TPG Telecom Ltd Ordinary Shares TPG

Stock XASX Rating as of Oct 1, 2026

A$3.83 +0.02 (0.39%)

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As of Oct 2, 2026, 4:33:21 AM Delayed Price Open

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TPG Telecom on Track To Deliver on Full-Year Promises

Brian Han Aug 21, 2026

The 2020 merger with Vodafone Australia (the third-ranked mobile player in the country) is one way TPG Telecom is trying to reduce the impact of the NBN on its fixed-line broadband business. Mobile offers a critical strategic path to future-proof the group in the face of an onslaught from the NBN.

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Price vs Fair Value

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TPG is trading at a LOCK|&L?R#MX premium.

Price

A$3.81

Oct 1, 2026

Fair Value

v.G

Nov 18, 2025

Uncertainty

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1-Star Price: LOCK|%J
5-Star Price: LOCK|wR
Economic Moat: LOCK|?f%
Capital Allocation: LOCK|!%s^Fq!

Bulls Say, Bears Say

Bulls

Cross-selling opportunities remain for both consumer and corporate markets.

Bears

TPG Telecom's service levels are seen as less attractive than some peers. Market share gains have been driven by pricing.

Trading Information

Previous Close Price: A$3.81
Day Range: A$3.79–3.84
52-Week Range: A$3.47–5.85
Bid/Ask: A$3.82 / A$3.83
Shares Outstanding: 1.96B
Market Cap: A$7.51B
Volume/Avg: 575,210 / 3M

Key Statistics

Price/Earnings (Normalized): 59.54
Price/Sales: 1.46
Dividend Yield (Trailing): 4.99%
Dividend Yield (Forward): 5.25%
Dividend Payment Schedule: Apr, Sep, Oct
Total Yield: 37.78%

Company Profile

TPG Telecom is Australia's third-largest telecom services operator. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.

Sector: Communication Services
Industry: Telecom Services
Stock Style Box: Mid Value
Total Number of Employees: 939
Website: https://www.tpgtelecom.com.au

Competitors

Valuation

Metric	TPG	SPK	TLS
Price/Earnings (Normalized)	59.54	18.34	24.43
Price/Book Value	0.88	2.21	4.26
Price/Sales	1.46	0.95	2.41
Price/Cash Flow	3.69	3.31	8.10

Price/Earnings

TPG

SPK

TLS

Financial Strength

Metric	TPG	SPK	TLS
Quick Ratio	0.37	0.92	0.43
Current Ratio	0.51	1.37	0.60
Interest Coverage	0.95	4.03	4.24

Quick Ratio

TPG

SPK

TLS

Profitability

Metric	TPG	SPK	TLS
Return on Assets (Normalized)	0.63%	5.11%	6.45%
Return on Equity (Normalized)	1.06%	14.93%	21.67%
Return on Invested Capital (Normalized)	2.21%	5.95%	8.21%

Return on Assets

TPG

SPK

TLS

Telecom Services Industry Comparables

Screen With Investor

Name	Capital Allocation	Economic Moat	Market Cap
Verizon Communications Inc VZ	LOCK\|$jvRz!!	LOCK\|W#$z>	$191B
T-Mobile US Inc TMUS	LOCK\|D>cQxG@N	LOCK\|%#sg	$173B
AT&T Inc T	LOCK\|B@	LOCK\|%fpRk	$167B
Deutsche Telekom AG ADR DTEGY	LOCK\|ZcS@KY%	LOCK\|s?ZmT	$141B
Comcast Corp Class A CMCSA	LOCK\|QbH@^G	LOCK\|ClC<	$77B
KDDI Corp ADR KDDIY	LOCK\|b>dJ@g	LOCK\|&ZY&	$69B
America Movil SAB de CV ADR - Series B AMX	LOCK\|?y@nJq&	LOCK\|!r@?	$63B
Orange SA ADR ORANY	LOCK\|<VvN#p	LOCK\|%!S	$42B
Vodafone Group PLC ADR VOD	LOCK\|#P$?#Tl	LOCK\|<k	$38B
EchoStar Corp Class A ECHO	LOCK\|B!#	LOCK\|#P^	$26B