German (DAX) Capital Markets Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 23 Jul 2026	€133.5b	€55.3b	€9.5b	14.6x	14x	2.4x
Sat, 20 Jun 2026	€130.3b	€55.3b	€9.5b	14.8x	13.8x	2.4x
Mon, 18 May 2026	€121.1b	€55.4b	€9.5b	13.9x	12.7x	2.2x
Wed, 15 Apr 2026	€126.2b	€54.1b	€9.5b	13.3x	13.3x	2.3x
Fri, 13 Mar 2026	€118.3b	€53.3b	€9.9b	13.7x	12x	2.2x
Sun, 08 Feb 2026	€125.4b	€53.0b	€9.9b	12.9x	12.7x	2.4x
Tue, 06 Jan 2026	€130.4b	€53.5b	€8.7b	14.9x	15x	2.4x
Thu, 04 Dec 2025	€122.8b	€53.5b	€8.7b	14.7x	14.1x	2.3x
Sat, 01 Nov 2025	€123.4b	€53.2b	€8.6b	15.2x	14.4x	2.3x
Mon, 29 Sep 2025	€122.8b	€53.2b	€8.9b	17.3x	13.8x	2.3x
Wed, 27 Aug 2025	€130.4b	€52.9b	€8.9b	16.4x	14.7x	2.5x
Fri, 25 Jul 2025	€126.0b	€49.8b	€6.5b	21.5x	19.4x	2.5x
Sun, 22 Jun 2025	€117.6b	€49.9b	€6.4b	23.8x	18.5x	2.4x
Tue, 20 May 2025	€123.5b	€49.6b	€6.3b	23.3x	19.5x	2.5x
Thu, 17 Apr 2025	€109.8b	€48.4b	€5.7b	25.4x	19.3x	2.3x
Sat, 15 Mar 2025	€113.2b	€48.4b	€5.7b	19.4x	19.7x	2.3x
Mon, 10 Feb 2025	€101.2b	€48.2b	€5.6b	18.9x	18x	2.1x
Wed, 08 Jan 2025	€92.4b	€48.8b	€6.7b	18.7x	13.9x	1.9x
Fri, 06 Dec 2024	€92.7b	€51.8b	€6.7b	20.3x	13.8x	1.8x
Sun, 03 Nov 2024	€88.9b	€51.6b	€6.7b	21.5x	13.2x	1.7x
Tue, 01 Oct 2024	€86.5b	€51.1b	€6.2b	23.5x	14x	1.7x
Thu, 29 Aug 2024	€83.6b	€51.2b	€6.2b	26.4x	13.6x	1.6x
Sat, 27 Jul 2024	€80.9b	€50.9b	€6.5b	20.7x	12.5x	1.6x
Mon, 24 Jun 2024	€82.3b	€50.2b	€7.3b	20.4x	11.2x	1.6x
Wed, 22 May 2024	€85.0b	€50.1b	€7.4b	19.7x	11.6x	1.7x
Fri, 19 Apr 2024	€82.9b	€49.5b	€7.3b	21.7x	11.4x	1.7x
Sun, 17 Mar 2024	€79.6b	€48.2b	€7.2b	21.5x	11.1x	1.7x
Tue, 13 Feb 2024	€75.7b	€45.3b	€7.1b	23.9x	10.7x	1.7x
Thu, 11 Jan 2024	€78.8b	€49.1b	€7.7b	24.6x	10.3x	1.6x
Sat, 09 Dec 2023	€75.1b	€49.2b	€7.7b	22x	9.7x	1.5x
Mon, 06 Nov 2023	€68.0b	€49.0b	€7.7b	21.4x	8.9x	1.4x
Wed, 04 Oct 2023	€68.0b	€48.4b	€7.6b	22.6x	8.9x	1.4x
Fri, 01 Sep 2023	€68.5b	€47.2b	€6.7b	23x	10.2x	1.5x
Sun, 30 Jul 2023	€70.9b	€47.1b	€6.6b	19x	10.8x	1.5x

Current Industry PE

Investors are relatively neutral on the German Capital Markets 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 13.4x.

The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.

Past Earnings Growth

The earnings for companies in the Capital Markets industry have grown 13% 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 Market	-0.49%
Financials	-0.88%
Capital Markets	-0.52%
Asset Management	2.76%
Financial Exchanges and Data	-0.98%
Investment Banking and Brokerage	-1.07%
Diversified Capital Markets	-1.19%

Industry PE

Investors are most optimistic about the Financial Exchanges and Data industry, which is trading close to its 3-year average PE ratio of 21.3x.

Analysts are expecting annual earnings growth of 7.1%, which is lower than the prior year's growth of 156.7% per year.

Investors are most pessimistic about the Diversified Capital Markets industry, which is trading close to its 3-year average of 8.9x.

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 79% per year.

In contrast, the Asset Management industry is expected to see its earnings grow by 6.9% per year over the next few years.

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	€70.90	3.0% +€410.0m	44.1%	PE14.3x
LUS1 Lang & Schwarz	€17.45	16.7% +€23.6m	-16.1%	PE3.4x
MUX Mutares SE KGaA	€27.60	1.7% +€11.5m	-12.7%	PS0.1x
5NB Novetum	€37.00	2.8% +€6.3m	n/a	PB8.8x
SRAG Samara Asset Group	€2.14	3.9% +€4.2m	17.6%	PE31.3x

Deutsche Bank Aktiengesellschaft Pays $2 Million Penalty for Systemic Trade Reporting Failures

Deutsche Bank Aktiengesellschaft has paid a penalty of $2 million for misreporting more than 260,000 over-the-counter derivative transactions, undermining the accuracy of data used to monitor Australia's financial markets. The Australian Securities and Investments Commission issued an infringement notice to Deutsche Bank after identifying breaches of the ASIC Derivative Transaction Rules (Reporting) 2024 (ASIC Rules) between October 21, 2024 and August 15, 2025. ASIC has reasonable grounds to believe that Deutsche Bank failed to take all reasonable steps to accurately report the 'direction' fields data for 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 separate business days. These transactions related to foreign exchange and commodities OTC transactions. The direction fields are important mandatory data elements under the ASIC Rules, indicating whether the reporting entity is acting as the effective buyer or seller of a transaction at a specified price. ASIC considers the direction data reporting failures were systemic and reflected deficiencies in Deutsche Bank's internal reporting framework. The ASIC Rules require reporting entities to report derivative transaction and position information to derivative trade repositories. Accurate reporting is necessary to enhance the capacity of regulators to oversee and monitor systemic risk and help detect and prevent potential market abuse. Deutsche Bank has cooperated with ASIC's investigation, paid the penalty and is implementing measures to prevent further reporting errors. Compliance with the infringement notice is not an admission of guilt or liability, and by doing so, Deutsche Bank has not taken to have contravened the ASIC Rules. ASIC issued the infringement notice as it had reasonable grounds to believe that Deutsche Bank contravened rule 2.2.6 of the ASIC Rules. Rule 2.2.6 requires reporting entities to take all reasonable steps to ensure the information reported under subrule 2.2.1(1) is and remains, at all times, complete, accurate and current. ASIC has previously issued infringement notices for alleged derivative transaction reporting failures against AMP Life Limited and AMP Capital Investors Limited, which paid penalties of $275,500 and $250,500 respectively in March 2020. Westpac Banking Corporation, which paid a penalty of $127,250 for allegedly failing to report around 112,556 reportable transactions in June 2027. In these matters, ASIC had reasonable grounds to believe the entities had contravened the ASIC Derivative Transactions (Reporting) Rules 2013. Those matters were considered under the previous penalty regime.

German (DAX) Capital Markets Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 18%

Deutsche Balaton AG, Annual General Meeting, Aug 26, 2026

FTK: Future Upside Will Depend On Delivering Accelerated 2026 Earnings Targets

Novetum AG, Annual General Meeting, Aug 25, 2026

Deutsche Bank Aktiengesellschaft Pays $2 Million Penalty for Systemic Trade Reporting Failures

Netfonds AG, Annual General Meeting, Aug 27, 2026

DWS: Future Returns Will Rely On India AIF Deal And 2026 EPS Guidance

Investor sentiment improves as stock rises 19%

Upcoming dividend of €2.00 per share

MLP SE announces Annual dividend, payable on June 30, 2026

More Impact AG, Annual General Meeting, Aug 04, 2026

Now 20% undervalued

New minor risk - Dividend sustainability

Upcoming dividend of €0.60 per share

JDC Group AG, Annual General Meeting, Jul 13, 2026

Shareholder Value Beteiligungen AG, Annual General Meeting, Jun 09, 2026