German (DAX) Luxury Industry Analysis

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
Tue, 04 Aug 2026	€35.8b	€37.8b	€1.2b	15.1x	30.4x	0.9x
Thu, 02 Jul 2026	€38.6b	€37.2b	€987.5m	14.5x	39.1x	1x
Sat, 30 May 2026	€36.5b	€37.2b	€987.5m	17.3x	36.9x	1x
Mon, 27 Apr 2026	€30.6b	€37.0b	€927.2m	15.9x	33x	0.8x
Wed, 25 Mar 2026	€29.4b	€37.0b	€925.5m	17.4x	31.8x	0.8x
Fri, 20 Feb 2026	€33.9b	€37.8b	€1.2b	17.5x	29x	0.9x
Sun, 18 Jan 2026	€34.6b	€37.8b	€1.2b	17.6x	29.6x	0.9x
Tue, 16 Dec 2025	€36.0b	€37.8b	€1.2b	17.4x	30.8x	1x
Thu, 13 Nov 2025	€34.8b	€37.8b	€1.2b	17.9x	29.8x	0.9x
Sat, 11 Oct 2025	€39.9b	€38.0b	€1.3b	18.2x	29.9x	1x
Mon, 08 Sep 2025	€37.5b	€38.0b	€1.3b	18.7x	28.2x	1x
Wed, 06 Aug 2025	€35.6b	€38.0b	€1.3b	12.9x	26.6x	0.9x
Fri, 04 Jul 2025	€43.6b	€38.1b	€1.4b	15.4x	30.2x	1.1x
Sun, 01 Jun 2025	€45.8b	€38.1b	€1.4b	15.8x	31.7x	1.2x
Tue, 29 Apr 2025	€45.1b	€37.4b	€1.3b	15.9x	35.6x	1.2x
Thu, 27 Mar 2025	€46.0b	€37.4b	€1.3b	14.2x	36.3x	1.2x
Sat, 22 Feb 2025	€51.6b	€35.9b	€871.2m	16.3x	59.2x	1.4x
Mon, 20 Jan 2025	€52.4b	€35.9b	€871.2m	23.2x	60.1x	1.5x
Wed, 18 Dec 2024	€53.1b	€35.9b	€874.6m	26x	60.7x	1.5x
Fri, 15 Nov 2024	€49.0b	€36.1b	€864.5m	26.8x	56.7x	1.4x
Sun, 13 Oct 2024	€50.2b	€35.6b	€691.4m	20.6x	72.6x	1.4x
Tue, 10 Sep 2024	€46.8b	€35.6b	€691.2m	22.4x	67.7x	1.3x
Thu, 08 Aug 2024	€47.3b	€35.8b	€694.6m	20.1x	68x	1.3x
Sat, 06 Jul 2024	€49.1b	€35.0b	€641.1m	23.8x	76.6x	1.4x
Mon, 03 Jun 2024	€52.3b	€35.0b	€641.1m	25.9x	81.5x	1.5x
Wed, 01 May 2024	€50.8b	€35.0b	€670.2m	21.4x	75.9x	1.5x
Fri, 29 Mar 2024	€47.4b	€34.8b	€475.5m	17.9x	99.8x	1.4x
Sun, 25 Feb 2024	€44.9b	€35.7b	€361.3m	19.3x	124.1x	1.3x
Tue, 23 Jan 2024	€40.6b	€35.7b	€361.3m	18.6x	112.2x	1.1x
Thu, 21 Dec 2023	€48.2b	€35.7b	€438.2m	19.3x	110x	1.4x
Sat, 18 Nov 2023	€44.5b	€35.8b	€427.3m	16.7x	104.2x	1.2x
Mon, 16 Oct 2023	€41.9b	€36.2b	€247.5m	17.3x	169.5x	1.2x
Wed, 13 Sep 2023	€45.4b	€36.2b	€247.5m	19.6x	183.6x	1.3x
Fri, 11 Aug 2023	€47.7b	€36.2b	€247.6m	18x	192.6x	1.3x

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 29.6x which is lower than its 3-year average PE of 67.2x.

The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.92x.

Past Earnings Growth

The earnings for companies in the Luxury industry have grown 68% 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	1.74%
Consumer Discretionary	-0.75%
Luxury	-8.00%
Textiles	-0.79%
Footwear	-6.44%
Apparel, Accessories and Luxury Goods	-8.21%

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 65.0x.

Analysts are expecting annual earnings growth of 15.2%, 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 78% over the next 5 years.

In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 15% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	BOSS Hugo Boss	€38.01	0.08% +€2.1m	-7.7%	PE11.3x
	ELB elumeo	€1.98	15.8% +€1.6m	-7.5%	PS0.3x

Company

Last Price

Valuation

BOSS Hugo Boss

€38.01

0.08%
+€2.1m

-7.7%

PE11.3x

ELB elumeo

€1.98

15.8%
+€1.6m

-7.5%

PS0.3x

PUMA SE Provides Earnings Guidance for Second Half of 2026 and Confirms Earnings Guidance for Year 2026

PUMA SE provided earnings guidance for second half of 2026 and confirmed earnings guidance for year 2026. After a solid first quarter and a softer second quarter in line with expectations, they expect sales to improve sequentially in the second half of 2026. This supports confidence in the full-year trajectory, and they confirm outlook for the full year. PUMA has updated its assumptions for the financial year 2026 to reflect the company’s current assessment of geopolitical and macroeconomic developments. This update takes into account potential negative effects related to the Middle East conflict on sales and profitability. It also reflects potential positive effects from lower tariff rates and tariff refunds on profitability in the mid double-digit million euro range, resulting from the U.S. Supreme Court’s decision dated February 20, 2026. At the time the original outlook was published on February 26, 2026, the potential positive effects resulting from the U.S. Supreme Court’s decision dated February 20, 2026 were not yet sufficiently quantifiable and certain, while the conflict in the Middle East began only thereafter. At the time of the first-quarter reporting, PUMA explicitly stated that these effects were not incorporated into the Fiscal Year 2026 outlook, as they were not yet sufficiently quantifiable and visible. Based on the updated assumptions, the expected negative and positive effects on full-year profitability are now anticipated to largely offset each other. Against this backdrop, PUMA confirms its outlook. The company projects an operating result (EBIT) between €-50 million and €-150 million, including one-time effects related to the implemented cost efficiency program. These measures are expected to generate healthy profits and support the company’s ambition to become one of the top three sports brands globally in the medium term.

German (DAX) Luxury Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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