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U.S. Wireless Telecom Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies23
  • 7D-3.7%
  • 3M1.5%
  • 1Y-21.0%
  • YTD1.5%

Over the last 7 days, the Wireless Telecom industry has dropped 3.7%, driven by T-Mobile US declining 4.8%. On the other hand Millicom International Cellular is actually up 8.6%. The industry has fallen 21% 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
Fri, 03 Apr 2026US$256.1bUS$104.8bUS$13.5b17.2x18.9x2.4x
Sun, 01 Mar 2026US$268.2bUS$105.7bUS$13.3b21.2x20.1x2.5x
Tue, 27 Jan 2026US$235.2bUS$106.5bUS$14.0b17.3x16.8x2.2x
Thu, 25 Dec 2025US$248.7bUS$106.5bUS$14.0b17.5x17.8x2.3x
Sat, 22 Nov 2025US$258.8bUS$106.4bUS$14.2b12.8x18.3x2.4x
Mon, 20 Oct 2025US$283.1bUS$104.3bUS$14.3b19.2x19.7x2.7x
Wed, 17 Sep 2025US$294.6bUS$104.3bUS$14.3b21x20.5x2.8x
Fri, 15 Aug 2025US$307.0bUS$103.3bUS$14.0b22.7x21.9x3x
Sun, 13 Jul 2025US$279.5bUS$101.4bUS$12.5b20.6x22.3x2.8x
Tue, 10 Jun 2025US$289.7bUS$101.4bUS$12.5b18.7x23.1x2.9x
Thu, 08 May 2025US$307.0bUS$101.4bUS$12.4b15.5x24.7x3x
Sat, 05 Apr 2025US$324.7bUS$100.3bUS$11.9b13.8x27.2x3.2x
Mon, 03 Mar 2025US$325.7bUS$102.8bUS$12.3b11.2x26.4x3.2x
Wed, 29 Jan 2025US$274.3bUS$101.5bUS$10.8b12.6x25.5x2.7x
Fri, 27 Dec 2024US$275.4bUS$101.5bUS$10.7b17.7x25.7x2.7x
Sun, 24 Nov 2024US$293.3bUS$101.4bUS$10.4b10.9x28.1x2.9x
Tue, 22 Oct 2024US$276.5bUS$100.7bUS$9.7b15.2x28.6x2.7x
Thu, 19 Sep 2024US$251.3bUS$100.7bUS$9.7b15.9x25.9x2.5x
Sat, 17 Aug 2024US$240.8bUS$100.7bUS$9.7b15.7x24.8x2.4x
Mon, 15 Jul 2024US$226.1bUS$100.4bUS$9.1b13.2x24.8x2.3x
Wed, 12 Jun 2024US$227.5bUS$100.4bUS$8.8b20.8x26x2.3x
Fri, 10 May 2024US$203.7bUS$100.3bUS$9.0b18.3x22.5x2x
Sun, 07 Apr 2024US$201.9bUS$100.2bUS$8.1b20.3x24.8x2x
Tue, 05 Mar 2024US$204.3bUS$100.2bUS$8.3b15.8x24.6x2x
Thu, 01 Feb 2024US$205.3bUS$101.1bUS$8.8b11.5x23.2x2x
Sat, 30 Dec 2023US$195.7bUS$100.9bUS$8.3b13.2x23.6x1.9x
Mon, 27 Nov 2023US$184.5bUS$100.9bUS$8.3b15.9x22.2x1.8x
Wed, 25 Oct 2023US$174.2bUS$100.9bUS$6.7b6.7x26.1x1.7x
Fri, 22 Sep 2023US$177.1bUS$100.9bUS$6.7b6.8x26.6x1.8x
Sun, 20 Aug 2023US$172.4bUS$100.0bUS$6.4b6.8x26.8x1.7x
Tue, 18 Jul 2023US$176.7bUS$99.8bUS$4.0b15.7x43.8x1.8x
Thu, 15 Jun 2023US$162.8bUS$99.8bUS$4.2b22.2x38.3x1.6x
Sat, 13 May 2023US$182.1bUS$104.0bUS$3.8b14.2x47.6x1.8x
Mon, 10 Apr 2023US$190.4bUS$104.5bUS$2.7b49.2x70.6x1.8x
Price to Earnings Ratio

70.6x


Total Market Cap: US$190.4bTotal Earnings: US$2.7bTotal Revenue: US$104.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 26.2x202420252026
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 18.9x which is lower than its 3-year average PE of 26.2x.
  • 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 71% 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 Market1.90%
Telecom4.04%
Wireless Telecom-3.74%
Wireless Telecom Services-3.74%
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$79.648.6%
+US$1.1b		161.1%PE10.1x
TDS Telephone and Data SystemsUS$44.893.9%
+US$192.2m		18.6%PE105.9x
AD Array Digital InfrastructureUS$48.003.1%
+US$126.2m		-30.1%PE24.5x
VEON VEONUS$47.722.1%
+US$68.8m		12.0%PE6.2x
UCL uCloudlink GroupUS$1.455.2%
+US$2.7m		21.8%PE8.7x

Latest News

SURG
US$0.72
SurgePays
7D
-9.4%
1Y
-69.3%
VEON
US$47.72
VEON
7D
2.1%
1Y
12.0%

VEON: Emerging Market AI And Digital Platforms Will Drive Future Upside

Analysts have lifted their price target on VEON to $80.48 from $76.68 as they now apply a slightly higher discount rate and P/E multiple, while assuming modestly adjusted paths for revenue and profit margins. What's in the News JazzCash, VEON's subsidiary in Pakistan, reports 1 million Raast QR enabled merchants and a registered customer base of 58 million, with transactions in 2025 totaling more than PKR 15,000,000 million, roughly US$53b or about 13% of Pakistan's GDP (company announcement).
KYIV
US$10.18
Kyivstar Group
7D
-0.3%
1Y
-7.3%
TIGO
US$79.64
Millicom International Cellular
7D
8.6%
1Y
161.1%

TIGO: Chile Bid Interest And Leverage Profile May Shape Upside Potential

Analysts have raised the fair value estimate for Millicom International Cellular to $89 from $75. This change reflects updated models that incorporate higher revenue growth assumptions, a revised future P/E of 15.39x, and recent price target increases from several research firms.
TDS
US$44.89
Telephone and Data Systems
7D
3.9%
1Y
18.6%

TDS: Future Upside Will Depend On Executing Tower-Focused 2026 Outlook

Narrative update on Telephone and Data Systems Analysts have lifted their price target on Telephone and Data Systems to $56 from $45, citing updated models after the Q4 report, a refreshed 2026 outlook, and a more positive view of the tower business. Analyst Commentary Recent research updates give you a clearer sense of how analysts are thinking about Telephone and Data Systems after the Q4 report and refreshed 2026 outlook.
TMUS
US$201.40
T-Mobile US
7D
-4.8%
1Y
-24.8%

TMUS: Sector Leading 2026 Service And EBITDA Outlook Will Drive Future Upside

The analyst price target for T-Mobile US edges up slightly to $268.68 from $268.52, as analysts fine tune assumptions around revenue growth, profit margins and future P/E multiples, while also factoring in recent price target revisions and ratings changes across the Street. Analyst Commentary Recent research updates on T-Mobile US reflect a mix of optimism about the company’s growth profile and some caution around valuation and sector conditions, which together shape the modest upward move in the consensus price target.
KORE
US$9.08
KORE Group Holdings
7D
0.9%
1Y
270.6%

KORE: Pending Buyout Structure Will Restrict Future Shareholder Upside Potential

Analysts have updated their price target for KORE Group Holdings to reflect a fair value of $5.00, citing small adjustments to the discount rate, profit margin assumptions, and a modestly higher future P/E multiple as key drivers of the change. What's in the News ABRY Partners and Searchlight Capital Partners signed a letter of intent to acquire the remaining majority stake in KORE Group Holdings for approximately US$730 million, and later entered into a definitive agreement for the transaction.
GOGO
US$4.12
Gogo
7D
-8.8%
1Y
-50.2%
AD
US$48.00
Array Digital Infrastructure
7D
3.1%
1Y
-30.1%

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

Analysts have revised their price target for Array Digital Infrastructure to $53.83, reflecting updated assumptions for revenue growth, profit margins and future P/E, which together shape a more balanced view of the company’s potential risk and reward profile. What's in the News Array Digital Infrastructure issued earnings guidance for 2026, with expected total revenue in a range of $200 million to $215 million, giving investors a concrete top line reference point for the year (Corporate guidance).
UCL
US$1.45
uCloudlink Group
7D
5.2%
1Y
21.8%
FNGR
US$1.02
FingerMotion
7D
-3.8%
1Y
-26.1%