Analysis Article • May 23
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- 7D-1.8%
- 3M-1.7%
- 1Y-6.5%
- YTD-5.9%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.8%, driven by NTT declining 2.0%. Overall the industry is down 6.5% in 12 months. Looking forward, earnings are forecast to grow by 5.0% annually.
Industry Valuation and Performance
Has the Japanese Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 31 May 2026 | JP¥13.3t | JP¥15.4t | JP¥1.1t | 13.9x | 12.1x | 0.9x |
| Tue, 28 Apr 2026 | JP¥13.3t | JP¥15.1t | JP¥1.1t | 14.8x | 11.7x | 0.9x |
| Thu, 26 Mar 2026 | JP¥13.8t | JP¥15.1t | JP¥1.1t | 13.6x | 12.2x | 0.9x |
| Sat, 21 Feb 2026 | JP¥13.3t | JP¥15.1t | JP¥1.1t | 14.4x | 11.7x | 0.9x |
| Mon, 19 Jan 2026 | JP¥13.9t | JP¥14.9t | JP¥1.1t | 14.6x | 12.7x | 0.9x |
| Wed, 17 Dec 2025 | JP¥13.8t | JP¥14.9t | JP¥1.1t | 13.4x | 12.6x | 0.9x |
| Fri, 14 Nov 2025 | JP¥13.5t | JP¥14.9t | JP¥1.1t | 14.8x | 12.3x | 0.9x |
| Sun, 12 Oct 2025 | JP¥13.7t | JP¥14.7t | JP¥1.0t | 15.7x | 13.2x | 0.9x |
| Tue, 09 Sep 2025 | JP¥14.3t | JP¥14.7t | JP¥1.0t | 13.3x | 13.8x | 1x |
| Thu, 07 Aug 2025 | JP¥13.8t | JP¥14.6t | JP¥1.0t | 13.2x | 13.2x | 0.9x |
| Sat, 05 Jul 2025 | JP¥13.9t | JP¥14.6t | JP¥1.0t | 13x | 13.2x | 0.9x |
| Mon, 02 Jun 2025 | JP¥14.4t | JP¥14.6t | JP¥1.0t | 13.1x | 13.7x | 1x |
| Wed, 30 Apr 2025 | JP¥13.4t | JP¥14.6t | JP¥1.2t | 13.5x | 11.4x | 0.9x |
| Fri, 28 Mar 2025 | JP¥13.4t | JP¥14.6t | JP¥1.2t | 14x | 11.4x | 0.9x |
| Sun, 23 Feb 2025 | JP¥13.3t | JP¥14.6t | JP¥1.2t | 14.7x | 11.3x | 0.9x |
| Tue, 21 Jan 2025 | JP¥13.7t | JP¥14.5t | JP¥1.2t | 11.9x | 11.2x | 0.9x |
| Thu, 19 Dec 2024 | JP¥14.1t | JP¥14.5t | JP¥1.2t | 11.7x | 11.6x | 1x |
| Sat, 16 Nov 2024 | JP¥14.1t | JP¥14.5t | JP¥1.2t | 11.7x | 11.7x | 1x |
| Mon, 14 Oct 2024 | JP¥13.6t | JP¥14.4t | JP¥1.2t | 13.9x | 11.1x | 0.9x |
| Wed, 11 Sep 2024 | JP¥13.8t | JP¥14.4t | JP¥1.2t | 14x | 11.3x | 1x |
| Fri, 09 Aug 2024 | JP¥13.2t | JP¥14.3t | JP¥1.2t | 14.6x | 10.8x | 0.9x |
| Sun, 07 Jul 2024 | JP¥14.1t | JP¥14.2t | JP¥1.3t | 15x | 10.7x | 1x |
| Tue, 04 Jun 2024 | JP¥14.0t | JP¥14.2t | JP¥1.3t | 14.2x | 10.6x | 1x |
| Thu, 02 May 2024 | JP¥15.4t | JP¥14.1t | JP¥1.2t | 15.1x | 12.4x | 1.1x |
| Sat, 30 Mar 2024 | JP¥16.3t | JP¥14.1t | JP¥1.2t | 16x | 13.1x | 1.2x |
| Mon, 26 Feb 2024 | JP¥16.3t | JP¥14.1t | JP¥1.2t | 13.6x | 13.2x | 1.2x |
| Wed, 24 Jan 2024 | JP¥17.2t | JP¥14.1t | JP¥1.2t | 12.8x | 13.9x | 1.2x |
| Fri, 22 Dec 2023 | JP¥15.6t | JP¥14.1t | JP¥1.2t | 11.9x | 12.6x | 1.1x |
| Sun, 19 Nov 2023 | JP¥16.0t | JP¥14.0t | JP¥1.2t | 12.5x | 12.9x | 1.1x |
| Tue, 17 Oct 2023 | JP¥16.1t | JP¥14.0t | JP¥1.3t | 14.9x | 12.7x | 1.1x |
| Thu, 14 Sep 2023 | JP¥16.0t | JP¥14.0t | JP¥1.3t | 13.7x | 12.6x | 1.1x |
| Sat, 12 Aug 2023 | JP¥15.1t | JP¥14.0t | JP¥1.3t | 13.1x | 11.9x | 1.1x |
| Mon, 10 Jul 2023 | JP¥15.3t | JP¥13.9t | JP¥1.3t | 14.7x | 12.2x | 1.1x |
| Wed, 07 Jun 2023 | JP¥15.3t | JP¥13.9t | JP¥1.3t | 15.9x | 12.2x | 1.1x |
Price to Earnings Ratio
12.2x
Current Industry PE
- Investors are relatively neutral on the Japanese 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 12.2x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have declined 4.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.5% 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 Japanese Telecom industry?
| JP Market | 1.91% | |
| Telecom | 3.04% | |
| Telecom Services and Carriers | -1.77% | |
| Alternative Carriers | 0.73% | |
| Integrated Telecom Services | -1.84% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 19.3x.
- Analysts are expecting annual earnings growth of 9.4%, which is lower than the prior year's growth of 19.9% per year.
- Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 12.1x.
Forecasted Growth
- Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 9.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 20% per year.
- In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 4.8% per year 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 | |
|---|---|---|---|---|---|
| 3774 Internet Initiative Japan | JP¥3.10k | 1.2% +JP¥6.7b | 11.4% | PE22.7x | |
| 4390 IPS | JP¥4.20k | 4.9% +JP¥2.6b | 78.3% | PE13.1x | |
| 9416 Vision | JP¥1.07k | 4.8% +JP¥2.4b | -10.6% | PE11.7x | |
| 3843 FreeBit | JP¥1.43k | 4.7% +JP¥1.4b | -7.9% | PE8.9x | |
| 3934 BENEFIT JAPAN | JP¥2.43k | 10.0% +JP¥1.3b | 52.2% | PE14.4x |