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German (DAX) Market Analysis & Valuation

UpdatedJan 12, 2025
DataAggregated Company Financials
Companies725
  • 7D1.3%
  • 3M0.9%
  • 1Y9.0%
  • YTD0.7%

The market is up 1.3% over the last week, with the Information Technology sector leading the way, up 4.1%. As for the past 12 months, the market is up 9.0%. Earnings are forecast to grow by 20% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jan 2025€2.3t€2.7t€114.5b16.7x20x0.8x
Tue, 10 Dec 2024€2.3t€2.7t€114.2b16x20.4x0.9x
Thu, 07 Nov 2024€2.2t€2.7t€115.5b15.4x19.3x0.8x
Sat, 05 Oct 2024€2.3t€2.7t€119.9b16.4x19x0.8x
Mon, 02 Sep 2024€2.2t€2.7t€119.4b16.9x18.7x0.8x
Wed, 31 Jul 2024€2.2t€2.7t€109.6b17.9x20x0.8x
Fri, 28 Jun 2024€2.2t€2.7t€110.8b17.3x19.8x0.8x
Sun, 26 May 2024€2.3t€2.7t€110.9b17.4x20.3x0.8x
Tue, 23 Apr 2024€2.2t€2.8t€119.5b17.2x18.5x0.8x
Thu, 21 Mar 2024€2.2t€2.8t€120.8b16.4x18.6x0.8x
Sat, 17 Feb 2024€2.2t€2.9t€151.4b16x14.3x0.8x
Mon, 15 Jan 2024€2.1t€2.9t€146.5b16.7x14.6x0.7x
Wed, 13 Dec 2023€2.2t€2.9t€147.6b16.1x14.6x0.8x
Fri, 10 Nov 2023€2.0t€2.9t€154.7b15.7x13.1x0.7x
Sun, 08 Oct 2023€2.1t€3.0t€131.4b15.8x15.6x0.7x
Tue, 05 Sep 2023€2.1t€3.0t€130.4b16.1x16.4x0.7x
Thu, 03 Aug 2023€2.2t€3.0t€136.9b16.4x16x0.7x
Sat, 01 Jul 2023€2.2t€3.0t€140.3b16.9x15.6x0.7x
Mon, 29 May 2023€2.2t€3.0t€140.1b16.8x15.5x0.7x
Wed, 26 Apr 2023€2.2t€3.0t€146.9b17.1x15.2x0.7x
Fri, 24 Mar 2023€2.2t€3.0t€152.0b15.8x14.2x0.7x
Sun, 19 Feb 2023€2.2t€2.6t€174.5b16.3x12.3x0.8x
Tue, 17 Jan 2023€2.1t€2.6t€173.0b16.3x12.2x0.8x
Thu, 15 Dec 2022€2.0t€2.6t€173.3b16.1x11.5x0.8x
Sat, 12 Nov 2022€2.0t€2.5t€168.5b15.2x11.7x0.8x
Mon, 10 Oct 2022€1.8t€2.5t€169.1b13.9x10.4x0.7x
Wed, 07 Sep 2022€1.8t€2.5t€162.4b15.1x10.9x0.7x
Fri, 05 Aug 2022€1.9t€2.6t€158.9b16.6x12.2x0.7x
Sun, 03 Jul 2022€1.8t€2.6t€159.4b16.2x11.4x0.7x
Tue, 31 May 2022€2.1t€2.6t€159.5b17.9x13.1x0.8x
Thu, 28 Apr 2022€2.0t€2.5t€143.3b18.7x14.2x0.8x
Sat, 26 Mar 2022€2.1t€2.5t€145.2b19x14.7x0.9x
Mon, 21 Feb 2022€2.2t€2.4t€142.4b19.9x15.7x0.9x
Wed, 19 Jan 2022€2.4t€2.4t€144.4b20.7x16.3x1x
Price to Earnings Ratio

16.3x


Total Market Cap: €2.4tTotal Earnings: €144.4bTotal Revenue: €2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 15.4x202320242025
Current Market PE
  • Investors are optimistic on the German market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 20.0x which is higher than its 3-year average PE of 15.4x.
Past Earnings Growth
  • The earnings for German listed companies have declined 7.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.6% 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 German Market?

DE Market1.28%
Tech4.08%
Healthcare2.66%
Consumer Staples2.06%
Consumer Discretionary1.80%
Telecom0.86%
Industrials0.76%
Financials0.22%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.00026%
Energy-1.03%
Utilities-2.49%
Real Estate-3.07%
Sector PE
  • Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.5%, which is higher than its past year's earnings growth of 6.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 95% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 7.0% 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
SAP SAP€245.854.7%
+€12.8b
69.7%PE104.2xTech
SIE Siemens€194.504.1%
+€6.0b
19.2%PE18.6xIndustrials
MBG Mercedes-Benz Group€55.044.9%
+€2.5b
-10.3%PE4.8xConsumer Discretionary
ADS adidas€243.804.4%
+€1.8b
37.3%PE114.3xConsumer Discretionary
DTG Daimler Truck Holding€38.215.8%
+€1.6b
18.3%PE8.9xIndustrials
See more
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7D

-1.9%

1Y

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