German Price disconnect

Allianz

Market Cap: €147.7b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €60.2b

Engages in the insurance and reinsurance businesses worldwide.

BASF

Market Cap: €44.8b

Operates as a chemical company worldwide.

Heidelberg Materials

Market Cap: €31.9b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Hannover Rück

Market Cap: €29.4b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Talanx

Market Cap: €28.0b

Provides insurance and reinsurance products and services worldwide.

adidas

Market Cap: €27.7b

Designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally.

Fresenius Medical Care

Market Cap: €10.1b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

GEA Group

Market Cap: €9.0b

Produces and supplies systems and components to the food, beverage, and pharmaceutical industries worldwide.

Nemetschek

Market Cap: €7.5b

Provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally.

Springer Nature KGaA

Market Cap: €4.0b

Engages in the publishing business in Germany, the United Kingdom, the United States, and internationally.

IONOS Group

Market Cap: €3.8b

Provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

Ottobock SE KGaA

Market Cap: €3.6b

Develops, produces, and distributes medical technology products and components for the people with disabilities in the fields of prosthetics, orthotics, human mobility, and industrial exoskeletons in Europe, the Middle East, Africa, North and South America, and the Asia Pacific.

TUI

Market Cap: €3.5b

Provides tourism services internationally.

Aroundtown

Market Cap: €2.6b

Operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.

Dermapharm Holding

Market Cap: €2.4b

Manufactures and sells off-patent branded pharmaceutical products in Germany, Italy, France, Austria, Switzerland, Spain, Portugal, the Netherlands, Croatia, Poland, Ukraine, the United States, and China.

AlzChem Group

Market Cap: €1.7b

Develops, produces, and markets a range of chemical specialties in Germany, European Union, rest of Europe, Asia, NAFTA region, and internationally.

KSB SE KGaA

Market Cap: €1.5b

Supplies pumps, valves, and related services worldwide.

Befesa

Market Cap: €1.4b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

Eckert & Ziegler

Market Cap: €963.0m

Manufactures and sells isotope technology components in Europe, North America, Asia, and internationally.

Kazakhtelecom JSC

Market Cap: €454.9b

Provides telecommunication services to individuals and businesses in the Republic of Kazakhstan.

INDUS Holding

Market Cap: €775.5m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

innoscripta

Market Cap: €771.0m

Provides software-as-a-service for managing research and development (R&D) tax incentives and project management consulting in Germany and France.

Mensch und Maschine Software

Market Cap: €619.1m

Provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

Nagarro

Market Cap: €510.6m

Provides digital product engineering and technology solutions in Germany, the United States, Europe, and internationally.

Deutsche Rohstoff

Market Cap: €446.9m

Engages in the exploration and production of crude oil and natural gas.

Heidelberger Druckmaschinen

Market Cap: €435.8m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

M1 Kliniken

Market Cap: €352.2m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, Croatia, Hungary, Bulgaria, and Romania.

Angler Gaming

Market Cap: €317.9m

Invests in companies that offer gaming services through the internet in Malta.

Ernst Russ

Market Cap: €286.4m

A publicly owned investment manager.

VIB Vermögen

Market Cap: €257.2m

Engages in the development, acquisition, and management of commercial real estate properties in Germany.

Eisen- und Hüttenwerke

Market Cap: €239.4m

Engages in the acquisition, management, and sale of investments in companies that produce and process iron, steel, and other metals and materials in Germany.

centrotherm international

Market Cap: €190.5m

Provides production equipment and solutions for the photovoltaic, semiconductor, and microelectronic industries worldwide.

MPC Münchmeyer Petersen Capital

Market Cap: €189.6m

A publicly owned investment manager.

HMS Bergbau

Market Cap: €188.5m

Engages in trading and distributing coal and other energy raw materials to energy producers, cement manufacturers, and industrial consumers worldwide.

MEDICLIN

Market Cap: €173.9m

Operates hospitals in Germany.