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Singaporean (SGX) Telecom Sector Analysis

UpdatedAug 26, 2025
DataAggregated Company Financials
Companies20
  • 7D3.3%
  • 3M9.6%
  • 1Y41.7%
  • YTD33.2%

Over the last 7 days, the Telecom industry has risen 3.3%, driven by gains from Singapore Telecommunications of 3.3%. In the last 12 months, the industry was up 42%. In the next few years, earnings are forecast to decline by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Aug 2025S$76.8bS$18.0bS$6.3b14.3x12.1x4.3x
Thu, 24 Jul 2025S$74.8bS$18.0bS$4.2b14.1x17.7x4.2x
Sat, 21 Jun 2025S$70.0bS$17.9bS$4.3b13.6x16.5x3.9x
Mon, 19 May 2025S$69.2bS$17.9bS$979.3m14.1x70.7x3.9x
Wed, 16 Apr 2025S$65.4bS$17.9bS$978.7m13.6x66.8x3.6x
Fri, 14 Mar 2025S$61.6bS$17.9bS$977.9m13.8x63x3.4x
Sun, 09 Feb 2025S$60.7bS$18.1b-S$496,250,919.8317.3x-122.3x3.3x
Tue, 07 Jan 2025S$57.4bS$18.1b-S$500,075,309.4819.5x-114.8x3.2x
Thu, 05 Dec 2024S$58.7bS$18.1b-S$498,276,583.1919.4x-117.9x3.2x
Sat, 02 Nov 2024S$57.7bS$18.1bS$643.6m16.5x89.7x3.2x
Mon, 30 Sep 2024S$59.7bS$18.1bS$649.5m16.4x91.9x3.3x
Wed, 28 Aug 2024S$54.2bS$18.1bS$647.1m16.1x83.7x3x
Fri, 26 Jul 2024S$56.4bS$18.3bS$284.8m17.3x198.1x3.1x
Sun, 23 Jun 2024S$49.9bS$18.3bS$280.7m18.4x177.7x2.7x
Tue, 21 May 2024S$46.3bS$18.5bS$2.6b12.7x17.8x2.5x
Thu, 18 Apr 2024S$44.7bS$18.5bS$2.6b12.4x17.2x2.4x
Sat, 16 Mar 2024S$47.5bS$18.5bS$2.6b13.1x18.2x2.6x
Mon, 12 Feb 2024S$45.2bS$18.2bS$3.4b12.6x13.1x2.5x
Wed, 10 Jan 2024S$46.0bS$18.2bS$3.4b13x13.7x2.5x
Fri, 08 Dec 2023S$44.5bS$18.2bS$3.4b12.4x13.2x2.4x
Sun, 05 Nov 2023S$46.6bS$18.1bS$2.2b19.4x20.8x2.6x
Tue, 03 Oct 2023S$46.5bS$18.1bS$2.2b19.4x20.8x2.6x
Thu, 31 Aug 2023S$45.2bS$18.1bS$2.2b18.7x20.2x2.5x
Sat, 29 Jul 2023S$50.2bS$18.2bS$2.4b25.2x21.2x2.8x
Mon, 26 Jun 2023S$47.5bS$18.2bS$2.4b24.6x20x2.6x
Wed, 24 May 2023S$48.5bS$18.3bS$2.1b26.6x23.2x2.6x
Fri, 21 Apr 2023S$48.5bS$18.3bS$2.1b26.8x23.2x2.6x
Sun, 19 Mar 2023S$46.2bS$18.3bS$2.1b20.4x22.1x2.5x
Tue, 14 Feb 2023S$47.5bS$18.3bS$2.4b12.9x19.9x2.6x
Thu, 12 Jan 2023S$46.8bS$18.3bS$2.4b12.3x19.6x2.6x
Sat, 10 Dec 2022S$49.9bS$18.3bS$2.4b12.5x20.9x2.7x
Mon, 07 Nov 2022S$48.2bS$18.4bS$2.3b11.7x20.6x2.6x
Wed, 05 Oct 2022S$49.9bS$18.4bS$2.3b11.3x21.4x2.7x
Fri, 02 Sep 2022S$50.7bS$18.4bS$2.3b10x21.8x2.8x
Price to Earnings Ratio

21.8x


Total Market Cap: S$50.7bTotal Earnings: S$2.3bTotal Revenue: S$18.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Telecom Sector Price to Earnings3Y Average 30.3x202320242025
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 12.1x which is lower than its 3-year average PE of 30.3x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 40% 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 Market1.82%
Telecom3.28%
Media5.75%
Telecom Services and Carriers3.53%
Entertainment0.90%
Wireless Telecom-5.06%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 5.8x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 104% 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 16% 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
Z74 Singapore TelecommunicationsS$4.343.3%
+S$2.3b
50.2%PE11.5x
CJLU NetLink NBN TrustS$0.920.5%
+S$19.5m
5.1%PE37.6x
S7OU Asian Pay Television TrustS$0.106.1%
+S$10.8m
29.6%PE13.7x
UZF Dezign Format GroupS$0.3411.5%
+S$7.0m
n/aPE13.5x
WKS Winking StudiosS$0.276.0%
+S$6.6m
-11.7%PE167.1x

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