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U.S. Wireless Telecom Services Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.7%
  • 3M4.6%
  • 1Y-15.4%
  • YTDn/a

Over the last 7 days, the Wireless Telecom Services industry has dropped 1.7%, driven by a pullback from T-Mobile US of 1.8%. Meanwhile, VEON actually outperformed within the industry, gaining 7.2% in the last week. The industry has fallen 15% in the last year. Looking forward, earnings are forecast to grow by 12% 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 Feb 2026US$265.6bUS$105.3bUS$13.1b19.1x20.3x2.5x
Thu, 22 Jan 2026US$232.6bUS$106.5bUS$14.0b17.1x16.6x2.2x
Sat, 20 Dec 2025US$249.7bUS$106.5bUS$14.0b17.3x17.8x2.3x
Mon, 17 Nov 2025US$265.8bUS$106.4bUS$14.2b14x18.8x2.5x
Wed, 15 Oct 2025US$277.8bUS$104.3bUS$14.3b19.2x19.4x2.7x
Fri, 12 Sep 2025US$295.4bUS$104.3bUS$14.3b21.3x20.6x2.8x
Sun, 10 Aug 2025US$299.7bUS$103.3bUS$13.4b22.3x22.3x2.9x
Tue, 08 Jul 2025US$292.9bUS$101.4bUS$12.5b19.6x23.4x2.9x
Thu, 05 Jun 2025US$296.5bUS$101.4bUS$12.5b17.6x23.7x2.9x
Sat, 03 May 2025US$300.1bUS$101.6bUS$12.4b15.1x24.1x3x
Mon, 31 Mar 2025US$321.5bUS$100.3bUS$11.9b15.1x27x3.2x
Wed, 26 Feb 2025US$324.3bUS$102.8bUS$12.2b10.6x26.5x3.2x
Fri, 24 Jan 2025US$268.7bUS$101.5bUS$10.8b12.9x25x2.6x
Sun, 22 Dec 2024US$272.4bUS$101.5bUS$10.7b18.9x25.4x2.7x
Tue, 19 Nov 2024US$289.7bUS$101.4bUS$10.4b10.4x27.7x2.9x
Thu, 17 Oct 2024US$268.6bUS$100.7bUS$9.7b15.3x27.8x2.7x
Sat, 14 Sep 2024US$250.7bUS$100.7bUS$9.7b15.9x25.9x2.5x
Mon, 12 Aug 2024US$240.3bUS$100.7bUS$9.7b19.5x24.8x2.4x
Wed, 10 Jul 2024US$225.5bUS$100.4bUS$9.1b12.9x24.8x2.2x
Fri, 07 Jun 2024US$227.1bUS$100.4bUS$8.8b21x25.9x2.3x
Sun, 05 May 2024US$203.5bUS$99.8bUS$8.8b17.3x23.1x2x
Tue, 02 Apr 2024US$204.5bUS$100.2bUS$8.1b20x25.2x2x
Thu, 29 Feb 2024US$205.6bUS$97.6bUS$8.0b18.9x25.6x2.1x
Sat, 27 Jan 2024US$206.4bUS$101.1bUS$8.8b11.3x23.3x2x
Mon, 25 Dec 2023US$191.7bUS$100.9bUS$8.3b14.3x23.1x1.9x
Wed, 22 Nov 2023US$182.9bUS$99.7bUS$8.3b15.4x22.1x1.8x
Fri, 20 Oct 2023US$174.6bUS$100.9bUS$6.7b6.8x26.2x1.7x
Sun, 17 Sep 2023US$179.4bUS$100.9bUS$6.7b7x26.9x1.8x
Tue, 15 Aug 2023US$176.7bUS$100.0bUS$6.4b6.9x27.5x1.8x
Thu, 13 Jul 2023US$178.3bUS$99.7bUS$4.0b12.9x44.3x1.8x
Sat, 10 Jun 2023US$166.7bUS$99.8bUS$4.2b22.2x39.2x1.7x
Mon, 08 May 2023US$181.7bUS$104.0bUS$3.8b26.6x47.5x1.7x
Wed, 05 Apr 2023US$188.4bUS$104.5bUS$2.7b49.2x69.8x1.8x
Fri, 03 Mar 2023US$182.6bUS$104.4bUS$2.8b34x64.5x1.7x
Price to Earnings Ratio

64.5x


Total Market Cap: US$182.6bTotal 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 27.8x202420252026
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 20.3x which is lower than its 3-year average PE of 27.9x.
  • 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 Market1.04%
Telecom2.26%
Wireless Telecom-1.74%
Wireless Telecom Services-1.74%
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
VEON VEONUS$56.247.2%
+US$261.5m		23.7%PE6x
TIGO Millicom International CellularUS$66.080.6%
+US$61.8m		145.6%PE10x
GOGO GogoUS$4.395.3%
+US$29.4m		-44.8%PS0.7x
UCL uCloudlink GroupUS$1.807.8%
+US$4.9m		44.0%PE8.6x
KORE KORE Group HoldingsUS$5.214.0%
+US$3.5m		116.2%PS0.3x

Latest News

GOGO
US$4.39
Gogo
7D
5.3%
1Y
-44.8%

GOGO: Future Cash Flows Will Be Driven By 5G Network And Defense Certification

Analysts have reduced their price target on Gogo from $11.00 to $8.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E, consistent with recent Street research indicating a lower target. Analyst Commentary Recent Street research on Gogo points to a more cautious tone, with one major firm cutting its price target by $7 and other bearish analysts revisiting their assumptions on valuation, growth, and execution risk.
TDS
US$45.29
Telephone and Data Systems
7D
-4.8%
1Y
19.3%
TMUS
US$215.46
T-Mobile US
7D
-1.8%
1Y
-18.7%
AD
US$49.27
Array Digital Infrastructure
7D
-3.2%
1Y
-24.7%
SPOK
US$13.56
Spok Holdings
7D
-1.2%
1Y
-17.5%
VEON
US$56.24
VEON
7D
7.2%
1Y
23.7%

VEON: Emerging Market Network Expansion And AI Initiatives Will Support Bullish Outlook

Analysts have maintained their VEON fair value estimate at $65.90 per share. They made only small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, indicating fine tuning of their model rather than a change in overall view.
KYIV
US$11.93
Kyivstar Group
7D
-6.9%
1Y
7.5%
TIGO
US$66.08
Millicom International Cellular
7D
0.6%
1Y
145.6%

TIGO: Leverage Concerns And Chile Bid May Shape Balanced Future Upside

Analysts have lifted their price target on Millicom International Cellular to $70.00 from $62.60, reflecting updated views on growth, leverage and future P/E assumptions following recent mixed research that includes a downgrade on balance sheet concerns and an earlier upgrade supported by expectations for further share upside. Analyst Commentary Recent Street research on Millicom International Cellular shows a split tape, but there are some clear positives that bullish analysts keep coming back to, especially around valuation, execution and potential growth optionality.
KORE
US$5.21
KORE Group Holdings
7D
4.0%
1Y
116.2%

KORE: US$5 Offer Will Anchor Trading Range While Deal Prospects Evolve

Analysts have cut their price target on KORE Group Holdings to $5 from $9, pointing to the non binding $5.00 per share offer as both support for the stock and a practical cap on near term upside while a potential transaction is evaluated. Analyst Commentary Recent commentary around KORE Group Holdings is centering on the non binding US$5.00 per share offer.
SURG
US$0.81
SurgePays
7D
-8.8%
1Y
-40.9%
FNGR
US$1.11
FingerMotion
7D
-1.8%
1Y
-19.0%
UCL
US$1.80
uCloudlink Group
7D
7.8%
1Y
44.0%