Narrative Update • Jul 07
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German (DAX) Luxury Industry Analysis
UpdatedJul 08, 2026
DataAggregated Company Financials
Companies12
- 7D4.4%
- 3M31.4%
- 1Y-7.4%
- YTD12.8%
The Luxury industry is up 2.4% in the last week, with adidas up 4.7%. However, the industry is down 8.4% over the past year. Earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the German Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 Jul 2026 | €40.1b | €37.2b | €989.4m | 14.3x | 40.5x | 1.1x |
| Fri, 05 Jun 2026 | €35.2b | €37.2b | €987.5m | 17x | 35.6x | 0.9x |
| Sun, 03 May 2026 | €32.7b | €37.3b | €1.0b | 15.5x | 32.4x | 0.9x |
| Tue, 31 Mar 2026 | €29.6b | €37.0b | €925.5m | 17.6x | 32x | 0.8x |
| Thu, 26 Feb 2026 | €34.5b | €37.8b | €1.2b | 18.1x | 29.5x | 0.9x |
| Sat, 24 Jan 2026 | €31.3b | €37.8b | €1.2b | 17.6x | 26.8x | 0.8x |
| Mon, 22 Dec 2025 | €35.7b | €37.8b | €1.2b | 17.4x | 30.5x | 0.9x |
| Wed, 19 Nov 2025 | €32.7b | €37.8b | €1.2b | 17.9x | 28x | 0.9x |
| Fri, 17 Oct 2025 | €40.8b | €38.0b | €1.3b | 18.1x | 30.6x | 1.1x |
| Sun, 14 Sep 2025 | €37.6b | €38.0b | €1.3b | 18.1x | 28.3x | 1x |
| Tue, 12 Aug 2025 | €35.1b | €38.0b | €1.3b | 12.8x | 26.3x | 0.9x |
| Thu, 10 Jul 2025 | €44.6b | €38.1b | €1.4b | 15.7x | 30.9x | 1.2x |
| Sat, 07 Jun 2025 | €44.1b | €38.1b | €1.4b | 15.4x | 30.5x | 1.2x |
| Mon, 05 May 2025 | €43.3b | €38.1b | €1.5b | 15.9x | 28.3x | 1.1x |
| Wed, 02 Apr 2025 | €46.1b | €37.4b | €1.3b | 14.3x | 36.4x | 1.2x |
| Fri, 28 Feb 2025 | €51.7b | €35.9b | €871.2m | 16.8x | 59.3x | 1.4x |
| Sun, 26 Jan 2025 | €53.7b | €35.9b | €871.2m | 18.3x | 61.7x | 1.5x |
| Tue, 24 Dec 2024 | €52.1b | €35.9b | €871.2m | 26.1x | 59.8x | 1.5x |
| Thu, 21 Nov 2024 | €48.0b | €36.1b | €864.5m | 26.2x | 55.5x | 1.3x |
| Sat, 19 Oct 2024 | €49.9b | €35.6b | €691.4m | 22.4x | 72.1x | 1.4x |
| Mon, 16 Sep 2024 | €47.6b | €35.6b | €691.2m | 21.8x | 68.9x | 1.3x |
| Wed, 14 Aug 2024 | €46.4b | €35.6b | €690.9m | 20.6x | 67.2x | 1.3x |
| Fri, 12 Jul 2024 | €50.0b | €35.0b | €641.1m | 23.6x | 78x | 1.4x |
| Sun, 09 Jun 2024 | €52.1b | €35.0b | €641.1m | 25.9x | 81.2x | 1.5x |
| Tue, 07 May 2024 | €50.7b | €35.1b | €674.1m | 24.5x | 75.2x | 1.4x |
| Thu, 04 Apr 2024 | €46.2b | €34.8b | €475.5m | 17.7x | 97.1x | 1.3x |
| Sat, 02 Mar 2024 | €44.5b | €35.4b | €360.8m | 19.3x | 123.3x | 1.3x |
| Mon, 29 Jan 2024 | €42.0b | €35.7b | €361.3m | 17.9x | 116.4x | 1.2x |
| Wed, 27 Dec 2023 | €45.4b | €35.7b | €361.3m | 21.7x | 125.6x | 1.3x |
| Fri, 24 Nov 2023 | €46.4b | €35.8b | €427.3m | 17.4x | 108.5x | 1.3x |
| Sun, 22 Oct 2023 | €42.2b | €36.2b | €247.5m | 17.3x | 170.7x | 1.2x |
| Tue, 19 Sep 2023 | €44.3b | €36.2b | €247.5m | 19.4x | 179.1x | 1.2x |
| Thu, 17 Aug 2023 | €48.0b | €36.2b | €248.1m | 18x | 193.6x | 1.3x |
| Sat, 15 Jul 2023 | €42.0b | €36.2b | €521.5m | 19.4x | 80.6x | 1.2x |
Price to Earnings Ratio
80.6x
Current Industry PE
- Investors are pessimistic on the German Luxury 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 40.1x which is lower than its 3-year average PE of 68.3x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 24% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the German Consumer Discretionary industry?
| DE Market | 1.96% | |
| Consumer Discretionary | 5.02% | |
| Luxury | 4.45% | |
| Footwear | 5.46% | |
| Apparel, Accessories and Luxury Goods | 4.35% | |
| Textiles | -5.09% | |
Industry PE
- Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 69.4x.
- Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings growth of 10.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Footwear industry, expecting annual earnings growth of 82% over the next 5 years.
- In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 14% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADS adidas | €187.90 | 4.7% +€1.5b | -10.1% | PE23.9x | |
| PUM PUMA | €28.03 | 5.5% +€213.5m | 20.4% | PS0.6x | |
| BOSS Hugo Boss | €37.80 | 0.6% +€15.9m | -9.2% | PE11.3x | |
| NBH Hoftex Group | €5.00 | 2.0% +€544.5k | -5.7% | PS0.2x | |
| ELB elumeo | €1.73 | 0.6% +€59.3k | -25.4% | PS0.3x |
