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German (DAX) Utilities Sector Analysis

UpdatedAug 26, 2026
DataAggregated Company Financials
Companies13
  • 7D0.4%
  • 3M-0.02%
  • 1Y22.1%
  • YTD13.8%

Last week, the Utilities industry hasn't moved much but Uniper is up 3.5% in that time. As for the the longer term, the industry is up 22% over the past 12 months. Looking forward, earnings are expected to remain mostly flat in the next few years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026€138.1b€202.4b€8.2b13.7x16.8x0.7x
Sat, 25 Jul 2026€142.0b€199.2b€7.2b17.6x19.7x0.7x
Mon, 22 Jun 2026€137.4b€199.2b€7.2b16.5x19.1x0.7x
Wed, 20 May 2026€138.6b€199.7b€7.2b16.9x19.2x0.7x
Fri, 17 Apr 2026€139.8b€209.8b€6.6b15.7x21.2x0.7x
Sun, 15 Mar 2026€139.8b€209.6b€7.1b17.2x19.8x0.7x
Tue, 10 Feb 2026€131.1b€220.8b€6.1b17.4x21.4x0.6x
Thu, 08 Jan 2026€123.6b€220.6b€6.1b16.5x20.2x0.6x
Sat, 06 Dec 2025€116.2b€220.7b€6.1b14.3x18.9x0.5x
Mon, 03 Nov 2025€116.7b€226.9b€6.3b13.5x18.4x0.5x
Wed, 01 Oct 2025€114.4b€226.9b€6.3b13.3x18x0.5x
Fri, 29 Aug 2025€115.6b€227.4b€6.2b13.1x18.6x0.5x
Sun, 27 Jul 2025€118.0b€228.6b€9.9b14.5x11.9x0.5x
Tue, 24 Jun 2025€113.8b€228.6b€9.9b13.1x11.5x0.5x
Thu, 22 May 2025€112.7b€228.3b€9.9b13.9x11.4x0.5x
Sat, 19 Apr 2025€113.1b€226.2b€11.7b17.1x9.7x0.5x
Mon, 17 Mar 2025€107.3b€227.3b€8.7b21x12.3x0.5x
Wed, 12 Feb 2025€98.8b€264.6b€3.0b19.5x32.5x0.4x
Fri, 10 Jan 2025€95.8b€264.6b€3.0b18.7x31.5x0.4x
Sun, 08 Dec 2024€99.6b€264.9b€3.0b19.8x33x0.4x
Tue, 05 Nov 2024€103.3b€235.4b€3.9b20.5x26.7x0.4x
Thu, 03 Oct 2024€112.0b€239.6b€4.4b17.6x25.3x0.5x
Sat, 31 Aug 2024€104.9b€236.1b€3.9b17.2x26.6x0.4x
Mon, 29 Jul 2024€105.6b€264.6b€3.8b18.5x28.1x0.4x
Wed, 26 Jun 2024€109.1b€264.6b€3.8b18.4x29x0.4x
Fri, 24 May 2024€111.7b€253.4b€3.8b20.8x29.6x0.4x
Sun, 21 Apr 2024€107.4b€302.5b€10.4b18.2x10.3x0.4x
Tue, 19 Mar 2024€110.2b€315.6b€12.9b16x8.5x0.3x
Thu, 15 Feb 2024€108.2b€351.8b€44.3b16.1x2.4x0.3x
Sat, 13 Jan 2024€121.0b€351.8b€44.3b17.1x2.7x0.3x
Mon, 11 Dec 2023€131.2b€351.8b€44.1b15.7x3x0.4x
Wed, 08 Nov 2023€131.5b€372.7b€43.4b16x3x0.4x
Fri, 06 Oct 2023€130.3b€445.9b€15.0b14.6x8.7x0.3x
Sun, 03 Sep 2023€145.4b€445.9b€15.0b13.7x9.7x0.3x
Price to Earnings Ratio

9.7x


Total Market Cap: €145.4bTotal Earnings: €15.0bTotal Revenue: €445.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Utilities Sector Price to Earnings3Y Average 18.1x202420252026
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 18.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have declined 18% per year over the last three years,
  • Revenues have also declined 23% 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 Utilities sector?

DE Market0.86%
Utilities0.40%
Renewable Energy1.15%
Other Utilities0.35%
Gas Utilities0%0
Water Utilities0%0
Electric Utilities-1.33%
Industry PE
  • Investors are most optimistic about the Other Utilities industry even though it's trading below its 3-year average PE ratio of 53.7x.
    • Analysts are expecting annual earnings growth of 5.1%, which is higher than its past year's earnings decline of 30.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 5.1% over the next 5 years.
  • This is better than its past earnings decline of 30% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 5.3% 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
EOAN E.ON€17.893.0%
+€1.3b
14.1%PE13.9x
UN0 Uniper€46.456.3%
+€1.1b
25.0%PE11.5x
RWE RWE€57.500.7%
+€284.2m
64.7%PE12.6x
MNV6 Mainova€376.001.6%
+€45.0m
2.7%PE20.6x
BGZ Smart Grids€0.211.9%
+€11.2k
1,546.2%n/a

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