Communication Services · Wireless Telecommunication Services · US stock · price as of 16 Oct 2026
Key indicators
Price
$159.10
52-week range
$147.90 – $225.77
Market cap
$172.2B
P/E (trailing)
16.7×
EV / EBITDA
5.4×
Free-cash-flow yield
10.7%
Dividend yield
2.6%
Revenue (last 12 months)
$92.2B
Revenue growth (3y a year)
3.5%
Operating margin
19.8%
Return on invested capital
23.4%
Net debt / EBITDA
0.1×
Fair value
Blended fair value$369.37 range $343 – $411
Versus priceUndervalued+132% to fair value
Peer multiples
$289.65
Fundamentals-adjusted multiple
$320.41
10-year DCF (market-scaled)
$498.04
Earnings power value (floor, not blended)
$147.82
Model uncertainty
Medium
X-Ray Score
67/ 100 · Medium confidence · ahead of 94% of sector peers
Valuation86
Growth68
Profitability60
Financial health56
Dividends59
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
T-Mobile US is a wireless carrier that provides mobile phone, data and home internet services to consumers and businesses in the United States. It operates a large nationwide network and sells devices through retail stores, online and through partners. Revenue comes mainly from monthly service plans, along with device sales and financing, and it grew its scale after merging with Sprint.
T-Mobile US, Inc. generated $92.2 billion in revenue during the last twelve months. The three-year revenue growth rate is 3.5% a year. Operating margin stands at 19.8%, showing profit left after running costs. Return on invested capital stands at 23%. Net debt is 0.1 times of EBITDA. A dividend is paid, with a yield of 2.6%.
StocksXray gives T-Mobile US, Inc. an X-Ray Score of 67 out of 100 (medium confidence), ahead of 94% of the S&P 500 stocks in its sector. Its strongest lens is valuation (86) and its weakest is financial health (56).
Our fair value blend is $369.37 (range $342.63 to $411.44). At $159.10 the stock trades 57% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
T-Mobile US, Inc. (TMUS)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$110.27
$133.11
$153.11
$213.90
$199.82
$159.10
Market cap
$138.4B
$167.1B
$183.8B
$251.0B
$226.0B
$172.2B
P/E
45.8×
64.6×
22.1×
22.1×
20.6×
16.7×
EV / revenue
2.6×
3.0×
3.2×
4.0×
3.5×
1.9×
EV / EBITDA
8.8×
11.9×
9.4×
10.5×
9.6×
5.4×
Price / free cash flow
87.0×
59.4×
21.0×
18.7×
12.6×
9.4×
Free-cash-flow yield
1.1%
1.7%
4.8%
5.4%
8.0%
10.7%
Price / book
2.0×
2.4×
2.8×
4.1×
3.8×
3.1×
Dividend yield
–
–
0.42%
1.73%
1.90%
2.56%
Fundamentals checklist ● 9 Good · ● 5 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−8.6%Good
Free-cash-flow yield10.7%Good
Risk models
Altman Z score1.3×Average
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)67.7%Good
Free-cash-flow growth (3y)85.7%Good
Revenue growth (3y)3.5%Bad
Growth consistency90%Average
Balance sheet
Current ratio0.9×Average
Net debt / EBITDA0.1×Good
Interest coverno interest costGood
Valuation
Fair value vs price2.3×Good
EBIT / EV yield10.4%Good
Profitability
Return on invested capital23.4%Good
Operating margin19.8%Average
XStocksXray
T-Mobile US, Inc. (TMUS)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
80,118
79,571
78,558
81,400
88,309
92,189
Gross profit
–
–
–
–
–
–
Operating income
6,892
6,543
14,266
18,010
18,279
18,253
Net income
3,024
2,590
8,317
11,339
10,992
10,560
Diluted EPS ($)
2.41
2.06
6.93
9.66
9.72
9.51
Free cash flow
1,591
2,811
8,758
13,453
17,995
18,399
Gross margin
–
–
–
–
–
–
Operating margin
8.6%
8.2%
18.2%
22.1%
20.7%
19.8%
Net margin
3.8%
3.3%
10.6%
13.9%
12.4%
11.5%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
206,563
211,338
207,682
208,035
219,237
213,553
Cash
6,631
4,507
5,135
5,409
5,598
2,825
Total debt
73,832
77,124
75,018
78,265
86,282
6,117
Equity
69,102
69,656
64,715
61,741
59,203
56,265
Dividend per share ($)
–
–
0.65
3.71
3.80
4.08
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.