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U.S. Wireless Telecom Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies22
  • 7D2.9%
  • 3M8.3%
  • 1Y-17.2%
  • YTD0.9%

In the last week, the Wireless Telecom industry is up 2.5%, with T-Mobile US up 3.1%. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the U.S. Wireless Telecom Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026US$251.1bUS$103.4bUS$13.3b19.9x18.8x2.4x
Thu, 19 Mar 2026US$263.3bUS$102.3bUS$13.2b20x19.9x2.6x
Sat, 14 Feb 2026US$265.9bUS$109.0bUS$13.1b19.6x20.3x2.4x
Mon, 12 Jan 2026US$249.6bUS$106.5bUS$14.0b17.5x17.8x2.3x
Wed, 10 Dec 2025US$250.3bUS$106.4bUS$14.2b13.6x17.7x2.4x
Fri, 07 Nov 2025US$253.1bUS$106.2bUS$14.0b13.2x18.1x2.4x
Sun, 05 Oct 2025US$284.2bUS$104.3bUS$14.3b19.3x19.8x2.7x
Tue, 02 Sep 2025US$309.8bUS$104.3bUS$14.3b21.9x21.6x3x
Thu, 31 Jul 2025US$291.1bUS$102.7bUS$12.8b22x22.7x2.8x
Sat, 28 Jun 2025US$281.9bUS$101.4bUS$12.5b19.9x22.5x2.8x
Mon, 26 May 2025US$295.4bUS$101.4bUS$12.5b17.2x23.6x2.9x
Wed, 23 Apr 2025US$307.9bUS$100.3bUS$11.8b14.2x26x3.1x
Fri, 21 Mar 2025US$314.7bUS$102.8bUS$12.3b10.3x25.5x3.1x
Sun, 16 Feb 2025US$327.8bUS$102.9bUS$11.7b11.4x27.9x3.2x
Tue, 14 Jan 2025US$261.9bUS$101.5bUS$10.8b11.5x24.3x2.6x
Thu, 12 Dec 2024US$287.3bUS$101.4bUS$10.4b11.5x27.5x2.8x
Sat, 09 Nov 2024US$285.3bUS$101.5bUS$10.5b8.7x27.3x2.8x
Mon, 07 Oct 2024US$257.7bUS$100.7bUS$9.7b15x26.7x2.6x
Wed, 04 Sep 2024US$246.2bUS$100.7bUS$9.7b15.4x25.4x2.4x
Fri, 02 Aug 2024US$227.5bUS$101.0bUS$9.8b13.3x23.2x2.3x
Sun, 30 Jun 2024US$222.0bUS$100.4bUS$9.1b12.9x24.4x2.2x
Tue, 28 May 2024US$208.9bUS$100.4bUS$8.8b20.3x23.9x2.1x
Thu, 25 Apr 2024US$204.4bUS$99.9bUS$8.3b18.3x24.5x2x
Sat, 23 Mar 2024US$201.2bUS$100.2bUS$8.3b20.8x24.2x2x
Mon, 19 Feb 2024US$200.1bUS$97.5bUS$8.2b18.4x24.5x2.1x
Wed, 17 Jan 2024US$200.0bUS$100.9bUS$8.3b12x24.1x2x
Fri, 15 Dec 2023US$196.2bUS$100.9bUS$8.3b15.6x23.6x1.9x
Sun, 12 Nov 2023US$182.1bUS$100.2bUS$8.3b8.9x22x1.8x
Tue, 10 Oct 2023US$177.3bUS$100.9bUS$6.7b7.1x26.6x1.8x
Thu, 07 Sep 2023US$170.5bUS$100.9bUS$6.7b7x25.6x1.7x
Sat, 05 Aug 2023US$169.9bUS$100.0bUS$6.4b11.4x26.5x1.7x
Mon, 03 Jul 2023US$175.7bUS$99.7bUS$4.2b20.4x41.4x1.8x
Wed, 31 May 2023US$170.9bUS$99.7bUS$4.3b17.8x40.2x1.7x
Fri, 28 Apr 2023US$190.7bUS$104.5bUS$2.7b48.2x70.7x1.8x
Price to Earnings Ratio

70.7x


Total Market Cap: US$190.7bTotal Earnings: US$2.7bTotal Revenue: US$104.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 25.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Wireless Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 18.8x which is lower than its 3-year average PE of 25.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 70% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market3.58%
Telecom4.16%
Wireless Telecom2.86%
Wireless Telecom Services2.86%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TMUS T-Mobile USUS$198.363.1%
+US$6.5b		-21.7%PE19.9x
KYIV Kyivstar GroupUS$12.134.6%
+US$122.4m		8.4%PE22.6x
AD Array Digital InfrastructureUS$49.592.1%
+US$87.3m		-25.5%PE25.3x
GOGO GogoUS$4.929.1%
+US$55.2m		-27.5%PE51.3x
TIGO Millicom International CellularUS$83.430.4%
+US$53.6m		160.1%PE10.6x

Latest News

TMUS
US$198.36
T-Mobile US
7D
3.1%
1Y
-21.7%

T-Mobile US: Top Of Class Growth, Top Of Class Valuation

Apr 20
TIGO
US$83.43
Millicom International Cellular
7D
0.4%
1Y
160.1%

Millicom's Next Growth Is Built On Colombian Simplicity And Chilean Optionality

Apr 20
KYIV
US$12.13
Kyivstar Group
7D
4.6%
1Y
8.4%
GOGO
US$4.92
Gogo
7D
9.1%
1Y
-27.5%
VEON
US$53.11
VEON
7D
0.7%
1Y
26.9%

VEON: Emerging Market AI And Digital Platforms Will Support Future Upside

Analysts have updated their price target on VEON to $80.48, reflecting revised views on the company’s discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News JazzCash, VEON’s subsidiary in Pakistan, reported onboarding its 1,000,000th Raast QR enabled merchant, creating what the company describes as the country’s largest digital payment acceptance network serving 58,000,000 registered customers and processing more than PKR 15,000,000 million in transaction value in 2025, roughly US$53b or about 13% of Pakistan’s GDP (company announcement).
TDS
US$45.37
Telephone and Data Systems
7D
0.2%
1Y
29.7%

TDS: Future Upside Will Rely On Executing Q4-Informed 2026 Outlook

Analysts have raised their price target on Telephone and Data Systems to $56 from $51, citing updated models that factor in the latest Q4 results and the company’s 2026 outlook. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$56 price target as reflecting updated assumptions after the Q4 report and the 2026 outlook, suggesting they view current execution as supportive of that valuation framework.
UCL
US$1.30
uCloudlink Group
7D
-0.8%
1Y
36.8%

Is Now The Time To Put uCloudlink Group (NASDAQ:UCL) On Your Watchlist?

Apr 11
Is Now The Time To Put uCloudlink Group (NASDAQ:UCL) On Your Watchlist?
AD
US$49.59
Array Digital Infrastructure
7D
2.1%
1Y
-25.5%

AD: Spectrum Sale And Special Dividend Will Drive Future Upside Potential

Analysts have adjusted the Array Digital Infrastructure price target from $63.00 to $60.00, citing updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News Array Digital Infrastructure issued 2026 earnings guidance, projecting total revenue in a range of $200 million to $215 million (Corporate Guidance).
KORE
US$9.12
KORE Group Holdings
7D
-0.4%
1Y
265.7%

KORE: Pending Buyout Structure Will Restrict Future Shareholder Upside Potential

Analysts have updated their price target for KORE Group Holdings to reflect a fair value of $5.00, citing small adjustments to the discount rate, profit margin assumptions, and a modestly higher future P/E multiple as key drivers of the change. What's in the News ABRY Partners and Searchlight Capital Partners signed a letter of intent to acquire the remaining majority stake in KORE Group Holdings for approximately US$730 million, and later entered into a definitive agreement for the transaction.
FNGR
US$1.03
FingerMotion
7D
23.8%
1Y
-27.5%