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Kenyan (NSE) Telecom Sector Analysis
UpdatedJan 11, 2026
DataAggregated Company Financials
Companies3
- 7D2.1%
- 3M7.3%
- 1Y60.4%
- YTD2.1%
In the last week, the Telecom industry is up 2.1%, with Safaricom up 2.1%. Meanwhile, Nation Media Group actually underperformed within the industry, shrinking 5.5% in the last week. This takes the industry's 12 month performance to a gain of 60%. Earnings are forecast to grow by 16% annually.
Sector Valuation and Performance
Has the Kenyan Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 11 Jan 2026 | KSh1.2t | KSh408.3b | KSh83.9b | 13.8x | 13.9x | 2.9x |
| Tue, 09 Dec 2025 | KSh1.2t | KSh393.6b | KSh69.3b | 16.6x | 16.7x | 2.9x |
| Thu, 06 Nov 2025 | KSh1.2t | KSh393.6b | KSh69.3b | 17.2x | 17.3x | 3.1x |
| Sat, 04 Oct 2025 | KSh1.2t | KSh393.6b | KSh69.3b | 16.6x | 16.8x | 3x |
| Mon, 01 Sep 2025 | KSh1.1t | KSh395.5b | KSh68.0b | 16.4x | 16.9x | 2.9x |
| Wed, 30 Jul 2025 | KSh1.1t | KSh393.9b | KSh69.0b | 16x | 16.2x | 2.8x |
| Fri, 27 Jun 2025 | KSh986.7b | KSh393.1b | KSh69.0b | 14.1x | 14.3x | 2.5x |
| Sun, 25 May 2025 | KSh800.4b | KSh397.2b | KSh69.6b | 42.8x | 11.5x | 2x |
| Tue, 22 Apr 2025 | KSh696.7b | KSh383.5b | KSh56.7b | 49.1x | 12.3x | 1.8x |
| Thu, 20 Mar 2025 | KSh708.9b | KSh384.0b | KSh56.5b | 48.9x | 12.5x | 1.8x |
| Sat, 15 Feb 2025 | KSh729.2b | KSh384.0b | KSh56.5b | 56.1x | 12.9x | 1.9x |
| Mon, 13 Jan 2025 | KSh728.8b | KSh384.0b | KSh56.5b | 47.4x | 12.9x | 1.9x |
| Wed, 11 Dec 2024 | KSh708.3b | KSh384.0b | KSh56.5b | 37.4x | 12.5x | 1.8x |
| Fri, 08 Nov 2024 | KSh632.9b | KSh359.3b | KSh62.6b | 44.8x | 10.1x | 1.8x |
| Sun, 06 Oct 2024 | KSh604.6b | KSh359.3b | KSh62.6b | 37.9x | 9.7x | 1.7x |
| Tue, 03 Sep 2024 | KSh592.3b | KSh359.7b | KSh62.8b | 32.9x | 9.4x | 1.6x |
| Thu, 01 Aug 2024 | KSh642.2b | KSh363.1b | KSh61.2b | 8.7x | 10.5x | 1.8x |
| Sat, 29 Jun 2024 | KSh698.2b | KSh363.3b | KSh61.7b | 9.1x | 11.3x | 1.9x |
| Mon, 27 May 2024 | KSh717.2b | KSh356.7b | KSh61.6b | 11.3x | 11.6x | 2x |
| Wed, 24 Apr 2024 | KSh657.0b | KSh330.0b | KSh61.8b | 38.4x | 10.6x | 2x |
| Fri, 22 Mar 2024 | KSh653.2b | KSh330.0b | KSh61.8b | 40.1x | 10.6x | 2x |
| Sun, 18 Feb 2024 | KSh530.8b | KSh330.4b | KSh62.6b | 10.2x | 8.5x | 1.6x |
| Tue, 16 Jan 2024 | KSh563.0b | KSh330.7b | KSh62.6b | 10.6x | 9x | 1.7x |
| Thu, 14 Dec 2023 | KSh585.0b | KSh338.2b | KSh62.4b | 10.8x | 9.4x | 1.7x |
| Sat, 11 Nov 2023 | KSh546.8b | KSh327.0b | KSh61.8b | 10.4x | 8.9x | 1.7x |
| Mon, 09 Oct 2023 | KSh567.1b | KSh327.0b | KSh61.8b | 10.5x | 9.2x | 1.7x |
| Wed, 06 Sep 2023 | KSh611.4b | KSh327.0b | KSh61.8b | 10.9x | 9.9x | 1.9x |
| Fri, 04 Aug 2023 | KSh679.5b | KSh327.1b | KSh61.6b | 11.5x | 11x | 2.1x |
| Sun, 02 Jul 2023 | KSh707.4b | KSh329.7b | KSh61.6b | 11.4x | 11.5x | 2.1x |
| Tue, 30 May 2023 | KSh617.3b | KSh330.1b | KSh61.8b | 8.7x | 10x | 1.9x |
| Thu, 27 Apr 2023 | KSh674.7b | KSh324.4b | KSh66.0b | 8.2x | 10.2x | 2.1x |
| Sat, 25 Mar 2023 | KSh762.9b | KSh324.4b | KSh66.0b | 8.6x | 11.6x | 2.4x |
| Mon, 20 Feb 2023 | KSh953.5b | KSh324.4b | KSh66.0b | 10.2x | 14.5x | 2.9x |
| Wed, 18 Jan 2023 | KSh851.5b | KSh324.9b | KSh66.1b | 12.8x | 12.9x | 2.6x |
Price to Earnings Ratio
12.9x
Current Industry PE
- There are only 3 companies in the Kenyan Communication Services industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 8.3% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 Kenyan Telecom sector?
| KE Market | 2.49% | |
| Telecom | 2.08% | |
| Wireless Telecom | 2.11% | |
| Media | -6.07% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 11.8x.
- Analysts are expecting annual earnings growth of 15.7%, which is lower than the prior year's growth of 48.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| SCOM Safaricom | KSh29.10 | 2.1% +KSh24.0b | 60.8% | PE13.8x |