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U.S. Wireless Telecom Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies23
  • 7D-0.5%
  • 3M-12.4%
  • 1Y-17.6%
  • YTD-7.3%

The Wireless Telecom industry has stayed flat over the last week. Unfortunately though, the industry is down 18% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026US$232.3bUS$106.5bUS$13.2b17.9x17.7x2.2x
Sat, 23 May 2026US$240.8bUS$106.5bUS$13.2b18.9x18.3x2.3x
Mon, 20 Apr 2026US$251.1bUS$103.4bUS$13.3b19.8x18.8x2.4x
Wed, 18 Mar 2026US$264.9bUS$102.3bUS$13.2b19.8x20.1x2.6x
Fri, 13 Feb 2026US$260.1bUS$109.0bUS$13.1b19.1x19.8x2.4x
Sun, 11 Jan 2026US$249.6bUS$106.5bUS$14.0b17.5x17.8x2.3x
Tue, 09 Dec 2025US$254.1bUS$106.4bUS$14.2b13.4x17.9x2.4x
Thu, 06 Nov 2025US$255.0bUS$106.1bUS$14.0b17x18.2x2.4x
Sat, 04 Oct 2025US$283.8bUS$104.3bUS$14.3b19.3x19.8x2.7x
Mon, 01 Sep 2025US$309.8bUS$104.3bUS$14.3b21.9x21.6x3x
Wed, 30 Jul 2025US$289.7bUS$102.7bUS$12.8b22x22.6x2.8x
Fri, 27 Jun 2025US$281.1bUS$101.4bUS$12.5b20.5x22.4x2.8x
Sun, 25 May 2025US$295.4bUS$101.4bUS$12.5b17.2x23.6x2.9x
Tue, 22 Apr 2025US$318.2bUS$100.3bUS$11.8b14.3x26.9x3.2x
Thu, 20 Mar 2025US$316.3bUS$102.8bUS$12.3b10.3x25.7x3.1x
Sat, 15 Feb 2025US$321.0bUS$102.9bUS$11.7b11.4x27.4x3.1x
Mon, 13 Jan 2025US$261.9bUS$101.5bUS$10.8b13x24.3x2.6x
Wed, 11 Dec 2024US$282.0bUS$101.4bUS$10.4b11.5x27x2.8x
Fri, 08 Nov 2024US$286.2bUS$101.5bUS$10.4b8.7x27.5x2.8x
Sun, 06 Oct 2024US$257.7bUS$100.7bUS$9.7b15x26.7x2.6x
Tue, 03 Sep 2024US$246.2bUS$100.7bUS$9.7b15.6x25.4x2.4x
Thu, 01 Aug 2024US$229.1bUS$101.0bUS$9.8b13.7x23.4x2.3x
Sat, 29 Jun 2024US$223.2bUS$100.4bUS$9.1b12.9x24.5x2.2x
Mon, 27 May 2024US$208.9bUS$100.4bUS$8.8b20.3x23.9x2.1x
Wed, 24 Apr 2024US$204.4bUS$99.9bUS$8.3b19.2x24.5x2x
Fri, 22 Mar 2024US$201.9bUS$100.2bUS$8.3b21.3x24.3x2x
Sun, 18 Feb 2024US$200.1bUS$97.5bUS$8.2b18.4x24.5x2.1x
Tue, 16 Jan 2024US$200.0bUS$100.9bUS$8.3b12.2x24.1x2x
Thu, 14 Dec 2023US$197.0bUS$100.9bUS$8.3b15.9x23.7x2x
Sat, 11 Nov 2023US$181.2bUS$100.2bUS$8.4b8.9x21.6x1.8x
Mon, 09 Oct 2023US$175.7bUS$100.9bUS$6.7b7x26.4x1.7x
Wed, 06 Sep 2023US$174.0bUS$100.9bUS$6.7b6.9x26.1x1.7x
Fri, 04 Aug 2023US$168.6bUS$100.2bUS$6.5b11.1x26.1x1.7x
Sun, 02 Jul 2023US$175.7bUS$99.7bUS$4.2b20.4x41.4x1.8x
Price to Earnings Ratio

41.4x


Total Market Cap: US$175.7bTotal Earnings: US$4.2bTotal Revenue: US$99.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 23.7x202420252026
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 17.7x which is lower than its 3-year average PE of 23.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?

US Market-2.47%
Telecom-7.37%
Wireless Telecom-0.51%
Wireless Telecom Services-0.51%
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
KYIV Kyivstar GroupUS$14.522.5%
+US$83.1m		31.4%PE20.3x
SPOK Spok HoldingsUS$10.451.4%
+US$2.9m		-39.1%PE17.2x
KORE KORE Group HoldingsUS$9.200.2%
+US$351.8k		290.0%PS0.6x

Latest News

TDS
US$37.55
Telephone and Data Systems
7D
-4.7%
1Y
7.0%
Seeking Alpha • Jun 24

Telephone And Data Systems: Why The Future Looks Brighter

Summary Fiber service customer expansion and broadband network capabilities are highlighted as key focus areas. The article emphasizes the importance of expanding customer base for fiber services. Broadband network capabilities are positioned as a strategic asset for growth. No explicit rating or company ticker is provided, but infrastructure and customer growth are central themes. Read the full article on Seeking Alpha
AD
US$36.25
Array Digital Infrastructure
7D
-7.1%
1Y
-41.8%
Narrative Update • Jun 24

AD: Spectrum Sale And Special Dividend Will Drive Higher Earnings Power

Array Digital Infrastructure's analyst price target has been refined from about $45.00 to $45.02 as analysts incorporate updated assumptions for revenue growth, profit margin and future P/E multiples into their valuation work. What’s in the News for Array Digital Infrastructure Array Digital Infrastructure completed the sale of spectrum licenses to Verizon for US$1.0b in cash and to T Mobile for US$168 million in additional spectrum assets, totaling US$1.17b in spectrum sales.
TIGO
US$87.52
Millicom International Cellular
7D
-1.6%
1Y
139.9%
Narrative Update • Jun 23

TIGO: Colombia Execution Risks Will Limit Upside After Sharp Share Rally

Analyst price targets for Millicom International Cellular have been revised higher, with the modelled fair value moving from $46.65 to $54.51 as analysts factor in updated assumptions on global risk premiums, valuation after the year-to-date rally, and progress around Colombia consolidation and restructuring. Analyst Commentary Recent research on Millicom International Cellular shows a mix of optimism and caution, with higher modelled fair values sitting alongside more reserved ratings.
TMUS
US$180.79
T-Mobile US
7D
-0.3%
1Y
-21.7%
Narrative Update • Jun 22

TMUS: Q1 Execution And AI Network Lead Will Support 2026 Rerating

T-Mobile US sees its analyst fair value edge down by about $2 to roughly $259 as analysts temper price targets, citing more conservative assumptions on industry competition and promotional activity, while still highlighting the company’s relative strength in subscriber growth, margins, and balance sheet flexibility. Analyst Commentary Recent research on T-Mobile US points to a mixed but generally constructive view, with analysts adjusting price targets and assumptions as they reassess competition, promotions, and the broader U.S. telecom sector.
KORE
US$9.20
KORE Group Holdings
7D
0.2%
1Y
290.0%
VEON
US$51.56
VEON
7D
-1.7%
1Y
26.4%
Narrative Update • Jun 18

VEON: Emerging Market AI And Digital Ecosystems Will Support Bullish Stock Outlook

Analysts have lifted their VEON price target from $65.90 to $70.00, citing updated assumptions around revenue growth, profit margins and future P/E expectations following recent bullish research coverage. What’s in the News for VEON VEON closed a US$1.4b dual tranche senior unsecured notes offering via VEON Midco B.V., issuing US$700m 6.95% notes due 2031 and US$700m 7.45% notes due 2033, both rated BB- by Fitch and S&P, and used the proceeds to refinance most of its 2027 debt ahead of schedule, nearly doubling average debt maturity to more than four years and reducing near term refinancing risk (source: company news, 2 June 2026).
GOGO
US$3.27
Gogo
7D
-6.6%
1Y
-77.4%
Narrative Update • Jun 17

GOGO: Spectrum Assets And New Connectivity Contracts Will Support Future Upside

Analysts have trimmed their fair value estimate for Gogo from $13.00 to $12.00, citing lower profit margin assumptions, a higher discount rate, and a reset in future P/E expectations, while also highlighting potential benefits from the company’s spectrum assets and refreshed product lineup. Analyst Commentary on Gogo Recent commentary around Gogo centers on how its refreshed product lineup and spectrum assets fit into the broader satellite and connectivity market, especially as investors weigh concerns about legacy air-to-ground, or ATG, churn against potential new drivers of demand.
KYIV
US$14.52
Kyivstar Group
7D
2.5%
1Y
31.4%
UCL
US$1.00
uCloudlink Group
7D
-4.8%
1Y
-49.2%
FNGR
US$0.44
FingerMotion
7D
-6.9%
1Y
-78.7%
SPOK
US$10.45
Spok Holdings
7D
1.4%
1Y
-39.1%