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German (DAX) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies772
  • 7D-0.4%
  • 3M4.3%
  • 1Y9.4%
  • YTD1.1%

The Communication Services sector gained 4.1% while the market remained flat over the last week. As for the longer term, the market has risen 9.4% 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
Wed, 04 Feb 2026€2.7t€2.7t€105.5b18x25.2x1x
Fri, 02 Jan 2026€2.6t€2.7t€103.6b18.2x25.3x1x
Sun, 30 Nov 2025€2.5t€2.7t€104.4b17.8x24.4x0.9x
Tue, 28 Oct 2025€2.6t€2.7t€101.0b18.2x25.6x1x
Thu, 25 Sep 2025€2.5t€2.7t€101.8b18.4x24.8x0.9x
Sat, 23 Aug 2025€2.6t€2.7t€100.3b19.4x26.3x1x
Mon, 21 Jul 2025€2.6t€2.7t€104.3b18.4x24.8x1x
Wed, 18 Jun 2025€2.5t€2.7t€103.5b18.9x24.4x0.9x
Fri, 16 May 2025€2.6t€2.7t€102.3b19.4x25.2x1x
Sun, 13 Apr 2025€2.3t€2.7t€107.8b16.6x21.1x0.8x
Tue, 11 Mar 2025€2.5t€2.7t€125.8b17x20.1x0.9x
Thu, 06 Feb 2025€2.4t€2.7t€113.2b16.7x21.3x0.9x
Sat, 04 Jan 2025€2.3t€2.7t€114.5b16.1x19.8x0.8x
Mon, 02 Dec 2024€2.3t€2.7t€114.2b15.5x19.7x0.8x
Wed, 30 Oct 2024€2.3t€2.7t€118.1b16.1x19.4x0.8x
Fri, 27 Sep 2024€2.3t€2.7t€119.8b16.4x19x0.8x
Sun, 25 Aug 2024€2.2t€2.7t€118.4b16.6x18.6x0.8x
Tue, 23 Jul 2024€2.2t€2.7t€111.0b18.1x19.8x0.8x
Thu, 20 Jun 2024€2.2t€2.7t€110.7b17.1x19.6x0.8x
Sat, 18 May 2024€2.3t€2.7t€109.7b17.5x20.6x0.8x
Mon, 15 Apr 2024€2.2t€2.8t€119.1b17.2x18.9x0.8x
Wed, 13 Mar 2024€2.3t€2.8t€126.2b16x17.8x0.8x
Fri, 09 Feb 2024€2.2t€2.9t€149.2b16.1x14.5x0.8x
Sun, 07 Jan 2024€2.1t€2.9t€146.5b16.2x14.6x0.7x
Tue, 05 Dec 2023€2.1t€2.9t€147.4b16x14.5x0.7x
Thu, 02 Nov 2023€2.0t€3.0t€160.6b15.5x12.2x0.7x
Sat, 30 Sep 2023€2.1t€3.0t€131.0b16x15.8x0.7x
Mon, 28 Aug 2023€2.1t€3.0t€131.8b16.2x16.1x0.7x
Wed, 26 Jul 2023€2.2t€3.0t€138.5b16.8x15.9x0.7x
Fri, 23 Jun 2023€2.2t€3.0t€140.4b17.4x15.4x0.7x
Sun, 21 May 2023€2.2t€3.0t€136.9b17.3x16x0.7x
Tue, 18 Apr 2023€2.2t€3.0t€147.5b17x15.2x0.7x
Thu, 16 Mar 2023€2.1t€2.9t€154.9b15.8x13.4x0.7x
Sat, 11 Feb 2023€2.1t€2.6t€173.5b16x12.3x0.8x
Price to Earnings Ratio

12.3x


Total Market Cap: €2.1tTotal Earnings: €173.5bTotal Revenue: €2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.4x202420252026
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 25.2x which is higher than its 3-year average PE of 19.4x.
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-0.44%
Telecom4.07%
Consumer Staples3.57%
Industrials2.53%
Financials2.28%
Utilities1.78%
Materials0.95%
Energy-0.93%
Real Estate-1.04%
Consumer Discretionary-1.20%
Healthcare-5.63%
Tech-11.04%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 17.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.4% which is higher than its past year's earnings decline of 12.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 56% 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 3.0% 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€154.908.9%
+€10.9b		186.2%PE93.7xIndustrials
DTE Deutsche Telekom€28.836.8%
+€8.7b		-10.9%PE11.3xTelecom
ALV Allianz€382.404.7%
+€6.5b		22.2%PE14xFinancials
SIE Siemens€260.702.9%
+€5.7b		29.2%PE26.8xIndustrials
DTG Daimler Truck Holding€43.818.1%
+€2.5b		6.6%PE15.1xIndustrials
See more

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