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U.S. Telecom Sector Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies490
  • 7D-1.4%
  • 3M-2.3%
  • 1Y30.4%
  • YTD-3.8%

Over the last 7 days, the Telecom industry has dropped 1.4%, driven by a pullback from Meta Platforms of 4.8%. This takes the industry's 12 month performance to a gain of 30%. 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
Sun, 15 Mar 2026US$7.4tUS$1.7tUS$272.5b17.7x27.3x4.4x
Tue, 10 Feb 2026US$7.8tUS$1.7tUS$283.2b16.1x27.5x4.6x
Thu, 08 Jan 2026US$7.8tUS$1.6tUS$282.4b16.3x27.6x4.7x
Sat, 06 Dec 2025US$7.8tUS$1.6tUS$281.1b16.4x27.8x4.8x
Mon, 03 Nov 2025US$7.4tUS$1.6tUS$296.2b17.8x25.1x4.5x
Wed, 01 Oct 2025US$7.4tUS$1.6tUS$286.1b19.5x25.9x4.6x
Fri, 29 Aug 2025US$7.1tUS$1.6tUS$287.3b21.4x24.5x4.3x
Sun, 27 Jul 2025US$6.7tUS$1.6tUS$256.9b18.9x26.2x4.2x
Tue, 24 Jun 2025US$6.3tUS$1.6tUS$250.1b17.3x25.3x4x
Thu, 22 May 2025US$6.1tUS$1.6tUS$247.7b17x24.7x3.8x
Sat, 19 Apr 2025US$5.4tUS$1.6tUS$227.2b16x23.6x3.4x
Mon, 17 Mar 2025US$5.9tUS$1.6tUS$228.4b15.5x25.7x3.7x
Wed, 12 Feb 2025US$6.5tUS$1.6tUS$218.8b19.4x29.9x4.1x
Fri, 10 Jan 2025US$6.2tUS$1.6tUS$189.8b19.2x32.4x3.9x
Sun, 08 Dec 2024US$6.1tUS$1.6tUS$189.5b18.7x32.4x3.9x
Tue, 05 Nov 2024US$5.7tUS$1.6tUS$188.5b17.7x30.1x3.6x
Thu, 03 Oct 2024US$5.6tUS$1.5tUS$188.3b18.8x29.9x3.6x
Sat, 31 Aug 2024US$5.3tUS$1.6tUS$189.1b18.8x28.2x3.4x
Mon, 29 Jul 2024US$5.2tUS$1.5tUS$197.1b20.6x26.3x3.4x
Wed, 26 Jun 2024US$5.4tUS$1.5tUS$191.1b16.5x28.5x3.6x
Fri, 24 May 2024US$5.3tUS$1.5tUS$191.3b17.6x27.7x3.5x
Sun, 21 Apr 2024US$5.0tUS$1.5tUS$177.4b17.6x28x3.3x
Tue, 19 Mar 2024US$5.0tUS$1.5tUS$175.5b18x28.4x3.3x
Thu, 15 Feb 2024US$4.8tUS$1.5tUS$172.7b15.9x27.9x3.2x
Sat, 13 Jan 2024US$4.7tUS$1.5tUS$128.1b15.3x36.7x3.1x
Mon, 11 Dec 2023US$4.5tUS$1.5tUS$128.1b16.6x34.8x2.9x
Wed, 08 Nov 2023US$4.3tUS$1.5tUS$122.9b13.7x34.9x2.8x
Fri, 06 Oct 2023US$4.3tUS$1.5tUS$104.7b13.9x40.7x2.8x
Sun, 03 Sep 2023US$4.3tUS$1.5tUS$104.5b14.5x41.4x2.9x
Tue, 01 Aug 2023US$4.4tUS$1.5tUS$110.7b16x39.8x2.9x
Thu, 29 Jun 2023US$4.1tUS$1.5tUS$107.0b17.7x38.5x2.8x
Sat, 27 May 2023US$4.0tUS$1.5tUS$106.6b16.2x37.7x2.7x
Mon, 24 Apr 2023US$3.7tUS$1.5tUS$115.0b16.7x32.4x2.5x
Wed, 22 Mar 2023US$3.7tUS$1.5tUS$115.3b16.9x32.2x2.5x
Price to Earnings Ratio

32.2x


Total Market Cap: US$3.7tTotal Earnings: US$115.3bTotal 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 4.2% 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-1.62%
Telecom-1.40%
Interactive Media and Services-0.67%
Wireless Telecom-1.80%
Telecom Services and Carriers-2.16%
Entertainment-3.79%
Media-4.90%
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 19.4%, which is higher than its past year's earnings decline of 4.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 2.3% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 7.7% 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$302.281.3%
+US$45.5b		82.7%PE27.7x
BIDU BaiduUS$124.074.2%
+US$1.7b		32.2%PE52.6x
VZ Verizon CommunicationsUS$51.380.5%
+US$1.1b		17.9%PE12.6x
TME Tencent Music Entertainment GroupUS$14.194.2%
+US$882.9m		13.1%PE14x
SATS EchoStarUS$108.342.0%
+US$606.6m		314.5%PS2.1x

Latest News

T
US$27.72
AT&T
7D
-3.2%
1Y
4.3%
NFLX
US$95.31
Netflix
7D
-3.7%
1Y
3.8%
DIS
US$99.29
Walt Disney
7D
-2.2%
1Y
0.7%
CMCSA
US$30.16
Comcast
7D
-5.5%
1Y
-14.9%
META
US$613.71
Meta Platforms
7D
-4.8%
1Y
1.0%
BIDU
US$124.07
Baidu
7D
4.2%
1Y
32.2%
VZ
US$51.38
Verizon Communications
7D
0.5%
1Y
17.9%

VZ: Fair Value View Will Reflect Cost Cuts And Execution Risks

Narrative Update: Verizon Communications The analyst price target for Verizon Communications edges higher to approximately $50.00, up by a small fraction. Analysts point to firming trends in subscriber additions, cost efficiencies and broadband growth, which are reflected in a slightly higher fair value estimate and a modestly higher assumed future P/E of about 12x.
GOOGL
US$302.28
Alphabet
7D
1.3%
1Y
82.7%
SPOT
US$516.06
Spotify Technology
7D
-8.7%
1Y
-10.2%
SATS
US$108.34
EchoStar
7D
2.0%
1Y
314.5%

EchoStar's 43.91 fair value will redefine its market position

Why EchoStar (SATS) Finally Grabbed My Attention I first stumbled onto EchoStar (SATS) back in late 2025. Funnily enough, I wasn't even looking at them; I was deep in the weeds researching a Chinese firm called Xinwei Communication.
TME
US$14.19
Tencent Music Entertainment Group
7D
4.2%
1Y
13.1%

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$56.42
Roblox
7D
-11.2%
1Y
-0.2%

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.
EA
US$199.24
Electronic Arts
7D
0.6%
1Y
43.6%

EA: Take Private Deal And Player Retention Trends Will Shape Future Returns

Analysts have kept their fair value estimate for Electronic Arts steady at $205.59 per share, with only slight adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions explaining the unchanged price target despite updated inputs. What's in the News Multiplayer shooter "ARC Raiders," from Nexon owned Embark Studios, is reported to have retained 91% of its peak Steam player base since launch.
GSAT
US$58.68
Globalstar
7D
4.0%
1Y
175.1%

GSAT: Future Will Depend On De Risked Satellites And Underused Spectrum Balance

Analysts have increased their fair value estimate for Globalstar from $60.00 to $63.00, citing a higher $71 Street price target and the view that the company offers a compelling mix of "de-risked" satellite services supported by Apple and underutilized terrestrial spectrum assets. Analyst Commentary Recent research highlights a mixed but generally constructive stance toward Globalstar.
TIGO
US$72.19
Millicom International Cellular
7D
4.2%
1Y
137.6%

TIGO: Leverage Concerns And Chile Bid Interest May Guide Future Balance

Analysts have nudged their fair value estimate for Millicom International Cellular up from $70.00 to $75.00, reflecting updated assumptions around profit margins and future P/E multiples, despite mixed recent rating changes on the stock. Analyst Commentary Recent Street research has sent mixed signals, with some downgrades focused on what has been described as sub optimal leverage and a more cautious stance on the shares.
TMUS
US$217.39
T-Mobile US
7D
-1.9%
1Y
-15.1%

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.