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Belgian (BEL20) Telecom Sector Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies8
- 7D-0.3%
- 3M-4.4%
- 1Y3.0%
- YTD16.0%
In the last week, Telecom has been flat. As for the the longer term, the industry is up 3.0% over the past 12 months. In the next few years, earnings are forecast to decline by 7.0% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 17 Nov 2025 | €4.5b | €9.2b | €559.3m | 26x | 8x | 0.5x |
| Wed, 15 Oct 2025 | €4.7b | €9.3b | €655.3m | 25.9x | 7.2x | 0.5x |
| Fri, 12 Sep 2025 | €4.6b | €9.3b | €655.3m | 25.9x | 7.1x | 0.5x |
| Sun, 10 Aug 2025 | €4.6b | €9.3b | €652.9m | 26x | 7.1x | 0.5x |
| Tue, 08 Jul 2025 | €5.0b | €9.4b | €552.7m | 27.4x | 9x | 0.5x |
| Thu, 05 Jun 2025 | €4.7b | €9.4b | €552.7m | 27.2x | 8.5x | 0.5x |
| Sat, 03 May 2025 | €4.3b | €9.3b | €515.7m | 26.3x | 8.3x | 0.5x |
| Mon, 31 Mar 2025 | €4.3b | €9.3b | €510.7m | 28.1x | 8.4x | 0.5x |
| Wed, 26 Feb 2025 | €3.9b | €9.1b | €524.2m | 26.4x | 7.4x | 0.4x |
| Fri, 24 Jan 2025 | €3.7b | €9.1b | €504.6m | 28.5x | 7.4x | 0.4x |
| Sun, 22 Dec 2024 | €3.8b | €9.1b | €504.6m | 27.2x | 7.5x | 0.4x |
| Tue, 19 Nov 2024 | €4.3b | €9.1b | €504.6m | 27.3x | 8.6x | 0.5x |
| Thu, 17 Oct 2024 | €4.3b | €9.0b | €403.6m | 28.2x | 10.8x | 0.5x |
| Sat, 14 Sep 2024 | €4.4b | €9.0b | €403.6m | 27.7x | 11x | 0.5x |
| Mon, 12 Aug 2024 | €4.2b | €9.0b | €421.1m | 37.8x | 9.9x | 0.5x |
| Wed, 10 Jul 2024 | €4.5b | €8.7b | €421.5m | 36.5x | 10.6x | 0.5x |
| Fri, 07 Jun 2024 | €4.5b | €8.7b | €421.5m | 35.9x | 10.8x | 0.5x |
| Sun, 05 May 2024 | €4.3b | €8.7b | €421.5m | 36.4x | 10.2x | 0.5x |
| Tue, 02 Apr 2024 | €4.5b | €8.7b | €415.4m | 20.3x | 10.8x | 0.5x |
| Thu, 29 Feb 2024 | €4.6b | €8.7b | €412.2m | 13.9x | 11.2x | 0.5x |
| Sat, 27 Jan 2024 | €5.0b | €8.4b | €403.5m | 27.7x | 12.3x | 0.6x |
| Mon, 25 Dec 2023 | €4.9b | €8.4b | €403.5m | 31.1x | 12.3x | 0.6x |
| Wed, 22 Nov 2023 | €5.0b | €8.4b | €403.5m | 32.2x | 12.5x | 0.6x |
| Fri, 20 Oct 2023 | €4.8b | €8.3b | €449.5m | 31.2x | 10.7x | 0.6x |
| Sun, 17 Sep 2023 | €4.6b | €8.3b | €449.5m | 30.8x | 10.2x | 0.6x |
| Tue, 15 Aug 2023 | €4.4b | €8.3b | €446.3m | 36.1x | 10x | 0.5x |
| Thu, 13 Jul 2023 | €4.5b | €8.2b | €518.3m | 19.6x | 8.7x | 0.5x |
| Sat, 10 Jun 2023 | €4.6b | €8.2b | €518.3m | 20.5x | 8.8x | 0.6x |
| Mon, 08 May 2023 | €4.8b | €8.2b | €518.3m | 20.9x | 9.2x | 0.6x |
| Wed, 05 Apr 2023 | €5.2b | €8.1b | €543.4m | 21x | 9.6x | 0.6x |
| Fri, 03 Mar 2023 | €5.0b | €8.0b | €553.4m | 14.8x | 9.1x | 0.6x |
| Sun, 29 Jan 2023 | €5.3b | €7.9b | €560.3m | 14.8x | 9.5x | 0.7x |
| Tue, 27 Dec 2022 | €5.1b | €7.9b | €560.3m | 15x | 9.2x | 0.7x |
| Thu, 24 Nov 2022 | €5.6b | €7.9b | €560.3m | 15.1x | 9.9x | 0.7x |
Price to Earnings Ratio
9.9x
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 9.5x.
- 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 | 1.77% | |
| Telecom | -0.26% | |
| Media | 1.23% | |
| Entertainment | 0.33% | |
| Wireless Telecom | 0% | 0 |
| Telecom Services and Carriers | -0.72% | |
| Interactive Media and Services | -12.41% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 2.0x.
- 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 5.8x.
Forecasted Growth
- Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 23% 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 | |
|---|---|---|---|---|---|
| KIN Kinepolis Group | €30.45 | 0.3% +€2.7m | -21.7% | PE17.2x | |
| ROU Roularta Media Group | €12.30 | 1.2% +€1.9m | 7.0% | PE93x |