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German (DAX) Market Analysis & Valuation

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies774
  • 7D-0.6%
  • 3M0.4%
  • 1Y2.7%
  • YTD2.8%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 3.5%. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the German Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026€2.7t€2.6t€131.3b16.8x20.5x1x
Tue, 21 Jul 2026€2.6t€2.6t€126.9b17.1x20.4x1x
Thu, 18 Jun 2026€2.6t€2.6t€126.9b17.1x20.6x1x
Sat, 16 May 2026€2.6t€2.6t€125.2b17.3x20.4x1x
Mon, 13 Apr 2026€2.6t€2.6t€125.7b17.8x20.5x1x
Wed, 11 Mar 2026€2.6t€2.7t€99.0b17.9x26x1x
Fri, 06 Feb 2026€2.6t€2.7t€105.6b17.4x25x1x
Sun, 04 Jan 2026€2.6t€2.7t€103.5b18.3x25.4x1x
Tue, 02 Dec 2025€2.5t€2.7t€102.2b18x24.8x0.9x
Thu, 30 Oct 2025€2.6t€2.7t€101.0b18.2x25.5x1x
Sat, 27 Sep 2025€2.5t€2.7t€101.7b18.6x24.8x0.9x
Mon, 25 Aug 2025€2.6t€2.7t€100.3b19.3x26.3x1x
Wed, 23 Jul 2025€2.6t€2.7t€104.3b18.8x24.7x1x
Fri, 20 Jun 2025€2.5t€2.7t€103.4b18.8x24x0.9x
Sun, 18 May 2025€2.6t€2.7t€103.6b19.4x24.9x1x
Tue, 15 Apr 2025€2.3t€2.7t€107.8b17.4x21.7x0.9x
Thu, 13 Mar 2025€2.5t€2.7t€125.8b16.8x20x0.9x
Sat, 08 Feb 2025€2.4t€2.7t€113.3b16.7x21.5x0.9x
Mon, 06 Jan 2025€2.3t€2.7t€114.5b16.1x19.8x0.8x
Wed, 04 Dec 2024€2.3t€2.7t€114.2b15.7x20x0.8x
Fri, 01 Nov 2024€2.3t€2.7t€115.9b15.5x19.5x0.8x
Sun, 29 Sep 2024€2.3t€2.7t€119.8b16.7x19.2x0.9x
Tue, 27 Aug 2024€2.2t€2.7t€118.4b16.6x18.6x0.8x
Thu, 25 Jul 2024€2.2t€2.7t€111.1b17.6x19.7x0.8x
Sat, 22 Jun 2024€2.2t€2.7t€110.6b17.2x19.7x0.8x
Mon, 20 May 2024€2.3t€2.7t€110.1b17.5x20.6x0.8x
Wed, 17 Apr 2024€2.3t€2.8t€119.1b17.1x18.9x0.8x
Fri, 15 Mar 2024€2.2t€2.8t€122.1b16x18.3x0.8x
Sun, 11 Feb 2024€2.1t€2.9t€152.2b16.1x14.1x0.8x
Tue, 09 Jan 2024€2.1t€2.9t€146.5b16.2x14.7x0.8x
Thu, 07 Dec 2023€2.2t€2.9t€147.5b16.1x14.6x0.8x
Sat, 04 Nov 2023€2.0t€2.9t€161.0b15.8x12.6x0.7x
Mon, 02 Oct 2023€2.1t€3.0t€131.0b16x15.8x0.7x
Wed, 30 Aug 2023€2.2t€3.0t€131.8b16.1x16.4x0.7x
Price to Earnings Ratio

16.4x


Total Market Cap: €2.2tTotal Earnings: €131.8bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 20.7x202420252026
Current Market PE
  • Investors are relatively neutral on the German market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.7x.
Past Earnings Growth
  • The earnings for German listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 4.0% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market-0.58%
Energy3.48%
Healthcare0.93%
Telecom0.58%
Materials0.51%
Consumer Staples0.40%
Tech0.30%
Financials-0.30%
Consumer Discretionary-0.48%
Real Estate-0.69%
Utilities-1.32%
Industrials-2.06%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 48.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings growth of 17.1% per year.
  • The Real Estate sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 166% per year.
  • In contrast, the Real Estate 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?

CompanyLast Price7D1YValuationSector
SAP SAP€188.124.4%
+€9.2b		-19.1%PE27.9xTech
DB1 Deutsche Börse€282.903.7%
+€1.8b		10.1%PE24.1xFinancials
DTE Deutsche Telekom€28.940.9%
+€1.3b		-7.9%PE16.1xTelecom
SHL Siemens Healthineers€40.202.3%
+€990.6m		-16.2%PE20.2xHealthcare
DHL Deutsche Post€55.981.3%
+€797.3m		39.3%PE16.7xIndustrials
See more

Market Insights

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