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German (DAX) Utilities Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies13
  • 7D-1.0%
  • 3M13.0%
  • 1Y30.3%
  • YTD16.7%

Over the last 7 days, the Utilities industry has remained flat, although notably Mainova gained 3.9%. The past year has been better, since the industry has gained 30% in that time. As for the next few years, earnings are expected to grow by 1.1% per annum.

Sector Valuation and Performance

Has the German Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026€141.1b€209.8b€6.6b15.8x21.4x0.7x
Tue, 10 Mar 2026€131.9b€218.0b€4.7b19x27.8x0.6x
Thu, 05 Feb 2026€132.0b€220.8b€6.1b16.9x21.6x0.6x
Sat, 03 Jan 2026€121.0b€220.6b€6.1b16.2x19.8x0.5x
Mon, 01 Dec 2025€117.4b€220.7b€6.1b14.5x19.1x0.5x
Wed, 29 Oct 2025€116.1b€226.9b€6.3b13.5x18.3x0.5x
Fri, 26 Sep 2025€113.9b€226.9b€6.3b13.3x17.9x0.5x
Sun, 24 Aug 2025€116.5b€227.4b€6.2b13.1x18.8x0.5x
Tue, 22 Jul 2025€114.6b€228.6b€9.9b14.5x11.6x0.5x
Thu, 19 Jun 2025€112.8b€228.6b€9.9b13.2x11.4x0.5x
Sat, 17 May 2025€110.1b€227.1b€9.9b14x11.1x0.5x
Mon, 14 Apr 2025€108.6b€226.2b€11.7b17x9.3x0.5x
Wed, 12 Mar 2025€105.0b€227.3b€8.7b20.7x12x0.5x
Fri, 07 Feb 2025€98.9b€264.6b€3.0b18.8x32.5x0.4x
Sun, 05 Jan 2025€97.6b€264.6b€3.0b18.3x32.1x0.4x
Tue, 03 Dec 2024€101.8b€264.9b€3.0b19.4x33.7x0.4x
Thu, 31 Oct 2024€104.0b€235.4b€3.9b20.7x26.8x0.4x
Sat, 28 Sep 2024€111.5b€236.1b€3.9b17.5x28.3x0.5x
Mon, 26 Aug 2024€104.3b€255.9b€3.3b17x31.2x0.4x
Wed, 24 Jul 2024€105.5b€264.6b€3.8b18.4x28x0.4x
Fri, 21 Jun 2024€108.9b€264.6b€3.8b18.2x29x0.4x
Sun, 19 May 2024€111.9b€277.9b€3.0b20.3x36.7x0.4x
Tue, 16 Apr 2024€109.4b€302.6b€10.4b18x10.5x0.4x
Thu, 14 Mar 2024€110.1b€322.7b€14.6b14.8x7.6x0.3x
Sat, 10 Feb 2024€111.5b€351.8b€44.3b16.1x2.5x0.3x
Mon, 08 Jan 2024€122.6b€351.8b€44.3b14.8x2.8x0.3x
Wed, 06 Dec 2023€129.7b€352.1b€44.0b15.7x2.9x0.4x
Fri, 03 Nov 2023€134.6b€372.7b€43.4b16.2x3.1x0.4x
Sun, 01 Oct 2023€133.9b€445.9b€15.0b15.2x9x0.3x
Tue, 29 Aug 2023€147.2b€446.5b€15.0b13.5x9.8x0.3x
Thu, 27 Jul 2023€147.4b€489.6b€2.3b21.2x65.3x0.3x
Sat, 24 Jun 2023€140.7b€489.6b€2.3b22x62.4x0.3x
Mon, 22 May 2023€132.1b€492.6b€2.3b32.7x58.6x0.3x
Wed, 19 Apr 2023€132.1b€519.3b-€7,227,559,077.0026.2x-18.3x0.3x
Price to Earnings Ratio

-18.3x


Total Market Cap: €132.1bTotal Earnings: -€7,227,559,077.00Total Revenue: €519.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Utilities Sector Price to Earnings3Y Average 20.4x202420252026
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 20.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
  • Total earnings for the Utilities industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 26% 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 Utilities sector?

DE Market2.93%
Utilities-0.99%
Gas Utilities0%0
Water Utilities0%0
Other Utilities-0.33%
Renewable Energy-0.65%
Electric Utilities-3.26%
Industry PE
  • Investors are most optimistic about the Other Utilities industry even though it's trading below its 3-year average PE ratio of 54.5x.
    • Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings decline of 21.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 9.2% 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
MNV6 Mainova€370.003.9%
+€93.4m
5.7%PE11.4x
WWG Gelsenwasser€550.000.9%
+€17.2m
5.8%PE18.3x
RWE RWE€59.040.07%
+€11.2m
81.5%PE13.4x
HRPK 7C Solarparken€1.793.7%
+€5.1m
-7.0%PS1.9x
BGZ Smart Grids€0.0745.8%
+€61.6k
133.3%n/a

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