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Austrian (ATX) Market Analysis & Valuation

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies65
  • 7D2.3%
  • 3M11.2%
  • 1Y37.2%
  • YTD34.4%

The market is up 2.3% over the last week, with the Financials sector leading the way, up 4.2%. In the last year, the market has climbed 37%. 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
Sun, 21 Dec 2025€181.9b€177.4b€13.2b15.5x13.8x1x
Tue, 18 Nov 2025€170.1b€177.3b€13.0b14.8x13.1x1x
Thu, 16 Oct 2025€166.3b€178.0b€12.6b15.2x13.2x0.9x
Sat, 13 Sep 2025€165.2b€178.0b€12.6b15.5x13.1x0.9x
Mon, 11 Aug 2025€168.0b€175.6b€12.3b15.2x13.6x1x
Wed, 09 Jul 2025€158.0b€176.7b€13.7b13.6x11.5x0.9x
Fri, 06 Jun 2025€158.7b€177.1b€13.5b12.9x11.7x0.9x
Sun, 04 May 2025€151.8b€178.4b€13.0b13.1x11.6x0.9x
Tue, 01 Apr 2025€149.0b€177.9b€13.3b12.3x11.2x0.8x
Thu, 27 Feb 2025€153.9b€175.6b€12.1b13.6x12.7x0.9x
Sat, 25 Jan 2025€142.1b€177.0b€12.5b13.7x11.4x0.8x
Mon, 23 Dec 2024€133.7b€177.1b€12.5b13.2x10.7x0.8x
Wed, 20 Nov 2024€133.4b€177.0b€12.8b11.2x10.5x0.8x
Fri, 18 Oct 2024€138.3b€179.0b€13.7b11.9x10.1x0.8x
Sun, 15 Sep 2024€138.7b€179.0b€13.8b12x10.1x0.8x
Tue, 13 Aug 2024€138.7b€178.2b€13.5b10.8x10.2x0.8x
Thu, 11 Jul 2024€140.4b€180.1b€14.0b11.3x10x0.8x
Sat, 08 Jun 2024€140.6b€180.1b€14.0b11.4x10x0.8x
Mon, 06 May 2024€138.1b€181.7b€14.6b10.2x9.5x0.8x
Wed, 03 Apr 2024€135.1b€188.3b€14.6b9.7x9.3x0.7x
Fri, 01 Mar 2024€130.7b€190.7b€15.2b8.9x8.6x0.7x
Sun, 28 Jan 2024€135.9b€195.4b€15.9b8.6x8.6x0.7x
Tue, 26 Dec 2023€136.4b€195.5b€15.9b8.9x8.6x0.7x
Thu, 23 Nov 2023€131.6b€195.3b€15.7b8.9x8.4x0.7x
Sat, 21 Oct 2023€126.5b€203.8b€15.5b9.4x8.1x0.6x
Mon, 18 Sep 2023€130.8b€203.5b€15.5b10.8x8.5x0.6x
Wed, 16 Aug 2023€126.7b€199.0b€15.4b12.1x8.2x0.6x
Fri, 14 Jul 2023€126.4b€202.7b€17.1b10.9x7.4x0.6x
Sun, 11 Jun 2023€126.3b€202.4b€17.1b11.9x7.4x0.6x
Tue, 09 May 2023€131.9b€201.0b€17.2b13.3x7.7x0.7x
Thu, 06 Apr 2023€129.7b€202.3b€17.2b13.3x7.5x0.6x
Sat, 04 Mar 2023€137.0b€200.2b€17.5b14x7.8x0.7x
Mon, 30 Jan 2023€131.7b€197.6b€17.0b14.1x7.8x0.7x
Wed, 28 Dec 2022€125.4b€197.5b€17.0b13.5x7.4x0.6x
Price to Earnings Ratio

7.4x


Total Market Cap: €125.4bTotal Earnings: €17.0bTotal Revenue: €197.5bTotal 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 13.8x 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 Market2.26%
Financials4.17%
Industrials1.94%
Utilities1.64%
Real Estate1.17%
Tech0.90%
Materials0.33%
Healthcare0%0
Telecom-0.71%
Energy-1.87%
Consumer Discretionary-2.27%
Consumer Staples-3.46%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.8x.
    • 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 7.5% 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
EBS Erste Group Bank€101.206.0%
+€2.2b		71.9%PB1.5xFinancials
VIG Vienna Insurance Group€64.007.9%
+€601.6m		112.6%PE12.2xFinancials
ANDR Andritz€65.654.6%
+€282.9m		36.1%PE14xIndustrials
BG BAWAG Group€124.802.9%
+€269.4m		57.0%PB2xFinancials
EVN EVN€28.305.4%
+€258.5m		34.1%PE11.1xUtilities
See more

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Latest News

BG
€124.80
BAWAG Group
7D
2.9%
1Y
57.0%

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
€46.34
OMV
7D
-1.9%
1Y
27.4%

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.
UQA
€15.44
UNIQA Insurance Group
7D
4.0%
1Y
100.5%

UQA: Future Profitability Will Improve While Overall Outlook Remains Balanced

Analysts have raised their price target on UNIQA Insurance Group from €15.50 to €17.00, citing expectations of stronger profitability supported by an improved profit margin outlook and a slightly lower forward P E multiple, despite moderating revenue growth assumptions and a marginally higher discount rate. Valuation Changes Fair Value: raised slightly from €15.50 to €17.00, reflecting a modestly higher intrinsic valuation.
VOE
€37.96
Voestalpine
7D
-2.3%
1Y
111.0%

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.
VIG
€64.00
Vienna Insurance Group
7D
7.9%
1Y
112.6%
EBS
€101.20
Erste Group Bank
7D
6.0%
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.
EVN
€28.30
EVN
7D
5.4%
1Y
34.1%

EVN: Higher Margins And Lower Multiple Will Drive Attractive Future Upside

Analysts have trimmed their price target on EVN by roughly 8 percent, from about $32.88 to $30.27. This reflects lower expected revenue growth, partially offset by a slightly higher profit margin outlook and a modestly lower future P/E multiple.
ANDR
€65.65
Andritz
7D
4.6%
1Y
36.1%

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
€62.10
VERBUND
7D
0.8%
1Y
-10.7%

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.
FACC
€11.20
FACC
7D
-3.6%
1Y
93.1%

FACC: Higher Margins And Lower Risk Will Drive Future Upside Potential

Analysts have raised their price target on FACC from €12.00 to €15.00, citing expectations of stronger revenue growth, expanding profit margins, a lower perceived risk profile, and a modestly more favorable future earnings multiple. Valuation Changes Fair Value: increased markedly from €12.00 to €15.00, reflecting a higher assessed intrinsic value per share.
TKA
€8.65
Telekom Austria
7D
-0.3%
1Y
12.8%
PKTM
€15.74
PIERER Mobility
7D
-3.0%
1Y
6.0%
ETS
€4.54
EuroTeleSites
7D
-3.4%
1Y
-7.3%
PAL
€32.25
Palfinger
7D
-4.9%
1Y
74.1%
AGR
€11.05
AGRANA Beteiligungs-Aktiengesellschaft
7D
-5.6%
1Y
4.7%
DOC
€206.00
DO & CO
7D
9.1%
1Y
14.6%