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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies10
  • 7D1.3%
  • 3M10.1%
  • 1Y19.0%
  • YTD8.9%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.3%, driven by gains from Telstra Group of 1.7%. This takes the industry's 12 month performance to a gain of 19%. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026AU$75.1bAU$30.5bAU$2.4b54.9x31.7x2.5x
Thu, 05 Mar 2026AU$72.6bAU$30.5bAU$2.4b56x30.8x2.4x
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
Price to Earnings Ratio

28.7x


Total Market Cap: AU$65.5bTotal 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 32.6x202420252026
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 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 Market1.13%
Telecom0.54%
Telecom Services and Carriers1.28%
Integrated Telecom Services1.36%
Alternative Carriers-0.56%
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 31.2x.
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 7.5% 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$5.401.3%
+AU$770.9m		24.7%PE26.7x
TPG TPG TelecomAU$4.050.7%
+AU$58.6m		-16.5%PE152x
ABB Aussie BroadbandAU$4.963.8%
+AU$52.8m		30.2%PE56.5x
SWP Swoop HoldingsAU$0.1511.1%
+AU$4.7m		30.4%PS0.4x
CCG Comms GroupAU$0.0694.5%
+AU$1.6m		50.0%PE51.5x

Latest News

TLS
AU$5.40
Telstra Group
7D
1.3%
1Y
24.7%

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

Analysts have slightly lifted their fair value estimate for Telstra Group, taking the implied price target from about A$5.21 to around A$5.27. This reflects modest adjustments to discount rate, revenue growth, profit margin and future P/E assumptions in light of recent research commentary on peers facing software sector pressure but still reporting solid results and in-line guidance.
SLC
AU$3.19
Superloop
7D
-1.8%
1Y
49.8%
ABB
AU$4.96
Aussie Broadband
7D
3.8%
1Y
30.2%
TPG
AU$4.05
TPG Telecom
7D
0.7%
1Y
-16.5%

TPG: Stable Outlook Will Rely On Slightly Softer Discount Rate Assumptions

Analysts have nudged their price target for TPG Telecom slightly higher to A$4.13 from A$4.11, reflecting small adjustments to fair value, discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. Valuation Changes Fair Value: A$4.11 to A$4.13, a small upward adjustment to the estimated share valuation.
TUA
AU$5.75
Tuas
7D
-5.6%
1Y
12.5%
5GG
AU$0.022
Pentanet
7D
-12.0%
1Y
-26.7%
HFY
AU$0.016
Hubify
7D
-5.9%
1Y
128.6%
CCG
AU$0.069
Comms Group
7D
4.5%
1Y
50.0%
SWP
AU$0.15
Swoop Holdings
7D
11.1%
1Y
30.4%
FRX
AU$0.018
FlexiRoam
7D
-10.0%
1Y
350.0%