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German (DAX) Consumer Discretionary Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies94
  • 7D0.6%
  • 3M0.5%
  • 1Y-9.6%
  • YTD-5.9%

Over the last 7 days, the Consumer Discretionary industry has remained flat, although notably AUTO1 Group declined by 11%. As for the longer term, the industry has declined 9.6% in the last year. Earnings are forecast to grow by 27% annually.

Sector Valuation and Performance

Has the German Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026€324.7b€880.3b€449.4m17.5x722.5x0.4x
Wed, 28 Jan 2026€326.5b€882.8b€422.5m15.7x772.8x0.4x
Fri, 26 Dec 2025€334.3b€880.3b€374.7m15.5x892.1x0.4x
Sun, 23 Nov 2025€310.0b€880.0b€502.4m14x616.9x0.4x
Tue, 21 Oct 2025€317.9b€880.8b€3.8b17.2x84x0.4x
Thu, 18 Sep 2025€318.3b€861.3b€3.8b18.1x84.5x0.4x
Sat, 16 Aug 2025€323.6b€859.6b€3.4b13.9x95.1x0.4x
Mon, 14 Jul 2025€323.2b€868.0b€8.1b13.7x40.1x0.4x
Wed, 11 Jun 2025€315.6b€868.1b€8.1b13.1x39x0.4x
Fri, 09 May 2025€321.0b€871.1b€11.3b13.3x28.5x0.4x
Sun, 06 Apr 2025€290.5b€867.1b€12.8b11.7x22.7x0.3x
Tue, 04 Mar 2025€357.6b€871.4b€40.3b13.8x8.9x0.4x
Thu, 30 Jan 2025€351.0b€870.2b€40.2b14.1x8.7x0.4x
Sat, 28 Dec 2024€334.9b€871.8b€40.2b13.7x8.3x0.4x
Mon, 25 Nov 2024€317.5b€871.1b€40.2b12.4x7.9x0.4x
Wed, 23 Oct 2024€343.9b€879.5b€48.7b13.3x7.1x0.4x
Fri, 20 Sep 2024€346.1b€888.0b€48.7b11.9x7.1x0.4x
Sun, 18 Aug 2024€344.5b€886.4b€48.5b11.8x7.1x0.4x
Tue, 16 Jul 2024€374.8b€884.0b€49.3b12.8x7.6x0.4x
Thu, 13 Jun 2024€384.3b€884.2b€49.2b13.3x7.8x0.4x
Sat, 11 May 2024€404.7b€879.2b€49.0b12.8x8.3x0.5x
Mon, 08 Apr 2024€433.1b€883.1b€52.0b11.6x8.3x0.5x
Wed, 06 Mar 2024€407.3b€869.8b€49.9b14.2x8.2x0.5x
Fri, 02 Feb 2024€382.2b€870.8b€49.6b12.8x7.7x0.4x
Sun, 31 Dec 2023€388.4b€870.8b€49.6b13.1x7.8x0.4x
Tue, 28 Nov 2023€382.1b€870.1b€49.7b13.8x7.7x0.4x
Thu, 26 Oct 2023€374.4b€861.3b€46.7b13.5x8x0.4x
Sat, 23 Sep 2023€407.7b€861.3b€46.7b14.3x8.7x0.5x
Mon, 21 Aug 2023€423.4b€860.4b€46.0b15.4x9.2x0.5x
Wed, 19 Jul 2023€448.3b€823.8b€46.6b13.9x9.6x0.5x
Fri, 16 Jun 2023€457.8b€831.2b€47.6b15.1x9.6x0.6x
Sun, 14 May 2023€435.6b€828.6b€48.4b16.8x9x0.5x
Tue, 11 Apr 2023€440.9b€802.9b€58.2b11.4x7.6x0.5x
Thu, 09 Mar 2023€468.6b€769.9b€58.9b11.3x8x0.6x
Price to Earnings Ratio

8x


Total Market Cap: €468.6bTotal Earnings: €58.9bTotal Revenue: €769.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Consumer Discretionary Sector Price to Earnings3Y Average 35.6x202420252026
Current Industry PE
  • Investors are optimistic on the German Consumer Discretionary industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 723x which is higher than its 3-year average PE of 35.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have declined 80% 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.

Industry Trends

Which industries have driven the changes within the German Consumer Discretionary sector?

DE Market0.50%
Consumer Discretionary0.55%
Auto1.26%
Consumer Durables0.90%
Luxury0.05%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Hospitality-0.50%
Leisure-0.84%
Auto Components-1.14%
Specialty Stores-1.38%
Consumer Services-1.48%
General Merchandise and Department Stores-1.58%
Industry PE
  • Investors are most optimistic about the Hospitality industry which is trading above its 3-year average PE ratio of 8.9x.
    • Analysts are expecting annual earnings growth of 43.9%, which is higher than its past year's earnings growth of 13.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Auto Components industry, expecting annual earnings growth of 79% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Auto industry is expected to see its earnings grow by 18% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HBM HORNBACH Baumarkt€64.501.6%
+€31.8m		1.6%PE17.8x
IFA LS Invest€6.604.8%
+€14.8m		-4.3%n/a
ZO1 zooplus€224.000.9%
+€14.3m		-13.8%n/a
KTA Knaus Tabbert€13.007.3%
+€9.1m		-9.1%PS0.1x
ZIL2 ElringKlinger€4.362.0%
+€5.4m		2.8%PS0.2x

Latest News

BMW
€85.46
Bayerische Motoren Werke
7D
-2.6%
1Y
0.6%
HLE
€79.30
HELLA GmbH KGaA
7D
-3.9%
1Y
-13.4%

HLE: Higher Future P/E And Modest Margins Will Limit Upside

Analysts have kept their €65 price target on HELLA GmbH KGaA unchanged, citing offsetting updates to revenue growth expectations, profit margin assumptions and the future P/E multiple in their refreshed model. What's in the News HELLA GmbH & Co. KGaA issued earnings guidance for the year ending December 31, 2026, giving investors a clearer reference point for medium term expectations.
AG1
€15.99
AUTO1 Group
7D
-17.1%
1Y
-29.7%
ADS
€151.95
adidas
7D
-4.2%
1Y
-38.8%

ADS: Premium Consumers And Share Buybacks Will Support Future Margin Resilience

Analysts have trimmed their fair value estimate for adidas by about €1 to roughly €221, reflecting slightly softer assumptions for revenue growth, profit margins and future P/E. This is in line with recent mixed research that includes a reduced price target at Citi, a downgrade at RBC Capital, and a more upbeat initiation at Grupo Santander and higher target at Bernstein.
ACX
€2.82
bet-at-home.com
7D
36.2%
1Y
0%
SHA0
€10.08
Schaeffler
7D
-4.0%
1Y
109.3%

SHA0: Robotics Execution Risks Will Limit Upside Despite Mixed Rating Revisions

Analysts have lifted their consolidated price target on Schaeffler by about €4, citing updated expectations for revenue growth, profitability and future P/E multiples reflected in recent research from several major banks. Analyst Commentary Recent research on Schaeffler has been mixed, with some large banks lifting price targets while others have turned more cautious on the stock.
MBG
€57.00
Mercedes-Benz Group
7D
-2.2%
1Y
-6.1%

MBG: Premium Focus And Capital Returns Will Support Future Upside Potential

Analysts have trimmed their central fair value estimate for Mercedes-Benz Group to €75.00, reflecting slightly lower long term growth and margin assumptions, even as recent Street research has gradually raised published price targets into the €70 to €74 range on confidence in the company's balance sheet and capital return approach. Analyst Commentary Recent Street research has leaned constructive on Mercedes-Benz Group, with several large houses refining their views around capital returns, premium positioning and balance sheet strength.
DHER
€18.10
Delivery Hero
7D
-7.3%
1Y
-36.8%

DHER: Higher Growth Assumptions Will Face Test From Margin And P/E Uncertainty

Analysts have reduced their fair value estimate for Delivery Hero from €21.00 to €19.00, citing updated assumptions on required returns, profit margins and future P/E, while also noting mixed recent Street price target moves. Analyst Commentary Street research on Delivery Hero has been mixed, with some large banks adjusting their views as new information and assumptions filter through.
TUI1
€7.30
TUI
7D
-8.0%
1Y
2.6%

TUI1: Fair Value View Will Hinge On Margins And 2026 Guidance

Analysts have nudged their TUI price targets higher, with one recent move adding €0.90 to the target. Updated fair value estimates and assumptions around discount rates, revenue growth and profit margins are being incorporated into their models.
TNIE
€11.52
tonies
7D
0.2%
1Y
89.5%

TNIE: Global Content Partnerships Will Support Future Double Digit Revenue Gains

Analysts have raised their price target on tonies from €11.37 to €13.83, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that they consider more accurately reflect the company’s current risk and return profile. What's in the News Partnership with The Pokemon Company International includes a lightning yellow special edition Toniebox 2 inspired by Pikachu, planned for a global launch, including the US, in summer 2026 (Key Developments).
ZIL2
€4.36
ElringKlinger
7D
2.0%
1Y
2.8%
HBM
€64.50
HORNBACH Baumarkt
7D
1.6%
1Y
1.6%
KTA
€13.00
Knaus Tabbert
7D
7.3%
1Y
-9.1%
SUR
€12.45
Surteco Group
7D
2.0%
1Y
-23.1%
ZO1
€224.00
zooplus
7D
0.9%
1Y
-13.8%
IFA
€6.60
LS Invest
7D
4.8%
1Y
-4.3%