Narrative Update • Jun 24
Have your own idea? Try our Stock Screener
German (DAX) Utilities Sector Analysis
UpdatedJul 12, 2026
DataAggregated Company Financials
Companies13
- 7D-1.7%
- 3M-0.7%
- 1Y20.3%
- YTD14.6%
Over the last 7 days, the Utilities industry has dropped 1.7%, driven by a pullback from RWE of 3.0%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to be flat in the coming years.
Sector Valuation and Performance
Has the German Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 12 Jul 2026 | €138.8b | €199.2b | €7.2b | 16.8x | 19.3x | 0.7x |
| Tue, 09 Jun 2026 | €138.5b | €199.4b | €7.2b | 16.8x | 19.2x | 0.7x |
| Thu, 07 May 2026 | €140.0b | €209.3b | €6.5b | 17.9x | 21.5x | 0.7x |
| Sat, 04 Apr 2026 | €142.6b | €209.5b | €6.6b | 15.4x | 21.6x | 0.7x |
| Mon, 02 Mar 2026 | €135.4b | €220.5b | €6.0b | 18x | 22.5x | 0.6x |
| Wed, 28 Jan 2026 | €130.8b | €220.8b | €6.1b | 16.7x | 21.4x | 0.6x |
| Fri, 26 Dec 2025 | €118.1b | €220.6b | €6.1b | 16.2x | 19.3x | 0.5x |
| Sun, 23 Nov 2025 | €115.8b | €220.7b | €6.1b | 14.6x | 18.9x | 0.5x |
| Tue, 21 Oct 2025 | €116.7b | €226.9b | €6.3b | 13.6x | 18.4x | 0.5x |
| Thu, 18 Sep 2025 | €112.8b | €226.9b | €6.4b | 13.4x | 17.8x | 0.5x |
| Sat, 16 Aug 2025 | €116.5b | €227.6b | €7.5b | 13.4x | 15.4x | 0.5x |
| Mon, 14 Jul 2025 | €115.0b | €228.6b | €9.9b | 14.9x | 11.6x | 0.5x |
| Wed, 11 Jun 2025 | €112.5b | €228.6b | €9.9b | 13.6x | 11.4x | 0.5x |
| Fri, 09 May 2025 | €113.6b | €223.4b | €11.4b | 14.7x | 10x | 0.5x |
| Sun, 06 Apr 2025 | €107.4b | €226.9b | €11.7b | 17.2x | 9.2x | 0.5x |
| Tue, 04 Mar 2025 | €102.9b | €255.6b | €8.7b | 20.7x | 11.8x | 0.4x |
| Thu, 30 Jan 2025 | €98.5b | €264.6b | €3.0b | 18.5x | 32.4x | 0.4x |
| Sat, 28 Dec 2024 | €94.6b | €264.6b | €3.0b | 18.5x | 31.1x | 0.4x |
| Mon, 25 Nov 2024 | €100.6b | €264.9b | €3.0b | 19x | 33.3x | 0.4x |
| Wed, 23 Oct 2024 | €105.1b | €235.4b | €3.9b | 21.1x | 27.1x | 0.4x |
| Fri, 20 Sep 2024 | €105.9b | €236.1b | €3.9b | 17.4x | 26.8x | 0.4x |
| Sun, 18 Aug 2024 | €103.6b | €253.7b | €3.4b | 17.3x | 30.7x | 0.4x |
| Tue, 16 Jul 2024 | €104.7b | €264.6b | €3.8b | 18.4x | 27.8x | 0.4x |
| Thu, 13 Jun 2024 | €109.5b | €264.7b | €3.8b | 18.8x | 29.1x | 0.4x |
| Sat, 11 May 2024 | €115.7b | €250.3b | €4.1b | 19.4x | 28.1x | 0.5x |
| Mon, 08 Apr 2024 | €109.8b | €302.6b | €10.4b | 18.3x | 10.6x | 0.4x |
| Wed, 06 Mar 2024 | €106.1b | €322.7b | €14.6b | 14.9x | 7.3x | 0.3x |
| Fri, 02 Feb 2024 | €114.2b | €351.8b | €44.3b | 15.7x | 2.6x | 0.3x |
| Sun, 31 Dec 2023 | €121.4b | €351.8b | €44.3b | 15.1x | 2.7x | 0.3x |
| Tue, 28 Nov 2023 | €128.6b | €351.8b | €44.1b | 16.2x | 2.9x | 0.4x |
| Thu, 26 Oct 2023 | €127.2b | €445.4b | €15.1b | 16.3x | 8.4x | 0.3x |
| Sat, 23 Sep 2023 | €139.0b | €445.9b | €15.0b | 15.7x | 9.3x | 0.3x |
| Mon, 21 Aug 2023 | €143.9b | €453.3b | €14.6b | 13.6x | 9.9x | 0.3x |
| Wed, 19 Jul 2023 | €138.6b | €489.6b | €2.3b | 21x | 61.4x | 0.3x |
Price to Earnings Ratio
61.4x
Current Industry PE
- Investors are relatively neutral on the German Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.8x.
- The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 47% per year over the last three years.
- Meanwhile revenues for these companies have declined 26% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the German Utilities sector?
| DE Market | -2.52% | |
| Utilities | -1.70% | |
| Gas Utilities | 0% | 0 |
| Water Utilities | -1.08% | |
| Other Utilities | -1.31% | |
| Renewable Energy | -1.93% | |
| Electric Utilities | -2.03% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry even though it's trading below its 3-year average PE ratio of 54.2x.
- Analysts are expecting annual earnings growth of 4.1%, which is higher than its past year's earnings decline of 37.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 4.1% over the next 5 years.
- This is better than its past earnings decline of 38% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 3.2% 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 | |
|---|---|---|---|---|---|
| UN0 Uniper | €43.15 | 0.6% +€104.1m | 13.6% | PE10.9x | |
| LEC Lechwerke | €67.50 | 3.1% +€70.9m | -2.2% | PE24.2x | |
| WWG Gelsenwasser | €540.00 | 0.9% +€17.2m | -3.6% | PE18x | |
| AB9 ABO Energy GmbH KGaA | €3.59 | 2.0% +€645.5k | -92.0% | PE1.4x | |
| BGZ Smart Grids | €0.30 | 20.0% +€140.0k | 1,150.0% | n/a |