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U.S. Telecom Sector Analysis

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies478
  • 7D3.4%
  • 3M-4.0%
  • 1Y3.4%
  • YTD0.5%

In the last week, the Telecom industry is up 3.4%, with Alphabet up 4.4%. During this same period, the T-Mobile US underperformed, falling 6.0%. In the last 12 months, the industry was up 3.4%. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Sep 2026US$10.1tUS$1.8tUS$384.7b17.8x26.1x5.6x
Sun, 16 Aug 2026US$9.7tUS$1.8tUS$382.8b18.9x25.4x5.4x
Tue, 14 Jul 2026US$10.0tUS$1.7tUS$300.8b18.9x33.1x5.7x
Thu, 11 Jun 2026US$9.7tUS$1.7tUS$299.4b17.9x32.6x5.6x
Sat, 09 May 2026US$8.5tUS$1.7tUS$309.1b17.7x27.6x5x
Mon, 06 Apr 2026US$7.2tUS$1.7tUS$272.6b15.5x26.6x4.3x
Wed, 04 Mar 2026US$7.7tUS$1.7tUS$273.1b17.7x28.1x4.6x
Fri, 30 Jan 2026US$7.9tUS$1.7tUS$282.1b16.4x28.2x4.8x
Sun, 28 Dec 2025US$7.8tUS$1.6tUS$282.2b16.3x27.7x4.7x
Tue, 25 Nov 2025US$7.4tUS$1.6tUS$283.1b16.7x26.1x4.5x
Thu, 23 Oct 2025US$7.4tUS$1.6tUS$286.2b18.4x25.9x4.6x
Sat, 20 Sep 2025US$7.6tUS$1.6tUS$286.0b20.4x26.6x4.7x
Mon, 18 Aug 2025US$7.1tUS$1.6tUS$286.5b20.7x24.8x4.3x
Wed, 16 Jul 2025US$6.6tUS$1.6tUS$249.7b17.3x26.5x4.1x
Fri, 13 Jun 2025US$6.5tUS$1.6tUS$250.1b17.3x25.8x4x
Sun, 11 May 2025US$5.8tUS$1.6tUS$247.7b17.1x23.3x3.6x
Tue, 08 Apr 2025US$5.2tUS$1.6tUS$227.3b15x22.8x3.3x
Thu, 06 Mar 2025US$6.1tUS$1.6tUS$228.2b16.5x26.7x3.8x
Sat, 01 Feb 2025US$6.5tUS$1.6tUS$209.0b17.2x31.3x4.2x
Mon, 30 Dec 2024US$6.2tUS$1.6tUS$189.8b18.5x32.4x3.9x
Wed, 27 Nov 2024US$5.8tUS$1.6tUS$189.8b20.3x30.5x3.7x
Fri, 25 Oct 2024US$5.5tUS$1.5tUS$180.7b18.3x30.7x3.6x
Sun, 22 Sep 2024US$5.5tUS$1.5tUS$188.2b18.1x29.2x3.6x
Tue, 20 Aug 2024US$5.3tUS$1.6tUS$189.2b19.1x28.2x3.4x
Thu, 18 Jul 2024US$5.5tUS$1.5tUS$191.1b18.9x28.9x3.6x
Sat, 15 Jun 2024US$5.4tUS$1.5tUS$191.0b16.4x28.2x3.5x
Mon, 13 May 2024US$5.2tUS$1.5tUS$193.7b18.5x26.8x3.4x
Wed, 10 Apr 2024US$5.2tUS$1.5tUS$176.0b19.1x29.3x3.4x
Fri, 08 Mar 2024US$4.9tUS$1.5tUS$173.7b16.9x27.9x3.2x
Sun, 04 Feb 2024US$5.0tUS$1.5tUS$161.9b14.8x31x3.3x
Tue, 02 Jan 2024US$4.6tUS$1.5tUS$128.1b15.7x36.2x3x
Thu, 30 Nov 2023US$4.5tUS$1.5tUS$128.3b16x35.2x3x
Sat, 28 Oct 2023US$4.0tUS$1.5tUS$125.9b12.5x32x2.7x
Mon, 25 Sep 2023US$4.2tUS$1.5tUS$104.7b14.1x40.1x2.8x
Price to Earnings Ratio

40.1x


Total Market Cap: US$4.2tTotal Earnings: US$104.7bTotal Revenue: US$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Sector Price to Earnings3Y Average 28.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.9x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 54% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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 Market0.54%
Telecom3.41%
Interactive Media and Services4.74%
Telecom Services and Carriers2.89%
Media0.73%
Entertainment-0.23%
Wireless Telecom-5.35%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 10.8x.
    • Analysts are expecting annual earnings growth of 47.1%, which is higher than its past year's earnings decline of 16.2% per year.
  • Investors are most pessimistic about the Wireless Telecom industry, which is trading below its 3-year average of 22.6x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Interactive Media and Services industry is expected to see its earnings grow by 4.5% 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
GOOGL AlphabetUS$347.334.4%
+US$180.1b		37.8%PE17.4x
META Meta PlatformsUS$682.315.9%
+US$96.6b		-12.6%PE25.5x
SPCX Space Exploration TechnologiesUS$154.814.5%
+US$90.0b		n/aPS91.2x
APP AppLovinUS$321.602.3%
+US$2.4b		-48.3%PE24.4x
RBLX RobloxUS$47.505.8%
+US$1.9b		-65.0%PS6x

Latest News

APP
US$321.60
AppLovin
7D
2.3%
1Y
-48.3%
GOOGL
US$347.33
Alphabet
7D
4.4%
1Y
37.8%
DIS
US$105.35
Walt Disney
7D
-0.4%
1Y
-8.3%
VZ
US$48.33
Verizon Communications
7D
-3.3%
1Y
10.7%
SPOT
US$528.84
Spotify Technology
7D
1.4%
1Y
-28.0%
META
US$682.31
Meta Platforms
7D
5.9%
1Y
-12.6%
ASTS
US$62.71
AST SpaceMobile
7D
4.7%
1Y
51.3%
TMUS
US$166.45
T-Mobile US
7D
-6.0%
1Y
-30.3%
SPCX
US$154.81
Space Exploration Technologies
7D
4.5%
1Y
n/a
Narrative Update • Sep 17

SPCX: Fair Value View Balances Orbital AI Ambitions And Starship Execution Risks

Analysts have lifted their fair value estimate for Space Exploration Technologies to $140 from $117, reflecting updated assumptions for higher revenue growth, lower profit margins, and a richer future P/E multiple supported by a broad range of Street research on Starship, Starlink, and AI infrastructure. Analyst Commentary Street research on Space Exploration Technologies shows a wide split in opinion.
ECHO
US$94.08
EchoStar
7D
2.4%
1Y
32.1%
Narrative Update • Sep 17

ECHO: SpaceX Stake And Spectrum Portfolio Will Drive Future Repricing

EchoStar's fair value estimate has moved from $128.43 to $131.44 as analysts factor in wider discussion of the stock's implied discount to its underlying assets, including spectrum holdings and the expected SpaceX stake. They have also brought their updated price targets and discount rate assumptions into closer alignment with that view.
CHTR
US$133.37
Charter Communications
7D
-5.1%
1Y
-49.1%
Narrative Update • Sep 17

CHTR: Future Upside Will Hinge On Broadband Stabilization After Cox Acquisition

Charter Communications' analyst fair value estimate has been cut by about $5 to $179. This reflects a wave of lower price targets as analysts weigh tougher broadband competition, softer subscriber trends and mixed views on the benefits of recent transactions.
RBLX
US$47.50
Roblox
7D
5.8%
1Y
-65.0%
Narrative Update • Sep 17

RBLX: Safety And Discovery Overhaul Will Support Future Engagement And Monetization

Roblox's analyst fair value estimate has been reset from $73.78 to $65.00, as analysts factor in more modest revenue growth assumptions despite recent price target increases tied to product updates, higher engagement, and ongoing platform investments highlighted at the Roblox Developers Conference. Analyst Commentary Recent research on Roblox reflects a split view, with some firms trimming expectations after softer Q2 bookings and cautious guidance, while more bullish analysts highlight product updates from the Roblox Developers Conference, higher engagement, and a refreshed roadmap as reasons to raise price targets and stay constructive on the stock.
T
US$25.39
AT&T
7D
-0.6%
1Y
-13.0%
CMCSA
US$22.91
Comcast
7D
-9.0%
1Y
-27.6%
NFLX
US$75.31
Netflix
7D
-0.9%
1Y
-37.6%
TTWO
US$210.62
Take-Two Interactive Software
7D
-2.9%
1Y
-15.7%