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German (DAX) Real Estate Operating Companies Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies41
  • 7D2.1%
  • 3M-1.3%
  • 1Y-11.0%
  • YTDn/a

In the last week, the Real Estate Operating Companies industry is up 2.1%, with Vonovia up 4.0%. In the past year, the industry is down 11%. As for the next few years, earnings are expected to grow by 1.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026€59.0b€16.7b€7.9b16.4x7.4x3.5x
Thu, 19 Mar 2026€59.6b€17.5b€4.1b16.9x14.6x3.4x
Sat, 14 Feb 2026€61.7b€17.5b€4.3b11.5x14.2x3.5x
Mon, 12 Jan 2026€61.1b€17.5b€4.3b16.5x14.1x3.5x
Wed, 10 Dec 2025€58.9b€17.6b€4.3b17x13.6x3.3x
Fri, 07 Nov 2025€62.2b€17.8b€5.5b16x11.2x3.5x
Sun, 05 Oct 2025€63.6b€18.0b€3.2b17.3x19.9x3.5x
Tue, 02 Sep 2025€65.2b€18.0b€3.2b18.8x20.5x3.6x
Thu, 31 Jul 2025€64.5b€17.8b€382.6m20.9x168.7x3.6x
Sat, 28 Jun 2025€67.4b€17.8b€153.3m20.1x439.4x3.8x
Mon, 26 May 2025€64.2b€18.0b€87.9m23.6x730.3x3.6x
Wed, 23 Apr 2025€62.0b€17.3b-€284,475,193.0022.5x-217.8x3.6x
Fri, 21 Mar 2025€57.8b€17.1b-€3,201,966,029.0023.8x-18x3.4x
Sun, 16 Feb 2025€63.6b€16.1b-€6,437,974,029.0023.5x-9.9x3.9x
Tue, 14 Jan 2025€61.3b€16.1b-€6,437,974,029.0024.4x-9.5x3.8x
Thu, 12 Dec 2024€67.7b€16.1b-€6,437,974,029.0024.4x-10.5x4.2x
Sat, 09 Nov 2024€65.6b€15.6b-€7,503,502,575.0025.1x-8.7x4.2x
Mon, 07 Oct 2024€69.5b€15.4b-€6,834,312,341.0017.8x-10.2x4.5x
Wed, 04 Sep 2024€64.5b€15.3b-€7,048,795,525.0024.3x-9.2x4.2x
Fri, 02 Aug 2024€61.6b€15.6b-€11,586,012,390.0030.2x-5.3x3.9x
Sun, 30 Jun 2024€58.5b€15.6b-€11,587,637,581.0029.9x-5.1x3.8x
Tue, 28 May 2024€58.6b€15.2b-€11,671,549,988.0030.9x-5x3.9x
Thu, 25 Apr 2024€56.4b€15.7b-€15,889,884,215.0039.3x-3.6x3.6x
Sat, 23 Mar 2024€59.9b€15.8b-€15,669,246,746.0038.2x-3.8x3.8x
Mon, 19 Feb 2024€60.0b€16.2b-€16,162,732,728.0038.7x-3.7x3.7x
Wed, 17 Jan 2024€68.6b€17.0b-€16,004,839,098.0041.9x-4.3x4x
Fri, 15 Dec 2023€70.9b€17.5b-€15,233,689,787.0035.3x-4.7x4.1x
Sun, 12 Nov 2023€63.7b€17.7b-€14,910,664,551.0023.3x-4.3x3.6x
Tue, 10 Oct 2023€63.4b€17.7b-€14,901,319,327.0025.9x-4.3x3.6x
Thu, 07 Sep 2023€64.1b€17.6b-€15,001,164,760.0026.4x-4.3x3.6x
Sat, 05 Aug 2023€62.2b€18.9b-€3,990,479,894.0023.7x-15.6x3.3x
Mon, 03 Jul 2023€58.9b€18.9b-€3,908,000,129.0036.2x-15.1x3.1x
Wed, 31 May 2023€56.7b€18.7b-€3,515,500,546.0017.3x-16.1x3x
Fri, 28 Apr 2023€60.3b€22.9b-€1,166,288,546.0018.5x-51.7x2.6x
Price to Earnings Ratio

-51.7x


Total Market Cap: €60.3bTotal Earnings: -€1,166,288,546.00Total Revenue: €22.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Real Estate Operating Companies Industry Price to Earnings3Y Average 17.3x202420252026
Current Industry PE
  • Investors are pessimistic on the German Real Estate Operating Companies 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 7.5x which is lower than its 3-year average PE of 17.3x.
  • The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • Total earnings for the Real Estate Operating Companies industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 8.9% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does German Real Estate Operating Companies compare with similar industries?

DE Market2.70%
Real Estate2.12%
Real Estate2.13%
Real Estate Operating Companies2.12%
Diversified Real Estate4.69%
Real Estate Services1.45%
Real Estate Development-0.48%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
VNA Vonovia€23.823.2%
+€619.2m
-16.4%PE5.5x
O5G CPI Property Group€0.742.8%
+€167.4m
-10.3%PE68.9x
DWNI Deutsche Wohnen€20.752.0%
+€158.8m
-7.2%PE7.7x
TEG TAG Immobilien€15.534.5%
+€126.6m
10.5%PE31.4x
AT1 Aroundtown€2.624.9%
+€124.8m
-3.8%PE4x

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