Question 1

What is Telephone and Data Systems's P/E ratio?

Accepted Answer

Telephone and Data Systems (TDS) P/E ratio is 34.8× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Telephone and Data Systems?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Telephone and Data Systems specifically, the relevant sector benchmark is the current sector median of 24.9×.

Question 5

Is Telephone and Data Systems's P/E ratio high or low?

Accepted Answer

Telephone and Data Systems's P/E ratio of 34.8× is above its own 5-year average of 28.6× and above the sector median of 24.9×. That places the current reading at the 86th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Telephone and Data Systems's historical P/E ratio range?

Accepted Answer

In the available daily series, Telephone and Data Systems (TDS) P/E ratio has ranged from a low of 8.4× in 2018 to a high of 389.0× in 2009. The 5-year average is 28.6× and the 5-year median is 14.9×.

Question 7

What was Telephone and Data Systems's P/E ratio in 2022?

Accepted Answer

Telephone and Data Systems (TDS) P/E ratio at the end of 2022 was 18.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Telephone and Data Systems's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$4.71B	−$6.28M	—	—	Dec 31, 2025
2024	$3.89B	−$28.00M	—	—	Dec 31, 2024
2023	$2.07B	−$500.00M	—	—	Dec 31, 2023
2022	$1.19B	$63.00M	18.8×	+4.0×	Dec 31, 2022
2021	$2.32B	$156.00M	14.9×	+5.5×	Dec 31, 2021
2020	$2.12B	$226.00M	9.4×	-14.8×	Dec 31, 2020
2019	$2.92B	$121.00M	24.2×	-3.3×	Dec 31, 2019
2018	$3.68B	$134.00M	27.4×	+7.3×	Dec 31, 2018
2017	$3.09B	$153.00M	20.2×	-52.0×	Dec 31, 2017
2016	$3.18B	$44.00M	72.2×	+59.3×	Dec 31, 2016
2015	$2.82B	$219.13M	12.9×	—	Dec 31, 2015
2014	$2.63B	−$136.37M	—	—	Dec 31, 2014
2013	$2.80B	$141.90M	19.8×	-9.5×	Dec 31, 2013
2012	$2.40B	$81.83M	29.3×	+16.4×	Dec 31, 2012
2011	$2.59B	$200.53M	12.9×	-13.4×	Dec 31, 2011
2010	$3.80B	$144.60M	26.3×	+7.8×	Dec 31, 2010
2009	$3.59B	$194.06M	18.5×	-19.6×	Dec 31, 2009
2008	$3.56B	$93.50M	38.1×	+19.1×	Dec 31, 2008
2007	$7.36B	$386.09M	19.1×	-20.2×	Dec 31, 2007
2006	$6.35B	$161.61M	39.3×	+20.3×	Dec 31, 2006
2005	$4.17B	$219.39M	19.0×	-73.7×	Dec 31, 2005
2004	$4.54B	$48.90M	92.7×	+39.9×	Dec 31, 2004
2003	$3.67B	$69.39M	52.8×	—	Dec 31, 2003
2002	$2.82B	−$984.37M	—	—	Dec 31, 2002
2001	$5.39B	−$198.40M	—	—	Dec 31, 2001


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P/E Ratio for Telephone and Data Systems (TDS)

P/E Ratio daily chart for Telephone and Data Systems (TDS)

Historical P/E Ratio for Telephone and Data Systems (TDS) from 2001 to 2025

About P/E Ratio at Telephone and Data Systems (TDS)

Telephone and Data Systems P/E Ratio by Year

Telephone and Data Systems P/E Ratio 2022: 18.8×

Telephone and Data Systems P/E Ratio 2021: 14.9×

Telephone and Data Systems P/E Ratio 2020: 9.4×

Telephone and Data Systems P/E Ratio 2019: 24.2×

Telephone and Data Systems P/E Ratio 2018: 27.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Telephone and Data Systems (TDS) Key Financials

P/E Ratio daily chart for Telephone and Data Systems (TDS)

Historical P/E Ratio for Telephone and Data Systems (TDS) from 2001 to 2025

About P/E Ratio at Telephone and Data Systems (TDS)

Telephone and Data Systems P/E Ratio by Year

Telephone and Data Systems P/E Ratio 2022: 18.8×

Telephone and Data Systems P/E Ratio 2021: 14.9×

Telephone and Data Systems P/E Ratio 2020: 9.4×

Telephone and Data Systems P/E Ratio 2019: 24.2×

Telephone and Data Systems P/E Ratio 2018: 27.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Telephone and Data Systems's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Telephone and Data Systems?

+Is Telephone and Data Systems's P/E ratio high or low?

+What is Telephone and Data Systems's historical P/E ratio range?

+What was Telephone and Data Systems's P/E ratio in 2022?

+Why does Telephone and Data Systems's P/E ratio change over time?

Telephone and Data Systems (TDS) Key Financials