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Belgian (BEL20) Telecom Sector Analysis
UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies7
- 7D-0.9%
- 3M7.7%
- 1Y24.9%
- YTD6.8%
Over the last 7 days, the Telecom industry has remained flat. As for the the longer term, the industry is up 25% over the past 12 months. Looking forward, earnings are forecast to decline by 2.3% per year.
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, 26 Feb 2026 | €4.9b | €9.2b | €553.8m | 25.5x | 8.8x | 0.5x |
| Sat, 24 Jan 2026 | €4.6b | €9.2b | €559.3m | 25.1x | 8.2x | 0.5x |
| Mon, 22 Dec 2025 | €4.5b | €9.2b | €559.3m | 25.6x | 8x | 0.5x |
| Wed, 19 Nov 2025 | €4.4b | €9.2b | €559.3m | 25.6x | 7.9x | 0.5x |
| Fri, 17 Oct 2025 | €4.7b | €9.3b | €655.3m | 25.9x | 7.2x | 0.5x |
| Sun, 14 Sep 2025 | €4.6b | €9.3b | €655.3m | 25.7x | 7.1x | 0.5x |
| Tue, 12 Aug 2025 | €4.6b | €9.3b | €652.9m | 26x | 7.1x | 0.5x |
| Thu, 10 Jul 2025 | €5.0b | €9.4b | €552.7m | 27.4x | 9.1x | 0.5x |
| Sat, 07 Jun 2025 | €4.7b | €9.4b | €552.7m | 27.6x | 8.5x | 0.5x |
| Mon, 05 May 2025 | €4.3b | €9.3b | €515.7m | 26.3x | 8.3x | 0.5x |
| Wed, 02 Apr 2025 | €4.3b | €9.3b | €510.7m | 27.7x | 8.5x | 0.5x |
| Fri, 28 Feb 2025 | €4.0b | €9.1b | €524.2m | 26.3x | 7.6x | 0.4x |
| Sun, 26 Jan 2025 | €3.7b | €9.1b | €504.6m | 28.7x | 7.4x | 0.4x |
| Tue, 24 Dec 2024 | €3.7b | €9.1b | €504.6m | 27.2x | 7.4x | 0.4x |
| Thu, 21 Nov 2024 | €4.3b | €9.1b | €504.6m | 26.9x | 8.5x | 0.5x |
| Sat, 19 Oct 2024 | €4.3b | €9.0b | €403.6m | 28.3x | 10.6x | 0.5x |
| Mon, 16 Sep 2024 | €4.4b | €9.0b | €403.6m | 27.7x | 11x | 0.5x |
| Wed, 14 Aug 2024 | €4.3b | €9.0b | €421.1m | 38.1x | 10.2x | 0.5x |
| Fri, 12 Jul 2024 | €4.6b | €8.7b | €421.5m | 36.6x | 10.8x | 0.5x |
| Sun, 09 Jun 2024 | €4.5b | €8.7b | €421.5m | 35.6x | 10.7x | 0.5x |
| Tue, 07 May 2024 | €4.3b | €8.7b | €421.5m | 37x | 10.2x | 0.5x |
| Thu, 04 Apr 2024 | €4.5b | €8.7b | €415.5m | 35.2x | 10.9x | 0.5x |
| Sat, 02 Mar 2024 | €4.6b | €8.7b | €412.2m | 13.9x | 11.1x | 0.5x |
| Mon, 29 Jan 2024 | €5.0b | €8.4b | €403.5m | 27.7x | 12.3x | 0.6x |
| Wed, 27 Dec 2023 | €4.9b | €8.4b | €403.5m | 31.1x | 12.3x | 0.6x |
| Fri, 24 Nov 2023 | €5.1b | €8.4b | €403.5m | 31.9x | 12.5x | 0.6x |
| Sun, 22 Oct 2023 | €4.8b | €8.3b | €449.5m | 31.1x | 10.6x | 0.6x |
| Tue, 19 Sep 2023 | €4.6b | €8.3b | €449.5m | 30.8x | 10.3x | 0.6x |
| Thu, 17 Aug 2023 | €4.5b | €8.3b | €446.3m | 36.3x | 10x | 0.5x |
| Sat, 15 Jul 2023 | €4.5b | €8.2b | €518.3m | 19.7x | 8.8x | 0.6x |
| Mon, 12 Jun 2023 | €4.6b | €8.2b | €518.3m | 20.5x | 8.8x | 0.6x |
| Wed, 10 May 2023 | €4.9b | €8.2b | €518.3m | 21x | 9.4x | 0.6x |
| Fri, 07 Apr 2023 | €5.2b | €8.1b | €543.4m | 21x | 9.6x | 0.6x |
| Sun, 05 Mar 2023 | €5.1b | €8.0b | €553.4m | 14.7x | 9.2x | 0.6x |
Price to Earnings Ratio
9.2x
Current Industry PE
- Investors are relatively neutral on the Belgian Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio 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 4.6% 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 | -0.58% | |
| Telecom | -0.86% | |
| Wireless Telecom | 1.54% | |
| Media | 0% | 0 |
| Telecom Services and Carriers | -1.67% | |
| Interactive Media and Services | -1.96% | |
| Entertainment | -2.40% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 9.7x.
- 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 24% over the next 5 years.
- This is better than its past earnings decline of 6.3% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings decline by 18% 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 | |
|---|---|---|---|---|---|
| OBEL Orange Belgium | €19.80 | 1.5% +€20.2m | 34.5% | PE32.3x | |
| KIN Kinepolis Group | €26.90 | 1.7% +€12.0m | -22.0% | PE19x | |
| ROU Roularta Media Group | €13.90 | 1.5% +€2.5m | 17.8% | PE105.1x |
