Have your own idea? Try our Stock Screener
Belgian (BEL20) Telecom Sector Analysis
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies7
- 7D4.6%
- 3M3.9%
- 1Y25.9%
- YTD5.2%
The Telecom industry is up 1.7% in the last week, with Proximus up 2.9%. This means that the industry has gained 21% over the past year. As for the next few years, earnings are forecast to decline by 5.2% 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 |
|---|---|---|---|---|---|---|
| Thu, 05 Feb 2026 | €4.8b | €9.2b | €559.3m | 25.1x | 8.6x | 0.5x |
| Sat, 03 Jan 2026 | €4.6b | €9.2b | €559.3m | 26x | 8.2x | 0.5x |
| Mon, 01 Dec 2025 | €4.7b | €9.2b | €559.3m | 26.1x | 8.4x | 0.5x |
| Wed, 29 Oct 2025 | €4.7b | €9.3b | €655.3m | 25.8x | 7.2x | 0.5x |
| Fri, 26 Sep 2025 | €4.6b | €9.3b | €655.3m | 26x | 7x | 0.5x |
| Sun, 24 Aug 2025 | €4.8b | €9.3b | €655.3m | 26.7x | 7.3x | 0.5x |
| Tue, 22 Jul 2025 | €5.0b | €9.4b | €552.7m | 28x | 9x | 0.5x |
| Thu, 19 Jun 2025 | €4.9b | €9.4b | €552.7m | 27.9x | 8.8x | 0.5x |
| Sat, 17 May 2025 | €4.4b | €9.4b | €552.7m | 25.9x | 8x | 0.5x |
| Mon, 14 Apr 2025 | €4.1b | €9.3b | €510.6m | 27.1x | 8.1x | 0.4x |
| Wed, 12 Mar 2025 | €4.1b | €9.3b | €510.2m | 26.2x | 8.1x | 0.4x |
| Fri, 07 Feb 2025 | €3.8b | €9.1b | €504.6m | 27.7x | 7.6x | 0.4x |
| Sun, 05 Jan 2025 | €3.8b | €9.1b | €504.6m | 27.7x | 7.6x | 0.4x |
| Tue, 03 Dec 2024 | €4.1b | €9.1b | €504.6m | 26.5x | 8.2x | 0.5x |
| Thu, 31 Oct 2024 | €4.3b | €9.1b | €504.6m | 27.6x | 8.6x | 0.5x |
| Sat, 28 Sep 2024 | €4.5b | €9.0b | €403.6m | 28x | 11.1x | 0.5x |
| Mon, 26 Aug 2024 | €4.4b | €9.0b | €403.6m | 27.7x | 10.9x | 0.5x |
| Wed, 24 Jul 2024 | €4.6b | €8.9b | €424.1m | 37.7x | 10.9x | 0.5x |
| Fri, 21 Jun 2024 | €4.5b | €8.7b | €421.5m | 35.9x | 10.6x | 0.5x |
| Sun, 19 May 2024 | €4.6b | €8.7b | €421.5m | 37.2x | 10.9x | 0.5x |
| Tue, 16 Apr 2024 | €4.4b | €8.7b | €415.5m | 36.1x | 10.7x | 0.5x |
| Thu, 14 Mar 2024 | €4.5b | €8.7b | €415.4m | 20.8x | 10.9x | 0.5x |
| Sat, 10 Feb 2024 | €4.7b | €8.4b | €403.5m | 27.7x | 11.7x | 0.6x |
| Mon, 08 Jan 2024 | €5.0b | €8.4b | €403.5m | 29.9x | 12.5x | 0.6x |
| Wed, 06 Dec 2023 | €5.1b | €8.4b | €403.5m | 30.7x | 12.6x | 0.6x |
| Fri, 03 Nov 2023 | €4.8b | €8.4b | €403.5m | 32.4x | 11.8x | 0.6x |
| Sun, 01 Oct 2023 | €4.7b | €8.3b | €449.5m | 32.3x | 10.5x | 0.6x |
| Tue, 29 Aug 2023 | €4.3b | €8.3b | €449.5m | 29.7x | 9.6x | 0.5x |
| Thu, 27 Jul 2023 | €4.6b | €8.2b | €476.3m | 34.4x | 9.6x | 0.6x |
| Sat, 24 Jun 2023 | €4.4b | €8.2b | €518.3m | 19.8x | 8.5x | 0.5x |
| Mon, 22 May 2023 | €4.7b | €8.2b | €518.3m | 21x | 9.1x | 0.6x |
| Wed, 19 Apr 2023 | €5.2b | €8.1b | €543.3m | 22.1x | 9.6x | 0.6x |
| Fri, 17 Mar 2023 | €4.9b | €8.1b | €551.6m | 14.2x | 8.9x | 0.6x |
| Sun, 12 Feb 2023 | €5.3b | €7.9b | €559.4m | 15.4x | 9.4x | 0.7x |
Price to Earnings Ratio
9.4x
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 8.4x 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 0.52x.
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 | 3.76% | |
| Telecom | 4.61% | |
| Telecom Services and Carriers | 8.12% | |
| Media | 6.15% | |
| Entertainment | 0.92% | |
| Wireless Telecom | 0% | 0 |
| Interactive Media and Services | -4.96% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 7.9x.
- 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 19% 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 25% 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 | |
|---|---|---|---|---|---|
| PROX Proximus | €8.06 | 8.1% +€195.1m | 58.7% | PE5.5x | |
| ROU Roularta Media Group | €13.80 | 6.2% +€9.9m | 15.0% | PE104.3x | |
| KIN Kinepolis Group | €27.40 | 0.9% +€6.7m | -28.2% | PE15.5x |