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German (DAX) Telecom Sector Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies44
  • 7D-3.2%
  • 3M-2.7%
  • 1Y9.3%
  • YTD3.2%

Over the last 7 days, the Telecom industry has dropped 3.2%, driven by a pullback from Deutsche Telekom of 4.0%. In the past year, the industry has gained 9.3%. Looking forward, earnings are forecast to grow by 7.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025€208.8b€162.2b€14.4b24.2x14.5x1.3x
Fri, 15 Aug 2025€673.1b€163.5b€14.6b22.7x46.1x4.1x
Sun, 13 Jul 2025€220.9b€162.7b€13.8b25x16x1.4x
Tue, 10 Jun 2025€236.6b€162.7b€13.8b26x17.1x1.5x
Thu, 08 May 2025€226.7b€160.6b€13.1b24.5x17.4x1.4x
Sat, 05 Apr 2025€224.9b€160.7b€13.1b21.1x17.2x1.4x
Mon, 03 Mar 2025€233.9b€158.9b€12.9b25.1x18.1x1.5x
Wed, 29 Jan 2025€207.1b€157.3b€7.7b27.9x26.8x1.3x
Fri, 27 Dec 2024€199.6b€157.3b€7.7b23.6x25.8x1.3x
Sun, 24 Nov 2024€208.4b€157.7b€7.6b22.7x27.6x1.3x
Tue, 22 Oct 2024€204.5b€156.7b€6.7b27.7x30.7x1.3x
Thu, 19 Sep 2024€190.9b€157.8b€7.1b26.2x26.7x1.2x
Sat, 17 Aug 2024€182.6b€157.6b€7.1b24.3x25.7x1.2x
Mon, 15 Jul 2024€178.3b€156.1b€6.6b23.5x27x1.1x
Wed, 12 Jun 2024€172.2b€156.2b€6.6b24.7x26.1x1.1x
Fri, 10 May 2024€169.3b€156.0b€6.2b24.5x27.2x1.1x
Sun, 07 Apr 2024€169.9b€155.9b€6.3b26.1x27x1.1x
Tue, 05 Mar 2024€169.0b€156.4b€6.5b26.2x25.8x1.1x
Thu, 01 Feb 2024€214.4b€158.9b€9.1b27.7x23.6x1.3x
Sat, 30 Dec 2023€208.4b€159.0b€9.1b27.7x22.9x1.3x
Mon, 27 Nov 2023€208.1b€159.0b€9.1b25.4x23x1.3x
Wed, 25 Oct 2023€194.6b€160.2b€8.5b23.7x22.9x1.2x
Fri, 22 Sep 2023€197.6b€160.5b€8.4b22.2x23.6x1.2x
Sun, 20 Aug 2023€188.6b€160.5b€8.4b23x22.4x1.2x
Tue, 18 Jul 2023€194.8b€160.9b€8.6b25.2x22.7x1.2x
Thu, 15 Jun 2023€192.0b€160.7b€8.5b23.1x22.7x1.2x
Sat, 13 May 2023€173.3b€158.0b€10.0b18.7x17.3x1.1x
Mon, 10 Apr 2023€179.8b€158.2b€10.1b20.6x17.9x1.1x
Wed, 08 Mar 2023€175.5b€157.6b€10.1b19.9x17.4x1.1x
Fri, 03 Feb 2023€172.0b€157.5b€9.8b20.5x17.5x1.1x
Sun, 01 Jan 2023€155.6b€157.5b€9.8b19.5x15.8x1x
Tue, 29 Nov 2022€162.5b€157.4b€9.8b18.8x16.5x1x
Thu, 27 Oct 2022€150.1b€154.3b€9.7b16.1x15.5x1x
Sat, 24 Sep 2022€141.0b€154.3b€9.7b16.2x14.6x0.9x
Price to Earnings Ratio

14.6x


Total Market Cap: €141.0bTotal Earnings: €9.7bTotal Revenue: €154.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 23x202320242025
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 23.0x.
  • 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 14% 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-1.54%
Telecom-3.24%
Wireless Telecom-0.41%
Interactive Media and Services-2.10%
Entertainment-2.96%
Media-3.08%
Telecom Services and Carriers-3.44%
Industry PE
  • Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio of 36.9x.
    • Analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings decline of 21.1% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, which is trading below its 3-year average of 22.7x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 0.9% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 4.4% 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
UTDI United Internet€27.321.0%
+€44.9m
43.0%PE38.2x
1U1 1&1€20.701.0%
+€35.3m
55.2%PE24.2x
M8G Verve Group€2.138.1%
+€32.0m
-38.3%PE18.9x
RRTL RTL Group€36.750.5%
+€30.9m
20.9%PE23.5x
O2D Telefónica Deutschland Holding€2.010.4%
+€23.8m
-6.9%PE17.8x

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