Narrative Update • Aug 27
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- 7D4.0%
- 3M-0.8%
- 1Y-1.8%
- YTD-8.9%
In the last week, the Telecom Services and Carriers industry is up 3.6%, with Space Exploration Technologies up 5.1%. During this same period, the AST SpaceMobile underperformed, falling 5.6%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 46% per annum.
Industry Valuation and Performance
Has the U.S. Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 28 Aug 2026 | US$2.4t | US$430.4b | US$35.9b | 20.9x | 67.9x | 5.7x |
| Sun, 26 Jul 2026 | US$2.0t | US$426.6b | US$35.2b | 19.5x | 57.1x | 4.7x |
| Tue, 23 Jun 2026 | US$2.9t | US$426.6b | US$41.4b | 15.9x | 70.7x | 6.9x |
| Thu, 21 May 2026 | US$529.6b | US$410.2b | US$51.3b | 13.9x | 10.3x | 1.3x |
| Sat, 18 Apr 2026 | US$552.2b | US$406.6b | US$51.3b | 12.6x | 10.8x | 1.4x |
| Mon, 16 Mar 2026 | US$577.9b | US$406.4b | US$50.8b | 10.4x | 11.4x | 1.4x |
| Wed, 11 Feb 2026 | US$566.4b | US$406.3b | US$55.9b | 9.6x | 10.1x | 1.4x |
| Fri, 09 Jan 2026 | US$405.2b | US$286.7b | US$38.5b | 12.4x | 10.5x | 1.4x |
| Sun, 07 Dec 2025 | US$415.8b | US$284.0b | US$38.4b | 8.9x | 10.8x | 1.5x |
| Tue, 04 Nov 2025 | US$411.3b | US$287.6b | US$38.0b | 11.6x | 10.8x | 1.4x |
| Thu, 02 Oct 2025 | US$441.8b | US$286.5b | US$25.5b | 14.7x | 17.3x | 1.5x |
| Sat, 30 Aug 2025 | US$445.4b | US$286.4b | US$25.5b | 15.9x | 17.5x | 1.6x |
| Mon, 28 Jul 2025 | US$434.2b | US$286.3b | US$28.9b | 15x | 15x | 1.5x |
| Wed, 25 Jun 2025 | US$432.4b | US$282.4b | US$27.5b | 17.3x | 15.7x | 1.5x |
| Fri, 23 May 2025 | US$419.9b | US$282.3b | US$27.5b | 16.7x | 15.3x | 1.5x |
| Sun, 20 Apr 2025 | US$420.5b | US$282.1b | US$28.1b | 13.1x | 15x | 1.5x |
| Tue, 18 Mar 2025 | US$417.8b | US$281.8b | US$28.2b | 10.5x | 14.8x | 1.5x |
| Thu, 13 Feb 2025 | US$393.8b | US$284.5b | US$22.8b | 16.9x | 17.3x | 1.4x |
| Sat, 11 Jan 2025 | US$365.7b | US$283.6b | US$13.2b | 18.2x | 27.8x | 1.3x |
| Mon, 09 Dec 2024 | US$395.1b | US$284.9b | US$12.9b | 19.1x | 30.6x | 1.4x |
| Wed, 06 Nov 2024 | US$371.5b | US$281.3b | US$14.0b | 18.3x | 26.5x | 1.3x |
| Fri, 04 Oct 2024 | US$388.7b | US$281.4b | US$21.2b | 18.3x | 18.3x | 1.4x |
| Sun, 01 Sep 2024 | US$356.3b | US$281.4b | US$21.2b | 18.8x | 16.8x | 1.3x |
| Tue, 30 Jul 2024 | US$340.8b | US$281.2b | US$22.6b | 21.1x | 15.1x | 1.2x |
| Thu, 27 Jun 2024 | US$336.4b | US$281.1b | US$22.7b | 25.3x | 14.8x | 1.2x |
| Sat, 25 May 2024 | US$320.2b | US$281.1b | US$22.7b | 28.4x | 14.1x | 1.1x |
| Mon, 22 Apr 2024 | US$315.8b | US$281.7b | US$22.5b | 26.8x | 14x | 1.1x |
| Wed, 20 Mar 2024 | US$318.8b | US$281.7b | US$22.5b | 26.8x | 14.1x | 1.1x |
| Fri, 16 Feb 2024 | US$322.1b | US$283.7b | US$19.8b | 18.1x | 16.3x | 1.1x |
| Sun, 14 Jan 2024 | US$318.9b | US$300.0b | -US$7,362,391,055.00 | 14.5x | -43.3x | 1.1x |
| Tue, 12 Dec 2023 | US$313.8b | US$300.0b | -US$7,362,256,180.00 | 11.5x | -42.6x | 1x |
| Thu, 09 Nov 2023 | US$299.7b | US$300.0b | -US$7,015,683,715.00 | 8.4x | -42.7x | 1x |
| Sat, 07 Oct 2023 | US$267.5b | US$301.1b | -US$2,062,122,198.00 | 8.6x | -129.7x | 0.9x |
| Mon, 04 Sep 2023 | US$289.9b | US$301.1b | -US$2,065,972,663.00 | 10.3x | -140.3x | 1x |
Price to Earnings Ratio
-140.3x
Current Industry PE
- Investors are optimistic on the American Telecom industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 67.8x which is higher than its 3-year average PE of 6.8x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
- Total earnings for the Telecom industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Telecom industry?
| US Market | 1.16% | |
| Telecom | 1.63% | |
| Telecom Services and Carriers | 4.03% | |
| Alternative Carriers | 4.93% | |
| Integrated Telecom Services | 0.62% | |
Industry PE
- Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 14.6x.
- Analysts are expecting annual earnings growth of 3.9%, which is higher than its past year's earnings decline of 14.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings decline of 18% per year.
- In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 3.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SPCX Space Exploration Technologies | US$140.87 | 5.1% +US$93.2b | n/a | PS83x | |
| T AT&T | US$25.43 | 1.1% +US$1.9b | -12.1% | PE8.1x | |
| VZ Verizon Communications | US$49.43 | 0.5% +US$997.1m | 12.5% | PE12.7x | |
| ATEX Anterix | US$94.67 | 11.0% +US$183.5m | 306.0% | PE28.3x | |
| LUMN Lumen Technologies | US$6.14 | 2.2% +US$134.1m | 22.3% | PS0.5x |