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U.S. Wireless Telecom Services Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies22
  • 7D0.5%
  • 3M-2.3%
  • 1Y-16.2%
  • YTDn/a

Over the last 7 days, the Wireless Telecom Services industry has remained flat, although notably Millicom International Cellular gained 9.7%. Unfortunately though, the industry is down 16% over the past 12 months. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026US$248.9bUS$106.5bUS$14.0b17.5x17.8x2.3x
Wed, 07 Jan 2026US$251.4bUS$106.5bUS$14.0b17.4x18x2.4x
Fri, 05 Dec 2025US$258.2bUS$106.4bUS$14.2b13.3x18.2x2.4x
Sun, 02 Nov 2025US$259.8bUS$106.1bUS$14.0b17.7x18.6x2.4x
Tue, 30 Sep 2025US$291.9bUS$104.3bUS$14.3b21x20.4x2.8x
Thu, 28 Aug 2025US$308.7bUS$104.3bUS$14.3b21.4x21.5x3x
Sat, 26 Jul 2025US$300.5bUS$102.7bUS$12.8b22.4x23.4x2.9x
Mon, 23 Jun 2025US$269.9bUS$101.4bUS$12.5b19.8x21.5x2.7x
Wed, 21 May 2025US$297.3bUS$101.4bUS$12.5b17.2x23.7x2.9x
Fri, 18 Apr 2025US$314.8bUS$100.3bUS$11.8b14.6x26.6x3.1x
Sun, 16 Mar 2025US$310.4bUS$102.8bUS$12.3b10.3x25.2x3x
Tue, 11 Feb 2025US$299.1bUS$102.9bUS$11.7b10.5x25.5x2.9x
Thu, 09 Jan 2025US$263.3bUS$101.5bUS$10.8b13.7x24.5x2.6x
Sat, 07 Dec 2024US$300.1bUS$101.4bUS$10.4b10.7x28.7x3x
Mon, 04 Nov 2024US$274.5bUS$101.5bUS$10.4b9.9x26.4x2.7x
Wed, 02 Oct 2024US$255.5bUS$100.7bUS$9.7b15.6x26.4x2.5x
Fri, 30 Aug 2024US$249.5bUS$100.7bUS$9.7b15.6x25.7x2.5x
Sun, 28 Jul 2024US$221.0bUS$100.4bUS$9.1b13.9x24.3x2.2x
Tue, 25 Jun 2024US$223.4bUS$100.4bUS$8.8b20.6x25.5x2.2x
Thu, 23 May 2024US$207.1bUS$100.4bUS$8.8b20.7x23.7x2.1x
Sat, 20 Apr 2024US$201.3bUS$99.9bUS$8.3b18.3x24.2x2x
Mon, 18 Mar 2024US$202.5bUS$100.2bUS$8.3b18.7x24.4x2x
Wed, 14 Feb 2024US$202.3bUS$97.6bUS$8.6b18.3x23.5x2.1x
Fri, 12 Jan 2024US$200.7bUS$100.9bUS$8.3b12.5x24.2x2x
Sun, 10 Dec 2023US$192.6bUS$100.9bUS$8.3b15.7x23.2x1.9x
Tue, 07 Nov 2023US$182.4bUS$100.2bUS$8.4b8.6x21.8x1.8x
Thu, 05 Oct 2023US$176.4bUS$100.9bUS$6.7b6.8x26.5x1.7x
Sat, 02 Sep 2023US$174.7bUS$100.9bUS$6.7b7.1x26.2x1.7x
Mon, 31 Jul 2023US$174.9bUS$99.2bUS$6.3b16.7x27.6x1.8x
Wed, 28 Jun 2023US$172.6bUS$99.8bUS$4.2b19.7x40.6x1.7x
Fri, 26 May 2023US$177.1bUS$103.9bUS$3.8b19.6x46.2x1.7x
Sun, 23 Apr 2023US$186.6bUS$104.5bUS$2.7b53.2x69.2x1.8x
Tue, 21 Mar 2023US$187.4bUS$104.4bUS$2.8b33.1x65.9x1.8x
Thu, 16 Feb 2023US$190.9bUS$104.5bUS$2.9b25.1x65.9x1.8x
Price to Earnings Ratio

65.9x


Total Market Cap: US$190.9bTotal Earnings: US$2.9bTotal Revenue: US$104.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Services Industry Price to Earnings3Y Average 28.5x202420252026
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 17.8x which is lower than its 3-year average PE of 28.5x.
  • 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 69% 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-0.071%
Telecom-4.61%
Wireless Telecom0.53%
Wireless Telecom Services0.53%
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$197.391.2%
+US$2.7b		-22.8%PE18.6x
TIGO Millicom International CellularUS$66.9510.4%
+US$1.1b		147.5%PE10.2x
KYIV Kyivstar GroupUS$12.276.6%
+US$173.0m		10.3%PE22x
TDS Telephone and Data SystemsUS$45.800.9%
+US$46.2m		22.7%PE93.9x
AD Array Digital InfrastructureUS$48.750.6%
+US$24.2m		-25.0%PE22.5x

Latest News

GOGO
US$4.18
Gogo
7D
-6.1%
1Y
-46.1%

GOGO: 5G Rollout And Government Contracts Will Support Future Upside

Analysts have trimmed their price target on Gogo from about US$13.00 to roughly US$10.67, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E after recent research, including the latest cut highlighted by Morgan Stanley. Analyst Commentary Bullish Takeaways Bullish analysts view the reset in the price target to about US$10.67 as aligning expectations more closely with their updated assumptions on revenue and margins, which they see as helpful for reducing the risk of overpaying on P/E.
VEON
US$52.62
VEON
7D
-3.7%
1Y
24.8%

VEON: Future Network Expansion In Emerging Markets Will Support Bullish Outlook

Analysts have raised their price target on VEON by about $5.90, citing updated assumptions related to revenue growth, profit margins, discount rate, and future P/E that contribute to a higher fair value estimate. What's in the News VEON revised its preliminary unaudited 2025 earnings guidance, with management estimating revenue growth in US dollars in a 24% to 26% range year on year versus 2024, based on information currently available and subject to uncertainties (Corporate Guidance, Raised).
TIGO
US$66.95
Millicom International Cellular
7D
10.4%
1Y
147.5%

TIGO: Telefonica Chile Bid And Rich P E Assumptions Will Pressure Returns

Narrative update on Millicom International Cellular Analysts have lifted their Millicom International Cellular price target to US$63 from US$55, reflecting updated views on revenue growth, profit margins and P/E assumptions that underpin a steady fair value estimate of US$46.80. Analyst Commentary The recent move in the Millicom International Cellular price target to US$63 from US$55, with a fair value estimate cited at US$46.80, highlights how divided opinion is around the shares.
TMUS
US$197.39
T-Mobile US
7D
1.2%
1Y
-22.8%

TMUS: 5G Network Depth And Cash Returns Will Drive Future Upside

Analysts have reduced their T-Mobile US fair value estimate by about $1.40 to $266.82, reflecting recent price target cuts from several firms, along with ongoing expectations related to revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research on T-Mobile US points to a mixed set of views, with some analysts trimming price targets while others edge them higher.
SURG
US$0.99
SurgePays
7D
-13.9%
1Y
-32.2%
KYIV
US$12.27
Kyivstar Group
7D
6.6%
1Y
10.3%
FNGR
US$1.16
FingerMotion
7D
-18.5%
1Y
-9.6%
AD
US$48.75
Array Digital Infrastructure
7D
0.6%
1Y
-25.0%

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

Analysts have raised their price target for Array Digital Infrastructure from US$54.50 to about US$57.71, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the main drivers of this change. What's in the News Array Digital Infrastructure closed a previously announced agreement with AT&T to sell a portion of its retained spectrum licenses for total consideration of US$1.018b, providing a significant cash inflow for the company (Key Developments).
SPOK
US$13.23
Spok Holdings
7D
-3.1%
1Y
-19.6%
UCL
US$1.65
uCloudlink Group
7D
1.2%
1Y
38.7%
TDS
US$45.80
Telephone and Data Systems
7D
0.9%
1Y
22.7%

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.