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German (DAX) Real Estate Sector Analysis

UpdatedNov 03, 2025
DataAggregated Company Financials
Companies60
  • 7D-3.0%
  • 3M-4.6%
  • 1Y-10.4%
  • YTD-9.8%

Over the last 7 days, the Real Estate industry has dropped 3.6%, driven by Vonovia declining 5.8%. In contrast, HenriPay Holding has gained 9.4%. However, the industry is down 11% over the past year. Earnings are forecast to grow by 37% annually.

Sector Valuation and Performance

Has the German Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 03 Nov 2025€67.8b€19.4b€3.0b15.6x22.6x3.5x
Wed, 01 Oct 2025€69.7b€19.4b€3.0b15.5x23.3x3.6x
Fri, 29 Aug 2025€72.1b€19.4b€2.8b14.4x25.7x3.7x
Sun, 27 Jul 2025€69.8b€19.2b€148.4m19.9x470.1x3.6x
Tue, 24 Jun 2025€68.8b€19.2b-€82,032,368.2817x-838.3x3.6x
Thu, 22 May 2025€67.5b€19.5b-€274,049,446.9524.1x-246.2x3.5x
Sat, 19 Apr 2025€64.9b€18.9b-€634,189,446.2321.2x-102.3x3.4x
Mon, 17 Mar 2025€61.4b€18.0b-€6,293,807,544.7623.5x-9.7x3.4x
Wed, 12 Feb 2025€67.7b€17.9b-€7,469,367,251.3823.5x-9.1x3.8x
Fri, 10 Jan 2025€65.7b€17.9b-€7,469,417,825.8024.4x-8.8x3.7x
Sun, 08 Dec 2024€73.1b€18.2b-€7,684,915,917.4519.4x-9.5x4x
Tue, 05 Nov 2024€69.5b€17.1b-€8,044,906,042.9217.5x-8.6x4.1x
Thu, 03 Oct 2024€78.2b€17.1b-€7,787,882,822.9612.8x-10x4.6x
Sat, 31 Aug 2024€72.2b€17.1b-€8,044,048,385.0919.3x-9x4.2x
Mon, 29 Jul 2024€67.1b€17.4b-€12,456,193,110.4524.9x-5.4x3.9x
Wed, 26 Jun 2024€64.1b€17.5b-€12,664,893,423.8827.3x-5.1x3.7x
Fri, 24 May 2024€67.1b€17.5b-€12,721,092,494.0026.6x-5.3x3.8x
Sun, 21 Apr 2024€63.4b€17.6b-€17,107,499,986.0028.3x-3.7x3.6x
Tue, 19 Mar 2024€64.6b€18.0b-€17,028,573,517.0030.4x-3.8x3.6x
Thu, 15 Feb 2024€66.1b€18.2b-€16,711,467,399.0032.1x-4x3.6x
Sat, 13 Jan 2024€76.7b€19.0b-€18,166,375,683.0033x-4.2x4x
Mon, 11 Dec 2023€74.0b€19.5b-€17,414,828,977.0017.5x-4.3x3.8x
Wed, 08 Nov 2023€71.5b€19.7b-€16,734,968,506.0013.1x-4.3x3.6x
Fri, 06 Oct 2023€69.1b€19.8b-€16,808,943,792.0016.5x-4.1x3.5x
Sun, 03 Sep 2023€70.7b€19.8b-€16,882,358,253.0014.9x-4.2x3.6x
Tue, 01 Aug 2023€70.9b€21.1b-€3,997,404,585.0017.2x-17.7x3.4x
Thu, 29 Jun 2023€65.5b€21.1b-€3,773,272,025.0018.2x-17.4x3.1x
Sat, 27 May 2023€64.2b€21.6b-€3,347,104,215.0016.5x-19.2x3x
Mon, 24 Apr 2023€63.3b€25.4b-€2,262,732,659.0017.2x-28x2.5x
Wed, 22 Mar 2023€61.9b€25.7b€2.2b13.9x28.1x2.4x
Fri, 17 Feb 2023€74.9b€26.0b€6.7b12x11.3x2.9x
Sun, 15 Jan 2023€78.0b€25.9b€6.6b11.2x11.8x3x
Tue, 13 Dec 2022€70.7b€26.0b€6.7b12.7x10.5x2.7x
Thu, 10 Nov 2022€73.3b€26.0b€6.7b12.5x10.9x2.8x
Price to Earnings Ratio

10.9x


Total Market Cap: €73.3bTotal Earnings: €6.7bTotal Revenue: €26.0bTotal Market Cap vs Earnings and Revenue0%0%0%
German Real Estate Sector Price to Earnings3Y Average -17.2x202320242025
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 22.6x which is higher than its 3-year average PE of -17.2x.
  • 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 24% per year over the last three years,
  • Revenues have also declined 9.4% 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-1.62%
Real Estate-2.97%
Retail REITs0.45%
REITS0%0
Office REITs0%0
Real Estate-3.00%
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 37.4%, which is higher than its past year's earnings growth of 4.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings growth rate of 4.6% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 18% 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
9HF HenriPay Holding€14.009.4%
+€297.1m
-13.6%PS144428.2x
VIH1 VIB Vermögen€10.259.0%
+€28.1m
-4.9%PE8.5x
FC9 FCR Immobilien€11.904.4%
+€4.9m
24.6%PE5.3x
DIC Branicks Group€1.961.3%
+€2.2m
-20.0%PS0.7x
GTY Gateway Real Estate€0.531.9%
+€1.9m
-32.6%PE0.5x

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