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Singaporean (SGX) Telecom Sector Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies17
  • 7D-0.6%
  • 3M2.3%
  • 1Y41.4%
  • YTD41.4%

In the last week, Telecom has been flat. The past year has been better, since the industry has gained 41% in that time. As for the next few years, earnings are forecast to decline by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025S$81.3bS$17.7bS$6.3b14.2x12.8x4.6x
Sun, 16 Nov 2025S$86.9bS$17.7bS$6.3b14.8x13.7x4.9x
Tue, 14 Oct 2025S$76.7bS$18.0bS$6.3b14.8x12.3x4.3x
Thu, 11 Sep 2025S$78.5bS$18.0bS$6.3b14.6x12.5x4.4x
Sat, 09 Aug 2025S$72.3bS$18.0bS$4.2b14.7x17.2x4x
Mon, 07 Jul 2025S$70.2bS$17.9bS$4.3b13.9x16.5x3.9x
Wed, 04 Jun 2025S$69.5bS$17.9bS$4.3b13.7x16.3x3.9x
Fri, 02 May 2025S$68.9bS$17.9bS$982.7m13.4x70.1x3.8x
Sun, 30 Mar 2025S$63.1bS$17.9bS$977.8m13.5x64.5x3.5x
Tue, 25 Feb 2025S$60.6bS$18.2bS$357.6m19.5x169.5x3.3x
Thu, 23 Jan 2025S$57.3bS$18.1b-S$496,379,008.8616.9x-115.4x3.2x
Sat, 21 Dec 2024S$58.0bS$18.1b-S$499,877,711.0619.2x-115.9x3.2x
Mon, 18 Nov 2024S$58.7bS$18.1b-S$497,851,196.6019.1x-117.8x3.2x
Wed, 16 Oct 2024S$58.9bS$18.1bS$645.7m16.4x91.2x3.2x
Fri, 13 Sep 2024S$60.9bS$18.1bS$646.2m16.4x94.2x3.4x
Sun, 11 Aug 2024S$54.6bS$18.3bS$273.4m16.2x199.8x3x
Tue, 09 Jul 2024S$53.2bS$18.3bS$282.1m16.8x188.6x2.9x
Thu, 06 Jun 2024S$48.0bS$18.3bS$267.8m20.9x179.4x2.6x
Sat, 04 May 2024S$45.7bS$18.5bS$2.6b13.9x17.5x2.5x
Mon, 01 Apr 2024S$48.3bS$18.5bS$2.6b13.4x18.5x2.6x
Wed, 28 Feb 2024S$45.0bS$18.1bS$3.4b12.7x13.3x2.5x
Fri, 26 Jan 2024S$46.0bS$18.2bS$3.4b12.8x13.7x2.5x
Sun, 24 Dec 2023S$46.9bS$18.2bS$3.4b12.8x13.9x2.6x
Tue, 21 Nov 2023S$44.3bS$18.2bS$3.4b11.9x13.2x2.4x
Thu, 19 Oct 2023S$45.6bS$18.1bS$2.2b19x20.3x2.5x
Sat, 16 Sep 2023S$45.3bS$18.1bS$2.2b18.7x20.2x2.5x
Mon, 14 Aug 2023S$46.5bS$18.2bS$2.4b22x19.5x2.6x
Wed, 12 Jul 2023S$47.4bS$18.2bS$2.4b24.8x20x2.6x
Fri, 09 Jun 2023S$46.8bS$18.2bS$2.4b24.4x19.7x2.6x
Sun, 07 May 2023S$49.2bS$18.3bS$2.1b27x23.5x2.7x
Tue, 04 Apr 2023S$47.5bS$18.3bS$2.1b21x22.7x2.6x
Thu, 02 Mar 2023S$46.1bS$18.3bS$2.1b16.2x21.9x2.5x
Sat, 28 Jan 2023S$48.7bS$18.3bS$2.4b13.2x20.3x2.7x
Mon, 26 Dec 2022S$48.8bS$18.3bS$2.4b12.5x20.4x2.7x
Price to Earnings Ratio

20.4x


Total Market Cap: S$48.8bTotal Earnings: S$2.4bTotal Revenue: S$18.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Telecom Sector Price to Earnings3Y Average 29.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Singaporean 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 12.8x which is lower than its 3-year average PE of 29.5x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 38% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Singaporean Telecom sector?

SG Market0.80%
Telecom-0.63%
Wireless Telecom0.034%
Entertainment-0.22%
Media-0.32%
Telecom Services and Carriers-0.65%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry even though it's trading below its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 17.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 15% 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
S7OU Asian Pay Television TrustS$0.101.0%
+S$1.8m
32.1%PE9.3x
BAI Digilife TechnologiesS$0.8014.3%
+S$1.3m
-28.6%PS0.8x

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