Narrative Update • May 23
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German (DAX) Asset Management Industry Analysis
UpdatedMay 24, 2026
DataAggregated Company Financials
Companies94
- 7D1.7%
- 3M3.1%
- 1Y16.3%
- YTDn/a
The Asset Management industry is up 1.7% in the last week, with DWS Group GmbH KGaA up 2.2%. This means that the industry has gained 16% over the past year. Looking forward, earnings are forecast to grow by 6.7% annually.
Industry Valuation and Performance
Has the German Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 May 2026 | €18.5b | €14.8b | €1.1b | 12.9x | 17.3x | 1.2x |
| Tue, 21 Apr 2026 | €17.8b | €14.3b | €1.3b | 13x | 13.3x | 1.2x |
| Thu, 19 Mar 2026 | €17.1b | €14.4b | €1.4b | 13.3x | 12.2x | 1.2x |
| Sat, 14 Feb 2026 | €17.0b | €12.7b | €1.4b | 12.1x | 12.2x | 1.3x |
| Mon, 12 Jan 2026 | €17.1b | €13.9b | €1.3b | 13.8x | 13.4x | 1.2x |
| Wed, 10 Dec 2025 | €15.4b | €13.7b | €1.3b | 13.5x | 12.3x | 1.1x |
| Fri, 07 Nov 2025 | €15.5b | €13.4b | €1.2b | 14.5x | 12.6x | 1.2x |
| Sun, 05 Oct 2025 | €15.7b | €13.3b | €1.2b | 14.4x | 13.3x | 1.2x |
| Tue, 02 Sep 2025 | €15.6b | €13.2b | €1.2b | 14.3x | 13.3x | 1.2x |
| Thu, 31 Jul 2025 | €15.3b | €12.8b | €996.8m | 18.4x | 15.4x | 1.2x |
| Sat, 28 Jun 2025 | €14.8b | €12.7b | €826.3m | 22.1x | 17.9x | 1.2x |
| Mon, 26 May 2025 | €14.4b | €12.5b | €790.2m | 19.5x | 18.2x | 1.1x |
| Wed, 23 Apr 2025 | €13.1b | €12.4b | €734.1m | 18.8x | 17.9x | 1.1x |
| Fri, 21 Mar 2025 | €15.1b | €12.4b | €728.0m | 18.6x | 20.8x | 1.2x |
| Sun, 16 Feb 2025 | €14.3b | €11.1b | €771.6m | 16.2x | 18.5x | 1.3x |
| Tue, 14 Jan 2025 | €12.5b | €12.3b | €724.6m | 15.8x | 17.3x | 1x |
| Thu, 12 Dec 2024 | €12.8b | €15.2b | €747.6m | 16x | 17.2x | 0.8x |
| Sat, 09 Nov 2024 | €12.4b | €15.0b | €799.3m | 18.1x | 15.6x | 0.8x |
| Mon, 07 Oct 2024 | €12.0b | €15.0b | €759.3m | 20.1x | 15.8x | 0.8x |
| Wed, 04 Sep 2024 | €11.9b | €15.1b | €770.3m | 23.4x | 15.4x | 0.8x |
| Fri, 02 Aug 2024 | €12.0b | €15.0b | €1.1b | 20.7x | 10.9x | 0.8x |
| Sun, 30 Jun 2024 | €11.7b | €14.9b | €1.1b | 17.5x | 11.1x | 0.8x |
| Tue, 28 May 2024 | €13.9b | €14.8b | €1.0b | 17.2x | 13.3x | 0.9x |
| Thu, 25 Apr 2024 | €13.3b | €14.4b | €1.1b | 17.6x | 11.8x | 0.9x |
| Sat, 23 Mar 2024 | €13.0b | €14.4b | €1.1b | 14.6x | 12.3x | 0.9x |
| Mon, 19 Feb 2024 | €12.0b | €10.1b | €953.9m | 15.8x | 12.5x | 1.2x |
| Wed, 17 Jan 2024 | €13.2b | €14.5b | €1.0b | 18.1x | 12.9x | 0.9x |
| Fri, 15 Dec 2023 | €12.4b | €14.5b | €1.0b | 17.3x | 11.8x | 0.9x |
| Sun, 12 Nov 2023 | €12.0b | €14.5b | €1.0b | 16.8x | 11.6x | 0.8x |
| Tue, 10 Oct 2023 | €12.3b | €14.2b | €963.7m | 17.1x | 12.8x | 0.9x |
| Thu, 07 Sep 2023 | €12.5b | €14.2b | €981.5m | 18.5x | 12.7x | 0.9x |
| Sat, 05 Aug 2023 | €12.0b | €13.8b | €730.6m | 19x | 16.5x | 0.9x |
| Mon, 03 Jul 2023 | €11.8b | €13.6b | €732.2m | 17.6x | 16.1x | 0.9x |
| Wed, 31 May 2023 | €12.5b | €14.0b | €883.1m | 11.2x | 14.1x | 0.9x |
Price to Earnings Ratio
14.1x
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 17.3x which is higher than its 3-year average PE of 14.4x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have grown 6.5% 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 | 3.17% | |
| Financials | 2.28% | |
| Capital Markets | 4.41% | |
| Asset Management | 1.67% | |
| Diversified Capital Markets | 5.49% | |
| Financial Exchanges and Data | 4.73% | |
| Investment Banking and Brokerage | 2.09% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DWS DWS Group GmbH KGaA | €61.05 | 2.2% +€260.0m | 25.4% | PE12.3x | |
| F35 SPARTA Invest | €30.80 | 10.0% +€13.5m | 59.6% | PB1.3x | |
| MUX Mutares SE KGaA | €26.85 | 1.5% +€10.2m | -17.8% | PS0.1x | |
| MLP MLP | €8.03 | 1.0% +€8.7m | 0.4% | PE15.1x | |
| EXJ0 Readcrest Capital | €1.47 | 14.8% +€6.3m | 28.9% | n/a |