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U.S. Telecom Sector Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies479
  • 7D-0.6%
  • 3M4.1%
  • 1Y24.7%
  • YTD0.9%

Over the last 7 days, the Telecom industry has remained flat, although notably Meta Platforms gained 15%. As for the the longer term, the industry is up 25% over the past 12 months. Earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026US$10.0tUS$1.7tUS$300.8b19x33.1x5.7x
Tue, 09 Jun 2026US$8.5tUS$1.7tUS$299.4b17.2x28.3x4.9x
Thu, 07 May 2026US$8.5tUS$1.7tUS$310.4b18.5x27.3x4.9x
Sat, 04 Apr 2026US$7.2tUS$1.7tUS$272.6b15.5x26.6x4.3x
Mon, 02 Mar 2026US$7.7tUS$1.7tUS$274.8b19.7x28x4.6x
Wed, 28 Jan 2026US$7.9tUS$1.6tUS$283.1b16.7x28.1x4.8x
Fri, 26 Dec 2025US$7.8tUS$1.6tUS$282.2b16.2x27.7x4.8x
Sun, 23 Nov 2025US$7.4tUS$1.6tUS$283.1b16.4x26x4.5x
Tue, 21 Oct 2025US$7.5tUS$1.6tUS$286.1b17.8x26.1x4.6x
Thu, 18 Sep 2025US$7.6tUS$1.6tUS$285.9b20.1x26.5x4.7x
Sat, 16 Aug 2025US$7.1tUS$1.6tUS$286.5b20.7x24.6x4.3x
Mon, 14 Jul 2025US$6.6tUS$1.6tUS$250.2b17.8x26.3x4.1x
Wed, 11 Jun 2025US$6.5tUS$1.6tUS$250.0b17.6x25.9x4x
Fri, 09 May 2025US$5.8tUS$1.6tUS$246.6b17x23.6x3.6x
Sun, 06 Apr 2025US$5.2tUS$1.6tUS$227.3b15.3x22.8x3.3x
Tue, 04 Mar 2025US$6.2tUS$1.6tUS$227.7b16.4x27.2x3.9x
Thu, 30 Jan 2025US$6.4tUS$1.6tUS$201.0b17.1x32.1x4.1x
Sat, 28 Dec 2024US$6.2tUS$1.6tUS$189.6b18.5x32.8x4x
Mon, 25 Nov 2024US$5.8tUS$1.6tUS$189.7b20.1x30.4x3.7x
Wed, 23 Oct 2024US$5.6tUS$1.5tUS$183.4b18.2x30.5x3.6x
Fri, 20 Sep 2024US$5.4tUS$1.5tUS$188.1b19x28.6x3.5x
Sun, 18 Aug 2024US$5.3tUS$1.6tUS$189.1b18.8x28.2x3.4x
Tue, 16 Jul 2024US$5.5tUS$1.5tUS$191.2b16.9x28.9x3.6x
Thu, 13 Jun 2024US$5.4tUS$1.5tUS$191.0b16.5x28.3x3.6x
Sat, 11 May 2024US$5.2tUS$1.5tUS$193.7b18.4x26.9x3.4x
Mon, 08 Apr 2024US$5.2tUS$1.5tUS$176.0b19.4x29.3x3.4x
Wed, 06 Mar 2024US$4.8tUS$1.5tUS$173.8b17.4x27.7x3.2x
Fri, 02 Feb 2024US$4.8tUS$1.5tUS$152.6b14.9x31.6x3.1x
Sun, 31 Dec 2023US$4.6tUS$1.5tUS$128.0b15.7x36.2x3x
Tue, 28 Nov 2023US$4.5tUS$1.5tUS$128.3b15.6x35.2x3x
Thu, 26 Oct 2023US$4.1tUS$1.5tUS$108.4b13.7x38.2x2.7x
Sat, 23 Sep 2023US$4.2tUS$1.5tUS$104.7b14.1x40.1x2.8x
Mon, 21 Aug 2023US$4.1tUS$1.5tUS$102.8b14.5x40.3x2.8x
Wed, 19 Jul 2023US$4.3tUS$1.5tUS$106.8b16.3x40x2.9x
Price to Earnings Ratio

40x


Total Market Cap: US$4.3tTotal Earnings: US$106.8bTotal Revenue: US$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Sector Price to Earnings3Y Average 29.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.1x which is higher than its 3-year average PE of 29.8x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 41% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 sector?

US Market0.81%
Telecom-0.62%
Wireless Telecom4.97%
Interactive Media and Services3.13%
Media-1.92%
Entertainment-3.36%
Telecom Services and Carriers-8.60%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 1.0x.
    • Analysts are expecting annual earnings growth of 50.4%, which is higher than its past year's earnings decline of 9.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings decline of 9.7% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
META Meta PlatformsUS$669.2114.8%
+US$219.1b		-6.7%PE24.1x
TMUS T-Mobile USUS$187.615.7%
+US$10.9b		-17.6%PE19.3x
T AT&TUS$21.132.7%
+US$3.8b		-21.7%PE6.9x
BIDU BaiduUS$117.533.7%
+US$1.4b		35.2%PE693.1x
OMC Omnicom GroupUS$81.934.2%
+US$943.4m		12.6%PE370.6x

Latest News

GOOGL
US$357.18
Alphabet
7D
-0.8%
1Y
98.2%
NFLX
US$73.37
Netflix
7D
-5.5%
1Y
-41.1%
T
US$21.13
AT&T
7D
2.7%
1Y
-21.7%
META
US$669.21
Meta Platforms
7D
14.8%
1Y
-6.7%
DIS
US$95.62
Walt Disney
7D
-3.9%
1Y
-20.2%
VZ
US$42.12
Verizon Communications
7D
-1.0%
1Y
1.2%
SPCX
US$145.30
Space Exploration Technologies
7D
-10.3%
1Y
n/a
Seeking Alpha • Jul 10

SpaceX: The IPO Hype Is Fading - Why Shares' True Value May Be Less Than Half Its Market Cap

Summary SpaceX is rated Sell with a $64/share price target, citing an unsustainable $1.95t valuation and excessive 327.72x EV/aEBITDA multiple. SPCX’s growth is driven by major AI data center hosting agreements and defense contracts, but long-term AI TAM assumptions are increasingly questioned. The recent $60b Cursor acquisition and Grok 4.5 launch position SPCX for enterprise AI, yet profitability faces headwinds from launch costs and rising debt. While orbital data center ambitions and vertical integration offer upside, intensifying competition and uncertain execution challenge SPCX’s premium valuation. Read the full article on Seeking Alpha
ASTS
US$73.32
AST SpaceMobile
7D
-13.9%
1Y
60.9%
Narrative Update • Jul 10

ASTS: Japan JV And FCC Approval Will Drive Direct-To-Phone Coverage Potential

Analysts now see fair value for AST SpaceMobile at $108, up from $95, reflecting updated assumptions on launch timing, direct to device positioning relative to Starlink, and the recent mix of price target revisions and rating changes across the Street. Analyst Commentary Recent research on AST SpaceMobile highlights a wide spread of views, with some analysts focusing on execution risks and others pointing to upside potential tied to direct to device momentum and new partnership structures.
TTWO
US$243.20
Take-Two Interactive Software
7D
-4.6%
1Y
4.0%
BAND
US$75.48
Bandwidth
7D
22.5%
1Y
379.8%
Narrative Update • Jul 09

BAND: AI Build And Convertible Notes Will Limit Long Term Upside

Analysts have lifted their price target for Bandwidth from $24.50 to $55.75, citing updated assumptions around lower discount rates, adjusted revenue growth expectations, higher projected profit margins, and a richer future P/E multiple. What’s in the News for Bandwidth Bandwidth Inc.
TMUS
US$187.61
T-Mobile US
7D
5.7%
1Y
-17.6%
Seeking Alpha • Jul 09

T-Mobile US: Cheap Relative To Growth

Summary T-Mobile US remains a Buy as fundamentals strengthen despite recent underperformance and earnings multiple compression. TMUS demonstrates superior revenue growth and margins, trading at a forward PEG of 0.94 versus the sector median of 1.17. Significant leverage and high-interest expenses pose valuation risks, but ongoing debt reduction and share buybacks support the bull case. Continued above-market margins and projected 19% annual bottom-line growth from FY2027 could drive future upside if sustained. Read the full article on Seeking Alpha
NIQ
US$11.25
NIQ Global Intelligence
7D
13.9%
1Y
n/a
OMC
US$81.93
Omnicom Group
7D
4.2%
1Y
12.6%
TIGO
US$96.96
Millicom International Cellular
7D
3.4%
1Y
155.9%
Narrative Update • Jul 07

TIGO: Future Will Struggle With Colombia Execution Risks After Sharp Rally

Millicom International Cellular's implied fair value price target has edged up by about $2.10 to roughly $85.30, as analysts factor in updated assumptions around revenue growth, profitability and P/E, along with recent Street research that reflects higher but more mixed target revisions and views on execution risk. Analyst Commentary Recent research on Millicom International Cellular shows a split in opinion, with some analysts leaning more optimistic on the company’s earnings power and others highlighting valuation and execution risks, especially around Colombia.
ECHO
US$96.00
EchoStar
7D
-5.4%
1Y
211.1%
Narrative Update • Jul 06

ECHO: Spectrum Deals And SpaceX Stake Will Frame Future Risk Reward Balance

Analysts have lifted their EchoStar price target from $147.00 to $161.00. The change reflects updated assumptions that include a slightly lower expected revenue decline, a reduced profit margin outlook, a higher discount rate, and a higher future P/E multiple.
BIDU
US$117.53
Baidu
7D
3.7%
1Y
35.2%
Narrative Update • Jun 30

BIDU: Planned Chip Spin-Off And Robotaxis Will Drive Future Legacy Recovery

Baidu's updated fair value estimate has nudged higher to about $248 as analysts factor in mixed signals from recent price target revisions, including Citi's short term catalyst watch linked to the potential chip business spin off and Susquehanna's view that AI driven growth and legacy marketing pressure leave the stock trading on what they see as an undemanding valuation. Analyst Commentary Recent research on Baidu reflects a mix of optimism around its AI and chip efforts alongside caution about pressure in its legacy online marketing business.