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South African (JSE) Telecom Sector Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies11
  • 7D3.5%
  • 3M12.7%
  • 1Y37.4%
  • YTD18.2%

Over the last 7 days, the Telecom industry has risen 3.5%, driven by gains from MTN Group of 6.3%. This takes the industry's 12 month performance to a gain of 37%. Looking forward, earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

Has the South African Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026R767.0bR481.7bR48.1b8.2x15.9x1.6x
Tue, 12 May 2026R754.3bR481.9bR48.0b8.1x15.7x1.6x
Thu, 09 Apr 2026R718.2bR474.5bR46.2b8.3x15.5x1.5x
Sat, 07 Mar 2026R719.5bR454.5bR33.5b8.9x21.5x1.6x
Mon, 02 Feb 2026R692.5bR436.0bR33.2b8.2x20.8x1.6x
Wed, 31 Dec 2025R637.9bR436.0bR33.2b8x19.2x1.5x
Fri, 28 Nov 2025R652.8bR486.8bR34.4b8.2x19x1.3x
Sun, 26 Oct 2025R665.0bR478.0bR31.4b9.3x21.2x1.4x
Tue, 23 Sep 2025R605.4bR478.0bR31.4b9.2x19.3x1.3x
Thu, 21 Aug 2025R661.0bR478.0bR29.7b16.5x22.3x1.4x
Sat, 19 Jul 2025R638.9bR459.8bR12.5b13.4x50.9x1.4x
Mon, 16 Jun 2025R589.7bR459.8bR12.5b11.7x47x1.3x
Wed, 14 May 2025R503.9bR407.2bR8.4b10.2x60.1x1.2x
Fri, 11 Apr 2025R458.0bR407.2bR8.4b9.1x54.7x1.1x
Sun, 09 Mar 2025R466.4bR417.8bR10.5b9.2x44.3x1.1x
Tue, 04 Feb 2025R449.2bR418.2bR10.5b8.2x42.9x1.1x
Thu, 02 Jan 2025R391.5bR418.2bR10.5b8.5x37.4x0.9x
Sat, 30 Nov 2024R370.1bR418.2bR10.5b8x35.4x0.9x
Mon, 28 Oct 2024R399.7bR416.7bR11.9b8.5x33.5x1x
Wed, 25 Sep 2024R414.7bR416.7bR11.9b8.3x34.8x1x
Fri, 23 Aug 2024R401.2bR419.1bR12.0b7.7x33.5x1x
Sun, 21 Jul 2024R336.7bR441.3bR23.5b7.7x14.3x0.8x
Tue, 18 Jun 2024R351.4bR442.5bR12.4b8.6x28.3x0.8x
Thu, 16 May 2024R359.5bR442.6bR12.4b11.2x29x0.8x
Sat, 13 Apr 2024R363.1bR430.2bR13.5b9.5x26.8x0.8x
Mon, 11 Mar 2024R352.8bR431.7bR30.0b7.3x11.8x0.8x
Wed, 07 Feb 2024R379.6bR434.1bR29.6b10x12.8x0.9x
Fri, 05 Jan 2024R431.2bR434.1bR29.6b9.9x14.6x1x
Sun, 03 Dec 2023R397.8bR434.0bR29.6b10.5x13.5x0.9x
Tue, 31 Oct 2023R417.4bR473.6bR25.2b8.3x16.5x0.9x
Thu, 28 Sep 2023R461.1bR473.6bR25.2b7.9x18.3x1x
Sat, 26 Aug 2023R493.1bR473.0bR25.3b5.8x19.5x1x
Mon, 24 Jul 2023R520.1bR457.6bR24.1b6.9x21.6x1.1x
Wed, 21 Jun 2023R549.3bR458.0bR24.1b6.3x22.8x1.2x
Price to Earnings Ratio

22.8x


Total Market Cap: R549.3bTotal Earnings: R24.1bTotal Revenue: R458.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Telecom Sector Price to Earnings3Y Average 27.3x202420252026
Current Industry PE
  • Investors are pessimistic on the South African 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 15.9x which is lower than its 3-year average PE of 27.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 26% 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 South African Telecom sector?

ZA Market1.40%
Telecom3.46%
Wireless Telecom3.48%
Telecom Services and Carriers3.34%
Media2.00%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 11.1x.
    • Analysts are expecting annual earnings growth of 10.5%, which is lower than the prior year's growth of 115.4% per year.
  • Investors are most pessimistic about the Media industry, which is trading close to its 3-year average of 6.7x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 25% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 11% 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
MTN MTN GroupR225.056.3%
+R24.4b		69.8%PE20.4x
TKG Telkom SA SOCR60.843.8%
+R1.1b		40.8%PE8.6x
BLU Blu Label Unlimited GroupR8.632.0%
+R154.3m		-35.1%PS0.5x
EMH eMedia HoldingsR2.265.1%
+R70.3m		-21.5%PE5.8x
CAT Caxton and CTP Publishers and PrintersR12.111.0%
+R42.4m		2.2%PE7.3x

Latest News

VOD
R150.51
Vodacom Group
7D
-0.1%
1Y
11.4%
TKG
R60.84
Telkom SA SOC
7D
3.8%
1Y
40.8%
MTN
R225.05
MTN Group
7D
6.3%
1Y
69.8%
AME
R50.00
African Media Entertainment
7D
3.1%
1Y
0.2%
Analysis Article • Jun 05

Some May Be Optimistic About African Media Entertainment's (JSE:AME) Earnings

The market for African Media Entertainment Limited's ( JSE:AME ) shares didn't move much after it posted weak earnings...
HUG
R1.36
Huge Group
7D
-2.9%
1Y
-28.4%
EMH
R2.26
eMedia Holdings
7D
5.1%
1Y
-21.5%
BLU
R8.63
Blu Label Unlimited Group
7D
2.0%
1Y
-35.1%
CAT
R12.11
Caxton and CTP Publishers and Printers
7D
1.0%
1Y
2.2%