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German (DAX) Materials Sector Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies31
  • 7D2.9%
  • 3M7.5%
  • 1Y21.8%
  • YTD4.3%

The Materials industry is up 2.9% in the last week, with BASF up 3.8%. In the same time, BRAIN Biotech was down 10.0%. In the last 12 months, the industry was up 22%. Looking forward, earnings are forecast to grow by 27% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026€141.0b€202.4b€1.6b22.2x86.4x0.7x
Sat, 13 Dec 2025€133.9b€202.4b€1.6b21.6x82x0.7x
Mon, 10 Nov 2025€127.4b€203.0b-€233,600,003.5822.4x-545.4x0.6x
Wed, 08 Oct 2025€131.8b€204.7b€438.7m21x300.3x0.6x
Fri, 05 Sep 2025€130.8b€204.7b€435.1m22.4x300.7x0.6x
Sun, 03 Aug 2025€128.9b€208.7b€2.3b21.3x55.5x0.6x
Tue, 01 Jul 2025€132.8b€209.4b€2.5b20.4x54x0.6x
Thu, 29 May 2025€132.2b€206.9b€2.4b19.8x56.1x0.6x
Sat, 26 Apr 2025€132.1b€207.4b€3.0b15.7x44.4x0.6x
Mon, 24 Mar 2025€138.9b€207.8b€3.0b17.3x46.8x0.7x
Wed, 19 Feb 2025€130.9b€206.9b€1.8b17.8x71.9x0.6x
Fri, 17 Jan 2025€115.3b€206.9b€1.4b15.1x84.7x0.6x
Sun, 15 Dec 2024€118.1b€206.9b€1.4b15.3x86.6x0.6x
Tue, 12 Nov 2024€126.6b€213.7b€486.1m13.5x260.4x0.6x
Thu, 10 Oct 2024€127.8b€213.7b-€469,129,320.7214.2x-272.5x0.6x
Sat, 07 Sep 2024€111.8b€206.9b-€490,183,812.3114.9x-228.1x0.5x
Mon, 05 Aug 2024€109.7b€207.4b-€655,791,872.6611.5x-167.3x0.5x
Wed, 03 Jul 2024€116.3b€209.2b-€534,137,200.5613.6x-217.7x0.6x
Fri, 31 May 2024€120.0b€209.2b-€534,108,291.2014.1x-224.7x0.6x
Sun, 28 Apr 2024€118.1b€211.9b-€320,535,627.5712.3x-368.3x0.6x
Tue, 26 Mar 2024€124.6b€214.7b-€19,406,961.8211.5x-6422.6x0.6x
Thu, 22 Feb 2024€112.3b€221.8b-€2,923,903,387.8010.7x-38.4x0.5x
Sat, 20 Jan 2024€109.1b€223.8b-€2,615,737,541.0012.4x-41.7x0.5x
Mon, 18 Dec 2023€117.9b€223.7b-€2,455,028,756.0011.4x-48x0.5x
Wed, 15 Nov 2023€113.2b€226.0b€254.5m11.4x444.8x0.5x
Fri, 13 Oct 2023€109.2b€236.3b€2.4b10.2x46x0.5x
Sun, 10 Sep 2023€113.0b€236.3b€2.4b10.4x47.6x0.5x
Tue, 08 Aug 2023€117.0b€240.6b€3.8b10.1x30.7x0.5x
Thu, 06 Jul 2023€112.9b€247.2b€5.8b12x19.4x0.5x
Sat, 03 Jun 2023€114.8b€247.2b€5.8b13.1x19.7x0.5x
Mon, 01 May 2023€118.4b€249.9b€8.0b11x14.8x0.5x
Wed, 29 Mar 2023€114.9b€253.8b€7.7b10.4x15x0.5x
Fri, 24 Feb 2023€125.3b€252.0b€15.2b9.1x8.2x0.5x
Sun, 22 Jan 2023€123.9b€252.3b€15.5b9.2x8x0.5x
Price to Earnings Ratio

8x


Total Market Cap: €123.9bTotal Earnings: €15.5bTotal Revenue: €252.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Materials Sector Price to Earnings3Y Average 52x202420252026
Current Industry PE
  • Investors are optimistic on the German Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 86.4x which is higher than its 3-year average PE of 52.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 53% per year over the last three years,
  • Revenues have also declined 7.1% 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 Materials sector?

DE Market0.33%
Materials2.87%
Metals and Mining4.99%
Chemicals3.61%
Paper and Forestry Products1.92%
Basic Materials0.64%
Packaging-10.00%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 38.0x.
    • Analysts are expecting annual earnings growth of 53.9%, which is higher than its past year's earnings decline of 55.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 56% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 11% 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
BAS BASF€45.823.8%
+€1.4b		3.5%PE131x
SY1 Symrise€74.688.6%
+€824.7m		-23.1%PE20.6x
NDA Aurubis€144.609.8%
+€563.2m		97.3%PE11.7x
HEI Heidelberg Materials€231.100.7%
+€282.2m		81.2%PE21.9x
SDF K+S€13.6910.0%
+€222.1m		18.7%PS0.7x

Latest News

SY1
€74.68
Symrise
7D
8.6%
1Y
-23.1%
SDF
€13.69
K+S
7D
10.0%
1Y
18.7%

Does K+S (ETR:SDF) Have A Healthy Balance Sheet?

Jan 13
Does K+S (ETR:SDF) Have A Healthy Balance Sheet?
NDA
€144.60
Aurubis
7D
9.8%
1Y
97.3%

NDA: Higher Dividend And Copper Offtake Agreement Will Support Balanced Outlook

Analysts have raised their price target on Aurubis from €110 to €120, citing updated assumptions around discount rates, revenue growth, profit margins, and a lower future P/E of 13.27x versus the prior 18.58x. What's in the News Aurubis AG plans to propose a dividend of €1.60 per share for fiscal 2024/25, compared with €1.50 per share previously.
BAS
€45.82
BASF
7D
3.8%
1Y
3.5%

BAS: Coatings Sale And Portfolio Moves Will Anchor Medium-Term Upside Potential

Analysts have nudged their price target for BASF slightly higher to €52. This reflects updated assumptions on fair value and future P/E, supported by recent Street research that highlights the coatings sale price as ahead of expectations.
HEI
€231.10
Heidelberg Materials
7D
0.7%
1Y
81.2%

HEI: Higher Multiple Outlook Will Support More Constructive Future Re Rating

Analysts have raised their price target on Heidelberg Materials from €240 to €300, citing higher expected growth. They see this as supporting a higher future P/E multiple, even with more conservative margin assumptions and a slightly higher discount rate.
EVK
€13.37
Evonik Industries
7D
0.8%
1Y
-22.3%

EVK: Pricing And Volume Execution Risk Will Pressure Future Earnings

Analysts have cut their implied fair value for Evonik Industries from €17.50 to €11.60. This reflects a series of recent downgrades and lower price targets as they question the company’s ability to protect pricing and grow volumes in line with earlier expectations.
WCH
€72.90
Wacker Chemie
7D
4.6%
1Y
15.0%

WCH: Fair Outlook Hinges On Restructuring Execution And Section 232 Outcome

Analysts have kept their fair value estimate for Wacker Chemie broadly unchanged at €67.36, with only modest tweaks to discount rate, growth and margin assumptions. They have also tempered their stance in light of mixed recent coverage and a Neutral rating with a €73 price target.
TKA
€10.42
thyssenkrupp
7D
1.7%
1Y
155.7%

TKA: Workforce Cuts And Neutral Rating Will Shape Balanced Risk Profile

Analysts have raised their price target for thyssenkrupp to €7.70 from €6.30, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E as the key factors behind the revision. Analyst Commentary Recent commentary around the revised €7.70 price target suggests a more balanced view of thyssenkrupp, with analysts updating their models but keeping expectations in check through a Neutral rating.
BNN
€2.44
BRAIN Biotech
7D
-10.0%
1Y
-25.8%

Market Cool On BRAIN Biotech AG's (ETR:BNN) Revenues Pushing Shares 28% Lower

Dec 22
Market Cool On BRAIN Biotech AG's (ETR:BNN) Revenues Pushing Shares 28% Lower
DLX
€2.34
Delignit
7D
-0.8%
1Y
-2.5%

Return Trends At Delignit (ETR:DLX) Aren't Appealing

Dec 16
Return Trends At Delignit (ETR:DLX) Aren't Appealing
NTG
€12.80
Nabaltec
7D
-1.2%
1Y
-9.9%
AMA
€0.85
Altech Advanced Materials
7D
-10.0%
1Y
-71.5%
02P
€0.65
Pearl Gold
7D
-1.5%
1Y
18.2%
BIG1
€0.78
Bio-Gate
7D
-2.5%
1Y
9.1%
3330
€1.72
Rostra
7D
-9.5%
1Y
45.8%
37G
€4.40
Ceritech
7D
-1.3%
1Y
n/a