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Australian (ASX) Telecom Sector Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies41
  • 7D-0.07%
  • 3M-2.8%
  • 1Y-16.4%
  • YTD-7.5%

Over the last 7 days, the Telecom industry has dropped 1.1%, driven by REA Group declining 5.6%. Overall the industry is down 17% in 12 months. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026AU$110.3bAU$42.1bAU$3.3b31.2x33.5x2.6x
Sat, 09 May 2026AU$118.4bAU$42.1bAU$3.3b30.6x35.9x2.8x
Mon, 06 Apr 2026AU$114.9bAU$42.1bAU$3.3b27.1x34.9x2.7x
Wed, 04 Mar 2026AU$115.6bAU$42.2bAU$3.3b30.7x35.1x2.7x
Fri, 30 Jan 2026AU$118.3bAU$42.2bAU$3.4b36.8x34.6x2.8x
Sun, 28 Dec 2025AU$119.6bAU$43.5bAU$3.4b35.1x34.8x2.7x
Tue, 25 Nov 2025AU$124.4bAU$43.5bAU$3.4b36.2x36.2x2.9x
Thu, 23 Oct 2025AU$133.1bAU$43.5bAU$3.4b40x38.7x3.1x
Sat, 20 Sep 2025AU$133.7bAU$43.5bAU$3.4b43.1x39x3.1x
Mon, 18 Aug 2025AU$138.7bAU$44.1bAU$3.0b28.7x46.9x3.1x
Wed, 16 Jul 2025AU$136.9bAU$44.4bAU$2.2b35.2x61.1x3.1x
Fri, 13 Jun 2025AU$136.1bAU$44.4bAU$2.2b40.1x60.7x3.1x
Sun, 11 May 2025AU$131.7bAU$44.4bAU$2.2b41.9x58.8x3x
Tue, 08 Apr 2025AU$120.6bAU$44.4bAU$2.2b36.8x53.8x2.7x
Thu, 06 Mar 2025AU$127.7bAU$44.4bAU$2.2b34x57.1x2.9x
Sat, 01 Feb 2025AU$124.8bAU$44.0bAU$1.9b23.8x66x2.8x
Mon, 30 Dec 2024AU$122.5bAU$44.0bAU$1.9b24.3x64.8x2.8x
Wed, 27 Nov 2024AU$125.3bAU$44.0bAU$1.9b23.7x66.3x2.8x
Fri, 25 Oct 2024AU$120.5bAU$44.0bAU$1.9b23.2x63.8x2.7x
Sun, 22 Sep 2024AU$117.0bAU$44.0bAU$1.9b24.5x63.1x2.7x
Tue, 20 Aug 2024AU$117.2bAU$43.9bAU$2.1b28.2x56.3x2.7x
Thu, 18 Jul 2024AU$115.5bAU$43.6bAU$2.8b22.9x40.6x2.6x
Sat, 15 Jun 2024AU$109.3bAU$43.6bAU$2.8b22.9x38.4x2.5x
Mon, 13 May 2024AU$111.0bAU$43.6bAU$2.8b30.2x39x2.5x
Wed, 10 Apr 2024AU$112.2bAU$43.6bAU$2.9b30x38.9x2.6x
Fri, 08 Mar 2024AU$114.1bAU$43.6bAU$2.9b31.4x39.6x2.6x
Sun, 04 Feb 2024AU$121.3bAU$43.2bAU$3.4b21.9x36x2.8x
Tue, 02 Jan 2024AU$118.5bAU$43.2bAU$3.4b20.9x35.1x2.7x
Thu, 30 Nov 2023AU$108.9bAU$43.2bAU$3.4b19.9x32.3x2.5x
Sat, 28 Oct 2023AU$106.4bAU$43.2bAU$3.4b21.3x31.6x2.5x
Mon, 25 Sep 2023AU$111.1bAU$43.2bAU$3.4b19.9x32.9x2.6x
Wed, 23 Aug 2023AU$112.8bAU$42.8bAU$3.6b18.2x31.5x2.6x
Fri, 21 Jul 2023AU$114.1bAU$42.4bAU$3.3b20.5x34.7x2.7x
Sun, 18 Jun 2023AU$113.9bAU$42.4bAU$3.3b20x34.7x2.7x
Price to Earnings Ratio

34.7x


Total Market Cap: AU$113.9bTotal Earnings: AU$3.3bTotal Revenue: AU$42.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Telecom Sector Price to Earnings3Y Average 44.4x202420252026
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 33.3x which is lower than its 3-year average PE of 44.4x.
  • 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-1.74%
Telecom-0.066%
Entertainment3.57%
Telecom Services and Carriers1.23%
Media1.21%
Wireless Telecom0%0
Interactive Media and Services-2.89%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 200x.
    • Analysts are expecting annual earnings growth of 20.7%, 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 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 195% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 8.9% 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$5.181.2%
+AU$665.0m		6.8%PE25.3x
TUA TuasAU$2.5515.4%
+AU$186.5m		-56.4%PE104.2x
SEK SEEKAU$13.492.6%
+AU$121.4m		-43.8%PS4x
EVT EVTAU$12.494.5%
+AU$87.8m		-22.6%PE50.6x
SLC SuperloopAU$3.764.7%
+AU$87.5m		31.9%PE137.3x

Latest News

OML
AU$1.35
oOh!media
7D
8.9%
1Y
-19.4%
SLC
AU$3.76
Superloop
7D
4.7%
1Y
31.9%
EVT
AU$12.49
EVT
7D
4.5%
1Y
-22.6%
Narrative Update • Jun 06

EVT: Upcoming Fully Franked Dividend Is Expected To Support Future Returns

Analysts have kept EVT's fair value estimate steady at A$16.62 while making only small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions. The latest price target update therefore reflects a largely unchanged view on the stock's long term potential.
TLS
AU$5.18
Telstra Group
7D
1.2%
1Y
6.8%
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.
REA
AU$149.43
REA Group
7D
-5.6%
1Y
-38.0%
TUA
AU$2.55
Tuas
7D
15.4%
1Y
-56.4%
TPG
AU$3.63
TPG Telecom
7D
-1.4%
1Y
-30.7%
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.
ART
AU$0.21
Airtasker
7D
13.2%
1Y
-28.3%
Narrative Update • Jun 04

ART: Upcoming 2026 Meeting Will Support Higher Future Earnings Multiple

Analysts have lowered their Airtasker fair value estimate from A$0.41 to A$0.38 as they factor in updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Airtasker has a Special and Extraordinary Shareholders Meeting scheduled for June 10, 2026.
SEK
AU$13.49
SEEK
7D
2.6%
1Y
-43.8%
Narrative Update • Jun 02

SEK: Index Removals Will Set Up Future Rebound Potential

Analysts have adjusted SEEK's price target slightly to A$22.73 from A$23.15, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News SEEK Limited (ASX:SEK) was dropped from the S&P Global 1200 index, according to S&P index updates.
OVT
AU$0.017
Ovanti
7D
-50.0%
1Y
-66.0%
SHO
AU$0.062
SportsHero
7D
-8.8%
1Y
158.3%
BBL
AU$1.69
Brisbane Broncos
7D
13.0%
1Y
81.7%
SXL
AU$0.59
Southern Cross Media Group
7D
-1.7%
1Y
-7.1%
FTI
AU$0.75
Fortifai
7D
-8.0%
1Y
900.0%
SEG
AU$0.29
Sports Entertainment Group
7D
-10.8%
1Y
23.4%
IGL
AU$2.45
IVE Group
7D
-2.8%
1Y
-7.9%