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German (DAX) Real Estate Industry Analysis

UpdatedFeb 28, 2024
DataAggregated Company Financials
Companies55
  • 7D-1.1%
  • 3M-2.2%
  • 1Y-4.9%
  • YTD-7.1%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by Vonovia declining 1.3%. In contrast, PATRIZIA has gained 7.2%. However, the industry is down 4.9% over the past year. Looking forward, earnings are forecast to grow by 90% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024€64.8b€17.7b-€16,135,062,632.0026.9x-4x3.7x
Fri, 26 Jan 2024€74.2b€18.5b-€17,589,970,916.0030.4x-4.2x4x
Sun, 24 Dec 2023€76.8b€19.0b-€16,816,795,877.0016.5x-4.6x4x
Tue, 21 Nov 2023€72.1b€19.3b-€16,500,155,641.0010.1x-4.4x3.7x
Thu, 19 Oct 2023€66.9b€19.3b-€16,471,910,159.0010.2x-4.1x3.5x
Sat, 16 Sep 2023€71.6b€19.4b-€16,623,593,032.0010.8x-4.3x3.7x
Mon, 14 Aug 2023€68.1b€19.5b-€11,751,135,841.0016.7x-5.8x3.5x
Wed, 12 Jul 2023€65.2b€20.6b-€3,769,528,705.0018.6x-17.3x3.2x
Fri, 09 Jun 2023€63.8b€20.6b-€3,690,923,120.0016.5x-17.3x3.1x
Sun, 07 May 2023€64.5b€23.6b-€1,080,230,015.0017.2x-59.7x2.7x
Tue, 04 Apr 2023€58.4b€24.7b-€955,974,684.0014.3x-61.1x2.4x
Thu, 02 Mar 2023€68.5b€25.5b€6.3b12.6x10.9x2.7x
Sat, 28 Jan 2023€73.6b€25.5b€6.4b12.1x11.5x2.9x
Mon, 26 Dec 2022€66.2b€25.5b€6.4b12.6x10.3x2.6x
Wed, 23 Nov 2022€69.4b€25.2b€6.4b13.3x10.9x2.7x
Fri, 21 Oct 2022€66.0b€24.6b€7.2b11.5x9.2x2.7x
Sun, 18 Sep 2022€68.6b€24.6b€7.2b13.3x9.6x2.8x
Tue, 16 Aug 2022€81.5b€24.1b€7.8b13.7x10.4x3.4x
Thu, 14 Jul 2022€75.1b€22.4b€8.2b12x9.2x3.4x
Sat, 11 Jun 2022€83.3b€22.4b€8.2b13.8x10.2x3.7x
Mon, 09 May 2022€87.7b€19.4b€8.9b13.4x9.8x4.5x
Wed, 06 Apr 2022€100.9b€17.6b€10.4b14.4x9.7x5.7x
Fri, 04 Mar 2022€108.6b€18.1b€13.7b13.9x7.9x6x
Sun, 30 Jan 2022€117.1b€18.4b€14.1b13.6x8.3x6.4x
Tue, 28 Dec 2021€111.5b€17.8b€13.4b14.4x8.3x6.3x
Thu, 25 Nov 2021€106.0b€17.7b€12.8b14.4x8.3x6x
Sat, 23 Oct 2021€110.3b€17.7b€11.3b15.1x9.7x6.2x
Mon, 20 Sep 2021€111.6b€19.0b€11.5b15x9.7x5.9x
Wed, 18 Aug 2021€117.8b€17.8b€11.5b14.8x10.3x6.6x
Wed, 02 Jun 2021€110.2b€17.8b€9.7b13.9x11.4x6.2x
Sat, 06 Mar 2021€102.3b€17.8b€9.3b15.1x11x5.8x
Price to Earnings Ratio

11x


Total Market Cap: €102.3bTotal Earnings: €9.3bTotal Revenue: €17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German Real Estate Industry Price to Earnings3Y Average 4.7x202220232024
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 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

DE Market2.40%
Real Estate-1.13%
Real Estate-1.14%
Real Estate Services4.75%
Diversified Real Estate4.46%
Real Estate Development-0.33%
Real Estate Operating Companies-1.29%
Industry PE
  • Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 33.8x.
    • Analysts are expecting annual earnings growth of 6.9%, which is higher than its past year's earnings decline of 32.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 92% over the next 5 years.
  • This is better than its past earnings decline of 52% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings grow by 6.9% 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
PAT PATRIZIA€8.177.6%
+€50.0m
-24.5%PS2.3x
GYC Grand City Properties€8.600.5%
+€7.8m
-8.3%PS2.4x
DGR Deutsche Grundstücksauktionen€12.1015.2%
+€2.6m
-37.0%n/a
CRZK CR Energy€24.801.6%
+€2.3m
-19.0%PE2.3x
DEF DEFAMA Deutsche Fachmarkt€25.901.6%
+€1.9m
7.9%PE21.6x
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Latest News

DWNI

€19.42

Deutsche Wohnen

7D

-1.3%

1Y

-7.3%

VIH1

€13.46

VIB Vermögen

7D

-5.2%

1Y

-29.3%

BENH

€7.65

BENO Holding

7D

2.0%

1Y

-15.0%

PBY

€10.00

Publity

7D

-29.1%

1Y

-63.5%

SY5N

€4.60

Stern Immobilien

7D

4.5%

1Y

-69.7%

DEF

€25.90

DEFAMA Deutsche Fachmarkt

7D

1.6%

1Y

7.9%

VNA

€26.24

Vonovia

7D

-0.6%

1Y

17.3%

O5G

€0.93

CPI Property Group

7D

-1.6%

1Y

1.6%

PAT

€8.17

PATRIZIA

7D

7.6%

1Y

-24.5%

CRZK

€24.80

CR Energy

7D

1.6%

1Y

-19.0%

N9H

€0.005

Global Connectivity

7D

11.1%

1Y

-60.0%