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German (DAX) Telecom Sector Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies46
  • 7D1.2%
  • 3M-3.6%
  • 1Y-2.0%
  • YTD0%

In the last week, the Telecom industry is up 1.2%, with Deutsche Telekom up 1.2%. In the same time, Wild Bunch was down 14%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 8.3% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Jan 2026€197.9b€163.1b€13.7b23.1x14.5x1.2x
Wed, 03 Dec 2025€195.5b€163.1b€13.7b24.8x14.3x1.2x
Fri, 31 Oct 2025€197.3b€162.2b€14.4b25.5x13.7x1.2x
Sun, 28 Sep 2025€203.6b€162.2b€14.4b23.4x14.2x1.3x
Tue, 26 Aug 2025€669.6b€163.5b€14.6b23.3x45.9x4.1x
Thu, 24 Jul 2025€220.4b€162.7b€13.8b22x16x1.4x
Sat, 21 Jun 2025€219.8b€162.7b€13.8b25.5x15.9x1.4x
Mon, 19 May 2025€235.0b€162.6b€13.9b29.7x17x1.4x
Wed, 16 Apr 2025€223.3b€160.6b€13.1b21.4x17.1x1.4x
Fri, 14 Mar 2025€230.3b€158.8b€13.1b22x17.6x1.5x
Sun, 09 Feb 2025€223.1b€157.3b€7.7b29.8x28.9x1.4x
Tue, 07 Jan 2025€200.0b€157.3b€7.7b23.6x25.9x1.3x
Thu, 05 Dec 2024€213.6b€157.3b€7.7b24.8x27.6x1.4x
Sat, 02 Nov 2024€204.5b€156.7b€6.7b27.8x30.7x1.3x
Mon, 30 Sep 2024€190.9b€157.8b€7.1b26.4x26.7x1.2x
Wed, 28 Aug 2024€184.9b€157.7b€7.1b25.7x25.9x1.2x
Fri, 26 Jul 2024€179.4b€156.2b€6.6b23.6x27.2x1.1x
Sun, 23 Jun 2024€172.3b€156.2b€6.6b23.4x26.1x1.1x
Tue, 21 May 2024€171.1b€156.1b€6.6b24.2x25.9x1.1x
Thu, 18 Apr 2024€163.9b€155.9b€6.3b25.3x26.1x1.1x
Sat, 16 Mar 2024€168.2b€155.7b€6.3b26.5x26.7x1.1x
Mon, 12 Feb 2024€169.9b€156.6b€8.4b24.7x20.3x1.1x
Wed, 10 Jan 2024€212.7b€158.9b€9.1b27.9x23.4x1.3x
Fri, 08 Dec 2023€211.7b€159.0b€9.1b25.3x23.3x1.3x
Sun, 05 Nov 2023€201.7b€160.2b€8.5b25.4x23.7x1.3x
Tue, 03 Oct 2023€193.5b€160.5b€8.4b23.6x23.1x1.2x
Thu, 31 Aug 2023€191.9b€160.6b€8.4b23.1x22.9x1.2x
Sat, 29 Jul 2023€196.3b€160.9b€8.6b22.7x22.9x1.2x
Mon, 26 Jun 2023€193.3b€160.5b€8.5b23x22.6x1.2x
Wed, 24 May 2023€206.7b€160.6b€8.6b24.8x24.1x1.3x
Fri, 21 Apr 2023€180.0b€158.3b€10.1b20.7x17.9x1.1x
Sun, 19 Mar 2023€173.6b€157.9b€10.1b19.2x17.2x1.1x
Tue, 14 Feb 2023€169.4b€157.5b€9.8b21.2x17.2x1.1x
Thu, 12 Jan 2023€165.9b€157.5b€9.8b19.9x16.9x1.1x
Price to Earnings Ratio

16.9x


Total Market Cap: €165.9bTotal 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 14.5x which is lower than its 3-year average PE of 22.9x.
  • 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 Market0.99%
Telecom1.17%
Media2.95%
Wireless Telecom2.06%
Telecom Services and Carriers1.16%
Entertainment-0.16%
Interactive Media and Services-1.74%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 35.1x.
    • Analysts are expecting annual earnings growth of 6.8%, 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 6.8% 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€27.821.2%
+€1.6b
-5.1%PE11x
UTDI United Internet€28.224.5%
+€210.9m
87.3%PE37.6x
SPG Springer Nature KGaA€19.804.9%
+€183.0m
-24.6%PE23.9x
RRTL RTL Group€34.802.8%
+€147.0m
29.1%PE22.3x
1U1 1&1€24.902.7%
+€114.6m
111.0%PE34.5x

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