Solid Earnings May Not Tell The Whole Story For Cellcom Israel (TLV:CEL)
Mar 26
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Israeli (TA) Telecom Sector Analysis
UpdatedMar 26, 2026
DataAggregated Company Financials
Companies8
- 7D-7.2%
- 3M7.1%
- 1Y48.7%
- YTD3.2%
Over the last 7 days, the Telecom industry has dropped 7.7%, driven by Bezeq The Israel Telecommunication declining 8.1%. In the past year, the industry has gained 50%. In the next few years earnings are forecast to be pretty stable.
Sector Valuation and Performance
Has the Israeli Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Mar 2026 | ₪35.1b | ₪17.3b | ₪2.4b | 15.2x | 14.9x | 2x |
| Sat, 21 Feb 2026 | ₪36.9b | ₪17.1b | ₪1.9b | 20.3x | 19x | 2.2x |
| Mon, 19 Jan 2026 | ₪34.4b | ₪17.1b | ₪1.9b | 19x | 17.7x | 2x |
| Wed, 17 Dec 2025 | ₪35.3b | ₪25.8b | ₪2.2b | 13.4x | 15.9x | 1.4x |
| Fri, 14 Nov 2025 | ₪34.3b | ₪26.0b | ₪2.2b | 18.3x | 15.7x | 1.3x |
| Sun, 12 Oct 2025 | ₪33.5b | ₪26.2b | ₪1.9b | 22.2x | 18.1x | 1.3x |
| Tue, 09 Sep 2025 | ₪32.5b | ₪26.1b | ₪1.9b | 21.1x | 17.4x | 1.2x |
| Thu, 07 Aug 2025 | ₪31.1b | ₪22.5b | ₪1.1b | 22x | 28.4x | 1.4x |
| Sat, 05 Jul 2025 | ₪29.2b | ₪26.3b | ₪1.7b | 18.3x | 17.3x | 1.1x |
| Mon, 02 Jun 2025 | ₪26.4b | ₪26.3b | ₪1.7b | 16x | 15.7x | 1x |
| Wed, 30 Apr 2025 | ₪26.2b | ₪26.4b | ₪1.6b | 16.3x | 16x | 1x |
| Fri, 28 Mar 2025 | ₪26.2b | ₪26.4b | ₪1.7b | 15.3x | 15.1x | 1x |
| Sun, 23 Feb 2025 | ₪28.4b | ₪26.5b | ₪1.7b | 15.1x | 16.8x | 1.1x |
| Tue, 21 Jan 2025 | ₪27.5b | ₪26.5b | ₪1.7b | 14.5x | 16.3x | 1x |
| Thu, 19 Dec 2024 | ₪24.7b | ₪26.5b | ₪1.7b | 13.2x | 14.7x | 0.9x |
| Sat, 16 Nov 2024 | ₪23.1b | ₪26.6b | ₪1.8b | 11.7x | 13.2x | 0.9x |
| Mon, 14 Oct 2024 | ₪19.3b | ₪26.6b | ₪1.8b | 10.8x | 11x | 0.7x |
| Wed, 11 Sep 2024 | ₪18.9b | ₪26.6b | ₪1.8b | 9.9x | 10.7x | 0.7x |
| Fri, 09 Aug 2024 | ₪18.9b | ₪26.6b | ₪1.7b | 10.6x | 11.2x | 0.7x |
| Sun, 07 Jul 2024 | ₪18.9b | ₪26.7b | ₪1.7b | 10.3x | 10.9x | 0.7x |
| Tue, 04 Jun 2024 | ₪19.9b | ₪26.7b | ₪1.7b | 10.7x | 11.4x | 0.7x |
| Thu, 02 May 2024 | ₪20.5b | ₪26.7b | ₪1.8b | 10.8x | 11.6x | 0.8x |
| Sat, 30 Mar 2024 | ₪21.0b | ₪26.8b | ₪1.6b | 11.3x | 12.8x | 0.8x |
| Mon, 26 Feb 2024 | ₪20.9b | ₪26.8b | ₪1.2b | 11.2x | 17.1x | 0.8x |
| Wed, 24 Jan 2024 | ₪20.5b | ₪26.8b | ₪1.2b | 10.8x | 16.7x | 0.8x |
| Fri, 22 Dec 2023 | ₪21.5b | ₪26.8b | ₪1.2b | 11.6x | 17.5x | 0.8x |
| Sun, 19 Nov 2023 | ₪23.1b | ₪26.8b | ₪1.2b | 11.5x | 18.9x | 0.9x |
| Tue, 17 Oct 2023 | ₪18.9b | ₪26.8b | ₪1.2b | 11x | 15.7x | 0.7x |
| Thu, 14 Sep 2023 | ₪18.7b | ₪23.4b | ₪1.3b | 12.1x | 14.3x | 0.8x |
| Sat, 12 Aug 2023 | ₪19.1b | ₪23.6b | ₪1.0b | 12.5x | 18.5x | 0.8x |
| Mon, 10 Jul 2023 | ₪16.7b | ₪23.5b | ₪1.0b | 11.5x | 16x | 0.7x |
| Wed, 07 Jun 2023 | ₪16.6b | ₪23.5b | ₪1.0b | 11.8x | 16x | 0.7x |
| Fri, 05 May 2023 | ₪18.1b | ₪23.0b | ₪1.3b | 13.8x | 14.1x | 0.8x |
| Sun, 02 Apr 2023 | ₪17.4b | ₪23.0b | ₪1.3b | 13.4x | 13.8x | 0.8x |
Price to Earnings Ratio
13.8x
Current Industry PE
- Investors are relatively neutral on the Israeli Communication Services 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 15.5x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 23% per year over the last three years.
- Meanwhile revenues for these companies have declined 9.0% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Israeli Telecom sector?
| IL Market | -3.11% | |
| Telecom | -7.18% | |
| Media | 0% | 0 |
| Entertainment | -0.90% | |
| Wireless Telecom | -5.63% | |
| Telecom Services and Carriers | -8.10% | |
| Interactive Media and Services | -9.64% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry even though it's trading below its 3-year average PE ratio of 33.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Telecom Services and Carriers industry since they expect its earnings to decline by only 0.7% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 35% per year.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GLTL Gilat Telecom Global | ₪1.80 | 1.8% +₪3.4m | 153.9% | PE17.1x | |
| GIX Gix Internet | ₪25.04 | 5.8% +₪2.9m | 652.0% | PS1x | |
| BUFT Buff Technologies | ₪5.11 | 2.3% +₪392.5k | -67.8% | PS0.8x |
