T-Mobile US (MIC:TMUS-RM) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is T-Mobile US Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


T-Mobile US  (MIC:TMUS-RM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


T-Mobile US Cyclically Adjusted PS Ratio Related Terms


T-Mobile US Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for T-Mobile US's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

T-Mobile US Cyclically Adjusted PS Ratio Chart

T-Mobile US Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.02 2.39 2.62 3.40 2.93

T-Mobile US Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.53 3.49 2.93 2.95 0.00

MIC:TMUS-RM vs VZ, T, CMCSA: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, T-Mobile US's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


T-Mobile US Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, T-Mobile US's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where T-Mobile US's Cyclically Adjusted PS Ratio falls into.



T-Mobile US Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

T-Mobile US's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, T-Mobile US's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1621.17/333.9520*333.9520
=1,621.170

Current CPI (Jun. 2026) = 333.9520.

T-Mobile US Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 705.261 241.428 975.543
201612 736.478 241.432 1,018.706
201703 619.024 243.801 847.922
201706 697.170 244.955 950.466
201709 665.578 246.819 900.543
201712 710.349 246.524 962.269
201803 694.227 249.554 929.011
201806 779.560 251.989 1,033.123
201809 831.929 252.439 1,100.560
201812 926.906 251.233 1,232.092
201903 837.587 254.202 1,100.361
201906 804.881 256.143 1,049.381
201909 808.491 256.759 1,051.559
201912 850.807 256.974 1,105.671
202003 1,021.335 258.115 1,321.414
202006 999.972 257.797 1,295.371
202009 1,217.648 260.280 1,562.302
202012 1,209.898 260.474 1,551.202
202103 1,197.163 264.877 1,509.361
202106 1,169.645 271.696 1,437.656
202109 1,143.820 274.310 1,392.516
202112 1,223.612 278.802 1,465.655
202203 1,682.427 287.504 1,954.233
202206 989.753 296.311 1,115.483
202209 932.652 296.808 1,049.369
202212 994.696 296.797 1,119.219
202303 1,206.217 301.836 1,334.561
202306 1,303.124 305.109 1,426.313
202309 1,580.714 307.789 1,715.079
202312 1,531.765 306.746 1,667.621
202403 1,507.764 312.332 1,612.133
202406 1,524.494 314.175 1,620.459
202409 1,560.826 315.301 1,653.154
202412 2,028.933 315.605 2,146.881
202503 1,507.525 319.799 1,574.242
202506 1,447.367 322.561 1,498.480
202509 1,618.952 324.800 1,664.570
202512 1,737.212 324.054 1,790.274
202603 1,704.405 330.213 1,723.704
202606 1,621.170 333.952 1,621.170

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


T-Mobile US Business Description

Address 12920 SE 38th Street, Bellevue, WA, USA, 98006-1350
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the US. T-Mobile now serves about 86 million postpaid and 26 million prepaid phone customers, equal to around 30% of the US retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves 8 million residential and business customers with its wireless network. It also serves 1 million fiber broadband customers through joint ventures with fiber network owners. T-Mobile owns a stake in these firms, which provide wholesale access to their networks. In addition, T-Mobile provides wholesale services to wireless resellers.