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Deutsche Telekom AG DTE.DE

DE · Deutsche Börse Xetra · XETR · stock · Communication Services · website

Deutsche Telekom AG statistics & valuation

Market cap€135.9B
P / E14.1×
P / S1.1×
P / B2.2×
P / FCF6.4×
Net margin8.1%
FCF margin18.1%
Net debt€133.1B
Enterprise value USD$310.5B
Earnings yield EBIT/EV9.5%
Return on capital10.1%
Graham number -15.5%€24.00

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€24.00); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.00% 16.00% 9.70% 8.10% 2022202320242025
Gross margin (%)
55.90% 60.00% 61.10% 61.10% 2022202320242025
Operating margin (%)
12.40% 19.00% 21.00% 21.60% 2022202320242025
Return on equity (%)
16.50% 31.20% 17.70% 15.50% 2022202320242025
Shares outstanding
4.78B 4.78B 4.78B 4.78B 2022202320242025
Net debt (€)
€138.72B €131.62B €136.99B €133.08B 2022202320242025
Share buybacks (€)
€0 €0 €1.97B €2.00B 2022202320242025
Return on assets (%)
2.70% 6.10% 3.70% 3.30% 2022202320242025
Free cash flow margin (%)
10.30% 17.50% 18.00% 18.10% 2022202320242025
Debt / equity (×)
2.97× 2.44× 2.29× 2.26× 2022202320242025
EPS (€)
€1.61 €3.57 €2.27 €1.97 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Deutsche Telekom AG trades at about 14.4× earnings — near its 10-year norm (10-year range 6.4×–14.3×, median 14.3×).

6.4× 14.4×

Shaded band = 10-year range (6.4×–14.3×); dot = today's 14.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin61.1%61.1%60.0%55.9%
Operating margin21.6%21.0%19.0%12.4%
Net margin8.1%9.7%16.0%7.0%
FCF margin18.1%18.0%17.5%10.3%
Return on assets3.3%3.7%6.1%2.7%
Return on equity15.5%17.7%31.2%16.5%
Debt / equity1.54×1.56×1.60×1.93×
Current ratio1.121.061.010.86

Computed from company filings · DE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.