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Dutch (AEX) Telecom Sector Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.3%
  • 3M-5.4%
  • 1Y-16.8%
  • YTD-4.1%

Over the last 7 days, the Telecom industry has dropped 1.0%, driven by Universal Music Group declining 4.7%. In contrast, Koninklijke KPN has gained 9.0%. The industry has fallen 15% in the last year. In the next few years, earnings are forecast to decline by 1.1% annually.

Sector Valuation and Performance

Has the Dutch Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026€55.1b€21.7b€3.6b11.3x15.5x2.5x
Wed, 07 Jan 2026€57.7b€21.6b€3.5b12.6x16.6x2.7x
Fri, 05 Dec 2025€56.3b€21.6b€3.5b11.6x16.2x2.6x
Sun, 02 Nov 2025€59.9b€21.6b€3.5b12.4x17.2x2.8x
Tue, 30 Sep 2025€62.3b€21.6b€3.5b12.9x18x2.9x
Thu, 28 Aug 2025€63.4b€21.6b€3.5b13x18.3x2.9x
Sat, 26 Jul 2025€68.1b€21.2b€2.9b14.1x23.2x3.2x
Mon, 23 Jun 2025€67.0b€21.1b€3.0b14.4x22.7x3.2x
Wed, 21 May 2025€68.7b€21.1b€3.0b14.7x23.2x3.3x
Fri, 18 Apr 2025€61.3b€21.0b€3.0b13.9x20.6x2.9x
Sun, 16 Mar 2025€62.9b€21.0b€3.0b13.3x21.2x3x
Tue, 11 Feb 2025€66.3b€20.7b€2.5b13.1x26.9x3.2x
Thu, 09 Jan 2025€59.8b€17.8b€2.3b17x26.1x3.4x
Sat, 07 Dec 2024€57.6b€17.8b€2.3b18.1x25.1x3.2x
Mon, 04 Nov 2024€57.3b€17.8b€2.4b13.3x24.3x3.2x
Wed, 02 Oct 2024€57.6b€17.7b€2.3b13.9x24.5x3.3x
Fri, 30 Aug 2024€58.6b€17.7b€2.4b13.5x24.9x3.3x
Sun, 28 Jul 2024€53.5b€17.7b€2.4b13.4x22.8x3x
Tue, 25 Jun 2024€65.8b€17.3b€2.1b13.7x32.1x3.8x
Thu, 23 May 2024€67.0b€17.3b€2.1b12.8x32.6x3.9x
Sat, 20 Apr 2024€62.7b€17.3b€2.1b15x30.1x3.6x
Mon, 18 Mar 2024€63.6b€17.3b€2.1b13x29.8x3.7x
Wed, 14 Feb 2024€63.0b€17.0b€2.1b12.5x30.1x3.7x
Fri, 12 Jan 2024€60.6b€16.9b€2.1b13.9x29.5x3.6x
Sun, 10 Dec 2023€58.6b€16.9b€2.1b13.9x28.5x3.5x
Tue, 07 Nov 2023€55.6b€16.9b€2.0b14.7x28x3.3x
Thu, 05 Oct 2023€57.5b€16.9b€2.0b14.6x28.8x3.4x
Sat, 02 Sep 2023€54.7b€16.9b€2.0b14.4x27.4x3.2x
Mon, 31 Jul 2023€55.9b€16.8b€2.0b15.3x28x3.3x
Wed, 28 Jun 2023€48.3b€16.4b€1.6b11.7x30.6x2.9x
Fri, 26 May 2023€48.3b€16.4b€1.5b11.9x33.1x2.9x
Sun, 23 Apr 2023€51.0b€16.4b€1.4b17.5x35.2x3.1x
Tue, 21 Mar 2023€53.3b€16.4b€1.5b13.8x36.6x3.3x
Thu, 16 Feb 2023€54.2b€15.5b€1.4b16.5x39.5x3.5x
Price to Earnings Ratio

39.5x


Total Market Cap: €54.2bTotal Earnings: €1.4bTotal Revenue: €15.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Telecom Sector Price to Earnings3Y Average 26.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Dutch Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.5x which is lower than its 3-year average PE of 26.3x.
  • The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Dutch Telecom sector?

NL Market-1.33%
Telecom-1.34%
Telecom Services and Carriers6.90%
Interactive Media and Services0%0
Media0%0
Entertainment-4.37%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 17.7x.
    • Analysts are expecting annual earnings growth of 8.3%, which is higher than its past year's earnings growth of 7.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 182% over the next 5 years.
  • In contrast, the Entertainment industry is expected to see its earnings decline by 6.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KPN Koninklijke KPN€4.486.9%
+€1.1b
26.9%PE20x
AJAX AFC Ajax€9.181.1%
+€1.8m
-8.7%PS0.9x