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German (DAX) Real Estate Sector Analysis
UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies60
- 7D2.8%
- 3M-0.8%
- 1Y-8.9%
- YTD5.7%
The Real Estate industry is up 2.8% in the last week, with Vonovia up 5.6%. In contrast, the industry has lost 8.9% in the last 12 months. Earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Mon, 16 Feb 2026 | €64.1b | €18.8b | €4.1b | 10.9x | 15.7x | 3.4x |
| Wed, 14 Jan 2026 | €63.1b | €18.9b | €4.0b | 11.1x | 15.9x | 3.3x |
| Fri, 12 Dec 2025 | €64.4b | €19.0b | €4.1b | 11.1x | 15.8x | 3.4x |
| Sun, 09 Nov 2025 | €66.1b | €19.2b | €5.3b | 12.6x | 12.5x | 3.5x |
| Tue, 07 Oct 2025 | €69.5b | €19.4b | €3.0b | 15.5x | 23.2x | 3.6x |
| Thu, 04 Sep 2025 | €69.1b | €19.4b | €3.0b | 14.6x | 22.9x | 3.6x |
| Sat, 02 Aug 2025 | €70.1b | €19.2b | €157.4m | 18.4x | 445.3x | 3.6x |
| Mon, 30 Jun 2025 | €69.2b | €19.2b | -€70,630,408.93 | 16.3x | -979.7x | 3.6x |
| Wed, 28 May 2025 | €68.5b | €19.6b | -€248,474,122.22 | 23.7x | -275.6x | 3.5x |
| Fri, 25 Apr 2025 | €65.2b | €18.9b | -€619,723,273.97 | 21.5x | -105.2x | 3.4x |
| Sun, 23 Mar 2025 | €61.0b | €18.7b | -€3,496,734,780.66 | 11.6x | -17.5x | 3.3x |
| Tue, 18 Feb 2025 | €66.3b | €17.9b | -€7,474,099,379.38 | 20.4x | -8.9x | 3.7x |
| Thu, 16 Jan 2025 | €66.2b | €17.9b | -€7,469,473,075.40 | 24.4x | -8.9x | 3.7x |
| Sat, 14 Dec 2024 | €70.0b | €17.8b | -€7,660,008,625.53 | 19.4x | -9.1x | 3.9x |
| Mon, 11 Nov 2024 | €69.8b | €17.4b | -€8,648,001,083.85 | 17.9x | -8.1x | 4x |
| Wed, 09 Oct 2024 | €75.7b | €17.1b | -€7,789,562,645.99 | 12.5x | -9.7x | 4.4x |
| Fri, 06 Sep 2024 | €74.1b | €17.1b | -€7,976,904,555.60 | 21.7x | -9.3x | 4.3x |
| Sun, 04 Aug 2024 | €68.6b | €17.3b | -€11,250,928,235.26 | 24.2x | -6.1x | 4x |
| Tue, 02 Jul 2024 | €65.3b | €17.4b | -€12,456,728,119.14 | 26.3x | -5.2x | 3.8x |
| Thu, 30 May 2024 | €66.1b | €17.5b | -€12,734,006,773.00 | 29.1x | -5.2x | 3.8x |
| Sat, 27 Apr 2024 | €63.8b | €17.2b | -€14,980,660,986.00 | 28.5x | -4.3x | 3.7x |
| Mon, 25 Mar 2024 | €66.9b | €17.7b | -€16,710,209,517.00 | 30.9x | -4x | 3.8x |
| Wed, 21 Feb 2024 | €66.7b | €18.2b | -€16,713,208,499.00 | 32.1x | -4x | 3.7x |
| Fri, 19 Jan 2024 | €74.6b | €19.0b | -€18,166,375,683.00 | 33.6x | -4.1x | 3.9x |
| Sun, 17 Dec 2023 | €77.3b | €19.5b | -€17,414,824,644.00 | 20.2x | -4.4x | 4x |
| Tue, 14 Nov 2023 | €70.4b | €19.7b | -€16,890,778,008.00 | 13.1x | -4.2x | 3.6x |
| Thu, 12 Oct 2023 | €70.6b | €19.8b | -€16,794,868,075.00 | 13.2x | -4.2x | 3.6x |
| Sat, 09 Sep 2023 | €70.6b | €19.8b | -€16,851,800,299.00 | 13.7x | -4.2x | 3.6x |
| Mon, 07 Aug 2023 | €69.6b | €21.5b | -€7,569,940,717.00 | 17.9x | -9.2x | 3.2x |
| Wed, 05 Jul 2023 | €68.8b | €21.1b | -€3,808,721,669.00 | 21.1x | -18.1x | 3.3x |
| Fri, 02 Jun 2023 | €63.6b | €21.1b | -€3,737,637,014.00 | 16.5x | -17x | 3x |
| Sun, 30 Apr 2023 | €68.6b | €25.2b | -€1,008,538,792.00 | 14.2x | -68x | 2.7x |
| Tue, 28 Mar 2023 | €60.8b | €25.3b | €175.6m | 13.7x | 346.4x | 2.4x |
| Thu, 23 Feb 2023 | €74.0b | €26.1b | €6.5b | 11.5x | 11.3x | 2.8x |
Price to Earnings Ratio
11.3x
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 15.7x which is higher than its 3-year average PE of -16.8x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 14% per year over the last three years,
- Revenues have also declined 10% 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 | 0.11% | |
| Real Estate | 2.82% | |
| Real Estate | 2.83% | |
| Retail REITs | 1.51% | |
| Office REITs | 0% | 0 |
| REITS | -4.38% | |
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 11.9%, which is higher than its past year's earnings growth of 4.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 19% 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 12% 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 | |
|---|---|---|---|---|---|
| VNA Vonovia | €26.11 | 5.6% +€1.2b | -10.2% | PE8.3x | |
| LEG LEG Immobilien | €66.25 | 6.9% +€321.2m | -14.3% | PE4.2x | |
| DWNI Deutsche Wohnen | €21.90 | 2.6% +€218.3m | -7.4% | PS4.4x | |
| TEG TAG Immobilien | €15.68 | 7.5% +€207.8m | 20.0% | PE7.6x | |
| GYC Grand City Properties | €10.24 | 5.2% +€89.8m | -3.6% | PE3.3x |
