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German (DAX) Telecom Services and Carriers Industry Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies7
  • 7D-0.8%
  • 3M-9.0%
  • 1Y-7.7%
  • YTD-5.7%

The Telecom Services and Carriers is pretty flat in the last 7 days, but Vantage Towers has stood out, gaining 6.1%. Unfortunately though, the industry is down 7.7% over the past 12 months. Looking forward, earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

Has the German Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Dec 2025€157.7b€136.3b€12.5b16.2x12.6x1.2x
Sun, 09 Nov 2025€156.0b€135.9b€13.1b19.7x11.9x1.1x
Tue, 07 Oct 2025€168.3b€135.9b€13.1b21.1x12.9x1.2x
Thu, 04 Sep 2025€629.6b€136.7b€13.3b20.9x47.5x4.6x
Sat, 02 Aug 2025€623.5b€136.4b€12.5b19.4x49.7x4.6x
Mon, 30 Jun 2025€181.9b€135.5b€12.4b21.7x14.7x1.3x
Wed, 28 May 2025€196.9b€135.5b€12.4b21.2x15.9x1.5x
Fri, 25 Apr 2025€189.0b€133.6b€11.5b20.7x16.4x1.4x
Sun, 23 Mar 2025€193.9b€133.6b€11.5b21.8x16.8x1.5x
Tue, 18 Feb 2025€194.6b€132.2b€6.3b39.8x31.1x1.5x
Thu, 16 Jan 2025€175.2b€132.2b€6.3b38.9x28x1.3x
Sat, 14 Dec 2024€174.4b€132.2b€6.3b38.7x27.8x1.3x
Mon, 11 Nov 2024€169.2b€131.2b€5.3b33.1x32.2x1.3x
Wed, 09 Oct 2024€160.0b€131.2b€5.3b30.5x30.5x1.2x
Fri, 06 Sep 2024€158.7b€132.3b€5.7b35.8x27.7x1.2x
Sun, 04 Aug 2024€148.0b€131.1b€5.4b27x27.6x1.1x
Tue, 02 Jul 2024€146.4b€131.1b€5.4b26.6x27.3x1.1x
Thu, 30 May 2024€136.6b€131.1b€5.4b24.8x25.4x1x
Sat, 27 Apr 2024€137.8b€131.0b€5.1b23.8x27.1x1.1x
Mon, 25 Mar 2024€137.9b€131.0b€5.1b25.6x27.2x1.1x
Wed, 21 Feb 2024€140.5b€131.2b€7.0b18.4x20.1x1.1x
Fri, 19 Jan 2024€176.7b€133.3b€7.8b27.9x22.8x1.3x
Sun, 17 Dec 2023€169.5b€133.4b€7.8b27.8x21.9x1.3x
Tue, 14 Nov 2023€169.5b€133.4b€7.7b27.8x21.9x1.3x
Thu, 12 Oct 2023€161.5b€134.7b€7.3b20.5x22x1.2x
Sat, 09 Sep 2023€159.0b€134.7b€7.3b20.5x21.7x1.2x
Mon, 07 Aug 2023€152.3b€135.2b€7.2b23.8x21.3x1.1x
Wed, 05 Jul 2023€159.1b€135.2b€7.2b32.6x22.2x1.2x
Fri, 02 Jun 2023€164.7b€135.2b€7.1b33.7x23.2x1.2x
Sun, 30 Apr 2023€137.5b€132.7b€8.5b14.4x16.1x1x
Tue, 28 Mar 2023€137.6b€132.6b€8.5b16.8x16.1x1x
Thu, 23 Feb 2023€134.9b€132.6b€8.2b14.4x16.4x1x
Sat, 21 Jan 2023€128.6b€132.6b€8.2b13.7x15.6x1x
Mon, 19 Dec 2022€120.3b€132.5b€8.2b12.8x14.6x0.9x
Price to Earnings Ratio

14.6x


Total Market Cap: €120.3bTotal Earnings: €8.2bTotal Revenue: €132.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Services and Carriers Industry Price to Earnings3Y Average 22.5x202320242025
Current Industry PE
  • Investors are pessimistic on the German Telecom 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 12.6x which is lower than its 3-year average PE of 22.5x.
  • 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 Telecom 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 industry?

DE Market1.65%
Telecom-1.02%
Telecom Services and Carriers-0.84%
Integrated Telecom Services-0.84%
Alternative Carriers-6.40%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 75.6%, which is higher than its past year's earnings decline of 43.7% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 22.5x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 76% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.4% 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
UTDI United Internet€24.960.2%
+€6.9m
57.0%PE33.3x