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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies10
  • 7D-1.1%
  • 3M-4.6%
  • 1Y16.7%
  • YTD14.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.2%, driven by a pullback from Telstra Group of 1.2%. Over the past 12 months, the industry was up 16%. 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
Fri, 19 Dec 2025AU$68.2bAU$30.8bAU$2.1b263.8x32.3x2.2x
Sun, 16 Nov 2025AU$69.6bAU$30.8bAU$2.1b244.5x32.9x2.3x
Tue, 14 Oct 2025AU$71.5bAU$30.9bAU$2.1b245.9x33.8x2.3x
Thu, 11 Sep 2025AU$72.3bAU$30.9bAU$2.1b675.7x34.3x2.3x
Sat, 09 Aug 2025AU$72.1bAU$30.6bAU$1.6b45.9x45.4x2.4x
Mon, 07 Jul 2025AU$70.3bAU$30.6bAU$1.6b38.5x44.3x2.3x
Wed, 04 Jun 2025AU$70.7bAU$30.6bAU$1.6b42x44.5x2.3x
Fri, 02 May 2025AU$66.4bAU$30.6bAU$1.6b40.9x41.8x2.2x
Sun, 30 Mar 2025AU$62.5bAU$30.6bAU$1.6b41.9x39.4x2x
Tue, 25 Feb 2025AU$61.8bAU$30.5bAU$1.7b44.6x36.1x2x
Thu, 23 Jan 2025AU$59.1bAU$30.4bAU$1.6b40.8x36.3x1.9x
Sat, 21 Dec 2024AU$59.0bAU$30.4bAU$1.6b39.8x36.2x1.9x
Mon, 18 Nov 2024AU$57.9bAU$30.4bAU$1.6b41.1x35.6x1.9x
Wed, 16 Oct 2024AU$58.9bAU$30.4bAU$1.6b43.8x36.1x1.9x
Fri, 13 Sep 2024AU$59.0bAU$30.4bAU$1.6b42x37x1.9x
Sun, 11 Aug 2024AU$56.5bAU$30.1bAU$2.0b39.8x28.4x1.9x
Tue, 09 Jul 2024AU$54.9bAU$30.1bAU$2.0b45x27.6x1.8x
Thu, 06 Jun 2024AU$53.1bAU$30.1bAU$2.0b44.4x26.7x1.8x
Sat, 04 May 2024AU$53.4bAU$30.1bAU$2.0b47.9x26.9x1.8x
Mon, 01 Apr 2024AU$56.7bAU$30.1bAU$2.0b46x28.5x1.9x
Wed, 28 Feb 2024AU$56.5bAU$30.0bAU$2.0b55.8x28.5x1.9x
Fri, 26 Jan 2024AU$62.2bAU$30.0bAU$2.3b24.5x27.3x2.1x
Sun, 24 Dec 2023AU$61.6bAU$30.0bAU$2.3b23.8x27x2.1x
Tue, 21 Nov 2023AU$58.8bAU$30.0bAU$2.3b22.8x25.8x2x
Thu, 19 Oct 2023AU$60.9bAU$30.0bAU$2.3b26.1x26.7x2x
Sat, 16 Sep 2023AU$61.0bAU$30.0bAU$2.3b26.7x26.9x2x
Mon, 14 Aug 2023AU$64.8bAU$29.1bAU$2.3b56.3x28.6x2.2x
Wed, 12 Jul 2023AU$65.1bAU$29.5bAU$2.3b58.4x28.6x2.2x
Fri, 09 Jun 2023AU$66.5bAU$29.5bAU$2.3b57.4x29.2x2.3x
Sun, 07 May 2023AU$67.0bAU$29.5bAU$2.3b61.1x29.4x2.3x
Tue, 04 Apr 2023AU$64.4bAU$29.5bAU$2.3b60.9x28.3x2.2x
Thu, 02 Mar 2023AU$62.6bAU$29.5bAU$2.3b61.3x27.5x2.1x
Sat, 28 Jan 2023AU$63.3bAU$28.3bAU$1.8b62.8x35.3x2.2x
Mon, 26 Dec 2022AU$62.5bAU$28.3bAU$1.8b62.8x34.8x2.2x
Price to Earnings Ratio

34.8x


Total Market Cap: AU$62.5bTotal 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 32.6x202320242025
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 2.9% 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-0.083%
Telecom-1.10%
Telecom Services and Carriers-1.09%
Integrated Telecom Services-0.96%
Alternative Carriers-4.11%
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
TUA TuasAU$7.182.3%
+AU$87.7m		22.9%PE486.9x
FRX FlexiRoamAU$0.02123.5%
+AU$6.1m		110.0%PS2.3x

Latest News

TPG
AU$3.77
TPG Telecom
7D
-0.8%
1Y
-12.5%
TLS
AU$4.82
Telstra Group
7D
-1.0%
1Y
21.1%

TLS Margins And Cash Flow Will Shape Measured Upside Outlook

Analysts have nudged their price target on Telstra Group modestly higher to reflect a slightly increased fair value estimate of about $4.94, citing ongoing revenue growth, resilient margins, and expectations for stronger future earnings multiples despite a marginally higher discount rate. Analyst Commentary Bullish analysts view Telstra Group's recent performance and guidance as evidence that the company is entering a more durable growth phase, with improving earnings quality and greater visibility on cash generation.
CCG
AU$0.07
Comms Group
7D
-1.4%
1Y
-4.1%
ABB
AU$4.86
Aussie Broadband
7D
-4.3%
1Y
36.1%

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Nov 27
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SLC
AU$2.52
Superloop
7D
-1.9%
1Y
19.4%

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Nov 22
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TUA
AU$7.18
Tuas
7D
2.3%
1Y
22.9%
FRX
AU$0.021
FlexiRoam
7D
23.5%
1Y
110.0%