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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies10
  • 7D-3.4%
  • 3M-3.3%
  • 1Y1.6%
  • YTD2.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.4%, driven by a pullback from Telstra Group of 3.2%. In contrast, Aussie Broadband has gained 8.5%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026AU$70.4bAU$30.5bAU$2.4b61.2x29.8x2.3x
Thu, 30 Apr 2026AU$73.5bAU$30.5bAU$2.4b60.5x31.1x2.4x
Sat, 28 Mar 2026AU$74.2bAU$30.5bAU$2.4b54x31.4x2.4x
Mon, 23 Feb 2026AU$71.8bAU$30.9bAU$2.2b73.7x32.3x2.3x
Wed, 21 Jan 2026AU$68.2bAU$30.8bAU$2.1b275.1x32.3x2.2x
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
Price to Earnings Ratio

29.2x


Total Market Cap: AU$66.5bTotal 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 32.7x202420252026
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
  • 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 Market0.98%
Telecom-2.47%
Telecom Services and Carriers-3.41%
Alternative Carriers-0.089%
Integrated Telecom Services-3.57%
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 close to 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 7.6% 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
ABB Aussie BroadbandAU$5.648.5%
+AU$129.1m		38.2%PE64.3x
SLC SuperloopAU$3.500.9%
+AU$15.4m		30.6%PE127.8x
5GG PentanetAU$0.0185.9%
+AU$433.2k		-43.8%PS0.3x

Latest News

TUA
AU$2.00
Tuas
7D
-9.9%
1Y
-65.7%
TPG
AU$4.00
TPG Telecom
7D
-2.0%
1Y
-22.8%
Narrative Update • May 19

TPG: Fair Outlook Will Rely On Modest Discount Rate And P E Expectations

Analysts have kept their fair value estimate for TPG Telecom steady at A$4.16, with a slightly higher discount rate and a largely unchanged future P/E assumption. This has led to no change in the overall price target while reflecting a modestly more cautious risk outlook.
TLS
AU$5.16
Telstra Group
7D
-3.2%
1Y
7.1%
Narrative Update • May 05

TLS: Future Returns Will Rely On Buybacks Dividends And Risk Repricing

Analysts have trimmed their Telstra Group price targets, citing slightly higher discount rate assumptions and cautious readthrough from recent software sector weakness. Fair value, long term revenue growth, margin and P/E inputs remain broadly unchanged.
5GG
AU$0.018
Pentanet
7D
5.9%
1Y
-43.8%
SLC
AU$3.50
Superloop
7D
0.9%
1Y
30.6%
ABB
AU$5.64
Aussie Broadband
7D
8.5%
1Y
38.2%
HFY
AU$0.01
Hubify
7D
-16.7%
1Y
42.9%
CCG
AU$0.074
Comms Group
7D
-1.3%
1Y
48.0%
FRX
AU$0.018
FlexiRoam
7D
-5.3%
1Y
200.0%