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German (DAX) Telecom Sector Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies46
  • 7D-0.3%
  • 3M-4.7%
  • 1Y-2.1%
  • YTD-0.7%

Over the last 7 days, the Telecom industry has remained flat, although notably United Internet gained 5.3%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 9.0% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026€196.9b€163.1b€13.7b22.5x14.4x1.2x
Fri, 05 Dec 2025€195.0b€163.1b€13.7b24.1x14.3x1.2x
Sun, 02 Nov 2025€193.4b€162.3b€14.4b25x13.4x1.2x
Tue, 30 Sep 2025€204.2b€162.2b€14.4b23.5x14.2x1.3x
Thu, 28 Aug 2025€677.2b€163.5b€14.6b24.3x46.5x4.1x
Sat, 26 Jul 2025€225.8b€162.7b€13.8b21.3x16.3x1.4x
Mon, 23 Jun 2025€219.8b€162.7b€13.8b25.5x15.9x1.4x
Wed, 21 May 2025€239.1b€162.6b€13.9b29.2x17.3x1.5x
Fri, 18 Apr 2025€223.7b€160.6b€13.1b21.6x17.1x1.4x
Sun, 16 Mar 2025€230.0b€158.7b€13.1b22.1x17.6x1.4x
Tue, 11 Feb 2025€225.8b€157.3b€7.7b29.9x29.2x1.4x
Thu, 09 Jan 2025€201.4b€157.3b€7.7b23.8x26x1.3x
Sat, 07 Dec 2024€215.0b€157.3b€7.7b25.1x27.8x1.4x
Mon, 04 Nov 2024€204.8b€156.7b€6.7b27.8x30.7x1.3x
Wed, 02 Oct 2024€192.2b€156.7b€6.7b26.3x28.8x1.2x
Fri, 30 Aug 2024€186.8b€157.7b€7.1b25.7x26.2x1.2x
Sun, 28 Jul 2024€179.8b€156.2b€6.6b23.6x27.2x1.2x
Tue, 25 Jun 2024€173.9b€156.2b€6.6b23.3x26.4x1.1x
Thu, 23 May 2024€170.3b€156.1b€6.6b24x25.7x1.1x
Sat, 20 Apr 2024€164.3b€155.9b€6.3b25.4x26.1x1.1x
Mon, 18 Mar 2024€167.9b€155.7b€6.3b26.5x26.6x1.1x
Wed, 14 Feb 2024€169.2b€156.6b€8.3b24.9x20.3x1.1x
Fri, 12 Jan 2024€211.2b€158.9b€9.1b27.6x23.2x1.3x
Sun, 10 Dec 2023€211.6b€159.0b€9.1b25x23.3x1.3x
Tue, 07 Nov 2023€201.6b€160.2b€8.5b25.4x23.7x1.3x
Thu, 05 Oct 2023€193.5b€160.5b€8.4b23.7x23.1x1.2x
Sat, 02 Sep 2023€192.8b€160.1b€8.4b22.8x23.1x1.2x
Mon, 31 Jul 2023€195.9b€160.9b€8.6b22.7x22.8x1.2x
Wed, 28 Jun 2023€194.0b€160.5b€8.5b22.8x22.7x1.2x
Fri, 26 May 2023€205.3b€160.6b€8.6b24.8x24x1.3x
Sun, 23 Apr 2023€179.5b€158.2b€10.0b19.8x17.9x1.1x
Tue, 21 Mar 2023€175.6b€157.9b€10.1b19.6x17.4x1.1x
Thu, 16 Feb 2023€170.5b€157.5b€9.8b21.5x17.3x1.1x
Sat, 14 Jan 2023€167.9b€157.5b€9.8b19.8x17x1.1x
Price to Earnings Ratio

17x


Total Market Cap: €167.9bTotal Earnings: €9.8bTotal Revenue: €157.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.9x202420252026
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 14.4x which is lower than its 3-year average PE of 22.9x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.2x.
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 Market1.54%
Telecom-0.27%
Wireless Telecom3.44%
Media0.50%
Entertainment0.46%
Interactive Media and Services0.42%
Telecom Services and Carriers-0.58%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 35.2x.
    • Analysts are expecting annual earnings growth of 6.7%, 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 15% 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 6.7% 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
UTDI United Internet€29.205.5%
+€262.7m		94.3%PE38.9x
1U1 1&1€26.205.9%
+€255.6m		120.9%PE36.3x
VTWR Vantage Towers€37.400.5%
+€101.2m		-0.3%n/a
RRTL RTL Group€35.051.7%
+€92.8m		28.9%PE22.4x
SAX Ströer SE KGaA€37.802.2%
+€44.7m		-17.1%PE17.1x

Latest News

G24
€83.05
Scout24
7D
-3.2%
1Y
-5.2%
DTE
€27.35
Deutsche Telekom
7D
-1.1%
1Y
-6.0%
M8G
€1.81
Verve Group
7D
3.3%
1Y
-39.4%

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
€35.05
RTL Group
7D
1.7%
1Y
28.9%

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
€37.80
Ströer SE KGaA
7D
2.2%
1Y
-17.1%

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
EVD
€78.25
CTS Eventim KGaA
7D
-0.3%
1Y
-9.5%

EVD: New CFO Appointment Will Drive Future Digitalisation And Earnings Power

Analysts have marginally raised their price target on CTS Eventim KGaA to €105.00, citing a slightly lower discount rate along with stable expectations for revenue growth, profit margins, and future valuation multiples that together support a steady fair value outlook. What's in the News CTS Eventim KGaA has appointed William Willms, former CFO of Lufthansa Technik AG, as its new Chief Financial Officer effective 1 January 2026, succeeding Holger Hohrein at year end (company announcement).
SPG
€18.22
Springer Nature KGaA
7D
-4.7%
1Y
-29.9%
1U1
€26.20
1&1
7D
5.9%
1Y
120.9%
PSM
€4.81
ProSiebenSat.1 Media
7D
-1.1%
1Y
-2.9%

PSM: Future Upside Will Stem From New Leadership Driving Margin Recovery

Analysts have modestly reduced their average price target for ProSiebenSat.1 Media. This reflects slightly softer margin and growth expectations alongside a higher assumed cost of capital, even as they maintain a generally constructive stance on the shares.
UTDI
€29.20
United Internet
7D
5.5%
1Y
94.3%
FNTN
€29.58
freenet
7D
0.8%
1Y
7.4%

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
€26.00
Wild Bunch
7D
-16.7%
1Y
-16.7%

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
LOU
€3.30
DEAG Deutsche Entertainment
7D
-6.8%
1Y
-17.9%
TC1
€0.78
Tele Columbus
7D
4.7%
1Y
151.6%

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
€37.40
Vantage Towers
7D
0.5%
1Y
-0.3%
O2D
€2.02
Telefónica Deutschland Holding
7D
-0.9%
1Y
-3.9%