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German (DAX) Market Analysis & Valuation

UpdatedAug 22, 2025
DataAggregated Company Financials
Companies751
  • 7D1.6%
  • 3M-2.3%
  • 1Y18.2%
  • YTD7.2%

Over the last 7 days, the market has risen 1.6%, driven by gains of 9.6% in the Communication Services sector. In the last year, the market has climbed 18%. Earnings are forecast to grow by 16% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 Aug 2025€3.1t€2.7t€100.3b19.2x30.5x1.1x
Sun, 20 Jul 2025€2.6t€2.7t€104.3b18.4x24.8x1x
Tue, 17 Jun 2025€2.5t€2.7t€103.5b19.3x24.6x0.9x
Thu, 15 May 2025€2.6t€2.7t€105.7b19.3x24.3x1x
Sat, 12 Apr 2025€2.3t€2.7t€107.8b16.7x21.1x0.8x
Mon, 10 Mar 2025€2.6t€2.7t€124.9b17.2x20.5x0.9x
Wed, 05 Feb 2025€2.4t€2.7t€113.2b16.6x21.3x0.9x
Fri, 03 Jan 2025€2.3t€2.7t€114.5b15.9x19.9x0.8x
Sun, 01 Dec 2024€2.3t€2.7t€114.2b15.5x19.7x0.8x
Tue, 29 Oct 2024€2.3t€2.7t€118.0b16.3x19.5x0.9x
Thu, 26 Sep 2024€2.2t€2.7t€119.9b16.5x18.6x0.8x
Sat, 24 Aug 2024€2.2t€2.7t€118.4b16.4x18.6x0.8x
Mon, 22 Jul 2024€2.2t€2.7t€111.0b17.8x19.6x0.8x
Wed, 19 Jun 2024€2.2t€2.7t€110.7b17.1x19.7x0.8x
Fri, 17 May 2024€2.3t€2.7t€112.1b17.5x20.3x0.8x
Sun, 14 Apr 2024€2.2t€2.8t€119.7b17.2x18.8x0.8x
Tue, 12 Mar 2024€2.2t€2.8t€126.1b15.6x17.6x0.8x
Thu, 08 Feb 2024€2.2t€2.9t€149.7b16.2x14.4x0.8x
Sat, 06 Jan 2024€2.1t€2.9t€146.5b16.2x14.6x0.7x
Mon, 04 Dec 2023€2.1t€2.9t€147.4b16.1x14.5x0.7x
Wed, 01 Nov 2023€2.0t€3.0t€162.1b15.4x12.1x0.7x
Fri, 29 Sep 2023€2.1t€3.0t€131.1b15.8x15.7x0.7x
Sun, 27 Aug 2023€2.1t€3.0t€131.6b16.2x16.1x0.7x
Tue, 25 Jul 2023€2.2t€3.0t€133.4b16.9x16.3x0.7x
Thu, 22 Jun 2023€2.2t€3.0t€140.3b17.4x15.5x0.7x
Sat, 20 May 2023€2.2t€3.0t€137.4b17.3x16x0.7x
Mon, 17 Apr 2023€2.2t€3.0t€147.7b16.9x15.1x0.7x
Wed, 15 Mar 2023€2.1t€2.9t€153.7b15.8x13.9x0.7x
Fri, 10 Feb 2023€2.2t€2.6t€171.9b16.2x12.6x0.8x
Sun, 08 Jan 2023€2.0t€2.6t€172.9b16.1x11.7x0.8x
Tue, 06 Dec 2022€2.0t€2.6t€172.2b16x11.6x0.8x
Thu, 03 Nov 2022€1.9t€2.5t€170.8b15x10.9x0.7x
Sat, 01 Oct 2022€1.7t€2.5t€168.4b14.2x10.2x0.7x
Mon, 29 Aug 2022€1.8t€2.5t€163.4b15.5x11.1x0.7x
Price to Earnings Ratio

11.1x


Total Market Cap: €1.8tTotal Earnings: €163.4bTotal Revenue: €2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 17.4x202320242025
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 30.5x which is higher than its 3-year average PE of 17.4x.
Past Earnings Growth
  • The earnings for German listed companies have declined 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market1.61%
Telecom9.59%
Healthcare1.61%
Consumer Discretionary1.55%
Consumer Staples1.26%
Materials0.72%
Financials0.24%
Utilities-0.62%
Industrials-1.43%
Real Estate-1.66%
Tech-2.66%
Energy-3.23%
Sector PE
  • Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.7%, which is higher than its past year's earnings growth of 0.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 38% over the next 5 years.
  • However this is lower than its past earnings growth rate of 70% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow 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 Price7D1YValuationSector
DTE Deutsche Telekom€31.613.1%
+€4.6b
26.0%PE12.2xTelecom
BAYN Bayer€28.135.6%
+€1.5b
1.5%PS0.6xHealthcare
BAS BASF€47.483.5%
+€1.4b
6.8%PE109.2xMaterials
SHL Siemens Healthineers€47.792.2%
+€1.1b
-7.0%PE24.5xHealthcare
MBG Mercedes-Benz Group€54.192.0%
+€1.0b
-12.0%PE7.7xConsumer Discretionary
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