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German (DAX) Telecom Sector Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies46
  • 7D0.7%
  • 3M-4.2%
  • 1Y-1.5%
  • YTD-2.3%

Over the last 7 days, the Telecom industry has remained flat, although notably Wild Bunch declined by 14%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 7.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 17 Apr 2023€178.3b€158.3b€10.1b21.2x17.7x1.1x
Wed, 15 Mar 2023€175.4b€157.6b€10.1b19.8x17.4x1.1x
Fri, 10 Feb 2023€169.0b€157.5b€9.8b21.4x17.2x1.1x
Sun, 08 Jan 2023€163.6b€157.5b€9.8b19.8x16.6x1x
Price to Earnings Ratio

16.6x


Total Market Cap: €163.6bTotal Earnings: €9.8bTotal Revenue: €157.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Sector Price to Earnings3Y Average 22.9x202420252026
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 14.4x 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 Market0.75%
Telecom0.71%
Media1.31%
Wireless Telecom1.23%
Entertainment0.76%
Telecom Services and Carriers0.67%
Interactive Media and Services-0.20%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 35.0x.
    • Analysts are expecting annual earnings growth of 7.0%, 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 Telecom Services and Carriers industry is expected to see its earnings grow by 6.3% 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€27.660.7%
+€855.6m		-4.3%PE10.9x
UTDI United Internet€27.682.5%
+€117.5m		76.6%PE36.9x
RRTL RTL Group€34.451.8%
+€92.8m		29.0%PE22x
1U1 1&1€24.752.1%
+€88.1m		96.4%PE34.3x
EVD CTS Eventim KGaA€78.500.7%
+€52.8m		-3.9%PE26.3x

Latest News

RRTL
€34.45
RTL Group
7D
1.8%
1Y
29.0%

Is There An Opportunity With RTL Group S.A.'s (ETR:RRTL) 44% Undervaluation?

Dec 27
Is There An Opportunity With RTL Group S.A.'s (ETR:RRTL) 44% Undervaluation?
G24
€85.80
Scout24
7D
-0.1%
1Y
0.8%

G24: Future Margin Strength Will Support Ongoing Market Momentum

The analyst price target for Scout24 has been modestly reduced by approximately EUR 0.25, as analysts recalibrate valuation assumptions in light of slightly lower fair value estimates, while maintaining supportive views on revenue growth, margins, and future earnings multiples. Analyst Commentary Recent Street research on Scout24 reflects a mixed but still broadly constructive stance on the company, with price targets adjusted both upward and downward as analysts rebase valuation frameworks to evolving growth and margin expectations.
EVD
€78.50
CTS Eventim KGaA
7D
0.7%
1Y
-3.9%

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
€19.12
Springer Nature KGaA
7D
1.3%
1Y
-29.7%
1U1
€24.75
1&1
7D
2.1%
1Y
96.4%
UTDI
€27.68
United Internet
7D
2.5%
1Y
76.6%
FNTN
€29.34
freenet
7D
0.2%
1Y
6.5%

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
€31.20
Wild Bunch
7D
-13.8%
1Y
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
SAX
€37.00
Ströer SE KGaA
7D
1.8%
1Y
-19.7%

Is Ströer SE KGaA (ETR:SAX) A Risky Investment?

Dec 06
Is Ströer SE KGaA (ETR:SAX) A Risky Investment?
LOU
€3.54
DEAG Deutsche Entertainment
7D
-4.3%
1Y
-11.5%
TC1
€0.74
Tele Columbus
7D
-0.7%
1Y
148.3%

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
HLG
€1.24
Highlight Communications
7D
-3.9%
1Y
8.8%
DTE
€27.66
Deutsche Telekom
7D
0.7%
1Y
-4.3%

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
BST
€8.36
Bastei Lübbe
7D
-3.5%
1Y
-9.1%
NAO
€4.98
naoo
7D
-6.9%
1Y
-76.7%
SB1
€14.65
Smartbroker Holding
7D
-2.7%
1Y
61.3%