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U.S. Wireless Telecom Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies23
  • 7D-4.4%
  • 3M-12.8%
  • 1Y-16.5%
  • YTD-7.7%

Over the last 7 days, the Wireless Telecom industry has dropped 4.4%, driven by T-Mobile US declining 4.7%. The industry has fallen 16% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026US$228.7bUS$106.5bUS$13.2b17.7x17.4x2.1x
Thu, 21 May 2026US$242.4bUS$106.5bUS$13.2b18.9x18.4x2.3x
Sat, 18 Apr 2026US$250.4bUS$103.4bUS$13.3b19.8x18.8x2.4x
Mon, 16 Mar 2026US$267.8bUS$105.9bUS$13.2b20.6x20.2x2.5x
Wed, 11 Feb 2026US$249.5bUS$106.5bUS$14.0b17.7x17.8x2.3x
Fri, 09 Jan 2026US$246.4bUS$106.5bUS$14.0b17.5x17.6x2.3x
Sun, 07 Dec 2025US$259.8bUS$106.4bUS$14.2b13.3x18.3x2.4x
Tue, 04 Nov 2025US$259.8bUS$106.1bUS$14.0b17.3x18.6x2.4x
Thu, 02 Oct 2025US$294.7bUS$104.3bUS$14.3b20x20.6x2.8x
Sat, 30 Aug 2025US$308.6bUS$104.3bUS$14.3b21.9x21.5x3x
Mon, 28 Jul 2025US$296.2bUS$102.7bUS$12.8b22.4x23.1x2.9x
Wed, 25 Jun 2025US$280.1bUS$101.4bUS$12.5b20.7x22.4x2.8x
Fri, 23 May 2025US$293.2bUS$101.4bUS$12.5b17.2x23.4x2.9x
Sun, 20 Apr 2025US$318.2bUS$100.3bUS$11.8b14.6x26.9x3.2x
Tue, 18 Mar 2025US$310.4bUS$102.8bUS$12.3b10.4x25.2x3x
Thu, 13 Feb 2025US$313.3bUS$102.9bUS$11.7b11.2x26.7x3x
Sat, 11 Jan 2025US$267.0bUS$101.5bUS$10.8b13x24.8x2.6x
Mon, 09 Dec 2024US$299.8bUS$101.4bUS$10.4b10.7x28.7x3x
Wed, 06 Nov 2024US$275.9bUS$101.5bUS$10.4b9.6x26.5x2.7x
Fri, 04 Oct 2024US$257.6bUS$100.7bUS$9.7b15x26.7x2.6x
Sun, 01 Sep 2024US$246.2bUS$100.7bUS$9.7b15.6x25.4x2.4x
Tue, 30 Jul 2024US$221.0bUS$100.4bUS$9.1b13.6x24.3x2.2x
Thu, 27 Jun 2024US$223.2bUS$100.4bUS$8.8b20.7x25.5x2.2x
Sat, 25 May 2024US$207.6bUS$100.4bUS$8.8b20.3x23.7x2.1x
Mon, 22 Apr 2024US$203.2bUS$99.9bUS$8.3b17.6x24.4x2x
Wed, 20 Mar 2024US$201.3bUS$100.2bUS$8.3b21.2x24.2x2x
Fri, 16 Feb 2024US$202.5bUS$97.6bUS$8.6b18.3x23.5x2.1x
Sun, 14 Jan 2024US$200.0bUS$100.9bUS$8.3b12.2x24.1x2x
Tue, 12 Dec 2023US$195.4bUS$100.9bUS$8.3b15.7x23.5x1.9x
Thu, 09 Nov 2023US$181.6bUS$100.2bUS$8.4b8.9x21.7x1.8x
Sat, 07 Oct 2023US$175.7bUS$100.9bUS$6.7b7x26.4x1.7x
Mon, 04 Sep 2023US$174.7bUS$100.9bUS$6.7b7.1x26.2x1.7x
Wed, 02 Aug 2023US$170.4bUS$99.2bUS$6.3b15.6x26.9x1.7x
Fri, 30 Jun 2023US$173.2bUS$99.7bUS$4.2b19.7x40.8x1.7x
Price to Earnings Ratio

40.8x


Total Market Cap: US$173.2bTotal 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 23.8x202420252026
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 17.4x which is lower than its 3-year average PE of 23.8x.
  • 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 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-1.82%
Telecom-9.36%
Wireless Telecom-4.38%
Wireless Telecom Services-4.38%
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$14.022.0%
+US$62.3m		30.3%PE19.6x
UCL uCloudlink GroupUS$1.066.1%
+US$2.3m		-47.2%PE11.8x
FNGR FingerMotionUS$0.454.7%
+US$1.2m		-78.1%PS1.1x
KORE KORE Group HoldingsUS$9.220.3%
+US$527.6k		295.7%PS0.6x

Latest News

TMUS
US$180.06
T-Mobile US
7D
-4.7%
1Y
-20.7%
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$9.22
KORE Group Holdings
7D
0.3%
1Y
295.7%
TDS
US$38.94
Telephone and Data Systems
7D
-2.2%
1Y
14.1%
AD
US$38.77
Array Digital Infrastructure
7D
-2.5%
1Y
-36.6%
Seeking Alpha • Jun 19

Array Digital Infrastructure's Bonds Are Cheap As Investment-Grade Telephone and Data Systems To Take Over

Summary Array Digital Infrastructure's baby bonds are trading at record discounts, offering compelling yields amid an imminent acquisition by Telephone and Data Systems. Post-acquisition, AD's baby bonds will be backed by TDS's investment-grade balance sheet, with TDS currently holding $1.37 billion in cash, with a net cash position of $686 million. UZE, the 5.50% Senior Notes, currently yield 8.14% and trade at a 32.56% discount to par, far above typical investment-grade spreads. I rate AD's baby bonds as a strong buy, expecting price appreciation as the acquisition closes and credit profile strengthens. Read the full article on Seeking Alpha
VEON
US$50.43
VEON
7D
-3.4%
1Y
29.3%
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$3.31
Gogo
7D
-8.6%
1Y
-76.5%
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$14.02
Kyivstar Group
7D
2.0%
1Y
30.3%
SURG
US$0.40
SurgePays
7D
-2.0%
1Y
-85.3%
Narrative Update • Jun 15

SURG: Going Concern Risk Will Contrast With Anticipated Profit Margin Support

Narrative Update on SurgePays Analysts reduced their price target on SurgePays by $1.50, with the lower fair value and P/E assumptions reflecting revised expectations for revenue and profit margins after the latest research update. What’s in the News On March 18, 2026, Nasdaq notified SurgePays that it no longer meets the minimum US$35,000,000 market value of listed securities requirement and, on March 23, 2026, that its share price is below the US$1.00 minimum bid price.
TIGO
US$85.35
Millicom International Cellular
7D
-4.6%
1Y
134.1%
UCL
US$1.06
uCloudlink Group
7D
6.1%
1Y
-47.2%
FNGR
US$0.45
FingerMotion
7D
4.7%
1Y
-78.1%
SPOK
US$10.32
Spok Holdings
7D
-2.6%
1Y
-38.8%