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German (DAX) Real Estate Sector Analysis

UpdatedDec 07, 2021
DataAggregated Company Financials
  • 7D-0.5%
  • 3M-9.7%
  • 1Y-4.2%
  • YTD-7.3%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by a pullback from Deutsche Wohnen of 3.8%. However, the industry is down 3.9% over the past year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Tue, 07 Dec 2021€110.8b€18.3b€14.0b14.4x
Thu, 04 Nov 2021€111.5b€18.2b€11.8b15.1x
Sat, 02 Oct 2021€114.5b€18.2b€11.9b14.5x
Mon, 30 Aug 2021€121.4b€18.3b€12.0b13.9x
Tue, 06 Jul 2021€116.0b€18.3b€12.0b13.6x
Fri, 09 Apr 2021€108.2b€18.2b€10.0b13.3x
Thu, 31 Dec 2020€115.3b€18.3b€9.6b15.4x
Sun, 04 Oct 2020€108.0b€17.5b€9.9b12.6x
Wed, 08 Jul 2020€102.8b€17.3b€9.8b12x
Tue, 31 Mar 2020€89.9b€16.6b€9.9b9.7x
Fri, 03 Jan 2020€103.3b€16.1b€10.1b10.6x
Mon, 07 Oct 2019€97.7b€15.3b€10.4b11.3x
Sun, 30 Jun 2019€92.1b€14.8b€10.7b10.1x
Wed, 03 Apr 2019€99.7b€14.5b€11.4b10.3x
Sat, 05 Jan 2019€89.3b€13.9b€11.4b10x
PE Ratio


Total Market Cap: €89.3bTotal Earnings: €11.4bTotal Revenue: €13.9b0%0%0%3 Year10 Year

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 12.1x. However, future earnings are expected to decline by 11% which could potentially cause the PE ratio to fall below its historical average.

Past Earnings Growth: The earnings for companies in the Real Estate industry have grown 7.2% per year over the last three years, and revenues for these companies have grown 9.6% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the German Real Estate sector?

Real Estate-0.42%

Industry PE: Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 12.2x. However analysts are expecting annual earnings decline of 11%, which is lower than the prior year's growth of 5.3% per year. So the market might believe that analysts are underestimating future growth or they expect the Real Estate industry's earnings to deteriorate the least compared to other industries. Meanwhile, investors are most pessimistic about the REITS industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 12.3x.

Forecasted Growth: Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 11% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 5.3% per year. Meanwhile, the REITS industry is expected to see its earnings decline by 11% per year over the next few years.

Top Stock Gainers and Losers

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

VNA Vonovia2.6%+€730.6m-10.3%PB1.1x
O5G CPI Property Group0%€533.3m0%PB1x
ADJ Adler Group13.4%+€152.2m-51.2%PB0.3x
CCAP CORESTATE Capital Holding22.3%+€62.1m-34.0%PB0.4x
AOX alstria office REIT-AG0.5%+€16.0m37.3%PB1.1x
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