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

German (DAX) Telecom Sector Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies47
  • 7D1.4%
  • 3M-7.3%
  • 1Y-12.9%
  • YTD-2.6%

Over the last 7 days, the Telecom industry has risen 1.4%, driven by gains from Deutsche Telekom of 1.2%. During this same period, the Telefónica Deutschland Holding underperformed, falling 5.1%. However, the industry is down 13% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026€194.9b€163.8b€11.4b21.6x17x1.2x
Fri, 10 Apr 2026€211.9b€164.3b€11.4b19.5x18.6x1.3x
Sun, 08 Mar 2026€222.1b€164.5b€11.4b22.6x19.4x1.4x
Tue, 03 Feb 2026€202.3b€164.0b€14.0b23.7x14.4x1.2x
Thu, 01 Jan 2026€197.0b€163.1b€13.7b22.6x14.4x1.2x
Sat, 29 Nov 2025€197.6b€163.1b€13.7b25.8x14.5x1.2x
Mon, 27 Oct 2025€205.3b€162.2b€14.4b25.1x14.3x1.3x
Wed, 24 Sep 2025€202.7b€162.2b€14.4b23.2x14.1x1.2x
Fri, 22 Aug 2025€673.6b€163.5b€14.6b23.5x46.2x4.1x
Sun, 20 Jul 2025€220.0b€162.7b€13.8b22.9x15.9x1.4x
Tue, 17 Jun 2025€224.1b€162.7b€13.8b25.8x16.2x1.4x
Thu, 15 May 2025€226.4b€160.7b€13.0b26.6x17.4x1.4x
Sat, 12 Apr 2025€216.5b€160.6b€13.1b20.9x16.5x1.3x
Mon, 10 Mar 2025€232.1b€158.8b€13.1b23x17.7x1.5x
Wed, 05 Feb 2025€221.1b€157.3b€7.7b27.5x28.6x1.4x
Fri, 03 Jan 2025€202.0b€157.3b€7.7b23.9x26.1x1.3x
Sun, 01 Dec 2024€212.3b€157.3b€7.7b24.8x27.5x1.4x
Tue, 29 Oct 2024€206.0b€156.7b€6.7b28x30.9x1.3x
Thu, 26 Sep 2024€191.9b€157.8b€7.1b26.5x26.9x1.2x
Sat, 24 Aug 2024€183.8b€157.7b€7.1b25.3x25.8x1.2x
Mon, 22 Jul 2024€179.9b€156.2b€6.6b23.5x27.3x1.2x
Wed, 19 Jun 2024€172.4b€156.2b€6.6b24.8x26.1x1.1x
Fri, 17 May 2024€169.3b€156.0b€6.3b24.2x26.8x1.1x
Sun, 14 Apr 2024€165.4b€155.9b€6.3b25.5x26.3x1.1x
Tue, 12 Mar 2024€168.0b€156.4b€6.5b26.1x26x1.1x
Thu, 08 Feb 2024€170.8b€156.6b€8.4b25.1x20.4x1.1x
Sat, 06 Jan 2024€211.6b€158.9b€9.1b27.7x23.3x1.3x
Mon, 04 Dec 2023€210.1b€159.0b€9.1b25.1x23.1x1.3x
Wed, 01 Nov 2023€196.1b€160.2b€8.5b24.6x23.1x1.2x
Fri, 29 Sep 2023€192.7b€160.5b€8.4b24.1x23x1.2x
Sun, 27 Aug 2023€189.3b€160.6b€8.4b22.4x22.6x1.2x
Tue, 25 Jul 2023€195.9b€160.9b€8.6b22.7x22.8x1.2x
Thu, 22 Jun 2023€191.8b€160.7b€8.5b22.8x22.6x1.2x
Sat, 20 May 2023€206.7b€160.5b€8.6b20.2x24.1x1.3x
Price to Earnings Ratio

24.1x


Total Market Cap: €206.7bTotal Earnings: €8.6bTotal Revenue: €160.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.8x202420252026
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 17.0x which is lower than its 3-year average PE of 22.8x.
  • 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 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 Market1.40%
Telecom1.41%
Interactive Media and Services2.00%
Telecom Services and Carriers1.55%
Wireless Telecom1.47%
Media0.055%
Entertainment-0.054%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 51.8x.
    • Analysts are expecting annual earnings growth of 28.4%, which is higher than its past year's earnings decline of 11.7% 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 Media industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 4.2% 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€27.621.0%
+€1.3b		-12.8%PE13.8x
UTDI United Internet€27.504.8%
+€217.8m		24.3%PE18.5x
G24 Scout24€72.903.8%
+€189.6m		-32.0%PE19.8x
SAX Ströer SE KGaA€39.607.6%
+€156.4m		-24.0%PE17.6x
EVD CTS Eventim KGaA€55.252.1%
+€110.4m		-48.9%PE19.1x

Latest News

G24
€72.90
Scout24
7D
3.8%
1Y
-32.0%
Narrative Update • May 10

G24: Higher 2026 Margins And Dividend Payout Will Support Further Rating Upgrades

Scout24's updated analyst price target has shifted from about €134 to roughly €128, as analysts factor in more moderate revenue growth, a higher discount rate, firmer profit margins and a lower assumed future P/E multiple, in line with the latest rounds of both price target cuts and a recent upgrade in Street research. Analyst Commentary Recent Street research on Scout24 has been mixed, but there are several clearly bullish signals that support the updated valuation framework.
EDL
€4.30
Edel SE KGaA
7D
-7.3%
1Y
7.0%
RRTL
€30.20
RTL Group
7D
-6.6%
1Y
-6.5%
FNTN
€27.16
freenet
7D
2.5%
1Y
-24.0%
HLG
€0.81
Highlight Communications
7D
-12.0%
1Y
-32.8%
UTDI
€27.50
United Internet
7D
4.8%
1Y
24.3%
Narrative Update • May 03

UTDI: Lower Discount Rate And Dividend Plan Will Shape Balanced Outlook

Analysts have lifted their price target on United Internet from €25.00 to €26.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News Management plans to propose a dividend of €0.50 per share for 2025 at the Annual Shareholders’ Meeting on May 21, 2026.
VRV
€1.46
Verve Group
7D
-2.6%
1Y
-60.6%
Narrative Update • Apr 30

VRV: Bullish AI Ad Targeting Expansion Will Support Future Upside Potential

Analysts now see Verve Group's fair value at €4.88 per share, compared with the previous €5.05, reflecting updated views on revenue growth, profit margins and discount rates following recent bullish Street research. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent initiation with a positive stance as support for the updated fair value of €4.88, suggesting that current assumptions on growth and profitability are still seen as achievable.
PSM
€3.83
ProSiebenSat.1 Media
7D
-4.3%
1Y
-47.3%
Narrative Update • Apr 28

PSM: Future Upside Will Rely On Delivering Against Revised Earnings Assumptions

Analysts have nudged their price target for ProSiebenSat.1 Media slightly lower, trimming fair value from €5.70 to €5.53. They cited updated assumptions for revenue growth, profit margins, discount rate and future P/E as the key drivers behind the revision.
DTE
€27.62
Deutsche Telekom
7D
1.0%
1Y
-12.8%
New Narrative • Apr 27

Deutsche Telekom (DTE): The Digital Vanguard Braces for a High-Output Verdict

Deutsche Telekom AG (DTE) , the undisputed vanguard of European telecommunications and the majority owner of the powerhouse T-Mobile US, enters the final week of April 2026 in a state of formidable operational momentum. The company is scheduled to release its Q1 2026 earnings report on Wednesday, May 13, 2026, before the market opens.
EVD
€55.25
CTS Eventim KGaA
7D
2.1%
1Y
-48.9%
Narrative Update • Apr 27

EVD: Limited AI Risk And Dividend Policy Will Support Upside

Narrative update The analyst price target for CTS Eventim KGaA has been reduced, as recent cuts of €15 and €21 from major banks contrast with more constructive views that highlight limited AI disruption risk for live event operators and support a still high future P/E assumption of about 29x in updated models. Analyst Commentary Recent research paints a mixed picture for CTS Eventim KGaA, with some analysts trimming price targets while others see support from limited AI disruption risk and a relatively high P/E assumption around 29x in updated models.
SAX
€39.60
Ströer SE KGaA
7D
7.6%
1Y
-24.0%
EXJ0
€1.60
Readcrest Capital
7D
3.9%
1Y
48.1%
SPG
€19.74
Springer Nature KGaA
7D
-2.8%
1Y
0%
O2D
€2.05
Telefónica Deutschland Holding
7D
-5.1%
1Y
-9.0%
VTWR
€38.40
Vantage Towers
7D
0.5%
1Y
2.7%
Analysis Article • Jan 21

A Look At The Fair Value Of Vantage Towers AG (HMSE:VTWR)

Key Insights The projected fair value for Vantage Towers is €43.26 based on Dividend Discount Model With €38.20 share...
TC1
€0.78
Tele Columbus
7D
-1.9%
1Y
77.3%
Analysis Article • Nov 28

Tele Columbus AG (HMSE:TC1) Looks Just Right With A 50% Price Jump

Tele Columbus AG ( HMSE:TC1 ) shareholders have had their patience rewarded with a 50% share price jump in the last...