--- title: T-Mobile US (TMUS) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/tmus ticker: TMUS as_of: 2026-10-18 sector: Communication Services industry: Telecommunications Services --- # T-Mobile US (TMUS) T-Mobile US (TMUS) closed at $159.10 on Oct 16, 2026, undervalued by 45% vs its model value of $288.50 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $159.10 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $288.50 | | Price vs model | undervalued by 45% vs model | | Range of that model | $135.73 – $714.67 | | Market value | $170.7B | | P/E (fiscal 2025) | 16.4 | | Net margin (fiscal 2025) | 12.4% | | Free cash flow (fiscal 2025) | $18.0B | | Dividend yield (trailing twelve months) | 2.56% | | Beta | 0.32 | | Cost of capital (WACC) | 6.19% | | Business classification | Dividend Payer (Low/slowing growth (~6% recent), Moderate margins (12% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (10.5%)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Highest free cash flow yield | #27 | 10.5% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 2.56% | | Dividends per share, last 12 months | $4.08 | | Dividends / free cash flow (fiscal 2025) | 22.9% | | Raised | 2 years in a row | | Growth over 2 years | 25.3% a year | | Latest payment | $1.02, ex-date Aug 28, 2026, paid Sep 10, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 30, 2024 | $2.60 | | To Aug 29, 2025 | $3.52 | | Trailing twelve months (to Aug 28, 2026) | $4.08 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 18, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $288.50 | $135.73 | $714.67 | | DCF · Perpetuity growth · 10y | cross check | $314.97 | $156.60 | $776.61 | | DCF · EBITDA exit · 5y | cross check | $144.86 | $38.35 | $271.90 | | DCF · EBITDA exit · 10y | cross check | $181.50 | $75.06 | $328.28 | | P/E · peers | cross check | $97.23 | $86.20 | $108.25 | | P/E · own history | cross check | $301.40 | $241.73 | $607.65 | | PEG | sanity check | $206.45 | $206.45 | $206.45 | | EV/EBITDA · peers | cross check | $112.91 | $98.39 | $127.43 | | EV/Revenue · peers | cross check | $126.42 | $118.90 | $133.93 | | Earnings power value | cross check | $44.43 | $21.84 | $81.47 | | Dividend discount | cross check | $132.14 | $84.94 | $229.20 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($137,670.8); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 24, 2026 | Drobac Daniel James | VP & Chief Accounting Officer | Grant / award | 2,768 | $0 | | Sep 10, 2026 | Nelson Mark Wolfe | Chief Legal Officer & GC | Grant / award | 102.942 | $18,338.1 | | Sep 10, 2026 | Drobac Daniel James | VP & Chief Accounting Officer | Open-market sell | 772 | $137,670.8 | | Sep 10, 2026 | Drobac Daniel James | VP & Chief Accounting Officer | Grant / award | 1.769 | $315.1 | | Sep 1, 2026 | Almeida Andre | Chief Commercial Officer | Tax withholding | 530.438 | $96,624.6 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 3, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1283699/000119312526381901/d155079d8k.htm | | Jul 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1283699/000128369926000101/tmus-20260630.htm | | Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1283699/000128369926000100/tmus-20260723.htm | | Jul 7, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1283699/000119312526297534/d170112d8k.htm | | Jun 18, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1283699/000119312526275787/d167113d8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Dodge & Cox | 2026-06-30 | 6,335,783 | $1.1B | | Bridgewater | 2026-06-30 | 172,592 | $28.9M | 2 tracked managers in all. ## About T-Mobile US, Inc., alongside its subsidiaries, offers mobile telecommunications services across the United States, Puerto Rico, and the U.S. Virgin Islands. Catering to approximately 108.7 million subscribers, the company delivers essential voice, messaging, and data connectivity to customers in postpaid, prepaid, and wholesale segments. Beyond services, T-Mobile also supplies a broad array of wireless devices, such as smartphones, wearables, tablets, and other mobile communication gadgets, along with associated accessories. These offerings are marketed under both the T-Mobile and Metro by T-Mobile brands. Direct distribution occurs through its proprietary retail stores, the T-Mobile mobile application, customer service channels, and its official online platforms. Additionally, the company provides devices to independent dealers and other distributors for resale via external retail locat… --- Source: https://sweetvaluelab.com/stocks/tmus (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.