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German (DAX) Banks Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies4
  • 7D-1.5%
  • 3M-9.2%
  • 1Y37.1%
  • YTD-10.9%

Over the last 7 days, the Banks industry has dropped 1.5%, driven by a pullback from Commerzbank of 1.5%. This takes the industry's 12 month performance to a gain of 37%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the German Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026€35.8b€12.1b€2.7b10.2x13.1x3x
Sat, 21 Feb 2026€38.5b€12.1b€2.7b12.1x14.3x3.2x
Mon, 19 Jan 2026€39.1b€11.9b€2.5b12x15.6x3.3x
Wed, 17 Dec 2025€39.0b€11.9b€2.5b11.8x15.6x3.3x
Fri, 14 Nov 2025€39.5b€12.0b€2.5b12.7x15.7x3.3x
Sun, 12 Oct 2025€36.2b€11.7b€2.5b10.6x14.5x3.1x
Tue, 09 Sep 2025€38.7b€11.7b€2.5b9.5x15.5x3.3x
Thu, 07 Aug 2025€38.4b€11.7b€2.6b9.8x15x3.3x
Sat, 05 Jul 2025€34.0b€11.3b€2.7b11.1x12.8x3x
Mon, 02 Jun 2025€32.5b€11.3b€2.7b10.5x12.2x2.9x
Wed, 30 Apr 2025€29.2b€11.1b€2.6b10.1x11.3x2.6x
Fri, 28 Mar 2025€27.8b€11.0b€2.8b10.5x10x2.5x
Sun, 23 Feb 2025€24.0b€11.0b€2.8b9.5x8.6x2.2x
Tue, 21 Jan 2025€22.3b€10.5b€2.2b10.5x9.9x2.1x
Thu, 19 Dec 2024€19.3b€10.5b€2.2b9.3x8.6x1.8x
Sat, 16 Nov 2024€19.6b€10.4b€2.2b9.7x8.7x1.9x
Mon, 14 Oct 2024€20.5b€10.6b€2.3b8.8x9x1.9x
Wed, 11 Sep 2024€15.7b€10.6b€2.3b7.6x6.9x1.5x
Fri, 09 Aug 2024€15.4b€10.6b€2.3b7.7x6.7x1.4x
Sun, 07 Jul 2024€18.3b€10.6b€2.3b8.4x7.9x1.7x
Tue, 04 Jun 2024€19.2b€10.6b€2.3b8.8x8.2x1.8x
Thu, 02 May 2024€17.4b€10.5b€2.2b8.7x8x1.7x
Sat, 30 Mar 2024€16.0b€10.5b€2.2b9.3x7.4x1.5x
Mon, 26 Feb 2024€13.7b€10.4b€2.3b8.3x5.8x1.3x
Wed, 24 Jan 2024€14.0b€10.5b€2.2b8.9x6.3x1.3x
Fri, 22 Dec 2023€14.1b€10.5b€2.2b8.9x6.3x1.3x
Sun, 19 Nov 2023€14.8b€10.5b€2.2b9.2x6.6x1.4x
Tue, 17 Oct 2023€13.9b€9.5b€1.7b9.3x8.1x1.5x
Thu, 14 Sep 2023€13.0b€9.5b€1.7b9.2x7.6x1.4x
Sat, 12 Aug 2023€13.7b€9.5b€1.7b10.4x8.1x1.4x
Mon, 10 Jul 2023€13.9b€9.4b€1.6b9.5x8.6x1.5x
Wed, 07 Jun 2023€12.6b€9.3b€1.6b8.7x7.9x1.3x
Fri, 05 May 2023€12.1b€9.0b€1.3b9.6x9.5x1.3x
Sun, 02 Apr 2023€12.6b€8.9b€1.5b10.7x8.6x1.4x
Price to Earnings Ratio

8.6x


Total Market Cap: €12.6bTotal Earnings: €1.5bTotal Revenue: €8.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Banks Industry Price to Earnings3Y Average 10x202420252026
Current Industry PE
  • Investors are optimistic on the German Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.1x which is higher than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the German Financials industry?

DE Market-2.23%
Financials-2.02%
Banks-1.52%
Regional Banks0%0
Diversified Banks-1.52%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 10.0x.
    • Analysts are expecting annual earnings growth of 11.0%, which is higher than its past year's earnings growth of 6.5% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings growth rate of 6.5% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 11% 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
CBK Commerzbank€31.491.1%
+€356.7m
38.1%PB1x
PCZ ProCredit Holding€7.520.5%
+€2.4m
-22.2%PB0.4x

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