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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies10
  • 7D1.2%
  • 3M5.6%
  • 1Y18.2%
  • YTD5.1%

The Telecom Services and Carriers industry is up 1.2% in the last week, with Telstra Group up 1.8%. This takes the industry's 12 month performance to a gain of 18%. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026AU$72.6bAU$30.5bAU$2.4b57.9x30.8x2.4x
Wed, 28 Jan 2026AU$68.7bAU$30.8bAU$2.1b284.5x32.5x2.2x
Fri, 26 Dec 2025AU$68.8bAU$30.8bAU$2.1b267.1x32.6x2.2x
Sun, 23 Nov 2025AU$68.3bAU$30.8bAU$2.1b237.1x32.3x2.2x
Tue, 21 Oct 2025AU$71.8bAU$30.8bAU$2.1b241.6x34x2.3x
Thu, 18 Sep 2025AU$72.2bAU$30.9bAU$2.1b685.2x34.3x2.3x
Sat, 16 Aug 2025AU$72.5bAU$30.6bAU$2.1b44.7x34.9x2.4x
Mon, 14 Jul 2025AU$70.6bAU$30.6bAU$1.6b40.7x44.4x2.3x
Wed, 11 Jun 2025AU$70.5bAU$30.6bAU$1.6b41x44.4x2.3x
Fri, 09 May 2025AU$67.2bAU$30.6bAU$1.6b41.9x42.3x2.2x
Sun, 06 Apr 2025AU$63.3bAU$30.6bAU$1.6b38.3x39.8x2.1x
Tue, 04 Mar 2025AU$62.5bAU$30.6bAU$1.6b35.1x39.6x2x
Thu, 30 Jan 2025AU$59.7bAU$30.4bAU$1.6b41.8x36.7x2x
Sat, 28 Dec 2024AU$60.0bAU$30.4bAU$1.6b40x36.9x2x
Mon, 25 Nov 2024AU$57.5bAU$30.4bAU$1.6b39.5x35.3x1.9x
Wed, 23 Oct 2024AU$57.7bAU$30.4bAU$1.6b41.5x35.4x1.9x
Fri, 20 Sep 2024AU$59.6bAU$30.4bAU$1.6b41.8x37.4x2x
Sun, 18 Aug 2024AU$58.0bAU$30.2bAU$1.6b40.1x36.7x1.9x
Tue, 16 Jul 2024AU$57.2bAU$30.1bAU$2.0b39.5x28.8x1.9x
Thu, 13 Jun 2024AU$53.0bAU$30.1bAU$2.0b44.4x26.6x1.8x
Sat, 11 May 2024AU$54.1bAU$30.1bAU$2.0b48.6x27.2x1.8x
Mon, 08 Apr 2024AU$56.2bAU$30.1bAU$2.0b44.7x28.3x1.9x
Wed, 06 Mar 2024AU$56.2bAU$30.0bAU$2.0b59.5x28.3x1.9x
Fri, 02 Feb 2024AU$62.6bAU$30.0bAU$2.3b24.5x27.5x2.1x
Sun, 31 Dec 2023AU$61.8bAU$30.0bAU$2.3b24.4x27.2x2.1x
Tue, 28 Nov 2023AU$58.2bAU$30.0bAU$2.3b22.5x25.6x1.9x
Thu, 26 Oct 2023AU$60.2bAU$30.0bAU$2.3b24.8x26.5x2x
Sat, 23 Sep 2023AU$60.5bAU$30.0bAU$2.3b26x26.6x2x
Mon, 21 Aug 2023AU$61.7bAU$29.7bAU$2.3b57x26.4x2.1x
Wed, 19 Jul 2023AU$65.0bAU$29.5bAU$2.3b56.4x28.5x2.2x
Fri, 16 Jun 2023AU$67.0bAU$29.5bAU$2.3b59.1x29.4x2.3x
Sun, 14 May 2023AU$66.9bAU$29.5bAU$2.3b59.4x29.4x2.3x
Tue, 11 Apr 2023AU$65.4bAU$29.5bAU$2.3b61.5x28.7x2.2x
Thu, 09 Mar 2023AU$63.5bAU$29.4bAU$2.3b63.7x28x2.2x
Price to Earnings Ratio

28x


Total Market Cap: AU$63.5bTotal Earnings: AU$2.3bTotal Revenue: AU$29.4bTotal 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 2.4x.
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 Market1.41%
Telecom1.61%
Telecom Services and Carriers1.25%
Alternative Carriers1.82%
Integrated Telecom Services1.22%
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 33.7%, 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 34% 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 7.1% 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$5.231.8%
+AU$977.2m
23.9%PE25.9x
TPG TPG TelecomAU$4.003.6%
+AU$246.2m
-11.3%PE150.2x
SLC SuperloopAU$2.937.3%
+AU$102.9m
35.0%PE107x
HFY HubifyAU$0.021133.3%
+AU$6.3m
162.5%PS0.6x
CCG Comms GroupAU$0.0748.8%
+AU$3.3m
32.1%PE55.3x

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