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

German (DAX) Telecom Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies46
  • 7D1.7%
  • 3M-2.2%
  • 1Y-0.7%
  • YTD2.0%

In the last week, the Telecom industry is up 2.0%, with Deutsche Telekom up 2.1%. In the same time, Springer Nature KGaA was down 6.7%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026€201.9b€163.1b€13.7b22.7x14.8x1.2x
Wed, 10 Dec 2025€192.3b€163.1b€13.7b22.8x14.1x1.2x
Fri, 07 Nov 2025€190.1b€162.3b€14.4b24.9x13.2x1.2x
Sun, 05 Oct 2025€205.8b€162.2b€14.4b23.8x14.3x1.3x
Tue, 02 Sep 2025€672.4b€163.1b€14.6b24.2x46.1x4.1x
Thu, 31 Jul 2025€657.4b€163.6b€14.0b19.5x46.9x4x
Sat, 28 Jun 2025€223.9b€162.7b€13.8b25.8x16.2x1.4x
Mon, 26 May 2025€237.4b€162.7b€13.8b25.4x17.2x1.5x
Wed, 23 Apr 2025€226.3b€160.6b€13.1b21.9x17.3x1.4x
Fri, 21 Mar 2025€232.5b€160.7b€13.2b23.3x17.6x1.4x
Sun, 16 Feb 2025€226.7b€157.3b€7.7b29.9x29.4x1.4x
Tue, 14 Jan 2025€205.8b€157.3b€7.7b25.9x26.6x1.3x
Thu, 12 Dec 2024€205.6b€157.3b€7.7b24.4x26.6x1.3x
Sat, 09 Nov 2024€205.7b€156.8b€6.7b25.6x30.8x1.3x
Mon, 07 Oct 2024€195.8b€156.7b€6.7b26.1x29.4x1.2x
Wed, 04 Sep 2024€187.8b€157.8b€7.1b25.9x26.3x1.2x
Fri, 02 Aug 2024€178.0b€156.2b€6.6b22.1x27x1.1x
Sun, 30 Jun 2024€175.6b€156.2b€6.6b23.9x26.6x1.1x
Tue, 28 May 2024€168.6b€156.2b€6.6b24.4x25.4x1.1x
Thu, 25 Apr 2024€169.4b€155.9b€6.3b26.4x27x1.1x
Sat, 23 Mar 2024€167.3b€155.6b€6.3b26.1x26.5x1.1x
Mon, 19 Feb 2024€169.5b€156.6b€8.3b25.6x20.4x1.1x
Wed, 17 Jan 2024€213.4b€158.9b€9.1b26.3x23.5x1.3x
Fri, 15 Dec 2023€207.3b€159.0b€9.1b25.4x22.8x1.3x
Sun, 12 Nov 2023€204.9b€160.4b€8.5b27x24.2x1.3x
Tue, 10 Oct 2023€195.8b€160.2b€8.5b24.3x23x1.2x
Thu, 07 Sep 2023€193.7b€160.5b€8.4b22.6x23.2x1.2x
Sat, 05 Aug 2023€188.6b€160.8b€8.5b21.9x22.1x1.2x
Mon, 03 Jul 2023€195.6b€160.4b€8.5b25.4x22.9x1.2x
Wed, 31 May 2023€200.3b€160.7b€8.5b23.1x23.6x1.2x
Fri, 28 Apr 2023€178.3b€158.2b€10.0b19.6x17.8x1.1x
Sun, 26 Mar 2023€174.4b€158.2b€10.1b20.3x17.2x1.1x
Tue, 21 Feb 2023€172.8b€157.5b€9.8b21.8x17.6x1.1x
Thu, 19 Jan 2023€167.8b€157.5b€9.8b19.8x17x1.1x
Price to Earnings Ratio

17x


Total Market Cap: €167.8bTotal Earnings: €9.8bTotal Revenue: €157.5bTotal 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 14.8x which is lower than its 3-year average PE of 22.8x.
  • 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 Market1.40%
Telecom1.67%
Telecom Services and Carriers2.15%
Interactive Media and Services-0.16%
Media-0.24%
Entertainment-0.73%
Wireless Telecom-0.80%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 35.4x.
    • Analysts are expecting annual earnings growth of 6.2%, 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 22.4x.
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 6.2% 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€28.402.1%
+€2.8b		-3.5%PE11.2x
VTWR Vantage Towers€38.002.2%
+€404.6m		0.5%n/a
UTDI United Internet€29.885.9%
+€286.9m		100.3%PE39.8x
RRTL RTL Group€36.204.0%
+€216.6m		31.6%PE23.1x
1U1 1&1€25.803.6%
+€158.7m		120.9%PE35.8x

Latest News

UTDI
€29.88
United Internet
7D
5.9%
1Y
100.3%

UTDI: Lower Ionos Multiples Will Continue To Cap Upside Potential

Analysts have reduced their price target for United Internet to €27 from €31, citing lower valuation multiples for Ionos as a key reason for their more cautious stance. Analyst Commentary Bearish analysts have shifted to a more cautious stance on United Internet, moving their recommendation to Hold and trimming the price target to €27 from €31.
1U1
€25.80
1&1
7D
3.6%
1Y
120.9%

1U1: Stable Contracts And Flat Service Revenue Will Pressure Future Earnings

Analysts have trimmed their price expectations for 1&1 to about €11.02 from roughly €11.19, pointing to more cautious assumptions on revenue growth, profit margins and a higher future P/E multiple in their updated models. What's in the News 1&1 AG confirmed its earnings guidance for the full year 2025, keeping its previously communicated outlook in place.
G24
€86.00
Scout24
7D
1.9%
1Y
-3.7%
DTE
€28.40
Deutsche Telekom
7D
2.1%
1Y
-3.5%
RRTL
€36.20
RTL Group
7D
4.0%
1Y
31.6%

RRTL: Leadership Handover And Stable Fundamentals Will Shape Balanced Risk Outlook

Analysts have trimmed their price target on RTL Group to €35 from €36, reflecting modest adjustments to assumptions such as the discount rate, long-term revenue trends, profit margins and future P/E expectations. Analyst Commentary Recent research keeps a Hold stance on RTL Group while trimming the price target to €35, which signals a more measured view on both upside potential and execution risks.
EVD
€79.30
CTS Eventim KGaA
7D
1.9%
1Y
-8.7%

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

Analysts have marginally raised their price target on CTS Eventim KGaA to €105.00, citing a slightly lower discount rate along with stable expectations for revenue growth, profit margins, and future valuation multiples that together support a steady fair value outlook. What's in the News CTS Eventim KGaA has appointed William Willms, former CFO of Lufthansa Technik AG, as its new Chief Financial Officer effective 1 January 2026, succeeding Holger Hohrein at year end (company announcement).
SPG
€18.48
Springer Nature KGaA
7D
-6.7%
1Y
-26.1%
PSM
€4.91
ProSiebenSat.1 Media
7D
-0.8%
1Y
1.2%

PSM: Future Upside Will Stem From New Leadership Driving Margin Recovery

Analysts have modestly reduced their average price target for ProSiebenSat.1 Media. This reflects slightly softer margin and growth expectations alongside a higher assumed cost of capital, even as they maintain a generally constructive stance on the shares.
FNTN
€29.40
freenet
7D
-0.9%
1Y
4.8%

FNTN: Future Share Performance Will Benefit From Stable Cash Generation

Analysts have trimmed their price target on freenet slightly, to EUR 38 from EUR 39, reflecting modestly higher revenue growth expectations but slightly lower profit margin forecasts and a small downward revision in estimated fair value. Analyst Commentary Analysts see the slight reduction in the price target as a fine tuning of their valuation model rather than a fundamental shift in their view of freenet's long term prospects, balancing improved top line expectations with more cautious assumptions on profitability.
WBAH
€26.40
Wild Bunch
7D
-15.4%
1Y
-15.4%

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
LOU
€3.30
DEAG Deutsche Entertainment
7D
-4.1%
1Y
-17.1%
SYZ
€1.42
SYZYGY
7D
-7.5%
1Y
-50.9%
YOC
€10.65
YOC
7D
-4.5%
1Y
-29.5%
VTWR
€38.00
Vantage Towers
7D
2.2%
1Y
0.5%
SB1
€14.35
Smartbroker Holding
7D
-2.0%
1Y
58.7%
O2D
€2.06
Telefónica Deutschland Holding
7D
2.0%
1Y
-1.9%