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German (DAX) Market Analysis & Valuation

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies767
  • 7D0.9%
  • 3M9.5%
  • 1Y7.3%
  • YTD2.5%

The Real Estate sector gained 3.5% while the market remained flat over the last week. As for the longer term, the market has risen 7.3% in the past 12 months. Looking forward, 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
Fri, 20 Feb 2026€2.7t€2.7t€106.9b17.6x25.1x1x
Sun, 18 Jan 2026€2.7t€2.7t€103.7b18.3x25.9x1x
Tue, 16 Dec 2025€2.6t€2.7t€103.7b17.8x25x1x
Thu, 13 Nov 2025€2.6t€2.7t€101.8b17.7x25.3x1x
Sat, 11 Oct 2025€2.6t€2.7t€101.5b18.4x25.3x1x
Mon, 08 Sep 2025€2.6t€2.7t€101.8b18.6x25.1x0.9x
Wed, 06 Aug 2025€2.6t€2.7t€101.8b18.5x25.4x1x
Fri, 04 Jul 2025€2.6t€2.7t€103.8b19x24.7x0.9x
Sun, 01 Jun 2025€2.6t€2.7t€103.4b18.6x25x1x
Tue, 29 Apr 2025€2.5t€2.7t€111.3b18.7x22.2x0.9x
Thu, 27 Mar 2025€2.5t€2.7t€132.1b17.7x19.1x0.9x
Sat, 22 Feb 2025€2.5t€2.7t€112.1b16.7x22.2x0.9x
Mon, 20 Jan 2025€2.4t€2.7t€114.2b16.3x20.6x0.9x
Wed, 18 Dec 2024€2.3t€2.7t€114.2b15.6x20.1x0.8x
Fri, 15 Nov 2024€2.2t€2.7t€110.5b15.2x20.3x0.8x
Sun, 13 Oct 2024€2.3t€2.7t€119.0b16.5x19.2x0.8x
Tue, 10 Sep 2024€2.2t€2.7t€119.5b16.4x18.2x0.8x
Thu, 08 Aug 2024€2.1t€2.7t€113.0b16.9x18.6x0.8x
Sat, 06 Jul 2024€2.2t€2.7t€111.3b18.1x19.8x0.8x
Mon, 03 Jun 2024€2.2t€2.7t€110.9b17.6x20.2x0.8x
Wed, 01 May 2024€2.2t€2.8t€122.2b17.1x18.2x0.8x
Fri, 29 Mar 2024€2.3t€2.8t€119.5b16.6x19.3x0.8x
Sun, 25 Feb 2024€2.2t€2.8t€154.9b15.7x14.2x0.8x
Tue, 23 Jan 2024€2.1t€2.9t€146.5b16.3x14.5x0.7x
Thu, 21 Dec 2023€2.2t€2.9t€147.5b16.3x14.7x0.8x
Sat, 18 Nov 2023€2.1t€2.9t€151.9b16.1x13.8x0.7x
Mon, 16 Oct 2023€2.0t€3.0t€131.5b15.9x15.5x0.7x
Wed, 13 Sep 2023€2.1t€3.0t€131.1b16.2x16.2x0.7x
Fri, 11 Aug 2023€2.2t€3.0t€135.3b16.6x16x0.7x
Sun, 09 Jul 2023€2.1t€3.0t€138.8b16.8x15.3x0.7x
Tue, 06 Jun 2023€2.2t€3.0t€140.2b17.1x15.6x0.7x
Thu, 04 May 2023€2.2t€3.0t€146.5b17.5x15.1x0.7x
Sat, 01 Apr 2023€2.2t€3.0t€149.4b16.4x14.8x0.7x
Mon, 27 Feb 2023€2.1t€2.9t€158.1b15.7x13.5x0.7x
Price to Earnings Ratio

13.5x


Total Market Cap: €2.1tTotal Earnings: €158.1bTotal Revenue: €2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.6x202420252026
Current Market PE
  • Investors are optimistic on the German market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 25.1x which is higher than its 3-year average PE of 19.6x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 12% per year over the last three years.
  • Revenues have also declined 2.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market0.91%
Real Estate3.54%
Energy2.26%
Tech1.97%
Healthcare1.36%
Consumer Discretionary1.24%
Telecom0.81%
Financials0.59%
Industrials0.57%
Utilities0.17%
Materials0.03%
Consumer Staples0.021%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 29.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.0% which is higher than its past year's earnings decline of 8.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 4.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
RHM Rheinmetall€1.74k10.4%
+€7.5b		96.0%PE92.8xIndustrials
IFX Infineon Technologies€45.847.2%
+€4.0b		18.6%PE59.5xTech
HEI Heidelberg Materials€205.508.2%
+€2.8b		49.7%PE19.5xMaterials
ALV Allianz€373.401.7%
+€2.4b		16.9%PE13.6xFinancials
ENR Siemens Energy€164.201.7%
+€2.4b		174.3%PE74.2xIndustrials
See more

Market Insights

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