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German (DAX) Telecom Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies46
  • 7D3.3%
  • 3M-1.5%
  • 1Y-0.8%
  • YTD2.8%

Over the last 7 days, the Telecom industry has risen 1.7%, driven by gains from Deutsche Telekom of 3.4%. Meanwhile, Springer Nature KGaA actually underperformed within the industry, shrinking 7.6% in the last week. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

Has the German Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026€203.5b€163.1b€13.7b22.8x14.9x1.2x
Thu, 11 Dec 2025€192.4b€163.1b€13.7b22.6x14.1x1.2x
Sat, 08 Nov 2025€192.2b€162.3b€14.4b25.2x13.3x1.2x
Mon, 06 Oct 2025€205.8b€162.2b€14.4b23.8x14.3x1.3x
Wed, 03 Sep 2025€668.8b€163.1b€14.6b23.9x45.9x4.1x
Fri, 01 Aug 2025€665.2b€163.6b€14.0b19.5x47.5x4.1x
Sun, 29 Jun 2025€224.0b€162.7b€13.8b25.8x16.2x1.4x
Tue, 27 May 2025€239.6b€162.7b€13.8b26.4x17.3x1.5x
Thu, 24 Apr 2025€230.3b€160.5b€13.1b22.1x17.6x1.4x
Sat, 22 Mar 2025€234.4b€160.8b€13.1b23.2x17.9x1.5x
Mon, 17 Feb 2025€226.7b€157.3b€7.7b29.9x29.4x1.4x
Wed, 15 Jan 2025€207.8b€157.3b€7.7b25.7x26.9x1.3x
Fri, 13 Dec 2024€206.0b€157.3b€7.7b24.5x26.7x1.3x
Sun, 10 Nov 2024€205.4b€156.8b€6.7b25.6x30.8x1.3x
Tue, 08 Oct 2024€196.7b€156.7b€6.7b26.2x29.5x1.3x
Thu, 05 Sep 2024€188.9b€157.8b€7.1b26x26.5x1.2x
Sat, 03 Aug 2024€178.1b€156.2b€6.6b22x27x1.1x
Mon, 01 Jul 2024€175.6b€156.1b€6.6b23.9x26.6x1.1x
Wed, 29 May 2024€168.0b€156.2b€6.6b24.8x25.3x1.1x
Fri, 26 Apr 2024€168.3b€155.9b€6.3b26.2x26.8x1.1x
Sun, 24 Mar 2024€167.3b€155.8b€6.3b26.1x26.7x1.1x
Tue, 20 Feb 2024€169.8b€156.6b€8.3b25.6x20.4x1.1x
Thu, 18 Jan 2024€212.9b€158.9b€9.1b27.3x23.4x1.3x
Sat, 16 Dec 2023€206.4b€159.0b€9.1b25.8x22.7x1.3x
Mon, 13 Nov 2023€204.9b€160.4b€8.5b27x24.2x1.3x
Wed, 11 Oct 2023€196.9b€160.2b€8.5b24.6x23.2x1.2x
Fri, 08 Sep 2023€193.9b€160.5b€8.4b22.5x23.2x1.2x
Sun, 06 Aug 2023€188.5b€161.2b€8.4b21.9x22.5x1.2x
Tue, 04 Jul 2023€195.6b€160.4b€8.5b25.4x22.9x1.2x
Thu, 01 Jun 2023€199.7b€160.7b€8.5b23.1x23.6x1.2x
Sat, 29 Apr 2023€176.1b€158.2b€10.0b19.9x17.5x1.1x
Mon, 27 Mar 2023€174.4b€158.2b€10.1b20.3x17.2x1.1x
Wed, 22 Feb 2023€173.5b€157.5b€9.8b21.4x17.6x1.1x
Fri, 20 Jan 2023€166.8b€157.5b€9.8b20.3x16.9x1.1x
Price to Earnings Ratio

16.9x


Total Market Cap: €166.8bTotal Earnings: €9.8bTotal Revenue: €157.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.8x202420252026
Current Industry PE
  • Investors are pessimistic on the German Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 22.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 12% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the German Telecom sector?

DE Market2.05%
Telecom3.33%
Telecom Services and Carriers4.06%
Interactive Media and Services0.38%
Media0.30%
Wireless Telecom-0.14%
Entertainment-0.41%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 35.4x.
    • Analysts are expecting annual earnings growth of 6.2%, which is higher than its past year's earnings decline of 12.0% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, which is trading below its 3-year average of 22.4x.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Media industry is expected to see its earnings grow by 6.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DTE Deutsche Telekom€28.694.4%
+€5.8b		-3.9%PE11.3x
VTWR Vantage Towers€38.002.2%
+€404.6m		0.3%n/a
RRTL RTL Group€36.855.6%
+€301.7m		32.1%PE23.6x
UTDI United Internet€29.904.0%
+€200.5m		103.3%PE39.8x
O2D Telefónica Deutschland Holding€2.062.5%
+€148.7m		-1.8%PE18.3x

Latest News

UTDI
€29.90
United Internet
7D
4.0%
1Y
103.3%

United Internet (ETR:UTDI) Could Be Struggling To Allocate Capital

Jan 13
United Internet (ETR:UTDI) Could Be Struggling To Allocate Capital
BST
€7.94
Bastei Lübbe
7D
-2.0%
1Y
-17.7%
1U1
€26.05
1&1
7D
-0.2%
1Y
129.7%

1&1 (ETR:1U1) Will Want To Turn Around Its Return Trends

Jan 12
1&1 (ETR:1U1) Will Want To Turn Around Its Return Trends
EVD
€79.55
CTS Eventim KGaA
7D
-0.7%
1Y
-8.1%

EVD: Incoming CFO Will Drive Digitalisation And Support Future Earnings Power

Analysts have nudged their fair value estimate for CTS Eventim KGaA slightly lower from €105.00 to about €104.92, citing refreshed assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News CTS Eventim AG & Co. KGaA has appointed William Willms as its new Chief Financial Officer, effective 1 January 2026.
G24
€86.50
Scout24
7D
0.5%
1Y
-0.8%

G24: Buybacks And Execution Into 2026 Will Drive Shares Higher

Analysts have nudged their price targets for Scout24, with recent updates clustering in a €103 to €143.60 range. They point to supportive long term assumptions on margins, a slightly lower future P/E of about 33.9x, and a steady fair value at €143.60.
DTE
€28.69
Deutsche Telekom
7D
4.4%
1Y
-3.9%
M8G
€1.90
Verve Group
7D
4.5%
1Y
-29.4%

M8G: Raised 2025 Guidance And Strong 2026 Outlook Will Support Upside

Analysts cut their fair value estimate for Verve Group from US$3.88 to US$2.25, citing updated assumptions on revenue growth, profit margins, and a lower future P/E that aligns with a recent downgrade to Perform by the Street. Analyst Commentary Bearish analysts have turned more cautious on Verve Group, and the recent downgrade to Perform reinforces a more muted stance on the stock.
RRTL
€36.85
RTL Group
7D
5.6%
1Y
32.1%

RRTL: Leadership Handover And Stable Fundamentals Will Shape Balanced Risk Outlook

Analysts have trimmed their price target on RTL Group to €35 from €36, reflecting modest adjustments to assumptions such as the discount rate, long-term revenue trends, profit margins and future P/E expectations. Analyst Commentary Recent research keeps a Hold stance on RTL Group while trimming the price target to €35, which signals a more measured view on both upside potential and execution risks.
SAX
€37.15
Ströer SE KGaA
7D
-2.4%
1Y
-33.7%

Ströer SE KGaA (ETR:SAX) Is Looking To Continue Growing Its Returns On Capital

Jan 03
Ströer SE KGaA (ETR:SAX) Is Looking To Continue Growing Its Returns On Capital
SPG
€18.22
Springer Nature KGaA
7D
-8.9%
1Y
-25.1%
FNTN
€29.48
freenet
7D
-0.07%
1Y
4.5%

FNTN: Future Share Performance Will Benefit From Stable Cash Generation

Analysts have trimmed their price target on freenet slightly, to EUR 38 from EUR 39, reflecting modestly higher revenue growth expectations but slightly lower profit margin forecasts and a small downward revision in estimated fair value. Analyst Commentary Analysts see the slight reduction in the price target as a fine tuning of their valuation model rather than a fundamental shift in their view of freenet's long term prospects, balancing improved top line expectations with more cautious assumptions on profitability.
WBAH
€26.40
Wild Bunch
7D
-15.4%
1Y
-17.5%

Wild Bunch AG's (FRA:WBAH) Business Is Trailing The Industry But Its Shares Aren't

Dec 09
Wild Bunch AG's (FRA:WBAH) Business Is Trailing The Industry But Its Shares Aren't
TC1
€0.93
Tele Columbus
7D
29.2%
1Y
138.5%

Tele Columbus AG (HMSE:TC1) Looks Just Right With A 50% Price Jump

Nov 28
Tele Columbus AG (HMSE:TC1) Looks Just Right With A 50% Price Jump
VTWR
€38.00
Vantage Towers
7D
2.2%
1Y
0.3%
SB1
€14.20
Smartbroker Holding
7D
-1.4%
1Y
57.1%
O2D
€2.06
Telefónica Deutschland Holding
7D
2.5%
1Y
-1.8%