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German (DAX) Real Estate Sector Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies60
- 7D2.2%
- 3M-5.3%
- 1Y-12.8%
- YTD-9.9%
In the last week, the Real Estate industry is up 2.2%, with HenriPay Holding up 29%. However, the industry is down 13% over the past year. Looking forward, earnings are forecast to grow by 15% annually.
Sector Valuation and Performance
Has the German Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 28 Nov 2025 | €67.4b | €19.1b | €6.1b | 11.1x | 11.1x | 3.5x |
| Sun, 26 Oct 2025 | €70.4b | €19.4b | €3.0b | 15.6x | 23.5x | 3.6x |
| Tue, 23 Sep 2025 | €68.5b | €19.4b | €3.0b | 14.2x | 22.7x | 3.5x |
| Thu, 21 Aug 2025 | €72.2b | €19.4b | €2.0b | 16.7x | 36.2x | 3.7x |
| Sat, 19 Jul 2025 | €70.6b | €19.2b | €148.5m | 19.6x | 475.3x | 3.7x |
| Mon, 16 Jun 2025 | €66.0b | €19.9b | -€77,977,587.95 | 17.3x | -846.7x | 3.3x |
| Wed, 14 May 2025 | €66.1b | €19.6b | -€490,614,039.07 | 23.1x | -134.7x | 3.4x |
| Fri, 11 Apr 2025 | €60.4b | €18.9b | -€641,100,817.80 | 20.4x | -94.3x | 3.2x |
| Sun, 09 Mar 2025 | €61.1b | €17.9b | -€6,787,362,912.65 | 20x | -9x | 3.4x |
| Tue, 04 Feb 2025 | €67.8b | €17.9b | -€7,469,327,241.65 | 23.7x | -9.1x | 3.8x |
| Thu, 02 Jan 2025 | €67.6b | €17.9b | -€7,469,292,813.94 | 25.1x | -9x | 3.8x |
| Sat, 30 Nov 2024 | €71.6b | €17.8b | -€7,476,359,710.90 | 18.8x | -9.6x | 4x |
| Mon, 28 Oct 2024 | €71.2b | €17.1b | -€8,044,816,397.44 | 18.3x | -8.8x | 4.2x |
| Wed, 25 Sep 2024 | €75.6b | €17.1b | -€7,799,210,470.06 | 15.6x | -9.7x | 4.4x |
| Fri, 23 Aug 2024 | €70.3b | €17.2b | -€8,533,412,680.35 | 23.5x | -8.2x | 4.1x |
| Sun, 21 Jul 2024 | €67.3b | €17.4b | -€12,456,189,633.36 | 24.4x | -5.4x | 3.9x |
| Tue, 18 Jun 2024 | €64.8b | €17.5b | -€12,653,303,875.92 | 27.4x | -5.1x | 3.7x |
| Thu, 16 May 2024 | €69.0b | €17.6b | -€12,753,995,594.00 | 27.4x | -5.4x | 3.9x |
| Sat, 13 Apr 2024 | €66.2b | €17.6b | -€17,069,266,985.00 | 30x | -3.9x | 3.8x |
| Mon, 11 Mar 2024 | €66.8b | €18.2b | -€16,941,095,517.00 | 32x | -3.9x | 3.7x |
| Wed, 07 Feb 2024 | €68.3b | €18.2b | -€16,711,467,399.00 | 30.1x | -4.1x | 3.8x |
| Fri, 05 Jan 2024 | €76.0b | €19.0b | -€18,166,375,683.00 | 33x | -4.2x | 4x |
| Sun, 03 Dec 2023 | €74.8b | €19.5b | -€17,414,829,977.00 | 16.8x | -4.3x | 3.8x |
| Tue, 31 Oct 2023 | €66.3b | €19.8b | -€16,821,210,398.00 | 13.2x | -3.9x | 3.4x |
| Thu, 28 Sep 2023 | €69.8b | €19.8b | -€16,988,497,472.00 | 11.2x | -4.1x | 3.5x |
| Sat, 26 Aug 2023 | €68.5b | €20.1b | -€14,789,408,269.00 | 16.5x | -4.6x | 3.4x |
| Mon, 24 Jul 2023 | €70.9b | €21.1b | -€3,997,408,475.00 | 17.2x | -17.7x | 3.4x |
| Wed, 21 Jun 2023 | €66.5b | €21.1b | -€3,768,692,452.00 | 17.3x | -17.6x | 3.2x |
| Fri, 19 May 2023 | €65.0b | €21.6b | -€3,249,008,598.00 | 16.5x | -20x | 3x |
| Sun, 16 Apr 2023 | €64.0b | €25.3b | -€2,010,239,473.00 | 14.3x | -31.8x | 2.5x |
| Tue, 14 Mar 2023 | €67.6b | €26.1b | €4.7b | 13.2x | 14.3x | 2.6x |
| Thu, 09 Feb 2023 | €76.7b | €26.0b | €6.6b | 11.9x | 11.5x | 2.9x |
| Sat, 07 Jan 2023 | €73.5b | €25.9b | €6.6b | 11.2x | 11.1x | 2.8x |
| Mon, 05 Dec 2022 | €72.1b | €26.0b | €6.7b | 11.8x | 10.7x | 2.8x |
Price to Earnings Ratio
10.7x
Current Industry PE
- Investors are pessimistic on the German Real Estate 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 11.1x which is higher than its 3-year average PE of -17.1x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 3.2% per year over the last three years,
- Revenues have also declined 9.8% 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 Real Estate sector?
| DE Market | 2.56% | |
| Real Estate | 2.19% | |
| Retail REITs | 4.28% | |
| Real Estate | 2.18% | |
| REITS | 0% | 0 |
| Office REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 15.2%, which is higher than its past year's earnings growth of 8.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 70% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9HF HenriPay Holding | €14.50 | 29.5% +€817.1m | -10.5% | PS149586.4x | |
| VNA Vonovia | €26.25 | 1.4% +€296.7m | -16.2% | PE8.3x | |
| DWNI Deutsche Wohnen | €21.80 | 1.9% +€158.8m | -11.7% | PS4.3x | |
| LEG LEG Immobilien | €64.95 | 2.7% +€128.5m | -26.3% | PE4.1x | |
| TEG TAG Immobilien | €14.56 | 3.8% +€100.1m | -8.8% | PE7x |
