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German (DAX) Telecom Sector Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies45
  • 7D-2.1%
  • 3M-9.1%
  • 1Y-6.3%
  • YTD-5.1%

Over the last 7 days, the Telecom industry has dropped 2.1%, driven by Deutsche Telekom declining 2.8%. However, the industry is down 6.3% over the past year. Earnings are forecast to grow by 9.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025€191.9b€163.1b€13.7b22.4x14x1.2x
Tue, 11 Nov 2025€191.7b€162.3b€14.4b25x13.3x1.2x
Thu, 09 Oct 2025€206.5b€162.2b€14.4b23.3x14.4x1.3x
Sat, 06 Sep 2025€667.2b€163.1b€14.4b24x46.2x4.1x
Mon, 04 Aug 2025€664.8b€163.5b€13.9b19.6x47.7x4.1x
Wed, 02 Jul 2025€223.2b€162.7b€13.8b23.1x16.2x1.4x
Fri, 30 May 2025€234.2b€162.7b€13.8b26x17x1.4x
Sun, 27 Apr 2025€222.1b€160.6b€13.1b21.9x17x1.4x
Tue, 25 Mar 2025€232.1b€160.7b€13.1b22.6x17.7x1.4x
Thu, 20 Feb 2025€231.8b€157.3b€7.7b29.8x30.1x1.5x
Sat, 18 Jan 2025€208.8b€157.3b€7.7b26.4x27x1.3x
Mon, 16 Dec 2024€205.2b€157.3b€7.7b24.4x26.6x1.3x
Wed, 13 Nov 2024€203.0b€156.8b€6.7b25.2x30.4x1.3x
Fri, 11 Oct 2024€200.5b€156.7b€6.7b27x30.1x1.3x
Sun, 08 Sep 2024€188.2b€157.8b€7.1b25.9x26.4x1.2x
Tue, 06 Aug 2024€175.0b€156.2b€6.6b21.7x26.5x1.1x
Thu, 04 Jul 2024€176.9b€156.1b€6.6b23.8x26.8x1.1x
Sat, 01 Jun 2024€171.1b€156.2b€6.6b24.9x25.9x1.1x
Mon, 29 Apr 2024€168.7b€155.9b€6.3b22.3x26.8x1.1x
Wed, 27 Mar 2024€169.8b€155.9b€6.3b27x27.1x1.1x
Fri, 23 Feb 2024€170.3b€156.6b€8.3b26x20.5x1.1x
Sun, 21 Jan 2024€215.0b€158.9b€9.1b26.7x23.7x1.4x
Tue, 19 Dec 2023€206.4b€159.0b€9.1b26x22.7x1.3x
Thu, 16 Nov 2023€205.2b€159.0b€8.9b27.9x23x1.3x
Sat, 14 Oct 2023€196.3b€160.2b€8.5b24.1x23.1x1.2x
Mon, 11 Sep 2023€194.7b€160.5b€8.4b23x23.3x1.2x
Wed, 09 Aug 2023€187.2b€161.2b€8.4b21.1x22.3x1.2x
Fri, 07 Jul 2023€193.0b€160.9b€8.6b23.2x22.5x1.2x
Sun, 04 Jun 2023€193.0b€160.7b€8.5b22.7x22.8x1.2x
Tue, 02 May 2023€176.0b€158.0b€10.0b19.9x17.6x1.1x
Thu, 30 Mar 2023€176.2b€158.2b€10.1b20.6x17.5x1.1x
Sat, 25 Feb 2023€173.1b€157.5b€9.8b20.4x17.6x1.1x
Mon, 23 Jan 2023€167.5b€157.5b€9.8b20.3x17x1.1x
Wed, 21 Dec 2022€155.9b€157.5b€9.8b18.8x15.9x1x
Price to Earnings Ratio

15.9x


Total Market Cap: €155.9bTotal Earnings: €9.8bTotal Revenue: €157.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.9x202320242025
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 14.0x which is lower than its 3-year average PE of 22.9x.
  • The 3-year average PS ratio of 1.3x 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 Market0.69%
Telecom-2.14%
Wireless Telecom-1.12%
Interactive Media and Services-1.16%
Telecom Services and Carriers-2.06%
Media-2.33%
Entertainment-5.21%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 34.5x.
    • Analysts are expecting annual earnings growth of 7.5%, 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 7.5% 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
VTWR Vantage Towers€38.202.7%
+€505.8m		1.7%n/a
FNTN freenet€28.381.7%
+€56.5m		-0.2%PE12.8x
WBAH Wild Bunch€34.802.4%
+€19.2m		16.0%PS12.1x
TC1 Tele Columbus€0.772.7%
+€11.7m		120.0%PS1x
BST Bastei Lübbe€8.646.9%
+€7.4m		-15.3%PE12.1x

Latest News

G24
€86.70
Scout24
7D
-1.2%
1Y
-0.3%

G24: Revenue Momentum And Index Inclusion Will Drive Shares Higher

Scout24's analyst price target has inched up to EUR 143.60 from EUR 142, as analysts point to stronger revenue growth expectations, offset only partly by slightly lower margin forecasts and a higher assumed discount rate. Analyst Commentary Recent research updates underline a broadly constructive stance on Scout24, with several bullish analysts lifting their valuation frameworks in response to improving fundamentals and execution confidence.
EVD
€77.35
CTS Eventim KGaA
7D
-5.4%
1Y
-6.5%

EVD: New CFO Appointment Will Support Future Digitalisation And Earnings Power

Analysts have raised their price target for CTS Eventim KGaA slightly to approximately €105. This reflects marginally higher long term revenue growth expectations and a modestly richer forward earnings multiple, despite a small compression in projected profit margins and a slightly higher discount rate.
RRTL
€32.55
RTL Group
7D
-2.1%
1Y
19.0%

RTL Group (ETR:RRTL) Takes On Some Risk With Its Use Of Debt

Dec 09
RTL Group (ETR:RRTL) Takes On Some Risk With Its Use Of Debt
WBAH
€34.80
Wild Bunch
7D
2.4%
1Y
16.0%

Wild Bunch AG's (FRA:WBAH) Business Is Trailing The Industry But Its Shares Aren't

Dec 09
Wild Bunch AG's (FRA:WBAH) Business Is Trailing The Industry But Its Shares Aren't
UTDI
€24.96
United Internet
7D
0.2%
1Y
57.0%

Investors Holding Back On United Internet AG (ETR:UTDI)

Dec 08
Investors Holding Back On United Internet AG (ETR:UTDI)
M8G
€1.71
Verve Group
7D
1.2%
1Y
-47.9%

M8G Will Benefit From Raised 2025 Revenue Guidance And Stronger Margins

Analysts slightly reduced their price target on Verve Group to $5.05 from $6.43, citing more conservative fair value assumptions, even as expectations for revenue growth and profit margins have strengthened following recent downgrades in Street research. Analyst Commentary Street research has shifted to a more neutral stance on Verve Group, reflecting a balance between improving fundamentals and execution risks that could limit near term share appreciation.
PSM
€4.69
ProSiebenSat.1 Media
7D
-5.7%
1Y
-15.7%

PSM: Future Share Gains Will Stem From New Leadership And Execution

Analysts have trimmed their average price target for ProSiebenSat.1 Media, reflecting reductions from EUR 7.90 to EUR 7.60 and from EUR 7.00 to EUR 6.00 as they factor in slightly lower growth and margin expectations. Analyst Commentary Analyst reactions to the revised price targets highlight a more nuanced view of ProSiebenSat.1 Media, balancing pockets of optimism on execution and valuation against lingering concerns over growth momentum and margin resilience.
1U1
€23.40
1&1
7D
-3.3%
1Y
93.1%

1U1: Strong Index Inclusions Will Not Offset Overvaluation Concerns

Analysts have raised their price target for 1&1 from €21.12 to €21.79. They cite improved revenue growth expectations as well as slight enhancements in profit margin and valuation metrics.
FNTN
€28.38
freenet
7D
1.7%
1Y
-0.2%

FNTN: Share Performance Will Benefit From Stable Revenues And Improved Margins

Analysts have slightly reduced their price target for freenet from €39 to €38, citing updated forecasts for key valuation metrics while maintaining a positive outlook on the company's shares. Analyst Commentary Analysts have updated their views on freenet, reflecting both optimism about the company’s outlook and some caution regarding potential challenges to its valuation and growth trajectory.
TC1
€0.77
Tele Columbus
7D
2.7%
1Y
120.0%

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

Nov 28
Tele Columbus AG (HMSE:TC1) Looks Just Right With A 50% Price Jump
DTE
€26.81
Deutsche Telekom
7D
-2.8%
1Y
-10.0%

We Think That There Are Issues Underlying Deutsche Telekom's (ETR:DTE) Earnings

Nov 20
We Think That There Are Issues Underlying Deutsche Telekom's (ETR:DTE) Earnings
SPG
€18.50
Springer Nature KGaA
7D
-3.4%
1Y
-27.5%

We Think Springer Nature KGaA (ETR:SPG) Can Stay On Top Of Its Debt

Nov 12
We Think Springer Nature KGaA (ETR:SPG) Can Stay On Top Of Its Debt
BST
€8.64
Bastei Lübbe
7D
6.9%
1Y
-15.3%
VTWR
€38.20
Vantage Towers
7D
2.7%
1Y
1.7%
SB1
€14.90
Smartbroker Holding
7D
1.0%
1Y
60.2%
O2D
€1.93
Telefónica Deutschland Holding
7D
-3.4%
1Y
-7.6%