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German (DAX) Financials Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies146
  • 7D1.2%
  • 3M4.5%
  • 1Y19.9%
  • YTD-2.1%

The Financials industry is up 1.2% in the last week, with Allianz up 4.1%. In the same time, Deutsche Bank was down 6.2%. In the last 12 months, the industry was up 20%. Looking forward, earnings are forecast to grow by 6.8% annually.

Sector Valuation and Performance

Has the German Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026€447.4b€314.7b€33.8b12.2x13.2x1.4x
Tue, 06 Jan 2026€460.8b€315.2b€32.7b13.5x14.1x1.5x
Thu, 04 Dec 2025€433.4b€315.2b€32.7b12.8x13.3x1.4x
Sat, 01 Nov 2025€424.8b€323.1b€31.0b13.7x13.7x1.3x
Mon, 29 Sep 2025€432.4b€323.1b€31.4b13.8x13.8x1.3x
Wed, 27 Aug 2025€447.1b€323.7b€31.3b13.9x14.3x1.4x
Fri, 25 Jul 2025€438.4b€314.9b€27.9b15.6x15.7x1.4x
Sun, 22 Jun 2025€424.3b€315.0b€27.8b18.6x15.3x1.3x
Tue, 20 May 2025€434.5b€313.0b€27.8b17.3x15.6x1.4x
Thu, 17 Apr 2025€414.2b€308.9b€28.2b16.6x14.7x1.3x
Sat, 15 Mar 2025€415.2b€312.5b€28.5b14.1x14.6x1.3x
Mon, 10 Feb 2025€374.6b€306.7b€27.5b14.2x13.6x1.2x
Wed, 08 Jan 2025€353.0b€307.3b€28.5b14.4x12.4x1.1x
Fri, 06 Dec 2024€355.6b€310.5b€28.6b14.2x12.4x1.1x
Sun, 03 Nov 2024€337.2b€313.0b€28.0b15x12x1.1x
Tue, 01 Oct 2024€345.8b€313.1b€27.6b15.4x12.5x1.1x
Thu, 29 Aug 2024€334.4b€313.3b€27.7b15.3x12.1x1.1x
Sat, 27 Jul 2024€316.0b€304.3b€27.2b15.7x11.6x1x
Mon, 24 Jun 2024€318.7b€303.6b€28.0b15x11.4x1x
Wed, 22 May 2024€324.8b€303.6b€28.1b15.1x11.6x1.1x
Fri, 19 Apr 2024€310.5b€310.0b€26.3b15.6x11.8x1x
Sun, 17 Mar 2024€315.0b€323.1b€26.3b13.1x12x1x
Tue, 13 Feb 2024€293.3b€325.6b€24.2b13.5x12.1x0.9x
Thu, 11 Jan 2024€293.4b€329.5b€24.8b15x11.8x0.9x
Sat, 09 Dec 2023€291.3b€329.6b€24.9b14.2x11.7x0.9x
Mon, 06 Nov 2023€269.3b€340.8b€24.4b13.6x11.1x0.8x
Wed, 04 Oct 2023€267.9b€340.3b€24.3b13.6x11x0.8x
Fri, 01 Sep 2023€268.1b€349.4b€23.4b14.3x11.5x0.8x
Sun, 30 Jul 2023€267.7b€331.5b€23.3b15.9x11.5x0.8x
Tue, 27 Jun 2023€252.9b€331.8b€24.5b15.5x10.3x0.8x
Thu, 25 May 2023€241.1b€321.1b€21.2b12.6x11.4x0.8x
Sat, 22 Apr 2023€263.7b€326.0b€22.3b12.9x11.8x0.8x
Mon, 20 Mar 2023€236.2b€326.1b€22.6b10.7x10.5x0.7x
Wed, 15 Feb 2023€257.6b€316.6b€19.1b12.5x13.5x0.8x
Price to Earnings Ratio

13.5x


Total Market Cap: €257.6bTotal Earnings: €19.1bTotal Revenue: €316.6bTotal Market Cap vs Earnings and Revenue0%0%0%
German Financials Sector Price to Earnings3Y Average 12.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the German Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 12.5x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 21% 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 Financials sector?

DE Market0.83%
Financials1.23%
Insurance4.03%
Consumer Finance3.23%
Mortgage Finance0%0
Banks-1.93%
Diversified Financial-3.30%
Capital Markets-3.31%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 9.9x.
    • Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings growth of 11.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 30% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 5.2% 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
ALV Allianz€387.204.1%
+€5.9b		21.6%PE14.1x
MUV2 Münchener Rückversicherungs-Gesellschaft in München€532.003.8%
+€2.5b		1.3%PE10.9x
HNR1 Hannover Rück€248.404.0%
+€1.2b		-1.7%PE12.1x
TLX Talanx€110.904.1%
+€1.1b		33.5%PE12.2x
DB1 Deutsche Börse€214.500.6%
+€219.9m		-10.8%PE19.5x

Latest News

HNR1
€248.40
Hannover Rück
7D
4.0%
1Y
-1.7%
DBK
€31.25
Deutsche Bank
7D
-6.2%
1Y
68.1%
TLX
€110.90
Talanx
7D
4.1%
1Y
33.5%
DB1
€214.50
Deutsche Börse
7D
0.6%
1Y
-10.8%
HYQ
€88.70
Hypoport
7D
-10.1%
1Y
-55.1%

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CBK
€34.01
Commerzbank
7D
-2.0%
1Y
80.3%

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DWS
€60.00
DWS Group GmbH KGaA
7D
-2.9%
1Y
23.2%
FTK
€39.16
flatexDEGIRO
7D
-4.9%
1Y
120.9%

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MUV2
€532.00
Münchener Rückversicherungs-Gesellschaft in München
7D
3.8%
1Y
1.3%

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Narrative Update Analysts have trimmed their fair value estimate for Münchener Rückversicherungs-Gesellschaft in München from about €587.21 to about €585.49, reflecting recent price target adjustments and a view that slightly softer revenue growth and a lower future P/E are partly offset by a modestly higher profit margin outlook. Analyst Commentary Recent Street research on Münchener Rückversicherungs-Gesellschaft in München shows a mix of optimistic and cautious views, with differing opinions on upside potential and risk at current levels.
ALV
€387.20
Allianz
7D
4.1%
1Y
21.6%

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XE8
€0.017
Black Sea Property
7D
3,200.0%
1Y
450.0%
CHG
€30.50
CHAPTERS Group
7D
-19.5%
1Y
-2.9%

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AEE1
€1.23
More Impact
7D
28.8%
1Y
-56.4%
JDC
€24.00
JDC Group
7D
-6.3%
1Y
9.1%
WUW
€15.70
Wüstenrot & Württembergische
7D
4.5%
1Y
29.1%
CPX
€12.70
capsensixx
7D
-39.5%
1Y
-12.4%

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