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German (DAX) Market Analysis & Valuation

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies756
  • 7D-1.0%
  • 3M-4.7%
  • 1Y12.0%
  • YTD9.2%

The Healthcare sector gained 3.7% while the market remained flat over the last week. As for the longer term, the market has risen 13% 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
Tue, 18 Nov 2025€2.5t€2.7t€103.8b17.7x24.5x0.9x
Thu, 16 Oct 2025€2.6t€2.7t€101.5b18.6x25.3x0.9x
Sat, 13 Sep 2025€2.5t€2.7t€101.7b18.3x24.9x0.9x
Mon, 11 Aug 2025€2.6t€2.7t€104.0b18.8x25.2x1x
Wed, 09 Jul 2025€2.6t€2.7t€104.0b19x24.9x1x
Fri, 06 Jun 2025€2.6t€2.7t€103.6b19.2x25.2x1x
Sun, 04 May 2025€2.5t€2.7t€109.8b18.5x23.1x0.9x
Tue, 01 Apr 2025€2.5t€2.7t€108.4b17.4x22.6x0.9x
Thu, 27 Feb 2025€2.5t€2.7t€114.7b17x22.1x0.9x
Sat, 25 Jan 2025€2.4t€2.7t€114.2b16.7x21x0.9x
Mon, 23 Dec 2024€2.3t€2.7t€114.3b15.4x19.8x0.8x
Wed, 20 Nov 2024€2.2t€2.7t€112.2b15.5x19.8x0.8x
Fri, 18 Oct 2024€2.3t€2.7t€119.0b16.2x19.4x0.9x
Sun, 15 Sep 2024€2.2t€2.7t€119.6b16.2x18.4x0.8x
Tue, 13 Aug 2024€2.1t€2.7t€119.3b17.1x17.7x0.8x
Thu, 11 Jul 2024€2.2t€2.7t€111.4b18x19.8x0.8x
Sat, 08 Jun 2024€2.2t€2.7t€110.9b18.4x20.2x0.8x
Mon, 06 May 2024€2.2t€2.8t€120.2b17.3x18.5x0.8x
Wed, 03 Apr 2024€2.3t€2.8t€119.3b16.9x19.1x0.8x
Fri, 01 Mar 2024€2.2t€2.8t€152.8b15.8x14.5x0.8x
Sun, 28 Jan 2024€2.2t€2.9t€148.3b16.5x14.6x0.8x
Tue, 26 Dec 2023€2.2t€2.9t€147.3b16.3x14.6x0.8x
Thu, 23 Nov 2023€2.1t€2.9t€150.5b16.1x13.9x0.7x
Sat, 21 Oct 2023€2.0t€3.0t€132.1b15.6x15x0.7x
Mon, 18 Sep 2023€2.1t€3.0t€131.3b16.2x16.3x0.7x
Wed, 16 Aug 2023€2.1t€3.0t€134.2b16.4x16x0.7x
Fri, 14 Jul 2023€2.2t€3.0t€138.9b16.7x15.8x0.7x
Sun, 11 Jun 2023€2.2t€3.0t€140.2b17.2x15.6x0.7x
Tue, 09 May 2023€2.2t€3.0t€144.4b17.6x15.2x0.7x
Thu, 06 Apr 2023€2.2t€3.0t€149.3b16.2x14.7x0.7x
Sat, 04 Mar 2023€2.2t€2.9t€156.9b15.6x13.9x0.8x
Mon, 30 Jan 2023€2.1t€2.6t€173.1b16.2x12.2x0.8x
Wed, 28 Dec 2022€1.9t€2.6t€173.5b15.5x11.1x0.7x
Fri, 25 Nov 2022€2.0t€2.6t€171.8b15.9x11.6x0.8x
Price to Earnings Ratio

11.6x


Total Market Cap: €2.0tTotal Earnings: €171.8bTotal Revenue: €2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 18.5x202320242025
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 24.5x which is higher than its 3-year average PE of 18.4x.
Past Earnings Growth
  • The earnings for German listed companies have declined 15% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market-1.01%
Real Estate2.11%
Healthcare1.63%
Materials0.86%
Telecom0.77%
Utilities0.27%
Consumer Discretionary-0.10%
Financials-0.94%
Consumer Staples-2.47%
Industrials-2.59%
Tech-2.82%
Energy-2.97%
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 29.9% which is higher than its past year's earnings decline of 6.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 9.8% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 7.0% 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
ENR Siemens Energy€114.257.3%
+€6.6b		150.3%PE68.8xIndustrials
MRK Merck KGaA€115.755.5%
+€2.6b		-17.3%PE17xHealthcare
DTE Deutsche Telekom€27.242.1%
+€2.6b		-5.3%PE10.8xTelecom
ALV Allianz€362.201.5%
+€2.0b		25.6%PE13.2xFinancials
HEI Heidelberg Materials€211.705.2%
+€1.8b		78.8%PE20.1xMaterials
See more

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Merck KGaA
7D
5.5%
1Y
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ALV
€362.20
Allianz
7D
1.5%
1Y
25.6%
DTE
€27.24
Deutsche Telekom
7D
2.1%
1Y
-5.3%
IFX
€34.38
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7D
3.1%
1Y
15.6%

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BAYN
€27.95
Bayer
7D
5.5%
1Y
38.2%
RHM
€1,723.00
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7D
-3.6%
1Y
195.8%

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HAG
€82.95
Hensoldt
7D
-12.7%
1Y
136.5%

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EOAN
€15.29
E.ON
7D
-4.5%
1Y
32.2%

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RWE
€45.61
RWE
7D
4.9%
1Y
42.9%
HEI
€211.70
Heidelberg Materials
7D
5.2%
1Y
78.8%

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SHL
€41.78
Siemens Healthineers
7D
-3.6%
1Y
-15.3%

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SAP
€207.00
SAP
7D
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1Y
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SIE
€223.00
Siemens
7D
-9.2%
1Y
21.2%
ENR
€114.25
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7D
7.3%
1Y
150.3%

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€30.82
Deutsche Bank
7D
-5.0%
1Y
90.4%

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CBK
€32.69
Commerzbank
7D
-3.6%
1Y
100.6%

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