German (DAX) Telecom Services and Carriers Industry Analysis

UpdatedDec 17, 2025

DataAggregated Company Financials

Companies7

7D-0.7%
3M-7.6%
1Y-8.0%
YTD-6.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.6%, driven by Deutsche Telekom declining 2.0%. The industry has fallen 9.1% in the last year. 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?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 17 Dec 2025	€156.3b	€136.3b	€12.5b	16.3x	12.5x	1.1x
Fri, 14 Nov 2025	€158.7b	€135.8b	€13.1b	17x	12.1x	1.2x
Sun, 12 Oct 2025	€170.9b	€135.9b	€13.1b	20.2x	13.1x	1.3x
Tue, 09 Sep 2025	€622.8b	€136.7b	€13.1b	20.8x	47.5x	4.6x
Thu, 07 Aug 2025	€631.4b	€136.4b	€12.5b	19x	50.3x	4.6x
Sat, 05 Jul 2025	€180.1b	€135.5b	€12.4b	21.5x	14.6x	1.3x
Mon, 02 Jun 2025	€192.2b	€135.5b	€12.4b	21.1x	15.6x	1.4x
Wed, 30 Apr 2025	€179.9b	€133.6b	€11.5b	20.9x	15.6x	1.3x
Fri, 28 Mar 2025	€192.3b	€133.6b	€11.5b	21.1x	16.7x	1.4x
Sun, 23 Feb 2025	€197.0b	€132.2b	€6.3b	39.5x	31.5x	1.5x
Tue, 21 Jan 2025	€176.3b	€132.2b	€6.3b	39.1x	28.2x	1.3x
Thu, 19 Dec 2024	€172.8b	€132.2b	€6.3b	38.7x	27.6x	1.3x
Sat, 16 Nov 2024	€169.3b	€132.9b	€6.3b	28x	27x	1.3x
Mon, 14 Oct 2024	€162.6b	€131.2b	€5.3b	31.1x	31x	1.2x
Wed, 11 Sep 2024	€157.7b	€132.3b	€5.7b	35.5x	27.5x	1.2x
Fri, 09 Aug 2024	€148.9b	€131.1b	€5.4b	27.3x	27.7x	1.1x
Sun, 07 Jul 2024	€147.2b	€131.1b	€5.4b	26.7x	27.4x	1.1x
Tue, 04 Jun 2024	€142.0b	€131.1b	€5.4b	25.4x	26.4x	1.1x
Thu, 02 May 2024	€136.4b	€131.0b	€5.1b	25.6x	26.9x	1x
Sat, 30 Mar 2024	€141.3b	€131.0b	€5.1b	25.7x	27.9x	1.1x
Mon, 26 Feb 2024	€139.8b	€131.2b	€7.0b	18.3x	20x	1.1x
Wed, 24 Jan 2024	€178.8b	€133.3b	€7.8b	28x	23.1x	1.3x
Fri, 22 Dec 2023	€170.3b	€133.4b	€7.8b	27.8x	22x	1.3x
Sun, 19 Nov 2023	€169.4b	€133.4b	€7.7b	27.8x	21.9x	1.3x
Tue, 17 Oct 2023	€160.9b	€134.7b	€7.3b	20.3x	21.9x	1.2x
Thu, 14 Sep 2023	€160.8b	€134.7b	€7.3b	21.1x	21.9x	1.2x
Sat, 12 Aug 2023	€151.7b	€135.2b	€7.2b	22.5x	21.2x	1.1x
Mon, 10 Jul 2023	€156.1b	€135.2b	€7.2b	30.2x	21.8x	1.2x
Wed, 07 Jun 2023	€155.7b	€135.2b	€7.1b	33x	22x	1.2x
Fri, 05 May 2023	€135.0b	€132.7b	€8.5b	14.1x	15.8x	1x
Sun, 02 Apr 2023	€139.9b	€132.6b	€8.5b	16.8x	16.4x	1.1x
Tue, 28 Feb 2023	€135.8b	€132.4b	€8.5b	14x	16x	1x
Thu, 26 Jan 2023	€129.2b	€132.6b	€8.2b	13.8x	15.7x	1x
Sat, 24 Dec 2022	€120.7b	€132.6b	€8.2b	12.8x	14.7x	0.9x

Price to Earnings Ratio

14.7x

Sat, 24 Dec 2022

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 12.4x 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 1.1x.

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 Market	-0.067%
Telecom	-0.80%
Telecom Services and Carriers	-0.66%
Integrated Telecom Services	-0.66%
Alternative Carriers	-8.08%

Industry PE

Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 21.3x.

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.