8x1.9x
Thu, 17 Oct 2024AU$58.6bAU$30.4bAU$1.6b42.7x36x1.9x
Sat, 14 Sep 2024AU$59.0bAU$30.4bAU$1.6b41.7x37.1x1.9x
Mon, 12 Aug 2024AU$56.5bAU$30.1bAU$2.0b39.8x28.4x1.9x
Wed, 10 Jul 2024AU$54.9bAU$30.1bAU$2.0b44.5x27.6x1.8x
Fri, 07 Jun 2024AU$53.4bAU$30.1bAU$2.0b44.9x26.9x1.8x
Sun, 05 May 2024AU$53.4bAU$30.1bAU$2.0b47.9x26.9x1.8x
Tue, 02 Apr 2024AU$56.7bAU$30.1bAU$2.0b46x28.5x1.9x
Thu, 29 Feb 2024AU$56.0bAU$30.0bAU$2.0b54.5x28.3x1.9x
Sat, 27 Jan 2024AU$62.2bAU$30.0bAU$2.3b24.5x27.3x2.1x
Mon, 25 Dec 2023AU$61.6bAU$30.0bAU$2.3b23.8x27x2.1x
Wed, 22 Nov 2023AU$59.0bAU$30.0bAU$2.3b22.9x25.9x2x
Fri, 20 Oct 2023AU$60.6bAU$30.0bAU$2.3b25.6x26.6x2x
Sun, 17 Sep 2023AU$61.3bAU$30.0bAU$2.3b26.6x27x2x
Tue, 15 Aug 2023AU$65.0bAU$29.1bAU$2.3b55.9x28.7x2.2x
Thu, 13 Jul 2023AU$65.0bAU$29.5bAU$2.3b57.5x28.5x2.2x
Sat, 10 Jun 2023AU$66.3bAU$29.5bAU$2.3b58x29.1x2.3x
Mon, 08 May 2023AU$67.0bAU$29.5bAU$2.3b61.1x29.4x2.3x
Wed, 05 Apr 2023AU$64.8bAU$29.5bAU$2.3b61x28.5x2.2x
Fri, 03 Mar 2023AU$62.4bAU$29.5bAU$2.3b61x27.5x2.1x
Price to Earnings Ratio

27.5x


Total Market Cap: AU$62.4bTotal 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 32.5x202420252026
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 32.5x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.3x.
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 Market0.97%
Telecom1.21%
Telecom Services and Carriers3.54%
Alternative Carriers8.57%
Integrated Telecom Services3.33%
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 32.7%, 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 31.0x.
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 9.8% 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
TLS Telstra GroupAU$5.256.1%
+AU$3.4b		26.2%PE26x
TPG TPG TelecomAU$3.912.1%
+AU$156.7m		-12.5%PS1.4x
SLC SuperloopAU$2.7212.4%
+AU$154.4m		27.1%PE99.3x
ABB Aussie BroadbandAU$5.113.2%
+AU$46.8m		36.6%PE58.1x
CCG Comms GroupAU$0.077.7%
+AU$2.7m		-5.4%PS0.7x

Latest News

ABB
AU$5.11
Aussie Broadband
7D
3.2%
1Y
36.6%
TLS
AU$5.25
Telstra Group
7D
6.1%
1Y
26.2%
SLC
AU$2.72
Superloop
7D
12.4%
1Y
27.1%
TPG
AU$3.91
TPG Telecom
7D
2.1%
1Y
-12.5%

TPG: Recent Equity Raisings Will Support Higher Future Share Returns

Analysts have nudged their price target for TPG Telecom slightly higher to A$4.28 from A$4.26. This reflects updated assumptions around discount rates, modest revenue contraction, profit margins and a higher future P/E multiple.
SWP
AU$0.15
Swoop Holdings
7D
3.4%
1Y
-14.3%
CCG
AU$0.07
Comms Group
7D
7.7%
1Y
-5.4%
5GG
AU$0.025
Pentanet
7D
-7.4%
1Y
-31.5%

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HFY
AU$0.009
Hubify
7D
-10.0%
1Y
-10.0%

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TUA
AU$6.15
Tuas
7D
-3.6%
1Y
-5.2%

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Jan 06
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