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German (DAX) Capital Markets Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies116
  • 7D-0.8%
  • 3M11.9%
  • 1Y6.0%
  • YTD0.001%

Over the last 7 days, the Capital Markets industry has dropped 1.3%, driven by Deutsche Bank declining 1.4%. Over the past 12 months, the industry was up 7.3%. As for the next few years, earnings are expected to grow by 7.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026€128.8b€55.2b€9.5b14.6x13.6x2.3x
Sun, 24 May 2026€126.4b€55.3b€9.5b14.9x13.3x2.3x
Tue, 21 Apr 2026€128.1b€54.1b€9.5b15.3x13.5x2.4x
Thu, 19 Mar 2026€119.8b€54.1b€9.6b14x12.5x2.2x
Sat, 14 Feb 2026€122.1b€53.1b€9.9b12.4x12.4x2.3x
Mon, 12 Jan 2026€128.0b€53.7b€8.7b14.4x14.6x2.4x
Wed, 10 Dec 2025€126.1b€53.5b€8.7b14.3x14.4x2.4x
Fri, 07 Nov 2025€122.1b€53.2b€8.6b14.9x14.3x2.3x
Sun, 05 Oct 2025€123.0b€53.2b€8.9b17.1x13.8x2.3x
Tue, 02 Sep 2025€126.9b€53.1b€8.9b16.9x14.2x2.4x
Thu, 31 Jul 2025€125.2b€52.2b€8.7b21.1x14.4x2.4x
Sat, 28 Jun 2025€123.1b€49.7b€6.4b24.2x19.3x2.5x
Mon, 26 May 2025€121.1b€49.6b€6.3b22.5x19.1x2.4x
Wed, 23 Apr 2025€111.7b€48.5b€5.7b27.5x19.6x2.3x
Fri, 21 Mar 2025€114.1b€51.0b€6.7b20.9x17.1x2.2x
Sun, 16 Feb 2025€103.2b€48.4b€5.7b18.9x18x2.1x
Tue, 14 Jan 2025€93.1b€48.8b€6.7b18.7x14x1.9x
Thu, 12 Dec 2024€92.8b€51.8b€6.7b20.4x13.9x1.8x
Sat, 09 Nov 2024€87.4b€51.6b€6.8b20.5x12.9x1.7x
Mon, 07 Oct 2024€87.0b€51.1b€6.2b22.7x14.1x1.7x
Wed, 04 Sep 2024€83.1b€51.2b€6.2b26.1x13.5x1.6x
Fri, 02 Aug 2024€79.9b€50.9b€6.5b21.2x12.3x1.6x
Sun, 30 Jun 2024€82.6b€50.2b€7.3b21.4x11.2x1.6x
Tue, 28 May 2024€85.2b€50.1b€7.3b21.1x11.6x1.7x
Thu, 25 Apr 2024€83.0b€49.7b€7.3b22.3x11.4x1.7x
Sat, 23 Mar 2024€81.3b€49.4b€7.2b21.4x11.3x1.6x
Mon, 19 Feb 2024€76.1b€45.1b€7.1b23.4x10.7x1.7x
Wed, 17 Jan 2024€77.3b€49.1b€7.7b24.6x10.1x1.6x
Fri, 15 Dec 2023€74.5b€49.2b€7.7b21.8x9.7x1.5x
Sun, 12 Nov 2023€69.0b€49.2b€7.7b20.2x9x1.4x
Tue, 10 Oct 2023€67.8b€48.4b€7.6b20.2x8.9x1.4x
Thu, 07 Sep 2023€67.1b€47.2b€6.7b22.4x10x1.4x
Sat, 05 Aug 2023€69.4b€47.1b€6.6b19x10.6x1.5x
Mon, 03 Jul 2023€68.2b€47.2b€7.7b19x8.9x1.4x
Price to Earnings Ratio

8.9x


Total Market Cap: €68.2bTotal Earnings: €7.7bTotal Revenue: €47.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Capital Markets Industry Price to Earnings3Y Average 13.3x202420252026
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 13.3x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 7.3% 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-0.77%
Financials0.93%
Capital Markets-0.79%
Asset Management1.96%
Investment Banking and Brokerage-0.96%
Financial Exchanges and Data-1.07%
Diversified Capital Markets-1.44%
Industry PE
  • Investors are most optimistic about the Investment Banking and Brokerage industry even though it's trading below its 3-year average PE ratio of 33.1x.
    • Analysts are expecting annual earnings growth of 18.1%, which is lower than the prior year's growth of 74.4% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, which is trading close to its 3-year average of 8.8x.
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 74% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 6.8% 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
DWS DWS Group GmbH KGaA€63.603.4%
+€420.0m		28.4%PE12.8x
BWB Baader Bank€7.307.4%
+€24.4m		65.2%PE7.1x
JDC JDC Group€21.704.3%
+€12.2m		-6.1%PE44.7x
MUX Mutares SE KGaA€28.601.1%
+€7.7m		-21.0%PS0.1x
B8A BAVARIA Industries Group€103.001.0%
+€4.5m		n/aPE12.6x

Latest News

DB1
€240.50
Deutsche Börse
7D
-1.1%
1Y
-13.0%
DBK
€30.48
Deutsche Bank
7D
-1.4%
1Y
19.3%
Narrative Update • Jun 24

DBK: AI And Faster Cross-Border Payments Will Support Future Upside

Analysts have nudged their price target on Deutsche Bank slightly lower to €31.80 from €32.23, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E multiples. What’s in the News for Deutsche Bank Deutsche Bank is among the first financial institutions globally to go live on a new Swift initiative that aims to make international transfers to Germany almost instant, with recent tests processing payments from Australia nearly instantly and from Brazil in under a minute.
EUX
€49.30
EUWAX
7D
-3.0%
1Y
15.2%
FTK
€36.76
flatexDEGIRO
7D
-2.9%
1Y
57.6%
Narrative Update • Jun 22

FTK: Future Returns Will Hinge On Delivering 2027 Earnings And Dividend Targets

The analyst fair value target for flatexDEGIRO has been adjusted slightly to €42.17 from €42.27, with analysts pointing to recent target updates around €41 to €48 and their expectations for earnings and profitability to support the new level. Analyst Commentary Recent research coverage on flatexDEGIRO has focused on how the current share price compares with analysts' price targets, as well as the company's earnings potential and execution in its core markets.
MWB0
€11.70
mwb fairtrade Wertpapierhandelsbank
7D
5.4%
1Y
41.8%
MUX
€28.60
Mutares SE KGaA
7D
1.1%
1Y
-21.0%
MLP
€7.78
MLP
7D
-2.5%
1Y
-7.9%
Narrative Update • Jun 11

MLP: 2026 EBIT Guidance And New Capital Plans Will Support Upside

Analysts now set their price target for MLP at €10.20, up from €9.95, citing updated assumptions regarding fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News MLP SE reaffirmed earnings guidance for the 2026 financial year, confirming an EBIT forecast in a range of €100 million to €110 million.
O4B
€20.00
OVB Holding
7D
-3.8%
1Y
-8.3%
DWS
€63.60
DWS Group GmbH KGaA
7D
3.4%
1Y
28.4%
Narrative Update • Jun 06

DWS: Future Returns Will Rely On Dividends And Medium Term EPS Targets

Analysts have made a small upward adjustment to their price target for DWS Group GmbH KGaA, with fair value now set at €62.54. The change reflects slightly lower discount rate assumptions, a modestly weaker revenue outlook, a marginally higher profit margin, and a virtually unchanged future P/E of about 12.90x.
JDC
€21.70
JDC Group
7D
4.3%
1Y
-6.1%
BWB
€7.30
Baader Bank
7D
7.4%
1Y
65.2%
ERAG
€7.86
Ernst Russ
7D
-4.6%
1Y
10.7%
A7A
€14.15
Heliad
7D
3.3%
1Y
3.3%
NF4
€78.50
Netfonds
7D
2.3%
1Y
82.6%
B8A
€103.00
BAVARIA Industries Group
7D
1.0%
1Y
n/a
BBHK
€2,880.00
Deutsche Balaton
7D
-2.7%
1Y
63.6%