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German (DAX) Telecom Services and Carriers Industry Analysis

UpdatedAug 23, 2025
DataAggregated Company Financials
Companies7
  • 7D10.1%
  • 3M-5.7%
  • 1Y15.8%
  • YTD-13.7%

In the last week, the Telecom Services and Carriers industry is up 11%, with Deutsche Telekom up 1.9%. This means that the industry has gained 16% over the past year. Looking forward, earnings are forecast to grow by 2.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Aug 2025€630.6b€136.7b€13.3b21.4x47.6x4.6x
Mon, 21 Jul 2025€177.8b€135.5b€12.4b21.1x14.4x1.3x
Wed, 18 Jun 2025€179.0b€135.5b€12.4b21.4x14.5x1.3x
Fri, 16 May 2025€188.4b€133.7b€11.5b21.4x16.4x1.4x
Sun, 13 Apr 2025€178.9b€133.6b€11.5b20.3x15.6x1.3x
Tue, 11 Mar 2025€197.8b€133.6b€11.5b34.3x17.1x1.5x
Thu, 06 Feb 2025€186.4b€132.2b€6.3b40x29.8x1.4x
Sat, 04 Jan 2025€171.9b€132.2b€6.3b37.8x27.4x1.3x
Mon, 02 Dec 2024€176.9b€132.2b€6.3b38.6x28.2x1.3x
Wed, 30 Oct 2024€168.4b€131.2b€5.3b35x32x1.3x
Fri, 27 Sep 2024€159.1b€132.3b€5.7b35.9x27.8x1.2x
Sun, 25 Aug 2024€153.2b€132.3b€5.7b36.9x26.8x1.2x
Tue, 23 Jul 2024€149.1b€131.1b€5.4b27.2x27.8x1.1x
Thu, 20 Jun 2024€142.5b€131.1b€5.4b25.7x26.5x1.1x
Sat, 18 May 2024€138.8b€131.0b€5.1b26.6x27.4x1.1x
Mon, 15 Apr 2024€134.7b€131.0b€5.1b25.5x26.6x1x
Wed, 13 Mar 2024€137.5b€130.9b€5.1b25.5x26.9x1.1x
Fri, 09 Feb 2024€141.4b€131.2b€7.0b18.4x20.2x1.1x
Sun, 07 Jan 2024€174.2b€133.3b€7.8b27.8x22.5x1.3x
Tue, 05 Dec 2023€173.2b€133.4b€7.8b27.8x22.3x1.3x
Thu, 02 Nov 2023€161.1b€134.7b€7.3b19.2x22x1.2x
Sat, 30 Sep 2023€158.1b€134.7b€7.3b20.3x21.6x1.2x
Mon, 28 Aug 2023€154.1b€134.7b€7.3b20.4x21x1.1x
Wed, 26 Jul 2023€158.1b€135.2b€7.2b31.1x22x1.2x
Fri, 23 Jun 2023€156.3b€135.2b€7.2b32.3x21.8x1.2x
Sun, 21 May 2023€169.2b€135.1b€7.1b34.9x23.8x1.3x
Tue, 18 Apr 2023€139.9b€132.7b€8.5b18.4x16.4x1.1x
Thu, 16 Mar 2023€137.0b€132.6b€8.5b16.5x16x1x
Sat, 11 Feb 2023€129.5b€132.6b€8.2b13.7x15.7x1x
Mon, 09 Jan 2023€126.2b€132.6b€8.2b13.5x15.3x1x
Wed, 07 Dec 2022€123.7b€132.5b€8.2b13.2x15.1x0.9x
Fri, 04 Nov 2022€121.5b€130.0b€7.9b14.3x15.4x0.9x
Sun, 02 Oct 2022€110.1b€130.0b€7.9b12.8x14x0.8x
Tue, 30 Aug 2022€119.4b€130.0b€7.9b13.8x15.2x0.9x
Price to Earnings Ratio

15.2x


Total Market Cap: €119.4bTotal Earnings: €7.9bTotal Revenue: €130.0bTotal Market Cap vs Earnings and Revenue0%0%0%
German Telecom Services and Carriers Industry Price to Earnings3Y Average 22.1x202320242025
Current Industry PE
  • Investors are optimistic on the German Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 47.9x which is higher than its 3-year average PE of 22.0x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 19% 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 Market2.12%
Telecom9.30%
Telecom Services and Carriers10.10%
Integrated Telecom Services10.10%
Alternative Carriers4.69%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 9.1x.
    • Analysts are expecting annual earnings growth of 43.2% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 43% over the next 5 years.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 2.5% 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
DTE Deutsche Telekom€31.431.9%
+€2.8b
24.8%PE12.1x
UTDI United Internet€26.806.3%
+€276.5m
40.8%PE37.4x
NFN NFON€6.704.7%
+€5.0m
8.1%PE122.5x
KZTA Kazakhtelecom JSC€3.1014.0%
+€4.2m
14.0%PE0.2x
E4C ecotel communication ag€13.703.0%
+€1.4m
0%PE24.1x

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