Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) Telecom Sector Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies45
  • 7D-0.8%
  • 3M-7.9%
  • 1Y-6.6%
  • YTD-5.5%

Over the last 7 days, the Telecom industry has remained flat. Unfortunately though, the industry is down 6.6% 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, 17 Dec 2025€191.1b€163.1b€13.7b21.9x14x1.2x
Fri, 14 Nov 2025€194.0b€162.1b€14.5b25.4x13.4x1.2x
Sun, 12 Oct 2025€207.7b€162.2b€14.4b23.6x14.4x1.3x
Tue, 09 Sep 2025€661.9b€163.1b€14.4b23.5x45.8x4.1x
Thu, 07 Aug 2025€673.0b€163.5b€13.9b19x48.3x4.1x
Sat, 05 Jul 2025€221.9b€162.7b€13.8b22.7x16.1x1.4x
Mon, 02 Jun 2025€235.2b€162.7b€13.8b26x17x1.4x
Wed, 30 Apr 2025€220.8b€160.6b€13.1b22.4x16.9x1.4x
Fri, 28 Mar 2025€232.8b€160.9b€13.1b23.3x17.8x1.4x
Sun, 23 Feb 2025€232.0b€157.3b€7.7b29.8x30.1x1.5x
Tue, 21 Jan 2025€208.6b€157.3b€7.7b26.3x27x1.3x
Thu, 19 Dec 2024€203.1b€157.3b€7.7b24.2x26.3x1.3x
Sat, 16 Nov 2024€205.1b€158.5b€7.7b23.1x26.7x1.3x
Mon, 14 Oct 2024€200.2b€156.7b€6.7b26.9x30x1.3x
Wed, 11 Sep 2024€188.8b€157.8b€7.1b26x26.5x1.2x
Fri, 09 Aug 2024€178.2b€156.2b€6.6b21.7x27x1.1x
Sun, 07 Jul 2024€178.0b€156.1b€6.6b23.9x26.9x1.1x
Tue, 04 Jun 2024€173.2b€156.2b€6.6b25x26.2x1.1x
Thu, 02 May 2024€167.1b€155.9b€6.3b19.4x26.6x1.1x
Sat, 30 Mar 2024€171.9b€155.9b€6.3b26.5x27.3x1.1x
Mon, 26 Feb 2024€169.2b€156.6b€8.3b26x20.3x1.1x
Wed, 24 Jan 2024€216.6b€158.9b€9.1b28x23.8x1.4x
Fri, 22 Dec 2023€207.7b€159.0b€9.1b26x22.9x1.3x
Sun, 19 Nov 2023€206.2b€159.0b€9.1b25.4x22.8x1.3x
Tue, 17 Oct 2023€196.3b€160.2b€8.5b24x23.1x1.2x
Thu, 14 Sep 2023€196.2b€160.5b€8.4b22.4x23.5x1.2x
Sat, 12 Aug 2023€188.1b€161.1b€8.2b22.3x22.9x1.2x
Mon, 10 Jul 2023€192.2b€160.9b€8.6b23.3x22.4x1.2x
Wed, 07 Jun 2023€193.5b€160.7b€8.5b22.5x22.8x1.2x
Fri, 05 May 2023€171.6b€158.0b€10.0b19.4x17.2x1.1x
Sun, 02 Apr 2023€178.4b€158.2b€10.1b20.8x17.7x1.1x
Tue, 28 Feb 2023€174.9b€157.4b€10.1b19.9x17.3x1.1x
Thu, 26 Jan 2023€168.0b€157.5b€9.8b21x17.1x1.1x
Sat, 24 Dec 2022€156.4b€157.5b€9.9b18.3x15.9x1x
Price to Earnings Ratio

15.9x


Total Market Cap: €156.4bTotal Earnings: €9.9bTotal Revenue: €157.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.9x202320242025
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 14.0x 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 Market-0.067%
Telecom-0.80%
Media0.026%
Wireless Telecom-0.33%
Telecom Services and Carriers-0.66%
Interactive Media and Services-0.68%
Entertainment-5.31%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 34.6x.
    • Analysts are expecting annual earnings growth of 7.4%, 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 22.5x.
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 7.4% 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
FNTN freenet€28.863.0%
+€98.9m		3.8%PE13x
WBAH Wild Bunch€34.8011.5%
+€86.2m		3.6%PS12.1x
RRTL RTL Group€33.051.2%
+€61.9m		23.3%PE21.1x
SAX Ströer SE KGaA€36.802.9%
+€58.6m		-23.7%PE16.6x
UTDI United Internet€25.360.9%
+€38.0m		63.9%PE33.8x

Latest News

SPG
€18.10
Springer Nature KGaA
7D
-3.9%
1Y
-30.4%
G24
€85.85
Scout24
7D
-0.9%
1Y
-0.4%

Returns Are Gaining Momentum At Scout24 (ETR:G24)

Dec 17
Returns Are Gaining Momentum At Scout24 (ETR:G24)
1U1
€23.05
1&1
7D
-2.9%
1Y
98.0%

Here's Why 1&1 (ETR:1U1) Has A Meaningful Debt Burden

Dec 17
Here's Why 1&1 (ETR:1U1) Has A Meaningful Debt Burden
EVD
€76.55
CTS Eventim KGaA
7D
-5.5%
1Y
-6.4%
UTDI
€25.36
United Internet
7D
0.9%
1Y
63.9%

UTDI: Lower Ionos Multiples Will Limit Upside Despite Raised Fair Value Estimate

Analysts have modestly raised their price target for United Internet to approximately EUR 21 from around EUR 14.46, citing a slightly higher discount rate, improved profit margin assumptions and somewhat richer future valuation multiples, partially offset by more conservative revenue growth expectations and lower peer multiples, particularly at Ionos. Analyst Commentary Recent Street research signals a more cautious stance on United Internet, with several bearish analysts recalibrating their assumptions for both the core business and key subsidiary Ionos.
FNTN
€28.86
freenet
7D
3.0%
1Y
3.8%

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.
BVB
€3.24
Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
7D
-2.0%
1Y
1.7%
RRTL
€33.05
RTL Group
7D
1.2%
1Y
23.3%

RTL Group (ETR:RRTL) Takes On Some Risk With Its Use Of Debt

Dec 09
RTL Group (ETR:RRTL) Takes On Some Risk With Its Use Of Debt
WBAH
€34.80
Wild Bunch
7D
11.5%
1Y
3.6%

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
SAX
€36.80
Ströer SE KGaA
7D
2.9%
1Y
-23.7%

Is Ströer SE KGaA (ETR:SAX) A Risky Investment?

Dec 06
Is Ströer SE KGaA (ETR:SAX) A Risky Investment?
M8G
€1.75
Verve Group
7D
2.2%
1Y
-48.6%

M8G Will Benefit From Raised 2025 Revenue Guidance And Stronger Margins

Analysts slightly reduced their price target on Verve Group to $5.05 from $6.43, citing more conservative fair value assumptions, even as expectations for revenue growth and profit margins have strengthened following recent downgrades in Street research. Analyst Commentary Street research has shifted to a more neutral stance on Verve Group, reflecting a balance between improving fundamentals and execution risks that could limit near term share appreciation.
PSM
€4.74
ProSiebenSat.1 Media
7D
2.9%
1Y
-10.3%

PSM: Future Share Gains Will Stem From New Leadership And Execution

Analysts have trimmed their average price target for ProSiebenSat.1 Media, reflecting reductions from EUR 7.90 to EUR 7.60 and from EUR 7.00 to EUR 6.00 as they factor in slightly lower growth and margin expectations. Analyst Commentary Analyst reactions to the revised price targets highlight a more nuanced view of ProSiebenSat.1 Media, balancing pockets of optimism on execution and valuation against lingering concerns over growth momentum and margin resilience.
DTE
€26.74
Deutsche Telekom
7D
-0.4%
1Y
-10.3%

We Think That There Are Issues Underlying Deutsche Telekom's (ETR:DTE) Earnings

Nov 20
We Think That There Are Issues Underlying Deutsche Telekom's (ETR:DTE) Earnings
VTWR
€37.40
Vantage Towers
7D
-1.1%
1Y
-0.4%
SB1
€15.35
Smartbroker Holding
7D
6.6%
1Y
66.8%
O2D
€1.87
Telefónica Deutschland Holding
7D
-5.9%
1Y
-10.4%