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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJul 23, 2026
DataAggregated Company Financials
Companies57
  • 7D-11.3%
  • 3M-12.9%
  • 1Y-10.5%
  • YTD-23.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 11%, driven by a pullback from Space Exploration Technologies of 15%. On the other hand AT&T is actually up 7.5%. Overall the industry is down 10% in 12 months. As for the next few years, earnings are expected to grow by 49% per annum.

Industry Valuation and Performance

Has the U.S. Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026US$2.1tUS$427.3bUS$41.5b19.5x50.8x4.9x
Sat, 20 Jun 2026US$2.9tUS$426.6bUS$41.4b15.6x70.7x6.9x
Mon, 18 May 2026US$514.9bUS$410.2bUS$51.3b13.3x10x1.3x
Wed, 15 Apr 2026US$535.9bUS$406.5bUS$51.3b12.4x10.4x1.3x
Fri, 13 Mar 2026US$573.1bUS$406.5bUS$50.8b10.5x11.3x1.4x
Sun, 08 Feb 2026US$560.8bUS$406.3bUS$55.9b9.6x10x1.4x
Tue, 06 Jan 2026US$413.2bUS$286.7bUS$38.5b12.4x10.7x1.4x
Thu, 04 Dec 2025US$406.0bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sat, 01 Nov 2025US$406.1bUS$287.5bUS$36.6b11.8x11.1x1.4x
Mon, 29 Sep 2025US$440.7bUS$286.4bUS$25.5b14.9x17.3x1.5x
Wed, 27 Aug 2025US$445.2bUS$286.4bUS$25.5b15.3x17.5x1.6x
Fri, 25 Jul 2025US$434.4bUS$285.2bUS$28.9b15.4x15x1.5x
Sun, 22 Jun 2025US$420.9bUS$282.3bUS$27.5b16.9x15.3x1.5x
Tue, 20 May 2025US$423.7bUS$282.3bUS$27.4b17.2x15.5x1.5x
Thu, 17 Apr 2025US$424.7bUS$282.1bUS$28.1b13x15.1x1.5x
Sat, 15 Mar 2025US$412.8bUS$281.3bUS$28.2b10.6x14.6x1.5x
Mon, 10 Feb 2025US$385.9bUS$284.5bUS$22.7b16.4x17x1.4x
Wed, 08 Jan 2025US$372.8bUS$283.6bUS$13.1b18.5x28.4x1.3x
Fri, 06 Dec 2024US$392.6bUS$284.9bUS$12.9b19.2x30.4x1.4x
Sun, 03 Nov 2024US$373.6bUS$281.4bUS$14.0b18.2x26.7x1.3x
Tue, 01 Oct 2024US$386.8bUS$281.4bUS$21.2b17.9x18.3x1.4x
Thu, 29 Aug 2024US$354.2bUS$281.4bUS$21.2b18.8x16.7x1.3x
Sat, 27 Jul 2024US$340.1bUS$281.2bUS$22.6b20.9x15.1x1.2x
Mon, 24 Jun 2024US$330.6bUS$281.1bUS$22.7b25.3x14.6x1.2x
Wed, 22 May 2024US$322.7bUS$281.1bUS$22.7b27.9x14.2x1.1x
Fri, 19 Apr 2024US$312.9bUS$281.7bUS$22.5b26.8x13.9x1.1x
Sun, 17 Mar 2024US$316.5bUS$281.7bUS$22.6b27x14x1.1x
Tue, 13 Feb 2024US$323.6bUS$283.7bUS$19.8b18.1x16.4x1.1x
Thu, 11 Jan 2024US$324.7bUS$300.0b-US$7,362,401,959.0015.1x-44.1x1.1x
Sat, 09 Dec 2023US$321.4bUS$300.0b-US$7,360,707,013.0011.8x-43.7x1.1x
Mon, 06 Nov 2023US$301.2bUS$300.1b-US$6,954,079,469.009.4x-43.3x1x
Wed, 04 Oct 2023US$272.9bUS$301.1b-US$2,062,132,409.008.7x-132.3x0.9x
Fri, 01 Sep 2023US$291.5bUS$301.1b-US$2,059,829,584.0010.9x-141.5x1x
Sun, 30 Jul 2023US$280.1bUS$301.4bUS$6.6b11.5x42.2x0.9x
Price to Earnings Ratio

42.2x


Total Market Cap: US$280.1bTotal Earnings: US$6.6bTotal Revenue: US$301.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.3x202420252026
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 50.8x which is higher than its 3-year average PE of 1.3x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 84% per year over the last three years.
  • Revenues for these companies have grown 12% 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 industry?

US Market-1.35%
Telecom-7.94%
Telecom Services and Carriers-11.28%
Integrated Telecom Services4.14%
Alternative Carriers-14.49%
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 15.0x.
    • Analysts are expecting annual earnings growth of 0.5%, which is higher than its past year's earnings decline of 2.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 61% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
T AT&TUS$23.047.5%
+US$11.2b		-17.0%PE7.5x
VZ Verizon CommunicationsUS$44.293.4%
+US$6.1b		3.4%PE10.7x
LUMN Lumen TechnologiesUS$6.703.9%
+US$257.6m		46.6%PS0.6x
CMCSA ComcastUS$23.520.1%
+US$107.2m		-34.3%PE4.5x
GLIB.A Liberty CapitalUS$23.085.1%
+US$44.3m		-34.4%PS0.9x

Latest News

IRDM
US$46.86
Iridium Communications
7D
-3.7%
1Y
44.5%
SHEN
US$11.76
Shenandoah Telecommunications
7D
-3.7%
1Y
-25.1%
T
US$23.04
AT&T
7D
7.5%
1Y
-17.0%
VZ
US$44.29
Verizon Communications
7D
3.4%
1Y
3.4%
Narrative Update • Jul 21

VZ: Joint Venture Restructuring And Satellite Threat Will Shape Execution Balance

Analysts have trimmed the fair value estimate for Verizon Communications to $43.00 from $46.00, reflecting lower assumed P/E multiples and ongoing uncertainty around potential satellite competition, even though their models still factor in broadly similar growth and profitability metrics for the company. Analyst Commentary Recent research on Verizon Communications points to a more cautious tone, with several firms revisiting their assumptions as potential satellite competition and sector maturity weigh on sentiment.
ATEX
US$103.99
Anterix
7D
-1.3%
1Y
364.9%
SPCX
US$115.26
Space Exploration Technologies
7D
-14.8%
1Y
n/a
IDT
US$64.21
IDT
7D
2.1%
1Y
12.5%
ASTS
US$61.95
AST SpaceMobile
7D
-6.6%
1Y
5.1%
Seeking Alpha • Jul 17

AST SpaceMobile: Why I Bought The Dip

Summary AST SpaceMobile has dropped nearly 60%, but dilution was only the catalyst after weakening sentiment, execution concerns, and an unsustainably rich valuation. Nearly 60 global carriers have committed over $1.2 billion, providing access to more than 3 billion subscribers worldwide. Consensus expects revenue to grow from $170 million in 2026 to $2.84 billion by 2029, rapidly compressing valuation multiples. August's BlueBird Block 2 launch, Rakuten expansion, and commercialization milestones could fundamentally reshape investor sentiment during 2026. Despite execution risks, the recent correction offers a significantly improved risk-reward profile for long-term investors willing to tolerate volatility. Read the full article on Seeking Alpha
CMCSA
US$23.52
Comcast
7D
0.1%
1Y
-34.3%
LUMN
US$6.70
Lumen Technologies
7D
3.9%
1Y
46.6%
GLIB.A
US$23.08
Liberty Capital
7D
5.1%
1Y
-34.4%
IHS
US$8.25
IHS Holding
7D
1.1%
1Y
35.2%
Narrative Update • Jul 14

IHS: Fair Outlook Will Rely On Future Margin And P/E Stability

Analysts have reduced their price target for IHS Holding from $12.00 to $8.50 as they adjust assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for IHS Holding No recent company specific news for IHS Holding is available from the provided primary sources.
LBTY.A
US$10.42
Liberty Global
7D
-3.3%
1Y
2.0%
BAND
US$64.37
Bandwidth
7D
-9.3%
1Y
304.6%
Narrative Update • Jul 09

BAND: AI Build And Convertible Notes Will Limit Long Term Upside

Analysts have lifted their price target for Bandwidth from $24.50 to $55.75, citing updated assumptions around lower discount rates, adjusted revenue growth expectations, higher projected profit margins, and a richer future P/E multiple. What’s in the News for Bandwidth Bandwidth Inc.
ITG
US$13.41
ITG
7D
7.2%
1Y
n/a
GSAT
US$79.94
Globalstar
7D
-0.7%
1Y
206.3%