Narrative Update • May 24
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German (DAX) Consumer Discretionary Sector Analysis
UpdatedMay 25, 2026
DataAggregated Company Financials
Companies92
- 7D1.6%
- 3M-6.6%
- 1Y-4.4%
- YTD-11.7%
The Consumer Discretionary industry is up 1.6% in the last week, with adidas up 4.9%. In contrast, the industry has lost 4.4% in the last 12 months. As for the next few years, earnings are expected to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Tue, 26 May 2026 | €302.8b | €841.0b | €21.1b | 14.9x | 14.4x | 0.4x |
| Thu, 23 Apr 2026 | €295.9b | €847.0b | €22.4b | 11.2x | 13.2x | 0.3x |
| Sat, 21 Mar 2026 | €277.7b | €845.8b | -€1,453,301,557.75 | 14.9x | -191x | 0.3x |
| Mon, 16 Feb 2026 | €325.0b | €880.3b | €447.5m | 16.4x | 726.3x | 0.4x |
| Wed, 14 Jan 2026 | €334.5b | €880.3b | €389.8m | 17.4x | 858.2x | 0.4x |
| Fri, 12 Dec 2025 | €339.9b | €880.0b | €504.1m | 15.6x | 674.3x | 0.4x |
| Sun, 09 Nov 2025 | €317.3b | €880.1b | -€123,186,673.52 | 17.9x | -2575.8x | 0.4x |
| Tue, 07 Oct 2025 | €324.0b | €880.7b | €3.8b | 16.5x | 85.7x | 0.4x |
| Thu, 04 Sep 2025 | €269.7b | €721.5b | -€3,061,527,594.41 | 17.9x | -88.1x | 0.4x |
| Sat, 02 Aug 2025 | €305.1b | €860.7b | €3.8b | 13.4x | 80.4x | 0.4x |
| Mon, 30 Jun 2025 | €308.0b | €868.2b | €8.1b | 12.7x | 38x | 0.4x |
| Wed, 28 May 2025 | €318.6b | €942.1b | -€12,832,249,198.90 | 13.4x | -24.8x | 0.3x |
| Fri, 25 Apr 2025 | €319.1b | €867.1b | €12.9b | 13.2x | 24.8x | 0.4x |
| Sun, 23 Mar 2025 | €335.3b | €867.1b | €36.8b | 12.5x | 9.1x | 0.4x |
| Tue, 18 Feb 2025 | €359.3b | €871.4b | €40.3b | 14.7x | 8.9x | 0.4x |
| Thu, 16 Jan 2025 | €340.9b | €870.2b | €40.2b | 13.3x | 8.5x | 0.4x |
| Sat, 14 Dec 2024 | €344.6b | €873.8b | €40.1b | 13x | 8.6x | 0.4x |
| Mon, 11 Nov 2024 | €324.6b | €870.8b | €41.4b | 13.3x | 7.8x | 0.4x |
| Wed, 09 Oct 2024 | €346.1b | €887.9b | €48.7b | 11.9x | 7.1x | 0.4x |
| Fri, 06 Sep 2024 | €346.7b | €887.7b | €48.6b | 11.9x | 7.1x | 0.4x |
| Sun, 04 Aug 2024 | €344.8b | €886.2b | €48.4b | 12.5x | 7.1x | 0.4x |
| Tue, 02 Jul 2024 | €365.1b | €884.0b | €49.2b | 13.3x | 7.4x | 0.4x |
| Thu, 30 May 2024 | €390.5b | €879.8b | €49.1b | 13.3x | 7.9x | 0.4x |
| Sat, 27 Apr 2024 | €425.1b | €883.5b | €52.0b | 11.7x | 8.2x | 0.5x |
| Mon, 25 Mar 2024 | €418.9b | €883.2b | €51.9b | 12.4x | 8.1x | 0.5x |
| Wed, 21 Feb 2024 | €391.8b | €870.6b | €49.8b | 12.4x | 7.9x | 0.5x |
| Fri, 19 Jan 2024 | €364.6b | €870.8b | €49.6b | 12.3x | 7.3x | 0.4x |
| Sun, 17 Dec 2023 | €399.6b | €870.7b | €49.7b | 14.2x | 8x | 0.5x |
| Tue, 14 Nov 2023 | €374.3b | €870.2b | €48.9b | 13.7x | 7.7x | 0.4x |
| Thu, 12 Oct 2023 | €396.8b | €861.3b | €46.7b | 13.5x | 8.5x | 0.5x |
| Sat, 09 Sep 2023 | €410.0b | €861.7b | €46.7b | 13.8x | 8.8x | 0.5x |
| Mon, 07 Aug 2023 | €445.4b | €839.3b | €47.0b | 13.4x | 9.5x | 0.5x |
| Wed, 05 Jul 2023 | €451.9b | €823.9b | €46.6b | 13.8x | 9.7x | 0.5x |
| Fri, 02 Jun 2023 | €432.0b | €831.2b | €47.6b | 13.7x | 9.1x | 0.5x |
Price to Earnings Ratio
9.1x
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 | 2.37% | |
| Consumer Discretionary | 1.60% | |
| Luxury | 4.70% | |
| Hospitality | 4.40% | |
| General Merchandise and Department Stores | 3.52% | |
| Specialty Stores | 2.66% | |
| Auto | 1.00% | |
| Auto Components | 0.11% | |
| Online Retail and Ecommerce | 0% | 0 |
| Consumer Services | -0.91% | |
| Consumer Durables | -1.04% | |
| Leisure | -1.06% | |
| Retail Distributors | -13.00% | |
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 47.5%, 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 75% 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 | |
|---|---|---|---|---|---|
| DHER Delivery Hero | €37.60 | 20.7% +€1.9b | 51.4% | PS0.8x | |
| ADS adidas | €157.85 | 7.2% +€1.9b | -27.8% | PE20.1x | |
| BMW Bayerische Motoren Werke | €75.44 | 1.8% +€801.4m | -1.8% | PE6.7x | |
| MBG Mercedes-Benz Group | €50.76 | 1.6% +€739.2m | -1.6% | PE9.7x | |
| ZAL Zalando | €21.72 | 10.6% +€506.9m | -30.0% | PE45.1x |
