Deutsche Telekom AG (DTE) Fair Value & Analysis
Communication Services · DE · Market cap €129B · ISIN DE0005557508
What is Deutsche Telekom AG really worth?
A solid business, but trading 16% above our fair value of €24.48.
As of Sep 6, 2026, the fair value of Deutsche Telekom AG is €24.48 per share against a price of €28.40, so the fair value sits 14% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Risks
For context
Fair value as of: Sep 6, 2026
From 26 valuation models · updated today
Fair value updated Sep 6, 2026, revised from €44.50 to €24.48 (−45.0%) since Aug 29, 2026. Share price +3.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (€18.02 to €36.36) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.
How to read this chart
60‑month range €12.82 – €33.74 · fair‑value band €18.02 – €36.36 · the €28.40 price screens above the €24.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 6, 2026.
Analysis
Deutsche Telekom AG (DTE) currently trades at €28.40, while our model-based Fair Value estimate is €24.48, implying the stock looks roughly 16.0% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Communication Services sector. Bull case: the Growth DCF group reads highest at a median of €67.32 per share, and 20 of the 26 models we run sit above the €28.40 price. Bear case: the Asset-Based group reads lowest at €8.61, and 6 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Deutsche Telekom AG generated revenue of €122B at a net margin of 7.2%. Revenue grew 0.4% year over year. It earns a return on equity of 14.4%. Net debt stands at €133B. Fundamentals as of Sep 6, 2026
Our scenario range runs from €18.02 (bear case) to €36.36 (bull case); at €28.40, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at −14%, DTE screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.5526 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth DCF (€67.32) versus Asset-Based (€8.61). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. It operates through Germany, United States, Europe, Systems Solutions, and Group Development segments.
Full company description
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. It operates through Germany, United States, Europe, Systems Solutions, and Group Development segments. The company offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers. It also provides mobile voice and data services to consumers and business customers; sells mobile devices and other hardware products; and sells mobile services to resellers and to companies that buys and markets network services to third parties, such as mobile virtual network operators. In addition, the company offers internet services; internet-based TV products and services; and information and communication technology systems for multinational corporations and public sector institutions with an infrastructure of data centers and network services. Further, it provides wireless communications services; and cloud services, digital solutions, and security and advisory solutions. The company has mobile and broadband customers, as well as fixed-network lines. Deutsche Telekom AG was founded in 1995 and is headquartered in Bonn, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Deutsche Telekom AG reported revenue of €119B in FY2025 versus €108B in FY2021, a compound +2.6%/yr. Reported net income was €9.6B in FY2025, compounding +12.0%/yr from FY2021.
of which total revenue +6.0 % · buybacks/dilution −0.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
DTE screens 16% overvalued. Compare with China Mobile Limited →
Peer Group
Telecom Services · 249 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Telecom Services median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Deutsche Telekom AG deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Communication Services
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥96.11 | ¥109.88 | +14% |
| T-Mobile US, Inc TMUS | $177.75 | $172.67 | −3% |
| Verizon Communications Inc VZ | $49.43 | $64.43 | +30% |
| AT&T Inc T | $26.01 | $43.97 | +69% |
| Bharti Airtel Limited BHARTIARTL | ₹1,935 | ₹941.48 | −51% |
| Comcast Corporation CMCSA | $26.49 | $95.42 | +260% |
| China Telecom Corporation 601728 | ¥6.43 | ¥8.36 | +30% |
| América Móvil, S.A. AMX | $23.00 | $39.79 | +73% |
| Singapore Telecommunications Limited Z77 | 4.53 SGD | 3.03 SGD | −33% |
| Swisscom AG SCMN | CHF 627.50 | CHF 463.92 | −26% |
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