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Belgian (BEL20) Market Analysis & Valuation

UpdatedSep 30, 2024
DataAggregated Company Financials
Companies168
  • 7D2.5%
  • 3M7.2%
  • 1Y10.9%
  • YTD7.2%

Over the last 7 days, the market has risen 2.5%, driven by gains of 4.6% in the Consumer Staples sector. As for the past 12 months, the market is up 11%. Earnings are forecast to grow by 19% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Sep 2024€395.2b€229.6b€21.0b14.6x18.8x1.7x
Wed, 28 Aug 2024€374.1b€227.3b€20.3b14x18.4x1.6x
Fri, 26 Jul 2024€378.0b€231.6b€21.3b15.9x17.8x1.6x
Sun, 23 Jun 2024€366.8b€232.7b€21.3b15.9x17.2x1.6x
Tue, 21 May 2024€385.0b€232.4b€21.2b14.8x18.2x1.7x
Thu, 18 Apr 2024€359.5b€233.9b€21.8b15.5x16.5x1.5x
Sat, 16 Mar 2024€356.7b€237.1b€21.5b13.4x16.6x1.5x
Mon, 12 Feb 2024€365.7b€253.4b€23.8b13.6x15.4x1.4x
Wed, 10 Jan 2024€361.5b€248.0b€23.0b12.9x15.7x1.5x
Fri, 08 Dec 2023€354.6b€240.0b€21.5b13.5x16.5x1.5x
Sun, 05 Nov 2023€336.6b€239.0b€21.4b13.6x15.7x1.4x
Tue, 03 Oct 2023€339.2b€242.3b€21.8b12.7x15.6x1.4x
Thu, 31 Aug 2023€343.3b€233.8b€22.1b12.9x15.5x1.5x
Sat, 29 Jul 2023€350.7b€235.1b€24.4b11.6x14.4x1.5x
Mon, 26 Jun 2023€333.7b€235.1b€24.5b11.4x13.6x1.4x
Wed, 24 May 2023€348.0b€235.9b€24.6b11.8x14.1x1.5x
Fri, 21 Apr 2023€364.1b€232.4b€23.0b12.2x15.8x1.6x
Sun, 19 Mar 2023€322.4b€230.5b€20.7b14.5x15.5x1.4x
Tue, 14 Feb 2023€357.8b€231.4b€24.7b10.5x14.5x1.5x
Thu, 12 Jan 2023€354.2b€230.5b€24.9b10x14.2x1.5x
Sat, 10 Dec 2022€346.5b€231.5b€25.2b9.7x13.8x1.5x
Mon, 07 Nov 2022€331.3b€235.8b€25.4b9x13x1.4x
Wed, 05 Oct 2022€318.1b€231.8b€24.1b8.5x13.2x1.4x
Fri, 02 Sep 2022€328.0b€233.5b€26.5b8.9x12.4x1.4x
Sun, 31 Jul 2022€349.0b€228.9b€26.0b9.7x13.4x1.5x
Tue, 28 Jun 2022€342.1b€221.2b€25.7b10.2x13.3x1.5x
Thu, 26 May 2022€360.0b€220.8b€25.8b11.3x14x1.6x
Sat, 23 Apr 2022€385.4b€219.1b€26.4b13.3x14.6x1.8x
Mon, 21 Mar 2022€378.2b€216.8b€26.2b13.6x14.4x1.7x
Wed, 16 Feb 2022€376.6b€211.6b€24.5b14.7x15.4x1.8x
Fri, 14 Jan 2022€375.2b€210.9b€23.9b15x15.7x1.8x
Sun, 12 Dec 2021€361.3b€212.1b€24.1b15.1x15x1.7x
Tue, 09 Nov 2021€379.5b€210.1b€24.0b15.2x15.8x1.8x
Thu, 07 Oct 2021€360.0b€208.2b€24.6b14.2x14.7x1.7x
Price to Earnings Ratio

14.7x


Total Market Cap: €360.0bTotal Earnings: €24.6bTotal Revenue: €208.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Market Price to Earnings3Y Average 15.2x202220232024
Current Market PE
  • Investors are optimistic on the Belgian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 18.8x which is higher than its 3-year average PE of 15.2x.
Past Earnings Growth
  • The earnings for Belgian listed companies have declined 5.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Belgian Market?

BE Market2.50%
Materials6.57%
Consumer Staples4.63%
Industrials3.84%
Consumer Discretionary3.75%
Utilities2.89%
Telecom1.26%
Energy1.14%
Financials0.90%
Real Estate0.87%
Tech0.24%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Healthcare-0.72%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 249x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.8%, which is higher than its past year's earnings growth of 15.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 60% 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
ABI Anheuser-Busch InBev€59.625.3%
+€6.0b
13.5%PE22.1xConsumer Staples
SYENS Syensqo€79.6111.6%
+€871.2m
n/aPE380.8xMaterials
DIE D'Ieteren Group€196.903.9%
+€392.8m
23.1%PE27.5xConsumer Discretionary
AZE Azelis Group€19.968.4%
+€378.0m
6.7%PE28.8xIndustrials
KBC KBC Group€71.821.3%
+€358.6m
21.4%PB1.2xFinancials
See more
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UCB

€161.35

UCB

7D

-0.8%

1Y

108.1%

UMI

€11.94

Umicore

7D

13.6%

1Y

-46.8%

AZE

€19.96

Azelis Group

7D

8.4%

1Y

6.7%

ARGX

€478.70

argenx

7D

-0.7%

1Y

3.9%

MONT

€74.00

Montea Comm. VA

7D

-1.9%

1Y

10.0%

DIE

€196.90

D'Ieteren Group

7D

3.9%

1Y

23.1%

TUB

€131.20

Financière de Tubize

7D

-1.1%

1Y

92.7%

GBLB

€70.90

Groupe Bruxelles Lambert

7D

3.4%

1Y

0.5%

ABI

€59.62

Anheuser-Busch InBev

7D

5.3%

1Y

13.5%

017250539

€31.40

BNP Paribas Fortis

7D

-0.6%

1Y

-23.8%