Narrative Update • Jun 07
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German (DAX) Real Estate Industry Analysis
UpdatedJun 13, 2026
DataAggregated Company Financials
Companies56
- 7D-0.08%
- 3M-7.8%
- 1Y-19.7%
- YTD-8.9%
Over the last 7 days, the Real Estate industry has dropped 3.3%, driven by Deutsche Wohnen declining 2.3%. The industry has fallen 22% in the last year. Looking forward, earnings are forecast to grow by 1.5% 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 |
|---|---|---|---|---|---|---|
| Sat, 13 Jun 2026 | €54.6b | €16.6b | €7.2b | 8.8x | 7.6x | 3.3x |
| Mon, 11 May 2026 | €58.0b | €17.0b | €7.5b | 10.5x | 7.8x | 3.4x |
| Wed, 08 Apr 2026 | €57.2b | €17.3b | €7.7b | 10.5x | 7.4x | 3.3x |
| Fri, 06 Mar 2026 | €62.9b | €18.5b | €4.4b | 9.7x | 14.2x | 3.4x |
| Sun, 01 Feb 2026 | €60.5b | €18.5b | €4.1b | 10.8x | 14.6x | 3.3x |
| Tue, 30 Dec 2025 | €60.8b | €18.7b | €4.1b | 11x | 14.7x | 3.3x |
| Thu, 27 Nov 2025 | €67.5b | €18.7b | €6.1b | 10.8x | 11x | 3.6x |
| Sat, 25 Oct 2025 | €69.8b | €19.0b | €3.0b | 14.1x | 23.1x | 3.7x |
| Mon, 22 Sep 2025 | €68.4b | €19.1b | €3.0b | 14.2x | 22.5x | 3.6x |
| Wed, 20 Aug 2025 | €71.4b | €19.2b | €2.0b | 16.2x | 35.1x | 3.7x |
| Fri, 18 Jul 2025 | €69.7b | €18.9b | €142.2m | 16.6x | 490.2x | 3.7x |
| Sun, 15 Jun 2025 | €65.3b | €19.6b | -€84,280,487.95 | 13.2x | -774.9x | 3.3x |
| Tue, 13 May 2025 | €65.8b | €19.0b | -€400,969,331.45 | 21.5x | -164.2x | 3.5x |
| Thu, 10 Apr 2025 | €50.5b | €16.7b | -€278,131,895.73 | 16.5x | -181.6x | 3x |
| Sat, 08 Mar 2025 | €59.4b | €17.3b | -€6,695,073,912.65 | 16x | -8.9x | 3.4x |
| Mon, 03 Feb 2025 | €66.0b | €17.3b | -€6,695,030,334.66 | 14.3x | -9.9x | 3.8x |
| Wed, 01 Jan 2025 | €65.5b | €17.3b | -€6,694,917,513.94 | 14x | -9.8x | 3.8x |
| Fri, 29 Nov 2024 | €69.6b | €16.9b | -€7,815,609,772.12 | 18.6x | -8.9x | 4.1x |
| Sun, 27 Oct 2024 | €69.3b | €16.7b | -€7,252,933,897.44 | 15.6x | -9.6x | 4.2x |
| Tue, 24 Sep 2024 | €73.8b | €16.6b | -€7,172,477,987.90 | 19.8x | -10.3x | 4.4x |
| Thu, 22 Aug 2024 | €68.7b | €16.7b | -€7,736,396,345.18 | 21.8x | -8.9x | 4.1x |
| Sat, 20 Jul 2024 | €66.1b | €16.9b | -€11,645,697,633.36 | 24.4x | -5.7x | 3.9x |
| Mon, 17 Jun 2024 | €64.3b | €17.0b | -€11,628,329,430.16 | 27.6x | -5.5x | 3.8x |
| Wed, 15 May 2024 | €65.2b | €17.1b | -€11,715,632,727.00 | 27.3x | -5.6x | 3.8x |
| Fri, 12 Apr 2024 | €64.5b | €17.2b | -€16,005,759,118.00 | 31.2x | -4x | 3.8x |
| Sun, 10 Mar 2024 | €65.5b | €17.7b | -€16,362,949,650.00 | 29.8x | -4x | 3.7x |
| Tue, 06 Feb 2024 | €67.7b | €17.7b | -€16,135,062,632.00 | 25.6x | -4.2x | 3.8x |
| Thu, 04 Jan 2024 | €74.4b | €18.5b | -€17,589,970,916.00 | 30.1x | -4.2x | 4x |
| Sat, 02 Dec 2023 | €73.2b | €19.1b | -€16,828,007,210.00 | 15.5x | -4.3x | 3.8x |
| Mon, 30 Oct 2023 | €64.7b | €19.3b | -€16,474,344,031.00 | 10.2x | -3.9x | 3.3x |
| Wed, 27 Sep 2023 | €69.5b | €19.4b | -€16,630,583,301.00 | 12.1x | -4.2x | 3.6x |
| Fri, 25 Aug 2023 | €66.7b | €19.7b | -€14,446,127,473.00 | 16.8x | -4.6x | 3.4x |
| Sun, 23 Jul 2023 | €69.1b | €20.6b | -€3,961,413,375.00 | 17.2x | -17.4x | 3.4x |
| Tue, 20 Jun 2023 | €64.6b | €20.6b | -€3,708,222,631.00 | 17.4x | -17.4x | 3.1x |
Price to Earnings Ratio
-17.4x
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 7.4x which is higher than its 3-year average PE of -19.0x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 7.0% 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 Trends
Which industries have driven the changes within the German Real Estate industry?
| DE Market | -0.72% | |
| Real Estate | -0.061% | |
| Real Estate | -0.078% | |
| Diversified Real Estate | 2.89% | |
| Real Estate Operating Companies | -0.11% | |
| Real Estate Development | -1.31% | |
| Real Estate Services | -2.68% | |
Industry PE
- Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 11.8x.
- Analysts are expecting annual earnings growth of 0.03%, which is lower than the prior year's growth of 12.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 40% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings growth to stay flat 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 | €20.39 | 1.0% +€169.7m | -28.0% | PE5.1x | |
| TEG TAG Immobilien | €13.36 | 1.8% +€45.4m | -6.6% | PE28.3x | |
| PAT PATRIZIA | €7.82 | 5.0% +€32.0m | -2.3% | PE37.6x | |
| LEG LEG Immobilien | €52.65 | 0.7% +€26.4m | -25.4% | PE3.1x | |
| ABHA Hasen-Immobilien | €196.00 | 9.5% +€8.2m | 12.0% | PE21.7x |