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German (DAX) Materials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies32
  • 7D-2.2%
  • 3M4.3%
  • 1Y6.8%
  • YTD3.0%

Over the last 7 days, the Materials industry has dropped 2.2%, driven by a pullback from Heidelberg Materials of 9.8%. In the past year, the industry has gained 6.8%. 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
Wed, 04 Mar 2026€140.4b€197.5b€3.0b20.4x47.4x0.7x
Fri, 30 Jan 2026€141.3b€202.4b€1.6b22.4x86.6x0.7x
Sun, 28 Dec 2025€133.2b€202.4b€1.6b22x81.6x0.7x
Tue, 25 Nov 2025€130.1b€202.7b€10.8m20.8x12056.3x0.6x
Thu, 23 Oct 2025€130.2b€204.7b€438.5m22.3x297x0.6x
Sat, 20 Sep 2025€130.6b€204.7b€438.5m20.9x297.8x0.6x
Mon, 18 Aug 2025€135.3b€207.3b€239.2m21.5x565.6x0.7x
Wed, 16 Jul 2025€136.9b€209.4b€2.5b20.9x55.6x0.7x
Fri, 13 Jun 2025€132.0b€209.4b€2.2b20.8x61.1x0.6x
Sun, 11 May 2025€134.7b€207.8b€2.0b19.2x66.3x0.6x
Tue, 08 Apr 2025€118.0b€207.4b€3.0b14.7x39.7x0.6x
Thu, 06 Mar 2025€140.1b€207.3b€2.5b19.3x55.8x0.7x
Sat, 01 Feb 2025€122.0b€206.9b€1.4b16.2x89.6x0.6x
Mon, 30 Dec 2024€113.8b€206.9b€1.4b15.3x83.4x0.5x
Wed, 27 Nov 2024€121.7b€213.6b€1.2b15.2x98x0.6x
Fri, 25 Oct 2024€124.3b€213.7b-€469,233,735.3713.4x-264.9x0.6x
Sun, 22 Sep 2024€116.5b€206.9b-€490,500,019.4414.4x-237.5x0.6x
Tue, 20 Aug 2024€111.2b€207.0b-€467,368,131.3614.2x-238x0.5x
Thu, 18 Jul 2024€117.6b€209.2b-€534,601,874.3313.6x-219.9x0.6x
Sat, 15 Jun 2024€114.4b€209.2b-€532,208,462.7513.9x-214.9x0.5x
Mon, 13 May 2024€120.3b€210.8b-€308,265,177.1112.1x-390.1x0.6x
Wed, 10 Apr 2024€125.7b€214.7b-€26,624,924.4112.4x-4721.2x0.6x
Fri, 08 Mar 2024€116.4b€216.9b€1.4b10.5x84.8x0.5x
Sun, 04 Feb 2024€111.6b€223.5b-€2,492,760,092.0011.7x-44.8x0.5x
Tue, 02 Jan 2024€119.0b€223.8b-€2,614,263,614.0012.4x-45.5x0.5x
Thu, 30 Nov 2023€114.2b€225.0b-€2,486,505,541.0010.9x-45.9x0.5x
Sat, 28 Oct 2023€106.2b€235.6b€2.1b11x49.6x0.5x
Mon, 25 Sep 2023€110.9b€236.3b€2.4b10.4x46.7x0.5x
Wed, 23 Aug 2023€114.1b€236.3b€2.4b10.3x48x0.5x
Fri, 21 Jul 2023€118.8b€247.2b€5.8b11x20.4x0.5x
Sun, 18 Jun 2023€114.4b€247.2b€5.8b13.2x19.7x0.5x
Tue, 16 May 2023€118.1b€247.8b€6.7b10.8x17.7x0.5x
Thu, 13 Apr 2023€119.6b€252.8b€7.7b10x15.6x0.5x
Sat, 11 Mar 2023€118.3b€252.9b€7.9b10.5x15x0.5x
Price to Earnings Ratio

15x


Total Market Cap: €118.3bTotal Earnings: €7.9bTotal Revenue: €252.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Materials Sector Price to Earnings3Y Average 55x202420252026
Current Industry PE
  • Investors are pessimistic on the German Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 47.4x which is lower than its 3-year average PE of 54.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 28% per year over the last three years,
  • Revenues have also declined 7.9% 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 Market0.50%
Materials-2.19%
Chemicals0.033%
Metals and Mining-1.60%
Paper and Forestry Products-5.80%
Basic Materials-7.76%
Packaging-28.95%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 33.3%, which is higher than its past year's earnings growth of 8.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 43% 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 9.8% 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
1COV Covestro€60.40-0.4%
€1.1b		4.1%PS1x
SDF K+S€15.121.6%
+€43.0m		13.4%PS0.7x
M0LY Greenland Resources€1.2124.1%
+€31.8m		101.7%PB22.1x
EIS Eisen- und Hüttenwerke€22.406.7%
+€24.6m		86.7%PE4.3x
ACT AlzChem Group€155.600.4%
+€9.3m		100.0%PE24.8x

Latest News

NDA
€161.10
Aurubis
7D
-6.7%
1Y
93.4%
BNN
€2.42
BRAIN Biotech
7D
12.0%
1Y
-3.2%

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HEI
€180.25
Heidelberg Materials
7D
-10.2%
1Y
27.1%
ACT
€155.60
AlzChem Group
7D
0.4%
1Y
100.0%
BAS
€45.43
BASF
7D
-7.0%
1Y
-6.3%
1COV
€60.40
Covestro
7D
-0.4%
1Y
4.1%
M0LY
€1.21
Greenland Resources
7D
24.1%
1Y
101.7%
SDF
€15.12
K+S
7D
1.6%
1Y
13.4%

SDF: Higher Margins And Refined P/E Framework Will Recast This Opportunity

Analysts have lifted their price target on K+S by €1.10, reflecting updated assumptions around discount rates, revenue, profit margins and future P/E expectations. Analyst Commentary Bullish analysts point to the refreshed €1.10 higher price target as a sign that updated models are more aligned with current assumptions on discount rates, revenue, profit margins and future P/E expectations.
SY1
€73.20
Symrise
7D
-6.2%
1Y
-24.7%

SY1: Recent Upgrade And Share Buyback Will Support Future Upside

Analyst Price Target Update Analysts have trimmed their price target for Symrise by about €0.66, reflecting slightly revised assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E after recent research updates, including an upgrade from a major investment bank. Analyst Commentary Recent research updates on Symrise, including the upgrade at Goldman Sachs, highlight a mix of optimism about the company’s positioning and caution about execution and valuation.
EVK
€13.50
Evonik Industries
7D
-10.5%
1Y
-28.0%

EVK: Cost Discipline And Higher Future P/E Will Support Medium-Term Upside Potential

Analysts have trimmed their fair value estimate for Evonik Industries from about €20.40 to roughly €19.77. This reflects updated assumptions on growth, margins and a higher future P/E, against a backdrop of mixed recent research where some firms raised price targets and upgraded the shares, while others turned more cautious or moved to Sell.
TKA
€9.44
thyssenkrupp
7D
-9.2%
1Y
19.0%

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Feb 19
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LXS
€16.83
LANXESS
7D
-13.1%
1Y
-39.2%

LXS: Upgrade And Margin Execution Are Expected To Drive Bullish Repricing

LANXESS's consensus analyst price target has moved modestly lower, with recent cuts to €17 and €15 cited by analysts who point to updated assumptions around discount rates, profit margins, and forward P/E expectations. Analyst Commentary Recent research on LANXESS highlights a mix of caution and optimism, with some bullish analysts focusing on potential upside if the company can execute against current expectations on margins and earnings quality.
WCH
€69.95
Wacker Chemie
7D
-15.3%
1Y
6.4%

WCH: Improved Earnings Profile Will Support Richer Future P/E Multiple

Analysts have trimmed their price target on Wacker Chemie to about €95 from roughly €108, citing revised expectations for revenue growth, profitability and a higher assumed future P/E multiple as key drivers of the change. Analyst Commentary Recent research has leaned more positive on Wacker Chemie, with bullish analysts pointing to a more constructive view on the company’s earnings power and how that could be reflected in the share price over time.
EIS
€22.40
Eisen- und Hüttenwerke
7D
6.7%
1Y
86.7%

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Feb 07
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2HRA
€4.47
H&R GmbH KGaA
7D
2.1%
1Y
20.2%
BIG1
€0.60
Bio-Gate
7D
6.2%
1Y
-16.7%