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German (DAX) Real Estate Industry Analysis
UpdatedSep 09, 2025
DataAggregated Company Financials
Companies56
- 7D-1.2%
- 3M-4.7%
- 1Y-8.7%
- YTD-5.9%
Over the last 7 days, the Real Estate industry has dropped 1.6%, driven by Vonovia declining 2.4%. Overall the industry is down 9.0% in 12 months. Looking forward, earnings are forecast to grow by 35% 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, 09 Sep 2025 | €69.9b | €19.1b | €3.0b | 14.8x | 23x | 3.7x |
| Thu, 07 Aug 2025 | €71.4b | €19.0b | €1.2b | 17.9x | 59.3x | 3.8x |
| Sat, 05 Jul 2025 | €71.2b | €18.9b | €125.2m | 16.2x | 568.6x | 3.8x |
| Mon, 02 Jun 2025 | €66.3b | €18.9b | -€93,390,686.92 | 18.5x | -709.4x | 3.5x |
| Wed, 30 Apr 2025 | €64.3b | €18.5b | -€487,519,146.84 | 20.2x | -131.9x | 3.5x |
| Fri, 28 Mar 2025 | €58.4b | €18.4b | -€1,423,653,121.90 | 17.5x | -41x | 3.2x |
| Sun, 23 Feb 2025 | €63.5b | €17.3b | -€6,694,928,360.89 | 17.5x | -9.5x | 3.7x |
| Tue, 21 Jan 2025 | €64.8b | €17.3b | -€6,695,148,626.67 | 13.6x | -9.7x | 3.7x |
| Thu, 19 Dec 2024 | €65.9b | €17.3b | -€6,698,581,826.81 | 14x | -9.8x | 3.8x |
| Sat, 16 Nov 2024 | €66.8b | €16.9b | -€7,748,836,556.48 | 18.7x | -8.6x | 4x |
| Mon, 14 Oct 2024 | €74.6b | €16.7b | -€7,199,057,789.69 | 16.7x | -10.4x | 4.5x |
| Wed, 11 Sep 2024 | €74.0b | €16.6b | -€7,167,205,692.56 | 20.2x | -10.3x | 4.5x |
| Fri, 09 Aug 2024 | €66.3b | €16.7b | -€9,248,853,853.23 | 24x | -7.2x | 4x |
| Sun, 07 Jul 2024 | €65.0b | €16.9b | -€11,635,521,136.78 | 25.4x | -5.6x | 3.8x |
| Tue, 04 Jun 2024 | €66.4b | €17.0b | -€11,622,538,006.00 | 27.6x | -5.7x | 3.9x |
| Thu, 02 May 2024 | €64.2b | €17.0b | -€11,716,474,119.00 | 27.6x | -5.5x | 3.8x |
| Sat, 30 Mar 2024 | €67.0b | €17.2b | -€15,414,395,581.00 | 33.4x | -4.3x | 3.9x |
| Mon, 26 Feb 2024 | €65.2b | €17.7b | -€16,135,062,632.00 | 26.8x | -4x | 3.7x |
| Wed, 24 Jan 2024 | €72.8b | €18.5b | -€17,589,970,916.00 | 33.6x | -4.1x | 3.9x |
| Fri, 22 Dec 2023 | €76.7b | €19.0b | -€16,816,795,877.00 | 16.3x | -4.6x | 4x |
| Sun, 19 Nov 2023 | €71.6b | €19.3b | -€16,500,155,641.00 | 10.1x | -4.3x | 3.7x |
| Tue, 17 Oct 2023 | €68.3b | €19.3b | -€16,471,158,250.00 | 10.2x | -4.1x | 3.5x |
| Thu, 14 Sep 2023 | €70.2b | €19.4b | -€16,613,135,053.00 | 11.2x | -4.2x | 3.6x |
| Sat, 12 Aug 2023 | €68.2b | €19.5b | -€9,678,045,341.00 | 18.2x | -7x | 3.5x |
| Mon, 10 Jul 2023 | €64.6b | €20.6b | -€3,771,793,244.00 | 20.9x | -17.1x | 3.1x |
| Wed, 07 Jun 2023 | €63.8b | €20.6b | -€3,690,222,429.00 | 16.8x | -17.3x | 3.1x |
| Fri, 05 May 2023 | €64.6b | €24.7b | -€983,441,978.00 | 17.4x | -65.7x | 2.6x |
| Sun, 02 Apr 2023 | €58.8b | €24.7b | -€955,972,412.00 | 14.2x | -61.5x | 2.4x |
| Tue, 28 Feb 2023 | €70.8b | €25.5b | €6.3b | 12.6x | 11.3x | 2.8x |
| Thu, 26 Jan 2023 | €73.7b | €25.5b | €6.4b | 12.2x | 11.5x | 2.9x |
| Sat, 24 Dec 2022 | €66.2b | €25.5b | €6.4b | 12.6x | 10.3x | 2.6x |
| Mon, 21 Nov 2022 | €70.7b | €25.2b | €6.4b | 13.5x | 11.1x | 2.8x |
| Wed, 19 Oct 2022 | €65.5b | €24.6b | €7.2b | 11.6x | 9.1x | 2.7x |
| Fri, 16 Sep 2022 | €68.4b | €24.6b | €7.2b | 12.6x | 9.5x | 2.8x |
Price to Earnings Ratio
9.5x
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 22.9x which is higher than its 3-year average PE of -21.0x.
- 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 25% 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 industry?
| DE Market | 4.03% | |
| Real Estate | -1.21% | |
| Real Estate | -1.21% | |
| Real Estate Development | -0.021% | |
| Diversified Real Estate | -0.47% | |
| Real Estate Operating Companies | -1.31% | |
| Real Estate Services | -1.39% | |
Industry PE
- Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 40.0x.
- Analysts expect its future annual earnings growth (29.4%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 4.5% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| GIB GSW Immobilien | €69.00 | 1.5% +€56.7m | 6.2% | n/a | |
| GYC Grand City Properties | €11.20 | 1.1% +€21.1m | -11.2% | PE4.7x | |
| DWB Dinkelacker | €1.20k | 4.3% +€14.6m | 14.3% | PE37.1x | |
| WCMK WCM Beteiligungs- und Grundbesitz-AG | €2.00 | 4.2% +€12.0m | n/a | PS5.3x | |
| TLG TLG Immobilien | €14.60 | 0.7% +€10.7m | -2.7% | PE37.7x |