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Kenyan (NSE) Telecom Sector Analysis
UpdatedDec 12, 2025
DataAggregated Company Financials
Companies3
- 7D-5.1%
- 3M-5.1%
- 1Y64.2%
- YTD62.2%
Over the last 7 days, the Telecom industry has dropped 5.1%, driven by a pullback from Safaricom of 5.1%. This takes the industry's 12 month performance to a gain of 64%. Earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Sat, 13 Dec 2025 | KSh1.1t | KSh393.6b | KSh69.3b | 16x | 16.2x | 2.9x |
| Mon, 10 Nov 2025 | KSh1.2t | KSh393.6b | KSh69.3b | 16.9x | 17.1x | 3x |
| Wed, 08 Oct 2025 | KSh1.1t | KSh393.6b | KSh69.3b | 16.2x | 16.4x | 2.9x |
| Fri, 05 Sep 2025 | KSh1.2t | KSh393.7b | KSh69.2b | 17.2x | 17.4x | 3.1x |
| Sun, 03 Aug 2025 | KSh1.0t | KSh393.9b | KSh69.0b | 14.9x | 15.1x | 2.7x |
| Tue, 01 Jul 2025 | KSh1.0t | KSh393.1b | KSh69.0b | 14.4x | 14.6x | 2.6x |
| Thu, 29 May 2025 | KSh828.5b | KSh397.2b | KSh69.6b | 43.8x | 11.9x | 2.1x |
| Sat, 26 Apr 2025 | KSh692.5b | KSh383.5b | KSh56.7b | 45.1x | 12.2x | 1.8x |
| Mon, 24 Mar 2025 | KSh714.9b | KSh384.0b | KSh56.5b | 49.1x | 12.6x | 1.9x |
| Wed, 19 Feb 2025 | KSh753.2b | KSh384.0b | KSh56.5b | 55.4x | 13.3x | 2x |
| Fri, 17 Jan 2025 | KSh748.8b | KSh384.0b | KSh56.5b | 46.7x | 13.2x | 1.9x |
| Sun, 15 Dec 2024 | KSh684.1b | KSh384.0b | KSh56.5b | 35.2x | 12.1x | 1.8x |
| Tue, 12 Nov 2024 | KSh620.6b | KSh359.3b | KSh62.6b | 40.1x | 9.9x | 1.7x |
| Thu, 10 Oct 2024 | KSh604.8b | KSh359.3b | KSh62.6b | 37.4x | 9.7x | 1.7x |
| Sat, 07 Sep 2024 | KSh596.4b | KSh359.6b | KSh62.8b | 33.1x | 9.5x | 1.7x |
| Mon, 05 Aug 2024 | KSh608.0b | KSh363.1b | KSh61.2b | 8.2x | 9.9x | 1.7x |
| Wed, 03 Jul 2024 | KSh702.1b | KSh363.3b | KSh61.7b | 8.9x | 11.4x | 1.9x |
| Fri, 31 May 2024 | KSh729.2b | KSh363.3b | KSh61.7b | 9.3x | 11.8x | 2x |
| Sun, 28 Apr 2024 | KSh658.9b | KSh330.0b | KSh61.8b | 38.5x | 10.7x | 2x |
| Tue, 26 Mar 2024 | KSh711.2b | KSh330.0b | KSh61.8b | 40.7x | 11.5x | 2.2x |
| Thu, 22 Feb 2024 | KSh542.9b | KSh330.4b | KSh62.6b | 10.4x | 8.7x | 1.6x |
| Sat, 20 Jan 2024 | KSh565.0b | KSh330.7b | KSh62.6b | 10.5x | 9x | 1.7x |
| Mon, 18 Dec 2023 | KSh570.9b | KSh338.2b | KSh62.4b | 10.5x | 9.1x | 1.7x |
| Wed, 15 Nov 2023 | KSh538.8b | KSh338.2b | KSh62.4b | 10.3x | 8.6x | 1.6x |
| Fri, 13 Oct 2023 | KSh567.1b | KSh327.0b | KSh61.8b | 10.5x | 9.2x | 1.7x |
| Sun, 10 Sep 2023 | KSh627.4b | KSh327.0b | KSh61.8b | 11x | 10.2x | 1.9x |
| Tue, 08 Aug 2023 | KSh677.6b | KSh327.1b | KSh61.6b | 11.4x | 11x | 2.1x |
| Thu, 06 Jul 2023 | KSh715.7b | KSh329.7b | KSh61.6b | 11.7x | 11.6x | 2.2x |
| Sat, 03 Jun 2023 | KSh685.5b | KSh330.1b | KSh61.8b | 9.3x | 11.1x | 2.1x |
| Mon, 01 May 2023 | KSh666.6b | KSh324.4b | KSh66.0b | 8x | 10.1x | 2.1x |
| Wed, 29 Mar 2023 | KSh746.9b | KSh324.4b | KSh66.0b | 8.5x | 11.3x | 2.3x |
| Fri, 24 Feb 2023 | KSh943.1b | KSh324.4b | KSh66.0b | 9.9x | 14.3x | 2.9x |
| Sun, 22 Jan 2023 | KSh909.5b | KSh324.9b | KSh66.1b | 13.7x | 13.8x | 2.8x |
| Tue, 20 Dec 2022 | KSh1.0t | KSh323.7b | KSh65.1b | 15.1x | 15.4x | 3.1x |
Price to Earnings Ratio
15.4x
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 2.1% per year over the last three years.
- Revenues for these companies have grown 6.7% 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 | -2.51% | |
| Telecom | -5.07% | |
| Media | 1.80% | |
| Wireless Telecom | -5.09% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 11.7x.
- Analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings growth of 10.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| NMG Nation Media Group | KSh13.00 | 3.6% +KSh77.1m | 8.3% | PS0.4x |