Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
T-Mobile US Inc., historical price multiples (quarterly data)
Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | T-Mobile US Inc. P/E ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024 not reaching Q2 2024 level. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | T-Mobile US Inc. P/OP ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | T-Mobile US Inc. P/S ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | T-Mobile US Inc. P/BV ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Price to Earnings (P/E)
T-Mobile US Inc., historical P/E calculation (quarterly data)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,141,744,952 | 1,160,486,648 | 1,166,784,033 | 1,171,854,259 | 1,186,867,575 | 1,156,475,060 | 1,176,457,229 | 1,199,892,465 | 1,219,383,110 | 1,244,154,134 | 1,254,041,236 | 1,253,584,833 | 1,249,289,954 | 1,249,053,529 | 1,247,966,318 | 1,246,857,781 | 1,242,804,085 | 1,241,186,776 | 1,237,808,926 | 1,235,763,488 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Net income (loss) (in millions) | 2,981) | 3,059) | 2,925) | 2,374) | 2,014) | 2,142) | 2,221) | 1,940) | 1,477) | 508) | (108) | 713) | 422) | 691) | 978) | 933) | 750) | 1,253) | 110) | 951) | ||||||
| Earnings per share (EPS)2 | 9.93 | 8.94 | 8.10 | 7.47 | 7.01 | 6.73 | 5.22 | 3.18 | 2.12 | 1.23 | 1.37 | 2.24 | 2.42 | 2.68 | 3.14 | 2.44 | 2.47 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 232.97 | 220.95 | 182.28 | 163.96 | 161.78 | 140.99 | 139.88 | 149.94 | 147.49 | 140.63 | 143.06 | 126.80 | 124.48 | 115.80 | 144.50 | 128.48 | 119.22 | 117.26 | 108.10 | 86.59 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/E ratio4 | 23.46 | 24.72 | 22.49 | 21.96 | 23.09 | 20.96 | 26.78 | 47.13 | 69.44 | 113.98 | 104.43 | 56.69 | 51.43 | 43.15 | 46.07 | 52.59 | 48.36 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||
| AT&T Inc. | — | 17.98 | 10.99 | 8.99 | 8.47 | — | — | — | — | 6.53 | 6.60 | 8.08 | 8.60 | 187.60 | — | — | — | 17.89 | 17.88 | 14.26 | ||||||
| Verizon Communications Inc. | — | 17.78 | 14.95 | 14.60 | 14.38 | 6.94 | 6.80 | 7.55 | 7.91 | 7.93 | 9.20 | 9.51 | 10.14 | 9.97 | 11.54 | 12.34 | 13.13 | 12.97 | 12.42 | 13.01 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2024 Calculation
EPS
= (Net income (loss)Q4 2024
+ Net income (loss)Q3 2024
+ Net income (loss)Q2 2024
+ Net income (loss)Q1 2024)
÷ No. shares of common stock outstanding
= (2,981,000,000 + 3,059,000,000 + 2,925,000,000 + 2,374,000,000)
÷ 1,141,744,952 = 9.93
3 Closing price as at the filing date of T-Mobile US Inc. Quarterly or Annual Report.
4 Q4 2024 Calculation
P/E ratio = Share price ÷ EPS
= 232.97 ÷ 9.93 = 23.46
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | T-Mobile US Inc. P/E ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024 not reaching Q2 2024 level. |
Price to Operating Profit (P/OP)
T-Mobile US Inc., historical P/OP calculation (quarterly data)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,141,744,952 | 1,160,486,648 | 1,166,784,033 | 1,171,854,259 | 1,186,867,575 | 1,156,475,060 | 1,176,457,229 | 1,199,892,465 | 1,219,383,110 | 1,244,154,134 | 1,254,041,236 | 1,253,584,833 | 1,249,289,954 | 1,249,053,529 | 1,247,966,318 | 1,246,857,781 | 1,242,804,085 | 1,241,186,776 | 1,237,808,926 | 1,235,763,488 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Operating income (in millions) | 4,586) | 4,796) | 4,630) | 3,998) | 3,480) | 3,596) | 3,793) | 3,397) | 2,747) | 1,281) | 709) | 1,806) | 1,063) | 1,584) | 2,106) | 2,139) | 1,712) | 2,565) | 820) | 1,539) | ||||||
| Operating profit per share2 | 15.77 | 14.57 | 13.46 | 12.69 | 12.02 | 11.70 | 9.54 | 6.78 | 5.37 | 3.91 | 4.12 | 5.23 | 5.52 | 6.04 | 6.83 | 5.80 | 5.34 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 232.97 | 220.95 | 182.28 | 163.96 | 161.78 | 140.99 | 139.88 | 149.94 | 147.49 | 140.63 | 143.06 | 126.80 | 124.48 | 115.80 | 144.50 | 128.48 | 119.22 | 117.26 | 108.10 | 86.59 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/OP ratio4 | 14.77 | 15.17 | 13.54 | 12.92 | 13.46 | 12.05 | 14.67 | 22.12 | 27.49 | 36.01 | 34.75 | 24.23 | 22.56 | 19.18 | 21.16 | 22.14 | 22.33 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||
| AT&T Inc. | — | 8.38 | 6.07 | 5.17 | 5.12 | — | — | — | — | 5.94 | 5.68 | 6.52 | 7.32 | 24.28 | 31.58 | 35.17 | 31.88 | 8.72 | 8.77 | 7.27 | ||||||
| Verizon Communications Inc. | — | 7.97 | 7.18 | 7.24 | 7.30 | 4.91 | 4.78 | 5.39 | 5.52 | 4.96 | 6.00 | 6.27 | 6.90 | 6.86 | 7.49 | 7.78 | 8.12 | 8.40 | 8.27 | 8.18 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2024 Calculation
Operating profit per share
= (Operating incomeQ4 2024
+ Operating incomeQ3 2024
+ Operating incomeQ2 2024
+ Operating incomeQ1 2024)
÷ No. shares of common stock outstanding
= (4,586,000,000 + 4,796,000,000 + 4,630,000,000 + 3,998,000,000)
÷ 1,141,744,952 = 15.77
3 Closing price as at the filing date of T-Mobile US Inc. Quarterly or Annual Report.
4 Q4 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 232.97 ÷ 15.77 = 14.77
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | T-Mobile US Inc. P/OP ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024. |
Price to Sales (P/S)
T-Mobile US Inc., historical P/S calculation (quarterly data)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,141,744,952 | 1,160,486,648 | 1,166,784,033 | 1,171,854,259 | 1,186,867,575 | 1,156,475,060 | 1,176,457,229 | 1,199,892,465 | 1,219,383,110 | 1,244,154,134 | 1,254,041,236 | 1,253,584,833 | 1,249,289,954 | 1,249,053,529 | 1,247,966,318 | 1,246,857,781 | 1,242,804,085 | 1,241,186,776 | 1,237,808,926 | 1,235,763,488 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Revenues (in millions) | 21,872) | 20,162) | 19,772) | 19,594) | 20,478) | 19,252) | 19,196) | 19,632) | 20,273) | 19,477) | 19,701) | 20,120) | 20,785) | 19,624) | 19,950) | 19,759) | 20,341) | 19,272) | 17,671) | 11,113) | ||||||
| Sales per share2 | 71.29 | 68.94 | 67.79 | 67.00 | 66.19 | 67.75 | 66.79 | 65.91 | 65.26 | 64.37 | 63.98 | 64.20 | 64.13 | 63.79 | 63.56 | 61.79 | 55.03 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 232.97 | 220.95 | 182.28 | 163.96 | 161.78 | 140.99 | 139.88 | 149.94 | 147.49 | 140.63 | 143.06 | 126.80 | 124.48 | 115.80 | 144.50 | 128.48 | 119.22 | 117.26 | 108.10 | 86.59 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/S ratio4 | 3.27 | 3.20 | 2.69 | 2.45 | 2.44 | 2.08 | 2.09 | 2.27 | 2.26 | 2.18 | 2.24 | 1.98 | 1.94 | 1.82 | 2.27 | 2.08 | 2.17 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||
| AT&T Inc. | — | 1.30 | 1.13 | 0.99 | 0.98 | 0.90 | 0.85 | 1.03 | 1.14 | 0.99 | 0.93 | 0.89 | 1.01 | 1.02 | 1.13 | 1.34 | 1.19 | 1.13 | 1.21 | 1.15 | ||||||
| Verizon Communications Inc. | — | 1.30 | 1.25 | 1.23 | 1.25 | 1.08 | 1.06 | 1.20 | 1.23 | 1.13 | 1.42 | 1.52 | 1.68 | 1.64 | 1.74 | 1.80 | 1.82 | 1.85 | 1.83 | 1.82 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2024 Calculation
Sales per share
= (RevenuesQ4 2024
+ RevenuesQ3 2024
+ RevenuesQ2 2024
+ RevenuesQ1 2024)
÷ No. shares of common stock outstanding
= (21,872,000,000 + 20,162,000,000 + 19,772,000,000 + 19,594,000,000)
÷ 1,141,744,952 = 71.29
3 Closing price as at the filing date of T-Mobile US Inc. Quarterly or Annual Report.
4 Q4 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 232.97 ÷ 71.29 = 3.27
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | T-Mobile US Inc. P/S ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Price to Book Value (P/BV)
T-Mobile US Inc., historical P/BV calculation (quarterly data)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,141,744,952 | 1,160,486,648 | 1,166,784,033 | 1,171,854,259 | 1,186,867,575 | 1,156,475,060 | 1,176,457,229 | 1,199,892,465 | 1,219,383,110 | 1,244,154,134 | 1,254,041,236 | 1,253,584,833 | 1,249,289,954 | 1,249,053,529 | 1,247,966,318 | 1,246,857,781 | 1,242,804,085 | 1,241,186,776 | 1,237,808,926 | 1,235,763,488 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | 61,741) | 64,250) | 62,636) | 62,074) | 64,715) | 64,698) | 65,750) | 66,925) | 69,656) | 70,150) | 70,034) | 69,976) | 69,102) | 68,427) | 67,470) | 66,377) | 65,344) | 64,487) | 62,996) | 28,977) | ||||||
| Book value per share (BVPS)2 | 54.08 | 55.36 | 53.68 | 52.97 | 54.53 | 55.94 | 55.89 | 55.78 | 57.12 | 56.38 | 55.85 | 55.82 | 55.31 | 54.78 | 54.06 | 53.24 | 52.58 | 51.96 | 50.89 | 23.45 | ||||||
| Share price1, 3 | 232.97 | 220.95 | 182.28 | 163.96 | 161.78 | 140.99 | 139.88 | 149.94 | 147.49 | 140.63 | 143.06 | 126.80 | 124.48 | 115.80 | 144.50 | 128.48 | 119.22 | 117.26 | 108.10 | 86.59 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/BV ratio4 | 4.31 | 3.99 | 3.40 | 3.10 | 2.97 | 2.52 | 2.50 | 2.69 | 2.58 | 2.49 | 2.56 | 2.27 | 2.25 | 2.11 | 2.67 | 2.41 | 2.27 | 2.26 | 2.12 | 3.69 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||
| AT&T Inc. | — | 1.55 | 1.31 | 1.15 | 1.16 | 1.06 | 1.02 | 1.26 | 1.41 | 1.06 | 1.11 | 0.82 | 1.03 | 1.08 | 1.23 | 1.40 | 1.26 | 1.12 | 1.21 | 1.15 | ||||||
| Verizon Communications Inc. | — | 1.81 | 1.75 | 1.75 | 1.81 | 1.48 | 1.50 | 1.76 | 1.84 | 1.75 | 2.22 | 2.43 | 2.74 | 2.85 | 3.13 | 3.27 | 3.45 | 3.65 | 3.79 | 3.97 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2024 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 61,741,000,000 ÷ 1,141,744,952 = 54.08
3 Closing price as at the filing date of T-Mobile US Inc. Quarterly or Annual Report.
4 Q4 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 232.97 ÷ 54.08 = 4.31
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | T-Mobile US Inc. P/BV ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |