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German (DAX) Market Analysis & Valuation

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies777
  • 7D0.6%
  • 3M3.8%
  • 1Y3.6%
  • YTD3.1%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 3.9% in that time. As for the longer term, the market has risen 3.6% in the past 12 months. Earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026€2.7t€2.7t€127.8b16.9x21.1x1x
Sat, 11 Jul 2026€2.6t€2.6t€126.6b16.9x20.6x1x
Mon, 08 Jun 2026€2.6t€2.6t€127.2b17.1x20.6x1x
Wed, 06 May 2026€2.6t€2.6t€125.7b18x20.7x1x
Fri, 03 Apr 2026€2.5t€2.6t€125.1b17.5x20x0.9x
Sun, 01 Mar 2026€2.7t€2.7t€105.0b18.1x25.8x1x
Tue, 27 Jan 2026€2.7t€2.7t€104.1b18.3x25.6x1x
Thu, 25 Dec 2025€2.6t€2.7t€103.6b17.9x25.1x1x
Sat, 22 Nov 2025€2.5t€2.7t€104.7b17.5x23.5x0.9x
Mon, 20 Oct 2025€2.5t€2.7t€101.5b18.1x25x0.9x
Wed, 17 Sep 2025€2.5t€2.7t€101.9b18.6x24.5x0.9x
Fri, 15 Aug 2025€2.6t€2.7t€101.6b19.1x26x1x
Sun, 13 Jul 2025€2.6t€2.7t€103.8b19x25x1x
Tue, 10 Jun 2025€2.6t€2.7t€103.6b19.2x25.1x1x
Thu, 08 May 2025€2.5t€2.7t€107.7b18.8x23.5x0.9x
Sat, 05 Apr 2025€2.3t€2.7t€108.0b17.3x21.3x0.9x
Mon, 03 Mar 2025€2.5t€2.7t€125.5b16.6x20x0.9x
Wed, 29 Jan 2025€2.4t€2.7t€114.2b16.6x20.9x0.9x
Fri, 27 Dec 2024€2.3t€2.7t€114.2b15.5x19.8x0.8x
Sun, 24 Nov 2024€2.2t€2.7t€112.8b15.7x19.9x0.8x
Tue, 22 Oct 2024€2.3t€2.7t€119.0b16.2x19.3x0.9x
Thu, 19 Sep 2024€2.2t€2.7t€119.6b16.3x18.4x0.8x
Sat, 17 Aug 2024€2.2t€2.7t€118.2b17.4x18.4x0.8x
Mon, 15 Jul 2024€2.2t€2.7t€111.2b17.9x20.1x0.8x
Wed, 12 Jun 2024€2.2t€2.7t€110.8b17.9x20.1x0.8x
Fri, 10 May 2024€2.3t€2.7t€113.9b17.4x19.9x0.8x
Sun, 07 Apr 2024€2.3t€2.8t€119.5b17.2x19.1x0.8x
Tue, 05 Mar 2024€2.2t€2.8t€125.8b15.9x17.6x0.8x
Thu, 01 Feb 2024€2.2t€2.9t€148.3b16.3x14.6x0.8x
Sat, 30 Dec 2023€2.2t€2.9t€147.2b16.7x14.7x0.8x
Mon, 27 Nov 2023€2.1t€2.9t€147.8b16.2x14.2x0.7x
Wed, 25 Oct 2023€2.0t€3.0t€132.1b15.8x15x0.7x
Fri, 22 Sep 2023€2.1t€3.0t€131.2b16x16x0.7x
Sun, 20 Aug 2023€2.1t€3.0t€131.8b16.5x16.1x0.7x
Price to Earnings Ratio

16.1x


Total Market Cap: €2.1tTotal Earnings: €131.8bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 20.6x202420252026
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 20.6x.
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 Market0.60%
Tech3.89%
Energy2.28%
Telecom2.26%
Utilities2.23%
Financials0.43%
Industrials0.16%
Real Estate-0.51%
Consumer Discretionary-0.81%
Materials-0.83%
Consumer Staples-0.92%
Healthcare-1.33%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 62.3x.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 16.8% 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 40% over the next 5 years.
  • However this is lower than its past earnings growth rate of 135% 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
ENR Siemens Energy€161.707.2%
+€9.3b		64.2%PE51.4xIndustrials
SAP SAP€175.964.0%
+€7.7b		-26.4%PE26.1xTech
IFX Infineon Technologies€63.095.0%
+€3.9b		72.3%PE68.1xTech
DTE Deutsche Telekom€28.152.7%
+€3.5b		-7.3%PE15.6xTelecom
UN0 Uniper€47.4511.3%
+€2.0b		26.0%PE11.7xUtilities
See more

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