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German (DAX) Market Analysis & Valuation

UpdatedFeb 06, 2023
DataAggregated Company Financials
Companies756
  • 7D2.7%
  • 3M15.7%
  • 1Y-7.1%
  • YTD11.6%

Over the last 7 days, the market has risen 2.7%, driven by gains of 5.5% in the Consumer Discretionary sector. Longer term the market is actually down 7.1% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Feb 2023€2.2t€2.6t€172.1b16.1x12.6x0.8x
Wed, 04 Jan 2023€2.0t€2.6t€173.5b15.7x11.3x0.8x
Fri, 02 Dec 2022€2.0t€2.6t€172.5b16.1x11.6x0.8x
Sun, 30 Oct 2022€1.9t€2.5t€170.8b14.8x10.9x0.7x
Tue, 27 Sep 2022€1.7t€2.5t€164.0b14.3x10.1x0.7x
Thu, 25 Aug 2022€1.9t€2.5t€163.9b15.9x11.3x0.7x
Sat, 23 Jul 2022€1.9t€2.6t€159.6b16.4x11.7x0.7x
Mon, 20 Jun 2022€1.9t€2.6t€159.5b16.4x11.6x0.7x
Wed, 18 May 2022€2.0t€2.6t€160.1b17.7x12.7x0.8x
Fri, 15 Apr 2022€2.1t€2.5t€143.6b18.9x14.6x0.8x
Sun, 13 Mar 2022€2.0t€2.5t€147.3b18.8x13.9x0.8x
Tue, 08 Feb 2022€2.3t€2.4t€144.0b19.9x15.8x1x
Thu, 06 Jan 2022€2.4t€2.3t€141.2b21.1x17.2x1x
Sat, 04 Dec 2021€2.3t€2.3t€141.1b20.9x16.2x1x
Mon, 01 Nov 2021€2.4t€2.3t€118.9b22.3x20x1x
Wed, 29 Sep 2021€2.4t€2.3t€114.2b23x20.7x1x
Fri, 27 Aug 2021€2.4t€2.2t€115.3b22.3x20.6x1.1x
Sat, 03 Jul 2021€2.3t€2.2t€115.3b21.6x20x1x
Tue, 06 Apr 2021€2.2t€2.2t€65.0b23.1x34.4x1x
Fri, 08 Jan 2021€2.0t€2.1t€43.1b22.9x46.6x1x
Thu, 01 Oct 2020€1.8t€2.1t€21.6b21.1x85.6x0.9x
Sun, 05 Jul 2020€1.8t€2.0t€43.9b19.9x40.1x0.9x
Wed, 08 Apr 2020€1.5t€2.2t€74.7b15.3x19.6x0.7x
Price to Earnings Ratio

19x


Total Market Cap: €1.7tTotal Earnings: €91.8bTotal Revenue: €2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 28.1x202120222023
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 12.6x which is lower than its 3-year average PE of 28.1x.
Past Earnings Growth
  • The earnings for German listed companies have grown 23% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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 Market2.68%
Tech6.02%
Consumer Discretionary5.46%
Healthcare2.99%
Materials2.73%
Industrials2.50%
Real Estate2.21%
Consumer Staples1.66%
Telecom0.30%
Financials-1.63%
Utilities-1.89%
Energy-5.57%
Sector PE
  • Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 31.2x.
    • This optimism is likely because analysts are expecting annual earnings growth of 23.9%, which is higher than its past year's earnings growth of 13.2% per year.
  • Investors are most pessimistic about the Consumer Discretionary sector, which is trading below its 3-year average of 20.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 12% 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
SAP SAP€112.287.1%
+€8.7b
2.8%PE57.1xTech
SHL Siemens Healthineers€54.0410.6%
+€5.8b
-5.3%PE29.7xHealthcare
IFX Infineon Technologies€36.6510.5%
+€4.5b
10.0%PE22.1xTech
DPW Deutsche Post€42.797.0%
+€3.4b
-18.0%PE9.3xIndustrials
MBG Mercedes-Benz Group€72.004.5%
+€3.3b
6.1%PE6xConsumer Discretionary
See more
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SOW

€20.80

Software

7D

-20.7%

1Y

-37.9%

IFX

€36.65

Infineon Technologies

7D

10.5%

1Y

10.0%

MBG

€72.00

Mercedes-Benz Group

7D

4.5%

1Y

6.1%

DBK

€11.53

Deutsche Bank

7D

-6.6%

1Y

-15.1%

SAP

€112.28

SAP

7D

7.1%

1Y

2.8%

HNR1

€179.90

Hannover Rück

7D

-4.2%

1Y

8.9%

RWE

€40.48

RWE

7D

-1.7%

1Y

9.8%