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German (DAX) Materials Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies31
  • 7D3.2%
  • 3M7.0%
  • 1Y23.4%
  • YTD3.0%

The Materials industry is up 3.2% in the last week, with Heidelberg Materials up 5.6%. This means that the industry has gained 23% over the past year. 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
Tue, 13 Jan 2026€139.4b€202.4b€1.6b22.6x85.4x0.7x
Thu, 11 Dec 2025€131.6b€202.9b-€66,419,634.6623.1x-1981x0.6x
Sat, 08 Nov 2025€127.4b€203.0b-€233,600,003.5822.4x-545.4x0.6x
Mon, 06 Oct 2025€131.5b€204.7b€438.8m20.7x299.6x0.6x
Wed, 03 Sep 2025€132.1b€204.7b€435.1m22.8x303.6x0.6x
Fri, 01 Aug 2025€133.0b€209.1b€2.1b21x63x0.6x
Sun, 29 Jun 2025€135.2b€209.4b€2.5b20.8x55x0.6x
Tue, 27 May 2025€133.5b€206.9b€2.4b19.8x56.6x0.6x
Thu, 24 Apr 2025€129.2b€207.4b€3.0b13.7x43.3x0.6x
Sat, 22 Mar 2025€138.9b€207.8b€3.0b17.3x46.8x0.7x
Mon, 17 Feb 2025€130.2b€206.9b€1.8b17.5x71.5x0.6x
Wed, 15 Jan 2025€112.6b€206.9b€1.4b15.1x82.6x0.5x
Fri, 13 Dec 2024€119.2b€206.9b€1.4b15.4x87.4x0.6x
Sun, 10 Nov 2024€124.6b€213.7b€486.1m13.6x256.4x0.6x
Tue, 08 Oct 2024€129.0b€213.7b-€469,162,523.2814.6x-275x0.6x
Thu, 05 Sep 2024€113.6b€206.9b-€490,223,786.6415x-231.7x0.5x
Sat, 03 Aug 2024€109.7b€207.4b-€655,790,872.6611.5x-167.3x0.5x
Mon, 01 Jul 2024€117.0b€209.2b-€530,788,435.5613.4x-220.4x0.6x
Wed, 29 May 2024€120.4b€209.2b-€534,454,071.1114.2x-225.4x0.6x
Fri, 26 Apr 2024€119.2b€214.6b-€26,418,242.4712.3x-4512.4x0.6x
Sun, 24 Mar 2024€124.4b€214.7b-€15,758,154.9611.7x-7892.1x0.6x
Tue, 20 Feb 2024€111.5b€221.8b-€2,923,896,183.3310.7x-38.1x0.5x
Thu, 18 Jan 2024€109.6b€223.8b-€2,615,760,842.0012.2x-41.9x0.5x
Sat, 16 Dec 2023€117.9b€223.7b-€2,455,028,756.0011.4x-48x0.5x
Mon, 13 Nov 2023€110.3b€226.7b€416.3m11.1x264.9x0.5x
Wed, 11 Oct 2023€109.7b€236.3b€2.4b10x46.3x0.5x
Fri, 08 Sep 2023€113.1b€236.3b€2.4b10.4x47.7x0.5x
Sun, 06 Aug 2023€117.2b€240.6b€3.8b10.2x30.7x0.5x
Tue, 04 Jul 2023€114.2b€247.2b€5.8b12.1x19.6x0.5x
Thu, 01 Jun 2023€110.5b€247.2b€5.8b12.5x19x0.4x
Sat, 29 Apr 2023€118.4b€252.9b€7.7b11x15.5x0.5x
Mon, 27 Mar 2023€113.1b€252.8b€7.6b10.4x14.8x0.4x
Wed, 22 Feb 2023€124.7b€252.0b€15.2b9.2x8.2x0.5x
Fri, 20 Jan 2023€122.9b€252.3b€15.5b9.1x7.9x0.5x
Price to Earnings Ratio

7.9x


Total Market Cap: €122.9bTotal Earnings: €15.5bTotal Revenue: €252.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Materials Sector Price to Earnings3Y Average 51.9x202420252026
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 85.4x which is higher than its 3-year average PE of 51.9x.
  • 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 Market2.05%
Materials3.19%
Metals and Mining6.15%
Basic Materials5.46%
Packaging2.78%
Chemicals1.53%
Paper and Forestry Products-3.36%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 37.9x.
    • 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
HEI Heidelberg Materials€234.105.6%
+€2.2b		90.1%PE22.2x
BAS BASF€44.772.0%
+€778.4m		7.0%PE128.2x
TKA thyssenkrupp€10.737.0%
+€435.8m		177.6%PE14.4x
SY1 Symrise€70.844.2%
+€402.5m		-28.9%PE19.5x
NDA Aurubis€135.705.5%
+€310.0m		91.5%PE11x

Latest News

SDF
€12.92
K+S
7D
2.3%
1Y
17.5%

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

Jan 13
Does K+S (ETR:SDF) Have A Healthy Balance Sheet?
NDA
€135.70
Aurubis
7D
5.5%
1Y
91.5%

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
€44.77
BASF
7D
2.0%
1Y
7.0%

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
€234.10
Heidelberg Materials
7D
5.6%
1Y
90.1%

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
€13.08
Evonik Industries
7D
-2.5%
1Y
-21.1%

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.
SZG
€46.98
Salzgitter
7D
5.0%
1Y
203.3%
ACT
€168.20
AlzChem Group
7D
9.5%
1Y
163.6%

ACT: New Creatine Capacity Expansion And 2025 Record Outlook Will Support Upside

Analysts now set a higher fair value target for AlzChem Group at €179.93 compared with €167.10 previously. They point to updated assumptions for revenue growth, profit margins and a lower future P/E multiple.
SY1
€70.84
Symrise
7D
4.2%
1Y
-28.9%

SY1: Margin Strength And Discount Assumptions Will Support Future Upside

Analysts have trimmed their average price targets for Symrise, with recent cuts from €108 to €105 and from €93 to €91.60, reflecting slightly higher discount rate assumptions and only marginal tweaks to long term growth and margin expectations. Analyst Commentary Recent research suggests that, even with slightly lower price targets, opinions on Symrise remain split between those who see upside potential and those who prefer to stay cautious.
LXS
€17.39
LANXESS
7D
-0.4%
1Y
-22.6%

LXS: Earnings Resilience And Portfolio Actions Will Drive Bullish Repricing

Narrative Update The updated analyst price target framework for LANXESS points to a fair value adjustment from €31.85 to €29.24. This reflects recent target cuts from €21 to €15 at JPMorgan, a downgrade to Underweight with a €15 target at Barclays, and a reduction from €26 to €23 at Citi that collectively signal increased caution among analysts.
TKA
€10.73
thyssenkrupp
7D
7.0%
1Y
177.6%

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.
2HRA
€4.27
H&R GmbH KGaA
7D
-0.7%
1Y
15.1%
NTG
€12.85
Nabaltec
7D
-0.4%
1Y
-8.5%
AMA
€0.85
Altech Advanced Materials
7D
-10.0%
1Y
-71.5%
02P
€0.79
Pearl Gold
7D
-1.3%
1Y
43.6%
3330
€1.72
Rostra
7D
-9.5%
1Y
45.8%
ZN2
€4.60
WeGrow
7D
-6.1%
1Y
-8.0%