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U.S. Telecom Sector Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies492
  • 7D-1.6%
  • 3M-1.8%
  • 1Y34.2%
  • YTD-3.0%

In the last week, Telecom has been flat. As for the the longer term, the industry is up 33% over the past 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the U.S. Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026US$7.6tUS$1.7tUS$272.6b18.2x28x4.5x
Sun, 08 Feb 2026US$7.8tUS$1.7tUS$283.2b16.1x27.4x4.6x
Tue, 06 Jan 2026US$7.8tUS$1.6tUS$282.6b16.4x27.7x4.8x
Thu, 04 Dec 2025US$7.7tUS$1.6tUS$281.0b16.4x27.5x4.7x
Sat, 01 Nov 2025US$7.5tUS$1.6tUS$295.0b17.6x25.3x4.5x
Mon, 29 Sep 2025US$7.4tUS$1.6tUS$286.1b19.5x26x4.6x
Wed, 27 Aug 2025US$7.1tUS$1.6tUS$287.3b20.4x24.6x4.3x
Fri, 25 Jul 2025US$6.7tUS$1.6tUS$256.1b19.6x26.3x4.2x
Sun, 22 Jun 2025US$6.4tUS$1.6tUS$250.2b16.8x25.6x4x
Tue, 20 May 2025US$6.2tUS$1.6tUS$247.4b17.2x24.9x3.8x
Thu, 17 Apr 2025US$5.5tUS$1.6tUS$227.2b15.7x24x3.4x
Sat, 15 Mar 2025US$5.7tUS$1.6tUS$228.4b16.3x25.2x3.6x
Mon, 10 Feb 2025US$6.5tUS$1.6tUS$218.8b19.1x29.6x4.1x
Wed, 08 Jan 2025US$6.3tUS$1.6tUS$189.8b18.5x33x4x
Fri, 06 Dec 2024US$6.1tUS$1.6tUS$189.4b19.2x32.1x3.9x
Sun, 03 Nov 2024US$5.7tUS$1.6tUS$188.0b17.9x30.2x3.6x
Tue, 01 Oct 2024US$5.6tUS$1.5tUS$188.3b19.3x29.8x3.6x
Thu, 29 Aug 2024US$5.4tUS$1.6tUS$189.1b19.4x28.5x3.5x
Sat, 27 Jul 2024US$5.2tUS$1.5tUS$197.1b20.6x26.2x3.4x
Mon, 24 Jun 2024US$5.4tUS$1.5tUS$191.1b16.4x28.4x3.6x
Wed, 22 May 2024US$5.3tUS$1.5tUS$191.3b17.8x27.9x3.5x
Fri, 19 Apr 2024US$5.1tUS$1.5tUS$176.3b17.6x28.7x3.4x
Sun, 17 Mar 2024US$4.9tUS$1.5tUS$175.6b18.1x27.7x3.2x
Tue, 13 Feb 2024US$4.9tUS$1.5tUS$172.3b14.6x28.4x3.3x
Thu, 11 Jan 2024US$4.6tUS$1.5tUS$128.1b15.4x36.3x3.1x
Sat, 09 Dec 2023US$4.5tUS$1.5tUS$128.1b16.6x35x2.9x
Mon, 06 Nov 2023US$4.3tUS$1.5tUS$123.6b13.2x34.7x2.8x
Wed, 04 Oct 2023US$4.3tUS$1.5tUS$104.7b13.8x40.8x2.8x
Fri, 01 Sep 2023US$4.3tUS$1.5tUS$104.5b14.3x41.5x2.9x
Sun, 30 Jul 2023US$4.3tUS$1.5tUS$110.7b15.9x38.8x2.9x
Tue, 27 Jun 2023US$4.0tUS$1.5tUS$106.9b17.6x37.8x2.7x
Thu, 25 May 2023US$3.9tUS$1.5tUS$106.1b16x37.2x2.6x
Sat, 22 Apr 2023US$3.7tUS$1.5tUS$115.0b16.7x32.5x2.5x
Mon, 20 Mar 2023US$3.6tUS$1.5tUS$115.1b16.7x31.4x2.4x
Price to Earnings Ratio

31.4x


Total Market Cap: US$3.6tTotal Earnings: US$115.1bTotal Revenue: US$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Sector Price to Earnings3Y Average 30.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 30.5x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 4.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Telecom sector?

US Market-2.29%
Telecom-1.58%
Interactive Media and Services-0.55%
Wireless Telecom-3.07%
Telecom Services and Carriers-3.67%
Entertainment-4.44%
Media-5.58%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings decline of 3.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 3.8% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 7.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GOOGL AlphabetUS$303.550.9%
+US$32.3b		86.5%PE27.8x
BIDU BaiduUS$123.164.4%
+US$1.8b		30.7%PE52x
TME Tencent Music Entertainment GroupUS$13.681.6%
+US$325.3m		10.3%PE13.5x
FWON.K Formula One GroupUS$85.191.4%
+US$303.1m		2.0%PE35.8x
STGW StagwellUS$6.2719.9%
+US$263.1m		5.6%PE54.5x

Latest News

DIS
US$99.43
Walt Disney
7D
-2.9%
1Y
2.6%
CMCSA
US$30.16
Comcast
7D
-4.6%
1Y
-13.1%
META
US$638.18
Meta Platforms
7D
-3.4%
1Y
8.0%
BIDU
US$123.16
Baidu
7D
4.4%
1Y
30.7%
LYV
US$160.32
Live Nation Entertainment
7D
0.3%
1Y
38.5%

LYV: DOJ Settlement Progress And Venue Expansion Will Shape Balanced Outlook

The updated analyst price target for Live Nation Entertainment edges higher to about $183, supported by analysts citing a potential DOJ settlement viewed as manageable, renewed comfort returning to pre-lawsuit valuation multiples, and ongoing enthusiasm for the company’s concert ownership and venue expansion plans despite regulatory and Ticketmaster related headwinds. Analyst Commentary Recent research highlights a wide range of views on Live Nation, with many analysts focusing on the potential DOJ settlement, the company’s concert and venue growth plans, and the impact of Ticketmaster related changes on future earnings power and valuation.
STGW
US$6.27
Stagwell
7D
19.9%
1Y
5.6%
GRND
US$12.17
Grindr
7D
4.6%
1Y
-25.7%

GRND: Expanded Buyback And 2026 Outlook Will Underpin Future Upside

Analysts have trimmed their price target on Grindr from $21.75 to $18.00. This reflects updated assumptions for revenue growth, profit margins, discount rate and future P/E that point to a more conservative outlook on the stock's fair value.
GOOGL
US$303.55
Alphabet
7D
0.9%
1Y
86.5%
SPOT
US$509.59
Spotify Technology
7D
-7.7%
1Y
-5.3%
FWON.K
US$85.19
Formula One Group
7D
1.4%
1Y
2.0%
TME
US$13.68
Tencent Music Entertainment Group
7D
1.6%
1Y
10.3%

TME: Upcoming Results Review Will Highlight Resilient Monetization And Margin Strength

Analysts have nudged their price target on Tencent Music Entertainment Group slightly higher to $26.92 from $26.84, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E as key drivers of this fine tuning. What's in the News Tencent Music Entertainment Group has scheduled a board meeting for March 16, 2026 to review and vote on its unaudited results for the three months and full year ended December 31, 2025 (Key Developments).
RBLX
US$56.30
Roblox
7D
-14.8%
1Y
1.0%

RBLX: Content And Engagement Strength Will Offset Rising Competitive And Safety Risks

Our fair value estimate for Roblox has been revised down from $180.00 to about $166.79 as analysts factor in a higher discount rate, slightly different long term growth and margin assumptions, and a wave of reduced Street price targets that balance strong content trends with rising competitive and comparison risks. Analyst Commentary Recent Street research on Roblox reflects a mixed but active backdrop, with many firms cutting price targets while still highlighting areas of strength in engagement, content and long term platform potential.
VSNT
US$37.65
Versant Media Group
7D
2.4%
1Y
n/a
NFLX
US$94.31
Netflix
7D
-4.9%
1Y
5.9%

Netflix was right to decline in raising their offer for Warner Brothers

I think everyone who is invested in the American stock market has their eyes on Netflix as of late. Especially after the company declined to raise their offer for Warner Brothers in their bidding war against Paramount Skydance.
T
US$27.39
AT&T
7D
-5.5%
1Y
5.0%

T: Cloud Partnerships And Buybacks Will Shape Balanced Return Potential

Analysts have nudged their price target narrative on AT&T slightly higher to about $29.41, reflecting updated assumptions for discount rate, fair value and future P/E that fine-tune rather than overhaul the prior view. What's in the News AT&T, Amazon Web Services and Amazon Leo are working together to combine AT&T’s fiber network with AWS cloud and AI tools, including migrating AT&T workloads to AWS Outposts and connecting AWS data centers with high capacity fiber, while Amazon Leo will provide satellite based connectivity for fixed broadband services in harder to serve areas (Key Developments).
TMUS
US$214.37
T-Mobile US
7D
-2.8%
1Y
-17.3%

TMUS: Long Term Service And EBITDA Guidance Will Drive Future Upside

T-Mobile US's updated analyst price target edges up by $0.22, as analysts highlight sector leading long term service revenue and core adjusted EBITDA guidance, along with a continued focus on higher margin wireless and spectrum assets. Analyst Commentary Recent research on T-Mobile US highlights a mix of optimism around long term growth targets and some recalibration of price targets as analysts reassess sector conditions ahead of upcoming results.