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German (DAX) Market Analysis & Valuation

UpdatedMay 25, 2024
DataAggregated Company Financials
Companies733
  • 7D-0.5%
  • 3M3.1%
  • 1Y5.2%
  • YTD5.6%

Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector declined by 3.8%. More promisingly, the market is up 5.2% over the past year. Earnings are forecast to grow by 19% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 May 2024€2.3t€2.7t€110.9b17.4x20.3x0.8x
Mon, 22 Apr 2024€2.2t€2.8t€119.5b17.2x18.5x0.8x
Wed, 20 Mar 2024€2.2t€2.8t€122.3b16.3x18.4x0.8x
Fri, 16 Feb 2024€2.2t€2.9t€152.1b15.9x14.2x0.8x
Sun, 14 Jan 2024€2.1t€2.9t€146.5b16.7x14.6x0.7x
Tue, 12 Dec 2023€2.2t€2.9t€147.6b16.2x14.6x0.8x
Thu, 09 Nov 2023€2.0t€2.9t€160.8b15.6x12.6x0.7x
Sat, 07 Oct 2023€2.1t€3.0t€131.4b15.7x15.6x0.7x
Mon, 04 Sep 2023€2.1t€3.0t€130.4b16.1x16.4x0.7x
Wed, 02 Aug 2023€2.2t€3.0t€136.8b16.7x16.2x0.7x
Fri, 30 Jun 2023€2.2t€3.0t€140.4b17.2x15.4x0.7x
Sun, 28 May 2023€2.2t€3.0t€140.1b16.8x15.5x0.7x
Tue, 25 Apr 2023€2.2t€3.0t€147.1b17.2x15.2x0.7x
Thu, 23 Mar 2023€2.1t€3.0t€150.9b15.7x14.2x0.7x
Sat, 18 Feb 2023€2.2t€2.6t€174.3b16.3x12.4x0.8x
Mon, 16 Jan 2023€2.1t€2.6t€173.0b16.2x12.1x0.8x
Wed, 14 Dec 2022€2.0t€2.6t€173.4b16x11.5x0.8x
Fri, 11 Nov 2022€2.0t€2.6t€169.7b15.3x11.7x0.8x
Sun, 09 Oct 2022€1.8t€2.5t€169.1b13.9x10.4x0.7x
Tue, 06 Sep 2022€1.8t€2.5t€162.5b15x10.8x0.7x
Thu, 04 Aug 2022€1.9t€2.6t€158.0b16.4x12.2x0.7x
Sat, 02 Jul 2022€1.8t€2.6t€159.4b16.2x11.4x0.7x
Mon, 30 May 2022€2.1t€2.6t€159.5b17.6x13x0.8x
Wed, 27 Apr 2022€2.0t€2.5t€142.9b18.6x14.2x0.8x
Fri, 25 Mar 2022€2.1t€2.5t€145.0b19.2x14.7x0.9x
Sun, 20 Feb 2022€2.2t€2.4t€142.4b20x15.7x0.9x
Tue, 18 Jan 2022€2.4t€2.4t€144.4b20.7x16.5x1x
Thu, 16 Dec 2021€2.3t€2.3t€141.1b20.2x16.5x1x
Sat, 13 Nov 2021€2.4t€2.3t€127.9b22.8x18.9x1.1x
Mon, 11 Oct 2021€2.3t€2.2t€114.5b22.3x20.1x1x
Wed, 08 Sep 2021€2.4t€2.4t€127.7b22.2x19.2x1x
Fri, 06 Aug 2021€2.4t€2.2t€115.3b22.1x20.5x1.1x
Price to Earnings Ratio

34.7x


Total Market Cap: €2.3tTotal Earnings: €65.9bTotal Revenue: €2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 15.7x202220232024
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 20.3x which is higher than its 3-year average PE of 15.7x.
Past Earnings Growth
  • The earnings for German listed companies have grown 19% per year over the last three years.
  • Revenues for these companies have grown 7.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market-0.48%
Tech1.91%
Industrials0.84%
Energy0.54%
Consumer Staples0.31%
Financials0.27%
Materials0.0053%
Healthcare-0.40%
Utilities-0.81%
Telecom-0.91%
Real Estate-3.77%
Consumer Discretionary-3.78%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 59.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.3% which is higher than its past year's earnings decline of 6.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 96% over the next 5 years.
  • This is better than its past earnings growth rate of 0.4% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 6.7% 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
SIE Siemens€177.302.7%
+€3.7b
13.2%PE19.3xIndustrials
SAP SAP€180.061.7%
+€3.5b
46.8%PE81.1xTech
IFX Infineon Technologies€38.012.7%
+€1.3b
10.0%PE19.4xTech
EBK EnBW Energie Baden-Württemberg€71.006.0%
+€1.1b
-20.8%PE372.7xUtilities
SHL Siemens Healthineers€53.681.5%
+€892.6m
0.04%PE32.6xHealthcare
See more
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Latest News

EOAN

€12.35

E.ON

7D

-2.8%

1Y

10.9%

MBG

€66.03

Mercedes-Benz Group

7D

-3.0%

1Y

-7.6%

DTE

€21.76

Deutsche Telekom

7D

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1Y

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BAYN

€27.63

Bayer

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1Y

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HLAG

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7D

2.6%

1Y

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ALV

€264.90

Allianz

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1Y

27.7%

SIE

€177.30

Siemens

7D

2.7%

1Y

13.2%

RHM

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Rheinmetall

7D

3.7%

1Y

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IFX

€38.01

Infineon Technologies

7D

2.7%

1Y

10.0%

SAP

€180.06

SAP

7D

1.7%

1Y

46.8%

SHL

€53.68

Siemens Healthineers

7D

1.5%

1Y

0.04%

VNA

€27.85

Vonovia

7D

-6.3%

1Y

59.4%