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U.S. Wireless Telecom Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies21
  • 7D-2.7%
  • 3M-14.8%
  • 1Y-8.6%
  • YTD-3.9%

Over the last 7 days, the Wireless Telecom industry has dropped 2.7%, driven by a pullback from T-Mobile US of 3.7%. In contrast, Millicom International Cellular has gained 8.1%. The industry has fallen 8.6% in the last year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026US$241.2bUS$106.5bUS$14.0b17.2x17.2x2.3x
Sun, 14 Dec 2025US$243.8bUS$106.5bUS$14.0b17.5x17.4x2.3x
Tue, 11 Nov 2025US$253.8bUS$106.4bUS$14.5b18.1x17.5x2.4x
Thu, 09 Oct 2025US$281.1bUS$104.3bUS$14.3b19.2x19.6x2.7x
Sat, 06 Sep 2025US$309.4bUS$104.3bUS$14.3b21.1x21.6x3x
Mon, 04 Aug 2025US$288.5bUS$102.7bUS$12.8b21.9x22.5x2.8x
Wed, 02 Jul 2025US$286.2bUS$101.4bUS$12.5b20.7x22.8x2.8x
Fri, 30 May 2025US$294.0bUS$101.4bUS$12.5b19x23.5x2.9x
Sun, 27 Apr 2025US$283.2bUS$101.6bUS$12.4b14.8x22.8x2.8x
Tue, 25 Mar 2025US$310.9bUS$102.8bUS$12.2b10.5x25.4x3x
Thu, 20 Feb 2025US$327.8bUS$102.9bUS$11.7b11.7x27.9x3.2x
Sat, 18 Jan 2025US$268.1bUS$101.5bUS$10.8b13.7x24.9x2.6x
Mon, 16 Dec 2024US$285.9bUS$101.5bUS$10.7b11.9x26.6x2.8x
Wed, 13 Nov 2024US$293.5bUS$101.5bUS$10.5b9.8x28x2.9x
Fri, 11 Oct 2024US$262.1bUS$100.7bUS$9.7b14.9x27.1x2.6x
Sun, 08 Sep 2024US$239.5bUS$100.7bUS$9.7b15.1x24.7x2.4x
Tue, 06 Aug 2024US$235.0bUS$101.0bUS$9.9b12.6x23.7x2.3x
Thu, 04 Jul 2024US$224.7bUS$100.4bUS$9.1b13.1x24.7x2.2x
Sat, 01 Jun 2024US$220.1bUS$100.4bUS$8.8b20.9x25.1x2.2x
Mon, 29 Apr 2024US$202.9bUS$99.9bUS$8.8b18.3x23.1x2x
Wed, 27 Mar 2024US$201.9bUS$100.2bUS$8.1b19.9x24.8x2x
Fri, 23 Feb 2024US$204.3bUS$97.5bUS$8.1b21.7x25.1x2.1x
Sun, 21 Jan 2024US$202.7bUS$100.9bUS$8.3b12.6x24.4x2x
Tue, 19 Dec 2023US$192.0bUS$100.9bUS$8.3b15.6x23.1x1.9x
Thu, 16 Nov 2023US$181.9bUS$100.2bUS$8.3b8.7x21.9x1.8x
Sat, 14 Oct 2023US$178.9bUS$100.9bUS$6.7b7x26.8x1.8x
Mon, 11 Sep 2023US$174.3bUS$100.9bUS$6.7b6.9x26.1x1.7x
Wed, 09 Aug 2023US$172.6bUS$100.0bUS$6.4b11.8x26.9x1.7x
Fri, 07 Jul 2023US$176.1bUS$99.7bUS$4.2b17.8x41.4x1.8x
Sun, 04 Jun 2023US$166.4bUS$99.7bUS$4.2b21x39.2x1.7x
Tue, 02 May 2023US$181.9bUS$104.0bUS$3.9b45x46.6x1.7x
Thu, 30 Mar 2023US$185.0bUS$104.4bUS$2.7b49.1x68.5x1.8x
Sat, 25 Feb 2023US$186.8bUS$104.4bUS$2.8b34.8x66x1.8x
Mon, 23 Jan 2023US$190.5bUS$105.2bUS$2.4b22x78.7x1.8x
Price to Earnings Ratio

78.7x


Total Market Cap: US$190.5bTotal Earnings: US$2.4bTotal Revenue: US$105.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 29.7x202420252026
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 17.2x which is lower than its 3-year average PE of 29.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 79% 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 Market0.31%
Telecom-0.039%
Wireless Telecom-2.69%
Wireless Telecom Services-2.69%
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
TIGO Millicom International CellularUS$56.038.1%
+US$701.8m		107.4%PE8.5x
TDS Telephone and Data SystemsUS$44.519.3%
+US$436.8m		27.1%PE91.2x
AD Array Digital InfrastructureUS$55.877.3%
+US$327.4m		-10.7%PE25.8x
VEON VEONUS$54.615.0%
+US$180.1m		19.0%PE5.9x
SURG SurgePaysUS$1.9617.4%
+US$6.1m		24.1%PS0.8x

Latest News

FNGR
US$1.22
FingerMotion
7D
-5.4%
1Y
1.7%
SURG
US$1.96
SurgePays
7D
17.4%
1Y
24.1%
AD
US$55.87
Array Digital Infrastructure
7D
7.3%
1Y
-10.7%
GOGO
US$4.78
Gogo
7D
-5.9%
1Y
-38.1%
KYIV
US$12.12
Kyivstar Group
7D
-2.3%
1Y
18.9%
TMUS
US$190.66
T-Mobile US
7D
-3.7%
1Y
-11.6%
KORE
US$4.91
KORE Group Holdings
7D
2.9%
1Y
132.7%

KORE: US$5 Offer Will Define Near Term Path And Deal Risk

Analysts have reset their price target on KORE Group Holdings to US$5.00 from US$9.00, pointing to the US$5.00 per share non binding offer as both a reference point and an effective cap on near term upside. Analyst Commentary Recent commentary around KORE Group Holdings has focused heavily on the US$5.00 per share non binding offer, which is shaping both how analysts think about upside and how they frame the risks.
SPOK
US$13.23
Spok Holdings
7D
0.4%
1Y
-17.8%
VEON
US$54.61
VEON
7D
5.0%
1Y
19.0%

VEON: AI And Satellite Connectivity Will Support Emerging Markets Upside

Analysts now see room for a higher valuation on VEON, raising their price target to align with a fair value of US$76.68. This view is supported by updated assumptions for slightly stronger revenue growth, higher profit margins and a lower future P/E multiple.
TIGO
US$56.03
Millicom International Cellular
7D
8.1%
1Y
107.4%

TIGO: Future Margin Expansion May Support Balanced Upside Despite Recent Rally

Analysts have raised their price target on Millicom International Cellular from $55 to about $63 per share, citing expectations of stronger revenue growth and higher profit margins. They also see potential for continued share upside despite the recent rally.
TDS
US$44.51
Telephone and Data Systems
7D
9.3%
1Y
27.1%

TDS: Future Upside Will Depend On Completing Pending Spectrum Divestitures

Analysts modestly raised their price target on Telephone and Data Systems to about $48.67, citing the company’s ongoing transformation efforts, including the sale of its wireless operations and spectrum divestitures, as key drivers of potential additional shareholder value. Analyst Commentary Analysts highlight that the renewed coverage and updated price target reflect growing confidence in Telephone and Data Systems’ ability to execute its strategic transformation, while also underscoring several execution and valuation risks that could limit upside if not addressed.