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German (DAX) Market Analysis & Valuation

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies749
  • 7D0.5%
  • 3M6.3%
  • 1Y-16.6%
  • YTD-17.8%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 5.2%. As for last year, the market is down 17%. Looking forward, earnings are forecast to grow by 9.5% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022€2.0t€2.6t€172.5b15.7x11.6x0.8x
Thu, 27 Oct 2022€1.9t€2.5t€168.9b14.6x11.1x0.7x
Sat, 24 Sep 2022€1.6t€2.5t€163.5b14.3x10.1x0.7x
Mon, 22 Aug 2022€1.9t€2.5t€164.1b16.3x11.6x0.8x
Wed, 20 Jul 2022€1.8t€2.6t€159.6b16x11.4x0.7x
Fri, 17 Jun 2022€1.8t€2.6t€159.4b16.5x11.6x0.7x
Sun, 15 May 2022€2.0t€2.6t€159.9b17.3x12.6x0.8x
Tue, 12 Apr 2022€2.1t€2.5t€143.6b18.8x14.6x0.8x
Thu, 10 Mar 2022€2.1t€2.5t€142.8b18.3x14.5x0.8x
Sat, 05 Feb 2022€2.3t€2.4t€144.4b20.4x15.7x1x
Mon, 03 Jan 2022€2.4t€2.3t€141.2b20.9x16.9x1x
Wed, 01 Dec 2021€2.3t€2.3t€140.5b20.6x16.2x1x
Fri, 29 Oct 2021€2.4t€2.3t€118.0b22.5x20.3x1.1x
Sun, 26 Sep 2021€2.3t€2.2t€112.3b23.2x20.8x1x
Tue, 24 Aug 2021€2.4t€2.2t€115.3b22.1x20.7x1.1x
Wed, 30 Jun 2021€2.3t€2.2t€115.3b21.6x20x1x
Sat, 03 Apr 2021€2.2t€2.2t€65.0b23.1x34.4x1x
Tue, 05 Jan 2021€2.0t€2.1t€43.1b22.9x46.6x1x
Fri, 09 Oct 2020€1.8t€2.1t€21.6b21.1x85.6x0.9x
Thu, 02 Jul 2020€1.8t€2.0t€43.9b19.9x40.1x0.9x
Sun, 05 Apr 2020€1.5t€2.2t€74.7b15.3x19.6x0.7x
Wed, 08 Jan 2020€1.9t€2.2t€91.1b18.2x21.2x0.9x
Price to Earnings Ratio

21.1x


Total Market Cap: €1.9tTotal Earnings: €90.7bTotal Revenue: €2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 28.6x202020212022
Current Market PE
  • Investors are pessimistic on the German market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 11.6x which is lower than its 3-year average PE of 28.6x.
Past Earnings Growth
  • The earnings for German listed companies have grown 24% per year over the last three years.
  • Revenues for these companies have grown 6.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market0.51%
Telecom2.13%
Consumer Staples2.00%
Industrials1.42%
Financials1.20%
Healthcare0.66%
Tech0.47%
Materials0.31%
Utilities0.14%
Real Estate-0.54%
Consumer Discretionary-1.19%
Energy-5.18%
Sector PE
  • Investors are most optimistic about the Consumer Staples sector, which is trading close to its 3-year average PE ratio of 29.4x.
    • Analysts are expecting annual earnings growth of 11.9%, which is lower than the prior year's growth of 17.0% per year.
  • Investors are most pessimistic about the Consumer Discretionary sector, which is trading below its 3-year average of 20.9x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 8.8% 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
SIE Siemens€131.541.9%
+€1.9b
-9.0%PE27.7xIndustrials
BAYN Bayer€55.752.5%
+€1.3b
23.0%PE11.7xHealthcare
HLAG Hapag-Lloyd€197.403.9%
+€1.3b
-10.1%PE2xIndustrials
RWE RWE€42.363.3%
+€926.4m
21.0%PE1909.8xUtilities
FRE Fresenius SE KGaA€25.846.1%
+€839.2m
-23.5%PE9xHealthcare
See more
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SHL

€50.92

Siemens Healthineers

7D

-2.6%

1Y

-21.0%

ADS

€121.26

adidas

7D

-2.4%

1Y

-52.3%

BNR

€61.82

Brenntag

7D

-5.8%

1Y

-19.0%

ENR

€15.70

Siemens Energy

7D

6.6%

1Y

-34.8%

BAYN

€55.75

Bayer

7D

2.5%

1Y

23.0%

VBK

€73.25

VERBIO Vereinigte BioEnergie

7D

-9.5%

1Y

11.9%

DTG

€30.78

Daimler Truck Holding

7D

2.3%

1Y

n/a

RWE

€42.36

RWE

7D

3.3%

1Y

21.0%

HLAG

€197.40

Hapag-Lloyd

7D

3.9%

1Y

-10.1%

UN01

€5.50

Uniper

7D

-19.7%

1Y

-85.8%

SIE

€131.54

Siemens

7D

1.9%

1Y

-9.0%