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.

Trending IndustriesOil and Gas Biotech Software Renewable Energy

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 06 Feb 2023	€2.2t	€2.6t	€172.1b	16.1x	12.6x	0.8x
Wed, 04 Jan 2023	€2.0t	€2.6t	€173.5b	15.7x	11.3x	0.8x
Fri, 02 Dec 2022	€2.0t	€2.6t	€172.5b	16.1x	11.6x	0.8x
Sun, 30 Oct 2022	€1.9t	€2.5t	€170.8b	14.8x	10.9x	0.7x
Tue, 27 Sep 2022	€1.7t	€2.5t	€164.0b	14.3x	10.1x	0.7x
Thu, 25 Aug 2022	€1.9t	€2.5t	€163.9b	15.9x	11.3x	0.7x
Sat, 23 Jul 2022	€1.9t	€2.6t	€159.6b	16.4x	11.7x	0.7x
Mon, 20 Jun 2022	€1.9t	€2.6t	€159.5b	16.4x	11.6x	0.7x
Wed, 18 May 2022	€2.0t	€2.6t	€160.1b	17.7x	12.7x	0.8x
Fri, 15 Apr 2022	€2.1t	€2.5t	€143.6b	18.9x	14.6x	0.8x
Sun, 13 Mar 2022	€2.0t	€2.5t	€147.3b	18.8x	13.9x	0.8x
Tue, 08 Feb 2022	€2.3t	€2.4t	€144.0b	19.9x	15.8x	1x
Thu, 06 Jan 2022	€2.4t	€2.3t	€141.2b	21.1x	17.2x	1x
Sat, 04 Dec 2021	€2.3t	€2.3t	€141.1b	20.9x	16.2x	1x
Mon, 01 Nov 2021	€2.4t	€2.3t	€118.9b	22.3x	20x	1x
Wed, 29 Sep 2021	€2.4t	€2.3t	€114.2b	23x	20.7x	1x
Fri, 27 Aug 2021	€2.4t	€2.2t	€115.3b	22.3x	20.6x	1.1x
Sat, 03 Jul 2021	€2.3t	€2.2t	€115.3b	21.6x	20x	1x
Tue, 06 Apr 2021	€2.2t	€2.2t	€65.0b	23.1x	34.4x	1x
Fri, 08 Jan 2021	€2.0t	€2.1t	€43.1b	22.9x	46.6x	1x
Thu, 01 Oct 2020	€1.8t	€2.1t	€21.6b	21.1x	85.6x	0.9x
Sun, 05 Jul 2020	€1.8t	€2.0t	€43.9b	19.9x	40.1x	0.9x
Wed, 08 Apr 2020	€1.5t	€2.2t	€74.7b	15.3x	19.6x	0.7x

Price to Earnings Ratio

19x

Fri, 06 Mar 2020

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 Market	2.68%
Tech	6.02%
Consumer Discretionary	5.46%
Healthcare	2.99%
Materials	2.73%
Industrials	2.50%
Real Estate	2.21%
Consumer Staples	1.66%
Telecom	0.30%
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?

Company	Last Price	7D	1Y	Valuation	Sector
SAP SAP	€112.28	7.1% +€8.7b	2.8%	PE57.1x	Tech
SHL Siemens Healthineers	€54.04	10.6% +€5.8b	-5.3%	PE29.7x	Healthcare
IFX Infineon Technologies	€36.65	10.5% +€4.5b	10.0%	PE22.1x	Tech
DPW Deutsche Post	€42.79	7.0% +€3.4b	-18.0%	PE9.3x	Industrials
MBG Mercedes-Benz Group	€72.00	4.5% +€3.3b	6.1%	PE6x	Consumer Discretionary