Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies10
  • 7D1.9%
  • 3M-5.5%
  • 1Y16.8%
  • YTD-0.2%

The Telecom Services and Carriers is pretty flat in the last 7 days, but Telstra Group has stood out, gaining 3.4%. As for the the longer term, the industry is up 15% over the past 12 months. 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
Sat, 31 Jan 2026AU$69.0bAU$30.8bAU$2.1b270.6x32.7x2.2x
Mon, 29 Dec 2025AU$68.9bAU$30.8bAU$2.1b267.7x32.6x2.2x
Wed, 26 Nov 2025AU$69.3bAU$30.8bAU$2.1b234.6x32.8x2.2x
Fri, 24 Oct 2025AU$72.8bAU$30.8bAU$2.1b253x34.5x2.4x
Sun, 21 Sep 2025AU$71.5bAU$30.9bAU$2.1b705.2x33.9x2.3x
Tue, 19 Aug 2025AU$73.0bAU$30.6bAU$2.1b45.3x35.2x2.4x
Thu, 17 Jul 2025AU$71.6bAU$30.6bAU$1.6b40.8x45.1x2.3x
Sat, 14 Jun 2025AU$70.9bAU$30.6bAU$1.6b40.1x44.6x2.3x
Mon, 12 May 2025AU$67.6bAU$30.6bAU$1.6b41.8x42.5x2.2x
Wed, 09 Apr 2025AU$63.5bAU$30.6bAU$1.6b38.4x40x2.1x
Fri, 07 Mar 2025AU$61.7bAU$30.6bAU$1.6b33.7x39.1x2x
Sun, 02 Feb 2025AU$59.4bAU$30.4bAU$1.6b44.2x36.4x2x
Tue, 31 Dec 2024AU$60.2bAU$30.4bAU$1.6b40.1x36.9x2x
Thu, 28 Nov 2024AU$58.9bAU$30.4bAU$1.6b42x36.1x1.9x
Sat, 26 Oct 2024AU$57.9bAU$30.4bAU$1.6b43.7x35.6x1.9x
Mon, 23 Sep 2024AU$58.9bAU$30.4bAU$1.6b43.3x37x1.9x
Wed, 21 Aug 2024AU$58.1bAU$30.2bAU$1.6b39.2x36.7x1.9x
Fri, 19 Jul 2024AU$57.5bAU$30.1bAU$2.0b38x28.9x1.9x
Sun, 16 Jun 2024AU$53.1bAU$30.1bAU$2.0b45.9x26.7x1.8x
Tue, 14 May 2024AU$54.6bAU$30.1bAU$2.0b47.2x27.5x1.8x
Thu, 11 Apr 2024AU$56.0bAU$30.1bAU$2.0b45.5x28.2x1.9x
Sat, 09 Mar 2024AU$56.4bAU$30.0bAU$2.0b58.1x28.5x1.9x
Mon, 05 Feb 2024AU$63.6bAU$30.0bAU$2.3b25.5x28x2.1x
Wed, 03 Jan 2024AU$61.8bAU$30.0bAU$2.3b24.2x27.2x2.1x
Fri, 01 Dec 2023AU$59.0bAU$30.0bAU$2.3b22.9x25.9x2x
Sun, 29 Oct 2023AU$59.4bAU$30.0bAU$2.3b24.4x26.1x2x
Tue, 26 Sep 2023AU$61.0bAU$30.0bAU$2.3b26.3x26.8x2x
Thu, 24 Aug 2023AU$62.4bAU$29.8bAU$2.3b41.8x26.7x2.1x
Sat, 22 Jul 2023AU$65.1bAU$29.5bAU$2.3b57.6x28.5x2.2x
Mon, 19 Jun 2023AU$67.2bAU$29.5bAU$2.3b58.7x29.5x2.3x
Wed, 17 May 2023AU$67.0bAU$29.5bAU$2.3b59.4x29.4x2.3x
Fri, 14 Apr 2023AU$65.5bAU$29.5bAU$2.3b61x28.7x2.2x
Sun, 12 Mar 2023AU$63.9bAU$29.4bAU$2.3b62.2x28.2x2.2x
Tue, 07 Feb 2023AU$63.3bAU$28.3bAU$1.8b62.8x35.3x2.2x
Price to Earnings Ratio

35.3x


Total Market Cap: AU$63.3bTotal 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-0.40%
Telecom0.068%
Telecom Services and Carriers1.87%
Integrated Telecom Services2.11%
Alternative Carriers-4.26%
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 29.3%, 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
TLS Telstra GroupAU$4.883.4%
+AU$1.8b		23.5%PE25.3x
SWP Swoop HoldingsAU$0.1529.2%
+AU$10.8m		-16.2%PS0.4x
CCG Comms GroupAU$0.0684.6%
+AU$1.6m		-16.0%PS0.7x
HFY HubifyAU$0.0142.9%
+AU$1.5m		42.9%PS0.3x
5GG PentanetAU$0.0316.9%
+AU$866.3k		-32.6%PS0.6x

Latest News

ABB
AU$4.52
Aussie Broadband
7D
-3.6%
1Y
14.7%
CCG
AU$0.068
Comms Group
7D
4.6%
1Y
-16.0%
SLC
AU$2.30
Superloop
7D
-5.0%
1Y
1.3%
TLS
AU$4.88
Telstra Group
7D
3.4%
1Y
23.5%

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$3.87
TPG Telecom
7D
-1.8%
1Y
-12.0%

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$0.031
Pentanet
7D
6.9%
1Y
-32.6%

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$0.01
Hubify
7D
42.9%
1Y
42.9%

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$0.15
Swoop Holdings
7D
29.2%
1Y
-16.2%

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$7.09
Tuas
7D
-7.2%
1Y
7.9%

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