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German (DAX) Telecom Sector Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies48
  • 7D0.3%
  • 3M-0.6%
  • 1Y-12.4%
  • YTD-2.8%

The Telecom industry has been flat over the last week, but CTS Eventim KGaA has lost 5.8%. Unfortunately though, the industry is down 12% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026€193.7b€164.0b€10.9b18.4x17.8x1.2x
Fri, 03 Jul 2026€180.3b€163.9b€10.9b17.3x16.5x1.1x
Sun, 31 May 2026€200.3b€163.8b€10.9b24.5x18.3x1.2x
Tue, 28 Apr 2026€192.9b€164.3b€11.4b20.6x17x1.2x
Thu, 26 Mar 2026€217.9b€164.3b€11.6b21.6x18.8x1.3x
Sat, 21 Feb 2026€218.6b€164.0b€14.0b21.9x15.6x1.3x
Mon, 19 Jan 2026€194.6b€163.1b€13.7b22.5x14.2x1.2x
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
Price to Earnings Ratio

22.9x


Total Market Cap: €188.1bTotal Earnings: €8.2bTotal Revenue: €161.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.4x202420252026
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 17.9x which is lower than its 3-year average PE of 22.4x.
  • The 3-year average PS ratio of 1.4x 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 9.9% 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 Market2.24%
Telecom0.32%
Interactive Media and Services1.20%
Telecom Services and Carriers0.76%
Media0.36%
Entertainment-4.95%
Wireless Telecom-5.75%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 54.8x.
    • Analysts are expecting annual earnings growth of 29.7%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Wireless Telecom industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 6.4% 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
DTE Deutsche Telekom€27.850.9%
+€1.2b		-11.4%PE15.2x
SAX Ströer SE KGaA€40.969.1%
+€191.0m		-12.0%PE18.4x
O2D Telefónica Deutschland Holding€1.981.5%
+€89.2m		-8.2%PE35.3x
G24 Scout24€76.201.3%
+€69.3m		-36.1%PE20.4x
CAP SCP Standard Capital Partners€1.8051.3%
+€20.8m		39.5%PS2.7x

Latest News

VTWR
€38.51
Vantage Towers
7D
-0.2%
1Y
4.1%
1U1
€19.10
1&1
7D
-7.5%
1Y
3.4%
Narrative Update • Jul 30

1U1: Future Returns Will Reflect Higher Fair Value And Stable Fundamentals

Analysts now set a higher price target for 1&1 at approximately €25.28 compared with about €23.10 previously. This reflects updated fair value estimates alongside slight adjustments to revenue growth, profit margin expectations and future P/E assumptions.
DTE
€27.85
Deutsche Telekom
7D
0.9%
1Y
-11.4%
Narrative Update • Jul 27

DTE: Quantum Communication Projects Will Support Future Repricing Potential

Analysts have trimmed their fair value estimate for Deutsche Telekom slightly to €37.41 from €38.28, reflecting updated assumptions for discount rate, revenue growth, profit margins and future P/E multiples in light of mixed recent research signals, including Deutsche Bank's reduced €40 price target and Goldman Sachs removing the stock from its European Conviction List. Analyst Commentary Recent research on Deutsche Telekom points to a mixed but generally constructive stance, with most published views still framed within Buy ratings even as some targets and conviction levels are adjusted.
O2D
€1.98
Telefónica Deutschland Holding
7D
1.5%
1Y
-8.2%
FNTN
€24.20
freenet
7D
-3.6%
1Y
-15.3%
Narrative Update • Jul 24

FNTN: Balanced Outlook Will Reflect Weaker Mobile And TV Execution

Analysts have trimmed the fair value estimate for freenet to €23.0 from €26.0, reflecting recent reductions in Street price targets and a view that the risk and reward profile has become more balanced after the stock's pullback. Analyst Commentary Recent research on freenet points to a more cautious stance, with several firms trimming price targets and highlighting a more balanced risk and reward profile after the share price pullback.
EVD
€58.45
CTS Eventim KGaA
7D
-5.3%
1Y
-40.7%
Narrative Update • Jul 23

EVD: Solid Live Entertainment Outlook Will Support 2026 EBITDA Potential

CTS Eventim KGaA’s analyst fair value has been revised from €115 to €100, as analysts factor in slightly lower growth, profit margins and future P/E expectations, while still noting solid live entertainment fundamentals and some reduced ticketing exposure for top artists. Analyst Commentary Recent research on CTS Eventim KGaA shows a mix of recalibrated valuation targets and continued confidence in the company’s execution, particularly in live entertainment and ticketing.
G24
€76.20
Scout24
7D
1.3%
1Y
-36.1%
CAP
€1.80
SCP Standard Capital Partners
7D
51.3%
1Y
39.5%
SPG
€18.62
Springer Nature KGaA
7D
-0.5%
1Y
-2.5%
Narrative Update • Jul 10

SPG: Street Research Range Will Shape Future Market Expectations

Springer Nature KGaA's analyst price target has been updated from €22.00 to €20.00, while some analysts highlight a higher Street target of €26.90 and point to supporting research as a key factor in their revised views. What's in the News The analyst price target for Springer Nature KGaA has been adjusted to €20.00, with some analysts also referencing a higher Street target of €26.90 based on their research.
HLG
€0.57
Highlight Communications
7D
13.6%
1Y
-38.9%
WBAH
€20.20
Wild Bunch
7D
-9.8%
1Y
-46.3%
UTDI
€23.44
United Internet
7D
-4.4%
1Y
-7.0%
Narrative Update • Jun 24

UTDI: Higher P/E Outlook And Dividend Will Support Bullish Repricing

Analysts have nudged their fair value estimate for United Internet higher to €27.0 from €26.0, citing a slightly lower discount rate, modest adjustments to revenue growth and profit margin assumptions, and updated P/E expectations, alongside a raised Street price target of €34. What's in the News United Internet confirmed its consolidated earnings guidance for the full year 2026, with expected consolidated sales of approximately €6.25b, compared with €6.104b in 2025.
RRTL
€32.15
RTL Group
7D
-2.0%
1Y
-6.3%
Narrative Update • Jun 18

RRTL: Fair Outlook Will Balance Underweight Stance And Stable Long-Term Assumptions

Analysts have trimmed their price target on RTL Group shares to €30 from €34, citing updated views reflected in a slightly adjusted discount rate and future P/E assumptions, while leaving the fair value estimate broadly unchanged. Analyst Commentary Recent moves around RTL Group highlight a more cautious stance from some on the Street, with the latest adjustment bringing the price target to €30 while the overall fair value view remains broadly stable.
VXT
€0.16
Vidinext
7D
50.5%
1Y
-15.7%
SAX
€40.96
Ströer SE KGaA
7D
9.1%
1Y
-12.0%
KZTA
€3.10
Kazakhtelecom JSC
7D
19.2%
1Y
0%