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Australian (ASX) Telecom Services and Carriers Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies10
  • 7D2.1%
  • 3M-5.3%
  • 1Y-3.2%
  • YTD0.4%

The Telecom Services and Carriers industry is up 2.1% in the last week, with Telstra Group up 0.8%. Meanwhile, Aussie Broadband actually underperformed within the industry, shrinking 9.2% in the last week. In contrast, the industry has lost 3.2% in the last 12 months. 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
Wed, 17 Jun 2026AU$68.6bAU$30.5bAU$2.4b60.1x29x2.2x
Fri, 15 May 2026AU$74.0bAU$30.5bAU$2.4b60.3x31.3x2.4x
Sun, 12 Apr 2026AU$75.5bAU$30.5bAU$2.4b57.7x31.9x2.5x
Tue, 10 Mar 2026AU$72.1bAU$30.5bAU$2.4b55.3x30.6x2.4x
Thu, 05 Feb 2026AU$69.5bAU$30.8bAU$2.1b268.6x32.9x2.3x
Sat, 03 Jan 2026AU$69.1bAU$30.8bAU$2.1b264.5x32.7x2.2x
Mon, 01 Dec 2025AU$69.5bAU$30.8bAU$2.1b242.3x32.9x2.3x
Wed, 29 Oct 2025AU$73.2bAU$30.8bAU$2.1b253.5x34.6x2.4x
Fri, 26 Sep 2025AU$72.2bAU$30.9bAU$2.1b265.9x34.1x2.3x
Sun, 24 Aug 2025AU$74.2bAU$30.7bAU$2.1b649.5x35.7x2.4x
Tue, 22 Jul 2025AU$71.5bAU$30.6bAU$1.6b41.1x45x2.3x
Thu, 19 Jun 2025AU$71.5bAU$30.6bAU$1.6b41x45x2.3x
Sat, 17 May 2025AU$66.3bAU$30.6bAU$1.6b39.7x41.8x2.2x
Mon, 14 Apr 2025AU$65.0bAU$30.6bAU$1.6b39.6x40.9x2.1x
Wed, 12 Mar 2025AU$60.7bAU$30.6bAU$1.6b33.1x38.5x2x
Fri, 07 Feb 2025AU$59.4bAU$30.3bAU$1.6b43x36.2x2x
Sun, 05 Jan 2025AU$60.8bAU$30.4bAU$1.6b39.7x37.3x2x
Tue, 03 Dec 2024AU$59.1bAU$30.4bAU$1.6b41.4x36.3x1.9x
Thu, 31 Oct 2024AU$57.4bAU$30.4bAU$1.6b42.2x35.2x1.9x
Sat, 28 Sep 2024AU$59.1bAU$30.4bAU$1.6b42.9x36.9x1.9x
Mon, 26 Aug 2024AU$58.9bAU$30.2bAU$1.6b40.1x36.6x1.9x
Wed, 24 Jul 2024AU$57.4bAU$30.1bAU$2.0b38.7x28.9x1.9x
Fri, 21 Jun 2024AU$54.3bAU$30.1bAU$2.0b45.2x27.3x1.8x
Sun, 19 May 2024AU$54.6bAU$30.1bAU$2.0b47.1x27.5x1.8x
Tue, 16 Apr 2024AU$54.5bAU$30.1bAU$2.0b45.1x27.4x1.8x
Thu, 14 Mar 2024AU$55.7bAU$30.0bAU$2.0b55.7x28.1x1.9x
Sat, 10 Feb 2024AU$58.9bAU$29.8bAU$2.2b24.5x26.5x2x
Mon, 08 Jan 2024AU$60.7bAU$30.0bAU$2.3b23.5x26.7x2x
Wed, 06 Dec 2023AU$58.6bAU$30.0bAU$2.3b22.6x25.7x2x
Fri, 03 Nov 2023AU$60.0bAU$30.0bAU$2.3b24.7x26.4x2x
Sun, 01 Oct 2023AU$60.5bAU$30.0bAU$2.3b25.7x26.6x2x
Tue, 29 Aug 2023AU$62.1bAU$29.9bAU$2.2b31.6x27.9x2.1x
Thu, 27 Jul 2023AU$65.6bAU$29.5bAU$2.3b57.8x28.8x2.2x
Sat, 24 Jun 2023AU$66.4bAU$29.5bAU$2.3b59x29.1x2.3x
Price to Earnings Ratio

29.1x


Total Market Cap: AU$66.4bTotal 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 Market3.00%
Telecom0.066%
Telecom Services and Carriers2.15%
Integrated Telecom Services2.40%
Alternative Carriers-2.37%
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 33.2%, 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$5.120.8%
+AU$443.3m		4.9%PE25x
TUA TuasAU$2.707.6%
+AU$104.2m		-54.7%PE110.8x
TPG TPG TelecomAU$3.680.3%
+AU$19.5m		-31.5%PE138.2x
5GG PentanetAU$0.01812.5%
+AU$866.3k		-28.0%PS0.3x
HFY HubifyAU$0.01110.0%
+AU$517.1k		22.2%PS0.3x

Latest News

ABB
AU$5.20
Aussie Broadband
7D
-9.2%
1Y
27.8%
SWP
AU$0.089
Swoop Holdings
7D
-7.3%
1Y
-7.3%
SLC
AU$3.55
Superloop
7D
-3.0%
1Y
18.3%
TLS
AU$5.12
Telstra Group
7D
0.8%
1Y
4.9%
Narrative Update • Jun 06

TLS: Future Returns Will Depend On Buybacks Dividends And Sector Risk Repricing

Analysts have trimmed Telstra Group's fair value estimate slightly to A$5.27, reflecting a modestly higher discount rate and updated sector comparisons after recent software stock weakness, while still pointing to steady expectations for revenue growth, profit margins and a future P/E near 28x. Analyst Commentary Recent sector commentary on software and security-focused stocks highlights a mix of optimism about operational execution and caution around valuation for companies exposed to government and federal spending, which investors often compare to Telstra's infrastructure and service profile.
TUA
AU$2.70
Tuas
7D
7.6%
1Y
-54.7%
TPG
AU$3.68
TPG Telecom
7D
0.3%
1Y
-31.5%
Narrative Update • Jun 04

TPG: Mobile First Model And AI Focus Will Support Future Upside

Analysts have lowered their price target for TPG Telecom to A$4.12 from A$4.16, citing updated assumptions that include slightly lower revenue growth, modestly softer profit margins and a small uplift in the projected future P/E multiple. What's in the News TPG Telecom highlighted first half FY26 mobile service revenue, supported by a digital first focus, AI use and disciplined cost management.
5GG
AU$0.018
Pentanet
7D
12.5%
1Y
-28.0%
HFY
AU$0.011
Hubify
7D
10.0%
1Y
22.2%
CCG
AU$0.072
Comms Group
7D
-1.4%
1Y
60.0%