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U.S. Telecom Services and Carriers Industry Analysis

UpdatedSep 21, 2026
DataAggregated Company Financials
Companies56
  • 7D1.4%
  • 3M-0.9%
  • 1Y-3.7%
  • YTD-3.7%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably Verizon Communications declined by 5.0%. As for the longer term, the industry has declined 3.7% in the last year. Looking forward, earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Sep 2026US$2.6tUS$430.4bUS$35.9b21.2x72x6x
Wed, 19 Aug 2026US$2.4tUS$430.4bUS$35.9b20.3x68.3x5.7x
Fri, 17 Jul 2026US$2.3tUS$426.6bUS$41.4b19.3x54.5x5.3x
Sun, 14 Jun 2026US$2.6tUS$429.5bUS$42.0b15.1x62.6x6.1x
Tue, 12 May 2026US$525.7bUS$410.2bUS$51.5b13.2x10.2x1.3x
Thu, 09 Apr 2026US$562.9bUS$406.5bUS$51.3b12.8x11x1.4x
Sat, 07 Mar 2026US$594.3bUS$406.5bUS$50.8b10.4x11.7x1.5x
Mon, 02 Feb 2026US$546.4bUS$406.3bUS$55.9b10.9x9.8x1.3x
Wed, 31 Dec 2025US$407.5bUS$286.7bUS$38.5b9.7x10.6x1.4x
Fri, 28 Nov 2025US$408.0bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sun, 26 Oct 2025US$407.2bUS$287.0bUS$35.0b11.5x11.6x1.4x
Tue, 23 Sep 2025US$444.0bUS$286.5bUS$25.5b15.6x17.4x1.5x
Thu, 21 Aug 2025US$447.2bUS$286.4bUS$25.5b14.9x17.5x1.6x
Sat, 19 Jul 2025US$421.3bUS$282.4bUS$27.5b15.6x15.3x1.5x
Mon, 16 Jun 2025US$427.7bUS$282.4bUS$27.5b17.3x15.5x1.5x
Wed, 14 May 2025US$414.6bUS$282.3bUS$27.4b16.2x15.1x1.5x
Fri, 11 Apr 2025US$414.0bUS$282.0bUS$28.1b13.9x14.7x1.5x
Sun, 09 Mar 2025US$433.3bUS$281.4bUS$28.2b11.1x15.4x1.5x
Tue, 04 Feb 2025US$377.2bUS$284.5bUS$22.8b16.2x16.6x1.3x
Thu, 02 Jan 2025US$375.6bUS$283.7bUS$13.1b18.8x28.6x1.3x
Sat, 30 Nov 2024US$398.4bUS$281.4bUS$13.3b20.2x30.1x1.4x
Mon, 28 Oct 2024US$371.9bUS$281.2bUS$16.1b18.2x23.1x1.3x
Wed, 25 Sep 2024US$380.4bUS$281.4bUS$21.2b18.8x18x1.4x
Fri, 23 Aug 2024US$352.9bUS$281.4bUS$21.2b18.7x16.7x1.3x
Sun, 21 Jul 2024US$345.1bUS$281.1bUS$22.7b23.7x15.2x1.2x
Tue, 18 Jun 2024US$322.8bUS$281.1bUS$22.7b25.7x14.2x1.1x
Thu, 16 May 2024US$323.6bUS$281.0bUS$22.7b27.3x14.3x1.2x
Sat, 13 Apr 2024US$314.9bUS$281.7bUS$22.5b26.8x14x1.1x
Mon, 11 Mar 2024US$319.0bUS$283.8bUS$20.8b26.4x15.3x1.1x
Wed, 07 Feb 2024US$333.9bUS$300.3bUS$8.5b14.9x39.3x1.1x
Fri, 05 Jan 2024US$328.8bUS$300.0b-US$7,362,414,460.0021.3x-44.7x1.1x
Sun, 03 Dec 2023US$318.8bUS$300.0b-US$7,362,654,300.0010.2x-43.3x1.1x
Tue, 31 Oct 2023US$288.3bUS$300.5b-US$4,695,081,687.007x-61.4x1x
Thu, 28 Sep 2023US$277.8bUS$301.1b-US$2,062,137,286.008.3x-134.7x0.9x
Price to Earnings Ratio

-134.7x


Total Market Cap: US$277.8bTotal Earnings: -US$2,062,137,286.00Total Revenue: US$301.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 11.3x202420252026
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 72.0x which is higher than its 3-year average PE of 11.3x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 6.0x.
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-0.10%
Telecom-0.58%
Telecom Services and Carriers1.40%
Alternative Carriers2.96%
Integrated Telecom Services-5.27%
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 14.3x.
    • Analysts are expecting annual earnings growth of 4.0%, 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 4.0% 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
SPCX Space Exploration TechnologiesUS$152.713.1%
+US$61.9b		n/aPS89.9x
GSAT GlobalstarUS$82.841.0%
+US$110.1m		129.7%PS38.2x
IRDM Iridium CommunicationsUS$46.771.3%
+US$62.5m		158.0%PE53.1x
BAND BandwidthUS$50.232.6%
+US$40.5m		179.5%PE714x
NXPL NextPlatUS$9.461.9%
+US$488.4k		5.6%PS0.5x

Latest News

SPCX
US$152.71
Space Exploration Technologies
7D
1.0%
1Y
n/a
Seeking Alpha • Sep 19

SpaceX Is Becoming An AI Giant

Summary SpaceX targets 5-10 GW of compute capacity in 2027, potentially making AI its largest long-term revenue engine. SemiAnalysis estimates 10 GW could support roughly $300 billion ARR if half of incremental compute capacity is externally monetized. Starlink generated a 62.9% EBITDA margin in 2025, but Connectivity simultaneously required approximately $4.18 billion of capital expenditures. Starlink satellites have three-to-five-year useful lives, implying normalized annual orbital replacement requirements potentially reaching $2.9-$3.7 billion. At roughly $2 trillion, SpaceX needs AI, Starship and V3 to deliver exceptional capital productivity, not simply exceptional revenue growth. Read the full article on Seeking Alpha
VZ
US$48.09
Verizon Communications
7D
-5.0%
1Y
10.6%
BAND
US$50.23
Bandwidth
7D
-11.7%
1Y
186.4%
ASTS
US$58.52
AST SpaceMobile
7D
-2.2%
1Y
29.8%
T
US$25.40
AT&T
7D
-2.5%
1Y
-12.4%
CMCSA
US$22.74
Comcast
7D
-9.8%
1Y
-28.0%
LBTY.A
US$9.87
Liberty Global
7D
-5.7%
1Y
-16.1%
UNIT
US$9.45
Uniti Group
7D
-6.2%
1Y
47.2%
LUMN
US$6.40
Lumen Technologies
7D
-7.8%
1Y
12.1%
Narrative Update • Sep 04

LUMN: Cloud And AI Network Expansion Will Support Future Re Rating

Lumen Technologies' updated analyst price target has declined from $10.00 to $9.00, as analysts reflect lower external targets from Citi at $8.25 and from Goldman Sachs at $7.25, along with revised assumptions around discount rates, revenue trends, margins, and future P/E expectations. Analyst Commentary Recent Street research on Lumen Technologies shows analysts recalibrating their expectations while keeping a neutral stance on the stock.
IQST
US$0.98
iQSTEL
7D
4.0%
1Y
-83.1%
GSAT
US$82.84
Globalstar
7D
0.4%
1Y
136.0%
Seeking Alpha • Aug 29

Globalstar: Q2 Improves The Deal Outlook, But I'm Staying On Hold

Summary Globalstar remains a Hold as the Amazon deal caps upside near $90, shifting focus from growth to deal closure probability. Q2 results highlight ongoing customer concentration risk—Apple accounted for 64% of first-half revenue—and continued net losses, though operational milestones have reduced potential price cuts. Regulatory progress is evident with Hart-Scott-Rodino clearance and satellite launches, but significant regulatory and timing risks remain before deal closure. With the stock near $82 and capped upside, the risk-reward profile is anchored by deal odds, not business fundamentals or re-rating potential. Read the full article on Seeking Alpha
NXPL
US$9.46
NextPlat
7D
5.1%
1Y
7.5%