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

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies4
  • 7D0.4%
  • 3M-1.3%
  • 1Y55.6%
  • YTD52.2%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.0%, driven by a pullback from BT Group of 0.5%. Over the past 12 months, the industry was up 56%. 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
Sat, 27 Dec 2025UK£29.0bUK£23.3bUK£953.2m15.8x30.4x1.2x
Mon, 24 Nov 2025UK£27.8bUK£22.8bUK£705.0m15.4x39.5x1.2x
Wed, 22 Oct 2025UK£28.8bUK£23.1bUK£812.9m15.6x35.4x1.2x
Fri, 19 Sep 2025UK£29.8bUK£23.1bUK£812.1m16.2x36.8x1.3x
Sun, 17 Aug 2025UK£30.1bUK£23.0bUK£817.6m16.9x36.8x1.3x
Tue, 15 Jul 2025UK£25.9bUK£21.2bUK£1.1b16.4x24.2x1.2x
Thu, 12 Jun 2025UK£24.8bUK£21.2bUK£1.1b16.5x23.2x1.2x
Sat, 10 May 2025UK£22.5bUK£21.4bUK£783.7m19.5x28.8x1.1x
Mon, 07 Apr 2025UK£22.1bUK£21.4bUK£783.3m18.8x28.2x1x
Wed, 05 Mar 2025UK£20.7bUK£21.3bUK£771.4m21.2x26.8x1x
Fri, 31 Jan 2025UK£18.7bUK£21.3bUK£770.8m20.5x24.3x0.9x
Sun, 29 Dec 2024UK£18.7bUK£21.3bUK£771.3m22.3x24.3x0.9x
Tue, 26 Nov 2024UK£19.2bUK£21.3bUK£771.0m26.9x24.9x0.9x
Thu, 24 Oct 2024UK£18.1bUK£21.4bUK£897.0m27.1x20.1x0.8x
Sat, 21 Sep 2024UK£18.5bUK£21.4bUK£896.9m28.7x20.6x0.9x
Mon, 19 Aug 2024UK£18.2bUK£21.3bUK£893.9m26.7x20.4x0.9x
Wed, 17 Jul 2024UK£16.8bUK£21.3bUK£894.2m15.8x18.8x0.8x
Fri, 14 Jun 2024UK£16.0bUK£21.3bUK£894.2m15.5x17.9x0.7x
Sun, 12 May 2024UK£13.2bUK£21.3bUK£1.9b11.6x7x0.6x
Tue, 09 Apr 2024UK£13.3bUK£21.3bUK£1.9b11.6x7x0.6x
Thu, 07 Mar 2024UK£13.1bUK£21.3bUK£1.9b11.6x6.9x0.6x
Sat, 03 Feb 2024UK£13.6bUK£21.3bUK£1.9b11.6x7.2x0.6x
Mon, 01 Jan 2024UK£14.5bUK£21.3bUK£1.9b11.6x7.7x0.7x
Wed, 29 Nov 2023UK£13.1bUK£21.3bUK£1.9b11.6x6.9x0.6x
Fri, 27 Oct 2023UK£11.9bUK£21.3bUK£1.9b18.9x6.1x0.6x
Sun, 24 Sep 2023UK£12.8bUK£21.3bUK£1.9b21.2x6.6x0.6x
Tue, 22 Aug 2023UK£12.0bUK£21.3bUK£1.9b20.1x6.2x0.6x
Thu, 20 Jul 2023UK£13.6bUK£21.3bUK£1.9b14.2x7x0.6x
Sat, 17 Jun 2023UK£14.5bUK£21.3bUK£1.9b15.1x7.5x0.7x
Mon, 15 May 2023UK£16.2bUK£21.4bUK£1.7b15.8x9.3x0.8x
Wed, 12 Apr 2023UK£16.2bUK£21.4bUK£1.7b14.8x9.3x0.8x
Fri, 10 Mar 2023UK£15.7bUK£21.3bUK£1.7b14x9x0.7x
Sun, 05 Feb 2023UK£14.5bUK£21.5bUK£1.8b13.6x8.1x0.7x
Tue, 03 Jan 2023UK£12.2bUK£21.5bUK£1.8b12.2x6.9x0.6x
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 17.6x20242025
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 30.4x which is higher than its 3-year average PE of 17.6x.
  • The 3-year average PS ratio of 0.85x 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-0.14%
Telecom0.45%
Telecom Services and Carriers0.39%
Alternative Carriers1.00%
Integrated Telecom Services0.37%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 17.6x.
    • 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 22.6x.
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 8.5% 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
BT.A BT GroupUK£1.850.8%
+UK£142.0m		28.1%PE19x
HTWS Helios TowersUK£1.642.8%
+UK£45.9m		79.4%PE27.2x
GAMA Gamma CommunicationsUK£9.091.0%
+UK£8.3m		-40.8%PE12.6x

Latest News

HTWS
UK£1.64
Helios Towers
7D
2.8%
1Y
79.4%

The Price Is Right For Helios Towers plc (LON:HTWS)

Dec 25
The Price Is Right For Helios Towers plc (LON:HTWS)
BT.A
UK£1.85
BT Group
7D
0.8%
1Y
28.1%
ZEG
UK£13.25
Zegona Communications
7D
-0.4%
1Y
226.4%
GAMA
UK£9.09
Gamma Communications
7D
1.0%
1Y
-40.8%