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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies10
  • 7D0.6%
  • 3M-6.5%
  • 1Y-1.8%
  • YTD0.5%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably TPG Telecom declined by 4.2%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 8.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026AU$68.6bAU$30.5bAU$2.4b55.8x29x2.3x
Wed, 27 May 2026AU$71.6bAU$30.5bAU$2.4b61.1x30.3x2.3x
Fri, 24 Apr 2026AU$74.9bAU$30.5bAU$2.4b61.8x31.7x2.5x
Sun, 22 Mar 2026AU$73.9bAU$30.5bAU$2.4b53.9x31.3x2.4x
Tue, 17 Feb 2026AU$69.4bAU$30.8bAU$2.1b248.4x32.9x2.3x
Thu, 15 Jan 2026AU$68.5bAU$30.8bAU$2.1b265.1x32.4x2.2x
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
Price to Earnings Ratio

29.2x


Total Market Cap: AU$66.7bTotal 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 32.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 29.0x which is lower than its 3-year average PE of 32.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
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 Market-0.91%
Telecom-1.91%
Telecom Services and Carriers0.64%
Integrated Telecom Services0.96%
Alternative Carriers-5.60%
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 32.9%, 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 below its 3-year average of 31.4x.
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$5.152.0%
+AU$1.1b		6.8%PE25.2x
CCG Comms GroupAU$0.0745.7%
+AU$2.2m		37.0%PE55.3x
FRX FlexiRoamAU$0.0185.9%
+AU$1.5m		260.0%PE17.6x
SWP Swoop HoldingsAU$0.0924.5%
+AU$1.2m		1.1%PS0.2x

Latest News

TLS
AU$5.15
Telstra Group
7D
2.0%
1Y
6.8%
Narrative Update • Jun 25

TLS: Future Returns Will Rely On Buybacks Dividends And Pricing Power

Analysts have nudged their fair value estimate for Telstra Group slightly higher to about A$5.28 from A$5.27, reflecting updated assumptions around discount rates, margin potential and longer term valuation that align with a recent Neutral initiation carrying a A$5.50 price target. What’s in the News for Telstra Group Telstra Group reported an 8.1% change in underlying NPAT for the first half of FY2026, alongside higher interim dividends, as part of its Connected Future 30 plan, according to recent earnings coverage.
SLC
AU$3.29
Superloop
7D
-5.5%
1Y
10.4%
Narrative Update • Jun 22

SLC: Three-Year Plan And Smart Communities Will Support Balanced Outlook

The analyst price target for Superloop remains unchanged at A$3.69, with analysts maintaining their view based on consistent assumptions around discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Superloop Superloop scheduled an Analyst and Investor Day focused on its new three year plan covering FY27 to FY29, outlining the company’s intended direction for that period.
TPG
AU$3.64
TPG Telecom
7D
-4.2%
1Y
-32.0%
ABB
AU$4.90
Aussie Broadband
7D
-5.8%
1Y
25.3%
SWP
AU$0.092
Swoop Holdings
7D
4.5%
1Y
1.1%
TUA
AU$2.23
Tuas
7D
-12.9%
1Y
-62.5%
CCG
AU$0.074
Comms Group
7D
5.7%
1Y
37.0%
FRX
AU$0.018
FlexiRoam
7D
5.9%
1Y
260.0%