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TPG Telecom Valuation Multiples
Discover revenue and EBITDA valuation multiples for TPG Telecom and similar public comparables like SES, PCCW, Turkcell, United Internet and more.
TPG Telecom Overview
About TPG Telecom
TPG Telecom is Australia's third-largest telecom services company. It offers mobile, fixed-line broadband and telephony solutions. The group 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.
Founded
2001
HQ

Employees
3.3K
Website
Sectors
Financials (LTM)
EV
$9B
TPG Telecom Financials
TPG Telecom reported last 12-month revenue of $4B and EBITDA of $1B.
In the same LTM period, TPG Telecom generated $2B in gross profit, $1B in EBITDA, and $95M in net income.
Revenue (LTM)
TPG Telecom P&L
In the most recent fiscal year, TPG Telecom reported revenue of $4B and EBITDA of $1B.
TPG Telecom expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 53% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $95M | XXX | $331M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $925M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TPG Telecom Stock Performance
TPG Telecom has current market cap of $6B, and enterprise value of $9B.
Market Cap Evolution
TPG Telecom's stock price is $3.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $6B | 0.0% | XXX | XXX | XXX | $0.17 |
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Start Free TrialTPG Telecom Valuation Multiples
TPG Telecom trades at 2.5x EV/Revenue multiple, and 7.5x EV/EBITDA.
EV / Revenue (LTM)
TPG Telecom Financial Valuation Multiples
As of April 20, 2026, TPG Telecom has market cap of $6B and EV of $9B.
Equity research analysts estimate TPG Telecom's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TPG Telecom has a P/E ratio of 64.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.5x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBIT | 30.4x | XXX | 31.4x | XXX | XXX | XXX |
| EV/Gross Profit | 4.5x | XXX | 4.7x | XXX | XXX | XXX |
| P/E | 64.1x | XXX | 18.3x | XXX | XXX | XXX |
| EV/FCF | 11.3x | XXX | 8.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TPG Telecom Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


TPG Telecom Margins & Growth Rates
TPG Telecom's revenue in the last 12 month grew by 3%.
TPG Telecom's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.5M for the same period.
TPG Telecom's rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TPG Telecom's rule of X is 40% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
TPG Telecom Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TPG Telecom Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TPG Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| SES | XXX | XXX | XXX | XXX | XXX | XXX |
| PCCW | XXX | XXX | XXX | XXX | XXX | XXX |
| Turkcell | XXX | XXX | XXX | XXX | XXX | XXX |
| United Internet | XXX | XXX | XXX | XXX | XXX | XXX |
| Zegona Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TPG Telecom M&A Activity
TPG Telecom acquired XXX companies to date.
Last acquisition by TPG Telecom was on XXXXXXXX, XXXXX. TPG Telecom acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TPG Telecom
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTPG Telecom Investment Activity
TPG Telecom invested in XXX companies to date.
TPG Telecom made its latest investment on XXXXXXXX, XXXXX. TPG Telecom invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TPG Telecom
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TPG Telecom
| When was TPG Telecom founded? | TPG Telecom was founded in 2001. |
| Where is TPG Telecom headquartered? | TPG Telecom is headquartered in Australia. |
| How many employees does TPG Telecom have? | As of today, TPG Telecom has over 3K employees. |
| Who is the CEO of TPG Telecom? | TPG Telecom's CEO is Inaki Berroeta. |
| Is TPG Telecom publicly listed? | Yes, TPG Telecom is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of TPG Telecom? | TPG Telecom trades under TPG ticker. |
| When did TPG Telecom go public? | TPG Telecom went public in 2001. |
| Who are competitors of TPG Telecom? | TPG Telecom main competitors are SES, PCCW, Turkcell, United Internet. |
| What is the current market cap of TPG Telecom? | TPG Telecom's current market cap is $6B. |
| What is the current revenue of TPG Telecom? | TPG Telecom's last 12 months revenue is $4B. |
| What is the current revenue growth of TPG Telecom? | TPG Telecom revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of TPG Telecom? | Current revenue multiple of TPG Telecom is 2.5x. |
| Is TPG Telecom profitable? | Yes, TPG Telecom is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TPG Telecom? | TPG Telecom's last 12 months EBITDA is $1B. |
| What is TPG Telecom's EBITDA margin? | TPG Telecom's last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of TPG Telecom? | Current EBITDA multiple of TPG Telecom is 7.5x. |
| What is the current FCF of TPG Telecom? | TPG Telecom's last 12 months FCF is $798M. |
| What is TPG Telecom's FCF margin? | TPG Telecom's last 12 months FCF margin is 22%. |
| What is the current EV/FCF multiple of TPG Telecom? | Current FCF multiple of TPG Telecom is 11.3x. |
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