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Austrian (ATX) Market Analysis & Valuation

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies65
  • 7D0.7%
  • 3M12.6%
  • 1Y39.2%
  • YTD1.5%

The Real Estate sector gained 5.3% while the market remained flat over the last week. More promisingly, the market is up 39% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Market Valuation and Performance

Has the Austrian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026€188.3b€176.0b€13.2b16.2x14.3x1.1x
Thu, 11 Dec 2025€178.5b€177.4b€13.2b15.3x13.5x1x
Sat, 08 Nov 2025€168.5b€177.6b€13.0b14.8x13x0.9x
Mon, 06 Oct 2025€168.9b€178.0b€12.6b16.3x13.5x0.9x
Wed, 03 Sep 2025€163.2b€178.0b€12.4b15.1x13.1x0.9x
Fri, 01 Aug 2025€162.6b€177.0b€12.6b13.8x12.9x0.9x
Sun, 29 Jun 2025€158.3b€176.8b€13.7b13.4x11.5x0.9x
Tue, 27 May 2025€160.8b€179.1b€13.3b13.1x12.1x0.9x
Thu, 24 Apr 2025€147.7b€178.4b€13.2b13x11.2x0.8x
Sat, 22 Mar 2025€154.5b€178.1b€13.1b12.5x11.8x0.9x
Mon, 17 Feb 2025€149.1b€175.4b€12.1b13.6x12.3x0.9x
Wed, 15 Jan 2025€137.0b€177.0b€12.5b13.4x11x0.8x
Fri, 13 Dec 2024€135.1b€177.2b€12.6b13.2x10.7x0.8x
Sun, 10 Nov 2024€134.4b€177.5b€13.2b10.4x10.2x0.8x
Tue, 08 Oct 2024€137.5b€179.1b€13.8b12.4x10x0.8x
Thu, 05 Sep 2024€139.9b€179.0b€13.8b11.5x10.1x0.8x
Sat, 03 Aug 2024€136.7b€178.3b€13.6b10.8x10x0.8x
Mon, 01 Jul 2024€139.0b€180.2b€14.0b11.1x9.9x0.8x
Wed, 29 May 2024€141.9b€180.6b€14.5b11.2x9.8x0.8x
Fri, 26 Apr 2024€136.9b€184.5b€14.4b9.7x9.5x0.7x
Sun, 24 Mar 2024€133.5b€188.2b€14.7b9.5x9.1x0.7x
Tue, 20 Feb 2024€130.5b€190.7b€15.4b8.8x8.5x0.7x
Thu, 18 Jan 2024€133.5b€195.4b€15.9b8.7x8.4x0.7x
Sat, 16 Dec 2023€135.6b€195.5b€15.9b8.8x8.5x0.7x
Mon, 13 Nov 2023€131.5b€195.0b€15.7b9.4x8.4x0.7x
Wed, 11 Oct 2023€129.5b€203.6b€15.5b10x8.4x0.6x
Fri, 08 Sep 2023€127.9b€200.5b€15.3b10.4x8.4x0.6x
Sun, 06 Aug 2023€127.9b€199.3b€15.9b11.1x8.1x0.6x
Tue, 04 Jul 2023€127.3b€202.6b€17.1b11.2x7.4x0.6x
Thu, 01 Jun 2023€124.2b€202.4b€17.3b11.4x7.2x0.6x
Sat, 29 Apr 2023€132.2b€203.1b€17.1b14.1x7.7x0.7x
Mon, 27 Mar 2023€123.5b€201.8b€17.4b13x7.1x0.6x
Wed, 22 Feb 2023€136.7b€200.1b€17.3b14.8x7.9x0.7x
Fri, 20 Jan 2023€129.3b€197.6b€17.0b13.8x7.6x0.7x
Price to Earnings Ratio

7.6x


Total Market Cap: €129.3bTotal Earnings: €17.0bTotal Revenue: €197.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Austrian Market Price to Earnings3Y Average 10x202420252026
Current Market PE
  • Investors are optimistic on the Austrian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 14.3x which is higher than its 3-year average PE of 10.0x.
Past Earnings Growth
  • The earnings for companies in the Austrian industry have declined 8.0% per year over the last three years.
  • Revenues have also declined 3.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Austrian Market?

AT Market0.66%
Real Estate5.26%
Consumer Staples2.63%
Energy1.70%
Tech1.50%
Materials1.39%
Consumer Discretionary1.26%
Utilities1.20%
Industrials1.12%
Healthcare0%0
Financials-0.18%
Telecom-0.49%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 32.6%, which is lower than the prior year's growth of 282.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 100% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Utilities sector is expected to see its earnings decline by 5.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
RBI Raiffeisen Bank International€38.382.8%
+€348.0m		97.7%PB0.6xFinancials
VOE Voestalpine€40.004.5%
+€294.9m		133.4%PE36.5xMaterials
VER VERBUND€63.301.3%
+€277.9m		-10.4%PE12.9xUtilities
OMV OMV€49.161.6%
+€248.5m		25.6%PE14.2xEnergy
CAI CA Immobilien Anlagen€24.509.4%
+€201.6m		10.2%PE20.2xReal Estate
See more

Market Insights

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Latest News

WIE
€29.76
Wienerberger
7D
-1.8%
1Y
21.9%

WIE: Slower Housing And Energy Pressures Will Shape Balanced Longer Term Returns

Analysts have trimmed their average price target for Wienerberger to €32, reflecting recent cuts from €38 to €35 and from €35 to €32, as they factor in expectations for slower residential demand, rising energy costs, and a slightly higher assumed P/E multiple. Analyst Commentary Recent research on Wienerberger has centered on how much investors should pay for the shares given a slower residential backdrop and higher energy costs.
VIG
€67.20
Vienna Insurance Group
7D
-1.5%
1Y
124.7%

VIG: Stable Assumptions Will Likely Leave Shares Overpriced

Analysts have kept their price target on Vienna Insurance Group broadly unchanged at €56.38. This reflects only immaterial tweaks to model inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any shift in their overall view on the shares.
ANDR
€69.75
Andritz
7D
2.9%
1Y
41.3%

ANDR: Execution Risks And Margin Assumptions Will Shape Future Earnings Confidence

Analysts have inched their price target for Andritz up to €79 from €78, reflecting updated views on discount rates, revenue growth, profit margins, and a slightly lower assumed future P/E multiple. Analyst Commentary The latest move to a €79 price target from JPMorgan signals that at least one large bank still sees some upside in Andritz at current levels.
FACC
€11.42
FACC
7D
-1.0%
1Y
88.1%

FACC: Updated Discount Rate And P/E Assumptions Will Support Balanced Outlook

Analysts have raised their price target for FACC to €11.90 from €11.45, reflecting updated assumptions regarding the discount rate, revenue growth, profit margin and future P/E levels. Valuation Changes Fair Value Estimate: increased slightly from €11.45 to €11.90 per share.
VER
€63.30
VERBUND
7D
1.3%
1Y
-10.4%

VER: Special Dividend Plan Will Highlight Stronger Margins And Supportive Outlook

Analysts have trimmed their price target on VERBUND by about €1.83, reflecting updated views that combine a softer revenue outlook with higher projected profit margins and a lower future P/E multiple. What's in the News The Executive Board plans to propose a special dividend of €1.15 per share for the 2025 financial year, in addition to the regular dividend, at the 2026 Annual General Meeting.
RBI
€38.38
Raiffeisen Bank International
7D
2.8%
1Y
97.7%

RBI: Neutral Stance Will Likely Persist As Profitability Offsets Revenue Pressure

Narrative Update on Raiffeisen Bank International Analysts have lifted their price targets on Raiffeisen Bank International, with one recent move taking the target to €41.50 from €37.10. This change is supported by updated assumptions that show a fair value of €34.93, a P/E of 7.98, slightly softer revenue expectations and a higher profit margin of 23.07%.
MMK
€93.40
Mayr-Melnhof Karton
7D
-2.7%
1Y
23.2%

MMK: Lower Discount Rate Will Support Higher Future Earnings Multiple

Analysts have adjusted their price target on Mayr-Melnhof Karton from €115.00 to €110.00, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E, which result in a slightly lower fair value estimate. Valuation Changes Fair Value Estimate reduced slightly from €115.00 to €110.00, reflecting updated model assumptions.
VOE
€40.00
Voestalpine
7D
4.5%
1Y
133.4%

Voestalpine AG's (VIE:VOE) Share Price Is Matching Sentiment Around Its Revenues

Jan 07
Voestalpine AG's (VIE:VOE) Share Price Is Matching Sentiment Around Its Revenues
POS
€32.85
PORR
7D
-0.9%
1Y
82.1%

These 4 Measures Indicate That PORR (VIE:POS) Is Using Debt Reasonably Well

Jan 06
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BG
€130.70
BAWAG Group
7D
-0.4%
1Y
57.5%

BG: Higher Earnings Guidance Will Test Limited Upside And Execution Risk

Analysts have lifted their fair value estimate for BAWAG Group from €89.03 to €115.00, citing updated assumptions on revenue growth, profit margins and future P/E, along with recent Street price target revisions from €129 to €132 at Citi and from €149 to €146 at Morgan Stanley. Analyst Commentary Street research on BAWAG Group has been mixed, with some price target changes highlighting where more cautious voices see limits to upside.
POST
€32.25
Österreichische Post
7D
1.7%
1Y
10.4%

POST: Soft Consumption Trends Will Constrain Parcel Earnings Momentum And Pressure Shares

Narrative Update: Österreichische Post Analysts have kept their fair value estimate for Österreichische Post steady at €25.60, with only marginal tweaks to underlying assumptions such as revenue growth, profit margins and future P/E. This reflects a view that recent sector research on pricing power and earnings resilience in related consumer and logistics names still supports a similar valuation range.
PAL
€36.70
Palfinger
7D
4.9%
1Y
89.8%
EBS
€104.00
Erste Group Bank
7D
-1.0%
1Y
72.9%

EBS: Upgraded 2025 Guidance Will Likely Magnify Execution And Margin Risks

Erste Group Bank’s analyst price targets have moved higher into a €96 to €102 range, as analysts factor in updated assumptions on revenue growth, profit margins, and a slightly lower future P/E outlook. Analyst Commentary Recent Street research shows a split view on Erste Group Bank, with higher price targets clustered in a €96 to €102 range, but also some more cautious signals on execution and valuation risk.
OMV
€49.16
OMV
7D
1.6%
1Y
25.6%

OMV: Fair Outlook Will Rely On Margin Improvement And Repriced Earnings Multiple

Analysts have raised their price target for OMV from €40.00 to €45.00, citing updated assumptions that include a lower discount rate, reduced revenue growth expectations, an improved profit margin outlook and a higher potential future P/E multiple. Valuation Changes Fair Value Estimate was raised from €40.00 to €45.00 per share, implying a higher central valuation range for OMV.
TKA
€8.94
Telekom Austria
7D
-0.8%
1Y
13.3%
CAI
€24.50
CA Immobilien Anlagen
7D
9.4%
1Y
10.2%