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U.S. Telecom Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies495
  • 7D-0.5%
  • 3M4.5%
  • 1Y27.7%
  • YTD21.5%

Last week, the Telecom industry hasn't moved much but Alphabet is up 3.9% in that time. As for the the longer term, the industry is up 28% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025US$7.4tUS$1.6tUS$283.1b16.1x26.1x4.5x
Sun, 19 Oct 2025US$7.4tUS$1.6tUS$286.1b17.6x25.7x4.6x
Tue, 16 Sep 2025US$7.5tUS$1.6tUS$286.1b20.2x26.3x4.7x
Thu, 14 Aug 2025US$7.0tUS$1.6tUS$286.5b19.7x24.5x4.3x
Sat, 12 Jul 2025US$6.6tUS$1.6tUS$250.2b18.4x26.4x4.1x
Mon, 09 Jun 2025US$6.4tUS$1.6tUS$250.0b17.2x25.8x4x
Wed, 07 May 2025US$5.9tUS$1.6tUS$243.4b16.8x24.3x3.7x
Fri, 04 Apr 2025US$5.7tUS$1.6tUS$227.3b15.8x25.3x3.6x
Sun, 02 Mar 2025US$6.2tUS$1.6tUS$227.8b16.8x27.2x3.9x
Tue, 28 Jan 2025US$6.3tUS$1.6tUS$200.2b17.3x31.5x4x
Thu, 26 Dec 2024US$6.2tUS$1.6tUS$189.6b18x32.9x4x
Sat, 23 Nov 2024US$5.8tUS$1.6tUS$189.7b20.1x30.6x3.7x
Mon, 21 Oct 2024US$5.7tUS$1.5tUS$188.9b18.5x29.9x3.7x
Wed, 18 Sep 2024US$5.4tUS$1.5tUS$187.3b18.9x28.6x3.5x
Fri, 16 Aug 2024US$5.3tUS$1.6tUS$189.1b20.8x27.9x3.4x
Sun, 14 Jul 2024US$5.5tUS$1.5tUS$191.2b17.3x28.9x3.6x
Tue, 11 Jun 2024US$5.4tUS$1.5tUS$191.0b16.6x28.2x3.5x
Thu, 09 May 2024US$5.2tUS$1.5tUS$194.1b18x26.8x3.4x
Sat, 06 Apr 2024US$5.1tUS$1.5tUS$176.0b19.4x28.9x3.4x
Mon, 04 Mar 2024US$4.9tUS$1.5tUS$174.3b16.9x28x3.2x
Wed, 31 Jan 2024US$5.0tUS$1.5tUS$145.5b15.4x34.5x3.3x
Fri, 29 Dec 2023US$4.6tUS$1.5tUS$128.0b15.1x36.3x3.1x
Sun, 26 Nov 2023US$4.5tUS$1.5tUS$128.3b16x35.2x3x
Tue, 24 Oct 2023US$4.3tUS$1.5tUS$102.5b14.2x42x2.9x
Thu, 21 Sep 2023US$4.3tUS$1.5tUS$104.4b14x41x2.9x
Sat, 19 Aug 2023US$4.2tUS$1.5tUS$102.8b14.5x40.7x2.8x
Mon, 17 Jul 2023US$4.3tUS$1.5tUS$106.8b16.6x40x2.9x
Wed, 14 Jun 2023US$4.1tUS$1.5tUS$107.1b17.2x38.5x2.8x
Fri, 12 May 2023US$3.9tUS$1.5tUS$105.3b17.4x36.9x2.6x
Sun, 09 Apr 2023US$3.8tUS$1.5tUS$115.4b16.3x33.3x2.6x
Tue, 07 Mar 2023US$3.6tUS$1.5tUS$113.7b19x31.4x2.4x
Thu, 02 Feb 2023US$3.7tUS$1.5tUS$141.2b19x26.1x2.5x
Sat, 31 Dec 2022US$3.2tUS$1.5tUS$166.4b15.2x19.1x2.1x
Mon, 28 Nov 2022US$3.3tUS$1.5tUS$165.9b18.2x20x2.2x
Price to Earnings Ratio

20x


Total Market Cap: US$3.3tTotal Earnings: US$165.9bTotal Revenue: US$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Sector Price to Earnings3Y Average 30.1x202320242025
Current Industry PE
  • Investors are pessimistic on the American Communication Services 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 26.1x which is lower than its 3-year average PE of 30.1x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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 Market-3.20%
Telecom-0.50%
Interactive Media and Services1.34%
Wireless Telecom-1.61%
Telecom Services and Carriers-2.15%
Media-3.87%
Entertainment-6.34%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 17.3%, which is higher than its past year's earnings decline of 4.9% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.0x.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 4.9% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 6.5% 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$289.453.9%
+US$131.3b		72.7%PE28.1x
WBD Warner Bros. DiscoveryUS$22.883.3%
+US$1.8b		123.7%PE115.9x
PSKY Paramount SkydanceUS$15.682.0%
+US$340.2m		41.4%PS0.6x
TIGO Millicom International CellularUS$52.073.3%
+US$279.0m		98.1%PE7.9x
JOYY JOYYUS$63.709.0%
+US$270.2m		76.8%PE1.9x

Latest News

JOYY
US$63.70
JOYY
7D
9.0%
1Y
76.8%
NIQ
US$14.74
NIQ Global Intelligence
7D
5.1%
1Y
n/a
SPOT
US$589.23
Spotify Technology
7D
-8.7%
1Y
25.2%
RBLX
US$91.70
Roblox
7D
-9.5%
1Y
85.8%

Roblox Corporation (NYSE:RBLX) Stocks Pounded By 28% But Not Lagging Industry On Growth Or Pricing

Nov 20
Roblox Corporation (NYSE:RBLX) Stocks Pounded By 28% But Not Lagging Industry On Growth Or Pricing
META
US$589.15
Meta Platforms
7D
-3.3%
1Y
5.4%
BIDU
US$110.45
Baidu
7D
-8.5%
1Y
35.3%
TMUS
US$210.51
T-Mobile US
7D
-2.6%
1Y
-11.7%
WBD
US$22.88
Warner Bros. Discovery
7D
3.3%
1Y
123.7%
CMCSA
US$26.63
Comcast
7D
-4.8%
1Y
-38.8%

CMCSA: New Sports Channel Launch And M&A Activity Will Drive Momentum

Comcast's analyst price target has been lowered by approximately $0.65 to $35.10. This adjustment reflects growing concerns among analysts about intensified broadband competition, EBITDA pressures, and slower subscriber growth.
TIGO
US$52.07
Millicom International Cellular
7D
3.3%
1Y
98.1%

TIGO: Medium-Term Outlook Will Weigh Colombia Market Developments Against Softer Regional Trends

Analysts have raised their fair value price target for Millicom International Cellular from $49.14 to $51.35. This reflects improved growth prospects, a higher profit margin outlook, and ongoing optimism following recent upward Street research revisions.
GOOGL
US$289.45
Alphabet
7D
3.9%
1Y
72.7%

GOOGL: Future Profitability Will Be Driven By Expanding AI Monetization And Margin Improvement

Alphabet’s analyst price target has been raised from approximately $305.66 to $318.24, as analysts cite continued strength in AI-driven monetization, broad-based business outperformance, and higher projected margins and growth as key drivers for their increased valuation. Analyst Commentary Analysts have been active in updating their outlook on Alphabet, reflecting both confidence in the company's trajectory and consideration of potential risks.
DIS
US$102.70
Walt Disney
7D
-4.6%
1Y
-10.5%
PSKY
US$15.68
Paramount Skydance
7D
2.0%
1Y
41.4%
NFLX
US$105.67
Netflix
7D
-8.4%
1Y
17.7%
STGW
US$5.16
Stagwell
7D
6.6%
1Y
-34.4%

STGW: AI Partnership Will Drive Client Adoption And Support Market Expansion

Analysts have raised their price target for Stagwell from $7.73 to $7.81, citing improved revenue growth expectations even though projected profit margins have been reduced. What's in the News Stagwell and Palantir Technologies have launched a partnership to create an AI-powered platform for marketers.
VEON
US$51.52
VEON
7D
6.4%
1Y
66.2%