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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies4
  • 7D1.7%
  • 3M3.5%
  • 1Y53.0%
  • YTD-0.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.7%, driven by a pullback from Blu Label Unlimited Group of 9.2%. In the past year, the industry has gained 48%. Looking forward, earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026R39.5bR61.9bR558.9m109.9x70.6x0.6x
Fri, 20 Feb 2026R39.0bR58.8bR6.0b8.5x6.5x0.7x
Sun, 18 Jan 2026R40.1bR58.8bR6.0b8.6x6.7x0.7x
Tue, 16 Dec 2025R36.6bR58.8bR6.0b7.7x6.2x0.6x
Thu, 13 Nov 2025R35.1bR58.0bR5.2b8.8x6.8x0.6x
Sat, 11 Oct 2025R38.3bR58.0bR5.2b9.8x7.4x0.7x
Mon, 08 Sep 2025R37.5bR58.0bR5.2b9.2x7.2x0.6x
Wed, 06 Aug 2025R41.5bR58.2bR3.4b22.7x12.4x0.7x
Fri, 04 Jul 2025R39.4bR58.2bR3.4b20x11.7x0.7x
Sun, 01 Jun 2025R30.3bR57.3bR2.2b14.7x13.8x0.5x
Tue, 29 Apr 2025R26.9bR57.3bR2.2b12.2x12.3x0.5x
Thu, 27 Mar 2025R25.8bR57.3bR2.2b11.5x11.8x0.4x
Sat, 22 Feb 2025R24.8bR57.3bR2.2b11x11.3x0.4x
Mon, 20 Jan 2025R21.6bR57.6bR2.2b9.7x9.8x0.4x
Wed, 18 Dec 2024R22.8bR57.6bR2.2b10.2x10.4x0.4x
Fri, 15 Nov 2024R19.2bR57.0bR2.1b9.1x9x0.3x
Sun, 13 Oct 2024R18.8bR57.0bR2.1b9.5x8.8x0.3x
Tue, 10 Sep 2024R18.3bR57.0bR2.1b9.5x8.6x0.3x
Thu, 08 Aug 2024R15.7bR59.2bR2.2b9.3x7x0.3x
Sat, 06 Jul 2024R15.4bR59.2bR2.2b9.2x6.9x0.3x
Mon, 03 Jun 2024R16.2bR60.4b-R8,873,611,326.0017.2x-1.8x0.3x
Wed, 01 May 2024R16.2bR60.4b-R8,873,611,326.0016x-1.8x0.3x
Fri, 29 Mar 2024R19.5bR60.4b-R8,874,561,582.0016.4x-2.2x0.3x
Sun, 25 Feb 2024R17.5bR62.6b-R9,357,918,582.0016.5x-1.9x0.3x
Tue, 23 Jan 2024R18.6bR62.6b-R9,357,802,582.0017.1x-2x0.3x
Thu, 21 Dec 2023R18.0bR62.6b-R9,357,802,582.0017.4x-1.9x0.3x
Sat, 18 Nov 2023R15.4bR62.1b-R9,612,978,582.0017.7x-1.6x0.2x
Mon, 16 Oct 2023R14.4bR62.1b-R9,614,331,844.0015.6x-1.5x0.2x
Wed, 13 Sep 2023R14.8bR62.1b-R9,615,133,713.009.5x-1.5x0.2x
Fri, 11 Aug 2023R17.9bR61.7b-R9,504,797,687.006.1x-1.9x0.3x
Sun, 09 Jul 2023R17.4bR62.1b-R9,504,797,687.006.2x-1.8x0.3x
Tue, 06 Jun 2023R17.4bR61.3bR2.4b7x7.3x0.3x
Thu, 04 May 2023R21.2bR61.2bR2.4b8.7x8.8x0.3x
Sat, 01 Apr 2023R21.9bR61.2bR2.4b8.8x9.1x0.4x
Price to Earnings Ratio

9.1x


Total Market Cap: R21.9bTotal 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 6.8x202420252026
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 68.1x which is higher than its 3-year average PE of 6.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.41x.
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 Market-5.08%
Telecom0.33%
Telecom Services and Carriers1.74%
Integrated Telecom Services1.75%
Alternative Carriers0%0
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 6.6x.
    • Analysts are expecting annual earnings growth of 8.6%, 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 8.6% over the next 5 years.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.6% 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
TKG Telkom SA SOCR63.554.7%
+R1.4b		70.9%PE9x

Latest News

TKG
R63.55
Telkom SA SOC
7D
4.7%
1Y
70.9%

TKG: Higher Required Returns And Rich P/E Will Limit Future Upside

Analysts have raised their price target on Telkom SA SOC from ZAR51.00 to ZAR54.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind the revision. Valuation Changes Fair Value: revised from ZAR51.00 to ZAR54.00, reflecting a modest uplift in the estimated equity value per share.
BLU
R8.68
Blu Label Unlimited Group
7D
-7.2%
1Y
11.3%