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

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 73.1x which is higher than its 3-year average PE of 9.4x. The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 6.1x.

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

Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 14.4x. Analysts are expecting annual earnings growth of 3.9%, which is higher than its past year's earnings decline of 14.8% per year.

U.S. Telecom Services and Carriers Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 11 Sep 2026	US$2.5t	US$430.4b	US$35.9b	21.1x	70.4x	5.9x
Sun, 09 Aug 2026	US$2.3t	US$430.4b	US$36.2b	19.8x	62.7x	5.3x
Tue, 07 Jul 2026	US$2.6t	US$426.5b	US$41.4b	18.3x	62.5x	6.1x
Thu, 04 Jun 2026	US$541.0b	US$410.3b	US$51.3b	14.6x	10.5x	1.3x
Sat, 02 May 2026	US$539.5b	US$410.1b	US$49.7b	12.7x	10.9x	1.3x
Mon, 30 Mar 2026	US$573.6b	US$406.4b	US$51.3b	13.4x	11.2x	1.4x
Wed, 25 Feb 2026	US$580.4b	US$406.4b	US$50.8b	10x	11.4x	1.4x
Fri, 23 Jan 2026	US$501.1b	US$404.0b	US$61.5b	9.7x	8.1x	1.2x
Sun, 21 Dec 2025	US$399.9b	US$284.0b	US$38.4b	9.3x	10.4x	1.4x
Tue, 18 Nov 2025	US$413.1b	US$287.7b	US$38.2b	9x	10.8x	1.4x
Thu, 16 Oct 2025	US$430.1b	US$286.5b	US$25.5b	14.2x	16.9x	1.5x
Sat, 13 Sep 2025	US$447.2b	US$286.5b	US$25.5b	15.1x	17.5x	1.6x
Mon, 11 Aug 2025	US$432.6b	US$286.4b	US$25.5b	15.8x	17x	1.5x
Wed, 09 Jul 2025	US$433.1b	US$282.4b	US$27.5b	17.3x	15.7x	1.5x
Fri, 06 Jun 2025	US$418.7b	US$282.3b	US$27.5b	17x	15.2x	1.5x
Sun, 04 May 2025	US$422.1b	US$283.2b	US$29.3b	14.1x	14.4x	1.5x
Tue, 01 Apr 2025	US$433.2b	US$281.8b	US$28.1b	13.8x	15.4x	1.5x
Thu, 27 Feb 2025	US$417.1b	US$281.3b	US$28.5b	13.6x	14.6x	1.5x
Sat, 25 Jan 2025	US$368.4b	US$283.7b	US$13.1b	18.4x	28x	1.3x
Mon, 23 Dec 2024	US$374.4b	US$284.8b	US$12.9b	18.8x	29x	1.3x
Wed, 20 Nov 2024	US$382.7b	US$281.4b	US$13.3b	19.1x	28.9x	1.4x
Fri, 18 Oct 2024	US$382.3b	US$281.4b	US$21.2b	18.4x	18x	1.4x
Sun, 15 Sep 2024	US$382.6b	US$281.4b	US$21.2b	18.7x	18.1x	1.4x
Tue, 13 Aug 2024	US$346.3b	US$281.3b	US$21.2b	20.6x	16.3x	1.2x
Thu, 11 Jul 2024	US$340.2b	US$281.1b	US$22.7b	23.1x	15x	1.2x
Sat, 08 Jun 2024	US$335.9b	US$281.1b	US$22.7b	26.9x	14.8x	1.2x
Mon, 06 May 2024	US$313.3b	US$281.5b	US$22.7b	26.8x	13.8x	1.1x
Wed, 03 Apr 2024	US$331.4b	US$281.7b	US$22.5b	27.8x	14.7x	1.2x
Fri, 01 Mar 2024	US$321.0b	US$283.9b	US$20.8b	25.2x	15.4x	1.1x
Sun, 28 Jan 2024	US$340.7b	US$300.5b	US$8.4b	14.3x	40.8x	1.1x
Tue, 26 Dec 2023	US$315.6b	US$300.0b	-US$7,362,413,411.00	12.9x	-42.9x	1.1x
Thu, 23 Nov 2023	US$305.5b	US$300.0b	-US$7,363,755,095.00	10.1x	-41.5x	1x
Sat, 21 Oct 2023	US$276.9b	US$301.4b	-US$4,556,318,232.00	7.8x	-60.8x	0.9x
Mon, 18 Sep 2023	US$287.6b	US$301.1b	-US$2,062,129,599.00	9.5x	-139.5x	1x


US Market	-2.20%
Telecom	-1.32%
Telecom Services and Carriers	-1.32%
Alternative Carriers	-1.05%
Integrated Telecom Services	-2.50%

Company	Last Price	7D	1Y	Valuation
BAND Bandwidth	US$51.62	9.6% +US$145.8m	214.8%	PE733.7x
TSAT Telesat	US$47.14	7.0% +US$47.0m	115.0%	PS2.7x
IDT IDT	US$69.42	1.0% +US$17.2m	6.0%	PE21.1x
IRDM Iridium Communications	US$47.03	0.2% +US$8.5m	155.7%	PE53.4x
IQST iQSTEL	US$0.97	6.1% +US$604.7k	-84.7%	PS0.03x

Announcement • Sep 03

iQSTEL Inc. Launches IDILIO TV Microdrama Entertainment Service With Mobile-Operator Distribution Channels

iQSTEL Inc. has launched the IDILIO TV commercial sales pipeline with mobile operators as part of its strategy to build scalable, high-margin recurring digital revenue. IDILIO TV is backed by a $5 million seed round led by a16z Speedrun, with Goodwater Capital, WndrCo and Nubank founder David Vélez participating. IQSTEL announced a corporate objective to establish mobile-operator distribution channels capable of reaching a potential audience of approximately 40 million mobile users by the end of the second quarter of 2027 for the microdrama entertainment service offered through its strategic partnership with IDILIO TV. The initiative is built directly on infrastructure IQSTEL already owns. The Company maintains commercial relationships with more than 600 telecommunications operators across 24 countries, whose networks collectively provide potential access to approximately 2.3 billion end users. IQSTEL now intends to use the same commercial channel as a distribution pipeline for premium digital content — creating a route to monetize an existing platform in higher-margin, recurring-revenue services. The Company's 40 million-user objective refers to the combined potential audience represented by the mobile operators it targets for distribution agreements. It does not represent 40 million existing or guaranteed paying subscribers. The IDILIO TV partnership is intended to demonstrate a different use for the same asset. A carrier relationship that can terminate SMS traffic can also bundle, market and bill for a subscription entertainment service. IQSTEL's existing operator integrations, commercial relationships and billing rails are expected to support the distribution and billing capabilities required to commercialize the service. What changes is the product moving across that infrastructure — and the potential margin profile associated with it. Through integrations with participating mobile operators, IDILIO TV may be offered through direct carrier billing, standalone subscriptions and value-added mobile service bundles. Direct carrier billing is intended to support the model at scale. Rather than requiring a credit card, app-store account or separate payment relationship, the subscription charge may appear on the customer's existing mobile bill. For Spanish-speaking markets in Latin America and diaspora communities where card penetration may be uneven, simplifying the payment process could reduce barriers to subscription while using billing infrastructure already operated by participating mobile carriers. For participating operators, the service could create an incremental revenue opportunity and customer-retention tool without requiring the operator to produce original content. For IQSTEL, each executed agreement could expand the potential audience, increase brand visibility and support subscriber growth—creating a possible compounding or "snowball effect" as operators are added. The model is designed to create a scalable source of recurring revenue for IQSTEL. For illustrative purposes only, at an assumed penetration rate of 1.25% of a 40 million-user potential audience, the service would reach approximately 500,000 gross paying subscribers by the end of 2027. The gross subscriber count does not include churned subscribers. Because premium digital content is expected to generate substantially higher margins than traditional wholesale telecommunications services, IQSTEL believes this model could make a meaningful contribution to revenue diversification, margin expansion and long-term profitability. The 1.25% penetration rate is an assumption used solely to illustrate the arithmetic of the model. This penetration rate does not account for subscriber churn. It is not derived from executed agreements, existing subscriber data or Company forecasts. Actual subscriber adoption, pricing, revenue and profitability will depend on executed operator agreements, commercial terms, market conditions and consumer response. This illustration is not financial guidance or a revenue forecast. Microdramas—also known as vertical dramas or micronovelas—are serialized fictional programs created specifically for smartphones. Episodes generally run between one and three minutes, are filmed vertically and use fast-paced storytelling and cliffhangers to encourage viewers to continue watching. The format brings the emotional intensity of the Latin American telenovela tradition to the way consumers now use their phones: frequently, vertically and in short sessions throughout the day. Although the microdrama category has expanded rapidly, a significant portion of its commercial development has been concentrated in China. IQSTEL believes this creates an opportunity to serve a Spanish-language market that remains comparatively underserved. Spanish is spoken by more than 630 million people worldwide, including highly connected diaspora communities that maintain strong relationships with their language, culture and entertainment traditions. IQSTEL believes the combination of authentic Spanish-language content and carrier-level distribution can address both the content and distribution components of this opportunity. IDILIO TV closed a $5 million seed round led by a16z Speedrun, Andreessen Horowitz's media and entertainment accelerator, with participation from Goodwater Capital, Jeffrey Katzenberg's WndrCo, and Nubank founder David Vélez individually. IDILIO TV was co-founded by CEO Gabriela Tafur Standford MBA and CTO Esteban Ramírez, who holds an MBA and a master's degree in computer science from MIT. Its productions are developed by professionals with extensive experience in Colombian and Latin American television. Its series and executives have received prestigious awards, including the 42nd India Catalina Awards at the 2026 Cartagena International Film Festival (FICCI), where its series Llamado en la Madrugada (Call in the Early Hours) was recognized as Best Vertical Fiction Series. According to IDILIO TV, the platform has surpassed 2 million downloads, availability in more than 120 countries and 49 original series launched. Its content is available on iOS and Android devices. The IDILIO TV initiative forms part of IQSTEL's broader EBITDA and margin expansion strategy, focused on introducing higher-margin services—including premium digital content, fintech, artificial intelligence, cybersecurity and digital health—through the Company's existing global telecommunications ecosystem. IQSTEL believes that expanding its portfolio of scalable, recurring-revenue digital services can improve its revenue mix and, if successfully commercialized, contribute to long-term profitability and EBITDA growth. IQSTEL reported preliminary, unaudited revenue of approximately $207 million for the first half of 2026, compared with approximately $130 million in the prior-year period.

U.S. Telecom Services and Carriers Industry Analysis

Industry Valuation and Performance

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