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Austrian (ATX) Market Analysis & Valuation

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies64
  • 7D0.2%
  • 3M7.8%
  • 1Y32.2%
  • YTD31.4%

The market has been flat in the last week, however the Information Technology sector is down 4.7%. As for the longer term, the market has risen 32% in the past 12 months. 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
Sun, 14 Dec 2025€177.8b€177.4b€13.2b15.7x13.5x1x
Tue, 11 Nov 2025€170.8b€177.5b€12.9b14.9x13.3x1x
Thu, 09 Oct 2025€167.7b€178.0b€12.6b15.8x13.3x0.9x
Sat, 06 Sep 2025€163.4b€178.0b€12.6b15x13x0.9x
Mon, 04 Aug 2025€160.8b€175.8b€12.3b14x13x0.9x
Wed, 02 Jul 2025€159.0b€176.8b€13.7b13.4x11.6x0.9x
Fri, 30 May 2025€159.4b€177.1b€13.5b13x11.8x0.9x
Sun, 27 Apr 2025€149.0b€178.3b€13.2b12.8x11.3x0.8x
Tue, 25 Mar 2025€155.7b€178.0b€12.9b12.5x12.1x0.9x
Thu, 20 Feb 2025€151.0b€175.4b€12.1b13.6x12.4x0.9x
Sat, 18 Jan 2025€140.3b€177.0b€12.5b13.3x11.2x0.8x
Mon, 16 Dec 2024€135.6b€177.2b€12.6b13.2x10.8x0.8x
Wed, 13 Nov 2024€133.2b€177.3b€13.1b10.4x10.1x0.8x
Fri, 11 Oct 2024€137.5b€179.0b€13.8b12.4x10x0.8x
Sun, 08 Sep 2024€138.8b€179.0b€13.8b11x10.1x0.8x
Tue, 06 Aug 2024€133.8b€178.2b€13.6b10.7x9.8x0.8x
Thu, 04 Jul 2024€140.6b€180.1b€14.0b10.8x10x0.8x
Sat, 01 Jun 2024€141.7b€180.6b€14.5b11.3x9.8x0.8x
Mon, 29 Apr 2024€136.3b€184.2b€14.4b10.1x9.5x0.7x
Wed, 27 Mar 2024€133.9b€188.2b€14.8b9.5x9.1x0.7x
Fri, 23 Feb 2024€131.2b€190.5b€15.3b8.7x8.6x0.7x
Sun, 21 Jan 2024€133.6b€195.4b€15.9b8.7x8.4x0.7x
Tue, 19 Dec 2023€135.6b€195.5b€15.9b8.8x8.5x0.7x
Thu, 16 Nov 2023€133.8b€195.2b€15.7b9.3x8.5x0.7x
Sat, 14 Oct 2023€130.3b€203.7b€15.5b9.9x8.4x0.6x
Mon, 11 Sep 2023€128.1b€200.4b€15.3b10.4x8.4x0.6x
Wed, 09 Aug 2023€127.5b€199.3b€15.9b11x8x0.6x
Fri, 07 Jul 2023€124.9b€202.7b€17.1b10.8x7.3x0.6x
Sun, 04 Jun 2023€126.1b€202.3b€17.4b11.7x7.3x0.6x
Tue, 02 May 2023€132.2b€195.7b€17.2b13.2x7.7x0.7x
Thu, 30 Mar 2023€126.3b€202.1b€17.4b12.8x7.3x0.6x
Sat, 25 Feb 2023€135.3b€200.4b€17.3b14x7.8x0.7x
Mon, 23 Jan 2023€129.4b€197.6b€17.0b13.8x7.6x0.7x
Wed, 21 Dec 2022€123.3b€197.6b€17.0b13.2x7.3x0.6x
Price to Earnings Ratio

7.3x


Total Market Cap: €123.3bTotal Earnings: €17.0bTotal Revenue: €197.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Austrian Market Price to Earnings3Y Average 9.9x202320242025
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 13.5x which is higher than its 3-year average PE of 9.9x.
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 3.5% 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 Market0.24%
Financials2.34%
Materials0.93%
Telecom0.82%
Consumer Discretionary0.73%
Healthcare0%0
Energy-0.32%
Consumer Staples-0.76%
Industrials-1.56%
Real Estate-2.17%
Utilities-3.33%
Tech-4.72%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 32.8%, 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 7.6% 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€59.3014.7%
+€972.8m		101.0%PE11.3xFinancials
RBI Raiffeisen Bank International€37.106.5%
+€748.6m		83.1%PB0.6xFinancials
VOE Voestalpine€38.842.6%
+€171.5m		106.4%PE35.4xMaterials
BG BAWAG Group€121.301.5%
+€138.5m		51.1%PB2xFinancials
TKA Telekom Austria€8.680.8%
+€46.5m		11.7%PE8.8xTelecom
See more

Market Insights

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ANDR
€62.75
Andritz
7D
-3.6%
1Y
27.5%

ANDR: Order Backlog Strength Will Support Earnings Upside Ahead

Analysts have modestly increased their fair value estimate for Andritz, lifting the price target from EUR 80.0 to EUR 82.3. This adjustment is supported by expectations for stronger revenue growth and a slightly higher future P/E multiple, despite a marginally higher discount rate and stable profit margins. Analyst Commentary Recent research updates point to a constructive outlook on Andritz, with bullish analysts highlighting improving revenue visibility, resilient margins, and disciplined capital allocation as key supports for the higher valuation range.
VER
€61.60
VERBUND
7D
-3.9%
1Y
-12.6%

VER: Fair Outlook Will Balance Hold Upgrades And Special Dividend Expectations

Analysts have modestly increased their price target on VERBUND to EUR 56.0 from EUR 55.3. This reflects a slightly higher fair value driven by improving margin expectations and recent rating upgrades to Hold across the Street. Analyst Commentary Recent Street research signals a shift from overtly negative stances toward a more neutral, wait and see posture, with multiple bearish analysts moving their recommendations up to Hold while still flagging downside risks to earnings and valuation.
FLU
€53.60
Flughafen Wien
7D
-2.5%
1Y
0.4%

FLU: Rising Passenger Volumes Will Support Future Earnings Upside

Analysts have modestly trimmed their price target on Flughafen Wien, lowering fair value by EUR 1.50 per share to EUR 60.90. They are factoring in slightly softer long term revenue growth and profit margin expectations while keeping valuation multiples broadly unchanged.
RBI
€37.10
Raiffeisen Bank International
7D
6.5%
1Y
83.1%

RBI: Share Gains Will Likely Stall After Discount Rate Cut

Analysts have modestly raised their price target on Raiffeisen Bank International to EUR 32.21 from EUR 30.68, citing a slightly lower discount rate and marginally improved revenue and profit expectations, even as they flag more limited upside from current share levels. Analyst Commentary Analysts remain divided on Raiffeisen Bank International, balancing modestly improved fundamentals against a more constrained upside from current trading levels.
BTS
€67.00
BTV Vier Länder Bank
7D
1.5%
1Y
20.7%
VIG
€59.30
Vienna Insurance Group
7D
14.7%
1Y
101.0%

VIG: Future Margin Gains Likely Insufficient To Justify Current Pricing

Analysts have raised their price target for Vienna Insurance Group from €44.63 to €49.73, citing slightly faster expected revenue growth, modestly higher profit margins and a somewhat richer future earnings multiple as key drivers of the upgrade. Valuation Changes Fair Value has risen moderately from €44.63 to €49.73, reflecting a higher intrinsic valuation for Vienna Insurance Group.
TKA
€8.68
Telekom Austria
7D
0.8%
1Y
11.7%
LNZ
€22.50
Lenzing
7D
-6.3%
1Y
-24.5%
UQA
€14.84
UNIQA Insurance Group
7D
0.5%
1Y
100.3%
ATS
€30.25
AT & S Austria Technologie & Systemtechnik
7D
-5.5%
1Y
120.0%
PAL
€33.90
Palfinger
7D
1.5%
1Y
71.7%
CAI
€22.72
CA Immobilien Anlagen
7D
-4.6%
1Y
-3.3%
POS
€30.45
PORR
7D
-5.6%
1Y
66.9%
BG
€121.30
BAWAG Group
7D
1.5%
1Y
51.1%
EBS
€95.50
Erste Group Bank
7D
-0.3%
1Y
61.6%
VOE
€38.84
Voestalpine
7D
2.6%
1Y
106.4%

Estimating The Fair Value Of Voestalpine AG (VIE:VOE)

Dec 05
Estimating The Fair Value Of Voestalpine AG (VIE:VOE)