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

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies5
  • 7D-3.2%
  • 3M-6.4%
  • 1Y50.3%
  • YTD48.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.2%, driven by a pullback from Zegona Communications of 7.8%. This takes the industry's 12 month performance to a gain of 50%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Dec 2025UK£28.4bUK£23.3bUK£950.4m15.4x29.9x1.2x
Sat, 08 Nov 2025UK£27.4bUK£22.8bUK£704.6m16x38.9x1.2x
Mon, 06 Oct 2025UK£29.1bUK£23.1bUK£811.8m15.5x35.8x1.3x
Wed, 03 Sep 2025UK£30.3bUK£23.0bUK£815.7m16.5x37.2x1.3x
Fri, 01 Aug 2025UK£28.0bUK£23.0bUK£817.1m16.8x34.3x1.2x
Sun, 29 Jun 2025UK£25.3bUK£21.2bUK£1.1b16.6x23.6x1.2x
Tue, 27 May 2025UK£23.7bUK£21.2bUK£1.1b15.9x22.1x1.1x
Thu, 24 Apr 2025UK£22.4bUK£21.4bUK£783.2m19.3x28.6x1x
Sat, 22 Mar 2025UK£22.7bUK£21.3bUK£770.8m21x29.4x1.1x
Mon, 17 Feb 2025UK£20.5bUK£21.3bUK£771.0m21.2x26.6x1x
Wed, 15 Jan 2025UK£17.9bUK£21.3bUK£770.3m20.5x23.3x0.8x
Fri, 13 Dec 2024UK£18.8bUK£21.3bUK£771.5m27.5x24.4x0.9x
Sun, 10 Nov 2024UK£17.7bUK£21.3bUK£771.3m27.3x22.9x0.8x
Tue, 08 Oct 2024UK£18.5bUK£21.4bUK£896.9m28.4x20.6x0.9x
Thu, 05 Sep 2024UK£17.7bUK£21.3bUK£894.0m26.8x19.8x0.8x
Sat, 03 Aug 2024UK£17.6bUK£21.3bUK£893.9m26.7x19.6x0.8x
Mon, 01 Jul 2024UK£17.0bUK£21.3bUK£894.1m16.1x19x0.8x
Wed, 29 May 2024UK£15.9bUK£21.3bUK£894.0m14.7x17.7x0.7x
Fri, 26 Apr 2024UK£13.2bUK£21.3bUK£1.9b11.6x6.9x0.6x
Sun, 24 Mar 2024UK£13.4bUK£21.3bUK£1.9b11.6x7.1x0.6x
Tue, 20 Feb 2024UK£13.4bUK£21.3bUK£1.9b11.6x7x0.6x
Thu, 18 Jan 2024UK£13.5bUK£21.3bUK£1.9b11.6x7.1x0.6x
Sat, 16 Dec 2023UK£14.5bUK£21.3bUK£1.9b11.6x7.6x0.7x
Mon, 13 Nov 2023UK£13.0bUK£21.3bUK£1.9b21.1x6.9x0.6x
Wed, 11 Oct 2023UK£12.7bUK£21.3bUK£1.9b20.7x6.5x0.6x
Fri, 08 Sep 2023UK£12.3bUK£21.3bUK£1.9b20.9x6.3x0.6x
Sun, 06 Aug 2023UK£12.3bUK£21.3bUK£1.9b21.6x6.3x0.6x
Tue, 04 Jul 2023UK£13.3bUK£21.3bUK£1.9b14.2x6.8x0.6x
Thu, 01 Jun 2023UK£15.6bUK£21.3bUK£1.9b15.1x8x0.7x
Sat, 29 Apr 2023UK£16.8bUK£21.4bUK£1.7b16x9.6x0.8x
Mon, 27 Mar 2023UK£14.9bUK£21.4bUK£1.7b14.8x8.6x0.7x
Wed, 22 Feb 2023UK£14.9bUK£21.3bUK£1.7b13.7x8.5x0.7x
Fri, 20 Jan 2023UK£13.7bUK£21.5bUK£1.8b13.2x7.7x0.6x
Sun, 18 Dec 2022UK£12.2bUK£21.5bUK£1.8b12x6.9x0.6x
Price to Earnings Ratio

6.9x


Total Market Cap: UK£12.2bTotal Earnings: UK£1.8bTotal Revenue: UK£21.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Telecom Services and Carriers Industry Price to Earnings3Y Average 17.3x202320242025
Current Industry PE
  • Investors are optimistic on the British Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.9x which is higher than its 3-year average PE of 17.3x.
  • The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.7% 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, which has decreased profits.

Industry Trends

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

GB Market-0.58%
Telecom-1.84%
Telecom Services and Carriers-3.22%
Alternative Carriers-0.43%
Integrated Telecom Services-3.31%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 24.0% per year.
  • Investors are most pessimistic about the Alternative Carriers industry, which is trading below its 3-year average of 22.6x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Alternative Carriers industry is expected to see its earnings grow by 8.4% 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£1.621.4%
+UK£22.5m		72.6%PE26.7x

Latest News

HTWS
UK£1.62
Helios Towers
7D
1.4%
1Y
72.6%

Should You Investigate Helios Towers plc (LON:HTWS) At UK£1.65?

Dec 10
Should You Investigate Helios Towers plc (LON:HTWS) At UK£1.65?
ZEG
UK£13.55
Zegona Communications
7D
-7.8%
1Y
318.2%
BT.A
UK£1.76
BT Group
7D
-0.4%
1Y
15.8%

BT.A: Sector Mergers Will Drive Future Upside Despite Recent Rating Downgrades

Analysts have trimmed their average price target on BT Group from 225 GBp to 150 GBp, citing a less favorable relative outlook as sector merger dynamics and modestly softer growth expectations temper the company’s risk reward profile. Analyst Commentary Recent rating changes reflect a more balanced, wait and see stance on BT Group, with analysts reassessing the companys relative positioning as sector consolidation and shifting capital allocation priorities reshape the competitive landscape.
GAMA
UK£9.18
Gamma Communications
7D
-0.4%
1Y
-44.2%