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German (DAX) Capital Markets Industry Analysis

UpdatedSep 06, 2026
DataAggregated Company Financials
Companies114
  • 7D-0.7%
  • 3M20.7%
  • 1Y18.2%
  • YTD14.7%

In the last week, the Capital Markets industry is flat overall, with Deutsche Börse standing out by going down 3.4%. The past year has been better, since the industry has gained 18% in that time. Looking forward, earnings are forecast to grow by 7.7% annually.

Industry Valuation and Performance

Has the German Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 06 Sep 2026€146.8b€56.6b€9.8b15x15x2.6x
Tue, 04 Aug 2026€138.3b€56.3b€9.7b14.7x14.3x2.5x
Thu, 02 Jul 2026€127.8b€54.8b€9.3b14.5x13.7x2.3x
Sat, 30 May 2026€124.7b€55.3b€9.5b14.9x13.2x2.3x
Mon, 27 Apr 2026€125.1b€54.1b€9.5b14.9x13.1x2.3x
Wed, 25 Mar 2026€116.0b€54.1b€9.6b13.7x12.1x2.1x
Fri, 20 Feb 2026€123.1b€53.1b€9.9b12.9x12.5x2.3x
Sun, 18 Jan 2026€129.2b€53.7b€8.7b14.9x14.8x2.4x
Tue, 16 Dec 2025€124.9b€53.5b€8.7b14.9x14.3x2.3x
Thu, 13 Nov 2025€125.8b€53.2b€8.7b14.9x14.5x2.4x
Sat, 11 Oct 2025€123.3b€53.2b€8.9b16.7x13.8x2.3x
Mon, 08 Sep 2025€125.2b€53.1b€8.9b15.8x14.1x2.4x
Wed, 06 Aug 2025€125.4b€52.4b€8.7b19.4x14.4x2.4x
Fri, 04 Jul 2025€119.8b€49.6b€6.4b23.4x18.8x2.4x
Sun, 01 Jun 2025€121.1b€49.8b€6.4b22.8x19x2.4x
Tue, 29 Apr 2025€115.2b€48.5b€5.7b27x20.2x2.4x
Thu, 27 Mar 2025€115.8b€49.8b€6.7b22.3x17.4x2.3x
Sat, 22 Feb 2025€104.2b€48.4b€5.7b18.9x18.2x2.2x
Mon, 20 Jan 2025€97.4b€48.8b€6.7b19x14.6x2x
Wed, 18 Dec 2024€92.6b€51.8b€6.7b20x13.8x1.8x
Fri, 15 Nov 2024€88.1b€51.7b€6.7b20.7x13.2x1.7x
Sun, 13 Oct 2024€88.5b€51.1b€6.2b22.8x14.3x1.7x
Tue, 10 Sep 2024€85.4b€51.2b€6.2b25.5x13.8x1.7x
Thu, 08 Aug 2024€76.9b€50.9b€6.5b20.7x11.9x1.5x
Sat, 06 Jul 2024€83.8b€50.1b€7.3b21.1x11.6x1.7x
Mon, 03 Jun 2024€84.3b€50.1b€7.3b21.8x11.5x1.7x
Wed, 01 May 2024€82.4b€49.8b€7.4b21.1x11.1x1.7x
Fri, 29 Mar 2024€83.1b€49.5b€7.2b21.6x11.6x1.7x
Sun, 25 Feb 2024€77.8b€45.1b€7.1b23.4x11x1.7x
Tue, 23 Jan 2024€77.7b€49.1b€7.7b25x10.2x1.6x
Thu, 21 Dec 2023€76.8b€49.2b€7.7b22.2x10x1.6x
Sat, 18 Nov 2023€71.4b€49.2b€7.7b21.6x9.3x1.5x
Mon, 16 Oct 2023€67.0b€48.5b€7.6b19.9x8.8x1.4x
Wed, 13 Sep 2023€68.2b€48.4b€7.6b22.2x8.9x1.4x
Price to Earnings Ratio

8.9x


Total Market Cap: €68.2bTotal Earnings: €7.6bTotal Revenue: €48.4bTotal Market Cap vs Earnings and Revenue0%0%0%
German Capital Markets Industry Price to Earnings3Y Average 13.5x202420252026
Current Industry PE
  • Investors are optimistic on the German Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.0x which is higher than its 3-year average PE of 13.5x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 8.5% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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-1.60%
Financials0.37%
Capital Markets-0.68%
Diversified Capital Markets1.91%
Asset Management-0.99%
Investment Banking and Brokerage-2.92%
Financial Exchanges and Data-3.39%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 7.1%, which is lower than the prior year's growth of 157.9% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 73% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 7.0% 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
DBK Deutsche Bank€35.571.9%
+€1.2b		19.1%PE10.9x
PEH PEH Wertpapier€33.407.1%
+€3.6m		23.7%PE10.4x
XTP Sino€106.001.4%
+€3.5m		3.4%PE9x
NF4 Netfonds€79.501.9%
+€3.5m		84.0%PE95.5x
MWB0 mwb fairtrade Wertpapierhandelsbank€10.903.8%
+€3.0m		38.0%PE5.8x

Latest News

JDC
€19.85
JDC Group
7D
-6.4%
1Y
-32.5%
Narrative Update • Sep 03

JDC: 2026 Revenue Guidance Provides Foundation For Higher Future Share Value

Analysts have increased their fair value estimate for JDC Group from €30.84 to €34.67, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that they consider more closely aligned with the company’s current profile. What's in the News JDC Group AG confirmed earnings guidance for 2026, with expected revenues in a range of €300 million to €330 million.
DBK
€35.57
Deutsche Bank
7D
1.9%
1Y
19.1%
Narrative Update • Sep 03

DBK: Capital Returns And Energy Trading Rebuild Will Support Future Upside

Analysts have lifted their fair value estimate for Deutsche Bank, increasing the price target from €41.00 to €43.75, citing updated assumptions on the discount rate, revenue growth, profit margins and future P/E levels. What’s in the News for Deutsche Bank Deutsche Bank is rebuilding its energy trading unit after a long absence from the sector, aiming to re-enter energy markets where competitors such as Goldman Sachs and Morgan Stanley are active.
MUX
€25.30
Mutares SE KGaA
7D
-2.1%
1Y
-14.7%
LSNA
€4.10
Private Assets SE KGaA
7D
13.9%
1Y
n/a
AEE1
€0.54
More Impact
7D
-12.9%
1Y
-71.6%
NF4
€79.50
Netfonds
7D
1.9%
1Y
84.0%
PEH
€33.40
PEH Wertpapier
7D
7.1%
1Y
23.7%
DWS
€75.95
DWS Group GmbH KGaA
7D
-0.6%
1Y
46.6%
Narrative Update • Aug 21

DWS: Future Returns Will Depend On Bond ETFs And 2026 EPS Guidance

Analysts have lifted their price target for DWS Group GmbH KGaA to €68.75 from €67.05, citing updated assumptions on discount rate, revenue trends, profit margin and future P/E that slightly adjust the valuation outlook. What’s in the News for DWS Group GmbH KGaA Analysts at DWS Group were cited in coverage of the U.S. bond market, highlighting that recent moves in long dated U.S. Treasury yields appear more closely linked to geopolitical issues and inflation concerns than to Treasury buyback activity.
MLP
€9.16
MLP
7D
-3.6%
1Y
33.3%
Analysis Article • Aug 17

MLP SE (ETR:MLP) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Investors in MLP SE ( ETR:MLP ) had a good week, as its shares rose 6.5% to close at €8.23 following the release of its...
EUX
€47.00
EUWAX
7D
0.9%
1Y
0.9%
FTK
€36.14
flatexDEGIRO
7D
-5.2%
1Y
32.9%
DB1
€281.30
Deutsche Börse
7D
-3.4%
1Y
14.4%
MWB0
€10.90
mwb fairtrade Wertpapierhandelsbank
7D
3.8%
1Y
38.0%
5NB
€37.00
Novetum
7D
-7.5%
1Y
n/a
XTP
€106.00
Sino
7D
1.4%
1Y
3.4%
SRAG
€2.09
Samara Asset Group
7D
2.5%
1Y
18.8%