Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedDec 20, 2025

DataAggregated Company Financials

Companies8

7D-1.8%
3M-1.9%
1Y15.1%
YTD16.2%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.8%, driven by pullbacks in China Tower and China Telecom of 3.4% and 1.4%, respectively. Over the past 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

Has the Hong Kong Telecom Services and Carriers Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 20 Dec 2025	HK$1.3t	HK$1.2t	HK$80.6b	13.4x	15.9x	1x
Mon, 17 Nov 2025	HK$1.3t	HK$1.2t	HK$79.9b	14x	16.5x	1.1x
Wed, 15 Oct 2025	HK$1.3t	HK$1.2t	HK$78.7b	13.7x	16.3x	1.1x
Fri, 12 Sep 2025	HK$1.4t	HK$1.2t	HK$79.0b	14.3x	17.2x	1.1x
Sun, 10 Aug 2025	HK$1.4t	HK$1.2t	HK$77.5b	15.2x	17.8x	1.1x
Tue, 08 Jul 2025	HK$1.4t	HK$1.2t	HK$77.3b	13.9x	17.6x	1.1x
Thu, 05 Jun 2025	HK$1.4t	HK$1.2t	HK$77.1b	14.4x	17.8x	1.1x
Sat, 03 May 2025	HK$1.3t	HK$1.2t	HK$75.5b	13.8x	17.5x	1.1x
Mon, 31 Mar 2025	HK$1.3t	HK$1.2t	HK$74.8b	15.1x	17.5x	1.1x
Wed, 26 Feb 2025	HK$1.4t	HK$1.2t	HK$74.1b	14.6x	19x	1.2x
Fri, 24 Jan 2025	HK$1.2t	HK$1.2t	HK$73.8b	12.5x	15.9x	1x
Sun, 22 Dec 2024	HK$1.2t	HK$1.2t	HK$73.6b	12.8x	16.1x	1x
Tue, 19 Nov 2024	HK$1.1t	HK$1.2t	HK$74.4b	11.7x	15.2x	1x
Thu, 17 Oct 2024	HK$1.1t	HK$1.2t	HK$72.7b	11x	15.6x	1x
Sat, 14 Sep 2024	HK$1.0t	HK$1.2t	HK$73.1b	9.9x	14.3x	0.9x
Mon, 12 Aug 2024	HK$1.0t	HK$1.2t	HK$70.6b	10.4x	14.5x	0.9x
Wed, 10 Jul 2024	HK$1.1t	HK$1.1t	HK$69.4b	12.1x	16x	1x
Fri, 07 Jun 2024	HK$1.0t	HK$1.2t	HK$69.6b	10.5x	14.7x	0.9x
Sun, 05 May 2024	HK$1.0t	HK$1.2t	HK$69.7b	11.5x	14.6x	0.9x
Tue, 02 Apr 2024	HK$1.0t	HK$1.1t	HK$68.5b	11.6x	14.8x	0.9x
Thu, 29 Feb 2024	HK$1.0t	HK$1.1t	HK$67.6b	11.9x	14.9x	0.9x
Sat, 27 Jan 2024	HK$973.8b	HK$1.2t	HK$68.0b	11.1x	14.3x	0.8x
Mon, 25 Dec 2023	HK$889.1b	HK$1.2t	HK$68.0b	9.5x	13.1x	0.8x
Wed, 22 Nov 2023	HK$883.0b	HK$1.2t	HK$67.8b	9.8x	13x	0.8x
Fri, 20 Oct 2023	HK$949.7b	HK$1.1t	HK$66.8b	10.9x	14.2x	0.8x
Sun, 17 Sep 2023	HK$990.2b	HK$1.1t	HK$67.1b	11.5x	14.7x	0.9x
Tue, 15 Aug 2023	HK$996.5b	HK$1.1t	HK$67.1b	11.4x	14.9x	0.9x
Thu, 13 Jul 2023	HK$943.4b	HK$1.1t	HK$65.5b	11.1x	14.4x	0.8x
Sat, 10 Jun 2023	HK$1.1t	HK$1.1t	HK$66.1b	11.9x	16.3x	0.9x
Mon, 08 May 2023	HK$1.1t	HK$1.2t	HK$68.1b	12.4x	16.8x	1x
Wed, 05 Apr 2023	HK$1.2t	HK$1.1t	HK$66.8b	12.7x	17.4x	1x
Fri, 03 Mar 2023	HK$1.1t	HK$1.1t	HK$66.1b	12.5x	16.5x	1x
Sun, 29 Jan 2023	HK$943.9b	HK$1.1t	HK$68.4b	12.1x	13.8x	0.8x
Tue, 27 Dec 2022	HK$830.9b	HK$1.1t	HK$66.7b	10.8x	12.5x	0.7x

Price to Earnings Ratio

12.5x

Tue, 27 Dec 2022

Current Industry PE

Investors are relatively neutral on the Hong Kong Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 15.7x.

The industry is trading close to its 3-year average PS ratio of 0.96x.

Past Earnings Growth

The earnings for companies in the Telecom industry have grown 6.5% per year over the last three years.
Revenues for these companies have grown 3.2% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Hong Kong Telecom industry?


HK Market	-1.02%
Telecom	-1.19%
Telecom Services and Carriers	-1.80%
Alternative Carriers	-1.06%
Integrated Telecom Services	-1.80%

Industry PE

Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 15.8x.

Analysts are expecting annual earnings growth of 11.6%, which is higher than its past year's earnings growth of 5.2% per year.

Investors are most pessimistic about the Alternative Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.0x.

Forecasted Growth

Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 12% over the next 5 years.
This is better than its past earnings growth rate of 5.2% per year.