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U.S. Wireless Telecom Services Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.9%
  • 3M9.6%
  • 1Y-13.0%
  • YTDn/a

Over the last 7 days, the Wireless Telecom Services industry has dropped 2.9%, driven by a pullback from T-Mobile US of 2.9%. Meanwhile, FingerMotion actually outperformed within the industry, gaining 7.5% in the last week. The industry has fallen 13% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026US$269.9bUS$105.7bUS$13.3b20.9x20.2x2.6x
Sat, 07 Feb 2026US$248.4bUS$106.5bUS$14.0b17.5x17.8x2.3x
Mon, 05 Jan 2026US$249.8bUS$106.5bUS$14.0b17.5x17.9x2.3x
Wed, 03 Dec 2025US$260.7bUS$106.4bUS$14.2b13.4x18.4x2.4x
Fri, 31 Oct 2025US$265.2bUS$106.1bUS$14.0b16.7x19x2.5x
Sun, 28 Sep 2025US$291.9bUS$104.3bUS$14.3b21x20.4x2.8x
Tue, 26 Aug 2025US$309.9bUS$104.3bUS$14.3b21.4x21.6x3x
Thu, 24 Jul 2025US$286.3bUS$101.4bUS$12.5b22.3x22.9x2.8x
Sat, 21 Jun 2025US$269.5bUS$101.4bUS$12.5b19.8x21.5x2.7x
Mon, 19 May 2025US$295.4bUS$101.4bUS$12.5b16.9x23.6x2.9x
Wed, 16 Apr 2025US$317.9bUS$100.3bUS$11.8b13.9x26.8x3.2x
Fri, 14 Mar 2025US$309.7bUS$102.8bUS$12.3b10.1x25.1x3x
Sun, 09 Feb 2025US$299.1bUS$102.9bUS$11.7b11x25.5x2.9x
Tue, 07 Jan 2025US$271.3bUS$101.5bUS$10.8b14.6x25.2x2.7x
Thu, 05 Dec 2024US$300.8bUS$101.4bUS$10.4b11.9x28.8x3x
Sat, 02 Nov 2024US$274.8bUS$101.5bUS$10.4b9.9x26.4x2.7x
Mon, 30 Sep 2024US$254.5bUS$100.7bUS$9.7b15.7x26.3x2.5x
Wed, 28 Aug 2024US$248.1bUS$100.7bUS$9.7b16x25.6x2.5x
Fri, 26 Jul 2024US$222.6bUS$100.4bUS$9.1b13.9x24.5x2.2x
Sun, 23 Jun 2024US$222.0bUS$100.4bUS$8.8b20.5x25.4x2.2x
Tue, 21 May 2024US$207.0bUS$100.4bUS$8.8b20.6x23.7x2.1x
Thu, 18 Apr 2024US$200.3bUS$99.9bUS$8.3b18.9x24x2x
Sat, 16 Mar 2024US$203.8bUS$100.2bUS$8.3b18.7x24.6x2x
Mon, 12 Feb 2024US$203.3bUS$97.6bUS$8.6b14.7x23.6x2.1x
Wed, 10 Jan 2024US$200.6bUS$100.9bUS$8.3b12.4x24.2x2x
Fri, 08 Dec 2023US$191.5bUS$100.9bUS$8.3b15.7x23.1x1.9x
Sun, 05 Nov 2023US$182.4bUS$100.2bUS$8.4b8.7x21.8x1.8x
Tue, 03 Oct 2023US$177.4bUS$100.9bUS$6.7b6.8x26.6x1.8x
Thu, 31 Aug 2023US$174.9bUS$100.0bUS$6.6b7.2x26.7x1.7x
Sat, 29 Jul 2023US$173.7bUS$99.2bUS$6.3b16.7x27.4x1.8x
Mon, 26 Jun 2023US$168.2bUS$99.8bUS$4.2b19.3x39.6x1.7x
Wed, 24 May 2023US$179.0bUS$104.0bUS$3.8b18.8x46.7x1.7x
Fri, 21 Apr 2023US$186.3bUS$104.5bUS$2.7b53x69x1.8x
Sun, 19 Mar 2023US$183.4bUS$104.4bUS$2.8b32.4x64.5x1.8x
Price to Earnings Ratio

64.5x


Total Market Cap: US$183.4bTotal Earnings: US$2.8bTotal Revenue: US$104.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Services Industry Price to Earnings3Y Average 27.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Wireless Telecommunication Services 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 20.2x which is lower than its 3-year average PE of 27.2x.
  • 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 Telecommunication Services industry have grown 67% 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 Comparison

How does U.S. Wireless Telecom Services compare with similar industries?

US Market-1.47%
Telecom-0.61%
Wireless Telecom-2.85%
Wireless Telecom Services-2.85%
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
FNGR FingerMotionUS$1.3615.3%
+US$11.0m		4.6%PS2.5x
SURG SurgePaysUS$0.8910.8%
+US$2.0m		-21.9%PS0.4x
KORE KORE Group HoldingsUS$9.000.4%
+US$703.0k		270.4%PS0.6x
UCL uCloudlink GroupUS$1.630.6%
+US$376.3k		26.4%PE7.8x

Latest News

UCL
US$1.63
uCloudlink Group
7D
0.6%
1Y
26.4%
TDS
US$43.72
Telephone and Data Systems
7D
-3.2%
1Y
28.6%

TDS: Future Upside Will Hinge On Executing Tower-Led 2026 Outlook

Analysts increased their price target on Telephone and Data Systems by $5 to $56 after the Q4 report, citing updated models and a more optimistic view of the tower business and the 2026 outlook. Analyst Commentary Recent research updates focus on how the Q4 report and the 2026 outlook feed into valuation and execution for Telephone and Data Systems, with particular attention on the tower business and long term growth assumptions.
AD
US$48.03
Array Digital Infrastructure
7D
-2.7%
1Y
-24.5%

AD: Spectrum Sale Cash And Special Dividend Will Balance Future Uncertainty

Analysts have trimmed their price target on Array Digital Infrastructure from about $58.17 to $53.83, citing updated assumptions for fair value, revenue growth, profit margins, and future P/E estimates. What's in the News Array Digital Infrastructure issued 2026 earnings guidance, with total revenue expected in a range of US$200m to US$215m.
GOGO
US$4.49
Gogo
7D
-16.1%
1Y
-34.6%

GOGO: Future 5G Network Rollout Will Support Constructive Upside Potential

Analysts have trimmed their price target on Gogo by $7, reflecting updated views on the company’s revenue growth outlook, slightly adjusted profit margin assumptions, a modest change in discount rate, and a revised future P/E expectation. Analyst Commentary Even with the trimmed price target, bullish analysts still see reasons to stay constructive on Gogo.
SPOK
US$11.98
Spok Holdings
7D
-3.5%
1Y
-25.0%
FNGR
US$1.36
FingerMotion
7D
15.3%
1Y
4.6%
VEON
US$44.31
VEON
7D
-16.7%
1Y
11.4%

VEON: Emerging Market Digital Services Expansion Will Support Bullish Outlook

Analysts have made a small upward adjustment to their VEON price target to $65.90. This reflects slightly revised assumptions around discount rate, revenue growth and future P/E, while leaving their fair value view broadly unchanged.
TIGO
US$70.95
Millicom International Cellular
7D
-0.1%
1Y
140.4%

TIGO: Leverage Concerns And Chile Bid Interest May Guide Future Balance

Analysts have nudged their fair value estimate for Millicom International Cellular up from $70.00 to $75.00, reflecting updated assumptions around profit margins and future P/E multiples, despite mixed recent rating changes on the stock. Analyst Commentary Recent Street research has sent mixed signals, with some downgrades focused on what has been described as sub optimal leverage and a more cautious stance on the shares.
TMUS
US$214.37
T-Mobile US
7D
-2.8%
1Y
-17.3%

TMUS: Long Term Service And EBITDA Guidance Will Drive Future Upside

T-Mobile US's updated analyst price target edges up by $0.22, as analysts highlight sector leading long term service revenue and core adjusted EBITDA guidance, along with a continued focus on higher margin wireless and spectrum assets. Analyst Commentary Recent research on T-Mobile US highlights a mix of optimism around long term growth targets and some recalibration of price targets as analysts reassess sector conditions ahead of upcoming results.
KORE
US$9.00
KORE Group Holdings
7D
0.4%
1Y
270.4%
KYIV
US$10.20
Kyivstar Group
7D
-14.0%
1Y
-12.1%
SURG
US$0.89
SurgePays
7D
10.8%
1Y
-21.9%