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German (DAX) Real Estate Sector Analysis
UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies60
- 7D1.7%
- 3M5.4%
- 1Y-5.9%
- YTD11.8%
Over the last 7 days, the Real Estate industry has risen 1.7%, driven by gains from Vonovia of 3.3%. However, the industry is down 5.9% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.
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, 27 Feb 2026 | €67.9b | €18.8b | €4.1b | 10.3x | 16.6x | 3.6x |
| Sun, 25 Jan 2026 | €61.0b | €18.8b | €4.1b | 11x | 14.9x | 3.2x |
| Tue, 23 Dec 2025 | €60.6b | €18.9b | €4.1b | 11.3x | 14.9x | 3.2x |
| Thu, 20 Nov 2025 | €66.9b | €19.1b | €6.1b | 10.9x | 11x | 3.5x |
| Sat, 18 Oct 2025 | €70.4b | €19.4b | €3.0b | 15.5x | 23.5x | 3.6x |
| Mon, 15 Sep 2025 | €69.7b | €19.4b | €3.0b | 14.7x | 23.1x | 3.6x |
| Wed, 13 Aug 2025 | €72.6b | €19.5b | €1.7b | 17.2x | 43.8x | 3.7x |
| Fri, 11 Jul 2025 | €71.4b | €19.2b | €148.5m | 19.7x | 481.1x | 3.7x |
| Sun, 08 Jun 2025 | €67.4b | €19.2b | -€84,254,455.15 | 20.2x | -799.4x | 3.5x |
| Tue, 06 May 2025 | €68.0b | €19.0b | -€672,412,185.66 | 24.2x | -101.2x | 3.6x |
| Thu, 03 Apr 2025 | €60.0b | €18.9b | -€574,681,086.54 | 17.9x | -104.3x | 3.2x |
| Sat, 01 Mar 2025 | €68.3b | €17.9b | -€7,465,912,596.51 | 20.2x | -9.1x | 3.8x |
| Mon, 27 Jan 2025 | €64.0b | €17.9b | -€7,469,464,591.31 | 24.7x | -8.6x | 3.6x |
| Wed, 25 Dec 2024 | €67.4b | €17.8b | -€7,659,976,572.27 | 19.3x | -8.8x | 3.8x |
| Fri, 22 Nov 2024 | €67.3b | €17.3b | -€8,718,277,046.01 | 24x | -7.7x | 3.9x |
| Sun, 20 Oct 2024 | €76.4b | €17.1b | -€8,044,209,761.38 | 19.2x | -9.5x | 4.5x |
| Tue, 17 Sep 2024 | €75.7b | €17.1b | -€7,963,880,295.26 | 21.3x | -9.5x | 4.4x |
| Thu, 15 Aug 2024 | €69.3b | €17.1b | -€8,794,498,292.19 | 26.7x | -7.9x | 4x |
| Sat, 13 Jul 2024 | €68.8b | €17.4b | -€12,456,178,684.20 | 25.1x | -5.5x | 4x |
| Mon, 10 Jun 2024 | €65.5b | €17.5b | -€12,653,321,362.63 | 27.6x | -5.2x | 3.7x |
| Wed, 08 May 2024 | €67.0b | €17.5b | -€12,772,960,594.00 | 26.5x | -5.2x | 3.8x |
| Fri, 05 Apr 2024 | €66.3b | €17.6b | -€17,076,481,448.00 | 33.4x | -3.9x | 3.8x |
| Sun, 03 Mar 2024 | €66.3b | €18.2b | -€16,704,228,499.00 | 31.3x | -4x | 3.6x |
| Tue, 30 Jan 2024 | €76.3b | €19.1b | -€18,081,970,683.00 | 30.9x | -4.2x | 4x |
| Thu, 28 Dec 2023 | €78.9b | €19.5b | -€17,393,200,644.00 | 20.4x | -4.5x | 4.1x |
| Sat, 25 Nov 2023 | €73.5b | €19.8b | -€16,908,126,008.00 | 12.6x | -4.3x | 3.7x |
| Mon, 23 Oct 2023 | €66.2b | €19.8b | -€16,817,903,742.00 | 13.3x | -3.9x | 3.3x |
| Wed, 20 Sep 2023 | €73.1b | €19.8b | -€16,957,318,688.00 | 12.2x | -4.3x | 3.7x |
| Fri, 18 Aug 2023 | €68.6b | €20.1b | -€14,549,531,347.00 | 16.5x | -4.7x | 3.4x |
| Sun, 16 Jul 2023 | €68.5b | €21.1b | -€3,805,617,600.00 | 17.5x | -18x | 3.2x |
| Tue, 13 Jun 2023 | €66.9b | €21.1b | -€3,751,392,993.00 | 16.5x | -17.8x | 3.2x |
| Thu, 11 May 2023 | €66.3b | €21.5b | -€3,166,494,874.00 | 17.2x | -20.9x | 3.1x |
| Sat, 08 Apr 2023 | €61.2b | €25.4b | -€1,910,389,479.00 | 14.4x | -32x | 2.4x |
| Mon, 06 Mar 2023 | €72.5b | €26.1b | €6.3b | 12.4x | 11.6x | 2.8x |
Price to Earnings Ratio
11.6x
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 16.6x 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 13% 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 | 0.62% | |
| Real Estate | 1.72% | |
| Real Estate | 1.75% | |
| Office REITs | 0% | 0 |
| Retail REITs | -1.38% | |
| REITS | -2.58% | |
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 11.6%, which is higher than its past year's earnings growth of 5.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 46% 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 | €28.25 | 3.3% +€763.3m | -6.4% | PE9x | |
| LEG LEG Immobilien | €70.25 | 3.2% +€166.3m | -13.7% | PE4.5x | |
| DWNI Deutsche Wohnen | €23.55 | 1.1% +€99.2m | -4.1% | PS4.7x | |
| GYC Grand City Properties | €11.08 | 2.4% +€45.8m | -0.5% | PE3.6x | |
| AT1 Aroundtown | €3.04 | 1.7% +€43.0m | 8.8% | PE4x |
