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U.K. (FTSE) Telecom Sector Analysis

UpdatedSep 12, 2025
DataAggregated Company Financials
Companies62
  • 7D0.6%
  • 3M10.6%
  • 1Y15.9%
  • YTD18.2%

Over the last 7 days, the Telecom industry has remained flat, although notably Zegona Communications gained 7.4%. The past year has been better, since the industry has gained 16% in that time. Earnings are forecast to grow by 31% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Sep 2025UK£102.1bUK£95.1b-UK£1,393,330,657.5916.2x-73.3x1.1x
Sun, 10 Aug 2025UK£99.9bUK£95.3b-UK£1,376,235,779.0216.5x-72.6x1x
Tue, 08 Jul 2025UK£96.3bUK£93.4b-UK£641,922,011.0916.7x-150.1x1x
Thu, 05 Jun 2025UK£93.4bUK£92.5b-UK£583,036,318.7315.9x-160.3x1x
Sat, 03 May 2025UK£91.3bUK£92.8bUK£4.6b15.2x20x1x
Mon, 31 Mar 2025UK£90.0bUK£92.3bUK£4.5b14.9x20x1x
Wed, 26 Feb 2025UK£90.3bUK£87.0bUK£4.6b18.3x19.7x1x
Fri, 24 Jan 2025UK£87.0bUK£87.9bUK£4.5b17.8x19.3x1x
Sun, 22 Dec 2024UK£86.7bUK£87.2bUK£4.4b19.6x19.6x1x
Tue, 19 Nov 2024UK£85.3bUK£87.4bUK£4.4b18x19.2x1x
Thu, 17 Oct 2024UK£88.7bUK£87.0bUK£3.7b20.4x24.3x1x
Sat, 14 Sep 2024UK£91.1bUK£87.5bUK£3.6b20x25x1x
Mon, 12 Aug 2024UK£85.9bUK£88.0bUK£3.6b21.3x23.8x1x
Wed, 10 Jul 2024UK£87.3bUK£87.6bUK£3.2b18.6x27.6x1x
Fri, 07 Jun 2024UK£88.6bUK£87.8bUK£3.2b19.5x27.9x1x
Sun, 05 May 2024UK£82.4bUK£95.0bUK£12.4b18x6.6x0.9x
Tue, 02 Apr 2024UK£82.5bUK£94.9bUK£12.4b21.2x6.7x0.9x
Thu, 29 Feb 2024UK£79.7bUK£95.0bUK£12.2b21.4x6.5x0.8x
Sat, 27 Jan 2024UK£86.7bUK£97.1bUK£12.8b18.2x6.8x0.9x
Mon, 25 Dec 2023UK£86.8bUK£97.6bUK£13.0b17.4x6.7x0.9x
Wed, 22 Nov 2023UK£83.1bUK£97.3bUK£13.0b16.6x6.4x0.9x
Fri, 20 Oct 2023UK£81.3bUK£98.3bUK£14.2b16.8x5.7x0.8x
Sun, 17 Sep 2023UK£85.9bUK£97.5bUK£14.0b19.4x6.1x0.9x
Tue, 15 Aug 2023UK£83.3bUK£97.3bUK£14.0b18.3x5.9x0.9x
Thu, 13 Jul 2023UK£84.2bUK£95.8bUK£13.9b20.4x6.1x0.9x
Sat, 10 Jun 2023UK£88.3bUK£95.9bUK£13.9b21.2x6.4x0.9x
Mon, 08 May 2023UK£95.5bUK£97.0bUK£5.3b21.7x17.9x1x
Wed, 05 Apr 2023UK£91.5bUK£97.1bUK£5.3b20.4x17.1x0.9x
Fri, 03 Mar 2023UK£97.7bUK£97.8bUK£5.6b16.8x17.3x1x
Sun, 29 Jan 2023UK£94.3bUK£96.2bUK£5.5b16.9x17.1x1x
Tue, 27 Dec 2022UK£91.6bUK£100.2bUK£5.8b17.8x15.8x0.9x
Thu, 24 Nov 2022UK£98.6bUK£99.3bUK£5.6b19x17.6x1x
Sat, 22 Oct 2022UK£93.4bUK£99.8bUK£5.2b17.4x17.9x0.9x
Mon, 19 Sep 2022UK£102.7bUK£99.4bUK£5.3b20.9x19.3x1x
Price to Earnings Ratio

19.3x


Total Market Cap: UK£102.7bTotal Earnings: UK£5.3bTotal Revenue: UK£99.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Telecom Sector Price to Earnings3Y Average 3x202320242025
Current Industry PE
  • Investors are relatively neutral on the British 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 PS ratio of 1.0x.
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 Market0.82%
Telecom0.57%
Telecom Services and Carriers1.97%
Wireless Telecom0.51%
Media0.094%
Interactive Media and Services-0.90%
Entertainment-2.13%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 29.0x.
    • Analysts are expecting annual earnings growth of 32.3%, which is higher than its past year's earnings decline of 0.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 46% over the next 5 years.
  • In contrast, the Entertainment industry is expected to see its earnings grow by 5.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ZEG Zegona CommunicationsUK£12.357.4%
+UK£645.3m		272.0%PS4.5x
AAF Airtel AfricaUK£2.272.9%
+UK£233.5m		96.2%PE33.2x
HTWS Helios TowersUK£1.437.5%
+UK£105.3m		28.9%PE24.1x
CAN Canal+UK£2.432.4%
+UK£55.5m		n/aPS0.4x
INF InformaUK£8.860.5%
+UK£53.4m		4.8%PE156.9x

Latest News

GAMA
UK£9.86
Gamma Communications
7D
-6.1%
1Y
-42.3%

Gamma Communications (LON:GAMA) Is Due To Pay A Dividend Of £0.074

Sep 12
Gamma Communications (LON:GAMA) Is Due To Pay A Dividend Of £0.074
VOD
UK£0.88
Vodafone Group
7D
-0.4%
1Y
14.0%
BOOM
UK£5.30
Audioboom Group
7D
24.0%
1Y
155.4%
ITV
UK£0.81
ITV
7D
-1.8%
1Y
3.1%

What Does ITV plc's (LON:ITV) Share Price Indicate?

Sep 10
What Does ITV plc's (LON:ITV) Share Price Indicate?
EVPL
UK£3.82
everplay group
7D
-7.3%
1Y
81.9%
WPP
UK£3.95
WPP
7D
-0.7%
1Y
-46.7%

AI Adoption And Unified Data Will Transform Digital Advertising

Analysts have reduced WPP's price target, citing persistent weak organic growth, heightened uncertainty from AI-driven industry disruption, and deteriorating market sentiment, with the consensus fair value now standing at £4.54. Analyst Commentary Bearish analysts cite concerns over continued low organic growth rates in the advertising sector, with WPP’s top-line momentum described as lackluster since 2017.
INF
UK£8.86
Informa
7D
0.5%
1Y
4.8%

Digital Transformation And B2B Events Will Unlock Future Value

Informa’s valuation outlook remains stable, with negligible changes in both future P/E and revenue growth forecasts, resulting in an unchanged consensus price target of £10.28. What's in the News Interim dividend increased to 7.0p per share (previously 6.4p); DRIP available.
CAN
UK£2.43
Canal+
7D
2.4%
1Y
n/a
TRST
UK£2.02
Trustpilot Group
7D
1.6%
1Y
-7.4%

At UK£1.96, Is It Time To Put Trustpilot Group plc (LON:TRST) On Your Watch List?

Sep 03
At UK£1.96, Is It Time To Put Trustpilot Group plc (LON:TRST) On Your Watch List?
TIG
UK£0.64
Team Internet Group
7D
8.2%
1Y
-54.0%
FUTR
UK£7.26
Future
7D
-2.7%
1Y
-31.2%

Is Now The Time To Look At Buying Future plc (LON:FUTR)?

Aug 30
Is Now The Time To Look At Buying Future plc (LON:FUTR)?
AAF
UK£2.27
Airtel Africa
7D
2.9%
1Y
96.2%

Rising Smartphone Adoption And Fintech Trends Will Spur Opportunity

Airtel Africa's consensus price target has been raised to £2.22 as analysts cite strong subscriber growth, rising ARPU, operational improvements, and successful deleveraging as key drivers of upgraded sentiment and valuation. Analyst Commentary Bullish analysts cited continued robust subscriber growth and increasing ARPU (average revenue per user) as key drivers for upgrades.
AUTO
UK£7.83
Auto Trader Group
7D
-1.4%
1Y
-9.1%
ZEG
UK£12.35
Zegona Communications
7D
7.4%
1Y
272.0%

Zegona's Future EPS Set to Triple with Vodafone Spain Acquisition

Zegona – Key Notes for Monitoring 1. Main thesis: Zegona acquired Vodafone Spain (EV €5.0 B) with very little cash outlay thanks to debt financing and €900 M in Redeemable Preference Shares (RPS) issued to Vodafone via EJLSHM Funding Ltd.
RMV
UK£7.26
Rightmove
7D
-1.5%
1Y
8.8%
HTWS
UK£1.43
Helios Towers
7D
7.5%
1Y
28.9%
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Urbanization And Mobile Demand Will Transform Telecom Infrastructure

Rapid urbanization, data growth, and wider 4G/5G adoption are fueling demand for new tenancy agreements, boosting revenue and profitability.