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  • ZA Market
  • /
  • Telecom

South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies4
  • 7D-2.4%
  • 3M-7.1%
  • 1Y-2.0%
  • YTD-9.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.3%, driven by a pullback from Telkom SA SOC of 3.2%. In contrast, Blu Label Unlimited Group has gained 6.5%. However, the industry is down 6.0% over the past year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Sep 2026R35.9bR58.7b-R1,309,203,702.007.8x-27.4x0.6x
Sun, 09 Aug 2026R35.3bR61.7bR660.7m7.7x53.5x0.6x
Tue, 07 Jul 2026R34.6bR61.7bR660.7m7.7x52.4x0.6x
Thu, 04 Jun 2026R37.3bR62.0bR647.7m8.8x57.6x0.6x
Sat, 02 May 2026R38.4bR61.9bR559.1m55.5x68.6x0.6x
Mon, 30 Mar 2026R39.0bR61.9bR558.9m109.9x69.8x0.6x
Wed, 25 Feb 2026R39.2bR58.8bR6.0b8.7x6.6x0.7x
Fri, 23 Jan 2026R40.4bR58.8bR6.0b8.9x6.8x0.7x
Sun, 21 Dec 2025R38.5bR58.8bR6.0b8.1x6.5x0.7x
Tue, 18 Nov 2025R35.6bR58.0bR5.2b9.1x6.8x0.6x
Thu, 16 Oct 2025R37.8bR58.0bR5.2b9.7x7.3x0.7x
Sat, 13 Sep 2025R36.7bR58.0bR5.2b8.9x7.1x0.6x
Mon, 11 Aug 2025R41.2bR58.2bR3.4b23.4x12.3x0.7x
Wed, 09 Jul 2025R39.9bR58.2bR3.4b19.6x11.9x0.7x
Fri, 06 Jun 2025R31.0bR57.2bR2.2b18.3x14.4x0.5x
Sun, 04 May 2025R28.1bR57.3bR2.2b12.6x12.8x0.5x
Tue, 01 Apr 2025R25.6bR57.3bR2.2b11.4x11.7x0.4x
Thu, 27 Feb 2025R25.3bR57.3bR2.2b11.3x11.5x0.4x
Sat, 25 Jan 2025R22.3bR57.6bR2.2b9.7x10.1x0.4x
Mon, 23 Dec 2024R22.2bR57.6bR2.2b10x10.1x0.4x
Wed, 20 Nov 2024R20.6bR57.6bR2.2b9.4x9.4x0.4x
Fri, 18 Oct 2024R18.7bR57.0bR2.1b9.5x8.8x0.3x
Sun, 15 Sep 2024R18.3bR57.0bR2.1b10x8.6x0.3x
Tue, 13 Aug 2024R15.7bR59.2bR2.2b9x7x0.3x
Thu, 11 Jul 2024R16.2bR59.2bR2.2b9.3x7.3x0.3x
Sat, 08 Jun 2024R15.9bR60.5b-R8,873,660,051.0016.9x-1.8x0.3x
Mon, 06 May 2024R16.4bR60.4b-R8,873,611,326.0016x-1.8x0.3x
Wed, 03 Apr 2024R19.0bR60.4b-R8,873,611,326.0016.4x-2.1x0.3x
Fri, 01 Mar 2024R18.0bR60.4b-R8,874,561,582.0017x-2x0.3x
Sun, 28 Jan 2024R18.2bR62.6b-R9,357,802,582.0016.9x-1.9x0.3x
Tue, 26 Dec 2023R18.3bR62.6b-R9,357,802,582.0017.2x-2x0.3x
Thu, 23 Nov 2023R16.5bR62.6b-R9,312,978,582.0017.6x-1.8x0.3x
Sat, 21 Oct 2023R14.5bR62.1b-R9,612,978,582.0015.9x-1.5x0.2x
Mon, 18 Sep 2023R14.4bR62.1b-R9,616,486,975.009.3x-1.5x0.2x
  • Price to Earnings
  • Price to Sales
  • Median Price to Earnings
Price to Earnings Ratio

-1.5x


Mon, 18 Sep 2023
Total Market Cap: R14.4bTotal Earnings: -R9,616,486,975.00Total Revenue: R62.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Telecom Services and Carriers Industry Price to Earnings3Y Average 14.6x202420252026
Current Industry PE
  • Investors are optimistic on the South African Telecom industry, and appear confident in long term growth rates.
  • The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have improved over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.

Industry Trends

Which industries have driven the changes within the South African Telecom industry?

ZA Market-0.011%
Telecom0.56%
Telecom Services and Carriers-2.40%
Alternative Carriers0%0
Integrated Telecom Services-2.41%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 6.9x.
    • 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 Integrated Telecom Services industry, expecting annual earnings growth of 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Integrated Telecom Services 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
No data available

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Latest News

BLU
R8.57
Blu Label Unlimited Group
7D
-1.9%
1Y
-34.0%
TKG
R53.74
Telkom SA SOC
7D
-5.9%
1Y
9.6%