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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies10
  • 7D-0.08%
  • 3M-5.3%
  • 1Y16.3%
  • YTD15.1%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat. As for the the longer term, the industry is up 16% over the past 12 months. 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
Sat, 13 Dec 2025AU$69.0bAU$30.8bAU$2.1b262.6x32.7x2.2x
Mon, 10 Nov 2025AU$74.1bAU$30.8bAU$2.1b255.8x35x2.4x
Wed, 08 Oct 2025AU$71.5bAU$30.9bAU$2.1b256.6x33.8x2.3x
Fri, 05 Sep 2025AU$71.1bAU$30.9bAU$2.1b618.4x33.7x2.3x
Sun, 03 Aug 2025AU$71.8bAU$30.6bAU$1.6b44.6x45.2x2.3x
Tue, 01 Jul 2025AU$70.4bAU$30.6bAU$1.6b39x44.4x2.3x
Thu, 29 May 2025AU$68.9bAU$30.6bAU$1.6b40.4x43.4x2.3x
Sat, 26 Apr 2025AU$65.0bAU$30.6bAU$1.6b39.3x40.9x2.1x
Mon, 24 Mar 2025AU$62.3bAU$30.6bAU$1.6b34.6x39.4x2x
Wed, 19 Feb 2025AU$58.4bAU$30.3bAU$1.6b44.1x35.6x1.9x
Fri, 17 Jan 2025AU$59.9bAU$30.4bAU$1.6b40.8x36.8x2x
Sun, 15 Dec 2024AU$59.7bAU$30.4bAU$1.6b41.5x36.6x2x
Tue, 12 Nov 2024AU$57.5bAU$30.4bAU$1.6b41.4x35.3x1.9x
Thu, 10 Oct 2024AU$58.9bAU$30.4bAU$1.6b42.7x36.1x1.9x
Sat, 07 Sep 2024AU$58.8bAU$30.4bAU$1.6b41.5x37x1.9x
Mon, 05 Aug 2024AU$57.8bAU$30.1bAU$2.0b39.8x29.1x1.9x
Wed, 03 Jul 2024AU$54.0bAU$30.1bAU$2.0b43.6x27.2x1.8x
Fri, 31 May 2024AU$51.9bAU$30.1bAU$2.0b43.1x26.1x1.7x
Sun, 28 Apr 2024AU$53.4bAU$30.1bAU$2.0b46.4x26.9x1.8x
Tue, 26 Mar 2024AU$55.4bAU$30.1bAU$2.0b46x27.9x1.8x
Thu, 22 Feb 2024AU$57.8bAU$29.9bAU$2.3b23.6x24.9x1.9x
Sat, 20 Jan 2024AU$61.8bAU$30.0bAU$2.3b24.3x27.1x2.1x
Mon, 18 Dec 2023AU$60.9bAU$30.0bAU$2.3b23.6x26.8x2x
Wed, 15 Nov 2023AU$59.7bAU$30.0bAU$2.3b23.2x26.2x2x
Fri, 13 Oct 2023AU$60.5bAU$30.0bAU$2.3b24.6x26.6x2x
Sun, 10 Sep 2023AU$61.3bAU$30.0bAU$2.3b26.2x27x2x
Tue, 08 Aug 2023AU$64.9bAU$29.1bAU$2.3b55.3x28.7x2.2x
Thu, 06 Jul 2023AU$66.7bAU$29.5bAU$2.3b59.9x29.2x2.3x
Sat, 03 Jun 2023AU$67.0bAU$29.5bAU$2.3b58.1x29.4x2.3x
Mon, 01 May 2023AU$67.2bAU$29.5bAU$2.3b62.9x29.5x2.3x
Wed, 29 Mar 2023AU$63.9bAU$29.5bAU$2.3b61.8x28.1x2.2x
Fri, 24 Feb 2023AU$63.5bAU$29.2bAU$2.0b66.4x32.3x2.2x
Sun, 22 Jan 2023AU$63.4bAU$28.3bAU$1.8b62.8x35.3x2.2x
Tue, 20 Dec 2022AU$62.4bAU$28.3bAU$1.8b62.8x34.8x2.2x
Price to Earnings Ratio

34.8x


Total Market Cap: AU$62.4bTotal 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 32.7x202320242025
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 32.7x.
  • 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 Market0.57%
Telecom-1.20%
Telecom Services and Carriers-0.082%
Integrated Telecom Services-0.0082%
Alternative Carriers-1.81%
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
TPG TPG TelecomAU$3.802.2%
+AU$155.1m		-14.8%PS1.3x
TUA TuasAU$7.021.6%
+AU$60.3m		18.0%PE480.4x
FRX FlexiRoamAU$0.01721.4%
+AU$4.6m		54.5%PS1.9x
CCG Comms GroupAU$0.0734.3%
+AU$1.6m		-1.4%PS0.7x

Latest News

TLS
AU$4.87
Telstra Group
7D
-0.4%
1Y
21.8%

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.
TPG
AU$3.80
TPG Telecom
7D
2.2%
1Y
-14.8%

TPG: Upcoming Capital Return Will Support Future Shareholder Upside Potential

Analysts have trimmed their price target on TPG Telecom slightly to approximately $5.00 per share, citing marginally higher discount rate assumptions, along with largely unchanged expectations for revenue growth, profit margins, and future valuation multiples. What's in the News TPG Telecom has completed a follow-on equity offering of approximately AUD 300 million via a subsequent direct listing of 83.1 million ordinary shares at AUD 3.61 per share (company filing).
SWP
AU$0.10
Swoop Holdings
7D
-4.5%
1Y
-38.2%
CCG
AU$0.073
Comms Group
7D
4.3%
1Y
-1.4%
ABB
AU$5.02
Aussie Broadband
7D
-1.4%
1Y
35.7%

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Nov 27
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SLC
AU$2.57
Superloop
7D
-2.3%
1Y
16.8%

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Nov 22
Superloop Limited (ASX:SLC) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless
HFY
AU$0.008
Hubify
7D
-11.1%
1Y
-11.1%

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Nov 03
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TUA
AU$7.02
Tuas
7D
1.6%
1Y
18.0%
FRX
AU$0.017
FlexiRoam
7D
21.4%
1Y
54.5%