Analysis Article • May 23
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- 7D5.8%
- 3M6.9%
- 1Y-1.9%
- YTD0.7%
The Telecom Services and Carriers industry is up 5.8% in the last week, with NTT up 5.4%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 4.6% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 13 Aug 2026 | JP¥14.2t | JP¥15.8t | JP¥1.1t | 13.4x | 12.7x | 0.9x |
| Sat, 11 Jul 2026 | JP¥13.2t | JP¥15.4t | JP¥1.1t | 12.9x | 12x | 0.9x |
| Mon, 08 Jun 2026 | JP¥13.0t | JP¥15.4t | JP¥1.1t | 13.4x | 11.8x | 0.8x |
| Wed, 06 May 2026 | JP¥13.4t | JP¥15.1t | JP¥1.1t | 14.6x | 11.8x | 0.9x |
| Fri, 03 Apr 2026 | JP¥13.8t | JP¥15.1t | JP¥1.1t | 13.1x | 12.2x | 0.9x |
| Sun, 01 Mar 2026 | JP¥13.5t | JP¥15.1t | JP¥1.1t | 14.7x | 11.9x | 0.9x |
| Tue, 27 Jan 2026 | JP¥13.9t | JP¥14.9t | JP¥1.1t | 15.2x | 12.7x | 0.9x |
| Thu, 25 Dec 2025 | JP¥13.9t | JP¥14.9t | JP¥1.1t | 14x | 12.7x | 0.9x |
| Sat, 22 Nov 2025 | JP¥13.8t | JP¥14.9t | JP¥1.1t | 13.8x | 12.6x | 0.9x |
| Mon, 20 Oct 2025 | JP¥14.2t | JP¥14.7t | JP¥1.0t | 16x | 13.6x | 1x |
| Wed, 17 Sep 2025 | JP¥14.5t | JP¥14.7t | JP¥1.0t | 14.1x | 14x | 1x |
| Fri, 15 Aug 2025 | JP¥14.6t | JP¥14.7t | JP¥1.0t | 13.8x | 14.1x | 1x |
| Sun, 13 Jul 2025 | JP¥13.7t | JP¥14.6t | JP¥1.0t | 13.1x | 13.1x | 0.9x |
| Tue, 10 Jun 2025 | JP¥14.3t | JP¥14.6t | JP¥1.0t | 13.7x | 13.6x | 1x |
| Thu, 08 May 2025 | JP¥13.7t | JP¥14.6t | JP¥1.2t | 13.4x | 11.7x | 0.9x |
| Sat, 05 Apr 2025 | JP¥13.0t | JP¥14.6t | JP¥1.2t | 13.6x | 11.1x | 0.9x |
| Mon, 03 Mar 2025 | JP¥13.1t | JP¥14.6t | JP¥1.2t | 14x | 11.1x | 0.9x |
| Wed, 29 Jan 2025 | JP¥13.9t | JP¥14.5t | JP¥1.2t | 12.4x | 11.4x | 1x |
| Fri, 27 Dec 2024 | JP¥14.0t | JP¥14.5t | JP¥1.2t | 11.8x | 11.5x | 1x |
| Sun, 24 Nov 2024 | JP¥14.2t | JP¥14.5t | JP¥1.2t | 12.1x | 11.7x | 1x |
| Tue, 22 Oct 2024 | JP¥13.4t | JP¥14.4t | JP¥1.2t | 12x | 10.9x | 0.9x |
| Thu, 19 Sep 2024 | JP¥13.7t | JP¥14.4t | JP¥1.2t | 13.9x | 11.2x | 1x |
| Sat, 17 Aug 2024 | JP¥13.8t | JP¥14.4t | JP¥1.2t | 14.5x | 11.3x | 1x |
| Mon, 15 Jul 2024 | JP¥14.4t | JP¥14.2t | JP¥1.3t | 14.8x | 10.8x | 1x |
| Wed, 12 Jun 2024 | JP¥13.6t | JP¥14.2t | JP¥1.3t | 14.1x | 10.3x | 1x |
| Fri, 10 May 2024 | JP¥15.2t | JP¥14.1t | JP¥1.2t | 15.5x | 12.3x | 1.1x |
| Sun, 07 Apr 2024 | JP¥15.8t | JP¥14.1t | JP¥1.2t | 15.3x | 12.8x | 1.1x |
| Tue, 05 Mar 2024 | JP¥16.3t | JP¥14.1t | JP¥1.2t | 14.8x | 13.2x | 1.2x |
| Thu, 01 Feb 2024 | JP¥16.9t | JP¥14.1t | JP¥1.2t | 13x | 13.6x | 1.2x |
| Sat, 30 Dec 2023 | JP¥15.8t | JP¥14.1t | JP¥1.2t | 12.3x | 12.7x | 1.1x |
| Mon, 27 Nov 2023 | JP¥15.8t | JP¥14.0t | JP¥1.2t | 12.3x | 12.8x | 1.1x |
| Wed, 25 Oct 2023 | JP¥15.8t | JP¥14.0t | JP¥1.3t | 13.3x | 12.5x | 1.1x |
| Fri, 22 Sep 2023 | JP¥16.4t | JP¥14.0t | JP¥1.3t | 13.6x | 13x | 1.2x |
| Sun, 20 Aug 2023 | JP¥15.0t | JP¥14.0t | JP¥1.3t | 14x | 11.8x | 1.1x |
Price to Earnings Ratio
11.8x
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 industry is trading close to its 3-year average PS ratio of 0.99x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have declined 4.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.2% 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 | 3.17% | |
| Telecom | 4.29% | |
| Telecom Services and Carriers | 5.80% | |
| Integrated Telecom Services | 5.93% | |
| Alternative Carriers | 1.65% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 19.1x.
- Analysts are expecting annual earnings growth of 10.8%, 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 11% 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 4.4% 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 | |
|---|---|---|---|---|---|
| 9432 NTT | JP¥158.40 | 4.9% +JP¥597.9b | -2.8% | PE12.3x | |
| 9418 U-NEXT HOLDINGSLtd | JP¥1.73k | 3.4% +JP¥10.3b | -21.6% | PE17.6x | |
| 3774 Internet Initiative Japan | JP¥3.50k | 0.2% +JP¥1.1b | 18.6% | PE25x | |
| 3934 BENEFIT JAPAN | JP¥2.37k | 7.5% +JP¥974.3m | 24.2% | PE14.1x | |
| 3843 FreeBit | JP¥1.62k | 1.9% +JP¥654.7m | -0.5% | PE10x |