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German (DAX) Market Analysis & Valuation

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies766
  • 7D0.9%
  • 3M9.4%
  • 1Y7.3%
  • YTD3.0%

The Communication Services sector gained 4.2% 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. As for the next few years, earnings are expected to grow by 16% 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
Thu, 19 Feb 2026€2.7t€2.7t€106.9b17.9x25.3x1x
Sat, 17 Jan 2026€2.7t€2.7t€103.6b18.3x25.9x1x
Mon, 15 Dec 2025€2.6t€2.7t€103.7b17.9x25x1x
Wed, 12 Nov 2025€2.6t€2.7t€100.0b17.8x25.5x0.9x
Fri, 10 Oct 2025€2.6t€2.7t€101.7b18.5x25.7x1x
Sun, 07 Sep 2025€2.6t€2.7t€101.8b18.6x25.1x1x
Tue, 05 Aug 2025€2.6t€2.7t€101.8b19x25.3x1x
Thu, 03 Jul 2025€2.6t€2.7t€103.9b18.6x24.6x0.9x
Sat, 31 May 2025€2.6t€2.7t€103.4b18.6x25x1x
Mon, 28 Apr 2025€2.5t€2.7t€111.7b18.1x22.1x0.9x
Wed, 26 Mar 2025€2.5t€2.7t€129.9b17.7x19.6x0.9x
Fri, 21 Feb 2025€2.5t€2.7t€112.2b16.9x22.2x0.9x
Sun, 19 Jan 2025€2.4t€2.7t€114.2b16.3x20.6x0.9x
Tue, 17 Dec 2024€2.3t€2.7t€114.2b16x20.2x0.8x
Thu, 14 Nov 2024€2.2t€2.7t€111.1b15.2x20x0.8x
Sat, 12 Oct 2024€2.3t€2.7t€119.0b16.5x19.2x0.8x
Mon, 09 Sep 2024€2.2t€2.7t€119.5b16.5x18.1x0.8x
Wed, 07 Aug 2024€2.1t€2.7t€110.0b16.5x18.9x0.8x
Fri, 05 Jul 2024€2.2t€2.7t€111.3b18x19.8x0.8x
Sun, 02 Jun 2024€2.2t€2.7t€110.9b17.6x20.2x0.8x
Tue, 30 Apr 2024€2.2t€2.8t€120.1b17x18.7x0.8x
Thu, 28 Mar 2024€2.3t€2.8t€122.0b17x18.9x0.8x
Sat, 24 Feb 2024€2.2t€2.9t€151.3b15.6x14.5x0.8x
Mon, 22 Jan 2024€2.1t€2.9t€146.5b16.1x14.4x0.7x
Wed, 20 Dec 2023€2.2t€2.9t€147.6b16.4x14.7x0.8x
Fri, 17 Nov 2023€2.1t€2.9t€152.9b16x13.6x0.7x
Sun, 15 Oct 2023€2.0t€3.0t€131.5b15.9x15.5x0.7x
Tue, 12 Sep 2023€2.1t€3.0t€131.1b16x16.3x0.7x
Thu, 10 Aug 2023€2.1t€3.0t€137.3b16.3x15.6x0.7x
Sat, 08 Jul 2023€2.1t€3.0t€138.8b16.8x15.3x0.7x
Mon, 05 Jun 2023€2.2t€3.0t€140.2b17.3x15.7x0.7x
Wed, 03 May 2023€2.2t€3.0t€146.6b17.4x15x0.7x
Fri, 31 Mar 2023€2.2t€3.0t€150.4b16x14.6x0.7x
Sun, 26 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 25.3x 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 2.3% 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%
Telecom4.20%
Real Estate2.76%
Tech2.68%
Consumer Discretionary1.58%
Consumer Staples0.99%
Financials0.81%
Utilities0.23%
Healthcare0.23%
Industrials0.09%
Energy-0.81%
Materials-3.35%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 28.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.1% 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€206.909.0%
+€3.0b		50.7%PE19.6xMaterials
ALV Allianz€374.402.0%
+€2.8b		17.2%PE13.7xFinancials
ENR Siemens Energy€163.851.5%
+€2.1b		173.7%PE74xIndustrials
See more

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