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Portuguese (PSI) Telecom Sector Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies9
  • 7D4.2%
  • 3M24.1%
  • 1Y20.9%
  • YTD20.7%

The Telecom industry is up 3.9% in the last week, with NOS S.G.P.S up 7.0%. In the same time, Pharol SGPS was down 9.9%. This takes the industry's 12 month performance to a gain of 21%. In the next few years, earnings are forecast to decline by 1.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026€4.5b€2.6b€261.7m10.6x17.1x1.7x
Sun, 01 Feb 2026€3.9b€2.5b€268.9m9.6x14.4x1.5x
Tue, 30 Dec 2025€3.7b€2.5b€268.9m9.1x13.6x1.4x
Thu, 27 Nov 2025€3.6b€2.3b€171.7m7.5x21.2x1.6x
Sat, 25 Oct 2025€3.7b€2.3b€159.0m7.9x23.2x1.6x
Mon, 22 Sep 2025€3.7b€2.3b€252.3m10.6x14.6x1.6x
Wed, 20 Aug 2025€3.6b€2.2b€249.6m10.6x14.6x1.6x
Fri, 18 Jul 2025€3.4b€2.2b€271.3m9x12.7x1.6x
Sun, 15 Jun 2025€3.4b€2.4b€306.8m7.4x11.1x1.4x
Tue, 13 May 2025€3.3b€2.4b€308.2m8.8x10.7x1.4x
Thu, 10 Apr 2025€3.4b€2.4b€448.4m7.6x7.6x1.4x
Sat, 08 Mar 2025€3.7b€2.0b€345.7m33.1x10.6x1.8x
Mon, 03 Feb 2025€3.0b€2.2b€350.8m9.4x8.6x1.4x
Wed, 01 Jan 2025€3.0b€2.2b€350.8m9.6x8.5x1.4x
Fri, 29 Nov 2024€3.0b€2.2b€357.8m9.3x8.3x1.3x
Sun, 27 Oct 2024€3.0b€2.2b€351.1m9.7x8.6x1.4x
Tue, 24 Sep 2024€3.1b€2.2b€351.1m10x8.7x1.4x
Thu, 22 Aug 2024€2.9b€2.2b€350.2m9.6x8.4x1.3x
Sat, 20 Jul 2024€3.0b€2.1b€298.2m12.5x10.1x1.4x
Mon, 17 Jun 2024€3.0b€2.1b€297.0m10.4x9.9x1.4x
Wed, 15 May 2024€3.0b€2.1b€242.4m13.5x12.2x1.4x
Fri, 12 Apr 2024€3.1b€2.2b€257.7m7.4x11.9x1.4x
Sun, 10 Mar 2024€3.0b€2.2b€212.6m12.5x14.1x1.4x
Tue, 06 Feb 2024€2.8b€2.2b€191.2m13x14.8x1.3x
Thu, 04 Jan 2024€2.9b€2.2b€191.2m13.2x15.1x1.3x
Sat, 02 Dec 2023€3.0b€2.2b€193.3m10.9x15.7x1.4x
Mon, 30 Oct 2023€3.0b€2.2b€269.8m8x11.1x1.4x
Wed, 27 Sep 2023€3.0b€2.2b€269.8m8.2x11.1x1.4x
Fri, 25 Aug 2023€3.0b€2.3b€311.4m7.6x9.5x1.3x
Sun, 23 Jul 2023€3.0b€2.3b€309.7m8x9.8x1.3x
Tue, 20 Jun 2023€3.0b€2.3b€378.6m7.9x7.9x1.3x
Thu, 18 May 2023€3.1b€2.3b€378.3m8.2x8.2x1.3x
Sat, 15 Apr 2023€3.5b€2.3b€356.9m9.5x9.8x1.5x
Mon, 13 Mar 2023€3.5b€2.3b€406.7m8.5x8.6x1.5x
Price to Earnings Ratio

8.6x


Total Market Cap: €3.5bTotal Earnings: €406.7mTotal Revenue: €2.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Portuguese Telecom Sector Price to Earnings3Y Average 11.7x202420252026
Current Industry PE
  • Investors are optimistic on the Portuguese Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.9x which is higher than its 3-year average PE of 11.7x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% per year.
  • This means that although more sales are being generated, 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 Portuguese Telecom sector?

PT Market-3.13%
Telecom4.16%
Telecom Services and Carriers6.62%
Wireless Telecom0.68%
Media-0.39%
Entertainment-1.08%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 73.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Telecom Services and Carriers industry since they expect its earnings to decline by only 1.5% per year over the next 5 years, which isn't as bad as the other industries.
  • This is an improvement from its past earnings decline of 9.7% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NOS NOS S.G.P.S€5.477.0%
+€184.2m
22.6%PE11.4x
SNC Sonaecom SGPS€2.940.7%
+€6.1m
17.6%PE789.8x