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German (DAX) Market Analysis & Valuation

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies772
  • 7D-2.8%
  • 3M-3.1%
  • 1Y3.7%
  • YTD-1.6%

Over the last 7 days, the market has dropped 2.8%, driven by a pullback of 5.8% in the Consumer Discretionary sector. In the last year, the market is actually up 3.7%. 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
Sat, 25 Apr 2026€2.6t€2.6t€126.0b17.8x20.5x1x
Mon, 23 Mar 2026€2.4t€2.6t€100.0b17.2x24.3x0.9x
Wed, 18 Feb 2026€2.7t€2.7t€106.9b17.4x25x1x
Fri, 16 Jan 2026€2.7t€2.7t€103.6b18.3x26x1x
Sun, 14 Dec 2025€2.6t€2.7t€103.7b17.8x25x1x
Tue, 11 Nov 2025€2.5t€2.7t€99.8b17.7x25.4x0.9x
Thu, 09 Oct 2025€2.6t€2.7t€101.6b18.6x25.7x1x
Sat, 06 Sep 2025€2.6t€2.7t€101.8b18.6x25.1x1x
Mon, 04 Aug 2025€2.5t€2.7t€101.8b18.5x25x1x
Wed, 02 Jul 2025€2.6t€2.7t€103.7b19.1x24.6x0.9x
Fri, 30 May 2025€2.6t€2.7t€103.4b18.6x25x1x
Sun, 27 Apr 2025€2.5t€2.7t€111.7b18.1x22.1x0.9x
Tue, 25 Mar 2025€2.5t€2.7t€129.8b18.1x19.5x0.9x
Thu, 20 Feb 2025€2.5t€2.7t€112.2b17.1x22.6x0.9x
Sat, 18 Jan 2025€2.4t€2.7t€114.2b16.3x20.6x0.9x
Mon, 16 Dec 2024€2.3t€2.7t€114.1b16x20.3x0.9x
Wed, 13 Nov 2024€2.2t€2.7t€111.2b15.4x20x0.8x
Fri, 11 Oct 2024€2.3t€2.7t€119.2b16.4x19.1x0.8x
Sun, 08 Sep 2024€2.2t€2.7t€119.6b16.5x18.1x0.8x
Tue, 06 Aug 2024€2.1t€2.7t€110.3b16.6x18.8x0.8x
Thu, 04 Jul 2024€2.2t€2.7t€111.3b17.9x19.7x0.8x
Sat, 01 Jun 2024€2.2t€2.7t€110.9b17.6x20.2x0.8x
Mon, 29 Apr 2024€2.3t€2.8t€120.1b16.7x18.7x0.8x
Wed, 27 Mar 2024€2.3t€2.8t€122.1b16.9x18.7x0.8x
Fri, 23 Feb 2024€2.2t€2.9t€151.2b15.8x14.5x0.8x
Sun, 21 Jan 2024€2.1t€2.9t€146.5b16.1x14.4x0.7x
Tue, 19 Dec 2023€2.2t€2.9t€147.6b16.2x14.7x0.8x
Thu, 16 Nov 2023€2.1t€5.7t€386.7b16.1x5.4x0.4x
Sat, 14 Oct 2023€2.0t€3.0t€131.4b15.8x15.5x0.7x
Mon, 11 Sep 2023€2.1t€3.0t€131.2b16.1x16.2x0.7x
Wed, 09 Aug 2023€2.1t€3.0t€142.1b16.2x15.1x0.7x
Fri, 07 Jul 2023€2.1t€3.0t€138.9b16.8x15.2x0.7x
Sun, 04 Jun 2023€2.2t€3.0t€140.2b17.2x15.7x0.7x
Tue, 02 May 2023€2.2t€3.0t€146.2b17.5x15.3x0.7x
Price to Earnings Ratio

15.3x


Total Market Cap: €2.2tTotal Earnings: €146.2bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 20.1x202420252026
Current Market PE
  • Investors are relatively neutral on the German market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.1x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 4.8% per year over the last three years.
  • Revenues have also declined 4.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market-2.76%
Utilities1.90%
Energy1.84%
Materials-0.66%
Tech-1.62%
Industrials-1.77%
Financials-2.21%
Real Estate-2.87%
Consumer Staples-4.18%
Telecom-5.11%
Consumer Discretionary-5.83%
Healthcare-6.60%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 57.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.4%, which is higher than its past year's earnings growth of 1.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Utilities industry is expected to see its earnings growth to stay flat 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€187.629.0%
+€13.3b		176.2%PE84.8xIndustrials
IFX Infineon Technologies€54.1510.7%
+€6.8b		79.7%PE70.1xTech
RWE RWE€59.947.2%
+€2.9b		77.1%PE13.6xUtilities
BAS BASF€54.322.9%
+€1.4b		20.9%PE33.1xMaterials
DB1 Deutsche Börse€266.702.1%
+€1.0b		-5.7%PE24.3xFinancials
See more

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