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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies4
  • 7D-2.6%
  • 3M-5.7%
  • 1Y47.2%
  • YTD-4.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.4%, driven by Telkom SA SOC declining 3.7%. Over the past 12 months, the industry was up 47%. As for the next few years, earnings are expected to grow by 8.8% per annum.

Industry Valuation and Performance

Has the South African Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026R37.9bR61.9bR559.1m81.8x67.7x0.6x
Sat, 14 Mar 2026R38.1bR61.9bR558.9m109.6x68.1x0.6x
Mon, 09 Feb 2026R37.7bR58.8bR6.0b8.1x6.3x0.6x
Wed, 07 Jan 2026R39.3bR58.8bR6.0b8.4x6.6x0.7x
Fri, 05 Dec 2025R34.8bR58.8bR6.0b7.2x5.8x0.6x
Sun, 02 Nov 2025R35.7bR58.0bR5.2b8.7x6.9x0.6x
Tue, 30 Sep 2025R35.7bR58.0bR5.2b8.9x6.9x0.6x
Thu, 28 Aug 2025R37.2bR58.4bR5.2b9x7.1x0.6x
Sat, 26 Jul 2025R43.1bR58.2bR3.4b21.9x12.9x0.7x
Mon, 23 Jun 2025R35.0bR58.2bR3.4b19.5x10.4x0.6x
Wed, 21 May 2025R28.7bR57.3bR2.2b13.5x13.1x0.5x
Fri, 18 Apr 2025R25.5bR57.3bR2.2b11.4x11.6x0.4x
Sun, 16 Mar 2025R24.1bR57.3bR2.2b10.9x11x0.4x
Tue, 11 Feb 2025R24.3bR57.6bR2.2b10.5x11x0.4x
Thu, 09 Jan 2025R21.6bR57.6bR2.2b9.7x9.8x0.4x
Sat, 07 Dec 2024R23.0bR57.6bR2.2b10.1x10.4x0.4x
Mon, 04 Nov 2024R18.8bR57.0bR2.1b9.5x8.8x0.3x
Wed, 02 Oct 2024R18.0bR57.0bR2.1b9.6x8.4x0.3x
Fri, 30 Aug 2024R19.1bR59.2bR2.2b9.8x8.5x0.3x
Sun, 28 Jul 2024R15.9bR59.2bR2.2b9.1x7.1x0.3x
Tue, 25 Jun 2024R15.8bR59.2bR2.2b9.5x7.1x0.3x
Thu, 23 May 2024R16.6bR60.4b-R8,873,611,326.0017.1x-1.9x0.3x
Sat, 20 Apr 2024R16.6bR60.4b-R8,873,611,326.0016x-1.9x0.3x
Mon, 18 Mar 2024R16.7bR60.4b-R8,874,561,582.0015.9x-1.9x0.3x
Wed, 14 Feb 2024R17.1bR62.6b-R9,357,802,582.0017.1x-1.8x0.3x
Fri, 12 Jan 2024R18.8bR62.6b-R9,357,802,582.0017.3x-2x0.3x
Sun, 10 Dec 2023R16.6bR62.6b-R9,357,802,582.0017.2x-1.8x0.3x
Tue, 07 Nov 2023R15.1bR62.1b-R9,612,978,582.0016.6x-1.6x0.2x
Thu, 05 Oct 2023R14.2bR62.1b-R9,614,331,844.0017.1x-1.5x0.2x
Sat, 02 Sep 2023R16.3bR61.7b-R9,504,797,687.005.4x-1.7x0.3x
Mon, 31 Jul 2023R17.7bR61.7b-R9,504,797,687.006x-1.9x0.3x
Wed, 28 Jun 2023R18.8bR62.1b-R9,504,797,687.006.4x-2x0.3x
Fri, 26 May 2023R17.1bR61.2bR2.4b6.8x7.1x0.3x
Sun, 23 Apr 2023R21.0bR61.2bR2.4b8.6x8.7x0.3x
Price to Earnings Ratio

8.7x


Total Market Cap: R21.0bTotal Earnings: R2.4bTotal Revenue: R61.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Telecom Services and Carriers Industry Price to Earnings3Y Average 8x202420252026
Current Industry PE
  • Investors are optimistic on the South African Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 68.3x which is higher than its 3-year average PE of 8.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 39% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 South African Telecom industry?

ZA Market0.80%
Telecom-0.94%
Telecom Services and Carriers-2.57%
Alternative Carriers7.52%
Integrated Telecom Services-2.67%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 7.6x.
    • Analysts are expecting annual earnings growth of 8.8%, which is lower than the prior year's growth of 133.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.8% over the next 5 years.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.8% 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
BLU Blu Label Unlimited GroupR8.791.7%
+R136.2m		17.2%PS0.5x
HUG Huge GroupR1.5011.1%
+R25.9m		-23.1%PS10.6x

Latest News

TKG
R59.14
Telkom SA SOC
7D
-3.8%
1Y
59.4%

TKG: Stable Outlook As Margin Assumptions Rise But P/E Expectations Ease

Analysts have kept their ZAR54.00 price target for Telkom SA SOC unchanged, citing small adjustments to discount rate and revenue growth assumptions, along with a higher expected profit margin and a lower future P/E as key drivers of their updated view. What's in the News Telkom SA SOC Ltd has scheduled a Board meeting for Mar 27, 2026, focused on considering various changes to its Board Committees with effect from May 1, 2026 (Key Developments).
BLU
R8.79
Blu Label Unlimited Group
7D
1.7%
1Y
17.2%
HUG
R1.50
Huge Group
7D
11.1%
1Y
-23.1%