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German (DAX) Telecom Sector Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies45
  • 7D9.0%
  • 3M-4.7%
  • 1Y15.8%
  • YTD-12.4%

Over the last 7 days, the Telecom industry has risen 9.1%, driven by gains from Deutsche Telekom of 1.2%. During this same period, the CTS Eventim KGaA underperformed, falling 17%. This takes the industry's 12 month performance to a gain of 16%. As for the next few years, earnings are expected to grow by 5.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Aug 2025€671.5b€163.5b€14.6b24.1x46.1x4.1x
Fri, 25 Jul 2025€228.0b€162.7b€13.8b21.7x16.5x1.4x
Sun, 22 Jun 2025€219.8b€162.7b€13.8b25.5x15.9x1.4x
Tue, 20 May 2025€237.4b€162.6b€13.9b29x17.1x1.5x
Thu, 17 Apr 2025€225.5b€160.6b€13.1b21.4x17.2x1.4x
Sat, 15 Mar 2025€230.1b€158.8b€13.1b22x17.6x1.4x
Mon, 10 Feb 2025€223.1b€157.3b€7.7b29.8x28.9x1.4x
Wed, 08 Jan 2025€201.0b€157.3b€7.7b23.7x26x1.3x
Fri, 06 Dec 2024€214.8b€157.3b€7.7b25x27.8x1.4x
Sun, 03 Nov 2024€204.8b€156.7b€6.7b27.8x30.7x1.3x
Tue, 01 Oct 2024€191.5b€157.8b€7.1b26.5x26.8x1.2x
Thu, 29 Aug 2024€186.1b€157.7b€7.1b25.6x26.1x1.2x
Sat, 27 Jul 2024€179.8b€156.2b€6.6b23.6x27.2x1.2x
Mon, 24 Jun 2024€172.3b€156.2b€6.6b23.4x26.1x1.1x
Wed, 22 May 2024€170.6b€156.1b€6.6b24.2x25.8x1.1x
Fri, 19 Apr 2024€164.3b€155.9b€6.3b25.4x26.1x1.1x
Sun, 17 Mar 2024€167.9b€155.7b€6.3b26.5x26.6x1.1x
Tue, 13 Feb 2024€170.3b€156.6b€8.4b25.1x20.3x1.1x
Thu, 11 Jan 2024€212.3b€158.9b€9.1b27.8x23.4x1.3x
Sat, 09 Dec 2023€211.7b€159.0b€9.1b25x23.3x1.3x
Mon, 06 Nov 2023€201.7b€160.2b€8.5b25.4x23.7x1.3x
Wed, 04 Oct 2023€193.5b€160.5b€8.4b23.4x23.1x1.2x
Fri, 01 Sep 2023€192.9b€160.6b€8.4b22.9x23x1.2x
Sun, 30 Jul 2023€195.9b€160.9b€8.6b22.7x22.8x1.2x
Tue, 27 Jun 2023€194.0b€160.5b€8.5b22.9x22.7x1.2x
Thu, 25 May 2023€205.3b€160.6b€8.6b24.8x24x1.3x
Sat, 22 Apr 2023€179.7b€158.2b€10.0b19.8x17.9x1.1x
Mon, 20 Mar 2023€173.6b€157.9b€10.1b19.2x17.2x1.1x
Wed, 15 Feb 2023€170.6b€157.5b€9.8b21.2x17.3x1.1x
Fri, 13 Jan 2023€167.4b€157.5b€9.8b19.8x17x1.1x
Sun, 11 Dec 2022€160.3b€157.4b€9.8b18.9x16.3x1x
Tue, 08 Nov 2022€157.6b€154.3b€9.6b15.9x16.3x1x
Thu, 06 Oct 2022€147.0b€154.3b€9.7b16x15.2x1x
Sat, 03 Sep 2022€148.2b€154.3b€9.7b18.1x15.3x1x
Price to Earnings Ratio

15.3x


Total Market Cap: €148.2bTotal Earnings: €9.7bTotal Revenue: €154.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.6x202320242025
Current Industry PE
  • Investors are optimistic on the German Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 45.9x which is higher than its 3-year average PE of 22.5x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 15% 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 Market1.09%
Telecom9.03%
Telecom Services and Carriers9.87%
Wireless Telecom4.56%
Interactive Media and Services1.50%
Media0.29%
Entertainment-16.99%
Industry PE
  • Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio of 36.8x.
    • Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings decline of 21.1% 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 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 21% 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 2.6% 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€31.601.1%
+€1.7b
24.8%PE12.2x
1U1 1&1€20.658.8%
+€294.4m
46.0%PE24.1x
UTDI United Internet€26.586.3%
+€273.1m
38.3%PE37.1x
G24 Scout24€115.001.6%
+€129.7m
69.1%PE46.8x
SPG Springer Nature KGaA€22.501.4%
+€59.7m
n/aPE27.3x

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