Australian (ASX) Telecom Sector Analysis

Sector Valuation and Performance

Has the Australian Telecom Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 02 Aug 2026	AU$109.4b	AU$42.2b	AU$3.3b	25.8x	33.2x	2.6x
Tue, 30 Jun 2026	AU$107.6b	AU$42.1b	AU$3.3b	29x	32.6x	2.6x
Thu, 28 May 2026	AU$110.6b	AU$42.1b	AU$3.3b	30.7x	33.6x	2.6x
Sat, 25 Apr 2026	AU$119.0b	AU$42.1b	AU$3.3b	26.9x	36.1x	2.8x
Mon, 23 Mar 2026	AU$114.4b	AU$42.1b	AU$3.3b	28.6x	34.8x	2.7x
Wed, 18 Feb 2026	AU$113.2b	AU$42.3b	AU$3.3b	34x	34x	2.7x
Fri, 16 Jan 2026	AU$119.5b	AU$42.2b	AU$3.4b	36.8x	35x	2.8x
Sun, 14 Dec 2025	AU$120.5b	AU$43.5b	AU$3.4b	35.2x	35.1x	2.8x
Tue, 11 Nov 2025	AU$131.4b	AU$43.5b	AU$3.4b	36.8x	38.2x	3x
Thu, 09 Oct 2025	AU$131.0b	AU$43.6b	AU$3.4b	40.8x	38.1x	3x
Sat, 06 Sep 2025	AU$135.8b	AU$43.5b	AU$3.4b	42.5x	39.6x	3.1x
Mon, 04 Aug 2025	AU$136.5b	AU$44.4b	AU$2.4b	35.3x	56.1x	3.1x
Wed, 02 Jul 2025	AU$136.2b	AU$44.4b	AU$2.2b	35.4x	60.8x	3.1x
Fri, 30 May 2025	AU$135.3b	AU$44.4b	AU$2.2b	40.7x	60.4x	3x
Sun, 27 Apr 2025	AU$126.6b	AU$44.4b	AU$2.2b	39.3x	56.5x	2.9x
Tue, 25 Mar 2025	AU$124.2b	AU$44.4b	AU$2.2b	35.2x	55.6x	2.8x
Thu, 20 Feb 2025	AU$126.3b	AU$44.0b	AU$2.3b	30.7x	54.8x	2.9x
Sat, 18 Jan 2025	AU$121.3b	AU$44.0b	AU$1.9b	23.9x	64.2x	2.8x
Mon, 16 Dec 2024	AU$123.2b	AU$44.0b	AU$1.9b	24.4x	65.2x	2.8x
Wed, 13 Nov 2024	AU$122.5b	AU$44.0b	AU$1.9b	23.5x	64.8x	2.8x
Fri, 11 Oct 2024	AU$119.7b	AU$44.0b	AU$1.9b	24.3x	63.3x	2.7x
Sun, 08 Sep 2024	AU$116.5b	AU$44.0b	AU$1.9b	20.6x	62.9x	2.6x
Tue, 06 Aug 2024	AU$110.3b	AU$43.6b	AU$2.8b	22.2x	38.8x	2.5x
Thu, 04 Jul 2024	AU$108.6b	AU$43.6b	AU$2.8b	22.1x	38.2x	2.5x
Sat, 01 Jun 2024	AU$108.0b	AU$43.6b	AU$2.8b	22.9x	37.9x	2.5x
Mon, 29 Apr 2024	AU$107.8b	AU$43.6b	AU$2.9b	30.3x	37.4x	2.5x
Wed, 27 Mar 2024	AU$113.2b	AU$43.6b	AU$2.9b	30x	39.2x	2.6x
Fri, 23 Feb 2024	AU$115.4b	AU$43.4b	AU$2.9b	26.4x	40x	2.7x
Sun, 21 Jan 2024	AU$117.4b	AU$43.2b	AU$3.4b	21.9x	34.8x	2.7x
Tue, 19 Dec 2023	AU$114.8b	AU$43.2b	AU$3.4b	19.9x	34x	2.7x
Thu, 16 Nov 2023	AU$110.4b	AU$43.2b	AU$3.4b	21.8x	32.7x	2.6x
Sat, 14 Oct 2023	AU$111.8b	AU$43.2b	AU$3.4b	20.9x	33.2x	2.6x
Mon, 11 Sep 2023	AU$113.3b	AU$43.2b	AU$3.4b	21x	33.7x	2.6x
Wed, 09 Aug 2023	AU$116.0b	AU$42.0b	AU$3.3b	19.9x	35.5x	2.8x

Current Industry PE

Investors are pessimistic on the Australian Communication Services 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 33.2x which is lower than its 3-year average PE of 44.3x.

The industry is trading close to its 3-year average PS ratio of 2.8x.

Past Earnings Growth

Both revenue and earnings for companies in the Communication Services 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 sector?


AU Market	1.96%
Telecom	4.31%
Interactive Media and Services	7.60%
Entertainment	6.23%
Telecom Services and Carriers	2.63%
Media	2.27%
Wireless Telecom	0%	0

Industry PE

Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 202x.

Analysts are expecting annual earnings growth of 17.5%, which is lower than the prior year's growth of 194.7% per year.

Investors are most pessimistic about the Media industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.

Forecasted Growth

Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 17% over the next 5 years.

In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 8.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
TLS Telstra Group	AU$5.02	2.7% +AU$1.4b	1.8%	PE24.5x
REA REA Group	AU$160.71	5.8% +AU$1.2b	-30.9%	PE36.7x
CAR CAR Group	AU$25.99	8.7% +AU$784.3m	-30.7%	PE33.3x
SEK SEEK	AU$14.69	14.0% +AU$643.9m	-38.9%	PS4.4x
TPG TPG Telecom	AU$3.58	2.0% +AU$136.6m	-34.7%	PE134.4x

Ovanti Limited Announces Advisory Board Appointments, Effective July 20, 2026

Ovanti Limited appointed William “Billy” Parry and Derrick Ongchin to the Ovanti Advisory Board, effective July 20, 2026. Mr. Billy Parry is a payments and go-to-market executive with more than a decade of experience building and scaling merchant sales organisations. He joined Afterpay in September 2016 as one of its earliest commercial employees, at a time when the organisation had fewer than 20 employees. Mr. Parry served as Head of Sales -- SMB, Australia and New Zealand, where he helped build Afterpay's high-velocity small-business merchant acquisition capability. In August 2018, shortly after Afterpay's United States launch, he joined the early North American commercial team as Head of Sales -- SMB & Mid-Market. In that role, he led merchant sales across the SMB and mid-market segments and built teams, processes and product-led onboarding infrastructure for a market significantly larger than Australia and New Zealand. As a member of Ovanti's Advisory Board, Mr. Parry will advise on: · merchant segmentation, acquisition and activation across enterprise, mid-market and SMB channels; · go-to-market design, sales leadership, channel partnerships and commercial accountability; · merchant onboarding, product-led growth and the systems required to support repeatable expansion; and · building an Asian merchant proposition that is simple to adopt, commercially compelling and capable of scaling. Mr. Derrick Ongchin is a senior product, risk and technology executive with nearly two decades of experience across global payments, marketplaces and trust infrastructure. He joined Afterpay in July 2018 as its first United States product hire and went on to lead product work across credit, risk, identity, merchant onboarding and regulatory requirements in North America. Following Block's acquisition of Afterpay, he continued in product leadership at Block, including risk product. Prior senior product roles at Google and Uber: Before Afterpay, Mr. Ongchin helped build product capabilities spanning risk, abuse prevention, identity, trust, safety and security at Uber during its rapid international expansion. His work included machine-learning, marketplace integrity, payments risk and identity systems supporting the expansion of a complex two-sided platform across multiple product lines and jurisdictions. Earlier in his career, he held product roles at Google, including work on Search, Ads and the Google Books scanning program. Mr. Ongchin is a named inventor on an active United States patent assigned to Uber relating to object verification, as well as published patent applications concerning transport monitoring and user-account verification. He holds an MBA from the MIT Sloan School of Management, a Master of Science in Electrical Engineering and Computer Science from the MIT School of Engineering, and a Bachelor of Science in Materials Science and Engineering from Cornell University. As a member of Ovanti's Advisory Board, Mr. Ongchin will advise on: · BNPL product architecture, product-market fit and the roadmap from controlled pilot to scale; · credit, affordability, fraud, identity and machine-learning decisioning frameworks; · merchant onboarding, customer experience, platform integrity and regulatory readiness; and · data, reporting and operational controls designed to support responsible and sustainable growth.

Australian (ASX) Telecom Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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