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Austrian (ATX) Market Analysis & Valuation

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies65
  • 7D4.9%
  • 3M6.4%
  • 1Y40.3%
  • YTD7.3%

The market has climbed 4.9% in the last 7 days, lead by the Financials sector with a gain of 10.0%. On the other hand, with a decline of 5.3%, the Energy sector is lagging behind. The market is up 40% over the last 12 months. As for the next few years, earnings are expected to grow by 9.5% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026€201.1b€167.5b€14.5b17x13.9x1.2x
Fri, 13 Mar 2026€187.4b€167.6b€14.5b16.8x13x1.1x
Sun, 08 Feb 2026€194.6b€167.4b€14.1b16x13.8x1.2x
Tue, 06 Jan 2026€187.1b€176.0b€13.2b16.1x14.2x1.1x
Thu, 04 Dec 2025€176.9b€177.4b€13.2b15.4x13.4x1x
Sat, 01 Nov 2025€170.3b€177.7b€13.1b15x13x1x
Mon, 29 Sep 2025€165.5b€178.0b€12.6b15.6x13.2x0.9x
Wed, 27 Aug 2025€166.3b€175.7b€12.5b15.4x13.3x0.9x
Fri, 25 Jul 2025€163.1b€176.9b€13.8b13.7x11.9x0.9x
Sun, 22 Jun 2025€156.1b€176.8b€13.7b13.4x11.4x0.9x
Tue, 20 May 2025€160.6b€179.1b€13.2b12.9x12.1x0.9x
Thu, 17 Apr 2025€145.6b€178.4b€13.2b12.8x11x0.8x
Sat, 15 Mar 2025€157.2b€176.7b€12.7b13.6x12.4x0.9x
Mon, 10 Feb 2025€143.3b€175.4b€12.1b13.8x11.8x0.8x
Wed, 08 Jan 2025€136.1b€177.0b€12.5b13.4x10.9x0.8x
Fri, 06 Dec 2024€134.3b€177.2b€12.6b13.2x10.6x0.8x
Sun, 03 Nov 2024€134.5b€178.4b€13.5b10.4x10x0.8x
Tue, 01 Oct 2024€138.8b€179.0b€13.8b12.4x10.1x0.8x
Thu, 29 Aug 2024€142.6b€178.8b€13.5b11.4x10.6x0.8x
Sat, 27 Jul 2024€139.9b€178.6b€13.6b11x10.3x0.8x
Mon, 24 Jun 2024€138.7b€180.1b€14.0b11.1x9.9x0.8x
Wed, 22 May 2024€143.5b€180.6b€14.5b11.3x9.9x0.8x
Fri, 19 Apr 2024€135.9b€188.2b€14.4b9.7x9.4x0.7x
Sun, 17 Mar 2024€132.2b€188.1b€14.7b9.3x9x0.7x
Tue, 13 Feb 2024€130.7b€190.6b€15.4b8.6x8.5x0.7x
Thu, 11 Jan 2024€138.4b€195.3b€15.9b8.7x8.7x0.7x
Sat, 09 Dec 2023€134.4b€195.5b€15.7b8.8x8.5x0.7x
Mon, 06 Nov 2023€131.0b€197.2b€15.6b9.4x8.4x0.7x
Wed, 04 Oct 2023€128.3b€203.6b€15.5b9.9x8.3x0.6x
Fri, 01 Sep 2023€128.2b€199.9b€15.3b11.4x8.4x0.6x
Sun, 30 Jul 2023€128.9b€203.1b€17.2b10.7x7.5x0.6x
Tue, 27 Jun 2023€123.3b€202.6b€17.1b11.5x7.2x0.6x
Thu, 25 May 2023€126.9b€202.2b€17.4b11.9x7.3x0.6x
Sat, 22 Apr 2023€132.0b€203.0b€17.2b13.8x7.7x0.7x
Price to Earnings Ratio

7.7x


Total Market Cap: €132.0bTotal Earnings: €17.2bTotal Revenue: €203.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Austrian Market Price to Earnings3Y Average 10.5x202420252026
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 10.5x.
Past Earnings Growth
  • The earnings for companies in the Austrian industry have declined 5.5% per year over the last three years.
  • Revenues have also declined 6.2% 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 Market6.05%
Tech16.40%
Financials12.41%
Materials10.22%
Industrials7.28%
Real Estate2.98%
Consumer Discretionary2.18%
Telecom2.13%
Healthcare0%0
Consumer Staples-0.43%
Utilities-4.31%
Energy-7.26%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 29.6x.
    • Analysts expect its future annual earnings growth (113.9%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading below its 3-year average of 5.3x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 114% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 19% 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€106.2012.6%
+€4.6b		69.5%PB1.6xFinancials
RBI Raiffeisen Bank International€45.8821.4%
+€2.7b		108.5%PB0.7xFinancials
BG BAWAG Group€151.8016.1%
+€1.6b		71.4%PB2.4xFinancials
STR Strabag€94.208.3%
+€831.2m		34.0%PE13.2xIndustrials
VOE Voestalpine€42.7411.5%
+€754.4m		98.6%PE32.5xMaterials
See more

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BG
€151.80
BAWAG Group
7D
16.1%
1Y
71.4%
RBI
€45.88
Raiffeisen Bank International
7D
21.4%
1Y
108.5%
BHD
€83.50
Burgenland Holding
7D
-0.6%
1Y
22.8%
OMV
€58.80
OMV
7D
-7.5%
1Y
38.5%

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VER
€63.85
VERBUND
7D
-4.8%
1Y
-2.4%

VER: Dividend Outlook And 2026 Guidance Will Support Upside Despite Cautious Margins

Analysts have trimmed VERBUND's fair value estimate by about €0.53 per share. This reflects slightly softer profit margin assumptions and a series of recent price target cuts and downgrades, while revenue growth expectations and future P/E assumptions remain largely unchanged.
VIG
€67.70
Vienna Insurance Group
7D
8.7%
1Y
76.5%

VIG: Index Inclusion And Dividend Policy Will Shape Measured Future Upside Potential

Analysts have kept their price target for Vienna Insurance Group steady at €69.38. This reflects unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations.
ANDR
€67.80
Andritz
7D
12.1%
1Y
27.0%

ANDR: Execution On 2026 Guidance And Dividend Payout Will Support Earnings Upside

Analysts have trimmed the blended price target for Andritz by a few euros, reflecting mixed recent calls. These include a downgrade to Neutral and a small cut to one large bank target, partially offset by another firm's higher target, while underlying fair value assumptions remain broadly unchanged.
STR
€94.20
Strabag
7D
8.3%
1Y
34.0%

STR: Raised Margin Guidance And Major Projects Will Support Future Upside

Analysts have updated their stance on Strabag, resulting in a lower analyst rating and a refreshed price target of €108.90 that reflects a slightly higher discount rate and updated assumptions for revenue growth, profit margin and future P/E. Analyst Commentary The latest rating change to Accumulate, alongside a price target of €108.90, indicates that analysts still see upside potential, but with a more measured view on execution and valuation risk.
AGR
€11.90
AGRANA Beteiligungs-Aktiengesellschaft
7D
-0.8%
1Y
10.2%
VOE
€42.74
Voestalpine
7D
11.5%
1Y
98.6%

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The updated analyst fair value estimate for Voestalpine has moved from €38.66 to €57.00. This reflects a higher assumed future P/E of 19.70, even as analysts factor in lower revenue growth and profit margin expectations, along with recent mixed rating and price target changes across the Street.
EVN
€28.45
EVN
7D
-2.1%
1Y
32.9%

EVN: Public Interest Mandate And 2026 Guidance Will Support Future Upside

Analysts have maintained their price target for EVN at €35.50, noting only minor adjustments to revenue growth, profit margin and future P/E assumptions that do not materially change their view of the stock's valuation. What's in the News EVN issued earnings guidance for fiscal 2026, indicating an expected group net result in a range of €430 million to €480 million, assuming a stable regulatory and energy policy backdrop (Corporate Guidance).
POST
€34.05
Österreichische Post
7D
-2.7%
1Y
7.1%

POST: Lower Future P/E Assumptions Will Limit Upside For Shares

Analysts have adjusted their price target for Österreichische Post to €26.10 from €25.60. They cited updated assumptions for revenue growth, profit margins, and a lower future P/E multiple.
EBS
€106.20
Erste Group Bank
7D
12.6%
1Y
69.5%

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Erste Group Bank's analyst price target has been revised slightly to €107.69, with analysts citing recent target increases to €119 and €122 as support for maintaining a constructive view on the shares. Analyst Commentary Recent commentary from major brokers points to a constructive tone on Erste Group Bank, with price targets now cited at €119 and €122.
UQA
€16.96
UNIQA Insurance Group
7D
9.6%
1Y
77.4%
GHC
€3.80
Gallmetzer HealthCare
7D
-5.0%
1Y
n/a
RWT
€2.40
RWT
7D
-4.0%
1Y
n/a