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 67.8x which is higher than its 3-year average PE of 3.9x. The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 5.7x.

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 14.8x. Analysts are expecting annual earnings growth of 4.0%, 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, 14 Aug 2026	US$2.4t	US$430.4b	US$36.0b	20.4x	67.8x	5.7x
Sun, 12 Jul 2026	US$2.4t	US$426.6b	US$41.4b	18.7x	57.6x	5.6x
Tue, 09 Jun 2026	US$932.1b	US$429.5b	US$42.0b	15x	22.2x	2.2x
Thu, 07 May 2026	US$529.7b	US$410.2b	US$51.4b	12.9x	10.3x	1.3x
Sat, 04 Apr 2026	US$570.9b	US$406.4b	US$51.3b	13.5x	11.1x	1.4x
Mon, 02 Mar 2026	US$575.1b	US$406.4b	US$50.8b	10.6x	11.3x	1.4x
Wed, 28 Jan 2026	US$503.8b	US$404.0b	US$61.5b	9.8x	8.2x	1.2x
Fri, 26 Dec 2025	US$406.8b	US$284.0b	US$38.4b	9.4x	10.6x	1.4x
Sun, 23 Nov 2025	US$402.5b	US$284.0b	US$38.4b	9x	10.5x	1.4x
Tue, 21 Oct 2025	US$426.7b	US$286.5b	US$25.5b	14x	16.7x	1.5x
Thu, 18 Sep 2025	US$445.5b	US$286.5b	US$25.5b	15.2x	17.5x	1.6x
Sat, 16 Aug 2025	US$440.9b	US$286.4b	US$25.5b	15.3x	17.3x	1.5x
Mon, 14 Jul 2025	US$417.5b	US$282.4b	US$27.5b	16.1x	15.2x	1.5x
Wed, 11 Jun 2025	US$426.7b	US$282.3b	US$27.5b	17x	15.5x	1.5x
Fri, 09 May 2025	US$428.1b	US$283.2b	US$27.2b	16.8x	15.7x	1.5x
Sun, 06 Apr 2025	US$410.9b	US$281.9b	US$28.1b	13.4x	14.6x	1.5x
Tue, 04 Mar 2025	US$420.2b	US$281.3b	US$28.2b	10.5x	14.9x	1.5x
Thu, 30 Jan 2025	US$387.3b	US$284.5b	US$22.7b	16.2x	17x	1.4x
Sat, 28 Dec 2024	US$378.8b	US$284.8b	US$12.9b	18.8x	29.3x	1.3x
Mon, 25 Nov 2024	US$388.5b	US$281.4b	US$13.3b	19.4x	29.3x	1.4x
Wed, 23 Oct 2024	US$381.2b	US$281.4b	US$19.8b	18.2x	19.3x	1.4x
Fri, 20 Sep 2024	US$380.5b	US$281.4b	US$21.2b	18.6x	18x	1.4x
Sun, 18 Aug 2024	US$347.6b	US$281.4b	US$21.2b	18.8x	16.4x	1.2x
Tue, 16 Jul 2024	US$342.2b	US$281.1b	US$22.7b	23.4x	15.1x	1.2x
Thu, 13 Jun 2024	US$328.3b	US$281.1b	US$22.7b	25.9x	14.5x	1.2x
Sat, 11 May 2024	US$319.7b	US$281.0b	US$22.7b	26.7x	14.1x	1.1x
Mon, 08 Apr 2024	US$329.6b	US$281.7b	US$22.5b	27.6x	14.6x	1.2x
Wed, 06 Mar 2024	US$319.8b	US$283.8b	US$20.8b	28.1x	15.4x	1.1x
Fri, 02 Feb 2024	US$345.9b	US$300.5b	US$8.4b	14.1x	41.4x	1.2x
Sun, 31 Dec 2023	US$319.2b	US$300.0b	-US$7,362,413,150.00	15x	-43.4x	1.1x
Tue, 28 Nov 2023	US$309.1b	US$300.0b	-US$7,362,663,532.00	10x	-42x	1x
Thu, 26 Oct 2023	US$283.1b	US$300.5b	-US$4,694,312,056.00	7x	-60.3x	0.9x
Sat, 23 Sep 2023	US$284.5b	US$301.1b	-US$2,062,125,496.00	8.3x	-138x	0.9x
Mon, 21 Aug 2023	US$277.4b	US$301.0b	-US$2,059,802,299.00	10.5x	-134.7x	0.9x


US Market	1.74%
Telecom	3.01%
Telecom Services and Carriers	18.18%
Alternative Carriers	22.24%
Integrated Telecom Services	3.27%

Company	Last Price	7D	1Y	Valuation
SPCX Space Exploration Technologies	US$141.29	22.9% +US$347.6b	n/a	PS80.8x
T AT&T	US$24.58	3.7% +US$6.0b	-14.5%	PE7.8x
VZ Verizon Communications	US$48.22	2.6% +US$5.1b	10.9%	PE12.4x
CMCSA Comcast	US$26.18	4.0% +US$3.6b	-20.4%	PE8.3x
ASTS AST SpaceMobile	US$71.52	6.2% +US$1.3b	47.5%	PS186x

Announcement • 32m

Space Exploration Technologies Corp. (NasdaqGS:SPCX) completed the acquisition of Anysphere, Inc.

Space Exploration Technologies Corp. (NasdaqGS:SPCX) entered into an agreement and plan of merger to acquire Anysphere, Inc for $60 billion on June 16, 2026. The consideration would be settled into shares of the Space Exploration Technologies Corp.’s Class A common stock based on an implied equity value of Anysphere, Inc. of $60 billion, on a fully diluted basis. Under the terms of the agreement, each share of Anysphere, Inc’s common stock and each share of Anysphere, Inc’s preferred stock outstanding immediately prior to the effective time of the erger will be automatically converted into the right to receive shares of the Space Exploration Technologies Corp.’s Class A common stock based on an implied fully diluted equity value of Anysphere, Inc. of $60 billion. In the event of termination of the transaction under certain circumstances, Anysphere, Inc is entitled to receive a termination fee of $1.5 billion. For the period ended January 31, 2026, Anysphere, Inc reported total assets of $3.1 billion and had $2.7 billion of cash and cash equivalents. The transaction is subject to subject to antitrust regulations, regulatory approvals, approval by the shareholders of Anysphere, Inc., listing of shares to be issued as merger consideration, and other customary closing conditions. The deal has been unanimously approved by the Board of Directors of Space Exploration Technologies and Anysphere. The merger is expected to close during the third quarter of 2026. George Sampas of Gibson, Dunn & Crutcher LLP acted as legal advisor for Space Exploration Technologies Corp. Sarkis Jebejian, Keri Schick Norton, Steven M. Choi, William Stanton, Julian J. Seiguer, Anthony Sanderson, Seth Traxler, Matthew Wood, Scott D. Price, Kelsie Harris, Dean S. Shulman, Vivek Ratnam, Maria Raptis, Lauren Taylor, Alexandra Mihalas, R.D. Kohut, Hannah Fraley, Jennifer B. Sheehan, and Michael Saretsky of Kirkland & Ellis LLP acted as legal advisor for Anysphere, Inc. Space Exploration Technologies Corp. (NasdaqGS:SPCX) completed the acquisition of Anysphere, Inc on August 14, 2026. Pursuant to the Merger Agreement, (i) the shares of Anysphere’s common stock and the shares of Anysphere’s preferred stock outstanding were automatically converted into the right to receive an aggregate of 390 million shares of SPCX Class A common stock, based on an implied equity value of Anysphere of $60 billion and a price per share of the SPCX Class A common stock equal to the volume-weighted average closing price over the seven consecutive trading days immediately preceding the closing of the Merger, (ii) the vested Cursor restricted stock units outstanding were automatically converted into the right to receive an aggregate of 1.8 million shares of the SPCX Class A common stock, and (iii) the unvested Anysphere restricted stock units and Anysphere stock options outstanding were assumed and converted into an aggregate of approximately 29.1 million SPCX restricted stock units with respect to the SPCX Class A common stock and approximately 44.4 million stock options to purchase the SPCX Class A common stock, respectively.

Announcement • Aug 13

Verizon Communications Announces Preorders For Google Pixel 11 Series And Pixel Watch 5

Verizon Communications announced that preorders for the Google Pixel 11 series begin August 12 on Verizon’s Simplicity Plan and business options. Preorders for the Pixel 11, Pixel Pro, Pixel Pro XL, Pixel Pro Fold and Pixel Watch 5 start August 12 (10 am ET); general availability begins August 20. With the Pixel 11, Pixel 11 Pro, Pixel 11 Pro XL and the Pixel 11 Pro Fold, customers can experience Gemini Intelligence and cutting-edge automation features. All four models, including the new Pixel Watch 5, will be available for customers at Verizon stores and online, with preorders starting August 12 at 10 am ET. Pixel 11 will be available in Frost, Obsidian, Pistachio and Hibiscus starting at $899.99. Pixel 11 Pro will be available in Obsidian, Fog, Olive and Canyon starting at $1,099.99. Pixel 11 Pro XL will be available in Obsidian, Olive and Canyon starting at $1,299.99. Pixel 11 Pro Fold will be available in Obsidian for $1,899.99. Pixel Watch 5 will be available in 41mm and 45mm sizes in Obsidian and Canyon (41mm only) starting at $499.99. Verizon’s latest wireless plan is simple, transparent and built around what customers actually need, with no activation or upgrade fees though Verizon Loyalty. By pairing Google’s hardware with the Simplicity Plan, users get 5G access, clear monthly value and flexibility. Customers can choose Simplicity Pro to upgrade their Pixel 11 Pro every year. Switch to a Simplicity Plan & get Pixel 11 Pro: Get one line on Simplicity and the new Pixel 11 Pro (256GB) for $45/month total ($15 device payment + $30 plan rate) for 48 months with no trade-in required. Verizon applies $380 in promotional credits to lower the device payment to $15/mo. To qualify for the $30/month Simplicity rate, new customers must activate a new smartphone line on the Simplicity Plan, sign up for Auto Pay and paper-free billing ($10/mo savings), and switch their number from another carrier ($15/mo savings). Switch, get Pixel 11 Pro on us, and upgrade every year: Get one line on Simplicity, the new Google Pixel 11 Pro (256GB) on us and upgrade to the latest Pixel model every year on the Simplicity Pro plan for $80/month. With Simplicity Pro, you can return your phone in good working condition and upgrade to a new model once you’ve paid off at least 33% of the device (or every 12 months). New line: Trade-in and save up to $1,100: Trade in your eligible phone and sign up for a new line to receive up to $1,100 off the new Pixel 11 series smartphone. Purchase your new device on a 36-month, interest-free payment plan and sign up for a new line on an eligible myPlan. Verizon covers up to $1,100 of the cost through monthly trade-in/promotional credits applied over 36 months. To qualify, the eligible trade-in phone must be active on your Verizon account for at least 60 days before your new purchase. Existing customers: Upgrade and save up to $900: Trade in your eligible phone to receive up to $900 off the Pixel 11 series on an eligible myPlan. Purchase your new device on a 36-month, interest-free payment plan and trade-in an existing Apple, Samsung, Google or Motorola phone that has been active on your account for at least 60 days. Verizon covers up to $900 of the cost through monthly trade-in/promotional credits applied over 36 months. Bundle a Pixel and save: Buy a new Pixel on a payment plan or bring your own Pixel phone with a new line, and get a new Pixel Watch 5 and a Galaxy Tab S10 FE on us. Buy an eligible phone or bring-your-own-phone with a new line activation, purchase the watch and tablet on a 36-month, interest-free payment plan and add a monthly service line for each device, starting at $15 a month with Auto Pay. Verizon covers the hardware costs by providing monthly promotional credits (up to $650 per device) over 36 months. If you bring your own phone, please ensure your new line remains active on your account for at least six months. Accessorize your Pixel: Starting August 12, buy 3 eligible accessories and get 20% off, buy 4 for 25% off, or buy 5 for 30% off. Verizon Business customers: Get up to $900 off the Google Pixel Series for new and existing Verizon Business customers adding a new line or upgrading their device with a qualifying trade-in. Device payment plan and My Biz Plan with $15+ monthly add-on spending required. Trade-in credits applied over 36 months. Unlock the full power of your Pixel 11 with the Google AI Pro perk from Verizon. Get advanced access to Gemini to help you create, brainstorm and simplify your day, plus a massive 5 TB of cloud storage for all your photos and videos. By enrolling in the new Verizon loyalty program using the My Verizon app, customers will receive cash back in Verizon Dollars every single month to use on devices, accessories and more, plus daily surprises, and the end of device upgrade and activation fees. With Verizon Shine, Verizon customers have a reason to look forward to Monday, all year round. All Verizon customers on any plan can enter weekly for a chance to win once-in-a-lifetime experiences, alongside daily drops including tickets to concerts and sporting events, exclusive merchandise, dining vouchers, gift cards and more.

U.S. Telecom Services and Carriers Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Space Exploration Technologies Corp. (NasdaqGS:SPCX) completed the acquisition of Anysphere, Inc.

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