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German (DAX) Healthcare Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies70
  • 7D-2.4%
  • 3M0.3%
  • 1Y-6.0%
  • YTD-3.0%

Over the last 7 days, the Healthcare industry has dropped 2.4%, driven by Siemens Healthineers declining 9.8%. The industry has fallen 6.0% in the last year. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

Has the German Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025€200.2b€159.6b€4.0b17x49.5x1.3x
Fri, 10 Oct 2025€214.4b€159.1b€4.0b19.4x53.8x1.3x
Sun, 07 Sep 2025€200.6b€156.7b€4.0b19.2x50.4x1.3x
Tue, 05 Aug 2025€197.6b€157.6b€4.2b20.3x47.6x1.3x
Thu, 03 Jul 2025€208.2b€159.8b€4.2b20.6x49.6x1.3x
Sat, 31 May 2025€206.0b€159.9b€4.3b20.2x48.2x1.3x
Mon, 28 Apr 2025€203.6b€158.7b€4.7b23.4x43.6x1.3x
Wed, 26 Mar 2025€217.1b€158.7b€4.8b23.6x45.7x1.4x
Fri, 21 Feb 2025€219.5b€159.4b€5.0b22x43.6x1.4x
Sun, 19 Jan 2025€216.1b€159.0b€5.0b22.8x43.2x1.4x
Tue, 17 Dec 2024€214.9b€159.3b€5.0b21.9x42.8x1.3x
Thu, 14 Nov 2024€213.4b€159.2b€5.1b20.3x42.1x1.3x
Sat, 12 Oct 2024€225.7b€159.3b€5.7b21.1x39.7x1.4x
Mon, 09 Sep 2024€230.9b€159.2b€5.6b22.5x41.3x1.5x
Wed, 07 Aug 2024€221.5b€158.9b€3.8b24.3x57.9x1.4x
Fri, 05 Jul 2024€223.9b€158.7b€3.5b24.7x63.5x1.4x
Sun, 02 Jun 2024€235.8b€158.6b€3.5b26.9x66.9x1.5x
Tue, 30 Apr 2024€231.3b€159.0b€3.5b24x66.6x1.5x
Thu, 28 Mar 2024€247.7b€159.3b€3.2b24.7x77.1x1.6x
Sat, 24 Feb 2024€242.3b€178.9b€3.3b21.4x72.4x1.4x
Mon, 22 Jan 2024€237.6b€188.4b€3.3b21.6x72.4x1.3x
Wed, 20 Dec 2023€243.6b€188.4b€3.3b21.4x74.5x1.3x
Fri, 17 Nov 2023€245.7b€188.6b€3.4b22.3x72.3x1.3x
Sun, 15 Oct 2023€242.2b€189.6b€8.8b21.3x27.6x1.3x
Tue, 12 Sep 2023€258.7b€189.5b€8.7b23.1x29.6x1.4x
Thu, 10 Aug 2023€266.5b€191.2b€10.2b22.9x26.2x1.4x
Sat, 08 Jul 2023€251.7b€191.1b€10.5b23x23.9x1.3x
Mon, 05 Jun 2023€272.8b€191.0b€10.5b23.8x26x1.4x
Wed, 03 May 2023€277.4b€190.5b€12.4b23x22.4x1.5x
Fri, 31 Mar 2023€280.2b€190.5b€12.7b21.9x22.1x1.5x
Sun, 26 Feb 2023€281.6b€188.3b€13.9b18.6x20.3x1.5x
Tue, 24 Jan 2023€287.2b€187.6b€13.9b19.2x20.7x1.5x
Thu, 22 Dec 2022€262.3b€187.5b€13.9b21.4x18.9x1.4x
Sat, 19 Nov 2022€275.6b€185.9b€13.6b20.5x20.3x1.5x
Price to Earnings Ratio

20.3x


Total Market Cap: €275.6bTotal Earnings: €13.6bTotal Revenue: €185.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Healthcare Sector Price to Earnings3Y Average 44.3x202320242025
Current Industry PE
  • Investors are optimistic on the German Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 49.5x which is higher than its 3-year average PE of 44.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 33% per year over the last three years,
  • Revenues have also declined 5.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the German Healthcare sector?

DE Market0.49%
Healthcare-2.39%
Pharma0.88%
Healthcare Services0.77%
Biotech0.45%
Life Sciences-2.19%
Healthtech-2.27%
Medical Equipment-8.37%
Industry PE
  • Investors are most optimistic about the Life Sciences industry which is trading above its 3-year average PE ratio of 100x.
    • Analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings decline of 2.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 73% over the next 5 years.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 13% 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
BAYN Bayer€29.0610.0%
+€2.6b
44.3%PS0.6x
MRK Merck KGaA€115.704.7%
+€2.3b
-23.7%PE17.6x
FRE Fresenius SE KGaA€49.773.6%
+€968.8m
51.7%PE25.6x
AFX Carl Zeiss Meditec€43.601.9%
+€70.0m
-24.4%PE25.4x
ILM1 Medios€14.8821.6%
+€67.3m
0%PE17.2x

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