Deutsche Telekom (DTE.DE): analysis in plain words
Is Deutsche Telekom cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Deutsche Telekom (DTE.DE) is listed on the Frankfurt Stock Exchange (Xetra) and we classify it in telecommunications. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Deutsche Telekom according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Deutsche Telekom (DTE.DE) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €26.76 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 15.0x | Price over earnings per share |
| Revenue growth | +4.4% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 7.2% | Profit for every 100 of sales |
| Net debt / EBITDA | 3.3x | Years of operating profit to repay debt |
| Dividend yield | 3.87% | Annual dividend over price |
| Market cap | €128.0 billion | What the stock market values it at |
The Deutsche Telekom figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any DTE.DE figure that is not available shows as N/A: we do not estimate it.
How Deutsche Telekom makes money
Deutsche Telekom reports by region: the United States, through its T-Mobile US subsidiary, which brings in most of its revenue; Germany, with mobile, fiber and TV; Europe, with carriers in several countries; and Systems Solutions (T-Systems), which provides IT services to businesses. It earns monthly fees from consumers and companies.
Over the last 12 months, Deutsche Telekom brought in revenue of €120.5 billion. For every 100 it sells, Deutsche Telekom keeps 43.6 after the direct cost of what it sells (gross margin) and 24.1 after all operating costs (operating margin). With 191,796 full-time employees, that is about €628,000 of revenue per employee.
Deutsche Telekom against its sector
To know whether a Deutsche Telekom figure is high or low you have to put it next to similar companies. This table compares Deutsche Telekom with the median of the 6 telecommunications companies Fintols covers, with data as of November 4, 2026.
| Figure | Deutsche Telekom | telecommunications median |
|---|---|---|
| P/E | 15.0x | 11.7x (6) |
| Revenue growth | +4.4% | +4.4% (7) |
| Net margin | 7.2% | 9.1% (8) |
| Dividend yield | 3.87% | 4.19% (8) |
| Net debt / EBITDA | 3.3x | 3.7x (8) |
In short, against the typical telecommunications company, Deutsche Telekom trades on a higher P/E and earns a thinner margin. By size, Deutsche Telekom ranks number 1 of 3 telecommunications companies quoted in EUR on Fintols.
The bull case for Deutsche Telekom
What works in favour of Deutsche Telekom, according to its figures as of November 4, 2026:
- Deutsche Telekom generates real cash: €17.4 billion of free cash flow over 12 months, 13.6% of its stock market value.
- Analysts expect Deutsche Telekom earnings to rise: its P/E on the next 12 months of estimated earnings is 10.4x, below the current 15.0x.
- For income seekers, Deutsche Telekom pays a dividend yielding 3.87% at today's price, using 56% of its profit to fund it.
The main risk for Deutsche Telekom
Debt is heavy: Deutsche Telekom carries net debt equal to 3.3x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
And, like the rest of telecommunications, Deutsche Telekom is exposed to price wars between operators and the heavy spending its networks need every year.
Frequently asked questions about Deutsche Telekom
Is it a good time to buy Deutsche Telekom stock?
Fintols does not tell you whether to buy or sell Deutsche Telekom, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Deutsche Telekom stock trades at €26.76, 22% below its 52-week high (€34.36) and 14% above its low (€23.53). Its P/E is 15.0x against a telecommunications median of 11.7x, and 10.4x on the earnings analysts expect over the next 12 months. With Deutsche Telekom, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Deutsche Telekom pay a dividend?
Yes. As of November 4, 2026, Deutsche Telekom pays €1.00 per share a year, which at today's price is a yield of 3.87%. It uses 56% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 3.19%. The telecommunications median on Fintols is 4.19%.
Is Deutsche Telekom stock expensive?
It depends on what you compare it with. On P/E, Deutsche Telekom trades at 15.0x its last 12 months of earnings: more expensive than the telecommunications median (11.7x). Including its debt, Deutsche Telekom is valued at 6.9x its EBITDA (EV/EBITDA). A high P/E alone does not make Deutsche Telekom expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Deutsche Telekom's competitors?
On Fintols we compare Deutsche Telekom with Telefónica, Cellnex and Charter Communications, which are also in telecommunications. As of November 4, 2026, Telefónica is worth €19.4 billion; Cellnex is worth €17.6 billion; Charter Communications is worth $15.6 billion and trades on a P/E of 3.1. Each has a side-by-side comparison with Deutsche Telekom below.
Deutsche Telekom competitors
- Telefónica (TEF) analysis · Deutsche Telekom vs Telefónica comparison
- Cellnex (CLNX) analysis · Deutsche Telekom vs Cellnex comparison
- Charter Communications (CHTR) analysis · Deutsche Telekom vs Charter Communications comparison
To understand Deutsche Telekom better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Deutsche Telekom: telecommunications stocks and Euro Stoxx 50 companies. Open the full DTE.DE analysis with its valuation and scenarios. Educational content about Deutsche Telekom, not investment advice.