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German (DAX) Consumer Discretionary Sector Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies93
  • 7D-3.9%
  • 3M3.8%
  • 1Y-2.9%
  • YTD-11.3%

Over the last 7 days, the Consumer Discretionary industry has dropped 3.9%, driven by declines in Mercedes-Benz Group and Bayerische Motoren Werke of 6.9% and 7.5%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 28% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026€303.8b€841.0b€21.1b15.3x14.4x0.4x
Sun, 03 May 2026€290.2b€845.4b€22.2b11.3x13.1x0.3x
Tue, 31 Mar 2026€282.7b€846.3b€22.4b14.7x12.6x0.3x
Thu, 26 Feb 2026€322.9b€880.3b€449.5m16.5x718.4x0.4x
Sat, 24 Jan 2026€328.5b€880.3b€390.1m15.7x842.1x0.4x
Mon, 22 Dec 2025€336.6b€880.3b€432.4m15.5x778.5x0.4x
Wed, 19 Nov 2025€311.0b€880.0b€508.9m14.2x611.2x0.4x
Fri, 17 Oct 2025€311.4b€880.8b€3.8b17x82.3x0.4x
Sun, 14 Sep 2025€318.5b€861.3b€3.8b17.9x84.7x0.4x
Tue, 12 Aug 2025€316.3b€859.4b€2.8b13x113.4x0.4x
Thu, 10 Jul 2025€320.4b€868.0b€8.1b13.8x39.7x0.4x
Sat, 07 Jun 2025€311.9b€868.1b€8.1b13.1x38.6x0.4x
Mon, 05 May 2025€317.0b€868.6b€11.4b13.1x27.9x0.4x
Wed, 02 Apr 2025€315.4b€866.7b€12.8b12.5x24.7x0.4x
Fri, 28 Feb 2025€354.7b€871.4b€40.3b14.6x8.8x0.4x
Sun, 26 Jan 2025€347.8b€870.2b€40.2b14.1x8.6x0.4x
Tue, 24 Dec 2024€331.8b€871.8b€40.2b13.3x8.3x0.4x
Thu, 21 Nov 2024€316.8b€871.1b€40.2b12.4x7.9x0.4x
Sat, 19 Oct 2024€345.6b€879.5b€48.7b13.3x7.1x0.4x
Mon, 16 Sep 2024€335.4b€888.0b€48.7b12.1x6.9x0.4x
Wed, 14 Aug 2024€335.1b€885.6b€48.5b12.5x6.9x0.4x
Fri, 12 Jul 2024€373.6b€884.0b€49.3b13x7.6x0.4x
Sun, 09 Jun 2024€389.0b€884.3b€49.2b13.8x7.9x0.4x
Tue, 07 May 2024€413.4b€880.5b€49.8b12.3x8.3x0.5x
Thu, 04 Apr 2024€431.5b€883.2b€52.0b11.6x8.3x0.5x
Sat, 02 Mar 2024€412.5b€870.4b€49.8b12.5x8.3x0.5x
Mon, 29 Jan 2024€377.5b€870.8b€49.6b12.6x7.6x0.4x
Wed, 27 Dec 2023€388.5b€870.8b€49.6b12.9x7.8x0.4x
Fri, 24 Nov 2023€382.6b€870.1b€49.7b13.8x7.7x0.4x
Sun, 22 Oct 2023€381.3b€861.4b€46.7b13.6x8.2x0.4x
Tue, 19 Sep 2023€405.5b€861.3b€46.7b14.3x8.7x0.5x
Thu, 17 Aug 2023€430.8b€860.5b€46.0b16.2x9.4x0.5x
Sat, 15 Jul 2023€449.4b€823.8b€46.6b13.7x9.6x0.5x
Mon, 12 Jun 2023€448.4b€831.2b€47.6b15x9.4x0.5x
Price to Earnings Ratio

9.4x


Total Market Cap: €448.4bTotal Earnings: €47.6bTotal Revenue: €831.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Consumer Discretionary Sector Price to Earnings3Y Average 41.7x202420252026
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 14.4x which is lower than its 3-year average PE of 41.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have declined 24% 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 Market-0.83%
Consumer Discretionary-3.89%
Specialty Stores0.051%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Hospitality-1.05%
General Merchandise and Department Stores-1.09%
Consumer Durables-2.04%
Leisure-2.94%
Consumer Services-3.53%
Luxury-4.19%
Auto Components-4.40%
Auto-4.49%
Industry PE
  • Investors are most optimistic about the Leisure industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 47.2%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 77% over the next 5 years.
  • This is better than its past earnings decline of 20% per year.
  • In contrast, the Auto industry is expected to see its earnings grow by 19% 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
ZAL Zalando€23.774.3%
+€236.2m		-22.2%PE48.7x
HLE HELLA GmbH KGaA€73.401.1%
+€88.9m		-16.5%PE86x
DOU Douglas€9.125.6%
+€51.7m		-21.1%PE19x
CEC Ceconomy€3.921.8%
+€34.0m		37.4%PS0.08x
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier€23.8038.4%
+€24.4m		65.3%PS1.2x

Latest News

PUM
€27.64
PUMA
7D
-7.9%
1Y
27.2%
CON
€69.12
Continental
7D
-3.3%
1Y
-9.6%
DOU
€9.12
Douglas
7D
5.6%
1Y
-21.1%
ADS
€160.55
adidas
7D
-3.9%
1Y
-24.2%
Narrative Update • Jun 04

ADS: Recent Pullback And Earnings Delivery Should Support Future Re Rating

Adidas' analyst price target has been revised slightly higher to €198.28 from €196.77. Analysts attribute the change to recent target adjustments across banks, including upgrades linked to the share price pullback and recalibrated earnings expectations.
ZAL
€23.77
Zalando
7D
4.3%
1Y
-22.2%
Narrative Update • Jun 04

ZAL: Pre Owned Luxury Expansion And Rating Upgrades Will Support Risk Reward Re Rating

Analysts have nudged the fair value estimate for Zalando higher from €51.12 to €51.87 as they factor in updated price targets from several banks and modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent Street research shows a mix of views on Zalando, but the fair value uplift is anchored in several bullish adjustments to price targets and ratings.
MBG
€49.08
Mercedes-Benz Group
7D
-6.9%
1Y
-4.8%
Narrative Update • Jun 03

MBG: Proposed U.S. Ban And Chinese Ownership Stakes Will Pressure Future Earnings

Analysts have trimmed their price target on Mercedes-Benz Group by €1 to €44.61, as updated models incorporate a slightly higher discount rate, revised revenue growth and profit margin assumptions, and a lower future P/E estimate. Analyst Commentary Recent research updates show a mixed but cautious tone around Mercedes-Benz Group, with several bearish analysts trimming their valuation assumptions even as one major firm raised its price target while keeping a Neutral stance.
CEC
€3.92
Ceconomy
7D
1.8%
1Y
37.4%
Narrative Update • Jun 03

CEC: Foreign Subsidy Review Will Frame Deal Upside And CEO Transition

Analysts have adjusted their price target on Ceconomy to €4.60, with updated inputs that reflect a slightly different discount rate, modestly revised revenue growth assumptions, a higher profit margin outlook, and a somewhat lower future P/E multiple. What's in the News The European Commission has opened an in depth investigation into whether JD.com received foreign subsidies that could distort the EU internal market in its proposed acquisition of Ceconomy, citing concerns around possible preferential financing and tax incentives.
HLE
€73.40
HELLA GmbH KGaA
7D
1.1%
1Y
-16.5%
Narrative Update • Jun 02

HLE: Softer Revenue Outlook And Thin Margins Will Constrain Future Returns

Analysts have maintained their price target for HELLA GmbH KGaA at €65.0, citing updated assumptions that include a slightly lower revenue growth outlook, a slightly higher discount rate, a revised future P/E, and a higher profit margin forecast. What's in the News HELLA GmbH KGaA issued earnings guidance for fiscal year 2026, targeting an operating income margin between approximately 5.4% and 6.0% of sales.
ECK
€23.80
LUDWIG BECK am Rathauseck - Textilhaus Feldmeier
7D
38.4%
1Y
65.3%
DHER
€38.11
Delivery Hero
7D
-2.3%
1Y
59.8%
Narrative Update • Jun 01

DHER: Potential Uber Takeover And AI Efficiency Gains Will Drive Future Repricing

The analyst price target for Delivery Hero has been raised from €42.34 to €45.00. This reflects updated assumptions on revenue growth, profit margins, and a lower discount rate, alongside a cluster of recent target increases from several banks, even as a few firms have turned more cautious.
TIMA
€46.00
ZEAL Network
7D
2.2%
1Y
0.2%
Narrative Update • May 30

TIMA: Charity Lottery Expansion And Dividend Policy Will Support Future Upside

Analysts have kept the ZEAL Network price target steady at €72.75, with only small tweaks to assumptions such as the discount rate, long term revenue growth and future P/E to reflect minor model updates rather than a change in the overall view. What's in the News ZEAL Network confirmed earnings guidance for fiscal 2026, with expected revenues in a range of €250 million to €260 million, and stated that this guidance is unchanged (Corporate Guidance).
FIE
€42.10
Fielmann Group
7D
-5.3%
1Y
-24.8%
SHA0
€9.64
Schaeffler
7D
-11.7%
1Y
130.3%
AG1
€22.22
AUTO1 Group
7D
0.4%
1Y
-12.7%
BMW
€70.24
Bayerische Motoren Werke
7D
-7.5%
1Y
-8.8%
ZIL2
€6.29
ElringKlinger
7D
5.2%
1Y
39.8%