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

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies4
  • 7D2.9%
  • 3M13.5%
  • 1Y67.9%
  • YTD9.8%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.9%, driven by gains from BT Group of 5.4%. This takes the industry's 12 month performance to a gain of 68%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026UK£31.9bUK£23.3bUK£953.7m16.3x33.4x1.4x
Thu, 01 Jan 2026UK£29.5bUK£23.3bUK£953.1m15.9x30.9x1.3x
Sat, 29 Nov 2025UK£29.6bUK£23.3bUK£950.2m15.9x31.2x1.3x
Mon, 27 Oct 2025UK£28.4bUK£23.1bUK£810.7m15.7x35.1x1.2x
Wed, 24 Sep 2025UK£29.2bUK£23.1bUK£810.7m16x36x1.3x
Fri, 22 Aug 2025UK£30.3bUK£23.0bUK£816.7m17.1x37.1x1.3x
Sun, 20 Jul 2025UK£26.0bUK£23.0bUK£816.5m16.5x31.8x1.1x
Tue, 17 Jun 2025UK£24.9bUK£21.2bUK£1.1b16.3x23.3x1.2x
Thu, 15 May 2025UK£21.8bUK£21.4bUK£783.9m18.2x27.9x1x
Sat, 12 Apr 2025UK£21.5bUK£21.4bUK£782.4m18.4x27.5x1x
Mon, 10 Mar 2025UK£21.5bUK£21.3bUK£770.7m21.5x27.9x1x
Wed, 05 Feb 2025UK£19.1bUK£21.3bUK£771.1m20.6x24.7x0.9x
Fri, 03 Jan 2025UK£19.1bUK£21.3bUK£771.3m22.4x24.8x0.9x
Sun, 01 Dec 2024UK£19.8bUK£21.3bUK£771.3m26.8x25.7x0.9x
Tue, 29 Oct 2024UK£18.0bUK£21.4bUK£897.0m26.9x20.1x0.8x
Thu, 26 Sep 2024UK£18.9bUK£21.4bUK£896.9m29.2x21.1x0.9x
Sat, 24 Aug 2024UK£17.2bUK£21.3bUK£894.0m27.1x19.2x0.8x
Mon, 22 Jul 2024UK£17.2bUK£21.3bUK£894.1m16.3x19.2x0.8x
Wed, 19 Jun 2024UK£17.1bUK£21.3bUK£894.1m16.2x19.2x0.8x
Fri, 17 May 2024UK£16.0bUK£21.3bUK£1.9b11.6x8.5x0.8x
Sun, 14 Apr 2024UK£13.5bUK£21.3bUK£1.9b11.6x7.1x0.6x
Tue, 12 Mar 2024UK£13.3bUK£21.3bUK£1.9b11.6x7x0.6x
Thu, 08 Feb 2024UK£13.0bUK£21.3bUK£1.9b11.6x6.8x0.6x
Sat, 06 Jan 2024UK£14.3bUK£21.3bUK£1.9b11.6x7.5x0.7x
Mon, 04 Dec 2023UK£14.3bUK£21.3bUK£1.9b11.6x7.6x0.7x
Wed, 01 Nov 2023UK£12.1bUK£21.3bUK£1.9b19.8x6.2x0.6x
Fri, 29 Sep 2023UK£12.4bUK£21.3bUK£1.9b20.5x6.4x0.6x
Sun, 27 Aug 2023UK£12.1bUK£21.3bUK£1.9b21.1x6.2x0.6x
Tue, 25 Jul 2023UK£13.7bUK£21.3bUK£1.9b14.3x7x0.6x
Thu, 22 Jun 2023UK£14.0bUK£21.3bUK£1.9b14.9x7.2x0.7x
Sat, 20 May 2023UK£15.5bUK£21.3bUK£1.9b15.1x8x0.7x
Mon, 17 Apr 2023UK£16.6bUK£21.4bUK£1.7b15.4x9.5x0.8x
Wed, 15 Mar 2023UK£15.3bUK£21.3bUK£1.7b13.7x8.8x0.7x
Fri, 10 Feb 2023UK£14.4bUK£21.3bUK£1.7b13.6x8.2x0.7x
Price to Earnings Ratio

8.2x


Total Market Cap: UK£14.4bTotal Earnings: UK£1.7bTotal Revenue: UK£21.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Telecom Services and Carriers Industry Price to Earnings3Y Average 18.4x202420252026
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 33.4x which is higher than its 3-year average PE of 18.4x.
  • The 3-year average PS ratio of 0.87x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 18% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Market1.41%
Telecom0.44%
Telecom Services and Carriers2.86%
Integrated Telecom Services2.93%
Alternative Carriers0.11%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.6x.
    • Analysts expect its future annual earnings growth (26.3%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Alternative Carriers industry, which is trading below its 3-year average of 22.3x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 26% 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 7.0% 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
BT.A BT GroupUK£1.943.7%
+UK£675.6m		36.8%PE20x
ZEG Zegona CommunicationsUK£16.150.9%
+UK£112.2m		224.3%PS4.7x
HTWS Helios TowersUK£1.773.8%
+UK£66.2m		83.4%PE29.6x
GAMA Gamma CommunicationsUK£9.181.2%
+UK£9.7m		-32.6%PE12.7x

Latest News

BT.A
UK£1.94
BT Group
7D
3.7%
1Y
36.8%
GAMA
UK£9.18
Gamma Communications
7D
1.2%
1Y
-32.6%

Cloud Migration Risks And Margin Pressure Will Eventually Reward Patient Confidence

Catalysts About Gamma Communications Gamma Communications provides cloud-based communications, calling and connectivity services to businesses across the U.K. and Europe. What are the underlying business or industry changes driving this perspective?
ZEG
UK£16.15
Zegona Communications
7D
0.9%
1Y
224.3%
HTWS
UK£1.77
Helios Towers
7D
3.8%
1Y
83.4%