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U.S. Telecom Services and Carriers Industry Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies53
  • 7D3.2%
  • 3M1.0%
  • 1Y-1.7%
  • YTD-7.3%

The Telecom Services and Carriers industry is up 3.2% in the last week, with Space Exploration Technologies up 4.2%. The industry has been flat over the past 12 months despite the gain this week. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 01 Sep 2026US$2.5tUS$430.4bUS$35.9b20.7x69.4x5.8x
Thu, 30 Jul 2026US$2.0tUS$426.6bUS$35.2b19x56.7x4.7x
Sat, 27 Jun 2026US$2.5tUS$426.6bUS$41.4b17.4x60.5x5.9x
Mon, 25 May 2026US$543.7bUS$410.2bUS$51.3b14.2x10.6x1.3x
Wed, 22 Apr 2026US$547.2bUS$406.6bUS$51.3b12.6x10.7x1.3x
Fri, 20 Mar 2026US$564.7bUS$406.4bUS$50.8b13.4x11.1x1.4x
Sun, 15 Feb 2026US$577.0bUS$406.3bUS$55.9b9.7x10.3x1.4x
Tue, 13 Jan 2026US$518.0bUS$410.1bUS$61.1b9.3x8.5x1.3x
Thu, 11 Dec 2025US$403.8bUS$284.0bUS$38.4b9.2x10.5x1.4x
Sat, 08 Nov 2025US$404.3bUS$287.6bUS$38.0b11.5x10.6x1.4x
Mon, 06 Oct 2025US$439.9bUS$286.5bUS$25.5b14.8x17.3x1.5x
Wed, 03 Sep 2025US$449.2bUS$286.4bUS$25.5b15.5x17.6x1.6x
Fri, 01 Aug 2025US$427.7bUS$286.2bUS$28.9b15.5x14.8x1.5x
Sun, 29 Jun 2025US$423.8bUS$282.4bUS$27.5b17.2x15.4x1.5x
Tue, 27 May 2025US$417.7bUS$282.3bUS$27.5b16.8x15.2x1.5x
Thu, 24 Apr 2025US$414.9bUS$283.1bUS$29.4b13x14.1x1.5x
Sat, 22 Mar 2025US$419.2bUS$281.8bUS$28.2b10.6x14.9x1.5x
Mon, 17 Feb 2025US$402.4bUS$284.5bUS$22.8b17.3x17.7x1.4x
Wed, 15 Jan 2025US$358.6bUS$283.6bUS$13.1b18.2x27.3x1.3x
Fri, 13 Dec 2024US$389.8bUS$284.8bUS$12.9b19x30.2x1.4x
Sun, 10 Nov 2024US$374.5bUS$281.4bUS$13.4b19.1x27.9x1.3x
Tue, 08 Oct 2024US$383.3bUS$281.4bUS$21.2b18.3x18.1x1.4x
Thu, 05 Sep 2024US$365.1bUS$281.4bUS$21.2b18.8x17.2x1.3x
Sat, 03 Aug 2024US$347.5bUS$281.2bUS$22.6b21.1x15.4x1.2x
Mon, 01 Jul 2024US$341.5bUS$281.1bUS$22.7b23.2x15.1x1.2x
Wed, 29 May 2024US$322.0bUS$281.1bUS$22.7b27.1x14.2x1.1x
Fri, 26 Apr 2024US$311.6bUS$281.7bUS$21.5b26.8x14.5x1.1x
Sun, 24 Mar 2024US$319.1bUS$281.7bUS$22.5b26.3x14.2x1.1x
Tue, 20 Feb 2024US$323.0bUS$283.8bUS$21.0b21.5x15.4x1.1x
Thu, 18 Jan 2024US$319.0bUS$300.0b-US$7,362,410,382.0015.8x-43.3x1.1x
Sat, 16 Dec 2023US$313.4bUS$300.0b-US$7,362,237,819.0012.4x-42.6x1x
Mon, 13 Nov 2023US$296.7bUS$300.0b-US$7,139,916,405.009x-41.6x1x
Wed, 11 Oct 2023US$275.8bUS$301.1b-US$2,062,115,337.008.7x-133.7x0.9x
Fri, 08 Sep 2023US$283.6bUS$301.1b-US$2,065,995,934.0010x-137.3x0.9x
Price to Earnings Ratio

-137.3x


Total Market Cap: US$283.6bTotal Earnings: -US$2,065,995,934.00Total Revenue: US$301.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 7.5x202420252026
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 69.4x which is higher than its 3-year average PE of 7.5x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 5.8x.
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 Market0.071%
Telecom-0.37%
Telecom Services and Carriers3.15%
Alternative Carriers3.99%
Integrated Telecom Services-0.17%
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?

CompanyLast Price7D1YValuation
SPCX Space Exploration TechnologiesUS$143.694.2%
+US$77.9b		n/aPS84.6x
T AT&TUS$25.890.8%
+US$1.4b		-11.6%PE8.3x
LUMN Lumen TechnologiesUS$6.2510.2%
+US$598.2m		25.8%PS0.5x
BAND BandwidthUS$48.434.5%
+US$66.9m		222.9%PE688.4x
LILA Liberty Latin AmericaUS$8.612.3%
+US$37.2m		6.8%PS0.4x

Latest News

BAND
US$48.43
Bandwidth
7D
4.5%
1Y
222.9%
GSAT
US$81.55
Globalstar
7D
-0.6%
1Y
168.7%
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
LUMN
US$6.25
Lumen Technologies
7D
10.2%
1Y
25.8%
T
US$25.89
AT&T
7D
0.8%
1Y
-11.6%
SPCX
US$143.69
Space Exploration Technologies
7D
4.2%
1Y
n/a
Narrative Update • Aug 28

SpaceX’s path to $300B may be on Earth

SpaceX’s first earnings call materially changed how I think about the company. The biggest surprise was AI infrastructure.
CMCSA
US$26.62
Comcast
7D
-1.8%
1Y
-22.0%
IRDM
US$46.98
Iridium Communications
7D
-0.3%
1Y
89.6%
Narrative Update • Aug 27

IRDM: Rocket Lab Deal Premium Will Likely Outrun Long Term Cash Returns

Analysts have lifted the fair value estimate for Iridium Communications to $36.00 from $16.00, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples in light of recent price target increases following Rocket Lab's planned $8b acquisition of the company and Iridium's Q2 revenue and subscriber beat. Analyst Commentary Street research on Iridium Communications since the Rocket Lab acquisition announcement has been active, with several firms revisiting their valuation work and ratings.
LILA
US$8.61
Liberty Latin America
7D
2.3%
1Y
6.8%
Narrative Update • Aug 24

LILA: Buybacks And Puerto Rico Litigation Resolution Will Drive Future Upside

Analysts have raised the fair value estimate for Liberty Latin America from $12.20 to $14.00. This reflects updated views on valuation, discount rates and earnings multiples following recent research, where price targets such as $7 and commentary on buybacks and Puerto Rico litigation have been highlighted.
VZ
US$50.02
Verizon Communications
7D
-0.3%
1Y
13.1%
ASTS
US$59.10
AST SpaceMobile
7D
-5.2%
1Y
20.8%
TSAT
US$43.40
Telesat
7D
2.9%
1Y
109.4%
Seeking Alpha • Aug 17

Telesat: Lightspeed's Strategic Value Is The Bull Case

Summary TSAT remains a two-part story. First, it has a declining GEO business. But it also has an ongoing Lightspeed buildout. Lightspeed is moving into production, with the planned constellation now expanded to 225 satellites. TSAT targets to have global commercial service ready by the end of Q1 2028. Plus, TSAT signed a C$2.7 billion Canadian defense agreement. This agreement suggests that their LEO backlog is probably closer to C$5.6 billion. And I believe that underlies Lightspeed's long-term strategic value. TSAT's timeline is now more concrete than when I first covered them. So, I feel the shares are a viable speculative "Buy" at these levels. Read the full article on Seeking Alpha
IHS
US$8.41
IHS Holding
7D
1.1%
1Y
16.0%
ATNI
US$30.17
ATN International
7D
-2.5%
1Y
77.5%
GLIB.A
US$26.70
Liberty Capital
7D
-0.6%
1Y
-28.0%
LBTY.A
US$10.75
Liberty Global
7D
-0.4%
1Y
-7.5%
SIFY
US$14.91
Sify Technologies
7D
3.2%
1Y
51.7%