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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$53.4B
P / E23.8×
P / S2.4×
P / B4.2×
Net margin10.0%
Net debtA$17.5B
Enterprise value USD$49.9B
Earnings yield EBIT/EV4.8%
Return on capital10%
Graham number -53.2%A$2.25

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$2.25); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.60% 7.20% 9.60% 10.00% 2023202420252026
Gross margin (%)
61.90% 62.50% 63.90% 65.10% 2023202420252026
Operating margin (%)
12.30% 12.20% 14.60% 15.00% 2023202420252026
Return on equity (%)
12.50% 10.90% 15.60% 17.80% 2023202420252026
Shares outstanding
11.14B 11.14B 11.14B 11.14B 2023202420252026
Net debt (A$)
A$14.93B A$15.92B A$16.98B A$17.50B 2023202420252026
Share buybacks (A$)
A$19.0M A$769.0M A$1.28B 2023202420252026
Return on assets (%)
4.30% 3.60% 4.80% 5.10% 2023202420252026
Free cash flow margin (%)
2023202420252026
Debt / equity (×)
1.03× 1.14× 1.29× 1.48× 2023202420252026
EPS (A$)
A$0.17 A$0.14 A$0.19 A$0.20 2023202420252026

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 24.2× earnings — near its 10-year norm (10-year range 25.2×–28.1×, median 26.4×).

24.2× 28.1×

Shaded band = 10-year range (25.2×–28.1×); dot = today's 24.2×.

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)

RatioFY2026FY2025FY2024FY2023
Gross margin65.1%63.9%62.5%61.9%
Operating margin15.0%14.6%12.2%12.3%
Net margin10.0%9.6%7.2%8.6%
Return on assets5.1%4.8%3.6%4.3%
Return on equity17.8%15.6%10.9%12.5%
Debt / equity0.98×0.76×0.68×0.65×
Current ratio0.600.560.530.67

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