Analysis Article • Jul 11
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German (DAX) Consumer Discretionary Sector Analysis
UpdatedJul 13, 2026
DataAggregated Company Financials
Companies91
- 7D-3.2%
- 3M-5.6%
- 1Y-10.9%
- YTD-17.5%
Over the last 7 days, the Consumer Discretionary industry has dropped 3.2%, driven by declines in Mercedes-Benz Group and Bayerische Motoren Werke of 3.1% and 3.3%, respectively. On the other hand HORNBACH Baumarkt is actually up 11%. The industry has fallen 11% in the last 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 Jul 2026 | €282.6b | €841.0b | €21.1b | 15.1x | 13.4x | 0.3x |
| Wed, 10 Jun 2026 | €300.3b | €840.9b | €21.1b | 16.2x | 14.2x | 0.4x |
| Fri, 08 May 2026 | €296.4b | €840.5b | €21.0b | 15.2x | 14.1x | 0.4x |
| Sun, 05 Apr 2026 | €287.7b | €846.8b | €22.5b | 14.9x | 12.8x | 0.3x |
| Tue, 03 Mar 2026 | €324.7b | €880.3b | €449.4m | 17.5x | 722.5x | 0.4x |
| Thu, 29 Jan 2026 | €324.2b | €880.3b | €390.1m | 15.6x | 831.2x | 0.4x |
| Sat, 27 Dec 2025 | €334.3b | €880.3b | €374.7m | 15.5x | 892.1x | 0.4x |
| Mon, 24 Nov 2025 | €310.0b | €880.0b | €502.4m | 14x | 616.9x | 0.4x |
| Wed, 22 Oct 2025 | €317.9b | €880.8b | €3.8b | 16.4x | 84x | 0.4x |
| Fri, 19 Sep 2025 | €316.3b | €861.3b | €3.8b | 17.8x | 83.9x | 0.4x |
| Sun, 17 Aug 2025 | €323.6b | €859.5b | €3.4b | 13.9x | 95x | 0.4x |
| Tue, 15 Jul 2025 | €317.3b | €868.0b | €8.1b | 13.5x | 39.3x | 0.4x |
| Thu, 12 Jun 2025 | €314.1b | €868.1b | €8.1b | 12.9x | 38.8x | 0.4x |
| Sat, 10 May 2025 | €322.8b | €868.2b | €10.4b | 13.8x | 31.1x | 0.4x |
| Mon, 07 Apr 2025 | €290.5b | €867.1b | €12.8b | 11.7x | 22.7x | 0.3x |
| Wed, 05 Mar 2025 | €340.2b | €871.4b | €40.3b | 13.2x | 8.4x | 0.4x |
| Fri, 31 Jan 2025 | €350.9b | €870.2b | €40.2b | 14.2x | 8.7x | 0.4x |
| Sun, 29 Dec 2024 | €335.0b | €871.8b | €40.2b | 13.7x | 8.3x | 0.4x |
| Tue, 26 Nov 2024 | €323.0b | €871.1b | €40.2b | 12.6x | 8x | 0.4x |
| Thu, 24 Oct 2024 | €343.0b | €879.5b | €48.7b | 13.1x | 7x | 0.4x |
| Sat, 21 Sep 2024 | €332.3b | €888.0b | €48.7b | 11.7x | 6.8x | 0.4x |
| Mon, 19 Aug 2024 | €344.5b | €886.4b | €48.5b | 11.8x | 7.1x | 0.4x |
| Wed, 17 Jul 2024 | €368.4b | €884.0b | €49.3b | 12.9x | 7.5x | 0.4x |
| Fri, 14 Jun 2024 | €381.7b | €884.2b | €49.2b | 13.6x | 7.8x | 0.4x |
| Sun, 12 May 2024 | €404.8b | €879.2b | €49.0b | 12.8x | 8.3x | 0.5x |
| Tue, 09 Apr 2024 | €439.3b | €883.1b | €52.0b | 11.8x | 8.4x | 0.5x |
| Thu, 07 Mar 2024 | €404.9b | €869.8b | €49.9b | 14.3x | 8.1x | 0.5x |
| Sat, 03 Feb 2024 | €387.5b | €870.8b | €49.6b | 12.9x | 7.8x | 0.4x |
| Mon, 01 Jan 2024 | €388.4b | €870.8b | €49.6b | 13.1x | 7.8x | 0.4x |
| Wed, 29 Nov 2023 | €380.5b | €870.1b | €49.7b | 13.8x | 7.7x | 0.4x |
| Fri, 27 Oct 2023 | €363.3b | €862.2b | €46.7b | 13.6x | 7.8x | 0.4x |
| Sun, 24 Sep 2023 | €407.6b | €861.3b | €46.7b | 14.3x | 8.7x | 0.5x |
| Tue, 22 Aug 2023 | €423.4b | €860.4b | €46.0b | 16.3x | 9.2x | 0.5x |
| Thu, 20 Jul 2023 | €449.2b | €823.8b | €46.6b | 13.7x | 9.6x | 0.5x |
Price to Earnings Ratio
9.6x
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 13.4x which is lower than its 3-year average PE of 41.9x.
- The industry is trading close to its 3-year average PS ratio of 0.40x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have declined 23% 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 | -2.61% | |
| Consumer Discretionary | -3.24% | |
| Consumer Durables | 0.56% | |
| General Merchandise and Department Stores | 0.54% | |
| Consumer Services | 0% | 0 |
| Retail Distributors | 0% | 0 |
| Online Retail and Ecommerce | 0% | 0 |
| Specialty Stores | -0.99% | |
| Luxury | -1.46% | |
| Hospitality | -1.47% | |
| Leisure | -2.10% | |
| Auto Components | -3.89% | |
| Auto | -4.10% | |
Industry PE
- Investors are most optimistic about the Leisure industry which is trading above its 3-year average PE ratio of 3.8x.
- Analysts are expecting annual earnings growth of 51.3%, which is lower than the prior year's growth of 587.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 70% 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 18% 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 | |
|---|---|---|---|---|---|
| PUM PUMA | €28.96 | 3.7% +€151.6m | 30.8% | PS0.6x | |
| DHER Delivery Hero | €36.97 | 0.7% +€72.9m | 55.5% | PS0.8x | |
| TIMA ZEAL Network | €44.50 | 3.5% +€31.6m | -5.9% | PE23.4x | |
| CEC Ceconomy | €3.90 | 1.7% +€31.5m | 3.0% | PS0.08x | |
| GMM Grammer | €10.10 | 14.1% +€18.6m | 60.3% | PE7.1x |
