Header cover image

German (DAX) Real Estate Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies60
  • 7D-1.3%
  • 3M-5.2%
  • 1Y-11.2%
  • YTD-7.2%

Over the last 7 days, the Real Estate industry has dropped 1.3%, driven by Vonovia declining 1.8%. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 34% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025€69.7b€19.4b€3.0b14.7x23.1x3.6x
Wed, 13 Aug 2025€72.6b€19.5b€1.7b17.2x43.8x3.7x
Fri, 11 Jul 2025€71.4b€19.2b€148.5m19.7x481.1x3.7x
Sun, 08 Jun 2025€67.4b€19.2b-€84,254,455.1520.2x-799.4x3.5x
Tue, 06 May 2025€68.0b€19.0b-€672,412,185.6624.2x-101.2x3.6x
Thu, 03 Apr 2025€60.0b€18.9b-€574,681,086.5417.9x-104.3x3.2x
Sat, 01 Mar 2025€68.3b€17.9b-€7,465,912,596.5120.2x-9.1x3.8x
Mon, 27 Jan 2025€64.0b€17.9b-€7,469,464,591.3124.7x-8.6x3.6x
Wed, 25 Dec 2024€67.4b€17.8b-€7,659,976,572.2719.3x-8.8x3.8x
Fri, 22 Nov 2024€67.3b€17.3b-€8,718,277,046.0124x-7.7x3.9x
Sun, 20 Oct 2024€76.4b€17.1b-€8,044,209,761.3819.2x-9.5x4.5x
Tue, 17 Sep 2024€75.7b€17.1b-€7,963,880,295.2621.3x-9.5x4.4x
Thu, 15 Aug 2024€69.3b€17.1b-€8,794,498,292.1926.7x-7.9x4x
Sat, 13 Jul 2024€68.8b€17.4b-€12,456,178,684.2025.1x-5.5x4x
Mon, 10 Jun 2024€65.5b€17.5b-€12,653,321,362.6327.6x-5.2x3.7x
Wed, 08 May 2024€67.0b€17.5b-€12,772,960,594.0026.5x-5.2x3.8x
Fri, 05 Apr 2024€66.3b€17.6b-€17,076,481,448.0033.4x-3.9x3.8x
Sun, 03 Mar 2024€66.3b€18.2b-€16,704,228,499.0031.3x-4x3.6x
Tue, 30 Jan 2024€76.3b€19.1b-€18,081,970,683.0030.9x-4.2x4x
Thu, 28 Dec 2023€78.9b€19.5b-€17,393,200,644.0020.4x-4.5x4.1x
Sat, 25 Nov 2023€73.5b€19.8b-€16,908,126,008.0012.6x-4.3x3.7x
Mon, 23 Oct 2023€66.2b€19.8b-€16,817,903,742.0013.3x-3.9x3.3x
Wed, 20 Sep 2023€73.1b€19.8b-€16,957,318,688.0012.2x-4.3x3.7x
Fri, 18 Aug 2023€68.6b€20.1b-€14,549,531,347.0016.5x-4.7x3.4x
Sun, 16 Jul 2023€68.5b€21.1b-€3,805,617,600.0017.5x-18x3.2x
Tue, 13 Jun 2023€66.9b€21.1b-€3,751,392,993.0016.5x-17.8x3.2x
Thu, 11 May 2023€66.3b€21.5b-€3,166,494,874.0017.2x-20.9x3.1x
Sat, 08 Apr 2023€61.2b€25.4b-€1,910,389,479.0014.4x-32x2.4x
Mon, 06 Mar 2023€72.5b€26.1b€6.3b12.4x11.6x2.8x
Wed, 01 Feb 2023€75.4b€26.0b€6.6b11.2x11.3x2.9x
Fri, 30 Dec 2022€70.1b€26.0b€6.6b11.2x10.5x2.7x
Sun, 27 Nov 2022€73.1b€25.7b€6.7b12.4x10.9x2.8x
Tue, 25 Oct 2022€68.1b€25.1b€7.5b11x9x2.7x
Thu, 22 Sep 2022€69.5b€25.1b€7.5b11.5x9.3x2.8x
Price to Earnings Ratio

9.3x


Total Market Cap: €69.5bTotal Earnings: €7.5bTotal Revenue: €25.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Real Estate Sector Price to Earnings3Y Average -17.8x202320242025
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 23.1x which is higher than its 3-year average PE of -17.8x.
  • 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 26% per year over the last three years,
  • Revenues have also declined 8.2% 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-0.67%
Real Estate-1.25%
REITS1.64%
Office REITs0%0
Retail REITs-0.82%
Real Estate-1.26%
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 34.6%, which is higher than its past year's earnings growth of 18.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
O5G CPI Property Group€0.820.6%
+€41.8m
3.1%PS4.5x
KBU TAG Colonia-Immobilien€6.355.0%
+€13.3m
-13.0%PE66.4x
CGX CGRE€11.2024.4%
+€13.2m
35.8%n/a
VIH1 VIB Vermögen€8.963.2%
+€9.3m
11.3%PE7.5x
DWB Dinkelacker€1.23k2.5%
+€8.7m
20.6%PE38x

Latest News