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New Zealand (NZX) Telecom Sector Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies4
  • 7D-4.2%
  • 3M-3.0%
  • 1Y-11.1%
  • YTD-8.0%

Over the last 7 days, the Telecom industry has dropped 2.9%, driven by declines from every company within the industry. However, the industry is down 11% over the past year. Earnings are forecast to grow by 9.3% annually.

Sector Valuation and Performance

Has the New Zealand Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026NZ$8.3bNZ$6.1bNZ$602.5m9x13.9x1.4x
Mon, 10 Aug 2026NZ$8.5bNZ$5.8bNZ$386.5m14.4x21.9x1.4x
Wed, 08 Jul 2026NZ$8.4bNZ$5.8bNZ$386.5m14.1x21.6x1.4x
Fri, 05 Jun 2026NZ$8.3bNZ$5.8bNZ$386.5m14.4x21.4x1.4x
Sun, 03 May 2026NZ$8.9bNZ$5.8bNZ$386.5m15.1x23x1.5x
Tue, 31 Mar 2026NZ$8.6bNZ$5.8bNZ$386.5m14.8x22.1x1.5x
Thu, 26 Feb 2026NZ$8.9bNZ$5.8bNZ$332.3m19.5x26.9x1.5x
Sat, 24 Jan 2026NZ$9.1bNZ$5.8bNZ$257.9m23.1x35.2x1.6x
Mon, 22 Dec 2025NZ$9.0bNZ$5.8bNZ$257.9m22.7x34.7x1.5x
Wed, 19 Nov 2025NZ$9.0bNZ$5.8bNZ$257.9m23.8x34.8x1.5x
Fri, 17 Oct 2025NZ$9.2bNZ$5.8bNZ$257.9m23.7x35.5x1.6x
Sun, 14 Sep 2025NZ$9.4bNZ$5.9bNZ$255.1m20.6x36.9x1.6x
Tue, 12 Aug 2025NZ$9.6bNZ$6.0bNZ$176.6m24x54.5x1.6x
Thu, 10 Jul 2025NZ$9.2bNZ$6.0bNZ$176.6m23.7x51.9x1.5x
Sat, 07 Jun 2025NZ$8.5bNZ$6.0bNZ$176.6m21.6x48.4x1.4x
Mon, 05 May 2025NZ$8.1bNZ$6.0bNZ$176.6m19.5x45.8x1.4x
Wed, 02 Apr 2025NZ$8.0bNZ$6.0bNZ$176.6m19.2x45x1.3x
Fri, 28 Feb 2025NZ$8.3bNZ$6.0bNZ$204.8m19x40.7x1.4x
Sun, 26 Jan 2025NZ$9.7bNZ$6.0bNZ$368.2m16.7x26.3x1.6x
Tue, 24 Dec 2024NZ$9.7bNZ$6.0bNZ$368.2m16.6x26.5x1.6x
Thu, 21 Nov 2024NZ$10.1bNZ$6.0bNZ$368.2m16.8x27.5x1.7x
Sat, 19 Oct 2024NZ$10.1bNZ$6.0bNZ$368.2m16.9x27.3x1.7x
Mon, 16 Sep 2024NZ$10.7bNZ$6.0bNZ$368.2m17.2x29.1x1.8x
Wed, 14 Aug 2024NZ$12.0bNZ$6.1bNZ$514.4m18.7x23.3x2x
Fri, 12 Jul 2024NZ$11.6bNZ$6.1bNZ$514.4m17.8x22.5x1.9x
Sun, 09 Jun 2024NZ$11.2bNZ$6.1bNZ$514.4m17.3x21.7x1.8x
Tue, 07 May 2024NZ$11.8bNZ$6.1bNZ$514.4m19.1x23x2x
Thu, 04 Apr 2024NZ$12.5bNZ$6.1bNZ$514.4m20.2x24.3x2.1x
Sat, 02 Mar 2024NZ$13.2bNZ$6.1bNZ$514.4m21.4x25.7x2.2x
Mon, 29 Jan 2024NZ$13.7bNZ$6.6bNZ$1.2b9.9x11.2x2.1x
Wed, 27 Dec 2023NZ$13.3bNZ$6.6bNZ$1.2b9.5x10.8x2x
Fri, 24 Nov 2023NZ$13.1bNZ$6.6bNZ$1.2b8.9x10.7x2x
Sun, 22 Oct 2023NZ$13.0bNZ$6.6bNZ$1.2b8.8x10.6x2x
Tue, 19 Sep 2023NZ$12.8bNZ$6.6bNZ$1.2b8.9x10.4x1.9x
Price to Earnings Ratio

10.4x


Total Market Cap: NZ$12.8bTotal Earnings: NZ$1.2bTotal Revenue: NZ$6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Telecom Sector Price to Earnings3Y Average 27.8x202420252026
Current Industry PE
  • Investors are pessimistic on the New Zealander 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 14.0x which is lower than its 3-year average PE of 27.8x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 21% per year over the last three years,
  • Revenues have also declined 2.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the New Zealand Telecom sector?

NZ Market-2.93%
Telecom-4.21%
Interactive Media and Services0%0
Wireless Telecom0%0
Telecom Services and Carriers-4.19%
Media-4.41%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry even though it's trading below its 3-year average PE ratio of 28.6x.
    • Analysts are expecting annual earnings growth of 10.6%, which is lower than the prior year's growth of 458.9% per year.
  • Investors are most pessimistic about the Media industry, which is trading below its 3-year average of 109x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 11% over the next 5 years.
  • In contrast, the Media industry is expected to see its earnings decline by 5.0% 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
No data available

Latest News

SKT
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Narrative Update • Sep 03

SPK: Digital Services Review Will Reveal Fragile Earnings And Dividend Outlook

Analysts have slightly raised their fair value estimate for Spark New Zealand from NZ$1.80 to NZ$1.90, citing updated assumptions around discount rates, revenue growth, and future P/E expectations. What’s in the News for Spark New Zealand Spark New Zealand has started a review of its Digital Services division, with an advisor appointed and completion expected in the first half of fiscal 2027, as part of the SPK 30 program to focus more on connectivity and simplify cloud and IT services.
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NZME
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1Y
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