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German (DAX) Specialty Stores Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies19
  • 7D-2.6%
  • 3M-15.0%
  • 1Y-15.2%
  • YTD-16.2%

Over the last 7 days, the Specialty Stores industry has dropped 2.6%, driven by Zalando declining 7.0%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

Has the German Specialty Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026€21.5b€65.2b€805.3m16.4x26.7x0.3x
Tue, 17 Feb 2026€22.3b€64.4b€814.3m18x27.4x0.3x
Thu, 15 Jan 2026€26.1b€64.4b€799.5m19x32.6x0.4x
Sat, 13 Dec 2025€24.9b€64.1b€901.8m19.6x27.6x0.4x
Mon, 10 Nov 2025€24.3b€64.1b€880.9m19.3x27.6x0.4x
Wed, 08 Oct 2025€28.5b€64.9b€782.1m21.2x36.4x0.4x
Fri, 05 Sep 2025€27.6b€64.4b€771.7m20.7x35.7x0.4x
Sun, 03 Aug 2025€27.5b€64.1b€605.8m14.2x45.4x0.4x
Tue, 01 Jul 2025€28.5b€64.1b€605.8m14.6x47.1x0.4x
Thu, 29 May 2025€28.1b€64.0b€615.4m13.4x45.7x0.4x
Sat, 26 Apr 2025€27.4b€63.3b€682.0m19x40.1x0.4x
Mon, 24 Mar 2025€26.7b€62.9b€606.8m14.6x43.9x0.4x
Wed, 19 Feb 2025€28.3b€62.7b€453.1m17.6x62.4x0.5x
Fri, 17 Jan 2025€25.4b€62.0b€414.3m19.9x61.3x0.4x
Sun, 15 Dec 2024€26.6b€62.6b€338.2m10.9x78.7x0.4x
Tue, 12 Nov 2024€22.0b€61.7b€358.5m11x61.4x0.4x
Thu, 10 Oct 2024€23.0b€61.5b€291.3m11.4x79.1x0.4x
Sat, 07 Sep 2024€20.4b€61.4b€238.6m15.4x85.3x0.3x
Mon, 05 Aug 2024€19.9b€60.6b€163.3m24x121.6x0.3x
Wed, 03 Jul 2024€19.9b€60.7b€177.9m21.4x111.7x0.3x
Fri, 31 May 2024€18.9b€56.3b€90.5m21.6x209.1x0.3x
Sun, 28 Apr 2024€18.2b€56.0b-€226,851,503.0031.5x-80.2x0.3x
Tue, 26 Mar 2024€17.3b€56.1b-€266,527,503.0030.6x-65.1x0.3x
Thu, 22 Feb 2024€15.8b€56.4b-€166,356,503.0029.3x-95.1x0.3x
Sat, 20 Jan 2024€15.7b€57.1b-€226,756,503.0031.6x-69.4x0.3x
Mon, 18 Dec 2023€18.0b€57.1b-€225,156,503.0043.3x-80x0.3x
Wed, 15 Nov 2023€18.0b€57.2b-€195,671,836.0047.9x-91.8x0.3x
Fri, 13 Oct 2023€17.4b€57.5b-€250,592,836.0047.7x-69.6x0.3x
Sun, 10 Sep 2023€19.3b€57.9b-€285,322,836.0051.3x-67.7x0.3x
Tue, 08 Aug 2023€21.7b€58.2b-€260,937,720.0024.1x-83.3x0.4x
Thu, 06 Jul 2023€20.0b€58.2b-€282,166,173.0013.7x-70.8x0.3x
Sat, 03 Jun 2023€20.4b€60.3b-€259,362,222.0014.9x-78.8x0.3x
Mon, 01 May 2023€23.5b€59.6b-€129,022,557.0010.2x-181.9x0.4x
Wed, 29 Mar 2023€21.5b€59.7b-€87,056,557.009x-246.4x0.4x
Price to Earnings Ratio

-246.4x


Total Market Cap: €21.5bTotal Earnings: -€87,056,557.00Total Revenue: €59.7bTotal Market Cap vs Earnings and Revenue0%0%0%
German Specialty Stores Industry Price to Earnings3Y Average 8.9x202420252026
Current Industry PE
  • Investors are optimistic on the German Specialty Retail industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of 8.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
  • Total earnings for the Specialty Retail industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 2.9% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

DE Market-3.82%
Consumer Discretionary-5.02%
Specialty Stores-2.64%
Computer and Electronics Retail3.57%
Specialty Stores0.33%
Home Furnishing Retail0%0
Home Improvement Retail-0.0023%
Automotive Retail-6.64%
Apparel Retail-7.08%
Industry PE
  • Investors are most optimistic about the Home Furnishing Retail industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 55.5% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Home Furnishing Retail industry, expecting annual earnings growth of 56% over the next 5 years.
  • In contrast, the Home Improvement Retail industry is expected to see its earnings grow by 4.8% 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
CEC Ceconomy€4.493.6%
+€75.2m		33.6%PS0.09x
FIE Fielmann Group€43.101.3%
+€46.2m		-1.8%PE19.8x
HBM HORNBACH Baumarkt€65.001.6%
+€31.8m		-3.0%PE17.9x
ZO1 zooplus€228.000.9%
+€14.3m		-13.0%n/a
WDL1 Nakiki€0.337.8%
+€139.0k		11.1%n/a

Latest News

ZAL
€21.89
Zalando
7D
-7.0%
1Y
-29.4%

ZAL: Future Execution On Margins And Costs Will Shape Balanced Outlook

Zalando's analyst price target has moved from €23 to €24, as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E following a series of recent target hikes and rating upgrades. Analyst Commentary Recent Street research on Zalando has focused on recalibrating fair value estimates and risk assumptions rather than issuing aggressive calls in either direction.
MRX
€1.26
Mister Spex
7D
-4.5%
1Y
-24.6%

MRX: Future Returns Will Balance Revenue Decline With New Stores And Profit Focus

Analysts have nudged their Mister Spex price target slightly higher to €1.20, reflecting small tweaks to the discount rate, revenue growth assumptions, profit margin outlook and forward P/E that broadly offset each other in the refreshed model. What's in the News Mister Spex opened a new premium store on Berlin's Kurfurstendamm on February 26, 2026, bringing its network to seven stores in Berlin and 66 across Germany, with a focus on locations where brand awareness and demand for optical services are already established (Key Developments).
HBH
€79.20
HORNBACH Holding KGaA
7D
-2.5%
1Y
-6.3%

HBH: Confirmed Guidance And Stable Earnings Outlook Will Support Future Upside Potential

Analysts have kept their price target for HORNBACH Holding KGaA broadly unchanged at about €100.29. This reflects only very small technical adjustments to inputs such as the discount rate, long term revenue growth, profit margin assumptions and future P/E expectations, rather than any shift in the core outlook.
GFG
€0.43
Global Fashion Group
7D
-7.3%
1Y
35.2%

GFG: Lower Discount Rate Will Still Leave Shares Vulnerable To Repricing

Analysts have nudged their price target for Global Fashion Group higher to reflect a fair value update from €0.30 to €0.34, citing revised assumptions around revenue growth, profit margins, and a slightly higher future P/E multiple, supported by a lower discount rate. Valuation Changes Fair Value: nudged higher from €0.30 to €0.34 per share.
CEC
€4.49
Ceconomy
7D
3.6%
1Y
33.6%

CEC: Slightly Lower Discount Rate And Margins Will Shape Fairly Valued Outlook

Analysts have adjusted their Ceconomy price target to €4.60, reflecting updated assumptions around the discount rate, modest revenue growth and profit margin expectations, as well as a slightly different forward P/E multiple. Valuation Changes Fair Value: unchanged at €4.60 per share.
DOU
€9.97
Douglas
7D
-3.2%
1Y
-10.6%

DOU: Sales Guidance And Margin Outlook Will Support Future Upside Potential

Analysts have nudged their price target on Douglas slightly higher to €20.41 from €20.34, citing marginally adjusted assumptions around revenue growth, profit margins and future P/E as the basis for the change. What's in the News Douglas AG issued earnings guidance for full year 2025/26, with expected consolidated net sales in a range of €4.65b to €4.80b.
TPG0
€3.10
Platform Group
7D
-12.7%
1Y
-64.6%

TPG0: Active Acquisition Plans And Confirmed 2025 Outlook Will Drive Upside

Analysts have maintained their price target for Platform Group at €19.90. This points to largely unchanged views on fair value, with only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions.
HBM
€65.00
HORNBACH Baumarkt
7D
1.6%
1Y
-3.0%
AG1
€15.22
AUTO1 Group
7D
-6.7%
1Y
-32.3%
FIE
€43.10
Fielmann Group
7D
1.3%
1Y
-1.8%
WFA
€4.50
Weng Fine Art
7D
-6.3%
1Y
4.2%
ZO1
€228.00
zooplus
7D
0.9%
1Y
-13.0%
WDL1
€0.33
Nakiki
7D
7.8%
1Y
11.1%