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Belgian (BEL20) Market Analysis & Valuation

UpdatedAug 04, 2024
DataAggregated Company Financials
Companies167
  • 7D-0.8%
  • 3M1.5%
  • 1Y3.5%
  • YTD2.8%

Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 4.1% in that time. More promisingly, the market is up 3.5% over the past year. Looking forward, 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
Sun, 04 Aug 2024€373.2b€228.9b€20.4b16.6x18.3x1.6x
Tue, 02 Jul 2024€365.5b€232.4b€21.3b14.6x17.2x1.6x
Thu, 30 May 2024€373.6b€232.8b€21.2b15.3x17.6x1.6x
Sat, 27 Apr 2024€367.8b€233.8b€22.0b15.5x16.7x1.6x
Mon, 25 Mar 2024€362.3b€237.6b€21.6b13.7x16.8x1.5x
Wed, 21 Feb 2024€362.1b€249.1b€23.7b13.3x15.3x1.5x
Fri, 19 Jan 2024€349.2b€248.3b€23.0b12.5x15.2x1.4x
Sun, 17 Dec 2023€357.7b€239.4b€21.5b13.1x16.7x1.5x
Tue, 14 Nov 2023€335.6b€238.1b€21.0b13.8x16x1.4x
Thu, 12 Oct 2023€336.0b€241.6b€21.7b12.7x15.5x1.4x
Sat, 09 Sep 2023€340.2b€238.8b€21.8b13x15.6x1.4x
Mon, 07 Aug 2023€345.1b€232.6b€22.4b12.8x15.4x1.5x
Wed, 05 Jul 2023€336.0b€235.0b€24.5b11.4x13.7x1.4x
Fri, 02 Jun 2023€332.5b€236.0b€24.6b11.4x13.5x1.4x
Sun, 30 Apr 2023€360.7b€232.3b€22.8b12.2x15.8x1.6x
Tue, 28 Mar 2023€352.7b€232.7b€23.5b11.6x15x1.5x
Thu, 23 Feb 2023€360.5b€232.5b€24.4b10.8x14.8x1.6x
Sat, 21 Jan 2023€351.6b€230.1b€24.9b10.3x14.1x1.5x
Mon, 19 Dec 2022€342.4b€231.4b€25.1b9.5x13.7x1.5x
Wed, 16 Nov 2022€337.2b€232.9b€25.5b9.2x13.2x1.4x
Fri, 14 Oct 2022€307.3b€233.0b€24.1b8x12.7x1.3x
Sun, 11 Sep 2022€331.0b€230.9b€24.4b9.2x13.6x1.4x
Tue, 09 Aug 2022€351.4b€230.4b€25.6b9.6x13.7x1.5x
Thu, 07 Jul 2022€342.2b€225.5b€25.9b9.8x13.2x1.5x
Sat, 04 Jun 2022€358.9b€220.6b€25.7b11.2x14x1.6x
Mon, 02 May 2022€381.4b€220.4b€26.7b12.7x14.3x1.7x
Wed, 30 Mar 2022€385.2b€216.7b€26.0b13.7x14.8x1.8x
Fri, 25 Feb 2022€362.3b€214.4b€25.2b13.9x14.4x1.7x
Sun, 23 Jan 2022€384.5b€211.4b€23.9b14.9x16.1x1.8x
Tue, 21 Dec 2021€361.4b€212.0b€24.0b15.2x15.1x1.7x
Thu, 18 Nov 2021€367.2b€212.1b€24.0b15.1x15.3x1.7x
Sat, 16 Oct 2021€368.0b€207.9b€24.6b14.4x15x1.8x
Mon, 13 Sep 2021€359.7b€207.2b€24.4b13.6x14.7x1.7x
Wed, 11 Aug 2021€365.2b€205.8b€24.1b14.4x15.2x1.8x
Price to Earnings Ratio

15.2x


Total Market Cap: €365.2bTotal Earnings: €24.1bTotal Revenue: €205.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Market Price to Earnings3Y Average 15x202220232024
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 18.3x which is higher than its 3-year average PE of 15.0x.
Past Earnings Growth
  • The earnings for Belgian listed companies have declined 5.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.6% 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 Market-0.84%
Utilities4.14%
Consumer Staples2.11%
Real Estate2.06%
Energy1.12%
Healthcare0.83%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-1.58%
Telecom-2.65%
Consumer Discretionary-3.42%
Tech-4.51%
Financials-5.23%
Materials-6.56%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 210x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 46.0%, which is higher than its past year's earnings growth of 1.3% 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 1.3% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 53% 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
ELI Elia Group€99.304.1%
+€290.3m
-6.1%PE21.2xUtilities
ARGX argenx€455.300.9%
+€233.2m
1.7%PS17.9xHealthcare
UCB UCB€153.250.8%
+€227.7m
92.6%PE121.1xHealthcare
TUB Financière de Tubize€121.404.1%
+€213.7m
69.6%PE60xHealthcare
SHUR Shurgard Self Storage€37.004.8%
+€165.5m
-9.0%PB1xReal Estate
See more
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Market Insights

This week we are wrapping up the series with a look at the industries and end-markets that buy all those chips and the underlying causes of industry earnings cycles...

Latest News

ABI

€57.58

Anheuser-Busch InBev

7D

2.5%

1Y

11.3%

GBLB

€67.15

Groupe Bruxelles Lambert

7D

-2.6%

1Y

-9.6%

SOLB

€30.86

Solvay

7D

-7.2%

1Y

-70.3%

UCB

€153.25

UCB

7D

0.8%

1Y

92.6%

SHUR

€37.00

Shurgard Self Storage

7D

4.8%

1Y

-9.0%

COFB

€61.25

Cofinimmo

7D

3.1%

1Y

-12.9%

WDP

€25.48

Warehouses De Pauw

7D

2.1%

1Y

-1.6%

TUB

€121.40

Financière de Tubize

7D

4.1%

1Y

69.6%

KBCA

€41.85

KBC Ancora

7D

-7.5%

1Y

-2.8%

KBC

€65.16

KBC Group

7D

-8.4%

1Y

-5.5%

017250539

€36.20

BNP Paribas Fortis

7D

-4.7%

1Y

-10.0%