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New Zealand (NZX) Telecom Sector Analysis

UpdatedDec 05, 2025
DataAggregated Company Financials
Companies4
  • 7D0.5%
  • 3M-8.1%
  • 1Y-8.9%
  • YTD-10.0%

In the last week, Telecom has been flat. As for the longer term, the industry has declined 9.5% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Dec 2025NZ$9.0bNZ$5.8bNZ$257.9m23.8x34.9x1.5x
Sun, 02 Nov 2025NZ$9.4bNZ$5.8bNZ$257.9m24.4x36.5x1.6x
Tue, 30 Sep 2025NZ$9.2bNZ$5.8bNZ$257.9m21.2x35.6x1.6x
Thu, 28 Aug 2025NZ$9.6bNZ$5.9bNZ$257.3m21.1x37.5x1.6x
Sat, 26 Jul 2025NZ$9.0bNZ$6.0bNZ$176.6m23.7x51.1x1.5x
Mon, 23 Jun 2025NZ$8.7bNZ$6.0bNZ$176.6m21.6x49x1.5x
Wed, 21 May 2025NZ$8.4bNZ$6.0bNZ$176.6m20.5x47.6x1.4x
Fri, 18 Apr 2025NZ$8.0bNZ$6.0bNZ$176.6m19.7x45.3x1.3x
Sun, 16 Mar 2025NZ$8.1bNZ$6.0bNZ$176.6m19.7x45.6x1.4x
Tue, 11 Feb 2025NZ$9.6bNZ$6.0bNZ$368.2m16.6x26.1x1.6x
Thu, 09 Jan 2025NZ$9.7bNZ$6.0bNZ$368.2m16.6x26.4x1.6x
Sat, 07 Dec 2024NZ$9.8bNZ$6.0bNZ$368.2m16.4x26.5x1.6x
Mon, 04 Nov 2024NZ$9.7bNZ$6.0bNZ$368.2m16.6x26.3x1.6x
Wed, 02 Oct 2024NZ$9.8bNZ$6.0bNZ$368.2m16.6x26.6x1.6x
Fri, 30 Aug 2024NZ$11.0bNZ$6.0bNZ$368.2m18x29.8x1.8x
Sun, 28 Jul 2024NZ$11.5bNZ$6.1bNZ$514.4m17.8x22.4x1.9x
Tue, 25 Jun 2024NZ$11.0bNZ$6.1bNZ$514.4m16.9x21.4x1.8x
Thu, 23 May 2024NZ$11.3bNZ$6.1bNZ$514.4m17.8x22x1.9x
Sat, 20 Apr 2024NZ$12.2bNZ$6.1bNZ$514.4m19.8x23.8x2x
Mon, 18 Mar 2024NZ$12.8bNZ$6.1bNZ$514.4m20.8x25x2.1x
Wed, 14 Feb 2024NZ$13.4bNZ$6.6bNZ$1.2b9.6x10.9x2x
Fri, 12 Jan 2024NZ$13.4bNZ$6.6bNZ$1.2b9.6x10.9x2x
Sun, 10 Dec 2023NZ$13.3bNZ$6.6bNZ$1.2b8.8x10.8x2x
Tue, 07 Nov 2023NZ$13.1bNZ$6.6bNZ$1.2b8.9x10.7x2x
Thu, 05 Oct 2023NZ$12.6bNZ$6.6bNZ$1.2b8.8x10.3x1.9x
Sat, 02 Sep 2023NZ$13.2bNZ$6.6bNZ$1.2b9.3x10.8x2x
Mon, 31 Jul 2023NZ$13.8bNZ$6.5bNZ$1.2b8.2x11.8x2.1x
Wed, 28 Jun 2023NZ$13.6bNZ$6.5bNZ$1.2b8.2x11.7x2.1x
Fri, 26 May 2023NZ$14.0bNZ$6.5bNZ$1.2b8.6x12x2.2x
Sun, 23 Apr 2023NZ$14.0bNZ$6.5bNZ$1.2b8.6x12x2.2x
Tue, 21 Mar 2023NZ$13.2bNZ$6.5bNZ$1.2b8.4x11.4x2x
Thu, 16 Feb 2023NZ$14.3bNZ$5.8bNZ$554.1m15x25.9x2.5x
Sat, 14 Jan 2023NZ$14.0bNZ$5.8bNZ$554.1m15.1x25.4x2.4x
Mon, 12 Dec 2022NZ$14.1bNZ$5.8bNZ$554.1m14.9x25.4x2.4x
Price to Earnings Ratio

25.4x


Total Market Cap: NZ$14.1bTotal Earnings: NZ$554.1mTotal Revenue: NZ$5.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Telecom Sector Price to Earnings3Y Average 25.3x202320242025
Current Industry PE
  • Investors are optimistic on the New Zealander Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.0x which is higher than its 3-year average PE of 25.2x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 23% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 New Zealand Telecom sector?

NZ Market0.35%
Telecom0.47%
Telecom Services and Carriers0.56%
Interactive Media and Services0%0
Wireless Telecom0%0
Media-0.59%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 81.4x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 58.7% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.8x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Media industry is expected to see its earnings grow by 17% 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
SPK Spark New ZealandNZ$2.292.2%
+NZ$94.5m		-19.5%PE17.2x

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