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German (DAX) Asset Management Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies96
  • 7D0.8%
  • 3M11.6%
  • 1Y24.0%
  • YTDn/a

The Asset Management industry has been flat over the last week, but Beta Systems Software has lost 7.2%. The past year has been better, since the industry has gained 24% in that time. As for the next few years, earnings are expected to grow by 7.7% per annum.

Industry Valuation and Performance

Has the German Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026€21.2b€14.9b€1.1b14.7x19.3x1.4x
Tue, 21 Jul 2026€20.4b€14.9b€1.0b14.2x19.5x1.4x
Thu, 18 Jun 2026€18.5b€14.8b€1.0b13.6x17.9x1.2x
Sat, 16 May 2026€18.3b€14.7b€1.1b12.9x16.9x1.2x
Mon, 13 Apr 2026€17.3b€14.3b€1.3b12.4x12.9x1.2x
Wed, 11 Mar 2026€16.9b€12.8b€1.4b12.1x12.2x1.3x
Fri, 06 Feb 2026€17.5b€12.7b€1.4b12.6x12.6x1.4x
Sun, 04 Jan 2026€16.2b€13.7b€1.2b13.8x13.1x1.2x
Tue, 02 Dec 2025€15.4b€13.7b€1.3b14x12.2x1.1x
Thu, 30 Oct 2025€15.9b€13.3b€1.2b14.7x13.5x1.2x
Sat, 27 Sep 2025€15.6b€13.3b€1.2b14.1x13.1x1.2x
Mon, 25 Aug 2025€15.6b€13.1b€1.2b15.1x13.3x1.2x
Wed, 23 Jul 2025€14.5b€12.7b€945.0m18.4x15.4x1.1x
Fri, 20 Jun 2025€14.1b€12.9b€823.5m22.1x17.1x1.1x
Sun, 18 May 2025€14.7b€12.5b€784.1m19.4x18.7x1.2x
Tue, 15 Apr 2025€12.9b€12.4b€734.3m19.5x17.6x1x
Thu, 13 Mar 2025€14.8b€11.1b€776.7m17.5x19x1.3x
Sat, 08 Feb 2025€14.5b€11.1b€771.5m15.1x18.8x1.3x
Mon, 06 Jan 2025€12.6b€12.3b€713.4m15.8x17.7x1x
Wed, 04 Dec 2024€12.3b€15.2b€747.7m15.3x16.5x0.8x
Fri, 01 Nov 2024€12.6b€15.0b€780.9m18.5x16.1x0.8x
Sun, 29 Sep 2024€12.0b€15.0b€752.2m20.9x16x0.8x
Tue, 27 Aug 2024€12.0b€15.1b€766.4m23.5x15.7x0.8x
Thu, 25 Jul 2024€11.7b€15.0b€1.1b20.7x10.8x0.8x
Sat, 22 Jun 2024€12.0b€14.8b€1.0b15.5x11.5x0.8x
Mon, 20 May 2024€13.8b€14.8b€1.0b17.2x13.2x0.9x
Wed, 17 Apr 2024€13.3b€14.4b€1.1b16.6x11.6x0.9x
Fri, 15 Mar 2024€12.5b€13.1b€1.1b14.1x11.7x1x
Sun, 11 Feb 2024€11.7b€10.1b€953.9m15.7x12.3x1.2x
Tue, 09 Jan 2024€13.2b€14.5b€1.0b18.1x12.8x0.9x
Thu, 07 Dec 2023€12.5b€14.5b€1.1b16.8x11.9x0.9x
Sat, 04 Nov 2023€12.0b€14.2b€1.0b17.3x11.8x0.8x
Mon, 02 Oct 2023€12.6b€14.2b€963.8m17.9x13.1x0.9x
Wed, 30 Aug 2023€12.5b€14.1b€977.0m19x12.8x0.9x
Price to Earnings Ratio

12.8x


Total Market Cap: €12.5bTotal Earnings: €977.0mTotal Revenue: €14.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Asset Management Industry Price to Earnings3Y Average 14.7x202420252026
Current Industry PE
  • Investors are optimistic on the German Asset Management and Custody Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.2x which is higher than its 3-year average PE of 14.7x.
  • 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 Asset Management and Custody Banks industry have grown 4.0% 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 Comparison

How does German Asset Management compare with similar industries?

DE Market-0.58%
Financials-0.30%
Capital Markets0.066%
Asset Management0.83%
Financial Exchanges and Data3.66%
Investment Banking and Brokerage0.05%
Diversified Capital Markets-3.03%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DWS DWS Group GmbH KGaA€74.050.8%
+€120.0m		35.3%PE14.6x
MLP MLP€9.019.5%
+€85.1m		22.9%PE14.2x
BBHK Deutsche Balaton€3.10k2.0%
+€6.3m		56.6%PE2.5x
ERAG Ernst Russ€7.961.3%
+€3.4m		11.2%PE4.5x
EXJ0 Readcrest Capital€1.446.7%
+€3.0m		-4.0%n/a

Latest News

PEH
€33.00
PEH Wertpapier
7D
-6.8%
1Y
25.0%
DWS
€74.05
DWS Group GmbH KGaA
7D
0.8%
1Y
35.3%
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.
CAG0
€12.20
Clere
7D
-3.2%
1Y
-7.6%
ERAG
€7.96
Ernst Russ
7D
1.3%
1Y
11.2%
GBQ
€5.90
GBK Beteiligungen
7D
5.4%
1Y
14.6%
RMO
€42.00
RM Rheiner Management
7D
26.5%
1Y
11.7%
MLP
€9.01
MLP
7D
9.5%
1Y
22.9%
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...
O4B
€19.40
OVB Holding
7D
-2.0%
1Y
-8.5%
DBAN
€21.10
Deutsche Beteiligungs
7D
0.7%
1Y
-16.8%
Narrative Update • Aug 12

DBAN: Higher Profitability Assumptions Will Support A Stronger Future Rerating

Analysts have reset their view on Deutsche Beteiligungs with a lower implied fair value estimate of €33.02 compared with the prior €37.39. This change reflects updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples.
MUX
€26.80
Mutares SE KGaA
7D
-0.9%
1Y
-4.6%
BBHK
€3,100.00
Deutsche Balaton
7D
2.0%
1Y
56.6%
EXJ0
€1.44
Readcrest Capital
7D
6.7%
1Y
-4.0%
D77
€5.70
DN Group
7D
-0.9%
1Y
9.6%
B8A
€108.00
BAVARIA Industries Group
7D
-0.9%
1Y
n/a
IR1
€2.46
Immovaria Real Estate
7D
-10.9%
1Y
-24.3%
SPT6
€25.80
Beta Systems Software
7D
-7.2%
1Y
49.1%