We Like Orange Belgium's (EBR:OBEL) Earnings For More Than Just Statutory Profit
Feb 14
Have your own idea? Try our Stock Screener
Belgian (BEL20) Telecom Sector Analysis
UpdatedMar 21, 2026
DataAggregated Company Financials
Companies7
- 7D-0.4%
- 3M-0.9%
- 1Y4.5%
- YTD-2.5%
The Telecom industry has been flat over the last week, but Kinepolis Group has lost 4.1%. The past year has been better, since the industry has gained 4.5% in that time. As for the next few years, earnings are forecast to decline by 1.2% per annum.
Sector Valuation and Performance
Has the Belgian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Mar 2026 | €4.5b | €9.1b | €478.8m | 25.1x | 9.3x | 0.5x |
| Mon, 16 Feb 2026 | €4.9b | €9.2b | €563.3m | 23.5x | 8.7x | 0.5x |
| Wed, 14 Jan 2026 | €4.5b | €9.2b | €559.3m | 25.5x | 8x | 0.5x |
| Fri, 12 Dec 2025 | €4.5b | €9.2b | €559.3m | 25.6x | 8x | 0.5x |
| Sun, 09 Nov 2025 | €4.5b | €9.3b | €655.3m | 25.8x | 6.8x | 0.5x |
| Tue, 07 Oct 2025 | €4.6b | €9.3b | €655.3m | 26x | 7.1x | 0.5x |
| Thu, 04 Sep 2025 | €4.6b | €9.3b | €655.3m | 26.2x | 7.1x | 0.5x |
| Sat, 02 Aug 2025 | €4.8b | €9.3b | €652.9m | 27.7x | 7.3x | 0.5x |
| Mon, 30 Jun 2025 | €5.0b | €9.4b | €552.7m | 27.7x | 9x | 0.5x |
| Wed, 28 May 2025 | €4.7b | €9.4b | €552.7m | 27.2x | 8.5x | 0.5x |
| Fri, 25 Apr 2025 | €4.2b | €9.3b | €515.7m | 26.2x | 8.1x | 0.5x |
| Sun, 23 Mar 2025 | €4.3b | €9.3b | €510.7m | 28.4x | 8.3x | 0.5x |
| Tue, 18 Feb 2025 | €3.9b | €9.1b | €524.2m | 27.2x | 7.4x | 0.4x |
| Thu, 16 Jan 2025 | €3.8b | €9.1b | €504.6m | 28.6x | 7.5x | 0.4x |
| Sat, 14 Dec 2024 | €3.7b | €9.1b | €504.6m | 26.8x | 7.4x | 0.4x |
| Mon, 11 Nov 2024 | €4.3b | €9.1b | €504.6m | 28x | 8.6x | 0.5x |
| Wed, 09 Oct 2024 | €4.4b | €9.0b | €403.6m | 27.9x | 10.9x | 0.5x |
| Fri, 06 Sep 2024 | €4.5b | €9.0b | €403.6m | 28.3x | 11x | 0.5x |
| Sun, 04 Aug 2024 | €4.2b | €9.0b | €421.1m | 37.2x | 10x | 0.5x |
| Tue, 02 Jul 2024 | €4.5b | €8.7b | €421.5m | 36.2x | 10.6x | 0.5x |
| Thu, 30 May 2024 | €4.5b | €8.7b | €421.5m | 37.4x | 10.6x | 0.5x |
| Sat, 27 Apr 2024 | €4.3b | €8.7b | €415.5m | 36.1x | 10.4x | 0.5x |
| Mon, 25 Mar 2024 | €4.5b | €8.7b | €415.4m | 21.1x | 10.8x | 0.5x |
| Wed, 21 Feb 2024 | €4.7b | €8.7b | €387.3m | 17.6x | 12.1x | 0.5x |
| Fri, 19 Jan 2024 | €5.0b | €8.4b | €403.5m | 27.4x | 12.4x | 0.6x |
| Sun, 17 Dec 2023 | €4.9b | €8.4b | €403.5m | 30x | 12.1x | 0.6x |
| Tue, 14 Nov 2023 | €4.8b | €8.4b | €403.5m | 32.4x | 12x | 0.6x |
| Thu, 12 Oct 2023 | €4.7b | €8.3b | €449.5m | 33x | 10.6x | 0.6x |
| Sat, 09 Sep 2023 | €4.5b | €8.3b | €449.5m | 29.4x | 10x | 0.5x |
| Mon, 07 Aug 2023 | €4.4b | €8.3b | €446.3m | 35.1x | 9.8x | 0.5x |
| Wed, 05 Jul 2023 | €4.4b | €8.2b | €518.3m | 19.8x | 8.6x | 0.5x |
| Fri, 02 Jun 2023 | €4.5b | €8.2b | €518.3m | 20.3x | 8.7x | 0.6x |
| Sun, 30 Apr 2023 | €4.8b | €8.1b | €543.3m | 21.1x | 8.9x | 0.6x |
| Tue, 28 Mar 2023 | €5.0b | €8.1b | €543.4m | 20.8x | 9.2x | 0.6x |
Price to Earnings Ratio
9.2x
Current Industry PE
- Investors are relatively neutral on the Belgian Communication Services 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 9.4x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have declined 4.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Belgian Telecom sector?
| BE Market | -4.11% | |
| Telecom | -0.38% | |
| Media | 3.10% | |
| Wireless Telecom | 2.02% | |
| Interactive Media and Services | 0% | 0 |
| Telecom Services and Carriers | -0.91% | |
| Entertainment | -4.13% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 11.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Telecom Services and Carriers industry, which is trading close to its 3-year average of 5.6x.
Forecasted Growth
- Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 6.3% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings decline by 18% 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 | |
|---|---|---|---|---|---|
| OBEL Orange Belgium | €20.20 | 2.0% +€27.0m | 33.8% | PE33x | |
| ROU Roularta Media Group | €13.30 | 3.1% +€5.0m | -13.6% | PE100.5x |