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U.S. Wireless Telecom Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies23
  • 7D-1.4%
  • 3M-9.9%
  • 1Y-21.6%
  • YTD-8.2%

Over the last 7 days, the Wireless Telecom industry has dropped 1.4%, driven by a pullback from T-Mobile US of 2.2%. In contrast, Millicom International Cellular has gained 6.0%. However, the industry is down 22% over the past year. 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
Sat, 04 Jul 2026US$225.5bUS$106.5bUS$13.2b17.8x17.1x2.1x
Mon, 01 Jun 2026US$236.7bUS$106.5bUS$13.2b18.4x18x2.2x
Wed, 29 Apr 2026US$233.9bUS$103.4bUS$13.3b19.3x17.5x2.3x
Fri, 27 Mar 2026US$259.0bUS$101.1bUS$13.1b17.9x19.8x2.6x
Sun, 22 Feb 2026US$265.6bUS$105.3bUS$13.1b19.1x20.3x2.5x
Tue, 20 Jan 2026US$236.0bUS$106.5bUS$14.0b16.9x16.9x2.2x
Thu, 18 Dec 2025US$248.7bUS$106.5bUS$14.0b17.7x17.8x2.3x
Sat, 15 Nov 2025US$264.2bUS$106.4bUS$14.2b14x18.7x2.5x
Mon, 13 Oct 2025US$282.0bUS$104.3bUS$14.3b18.9x19.7x2.7x
Wed, 10 Sep 2025US$298.2bUS$104.3bUS$14.3b21.2x20.8x2.9x
Fri, 08 Aug 2025US$290.8bUS$102.7bUS$12.8b21.8x22.7x2.8x
Sun, 06 Jul 2025US$292.9bUS$101.4bUS$12.5b19.6x23.4x2.9x
Tue, 03 Jun 2025US$294.8bUS$101.4bUS$12.5b17.5x23.5x2.9x
Thu, 01 May 2025US$293.8bUS$101.6bUS$12.4b14.4x23.6x2.9x
Sat, 29 Mar 2025US$325.6bUS$102.8bUS$12.2b10.3x26.7x3.2x
Mon, 24 Feb 2025US$321.0bUS$102.8bUS$12.2b11.1x26.2x3.1x
Wed, 22 Jan 2025US$272.1bUS$101.5bUS$10.8b12.9x25.3x2.7x
Fri, 20 Dec 2024US$272.4bUS$101.5bUS$10.7b18.6x25.4x2.7x
Sun, 17 Nov 2024US$289.7bUS$101.4bUS$10.4b9.9x27.7x2.9x
Tue, 15 Oct 2024US$263.3bUS$100.7bUS$9.7b14.9x27.2x2.6x
Thu, 12 Sep 2024US$246.2bUS$100.7bUS$9.7b15.2x25.4x2.4x
Sat, 10 Aug 2024US$239.7bUS$100.7bUS$9.7b19.5x24.7x2.4x
Mon, 08 Jul 2024US$225.6bUS$100.4bUS$9.1b13x24.8x2.2x
Wed, 05 Jun 2024US$219.3bUS$100.4bUS$8.8b20.9x25x2.2x
Fri, 03 May 2024US$204.8bUS$99.9bUS$8.8b17.4x23.4x2.1x
Sun, 31 Mar 2024US$204.5bUS$100.2bUS$8.1b20.5x25.2x2x
Tue, 27 Feb 2024US$204.4bUS$97.5bUS$8.1b22.4x25.1x2.1x
Thu, 25 Jan 2024US$201.4bUS$100.9bUS$8.3b11.8x24.2x2x
Sat, 23 Dec 2023US$191.7bUS$100.9bUS$8.3b14.3x23.1x1.9x
Mon, 20 Nov 2023US$182.9bUS$100.8bUS$8.3b15.4x21.9x1.8x
Wed, 18 Oct 2023US$180.7bUS$100.9bUS$6.7b7.2x27.1x1.8x
Fri, 15 Sep 2023US$179.2bUS$100.9bUS$6.7b7.1x26.9x1.8x
Sun, 13 Aug 2023US$175.2bUS$100.0bUS$6.4b7.1x27.3x1.8x
Tue, 11 Jul 2023US$175.1bUS$99.7bUS$4.0b17x43.5x1.8x
Price to Earnings Ratio

43.5x


Total Market Cap: US$175.1bTotal Earnings: US$4.0bTotal Revenue: US$99.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 23.5x202420252026
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 16.7x which is lower than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 48% 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 Market1.38%
Telecom4.87%
Wireless Telecom-1.39%
Wireless Telecom Services-1.39%
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$93.765.0%
+US$752.1m		147.4%PE12.7x
KYIV Kyivstar GroupUS$15.686.3%
+US$214.7m		43.3%PE21.9x
GOGO GogoUS$3.5712.3%
+US$52.7m		-76.9%PE34.6x
VEON VEONUS$52.000.7%
+US$23.5m		19.9%PE6.8x
SURG SurgePaysUS$0.5754.8%
+US$5.1m		-82.3%PS0.2x

Latest News

KORE
US$9.23
KORE Group Holdings
7D
-5.7%
1Y
301.3%
VEON
US$52.00
VEON
7D
0.7%
1Y
19.9%
FNGR
US$0.39
FingerMotion
7D
-7.1%
1Y
-81.3%
SURG
US$0.57
SurgePays
7D
54.8%
1Y
-82.3%
AD
US$36.24
Array Digital Infrastructure
7D
-2.2%
1Y
-43.4%
SPOK
US$10.49
Spok Holdings
7D
-1.5%
1Y
-41.2%
Seeking Alpha • Jul 01

Spok Holdings: I Don't Think The Dividend Yield Is Sustainable

Summary Spok Holdings (SPOK) remains under pressure, with shares down 42% year-over-year and operational declines questioning dividend sustainability. Q1 '26 saw revenues fall 8.5% y/y to $33.2m, gross margin drop 400bps, and net income shrink to $2m, reflecting substantial earnings erosion. Management is focused on reigniting growth through software, especially managed services and AI, while restructuring aims to restore profitability via a 10% workforce reduction. I maintain a hold rating, as the 12% dividend yield appears unsustainable given a 208% payout ratio and weak operational outlook. Read the full article on Seeking Alpha
TMUS
US$177.52
T-Mobile US
7D
-2.8%
1Y
-26.3%
KYIV
US$15.68
Kyivstar Group
7D
6.3%
1Y
43.3%
TDS
US$36.19
Telephone and Data Systems
7D
-5.9%
1Y
1.7%
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
TIGO
US$93.76
Millicom International Cellular
7D
5.0%
1Y
147.4%
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.
GOGO
US$3.57
Gogo
7D
12.3%
1Y
-76.9%
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.
UCL
US$0.95
uCloudlink Group
7D
5.7%
1Y
-48.0%