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U.K. (FTSE) Integrated Telecom Services Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies3
  • 7D4.3%
  • 3M19.1%
  • 1Y48.2%
  • YTDn/a

Over the last 7 days, the Integrated Telecom Services industry has risen 1.5%, driven by gains from BT Group of 6.7%. During this same period, the Zegona Communications underperformed, falling 7.2%. This takes the industry's 12 month performance to a gain of 46%. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026UK£25.1bUK£22.7bUK£886.4m22.3x28.3x1.1x
Tue, 27 Jan 2026UK£30.2bUK£22.7bUK£887.1m18.8x34x1.3x
Thu, 25 Dec 2025UK£28.2bUK£22.7bUK£886.7m19x31.7x1.2x
Sat, 22 Nov 2025UK£27.0bUK£22.2bUK£641.5m18.2x42.1x1.2x
Mon, 20 Oct 2025UK£27.7bUK£22.5bUK£748.9m17.1x37x1.2x
Wed, 17 Sep 2025UK£28.4bUK£22.5bUK£748.8m18.4x37.9x1.3x
Fri, 15 Aug 2025UK£29.3bUK£22.4bUK£751.9m19.9x39x1.3x
Sun, 13 Jul 2025UK£24.9bUK£20.6bUK£1.0b18.1x24.9x1.2x
Tue, 10 Jun 2025UK£22.9bUK£20.6bUK£1.0b16.6x22.8x1.1x
Thu, 08 May 2025UK£21.6bUK£20.8bUK£715.1m21.3x30.2x1x
Sat, 05 Apr 2025UK£20.9bUK£20.8bUK£715.0m21x29.2x1x
Mon, 03 Mar 2025UK£19.9bUK£20.8bUK£716.6m20.4x27.8x1x
Wed, 29 Jan 2025UK£16.8bUK£20.8bUK£715.8m18.4x23.5x0.8x
Fri, 27 Dec 2024UK£17.2bUK£20.8bUK£716.2m18.4x24x0.8x
Sun, 24 Nov 2024UK£17.3bUK£20.8bUK£716.3m24.8x24.2x0.8x
Tue, 22 Oct 2024UK£16.8bUK£20.8bUK£842.1m23.5x20x0.8x
Thu, 19 Sep 2024UK£17.0bUK£20.8bUK£841.9m23.6x20.2x0.8x
Sat, 17 Aug 2024UK£16.8bUK£20.8bUK£841.8m23.5x19.9x0.8x
Mon, 15 Jul 2024UK£15.7bUK£20.8bUK£842.0m13.9x18.6x0.8x
Wed, 12 Jun 2024UK£14.4bUK£20.8bUK£842.0m13.2x17.1x0.7x
Fri, 10 May 2024UK£11.9bUK£20.7bUK£1.8b8.6x6.4x0.6x
Sun, 07 Apr 2024UK£11.8bUK£20.7bUK£1.9b8.6x6.4x0.6x
Tue, 05 Mar 2024UK£11.8bUK£20.7bUK£1.9b8.6x6.3x0.6x
Thu, 01 Feb 2024UK£12.3bUK£20.8bUK£1.8b8.8x6.6x0.6x
Sat, 30 Dec 2023UK£13.4bUK£20.8bUK£1.8b9.1x7.3x0.6x
Mon, 27 Nov 2023UK£12.0bUK£20.8bUK£1.8b9x6.5x0.6x
Wed, 25 Oct 2023UK£10.8bUK£20.7bUK£1.9b15.9x5.7x0.5x
Fri, 22 Sep 2023UK£11.8bUK£20.7bUK£1.9b16.1x6.2x0.6x
Sun, 20 Aug 2023UK£11.0bUK£20.7bUK£1.9b15.9x5.8x0.5x
Tue, 18 Jul 2023UK£12.3bUK£20.7bUK£1.9b6.4x6.5x0.6x
Thu, 15 Jun 2023UK£13.4bUK£20.7bUK£1.9b7x7x0.6x
Sat, 13 May 2023UK£15.0bUK£20.8bUK£1.7b8.8x8.8x0.7x
Mon, 10 Apr 2023UK£14.8bUK£20.8bUK£1.7b8.6x8.7x0.7x
Wed, 08 Mar 2023UK£14.4bUK£20.8bUK£1.7b8.4x8.5x0.7x
Price to Earnings Ratio

8.5x


Total Market Cap: UK£14.4bTotal Earnings: UK£1.7bTotal Revenue: UK£20.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Integrated Telecom Services Industry Price to Earnings3Y Average 19.1x202420252026
Current Industry PE
    There are only 3 companies in the British Integrated Telecommunication Services 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 Integrated Telecommunication Services industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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 Comparison

How does U.K. Integrated Telecom Services compare with similar industries?

GB Market1.91%
Telecom1.01%
Telecom Services and Carriers4.25%
Integrated Telecom Services4.32%
Alternative Carriers2.16%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BT.A BT GroupUK£2.176.7%
+UK£1.3b		35.7%PE22.3x
HTWS Helios TowersUK£2.011.1%
+UK£21.0m		105.2%PE33.1x

Latest News

BT.A
UK£2.17
BT Group
7D
6.7%
1Y
35.7%

BT.A: Execution Risks Around Margin Assumptions Will Limit Future Upside

Analysts have lifted their fair value estimate for BT Group from £1.35 to £1.40, reflecting updated assumptions around the discount rate, margins, future P/E and a recent move in Street price targets, including an increase from £2.40 to £2.50 by one firm. Analyst Commentary While the latest fair value adjustment and some Street targets support a modestly higher valuation for BT Group, not every analyst is leaning positive.
HTWS
UK£2.01
Helios Towers
7D
1.1%
1Y
105.2%

HTWS: Lower Discount Rate And Higher P/E Assumptions Will Shape Future Returns

Analysts have lifted their price target for Helios Towers by £0.40, citing updated fair value work, a slightly lower discount rate and revised future P/E assumptions as the key drivers of the change. Analyst Commentary Recent research points to a higher assessed fair value for Helios Towers, with the new target price lifted by £0.40 after updated modelling work, a slightly lower discount rate and revised future P/E assumptions.
ZEG
UK£16.85
Zegona Communications
7D
-7.2%
1Y
198.2%

Estimating The Fair Value Of Zegona Communications plc (LON:ZEG)

Feb 12
Estimating The Fair Value Of Zegona Communications plc (LON:ZEG)