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Telstra Group Limited TLS.AX

AU · Australian Securities Exchange · XASX · stock · Communication Services · website

Telstra Group Limited statistics & valuation

Market capA$53.2B
P / E24.5×
P / S2.3×
P / B3.8×
Dividend yield4.36%
Net margin9.6%
Return on equity15.6%
Net debtA$17.0B
Enterprise value USD$50.1B
Earnings yield EBIT/EV4.7%
Return on capital9.9%
Graham number -52.5%A$2.30

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (A$2.30); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.10% 8.60% 7.20% 9.60% 2022202320242025
Gross margin (%)
60.70% 61.90% 62.50% 63.90% 2022202320242025
Operating margin (%)
9.80% 12.30% 12.20% 14.60% 2022202320242025
Return on equity (%)
11.00% 12.50% 10.90% 15.60% 2022202320242025
Shares outstanding
11.14B 11.14B 11.14B 11.14B 2022202320242025
Net debt (A$)
A$13.23B A$14.93B A$15.92B A$16.98B 2022202320242025
Share buybacks (A$)
A$1.35B A$19.0M A$769.0M 2022202320242025
Return on assets (%)
4.10% 4.30% 3.60% 4.80% 2022202320242025
Free cash flow margin (%)
2022202320242025
Debt / equity (×)
0.93× 1.03× 1.14× 1.29× 2022202320242025
EPS (A$)
A$0.14 A$0.17 A$0.14 A$0.19 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Telstra Group Limited trades at about 25.7× earnings — near its 10-year norm (10-year range 25.5×–28.1×, median 27.2×).

25.5× 28.1×

Shaded band = 10-year range (25.5×–28.1×); dot = today's 25.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin63.9%62.5%61.9%60.7%
Operating margin14.6%12.2%12.3%9.8%
Net margin9.6%7.2%8.6%8.1%
Return on assets4.8%3.6%4.3%4.1%
Return on equity15.6%10.9%12.5%11.0%
Debt / equity0.76×0.68×0.65×0.54×
Current ratio0.560.530.670.63

Computed from company filings · AU · as of 2025-06-30. Figures in AUD. Facts plus Stocktoria's own computed scores — not investment advice.