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German (DAX) Real Estate Industry Analysis
UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies56
- 7D4.1%
- 3M1.4%
- 1Y-7.5%
- YTD7.0%
The Real Estate industry is up 4.1% in the last week, with Vonovia up 6.9%. However, the industry is down 7.5% over the past year. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the German Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 17 Feb 2026 | €64.1b | €18.5b | €4.1b | 10.6x | 15.5x | 3.5x |
| Thu, 15 Jan 2026 | €61.5b | €18.5b | €4.1b | 10.9x | 14.9x | 3.3x |
| Sat, 13 Dec 2025 | €64.3b | €18.7b | €4.1b | 10.9x | 15.6x | 3.4x |
| Mon, 10 Nov 2025 | €65.6b | €18.8b | €5.3b | 10.8x | 12.4x | 3.5x |
| Wed, 08 Oct 2025 | €68.7b | €19.0b | €3.0b | 13.9x | 22.7x | 3.6x |
| Fri, 05 Sep 2025 | €68.4b | €19.1b | €3.0b | 14.5x | 22.5x | 3.6x |
| Sun, 03 Aug 2025 | €69.6b | €18.9b | €151.1m | 17.4x | 460.6x | 3.7x |
| Tue, 01 Jul 2025 | €68.3b | €18.9b | -€76,961,861.14 | 13.9x | -887.7x | 3.6x |
| Thu, 29 May 2025 | €66.8b | €19.0b | -€152,869,491.44 | 22.4x | -436.9x | 3.5x |
| Sat, 26 Apr 2025 | €63.6b | €18.3b | -€528,896,598.41 | 15.9x | -120.2x | 3.5x |
| Mon, 24 Mar 2025 | €59.4b | €18.2b | -€3,404,445,780.66 | 10.6x | -17.4x | 3.3x |
| Wed, 19 Feb 2025 | €64.9b | €17.3b | -€6,694,933,155.07 | 17.5x | -9.7x | 3.7x |
| Fri, 17 Jan 2025 | €64.3b | €17.3b | -€6,695,112,472.12 | 13.6x | -9.6x | 3.7x |
| Sun, 15 Dec 2024 | €68.0b | €17.3b | -€6,698,685,125.53 | 14.2x | -10.2x | 3.9x |
| Tue, 12 Nov 2024 | €67.9b | €16.9b | -€7,811,055,128.23 | 15.7x | -8.7x | 4x |
| Thu, 10 Oct 2024 | €74.3b | €16.7b | -€6,997,084,031.89 | 11.7x | -10.6x | 4.5x |
| Sat, 07 Sep 2024 | €73.0b | €16.6b | -€7,167,212,657.16 | 20.3x | -10.2x | 4.4x |
| Mon, 05 Aug 2024 | €67.3b | €16.8b | -€10,440,436,235.26 | 24.2x | -6.4x | 4x |
| Wed, 03 Jul 2024 | €63.4b | €16.9b | -€11,646,226,740.29 | 26.3x | -5.4x | 3.7x |
| Fri, 31 May 2024 | €65.6b | €17.0b | -€11,609,938,006.00 | 29.1x | -5.6x | 3.9x |
| Sun, 28 Apr 2024 | €62.4b | €16.8b | -€13,980,574,119.00 | 27.3x | -4.5x | 3.7x |
| Tue, 26 Mar 2024 | €65.9b | €17.2b | -€15,646,701,650.00 | 30.9x | -4.2x | 3.8x |
| Thu, 22 Feb 2024 | €65.2b | €17.7b | -€16,135,062,632.00 | 26.7x | -4x | 3.7x |
| Sat, 20 Jan 2024 | €73.7b | €18.5b | -€17,589,970,916.00 | 34.4x | -4.2x | 4x |
| Mon, 18 Dec 2023 | €76.1b | €19.0b | -€16,816,795,877.00 | 17.2x | -4.5x | 4x |
| Wed, 15 Nov 2023 | €72.1b | €19.3b | -€16,485,935,641.00 | 10.2x | -4.4x | 3.7x |
| Fri, 13 Oct 2023 | €69.0b | €19.3b | -€16,475,391,507.00 | 10.2x | -4.2x | 3.6x |
| Sun, 10 Sep 2023 | €68.9b | €19.3b | -€16,512,177,818.00 | 12.5x | -4.2x | 3.6x |
| Tue, 08 Aug 2023 | €67.3b | €21.0b | -€7,533,944,578.00 | 17.7x | -8.9x | 3.2x |
| Thu, 06 Jul 2023 | €66.7b | €20.6b | -€3,772,729,141.00 | 21.2x | -17.7x | 3.2x |
| Sat, 03 Jun 2023 | €63.2b | €20.6b | -€3,680,860,345.00 | 16.5x | -17.2x | 3.1x |
| Mon, 01 May 2023 | €66.3b | €24.7b | -€978,062,329.00 | 14.2x | -67.8x | 2.7x |
| Wed, 29 Mar 2023 | €56.7b | €24.8b | €209.0m | 13.6x | 271.3x | 2.3x |
| Fri, 24 Feb 2023 | €72.3b | €25.5b | €6.3b | 12.3x | 11.5x | 2.8x |
Price to Earnings Ratio
11.5x
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 15.5x which is higher than its 3-year average PE of -19.9x.
- 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 industry?
| DE Market | -0.92% | |
| Real Estate | 4.11% | |
| Real Estate | 4.14% | |
| Real Estate Development | 6.90% | |
| Real Estate Operating Companies | 4.23% | |
| Real Estate Services | -0.78% | |
| Diversified Real Estate | -2.12% | |
Industry PE
- Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 11.4x.
- Analysts are expecting annual earnings growth of 10.9%, which is lower than the prior year's growth of 118.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 2.3% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 7.6% 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 | €27.40 | 9.2% +€2.0b | -5.5% | PE8.7x | |
| DWNI Deutsche Wohnen | €23.20 | 7.4% +€635.1m | -1.5% | PS4.6x | |
| LEG LEG Immobilien | €68.60 | 8.1% +€389.2m | -11.8% | PE4.4x | |
| TEG TAG Immobilien | €16.57 | 10.5% +€298.5m | 25.1% | PE8x | |
| GYC Grand City Properties | €10.80 | 8.0% +€140.9m | 0.5% | PE3.5x |
