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U.S. Wireless Telecom Services Industry Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.5%
  • 3M5.9%
  • 1Y-16.3%
  • YTDn/a

Over the last 7 days, the Wireless Telecom Services industry has dropped 3.9%, driven by a pullback from T-Mobile US of 3.0%. Overall the industry is down 16% in 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026US$257.0bUS$102.3bUS$13.2b19.5x19.5x2.5x
Thu, 19 Feb 2026US$270.4bUS$109.0bUS$13.1b19.1x20.6x2.5x
Sat, 17 Jan 2026US$240.2bUS$106.5bUS$14.0b16.9x17.2x2.3x
Mon, 15 Dec 2025US$243.8bUS$106.5bUS$14.0b17.5x17.4x2.3x
Wed, 12 Nov 2025US$254.8bUS$106.5bUS$14.2b18.6x18x2.4x
Fri, 10 Oct 2025US$279.7bUS$104.3bUS$14.3b19.2x19.5x2.7x
Sun, 07 Sep 2025US$309.4bUS$104.3bUS$14.3b21.1x21.6x3x
Tue, 05 Aug 2025US$288.5bUS$102.7bUS$12.8b22.2x22.5x2.8x
Thu, 03 Jul 2025US$293.7bUS$101.4bUS$12.5b19.6x23.4x2.9x
Sat, 31 May 2025US$294.8bUS$101.4bUS$12.5b18x23.5x2.9x
Mon, 28 Apr 2025US$283.2bUS$101.6bUS$12.4b14.8x22.8x2.8x
Wed, 26 Mar 2025US$314.6bUS$102.8bUS$12.2b10.9x25.7x3.1x
Fri, 21 Feb 2025US$319.1bUS$102.9bUS$11.7b11.2x27.2x3.1x
Sun, 19 Jan 2025US$272.1bUS$101.5bUS$10.8b13.7x25.3x2.7x
Tue, 17 Dec 2024US$285.9bUS$101.5bUS$10.7b10.5x26.6x2.8x
Thu, 14 Nov 2024US$293.8bUS$101.5bUS$10.5b10.1x28.1x2.9x
Sat, 12 Oct 2024US$261.2bUS$100.7bUS$9.7b14.9x27x2.6x
Mon, 09 Sep 2024US$239.5bUS$100.7bUS$9.7b15.1x24.7x2.4x
Wed, 07 Aug 2024US$232.2bUS$101.0bUS$9.9b12.7x23.4x2.3x
Fri, 05 Jul 2024US$224.8bUS$100.4bUS$9.1b13.1x24.7x2.2x
Sun, 02 Jun 2024US$220.8bUS$100.4bUS$8.8b20.9x25.2x2.2x
Tue, 30 Apr 2024US$202.9bUS$99.9bUS$8.8b20.4x23.1x2x
Thu, 28 Mar 2024US$202.9bUS$100.2bUS$8.1b20.4x25x2x
Sat, 24 Feb 2024US$204.6bUS$97.5bUS$8.1b21.7x25.1x2.1x
Mon, 22 Jan 2024US$202.9bUS$100.9bUS$8.3b11.8x24.4x2x
Wed, 20 Dec 2023US$192.0bUS$100.9bUS$8.3b15.4x23.1x1.9x
Fri, 17 Nov 2023US$182.6bUS$100.8bUS$8.3b8.8x21.9x1.8x
Sun, 15 Oct 2023US$178.9bUS$100.9bUS$6.7b7x26.8x1.8x
Tue, 12 Sep 2023US$177.4bUS$100.9bUS$6.7b7.1x26.6x1.8x
Thu, 10 Aug 2023US$174.2bUS$100.0bUS$6.4b11.7x27.1x1.7x
Sat, 08 Jul 2023US$176.0bUS$99.7bUS$4.0b18.5x43.7x1.8x
Mon, 05 Jun 2023US$166.4bUS$99.7bUS$4.2b21x39.2x1.7x
Wed, 03 May 2023US$178.1bUS$104.0bUS$3.9b44.1x45.6x1.7x
Fri, 31 Mar 2023US$186.1bUS$104.4bUS$2.7b49.8x68.9x1.8x
Price to Earnings Ratio

68.9x


Total Market Cap: US$186.1bTotal Earnings: US$2.7bTotal Revenue: US$104.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Services Industry Price to Earnings3Y Average 26.7x202420252026
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 19.5x which is lower than its 3-year average PE of 26.7x.
  • 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 Telecommunication Services 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 Comparison

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

US Market-1.74%
Telecom-2.65%
Wireless Telecom-2.52%
Wireless Telecom Services-2.52%
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$74.552.3%
+US$277.4m		151.9%PE9.5x
TDS Telephone and Data SystemsUS$43.030.5%
+US$25.0m		14.7%PE101.5x
GOGO GogoUS$4.481.6%
+US$9.4m		-45.5%PE46.7x
SURG SurgePaysUS$0.885.1%
+US$1.0m		-32.5%PS0.4x

Latest News

TMUS
US$208.76
T-Mobile US
7D
-2.8%
1Y
-19.4%
GOGO
US$4.48
Gogo
7D
1.6%
1Y
-45.5%

GOGO: Declining Leverage And Capital Returns Will Drive Future Upside

Analysts have trimmed their price target on Gogo from about $10.67 to roughly $9.33, reflecting softer long term revenue growth and margin assumptions alongside lower Street targets, such as the recent cut to $7. At the same time, the new target still factors in expectations for capital returns supported by declining leverage.
VEON
US$48.99
VEON
7D
-3.0%
1Y
6.5%

VEON: Future AI And Digital Partnerships Will Support A Rerating

Analysts have lifted their price target on VEON from $69.00 to $100.00, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E multiples. What's in the News VEON issued earnings guidance for fiscal 2026, targeting total revenue growth of 9% to 12% year over year in US dollar terms.
KYIV
US$10.49
Kyivstar Group
7D
-1.2%
1Y
-17.1%
AD
US$46.76
Array Digital Infrastructure
7D
-3.0%
1Y
-31.9%
TDS
US$43.03
Telephone and Data Systems
7D
0.5%
1Y
14.7%
TIGO
US$74.55
Millicom International Cellular
7D
2.3%
1Y
151.9%

TIGO: Telefonica Chile Bid And Rich P E Multiple Will Constrain Returns

Millicom International Cellular's updated analyst price target moves slightly to $46.65 from $46.80, as analysts factor in higher modeled revenue growth, a lower profit margin outlook, a higher P/E multiple, and a modestly higher discount rate amid mixed recent rating changes. Analyst Commentary Recent Street research on Millicom International Cellular reflects a split view, with some firms outlining upside scenarios at higher price targets and others flagging balance sheet and execution risks.
UCL
US$1.38
uCloudlink Group
7D
-10.4%
1Y
7.8%
SPOK
US$11.35
Spok Holdings
7D
-0.7%
1Y
-28.9%
FNGR
US$1.12
FingerMotion
7D
-22.2%
1Y
-28.2%
SURG
US$0.88
SurgePays
7D
5.1%
1Y
-32.5%