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German (DAX) Capital Markets Industry Analysis

UpdatedAug 11, 2025
DataAggregated Company Financials
Companies99
  • 7D6.2%
  • 3M7.8%
  • 1Y70.9%
  • YTD42.1%

The Capital Markets industry is up 6.2% in the last week, with Deutsche Bank up 11%. This takes the industry's 12 month performance to a gain of 71%. As for the next few years, earnings are expected to grow by 6.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 Aug 2025€130.5b€52.4b€8.7b19.3x15x2.5x
Wed, 09 Jul 2025€119.6b€49.8b€6.5b23.5x18.5x2.4x
Fri, 06 Jun 2025€121.5b€49.8b€6.4b23.3x19.1x2.4x
Sun, 04 May 2025€120.0b€49.4b€6.3b27.4x19x2.4x
Tue, 01 Apr 2025€113.9b€49.8b€6.7b20.5x17.1x2.3x
Thu, 27 Feb 2025€107.6b€48.4b€5.7b19.2x18.9x2.2x
Sat, 25 Jan 2025€99.4b€48.8b€6.7b19.2x14.9x2x
Mon, 23 Dec 2024€91.0b€51.8b€6.7b19.6x13.6x1.8x
Wed, 20 Nov 2024€88.0b€51.8b€6.7b20.6x13.2x1.7x
Fri, 18 Oct 2024€89.6b€51.1b€6.2b23.1x14.5x1.8x
Sun, 15 Sep 2024€84.3b€51.1b€6.2b25.7x13.6x1.7x
Tue, 13 Aug 2024€77.8b€50.8b€6.4b22.1x12.1x1.5x
Thu, 11 Jul 2024€82.9b€50.1b€7.3b21.7x11.3x1.7x
Sat, 08 Jun 2024€84.1b€50.2b€7.4b21.7x11.3x1.7x
Mon, 06 May 2024€83.8b€49.8b€7.5b22.3x11.2x1.7x
Wed, 03 Apr 2024€82.5b€49.3b€7.2b20x11.5x1.7x
Fri, 01 Mar 2024€78.1b€45.1b€7.1b23.5x11x1.7x
Sun, 28 Jan 2024€77.3b€49.1b€7.7b24.5x10.1x1.6x
Tue, 26 Dec 2023€77.3b€49.2b€7.7b22.2x10.1x1.6x
Thu, 23 Nov 2023€71.9b€49.2b€7.7b21.8x9.4x1.5x
Sat, 21 Oct 2023€65.7b€48.6b€7.7b19.8x8.6x1.4x
Mon, 18 Sep 2023€69.2b€48.4b€7.6b22.2x9.1x1.4x
Wed, 16 Aug 2023€68.8b€47.5b€6.8b18.6x10.1x1.4x
Fri, 14 Jul 2023€66.9b€47.3b€7.6b17.2x8.7x1.4x
Sun, 11 Jun 2023€68.5b€47.5b€7.8b16.5x8.8x1.4x
Tue, 09 May 2023€69.3b€47.4b€7.6b16.1x9.1x1.5x
Thu, 06 Apr 2023€68.4b€46.8b€7.8b9.3x8.8x1.5x
Sat, 04 Mar 2023€71.6b€45.5b€7.8b10.2x9.2x1.6x
Mon, 30 Jan 2023€72.3b€46.4b€6.2b9.1x11.7x1.6x
Wed, 28 Dec 2022€68.0b€46.4b€6.2b9x10.9x1.5x
Fri, 25 Nov 2022€70.7b€46.4b€6.2b9.3x11.4x1.5x
Sun, 23 Oct 2022€64.0b€44.9b€5.8b10.3x11x1.4x
Tue, 20 Sep 2022€67.1b€44.8b€5.7b10.1x11.8x1.5x
Thu, 18 Aug 2022€67.1b€44.8b€5.8b11x11.6x1.5x
Price to Earnings Ratio

11.6x


Total Market Cap: €67.1bTotal Earnings: €5.8bTotal Revenue: €44.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German Capital Markets Industry Price to Earnings3Y Average 12.3x202320242025
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 12.3x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 Market0.33%
Financials5.71%
Capital Markets6.19%
Diversified Capital Markets10.52%
Asset Management6.47%
Investment Banking and Brokerage3.70%
Financial Exchanges and Data1.49%
Industry PE
  • Investors are most optimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average PE ratio of 31.1x.
    • Analysts are expecting annual earnings growth of 17.8%, which is lower than the prior year's growth of 47.5% 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 7.4x.
Forecasted Growth
  • Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 47% per year.
  • In contrast, the Diversified Capital Markets industry is expected to see its earnings grow by 5.8% 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€31.057.0%
+€3.9b
133.3%PE10.9x
DWS DWS Group GmbH KGaA€55.205.5%
+€580.0m
66.6%PE14.6x
DB1 Deutsche Börse€258.400.5%
+€256.6m
39.6%PE23.8x
FTK flatexDEGIRO€27.904.3%
+€122.0m
127.7%PE26.8x
JDC JDC Group€30.006.4%
+€24.3m
41.5%PE62x

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