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Belgian (BEL20) Telecom Sector Analysis
UpdatedDec 17, 2025
DataAggregated Company Financials
Companies7
- 7D-0.4%
- 3M-3.5%
- 1Y22.9%
- YTD16.8%
The Telecom industry has stayed flat over the last week. The past year has been better, since the industry has gained 23% in that time. As for the next few years, earnings are forecast to decline by 7.5% 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Dec 2025 | €4.5b | €9.2b | €559.3m | 25.5x | 8x | 0.5x |
| Fri, 14 Nov 2025 | €4.5b | €9.2b | €559.3m | 26x | 8x | 0.5x |
| Sun, 12 Oct 2025 | €4.7b | €9.3b | €655.3m | 25.9x | 7.1x | 0.5x |
| Tue, 09 Sep 2025 | €4.6b | €9.3b | €655.3m | 26.1x | 7.1x | 0.5x |
| Thu, 07 Aug 2025 | €4.7b | €9.3b | €652.9m | 26.6x | 7.2x | 0.5x |
| Sat, 05 Jul 2025 | €5.0b | €9.4b | €552.7m | 27.3x | 9x | 0.5x |
| Mon, 02 Jun 2025 | €4.7b | €9.4b | €552.7m | 27.2x | 8.5x | 0.5x |
| Wed, 30 Apr 2025 | €4.1b | €9.3b | €515.7m | 25.7x | 8x | 0.4x |
| Fri, 28 Mar 2025 | €4.3b | €9.3b | €510.7m | 28.3x | 8.4x | 0.5x |
| Sun, 23 Feb 2025 | €3.9b | €9.1b | €524.2m | 27.2x | 7.4x | 0.4x |
| Tue, 21 Jan 2025 | €3.8b | €9.1b | €504.6m | 28x | 7.6x | 0.4x |
| Thu, 19 Dec 2024 | €3.8b | €9.1b | €504.6m | 26.9x | 7.5x | 0.4x |
| Sat, 16 Nov 2024 | €4.3b | €9.1b | €504.6m | 27.6x | 8.6x | 0.5x |
| Mon, 14 Oct 2024 | €4.4b | €9.0b | €403.6m | 28.3x | 10.8x | 0.5x |
| Wed, 11 Sep 2024 | €4.4b | €9.0b | €403.6m | 27.4x | 10.9x | 0.5x |
| Fri, 09 Aug 2024 | €4.1b | €9.0b | €421.1m | 37.3x | 9.8x | 0.5x |
| Sun, 07 Jul 2024 | €4.5b | €8.7b | €421.5m | 36.1x | 10.7x | 0.5x |
| Tue, 04 Jun 2024 | €4.5b | €8.7b | €421.5m | 37.7x | 10.7x | 0.5x |
| Thu, 02 May 2024 | €4.3b | €8.7b | €421.5m | 36.9x | 10.2x | 0.5x |
| Sat, 30 Mar 2024 | €4.5b | €8.7b | €415.4m | 20.3x | 10.8x | 0.5x |
| Mon, 26 Feb 2024 | €4.8b | €8.7b | €412.2m | 14.2x | 11.7x | 0.6x |
| Wed, 24 Jan 2024 | €5.0b | €8.4b | €403.5m | 27.4x | 12.4x | 0.6x |
| Fri, 22 Dec 2023 | €4.9b | €8.4b | €403.5m | 31x | 12.2x | 0.6x |
| Sun, 19 Nov 2023 | €5.1b | €8.4b | €403.5m | 32.6x | 12.6x | 0.6x |
| Tue, 17 Oct 2023 | €4.9b | €8.3b | €449.5m | 31.8x | 10.9x | 0.6x |
| Thu, 14 Sep 2023 | €4.6b | €8.3b | €449.5m | 29.5x | 10.2x | 0.5x |
| Sat, 12 Aug 2023 | €4.4b | €8.3b | €446.3m | 35.9x | 9.9x | 0.5x |
| Mon, 10 Jul 2023 | €4.4b | €8.2b | €518.3m | 19.6x | 8.5x | 0.5x |
| Wed, 07 Jun 2023 | €4.6b | €8.2b | €518.3m | 20.4x | 8.8x | 0.6x |
| Fri, 05 May 2023 | €4.7b | €8.1b | €543.3m | 20.9x | 8.6x | 0.6x |
| Sun, 02 Apr 2023 | €5.3b | €8.1b | €543.4m | 21.2x | 9.7x | 0.7x |
| Tue, 28 Feb 2023 | €5.1b | €8.0b | €553.4m | 14.9x | 9.3x | 0.6x |
| Thu, 26 Jan 2023 | €5.3b | €7.9b | €560.3m | 14.5x | 9.4x | 0.7x |
| Sat, 24 Dec 2022 | €5.1b | €7.9b | €560.3m | 15x | 9.2x | 0.7x |
Price to Earnings Ratio
9.2x
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 | 0.89% | |
| Telecom | -0.39% | |
| Interactive Media and Services | 0% | 0 |
| Media | 0% | 0 |
| Telecom Services and Carriers | 0% | 0 |
| Wireless Telecom | 0% | 0 |
| Entertainment | -2.17% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 4.3x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||