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U.K. (FTSE) Telecom Services and Carriers Industry Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies3
  • 7D-2.4%
  • 3M-10.9%
  • 1Y-13.4%
  • YTD5.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.4%, driven by a pullback from BT Group of 2.5%. The industry has fallen 13% in the last year. Looking forward, earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

Has the U.K. Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026UK£19.9bUK£20.3bUK£1.1b15.3x17.4x1x
Tue, 23 Jun 2026UK£19.8bUK£20.3bUK£1.1b15.1x17.3x1x
Thu, 21 May 2026UK£27.5bUK£23.3bUK£952.2m18.7x28.9x1.2x
Sat, 18 Apr 2026UK£26.6bUK£23.3bUK£951.8m17.8x27.9x1.1x
Mon, 16 Mar 2026UK£25.8bUK£23.3bUK£953.8m17.2x27x1.1x
Wed, 11 Feb 2026UK£33.0bUK£23.3bUK£953.3m16.5x34.6x1.4x
Fri, 09 Jan 2026UK£28.8bUK£23.3bUK£953.5m15.6x30.2x1.2x
Sun, 07 Dec 2025UK£29.1bUK£23.3bUK£950.4m15.7x30.6x1.3x
Tue, 04 Nov 2025UK£28.3bUK£23.1bUK£809.6m15.3x34.9x1.2x
Thu, 02 Oct 2025UK£29.5bUK£23.1bUK£811.9m15.8x36.4x1.3x
Sat, 30 Aug 2025UK£31.1bUK£23.0bUK£816.6m17x38x1.3x
Mon, 28 Jul 2025UK£29.0bUK£23.0bUK£813.8m17.6x35.7x1.3x
Wed, 25 Jun 2025UK£25.4bUK£21.2bUK£1.1b16.5x23.7x1.2x
Fri, 23 May 2025UK£23.8bUK£21.4bUK£784.0m19.2x30.4x1.1x
Sun, 20 Apr 2025UK£22.0bUK£21.4bUK£783.0m18.9x28.1x1x
Tue, 18 Mar 2025UK£21.3bUK£21.3bUK£770.6m20.8x27.7x1x
Thu, 13 Feb 2025UK£20.5bUK£21.3bUK£771.0m21.4x26.6x1x
Sat, 11 Jan 2025UK£17.9bUK£21.3bUK£770.7m21x23.3x0.8x
Mon, 09 Dec 2024UK£19.6bUK£21.3bUK£771.4m27.9x25.4x0.9x
Wed, 06 Nov 2024UK£18.4bUK£21.4bUK£896.9m26.9x20.5x0.9x
Fri, 04 Oct 2024UK£18.1bUK£21.4bUK£896.9m28.2x20.2x0.8x
Sun, 01 Sep 2024UK£17.6bUK£21.3bUK£894.1m27.4x19.7x0.8x
Tue, 30 Jul 2024UK£17.6bUK£21.3bUK£894.2m16.3x19.7x0.8x
Thu, 27 Jun 2024UK£16.9bUK£21.3bUK£894.1m15.9x18.9x0.8x
Sat, 25 May 2024UK£15.8bUK£21.3bUK£894.0m14.5x17.6x0.7x
Mon, 22 Apr 2024UK£13.3bUK£21.3bUK£1.9b11.6x7x0.6x
Wed, 20 Mar 2024UK£13.1bUK£21.3bUK£1.9b11.6x6.9x0.6x
Fri, 16 Feb 2024UK£13.2bUK£21.3bUK£1.9b11.6x6.9x0.6x
Sun, 14 Jan 2024UK£13.8bUK£21.3bUK£1.9b11.6x7.3x0.6x
Tue, 12 Dec 2023UK£15.1bUK£21.3bUK£1.9b11.6x8x0.7x
Thu, 09 Nov 2023UK£13.0bUK£21.3bUK£1.9b20.2x6.8x0.6x
Sat, 07 Oct 2023UK£12.2bUK£21.3bUK£1.9b20.5x6.3x0.6x
Mon, 04 Sep 2023UK£12.4bUK£21.3bUK£1.9b21.1x6.4x0.6x
Wed, 02 Aug 2023UK£13.1bUK£21.3bUK£1.9b21.9x6.7x0.6x
Price to Earnings Ratio

6.7x


Total Market Cap: UK£13.1bTotal Earnings: UK£1.9bTotal Revenue: UK£21.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Telecom Services and Carriers Industry Price to Earnings3Y Average 21.1x202420252026
Current Industry PE
    There are only 3 companies in the British Telecom industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 16% per year over the last three years.
  • 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 industry?

GB Market1.20%
Telecom-2.08%
Telecom Services and Carriers-2.40%
Alternative Carriers-0.11%
Integrated Telecom Services-2.50%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 21.4x.
    • Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 2.2% per year.
  • Investors are most pessimistic about the Alternative Carriers industry, which is trading below its 3-year average of 20.6x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 9.9% over the next 5 years.
  • This is better than its past earnings growth rate of 2.2% per year.
  • In contrast, the Alternative Carriers industry is expected to see its earnings grow by 3.5% 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
HTWS Helios TowersUK£2.034.3%
+UK£83.4m		70.6%PE70.3x

Latest News

BT.A
UK£1.93
BT Group
7D
-2.5%
1Y
-13.3%
HTWS
UK£2.03
Helios Towers
7D
4.3%
1Y
70.6%
GAMA
UK£9.40
Gamma Communications
7D
-0.1%
1Y
-14.7%
Narrative Update • Jul 01

GAMA: Potential Sale Talks Will Drive Future Repricing Opportunity

Analysts have reduced their fair value estimate for Gamma Communications from £18.20 to £15.70, citing updated assumptions regarding revenue growth, profit margins and the appropriate P/E multiple for the stock. What's in the News for Gamma Communications Gamma Communications confirmed on April 7, 2026 that it is in preliminary discussions with multiple interested counterparties regarding a potential sale, and that an offer period has commenced.
ZEG
UK£15.00
Zegona Communications
7D
-1.1%
1Y
83.4%