Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

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)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Price to earnings (P/E) 48.36 47.49 49.89 30.48 20.45 21.00 21.93 19.88 20.10 10.98 10.74 11.26 11.23 23.63 25.65 33.73 36.24
Price to operating profit (P/OP) 22.33 23.63 26.42 18.50 12.40 12.53 12.87 11.29 10.93 10.26 9.73 9.80 10.29 10.84 11.59 14.66 13.39
Price to sales (P/S) 2.17 2.43 2.59 2.38 1.58 1.58 1.62 1.41 1.34 1.27 1.20 1.21 1.24 1.28 1.29 1.43 1.37
Price to book value (P/BV) 2.27 2.26 2.12 3.69 2.46 2.54 2.67 2.37 2.35 2.23 2.15 2.20 2.23 2.52 2.59 2.89 2.79 2.36 2.16 1.89

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

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.’s P/E ratio decreased from Q2 2020 to Q3 2020 but then slightly increased from Q3 2020 to Q4 2020.
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.’s P/OP ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
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.’s P/S ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. T-Mobile US Inc.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Earnings (P/E)

T-Mobile US Inc., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 1,242,804,085 1,241,186,776 1,237,808,926 1,235,763,488 856,932,845 855,574,798 854,457,048 854,303,011 850,221,464 848,393,022 847,231,474 846,845,766 854,428,593 831,964,098 831,048,573 830,835,887 826,525,821 824,015,429 822,740,120 822,185,586
Selected Financial Data (US$)
Net income attributable to common stockholders (in millions) 750  1,253  110  951  751  870  939  908  640  795  782  671  2,693  537  567  684  376  353  211  465 
Earnings per share (EPS)2 2.47 2.47 2.17 2.84 4.05 3.92 3.84 3.66 3.40 5.82 5.53 5.28 5.24 2.60 2.38 1.95 1.70 0.00 0.00 0.00
Share price1, 3 119.22 117.26 108.10 86.59 82.77 82.39 84.25 72.71 68.28 63.92 59.36 59.43 58.88 61.47 61.12 65.93 61.60 51.19 45.64 39.33
Valuation Ratio
P/E ratio4 48.36 47.49 49.89 30.48 20.45 21.00 21.93 19.88 20.10 10.98 10.74 11.26 11.23 23.63 25.65 33.73 36.24

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
EPS = (Net income attributable to common stockholdersQ4 2020 + Net income attributable to common stockholdersQ3 2020 + Net income attributable to common stockholdersQ2 2020 + Net income attributable to common stockholdersQ1 2020) ÷ No. shares of common stock outstanding
= (750,000,000 + 1,253,000,000 + 110,000,000 + 951,000,000) ÷ 1,242,804,085 = 2.47

3 Closing price as at the filing date of T-Mobile US Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/E ratio = Share price ÷ EPS
= 119.22 ÷ 2.47 = 48.36

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.’s P/E ratio decreased from Q2 2020 to Q3 2020 but then slightly increased from Q3 2020 to Q4 2020.

Price to Operating Profit (P/OP)

T-Mobile US Inc., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 1,242,804,085 1,241,186,776 1,237,808,926 1,235,763,488 856,932,845 855,574,798 854,457,048 854,303,011 850,221,464 848,393,022 847,231,474 846,845,766 854,428,593 831,964,098 831,048,573 830,835,887 826,525,821 824,015,429 822,740,120 822,185,586
Selected Financial Data (US$)
Operating income (in millions) 1,712  2,565  820  1,539  1,234  1,471  1,541  1,476  1,137  1,440  1,450  1,282  1,112  1,323  1,416  1,037  942  989  768  1,103 
Operating profit per share2 5.34 4.96 4.09 4.68 6.68 6.57 6.55 6.44 6.24 6.23 6.10 6.06 5.72 5.67 5.28 4.50 4.60 0.00 0.00 0.00
Share price1, 3 119.22 117.26 108.10 86.59 82.77 82.39 84.25 72.71 68.28 63.92 59.36 59.43 58.88 61.47 61.12 65.93 61.60 51.19 45.64 39.33
Valuation Ratio
P/OP ratio4 22.33 23.63 26.42 18.50 12.40 12.53 12.87 11.29 10.93 10.26 9.73 9.80 10.29 10.84 11.59 14.66 13.39

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
Operating profit per share = (Operating incomeQ4 2020 + Operating incomeQ3 2020 + Operating incomeQ2 2020 + Operating incomeQ1 2020) ÷ No. shares of common stock outstanding
= (1,712,000,000 + 2,565,000,000 + 820,000,000 + 1,539,000,000) ÷ 1,242,804,085 = 5.34

3 Closing price as at the filing date of T-Mobile US Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 119.22 ÷ 5.34 = 22.33

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.’s P/OP ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Sales (P/S)

T-Mobile US Inc., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 1,242,804,085 1,241,186,776 1,237,808,926 1,235,763,488 856,932,845 855,574,798 854,457,048 854,303,011 850,221,464 848,393,022 847,231,474 846,845,766 854,428,593 831,964,098 831,048,573 830,835,887 826,525,821 824,015,429 822,740,120 822,185,586
Selected Financial Data (US$)
Revenues (in millions) 20,341  19,272  17,671  11,113  11,878  11,061  10,979  11,080  11,445  10,839  10,571  10,455  10,759  10,019  10,213  9,613  10,175  9,246  9,222  8,599 
Sales per share2 55.03 48.29 41.79 36.44 52.51 52.09 51.90 51.43 50.94 50.24 49.34 48.94 47.52 48.10 47.23 46.05 45.06 0.00 0.00 0.00
Share price1, 3 119.22 117.26 108.10 86.59 82.77 82.39 84.25 72.71 68.28 63.92 59.36 59.43 58.88 61.47 61.12 65.93 61.60 51.19 45.64 39.33
Valuation Ratio
P/S ratio4 2.17 2.43 2.59 2.38 1.58 1.58 1.62 1.41 1.34 1.27 1.20 1.21 1.24 1.28 1.29 1.43 1.37

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
Sales per share = (RevenuesQ4 2020 + RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020) ÷ No. shares of common stock outstanding
= (20,341,000,000 + 19,272,000,000 + 17,671,000,000 + 11,113,000,000) ÷ 1,242,804,085 = 55.03

3 Closing price as at the filing date of T-Mobile US Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 119.22 ÷ 55.03 = 2.17

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.’s P/S ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Book Value (P/BV)

T-Mobile US Inc., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 1,242,804,085 1,241,186,776 1,237,808,926 1,235,763,488 856,932,845 855,574,798 854,457,048 854,303,011 850,221,464 848,393,022 847,231,474 846,845,766 854,428,593 831,964,098 831,048,573 830,835,887 826,525,821 824,015,429 822,740,120 822,185,586
Selected Financial Data (US$)
Stockholders’ equity (in millions) 65,344  64,487  62,996  28,977  28,789  27,771  26,967  26,181  24,718  24,355  23,390  22,876  22,559  20,277  19,614  18,963  18,236  17,853  17,395  17,104 
Book value per share (BVPS)2 52.58 51.96 50.89 23.45 33.60 32.46 31.56 30.65 29.07 28.71 27.61 27.01 26.40 24.37 23.60 22.82 22.06 21.67 21.14 20.80
Share price1, 3 119.22 117.26 108.10 86.59 82.77 82.39 84.25 72.71 68.28 63.92 59.36 59.43 58.88 61.47 61.12 65.93 61.60 51.19 45.64 39.33
Valuation Ratio
P/BV ratio4 2.27 2.26 2.12 3.69 2.46 2.54 2.67 2.37 2.35 2.23 2.15 2.20 2.23 2.52 2.59 2.89 2.79 2.36 2.16 1.89

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 65,344,000,000 ÷ 1,242,804,085 = 52.58

3 Closing price as at the filing date of T-Mobile US Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 119.22 ÷ 52.58 = 2.27

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’s required rate of return and its actual rate of return. T-Mobile US Inc.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.