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German (DAX) Asset Management Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies89
  • 7D2.4%
  • 3M5.7%
  • 1Y35.5%
  • YTDn/a

Over the last 7 days, the Asset Management industry has risen 2.4%, driven by gains from DWS Group GmbH KGaA of 1.3%. In the same time, Clere was down 8.0%. In the last 12 months, the industry was up 36%. Looking forward, earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026€17.4b€13.9b€1.3b13.9x13.7x1.3x
Thu, 11 Dec 2025€15.7b€13.7b€1.3b14.2x12.5x1.1x
Sat, 08 Nov 2025€15.2b€13.4b€1.2b14.5x12.4x1.1x
Mon, 06 Oct 2025€15.7b€13.3b€1.2b14.4x13.3x1.2x
Wed, 03 Sep 2025€15.3b€13.2b€1.2b14x13x1.2x
Fri, 01 Aug 2025€15.3b€12.8b€996.9m18.4x15.4x1.2x
Sun, 29 Jun 2025€14.8b€12.7b€832.4m26.2x17.8x1.2x
Tue, 27 May 2025€14.6b€12.8b€799.3m19.7x18.3x1.1x
Thu, 24 Apr 2025€13.5b€12.4b€734.0m18.8x18.3x1.1x
Sat, 22 Mar 2025€15.3b€12.4b€727.9m18.6x21x1.2x
Mon, 17 Feb 2025€14.3b€11.1b€771.6m16.2x18.5x1.3x
Wed, 15 Jan 2025€12.6b€12.3b€724.7m15.8x17.3x1x
Fri, 13 Dec 2024€12.8b€15.2b€747.7m17x17.1x0.8x
Sun, 10 Nov 2024€12.4b€14.9b€722.4m18.1x17.2x0.8x
Tue, 08 Oct 2024€12.1b€15.0b€759.4m20.1x15.9x0.8x
Thu, 05 Sep 2024€11.9b€15.1b€770.3m23.4x15.4x0.8x
Sat, 03 Aug 2024€11.7b€15.0b€1.1b20.7x10.6x0.8x
Mon, 01 Jul 2024€11.9b€14.8b€1.1b17.4x11.1x0.8x
Wed, 29 May 2024€13.9b€14.8b€1.0b17.2x13.3x0.9x
Fri, 26 Apr 2024€12.9b€14.4b€1.1b17.4x11.4x0.9x
Sun, 24 Mar 2024€13.0b€14.4b€1.1b14.6x12.4x0.9x
Tue, 20 Feb 2024€12.0b€10.1b€953.9m15.7x12.6x1.2x
Thu, 18 Jan 2024€13.2b€14.5b€1.0b18.1x12.9x0.9x
Sat, 16 Dec 2023€12.7b€14.5b€1.0b17.4x12.1x0.9x
Mon, 13 Nov 2023€12.0b€14.5b€1.0b16.8x11.6x0.8x
Wed, 11 Oct 2023€12.4b€14.2b€968.9m17.1x12.8x0.9x
Fri, 08 Sep 2023€12.5b€14.2b€982.8m18.4x12.7x0.9x
Sun, 06 Aug 2023€12.0b€13.8b€730.4m19x16.5x0.9x
Tue, 04 Jul 2023€11.8b€13.8b€733.1m17.5x16.1x0.9x
Thu, 01 Jun 2023€12.1b€14.0b€890.1m11x13.6x0.9x
Sat, 29 Apr 2023€11.2b€13.7b€739.5m10.1x15.1x0.8x
Mon, 27 Mar 2023€10.6b€13.5b€905.3m9.1x11.8x0.8x
Wed, 22 Feb 2023€11.4b€12.1b€920.5m8.8x12.4x0.9x
Fri, 20 Jan 2023€11.4b€13.5b€1.1b8.8x10.6x0.8x
Price to Earnings Ratio

10.6x


Total Market Cap: €11.4bTotal Earnings: €1.1bTotal Revenue: €13.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Asset Management Industry Price to Earnings3Y Average 14.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the German Asset Management and Custody Banks 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 14.3x.
  • The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 5.9% 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 Market2.05%
Financials-2.32%
Capital Markets-0.80%
Asset Management2.35%
Investment Banking and Brokerage1.76%
Diversified Capital Markets-0.18%
Financial Exchanges and Data-3.69%
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
MUX Mutares SE KGaA€34.3012.3%
+€80.1m		37.5%PE15.5x
BBHK Deutsche Balaton€2.68k9.8%
+€25.1m		53.1%PE2.9x
HXCK Ernst Russ€7.809.2%
+€22.2m		34.9%PE4.2x
MLP MLP€7.282.5%
+€19.6m		16.9%PE12.1x
F35 SPARTA Invest€26.0016.1%
+€17.4m		n/aPB1.1x

Latest News

DWS
€57.45
DWS Group GmbH KGaA
7D
-0.9%
1Y
44.1%

Here's Why DWS Group GmbH KGaA (ETR:DWS) Has Caught The Eye Of Investors

Jan 12
Here's Why DWS Group GmbH KGaA (ETR:DWS) Has Caught The Eye Of Investors
MUX
€34.30
Mutares SE KGaA
7D
12.3%
1Y
37.5%

Many Still Looking Away From Mutares SE & Co. KGaA (ETR:MUX)

Jan 09
Many Still Looking Away From Mutares SE & Co. KGaA (ETR:MUX)
MLP
€7.28
MLP
7D
2.5%
1Y
16.9%

MLP: Lower 2025 EBIT Guidance Will Still Support Attractive Upside Potential

Analysts have held their price target for MLP steady at US$10.50, reflecting only very small tweaks to inputs such as the discount rate, long term revenue growth, profit margin assumptions and future P/E, rather than any major shift in their overall view. What's in the News MLP SE updated its 2025 earnings guidance, now expecting EBIT in a range of €90 million to €100 million, compared with a previous forecast of €100 million to €110 million.
HRU
€1.60
Horus
7D
-20.0%
1Y
14.3%
E87
€17.20
RheinErden
7D
-13.6%
1Y
-38.1%
LQAG
€4.76
Laiqon
7D
-1.2%
1Y
0.4%

Laiqon AG (ETR:LQAG) Stocks Shoot Up 25% But Its P/S Still Looks Reasonable

Dec 19
Laiqon AG (ETR:LQAG) Stocks Shoot Up 25% But Its P/S Still Looks Reasonable
A7A
€15.10
Heliad
7D
-2.6%
1Y
45.2%
5GG
€1.23
Consulting Team Holding
7D
-11.5%
1Y
-15.8%
DLB
€18.00
DLB-Anlageservice
7D
-7.7%
1Y
28.6%
HXCK
€7.80
Ernst Russ
7D
9.2%
1Y
34.9%
ECS0
€1.09
Eight Capital Partners
7D
20.4%
1Y
-45.5%
O4B
€21.00
OVB Holding
7D
6.1%
1Y
6.6%
BBHK
€2,680.00
Deutsche Balaton
7D
9.8%
1Y
53.1%
EBS
€1.10
Elbstein
7D
-4.3%
1Y
98.2%
UCA1
€59.50
U.C.A
7D
43.0%
1Y
130.6%