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U.S. Wireless Telecom Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies21
  • 7D-0.9%
  • 3M-11.4%
  • 1Y-5.1%
  • YTD-1.3%

Over the last 7 days, the Wireless Telecom industry has remained flat, although notably Telephone and Data Systems gained 3.5%. As for the longer term, the industry has declined 5.1% in the last year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026US$246.4bUS$106.5bUS$14.0b17.4x17.6x2.3x
Thu, 11 Dec 2025US$243.5bUS$106.4bUS$14.2b13.6x17.2x2.3x
Sat, 08 Nov 2025US$248.9bUS$106.2bUS$14.1b12.9x17.6x2.3x
Mon, 06 Oct 2025US$284.2bUS$104.3bUS$14.3b19.3x19.8x2.7x
Wed, 03 Sep 2025US$309.8bUS$104.3bUS$14.3b21.9x21.6x3x
Fri, 01 Aug 2025US$293.8bUS$102.7bUS$12.8b22x22.9x2.9x
Sun, 29 Jun 2025US$286.2bUS$101.4bUS$12.5b19.9x22.8x2.8x
Tue, 27 May 2025US$295.4bUS$101.4bUS$12.5b17.2x23.6x2.9x
Thu, 24 Apr 2025US$314.7bUS$100.3bUS$11.8b14.7x26.6x3.1x
Sat, 22 Mar 2025US$312.2bUS$102.8bUS$12.3b10.5x25.3x3x
Mon, 17 Feb 2025US$327.8bUS$102.9bUS$11.7b11.4x27.9x3.2x
Wed, 15 Jan 2025US$265.8bUS$101.5bUS$10.8b11.3x24.7x2.6x
Fri, 13 Dec 2024US$288.5bUS$101.4bUS$10.4b11.1x27.6x2.8x
Sun, 10 Nov 2024US$289.8bUS$101.5bUS$10.5b8.7x27.7x2.9x
Tue, 08 Oct 2024US$257.7bUS$100.7bUS$9.7b14.9x26.7x2.6x
Thu, 05 Sep 2024US$248.6bUS$100.7bUS$9.7b15.3x25.6x2.5x
Sat, 03 Aug 2024US$233.2bUS$101.0bUS$9.8b13.1x23.8x2.3x
Mon, 01 Jul 2024US$222.0bUS$100.4bUS$9.1b12.9x24.4x2.2x
Wed, 29 May 2024US$208.9bUS$100.4bUS$8.8b20.2x23.9x2.1x
Fri, 26 Apr 2024US$205.4bUS$99.9bUS$8.3b18.8x24.6x2.1x
Sun, 24 Mar 2024US$201.2bUS$100.2bUS$8.3b20.8x24.2x2x
Tue, 20 Feb 2024US$200.1bUS$97.5bUS$8.2b18.4x24.5x2.1x
Thu, 18 Jan 2024US$201.7bUS$100.9bUS$8.3b11.9x24.3x2x
Sat, 16 Dec 2023US$192.0bUS$100.9bUS$8.3b15.5x23.1x1.9x
Mon, 13 Nov 2023US$182.1bUS$100.2bUS$8.3b8.9x22x1.8x
Wed, 11 Oct 2023US$180.1bUS$100.9bUS$6.7b7x27x1.8x
Fri, 08 Sep 2023US$174.1bUS$100.9bUS$6.7b7x26.1x1.7x
Sun, 06 Aug 2023US$169.9bUS$100.0bUS$6.4b11.4x26.5x1.7x
Tue, 04 Jul 2023US$176.4bUS$99.7bUS$4.2b20.2x41.5x1.8x
Thu, 01 Jun 2023US$170.8bUS$99.7bUS$4.2b19.1x40.2x1.7x
Sat, 29 Apr 2023US$182.8bUS$104.0bUS$3.9b45.2x46.8x1.8x
Mon, 27 Mar 2023US$183.4bUS$104.4bUS$2.8b31.9x64.5x1.8x
Wed, 22 Feb 2023US$190.4bUS$104.4bUS$2.8b51.9x68.3x1.8x
Fri, 20 Jan 2023US$190.3bUS$105.2bUS$2.4b21.4x78.6x1.8x
Price to Earnings Ratio

78.6x


Total Market Cap: US$190.3bTotal Earnings: US$2.4bTotal Revenue: US$105.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 29.9x202420252026
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 17.6x which is lower than its 3-year average PE of 29.9x.
  • 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 Telecom industry have grown 79% 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 Trends

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

US Market0.88%
Telecom1.74%
Wireless Telecom-0.88%
Wireless Telecom Services-0.88%
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
TDS Telephone and Data SystemsUS$42.183.5%
+US$162.9m		25.7%PE86.5x
GOGO GogoUS$5.226.1%
+US$40.2m		-28.1%PS0.9x
SURG SurgePaysUS$2.0419.3%
+US$6.9m		26.7%PS0.9x
KORE KORE Group HoldingsUS$4.902.7%
+US$2.3m		156.5%PS0.3x
SPOK Spok HoldingsUS$13.110.7%
+US$1.9m		-18.2%PE16.3x

Latest News

KYIV
US$12.50
Kyivstar Group
7D
-2.6%
1Y
23.8%
TMUS
US$197.51
T-Mobile US
7D
-0.5%
1Y
-7.8%
AD
US$52.76
Array Digital Infrastructure
7D
-3.2%
1Y
-13.3%

AD: New Leadership Transition Will Reshape Tower And Spectrum Prospects

Analysts have cut their fair value estimate for Array Digital Infrastructure from US$85.00 to US$63.00, reflecting updated assumptions for revenue growth, profit margins and a higher discount rate, along with a much higher future P/E multiple estimate. What's in the News Array Digital Infrastructure reported that between July 1, 2025 and September 30, 2025, it repurchased 0 shares for US$0 million, with the overall buyback program, announced on November 18, 2009, now totaling 9,741,893 shares, or 11.38%, for US$381.03 million (Key Developments).
GOGO
US$5.22
Gogo
7D
6.1%
1Y
-28.1%

GOGO: 5G Network Rollout Will Drive Undervalued Upside Into 2025

Analysts have trimmed their price target for Gogo from US$14.00 to US$13.00, citing slightly lower fair value assumptions tied to modest adjustments in expected profit margins and future P/E multiples. What's in the News Gogo completed flight testing and validation of its 5G air to ground connectivity network for North American customers, reporting broadband speeds above 80Mbps download and 20Mbps upload during more than 30 hours of test flights across almost 20 routes (Key Developments).
KORE
US$4.90
KORE Group Holdings
7D
2.7%
1Y
156.5%

KORE: US$5 Offer Will Define Near Term Path And Deal Risk

Analysts have reset their price target on KORE Group Holdings to US$5.00 from US$9.00, pointing to the US$5.00 per share non binding offer as both a reference point and an effective cap on near term upside. Analyst Commentary Recent commentary around KORE Group Holdings has focused heavily on the US$5.00 per share non binding offer, which is shaping both how analysts think about upside and how they frame the risks.
SPOK
US$13.11
Spok Holdings
7D
0.7%
1Y
-18.2%
SURG
US$2.04
SurgePays
7D
19.3%
1Y
26.7%
UCL
US$1.69
uCloudlink Group
7D
2.4%
1Y
32.0%
VEON
US$52.00
VEON
7D
-1.8%
1Y
12.8%

VEON: AI And Satellite Connectivity Will Support Emerging Markets Upside

Analysts now see room for a higher valuation on VEON, raising their price target to align with a fair value of US$76.68. This view is supported by updated assumptions for slightly stronger revenue growth, higher profit margins and a lower future P/E multiple.
TIGO
US$51.35
Millicom International Cellular
7D
-9.3%
1Y
108.7%

TIGO: Future Margin Expansion May Support Balanced Upside Despite Recent Rally

Analysts have raised their price target on Millicom International Cellular from $55 to about $63 per share, citing expectations of stronger revenue growth and higher profit margins. They also see potential for continued share upside despite the recent rally.
TDS
US$42.18
Telephone and Data Systems
7D
3.5%
1Y
25.7%

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.
FNGR
US$1.26
FingerMotion
7D
-6.0%
1Y
11.5%