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U.K. (FTSE) Telecom Sector Analysis

UpdatedNov 01, 2025
DataAggregated Company Financials
Companies59
  • 7D1.4%
  • 3M2.8%
  • 1Y19.1%
  • YTD17.9%

Over the last 7 days, the Telecom industry has risen 2.2%, driven by gains from Airtel Africa of 21%. Meanwhile, WPP actually underperformed within the industry, shrinking 20% in the last week. This means that the industry has gained 21% over the past year. As for the next few years, earnings are expected to grow by 34% per annum.

Sector Valuation and Performance

Has the U.K. Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Nov 2025UK£101.6bUK£96.0b-UK£1,364,273,085.9816.3x-74.5x1.1x
Mon, 29 Sep 2025UK£100.0bUK£95.5b-UK£1,441,509,703.3916.5x-69.4x1x
Wed, 27 Aug 2025UK£103.6bUK£95.2b-UK£1,368,245,337.7116.6x-75.7x1.1x
Fri, 25 Jul 2025UK£101.4bUK£96.0b-UK£1,154,788,242.7616.4x-87.8x1.1x
Sun, 22 Jun 2025UK£94.2bUK£93.2b-UK£637,107,836.1916.9x-147.8x1x
Tue, 20 May 2025UK£92.3bUK£92.5bUK£4.6b15.7x20x1x
Thu, 17 Apr 2025UK£86.6bUK£93.2bUK£4.6b16.6x18.9x0.9x
Sat, 15 Mar 2025UK£88.4bUK£92.6bUK£4.8b15x18.4x1x
Mon, 10 Feb 2025UK£91.0bUK£87.4bUK£4.6b18.7x19.8x1x
Wed, 08 Jan 2025UK£87.1bUK£87.3bUK£4.4b18.6x19.7x1x
Fri, 06 Dec 2024UK£89.6bUK£87.1bUK£4.4b20.4x20.2x1x
Sun, 03 Nov 2024UK£86.4bUK£87.2bUK£3.6b16.9x24.1x1x
Tue, 01 Oct 2024UK£89.8bUK£86.9bUK£3.7b20.3x24.4x1x
Thu, 29 Aug 2024UK£88.4bUK£87.4bUK£3.6b20.3x24.6x1x
Sat, 27 Jul 2024UK£89.0bUK£87.5bUK£3.4b21x25.9x1x
Mon, 24 Jun 2024UK£87.9bUK£87.7bUK£3.2b19.2x27.8x1x
Wed, 22 May 2024UK£88.0bUK£87.8bUK£3.1b20.9x28.1x1x
Fri, 19 Apr 2024UK£79.8bUK£95.0bUK£12.5b19.2x6.4x0.8x
Sun, 17 Mar 2024UK£81.6bUK£95.3bUK£12.2b20.9x6.7x0.9x
Tue, 13 Feb 2024UK£79.9bUK£94.9bUK£12.7b19.3x6.3x0.8x
Thu, 11 Jan 2024UK£85.5bUK£97.3bUK£12.9b16.5x6.6x0.9x
Sat, 09 Dec 2023UK£85.7bUK£97.3bUK£12.9b16.7x6.6x0.9x
Mon, 06 Nov 2023UK£84.3bUK£98.0bUK£14.1b18.7x6x0.9x
Wed, 04 Oct 2023UK£82.8bUK£98.1bUK£14.2b17.7x5.8x0.8x
Fri, 01 Sep 2023UK£82.6bUK£97.1bUK£14.0b18.2x5.9x0.8x
Sun, 30 Jul 2023UK£86.7bUK£96.4bUK£13.7b19.3x6.3x0.9x
Tue, 27 Jun 2023UK£82.8bUK£96.0bUK£13.9b20.9x6x0.9x
Thu, 25 May 2023UK£90.2bUK£96.7bUK£14.1b21.1x6.4x0.9x
Sat, 22 Apr 2023UK£95.0bUK£97.5bUK£5.3b22.6x17.8x1x
Mon, 20 Mar 2023UK£91.2bUK£96.8bUK£5.4b17.7x16.8x0.9x
Wed, 15 Feb 2023UK£96.9bUK£96.5bUK£5.6b16.4x17.4x1x
Fri, 13 Jan 2023UK£91.3bUK£96.9bUK£5.5b18.4x16.5x0.9x
Sun, 11 Dec 2022UK£94.0bUK£99.1bUK£5.7b18.1x16.6x0.9x
Tue, 08 Nov 2022UK£97.5bUK£99.7bUK£5.2b18.7x18.7x1x
Price to Earnings Ratio

18.7x


Total Market Cap: UK£97.5bTotal Earnings: UK£5.2bTotal Revenue: UK£99.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Telecom Sector Price to Earnings3Y Average -2.5x202320242025
Current Industry PE
  • Investors are optimistic on the British Communication Services industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • Total earnings for the Communication Services industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.K. Telecom sector?

GB Market0.62%
Telecom1.38%
Wireless Telecom8.72%
Telecom Services and Carriers0.053%
Entertainment-0.61%
Media-2.58%
Interactive Media and Services-3.50%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 28.6x.
    • Analysts are expecting annual earnings growth of 35.2%, which is higher than its past year's earnings decline of 6.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 49% over the next 5 years.
  • In contrast, the Entertainment industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AAF Airtel AfricaUK£2.7721.3%
+UK£1.8b		169.6%PE26.9x
VOD Vodafone GroupUK£0.923.8%
+UK£803.9m		27.4%PS0.7x
INF InformaUK£9.681.7%
+UK£210.5m		18.8%PE170.6x
ZEG Zegona CommunicationsUK£12.301.7%
+UK£151.8m		275.0%PS4.4x
HTWS Helios TowersUK£1.502.2%
+UK£33.7m		35.5%PE24.4x

Latest News

AUTO
UK£7.80
Auto Trader Group
7D
-4.2%
1Y
-7.6%

Estimating The Intrinsic Value Of Auto Trader Group plc (LON:AUTO)

Nov 01
Estimating The Intrinsic Value Of Auto Trader Group plc (LON:AUTO)
WPP
UK£2.88
WPP
7D
-20.4%
1Y
-65.3%
AAF
UK£2.77
Airtel Africa
7D
21.3%
1Y
169.6%
VOD
UK£0.92
Vodafone Group
7D
3.8%
1Y
27.4%
ITV
UK£0.70
ITV
7D
-1.6%
1Y
-6.1%

ITV (LON:ITV) Seems To Use Debt Quite Sensibly

Oct 27
ITV (LON:ITV) Seems To Use Debt Quite Sensibly
FDEV
UK£5.21
Frontier Developments
7D
5.7%
1Y
93.0%
INF
UK£9.68
Informa
7D
1.7%
1Y
18.8%

Analysts Lift Informa Fair Value Estimate Following Revenue Growth and Discount Rate Adjustments

Analysts have raised their fair value estimate for Informa from $10.44 to $10.55, citing modest improvements in revenue growth assumptions and a slightly lower discount rate. What's in the News Informa will take part in a visit to the Dubai Air Show (Key Developments) Informa plc has scheduled an Analyst/Investor Day event (Key Developments) Valuation Changes The fair value estimate has risen slightly from $10.44 to $10.55 per share.
RMV
UK£6.68
Rightmove
7D
-2.9%
1Y
11.1%
BT.A
UK£1.86
BT Group
7D
-0.6%
1Y
32.4%

UK Fiber And 5G Expansion Will Drive Future Customer Acquisition

BT Group’s updated analyst price targets reflect a modest range of downward and upward revisions, now spanning from £1.40 to £2.25 per share. Analysts cite imminent telecom sector mergers and declining Openreach performance among the key factors behind these changed outlooks.
BCG
UK£2.95
Baltic Classifieds Group
7D
-4.5%
1Y
-6.9%

Digital Adoption And European Expansion Will Create Future Value

Baltic Classifieds Group's analyst price target has slightly decreased from €3.69 to €3.66. Analysts cite modest downward revisions to revenue growth and profit margin expectations as key factors behind the adjustment.
HTWS
UK£1.50
Helios Towers
7D
2.2%
1Y
35.5%

Urbanization And Mobile Demand Will Transform Telecom Infrastructure

Analysts have slightly reduced their price target for Helios Towers from £2.55 to £2.45 per share. They cite updated discount rate assumptions and current market conditions as the reasons for this adjustment.
SAA
UK£1.36
M&C Saatchi
7D
5.4%
1Y
-33.0%
NFG
UK£4.14
Next 15 Group
7D
4.8%
1Y
5.1%
ZEG
UK£12.30
Zegona Communications
7D
1.7%
1Y
275.0%

An Intrinsic Calculation For Zegona Communications plc (LON:ZEG) Suggests It's 29% Undervalued

Oct 07
An Intrinsic Calculation For Zegona Communications plc (LON:ZEG) Suggests It's 29% Undervalued
FUTR
UK£6.14
Future
7D
-5.5%
1Y
-30.4%

Does Future (LON:FUTR) Have A Healthy Balance Sheet?

Sep 25
Does Future (LON:FUTR) Have A Healthy Balance Sheet?
TRST
UK£2.05
Trustpilot Group
7D
-3.9%
1Y
-18.5%