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Belgian (BEL20) Telecom Sector Analysis
UpdatedDec 06, 2025
DataAggregated Company Financials
Companies7
- 7D-2.6%
- 3M-2.6%
- 1Y12.7%
- YTD18.1%
In the last week, the Telecom industry is up 1.7%, with Proximus up 3.6%. In the last 12 months, the industry was up 14%. In the next few years, earnings are forecast to decline by 7.1% 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 |
|---|---|---|---|---|---|---|
| Sat, 06 Dec 2025 | €4.5b | €9.2b | €559.3m | 25.9x | 8.1x | 0.5x |
| Mon, 03 Nov 2025 | €4.6b | €9.3b | €655.3m | 25.6x | 7.1x | 0.5x |
| Wed, 01 Oct 2025 | €4.7b | €9.3b | €655.3m | 26.2x | 7.2x | 0.5x |
| Fri, 29 Aug 2025 | €4.7b | €9.3b | €655.3m | 26.6x | 7.2x | 0.5x |
| Sun, 27 Jul 2025 | €4.8b | €9.5b | €657.9m | 26.5x | 7.3x | 0.5x |
| Tue, 24 Jun 2025 | €4.9b | €9.4b | €552.7m | 27.7x | 8.8x | 0.5x |
| Thu, 22 May 2025 | €4.5b | €9.4b | €552.7m | 25.9x | 8.1x | 0.5x |
| Sat, 19 Apr 2025 | €4.2b | €9.3b | €515.7m | 25.5x | 8.1x | 0.5x |
| Mon, 17 Mar 2025 | €4.3b | €9.3b | €510.7m | 28.2x | 8.3x | 0.5x |
| Wed, 12 Feb 2025 | €3.9b | €9.1b | €524.2m | 27.3x | 7.4x | 0.4x |
| Fri, 10 Jan 2025 | €3.9b | €9.1b | €504.6m | 28.9x | 7.7x | 0.4x |
| Sun, 08 Dec 2024 | €4.0b | €9.1b | €504.6m | 27.3x | 8x | 0.4x |
| Tue, 05 Nov 2024 | €4.4b | €9.1b | €504.6m | 27.9x | 8.6x | 0.5x |
| Thu, 03 Oct 2024 | €4.4b | €9.0b | €403.6m | 27.8x | 11x | 0.5x |
| Sat, 31 Aug 2024 | €4.4b | €9.0b | €403.6m | 27.8x | 11x | 0.5x |
| Mon, 29 Jul 2024 | €4.3b | €9.0b | €420.1m | 38.1x | 10.3x | 0.5x |
| Wed, 26 Jun 2024 | €4.5b | €8.7b | €421.5m | 37.1x | 10.7x | 0.5x |
| Fri, 24 May 2024 | €4.5b | €8.7b | €421.5m | 36.2x | 10.8x | 0.5x |
| Sun, 21 Apr 2024 | €4.4b | €8.7b | €415.5m | 35.3x | 10.6x | 0.5x |
| Tue, 19 Mar 2024 | €4.4b | €8.7b | €415.4m | 20.6x | 10.7x | 0.5x |
| Thu, 15 Feb 2024 | €4.8b | €8.7b | €387.3m | 18.3x | 12.3x | 0.6x |
| Sat, 13 Jan 2024 | €5.0b | €8.4b | €403.5m | 30.2x | 12.4x | 0.6x |
| Mon, 11 Dec 2023 | €5.0b | €8.4b | €403.5m | 30x | 12.4x | 0.6x |
| Wed, 08 Nov 2023 | €4.8b | €8.4b | €403.5m | 31.8x | 11.8x | 0.6x |
| Fri, 06 Oct 2023 | €4.6b | €8.3b | €449.5m | 31.9x | 10.3x | 0.6x |
| Sun, 03 Sep 2023 | €4.4b | €8.3b | €449.5m | 30.1x | 9.8x | 0.5x |
| Tue, 01 Aug 2023 | €4.5b | €8.3b | €446.3m | 33.9x | 10x | 0.5x |
| Thu, 29 Jun 2023 | €4.3b | €8.2b | €518.3m | 19.9x | 8.4x | 0.5x |
| Sat, 27 May 2023 | €4.6b | €8.2b | €518.3m | 20.7x | 8.8x | 0.6x |
| Mon, 24 Apr 2023 | €5.1b | €8.1b | €543.3m | 21.7x | 9.4x | 0.6x |
| Wed, 22 Mar 2023 | €5.1b | €8.1b | €543.4m | 21.3x | 9.5x | 0.6x |
| Fri, 17 Feb 2023 | €5.2b | €7.9b | €559.4m | 14.8x | 9.3x | 0.7x |
| Sun, 15 Jan 2023 | €5.3b | €7.9b | €560.3m | 14.7x | 9.4x | 0.7x |
| Tue, 13 Dec 2022 | €5.1b | €7.9b | €560.3m | 15x | 9.1x | 0.6x |
Price to Earnings Ratio
9.1x
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 8.2x 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 | 0.53% | |
| Telecom | -2.60% | |
| Media | 0.41% | |
| Wireless Telecom | -0.26% | |
| Entertainment | -2.24% | |
| Telecom Services and Carriers | -4.18% | |
| Interactive Media and Services | -27.59% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 3.4x.
- 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 | |
|---|---|---|---|---|---|
| ROU Roularta Media Group | €12.30 | 0.4% +€619.4k | 7.9% | PE93x |