Analysis Article • Jun 04
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Portuguese (PSI) Telecom Sector Analysis
UpdatedJul 26, 2026
DataAggregated Company Financials
Companies9
- 7D-2.2%
- 3M-8.4%
- 1Y24.5%
- YTD11.2%
Over the last 7 days, the Telecom industry has dropped 2.2%, driven by NOS S.G.P.S declining 3.8%. This takes the industry's 12 month performance to a gain of 24%. As for the next few years, earnings are expected to grow by 1.1% per annum.
Sector Valuation and Performance
Has the Portuguese Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 26 Jul 2026 | €4.1b | €2.6b | €395.6m | 15.2x | 10.4x | 1.6x |
| Tue, 23 Jun 2026 | €4.3b | €2.6b | €358.9m | 14.7x | 12.1x | 1.7x |
| Thu, 21 May 2026 | €4.4b | €2.6b | €350.9m | 17.3x | 12.7x | 1.7x |
| Sat, 18 Apr 2026 | €4.5b | €2.6b | €279.7m | 14.5x | 16.1x | 1.7x |
| Mon, 16 Mar 2026 | €4.4b | €2.6b | €237.5m | 12.3x | 18.6x | 1.7x |
| Wed, 11 Feb 2026 | €4.0b | €2.5b | €268.9m | 9.9x | 15x | 1.6x |
| Fri, 09 Jan 2026 | €3.7b | €2.5b | €268.9m | 9.2x | 13.9x | 1.5x |
| Sun, 07 Dec 2025 | €3.6b | €2.3b | €234.5m | 10x | 15.4x | 1.6x |
| Tue, 04 Nov 2025 | €3.7b | €2.2b | €172.2m | 7.5x | 21.5x | 1.7x |
| Thu, 02 Oct 2025 | €3.7b | €2.3b | €169.9m | 8.2x | 21.7x | 1.6x |
| Sat, 30 Aug 2025 | €3.6b | €2.2b | €249.6m | 10.5x | 14.6x | 1.6x |
| Mon, 28 Jul 2025 | €3.3b | €2.2b | €270.2m | 8.9x | 12.3x | 1.5x |
| Wed, 25 Jun 2025 | €3.4b | €2.4b | €306.8m | 7.4x | 11.1x | 1.4x |
| Fri, 23 May 2025 | €3.4b | €2.4b | €306.9m | 7.4x | 11.1x | 1.4x |
| Sun, 20 Apr 2025 | €3.5b | €2.4b | €381.3m | 8.9x | 9.1x | 1.4x |
| Tue, 18 Mar 2025 | €3.6b | €2.2b | €405.7m | 9.2x | 9x | 1.6x |
| Thu, 13 Feb 2025 | €3.2b | €2.2b | €350.8m | 9.5x | 9x | 1.4x |
| Sat, 11 Jan 2025 | €3.0b | €2.2b | €350.8m | 9.6x | 8.5x | 1.3x |
| Mon, 09 Dec 2024 | €2.9b | €2.2b | €350.8m | 9.9x | 8.2x | 1.3x |
| Wed, 06 Nov 2024 | €2.9b | €2.2b | €357.8m | 9.8x | 8.2x | 1.3x |
| Fri, 04 Oct 2024 | €3.1b | €2.2b | €351.1m | 9.9x | 8.7x | 1.4x |
| Sun, 01 Sep 2024 | €3.0b | €2.2b | €350.2m | 9.9x | 8.6x | 1.4x |
| Tue, 30 Jul 2024 | €3.0b | €2.2b | €348.1m | 9.9x | 8.6x | 1.4x |
| Thu, 27 Jun 2024 | €2.9b | €2.1b | €298.2m | 12.2x | 9.8x | 1.4x |
| Sat, 25 May 2024 | €2.9b | €2.1b | €295.6m | 9.8x | 9.8x | 1.3x |
| Mon, 22 Apr 2024 | €3.0b | €2.2b | €257.7m | 7.3x | 11.8x | 1.4x |
| Wed, 20 Mar 2024 | €3.0b | €2.2b | €226.3m | 12.4x | 13.1x | 1.3x |
| Fri, 16 Feb 2024 | €2.8b | €2.2b | €191.2m | 12.9x | 14.8x | 1.3x |
| Sun, 14 Jan 2024 | €2.9b | €2.2b | €191.2m | 13.6x | 15.2x | 1.3x |
| Tue, 12 Dec 2023 | €2.9b | €2.2b | €194.3m | 10.5x | 15.1x | 1.3x |
| Thu, 09 Nov 2023 | €3.0b | €2.2b | €193.2m | 11x | 15.6x | 1.4x |
| Sat, 07 Oct 2023 | €3.0b | €2.2b | €269.8m | 8x | 11.1x | 1.4x |
| Mon, 04 Sep 2023 | €3.1b | €2.3b | €311.4m | 7.1x | 9.8x | 1.3x |
| Wed, 02 Aug 2023 | €3.0b | €2.3b | €308.4m | 7.8x | 9.8x | 1.3x |
Price to Earnings Ratio
9.8x
Current Industry PE
- Investors are pessimistic on the Portuguese 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 11.0x which is lower than its 3-year average PE of 12.5x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 6.8% per year over the last three years.
- Revenues for these companies have grown 4.2% 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 Portuguese Telecom sector?
| PT Market | 2.25% | |
| Telecom | -2.16% | |
| Entertainment | 1.60% | |
| Wireless Telecom | 0.68% | |
| Media | -1.53% | |
| Telecom Services and Carriers | -3.78% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Entertainment industry, which is trading below its 3-year average of 10.7x.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 1.1% over the next 5 years.
- This is better than its past earnings decline of 48% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SNC Sonaecom SGPS | €2.96 | 0.7% +€6.1m | 17.5% | PE15.2x | |
| SCP Sporting Clube de Portugal - Futebol SAD | €0.99 | 2.6% +€5.0m | -0.5% | PE5.4x | |
| SLBEN Sport Lisboa e Benfica - Futebol SAD | €6.74 | 0.6% +€920.0k | 23.4% | PE4.5x |