Narrative Update • May 19

Over the last 7 days, the Wireless Telecom Services industry has dropped 6.2%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 52%. As for the next few years, earnings are expected to grow by 43% per annum.
Has the U.K. Wireless Telecom Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 May 2026 | UK£37.8b | UK£39.7b | UK£255.6m | 24x | 147.7x | 1x |
| Mon, 20 Apr 2026 | UK£39.4b | UK£38.2b | -UK£3,403,770,258.53 | 32.7x | -11.6x | 1x |
| Wed, 18 Mar 2026 | UK£39.5b | UK£38.0b | -UK£3,369,964,383.00 | 34.4x | -11.7x | 1x |
| Fri, 13 Feb 2026 | UK£39.3b | UK£38.2b | -UK£3,407,314,767.34 | 30.6x | -11.5x | 1x |
| Sun, 11 Jan 2026 | UK£37.1b | UK£37.8b | -UK£3,422,358,564.03 | 36.3x | -10.8x | 1x |
| Tue, 09 Dec 2025 | UK£33.7b | UK£38.0b | -UK£3,440,942,593.57 | 30.7x | -9.8x | 0.9x |
| Thu, 06 Nov 2025 | UK£31.6b | UK£37.2b | -UK£3,272,705,676.73 | 28.6x | -9.7x | 0.8x |
| Sat, 04 Oct 2025 | UK£29.0b | UK£36.5b | -UK£3,359,313,862.02 | 34.7x | -8.6x | 0.8x |
| Mon, 01 Sep 2025 | UK£29.4b | UK£36.3b | -UK£3,338,415,265.98 | 32.3x | -8.8x | 0.8x |
| Wed, 30 Jul 2025 | UK£27.4b | UK£36.3b | -UK£3,333,045,862.63 | 28.5x | -8.2x | 0.8x |
| Fri, 27 Jun 2025 | UK£25.5b | UK£35.5b | -UK£3,374,994,101.71 | 40.4x | -7.6x | 0.7x |
| Sun, 25 May 2025 | UK£25.7b | UK£35.1b | -UK£3,318,097,041.80 | 40.5x | -7.7x | 0.7x |
| Tue, 22 Apr 2025 | UK£23.6b | UK£35.3b | UK£2.1b | 70.8x | 11.4x | 0.7x |
| Thu, 20 Mar 2025 | UK£24.6b | UK£34.7b | UK£2.0b | 67.9x | 12.1x | 0.7x |
| Sat, 15 Feb 2025 | UK£22.2b | UK£34.6b | UK£2.0b | 60.5x | 11x | 0.6x |
| Mon, 13 Jan 2025 | UK£21.1b | UK£34.9b | UK£1.9b | 8.5x | 11x | 0.6x |
| Wed, 11 Dec 2024 | UK£22.0b | UK£34.2b | UK£1.9b | 9.3x | 11.7x | 0.6x |
| Fri, 08 Nov 2024 | UK£22.3b | UK£34.2b | UK£941.3m | 18.7x | 23.7x | 0.7x |
| Sun, 06 Oct 2024 | UK£23.5b | UK£34.3b | UK£1.0b | 236.3x | 23.1x | 0.7x |
| Tue, 03 Sep 2024 | UK£24.2b | UK£34.6b | UK£1.0b | 246.7x | 23.6x | 0.7x |
| Thu, 01 Aug 2024 | UK£23.5b | UK£34.7b | UK£1.0b | 237.3x | 22.9x | 0.7x |
| Sat, 29 Jun 2024 | UK£23.1b | UK£35.1b | UK£890.6m | 18.3x | 26x | 0.7x |
| Mon, 27 May 2024 | UK£24.4b | UK£35.2b | UK£896.7m | 19.3x | 27.2x | 0.7x |
| Wed, 24 Apr 2024 | UK£23.0b | UK£42.6b | UK£9.2b | 20.1x | 2.5x | 0.5x |
| Fri, 22 Mar 2024 | UK£21.9b | UK£42.5b | UK£9.2b | 18.3x | 2.4x | 0.5x |
| Sun, 18 Feb 2024 | UK£21.4b | UK£42.4b | UK£9.1b | 18x | 2.3x | 0.5x |
| Tue, 16 Jan 2024 | UK£23.1b | UK£42.7b | UK£9.3b | 11x | 2.5x | 0.5x |
| Thu, 14 Dec 2023 | UK£22.0b | UK£42.8b | UK£9.3b | 9.7x | 2.4x | 0.5x |
| Sat, 11 Nov 2023 | UK£24.9b | UK£44.3b | UK£10.6b | 9.3x | 2.4x | 0.6x |
| Mon, 09 Oct 2023 | UK£24.8b | UK£43.9b | UK£10.5b | 9.5x | 2.4x | 0.6x |
| Wed, 06 Sep 2023 | UK£24.2b | UK£43.3b | UK£10.4b | 9.2x | 2.3x | 0.6x |
| Fri, 04 Aug 2023 | UK£23.9b | UK£43.6b | UK£10.5b | 9.2x | 2.3x | 0.5x |
| Sun, 02 Jul 2023 | UK£24.0b | UK£43.4b | UK£10.7b | 4.9x | 2.2x | 0.6x |
| Tue, 30 May 2023 | UK£25.9b | UK£44.0b | UK£10.8b | 5.2x | 2.4x | 0.6x |
2.4x
How does U.K. Wireless Telecom Services compare with similar industries?
| GB Market | 2.49% | |
| Telecom | 1.18% | |
| Wireless Telecom | 0.75% | |
| Wireless Telecom Services | 0.75% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AAF Airtel Africa | UK£3.33 | 1.3% +UK£153.1m | 85.2% | PE24x | |
| VOD Vodafone Group | UK£1.11 | 0.5% +UK£126.6m | 44.4% | PS0.7x |