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Austrian (ATX) Market Analysis & Valuation

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies65
  • 7D0.3%
  • 3M10.5%
  • 1Y36.1%
  • YTD34.9%

The market has been flat over the last week. Meanwhile, the market is actually up 36% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025€182.5b€177.0b€13.2b15.5x13.8x1x
Wed, 26 Nov 2025€173.3b€177.4b€13.0b15.4x13.3x1x
Fri, 24 Oct 2025€166.2b€178.1b€12.6b15.8x13.2x0.9x
Sun, 21 Sep 2025€164.2b€178.1b€12.5b15.8x13.1x0.9x
Tue, 19 Aug 2025€169.8b€175.6b€12.3b16.2x13.8x1x
Thu, 17 Jul 2025€159.2b€176.7b€13.7b13.7x11.6x0.9x
Sat, 14 Jun 2025€157.6b€176.8b€13.7b13.4x11.5x0.9x
Mon, 12 May 2025€157.1b€178.6b€13.1b13.1x12x0.9x
Wed, 09 Apr 2025€138.1b€178.0b€13.3b11.7x10.4x0.8x
Fri, 07 Mar 2025€156.7b€176.0b€12.2b13.8x12.9x0.9x
Sun, 02 Feb 2025€143.4b€177.0b€12.5b13.6x11.5x0.8x
Tue, 31 Dec 2024€135.8b€177.0b€12.5b13x10.9x0.8x
Thu, 28 Nov 2024€134.1b€177.3b€12.7b13x10.6x0.8x
Sat, 26 Oct 2024€137.5b€179.1b€13.7b12.7x10x0.8x
Mon, 23 Sep 2024€138.0b€179.1b€13.8b12.1x10x0.8x
Wed, 21 Aug 2024€141.1b€178.4b€13.4b11.3x10.5x0.8x
Fri, 19 Jul 2024€140.6b€180.2b€14.0b10.7x10.1x0.8x
Sun, 16 Jun 2024€136.8b€180.1b€14.0b11.3x9.8x0.8x
Tue, 14 May 2024€140.7b€180.7b€14.7b10.5x9.6x0.8x
Thu, 11 Apr 2024€136.0b€188.2b€14.5b9.8x9.4x0.7x
Sat, 09 Mar 2024€131.9b€191.4b€15.5b8.9x8.5x0.7x
Mon, 05 Feb 2024€135.0b€193.6b€15.4b8.5x8.7x0.7x
Wed, 03 Jan 2024€136.4b€195.3b€15.9b8.7x8.6x0.7x
Fri, 01 Dec 2023€133.8b€195.4b€15.8b8.8x8.5x0.7x
Sun, 29 Oct 2023€126.2b€204.0b€15.8b9.2x8x0.6x
Tue, 26 Sep 2023€128.1b€203.6b€15.5b11.1x8.3x0.6x
Thu, 24 Aug 2023€126.7b€199.0b€15.4b12.8x8.2x0.6x
Sat, 22 Jul 2023€129.0b€202.8b€17.2b10.8x7.5x0.6x
Mon, 19 Jun 2023€127.4b€202.6b€17.1b11.8x7.4x0.6x
Wed, 17 May 2023€127.9b€201.8b€17.2b12.1x7.4x0.6x
Fri, 14 Apr 2023€131.2b€202.3b€17.2b13.8x7.6x0.6x
Sun, 12 Mar 2023€135.9b€200.6b€17.4b13.3x7.8x0.7x
Tue, 07 Feb 2023€131.3b€198.7b€17.6b14.1x7.5x0.7x
Thu, 05 Jan 2023€126.5b€197.5b€17.0b13.6x7.5x0.6x
Price to Earnings Ratio

7.5x


Total Market Cap: €126.5bTotal Earnings: €17.0bTotal Revenue: €197.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Austrian Market Price to Earnings3Y Average 10x20242025
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 13.8x 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 3.6% 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 Market0.33%
Telecom2.40%
Tech2.10%
Energy1.16%
Industrials0.92%
Consumer Staples0.72%
Financials0.59%
Healthcare0%0
Real Estate-0.36%
Materials-1.05%
Consumer Discretionary-1.10%
Utilities-1.35%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 32.7%, 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 98% 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 7.7% 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
VIG Vienna Insurance Group€66.003.1%
+€256.0m		119.3%PE12.6xFinancials
OMV OMV€46.901.2%
+€183.1m		26.0%PE13.5xEnergy
STR Strabag€79.701.8%
+€161.6m		98.8%PE11.1xIndustrials
TKA Telekom Austria€8.872.5%
+€146.1m		15.0%PE9xTelecom
RBI Raiffeisen Bank International€37.661.1%
+€131.3m		93.6%PB0.6xFinancials
See more

Market Insights

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ANDR
€66.05
Andritz
7D
0.6%
1Y
35.9%

ANDR: Higher Revenue Outlook Will Test Confidence In Richer Earnings Multiple

Analysts have raised their price target on Andritz from approximately EUR 49 to EUR 71. This reflects increased confidence in higher revenue growth, slightly improved profitability, and a richer future valuation multiple supported by recent Street research and upward target revisions.
VER
€61.65
VERBUND
7D
-0.7%
1Y
-12.7%

VER: Hold Upgrades Will Limit Future Upside Despite Special Dividend

Analysts have modestly raised their price target on VERBUND to EUR 60, citing recent upgrades to Hold and a more balanced view of revenue growth and profitability despite only minor model assumption changes. Analyst Commentary Recent rating actions reflect a shift from a clearly negative stance toward a more neutral positioning, with upgrades to Hold accompanied by price targets in the EUR 60 to EUR 64.40 range.
FLU
€55.80
Flughafen Wien
7D
1.1%
1Y
3.7%

FLU: Future Earnings Will Reflect Runway Cancellation And Solid Passenger Trends

Analysts have nudged their price target on Flughafen Wien slightly higher to €60.90, reflecting incremental improvements in long term revenue growth and profit margin expectations while maintaining a similar valuation multiple. What's in the News Flughafen Wien AG has decided not to proceed with the planned third runway project.
RBI
€37.66
Raiffeisen Bank International
7D
1.1%
1Y
93.6%

RBI: Future Returns Will Likely Be Capped After Equal Weight Downgrade

Analysts have nudged their average price target for Raiffeisen Bank International slightly higher to EUR 22.40 from EUR 22.00. This reflects modestly improved valuation assumptions despite a more cautious stance on upside potential.
DOC
€205.00
DO & CO
7D
-0.5%
1Y
14.1%

Is DO & CO (VIE:DOC) Using Too Much Debt?

Dec 25
Is DO & CO (VIE:DOC) Using Too Much Debt?
EVN
€27.15
EVN
7D
-4.1%
1Y
24.3%

Weak Statutory Earnings May Not Tell The Whole Story For EVN (VIE:EVN)

Dec 25
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VIG
€66.00
Vienna Insurance Group
7D
3.1%
1Y
119.3%

VIG: Future Margin Improvement Likely To Leave Shares Overpriced

Analysts have raised their 12 month price target on Vienna Insurance Group from €49.73 to €56.38. This reflects increased confidence in improving profit margins and a slightly more attractive forward valuation multiple.
WIE
€30.06
Wienerberger
7D
-1.2%
1Y
14.5%

WIE: Slower Housing Recovery And Energy Costs Will Shape Balanced Return Outlook

Analysts have modestly reduced their consolidated price target for Wienerberger, trimming it by a few euros to reflect more cautious assumptions around a slower residential recovery, rising energy costs, and slightly lower long term revenue growth expectations. Analyst Commentary Recent research updates present a mixed but generally constructive view on Wienerberger, with modestly lower price targets reflecting a recalibration of growth and profitability assumptions rather than a fundamental shift in the long term investment case.
BG
€126.00
BAWAG Group
7D
1.0%
1Y
56.8%

BG: Earnings Strength And Capital Returns Will Drive Further Upside

Analysts have slightly reduced their price target for BAWAG Group to EUR 146 from EUR 149. This reflects a modestly lower long term revenue growth outlook, partially offset by expectations of stronger profit margins and a lower future valuation multiple.
OMV
€46.90
OMV
7D
1.2%
1Y
26.0%

OMV: Margin Resilience Will Drive Future Upside As Macro Risks Ease

Analysts have nudged their fair value estimate for OMV slightly higher, with the target rising by about EUR 0.60 to EUR 51.55, as they factor in a modestly improved profit margin outlook and recent upward revisions to price targets on the Street. Analyst Commentary Recent Street research has highlighted a more constructive view on OMV's valuation, even as some analysts remain cautious on the company’s long term growth and competitive positioning.
VOE
€37.30
Voestalpine
7D
-1.7%
1Y
105.4%

VOE: EU Steel Import Cuts And Policy Support Will Shape Future Performance

Analysts have modestly lifted their price target on Voestalpine to approximately EUR 37.60 from about EUR 36.50, citing a lower perceived discount rate, slightly stronger long term revenue growth expectations, and recent Street research that highlights supportive European steel policy along with incremental target increases from major banks. Analyst Commentary Bullish analysts emphasize that the recent series of target hikes reinforces a constructive view on Voestalpine's medium term earnings power, especially as supportive European steel policy underpins pricing assumptions and narrows perceived downside risk in cyclical scenarios.
STR
€79.70
Strabag
7D
1.8%
1Y
98.8%

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EBS
€101.10
Erste Group Bank
7D
-0.1%
1Y
71.9%

EBS: Rising Price Expectations Will Likely Expose Fragile Earnings Momentum

Analysts have lifted their fair value estimate for Erste Group Bank from EUR 62.0 to EUR 75.6, citing stronger expected revenue growth and higher long term valuation multiples, as reflected in a series of recent price target increases across the Street. Analyst Commentary Recent Street research on Erste Group Bank reflects a more mixed backdrop, with rising price targets at some major firms set against a clear shift toward caution from other quarters.
POST
€30.80
Österreichische Post
7D
-0.8%
1Y
7.7%

POST: Slowing Parcel Demand Will Cap Earnings Momentum And Pressure Shares

Analysts have nudged their fair value estimate for Österreichische Post higher, from €25.00 to €25.60. This reflects slightly stronger expected revenue growth and profit margins, despite a modestly higher discount rate and only a small uplift in projected future valuation multiples.
TKA
€8.87
Telekom Austria
7D
2.5%
1Y
15.0%
CAI
€22.66
CA Immobilien Anlagen
7D
-0.6%
1Y
-3.2%