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German (DAX) Consumer Discretionary Sector Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies94
  • 7D3.3%
  • 3M-3.5%
  • 1Y2.3%
  • YTD-10.7%

The Consumer Discretionary industry is up 3.3% in the last week, with adidas up 7.6%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026€307.2b€846.9b€22.5b15x13.7x0.4x
Thu, 19 Mar 2026€289.5b€845.9b-€1,306,711,932.8014.6x-221.5x0.3x
Sat, 14 Feb 2026€324.9b€880.3b€447.5m16.4x726.1x0.4x
Mon, 12 Jan 2026€340.9b€880.3b€389.8m17.4x874.8x0.4x
Wed, 10 Dec 2025€338.8b€880.0b€502.9m15x673.7x0.4x
Fri, 07 Nov 2025€318.5b€882.0b-€7,140,499.4617.8x-44608.5x0.4x
Sun, 05 Oct 2025€322.2b€880.7b€3.8b16.4x85.3x0.4x
Tue, 02 Sep 2025€325.2b€860.9b€3.7b17.1x86.8x0.4x
Thu, 31 Jul 2025€316.1b€865.5b€7.0b13.4x44.9x0.4x
Sat, 28 Jun 2025€307.9b€868.2b€8.1b12.7x38x0.4x
Mon, 26 May 2025€312.7b€942.1b-€12,832,258,767.8612.8x-24.4x0.3x
Wed, 23 Apr 2025€306.9b€867.1b€12.9b13x23.8x0.4x
Fri, 21 Mar 2025€337.6b€867.2b€36.8b12.8x9.2x0.4x
Sun, 16 Feb 2025€356.2b€871.3b€40.2b14.8x8.9x0.4x
Tue, 14 Jan 2025€334.6b€870.2b€40.2b13.6x8.3x0.4x
Thu, 12 Dec 2024€341.7b€872.9b€40.1b12.9x8.5x0.4x
Sat, 09 Nov 2024€324.6b€866.9b€41.2b13.3x7.9x0.4x
Mon, 07 Oct 2024€351.8b€887.9b€48.7b11.9x7.2x0.4x
Wed, 04 Sep 2024€351.6b€887.7b€48.6b11.8x7.2x0.4x
Fri, 02 Aug 2024€351.7b€883.2b€48.8b12.6x7.2x0.4x
Sun, 30 Jun 2024€364.3b€884.2b€49.2b13.5x7.4x0.4x
Tue, 28 May 2024€237.2b€479.9b€23.5b15.4x10.1x0.5x
Thu, 25 Apr 2024€426.6b€883.2b€52.0b11x8.2x0.5x
Sat, 23 Mar 2024€416.9b€879.7b€50.5b12.4x8.3x0.5x
Mon, 19 Feb 2024€397.1b€870.6b€49.8b13.1x8x0.5x
Wed, 17 Jan 2024€370.6b€870.8b€49.6b12.6x7.5x0.4x
Fri, 15 Dec 2023€399.3b€870.7b€49.7b12.9x8x0.5x
Sun, 12 Nov 2023€372.3b€870.4b€48.9b13.7x7.6x0.4x
Tue, 10 Oct 2023€386.9b€861.3b€46.7b13.5x8.3x0.4x
Thu, 07 Sep 2023€415.2b€860.9b€46.7b15.5x8.9x0.5x
Sat, 05 Aug 2023€445.7b€839.4b€47.2b13.4x9.4x0.5x
Mon, 03 Jul 2023€460.0b€823.9b€46.6b13.9x9.9x0.6x
Wed, 31 May 2023€437.8b€831.2b€47.6b13.7x9.2x0.5x
Fri, 28 Apr 2023€439.2b€803.2b€58.4b14.2x7.5x0.5x
Price to Earnings Ratio

7.5x


Total Market Cap: €439.2bTotal Earnings: €58.4bTotal Revenue: €803.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Consumer Discretionary Sector Price to Earnings3Y Average 41.5x202420252026
Current Industry PE
  • Investors are pessimistic on the German Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.7x which is lower than its 3-year average PE of 41.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have declined 27% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market3.70%
Consumer Discretionary3.35%
Hospitality12.35%
Luxury5.92%
Specialty Stores5.64%
Auto Components5.58%
Consumer Durables3.85%
Auto1.81%
General Merchandise and Department Stores1.61%
Online Retail and Ecommerce0%0
Leisure-1.01%
Retail Distributors-3.33%
Consumer Services-11.47%
Industry PE
  • Investors are most optimistic about the General Merchandise and Department Stores industry which is trading above its 3-year average PE ratio of 1kx.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 75% over the next 5 years.
  • This is better than its past earnings growth rate of 8.4% per year.
  • In contrast, the Auto industry is expected to see its earnings grow by 16% 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
ADS adidas€144.856.5%
+€1.6b		-27.1%PE19.1x
DHER Delivery Hero€20.2418.7%
+€952.8m		-14.2%PS0.4x
SHA0 Schaeffler€8.4410.0%
+€727.6m		128.9%PS0.3x
CON Continental€66.684.8%
+€608.0m		3.2%PS0.7x
ZAL Zalando€23.335.5%
+€293.3m		-31.9%PE26.9x

Latest News

SHA0
€8.44
Schaeffler
7D
10.0%
1Y
128.9%

SHA0: Humanoid Robotics Partnership Will Drive Future Index Re-Rating

The analyst price target for Schaeffler has been revised from €11.00 to €10.45, reflecting a combination of recent target increases from several banks and more cautious revisions that incorporate updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on Schaeffler combines both upbeat and cautious views, which together inform the revised €10.45 aggregate price target.
ZAL
€23.33
Zalando
7D
5.5%
1Y
-31.9%

ZAL: Recent Rating Upgrades Will Support A More Constructive Risk Reward Profile

Narrative Update The updated analyst price target for Zalando shifts only slightly, with a revised fair value of about €51.12. This reflects recent price target moves to around €24 to €25 and analyst views that the risk/reward now looks more balanced at current levels.
MBG
€52.01
Mercedes-Benz Group
7D
-4.0%
1Y
3.5%

MBG: Chip Supply Risks And Cautious Sentiment Will Pressure Future Earnings

Analyst price targets for Mercedes-Benz Group have edged lower by a few euros, with recent cuts of €1 to €8 from UBS, Morgan Stanley, and RBC Capital partially offset by Citi's €2 increase. This reflects a more balanced but slightly cautious stance on the shares.
DHER
€20.24
Delivery Hero
7D
18.7%
1Y
-14.2%

DHER: Higher EBITDA Visibility And Lower P/E Assumptions Will Drive Future Repricing

Delivery Hero's analyst price target has been trimmed by about €0.76, as analysts factor in a slightly higher discount rate, more cautious revenue growth assumptions, a higher profit margin and a lower future P/E following a series of recent target cuts and mixed rating actions across the Street. Analyst Commentary Recent research shows a split view on Delivery Hero, with several price target cuts alongside rating changes and selective target increases.
TNIE
€9.91
tonies
7D
-2.1%
1Y
67.7%

TNIE: Global Content Partnerships And Investor Day Will Support Future Double Digit Expansion

Analysts are keeping their price target for tonies steady at €14.00, reflecting only marginal tweaks to discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News tonies plans an Analyst and Investor Day, giving the market a structured opportunity to receive an update on the business and its plans.
WEW
€14.65
Westwing Group
7D
-3.0%
1Y
93.3%

Premium Home And Living Shift Will Support A Stronger Long Term Business Narrative

Catalysts About Westwing Group Westwing Group is an online led Home & Living retailer with a growing private label, a curated selection of third party design brands and a developing offline store footprint. What are the underlying business or industry changes driving this perspective?
HLE
€70.10
HELLA GmbH KGaA
7D
-3.6%
1Y
-20.8%

HLE: Limited Dividend And Modest Margin Outlook Will Constrain Future Upside

Analysts have maintained their €65.00 price target for HELLA GmbH KGaA, reflecting only minor model tweaks around discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in conviction on the shares. What's in the News Management plans to propose a dividend of €0.22 per share for the fiscal year ended 31 December 2025, with a total payout of €24m, at the Annual General Meeting on 30 April 2026, in line with the policy to distribute around 30% of attributable net income to FORVIA HELLA shareholders (Key Developments).
TIMA
€49.10
ZEAL Network
7D
-0.2%
1Y
9.4%
PUM
€26.08
PUMA
7D
8.2%
1Y
26.5%
ADS
€144.85
adidas
7D
6.5%
1Y
-27.1%

ADS: Premium Consumers And Buybacks Will Support Future Re Rating

Adidas' analyst price target has shifted modestly higher to €199.96 from €199.42, as analysts balance recent target cuts with views of steady revenue, stable profit margins and a broadly unchanged future P/E outlook. Analyst Commentary Recent research paints a mixed picture, with several firms trimming their price targets on Adidas while keeping positive ratings, and others flagging risks around guidance and sector pressures.
AG1
€19.47
AUTO1 Group
7D
5.0%
1Y
-2.3%
CON
€66.68
Continental
7D
4.8%
1Y
3.2%

CON: Dividend And Margin Execution Will Support Higher Future P/E Multiple

Continental's analyst price target edges higher to about €73 as recent research cites modest tweaks to fair value, discount rate, revenue growth, profit margin and future P/E assumptions, supported by a series of Street target lifts in the €70 to €75 range. Analyst Commentary Recent research on Continental reflects a mix of cautious optimism and rising selectivity around valuation, execution risk and cash generation priorities.
AMV0
€38.05
Aumovio
7D
5.3%
1Y
n/a
HTG
€1.30
HomeToGo
7D
-2.6%
1Y
-22.9%
BMW
€83.50
Bayerische Motoren Werke
7D
-0.5%
1Y
18.8%
HBM
€63.50
HORNBACH Baumarkt
7D
-2.3%
1Y
-5.2%