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Belgian (BEL20) Telecom Sector Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies7
  • 7D-1.1%
  • 3M-2.8%
  • 1Y20.9%
  • YTD16.9%

Over the last 7 days, the Telecom industry has dropped 1.1%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 21%. Looking forward, earnings are forecast to decline by 7.5% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025€4.5b€9.2b€559.3m25.6x8x0.5x
Tue, 11 Nov 2025€4.5b€9.3b€655.3m25.8x6.8x0.5x
Thu, 09 Oct 2025€4.7b€9.3b€655.3m26x7.2x0.5x
Sat, 06 Sep 2025€4.7b€9.3b€655.3m26.1x7.1x0.5x
Mon, 04 Aug 2025€4.8b€9.3b€652.9m27.7x7.3x0.5x
Wed, 02 Jul 2025€5.0b€9.4b€552.7m27.7x9x0.5x
Fri, 30 May 2025€4.7b€9.4b€552.7m27.2x8.4x0.5x
Sun, 27 Apr 2025€4.1b€9.3b€515.7m26.2x8x0.4x
Tue, 25 Mar 2025€4.2b€9.3b€510.7m28.2x8.3x0.5x
Thu, 20 Feb 2025€3.9b€9.1b€524.2m27.2x7.4x0.4x
Sat, 18 Jan 2025€3.8b€9.1b€504.6m28x7.5x0.4x
Mon, 16 Dec 2024€3.7b€9.1b€504.6m26.8x7.4x0.4x
Wed, 13 Nov 2024€4.3b€9.1b€504.6m27.2x8.5x0.5x
Fri, 11 Oct 2024€4.4b€9.0b€403.6m28x10.9x0.5x
Sun, 08 Sep 2024€4.4b€9.0b€403.6m28x11x0.5x
Tue, 06 Aug 2024€4.1b€9.0b€421.1m37.5x9.8x0.5x
Thu, 04 Jul 2024€4.5b€8.7b€421.5m36.3x10.6x0.5x
Sat, 01 Jun 2024€4.5b€8.7b€421.5m37.5x10.6x0.5x
Mon, 29 Apr 2024€4.3b€8.7b€421.5m36.1x10.3x0.5x
Wed, 27 Mar 2024€4.5b€8.7b€415.4m21x10.8x0.5x
Fri, 23 Feb 2024€4.7b€8.7b€387.3m18.1x12.2x0.5x
Sun, 21 Jan 2024€5.0b€8.4b€403.5m27.4x12.4x0.6x
Tue, 19 Dec 2023€4.9b€8.4b€403.5m31.2x12.1x0.6x
Thu, 16 Nov 2023€5.0b€8.4b€403.5m32.5x12.5x0.6x
Sat, 14 Oct 2023€4.8b€8.3b€449.5m31.4x10.7x0.6x
Mon, 11 Sep 2023€4.5b€8.3b€449.5m29.4x10x0.5x
Wed, 09 Aug 2023€4.4b€8.3b€446.3m35.8x9.8x0.5x
Fri, 07 Jul 2023€4.4b€8.2b€518.3m19.4x8.4x0.5x
Sun, 04 Jun 2023€4.6b€8.2b€518.3m20.4x8.8x0.6x
Tue, 02 May 2023€4.8b€8.1b€543.3m21.1x8.9x0.6x
Thu, 30 Mar 2023€5.2b€8.1b€543.4m21.2x9.6x0.6x
Sat, 25 Feb 2023€5.1b€8.0b€553.4m15x9.2x0.6x
Mon, 23 Jan 2023€5.3b€7.9b€560.3m14.6x9.5x0.7x
Wed, 21 Dec 2022€4.9b€7.9b€560.3m15x8.8x0.6x
Price to Earnings Ratio

8.8x


Total Market Cap: €4.9bTotal Earnings: €560.3mTotal Revenue: €7.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Telecom Sector Price to Earnings3Y Average 9.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Belgian 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 8.0x which is lower than its 3-year average PE of 9.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.4% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Belgian Telecom sector?

BE Market-0.38%
Telecom-1.05%
Interactive Media and Services0%0
Wireless Telecom0%0
Media-0.41%
Telecom Services and Carriers-0.77%
Entertainment-3.60%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 4.1x.
    • 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 below its 3-year average of 5.7x.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 22% over the next 5 years.
  • However this is lower than its past earnings growth rate of 34% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 28% 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
No data available

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