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German (DAX) Market Analysis & Valuation

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies775
  • 7D-2.1%
  • 3M2.8%
  • 1Y11.4%
  • YTD1.0%

Over the last 7 days, the market has dropped 2.1%, driven by a pullback of 6.7% in the Information Technology sector. In the last year, the market is actually up 11%. Looking forward, earnings are forecast to grow by 17% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026€2.7t€2.7t€103.7b18.1x25.6x1x
Fri, 19 Dec 2025€2.6t€2.7t€103.6b17.9x25x1x
Sun, 16 Nov 2025€2.5t€2.7t€104.8b17.7x24.2x0.9x
Tue, 14 Oct 2025€2.6t€2.7t€101.7b18.5x25.4x1x
Thu, 11 Sep 2025€2.5t€2.7t€101.8b18.2x25x0.9x
Sat, 09 Aug 2025€2.6t€2.7t€103.3b18.8x25.4x1x
Mon, 07 Jul 2025€2.5t€2.7t€103.8b19x24.5x0.9x
Wed, 04 Jun 2025€2.6t€2.7t€103.4b19.2x25.1x1x
Fri, 02 May 2025€2.5t€2.7t€111.3b18.5x22.4x0.9x
Sun, 30 Mar 2025€2.5t€2.7t€108.3b17.9x23x0.9x
Tue, 25 Feb 2025€2.5t€2.7t€112.0b17.1x22.4x0.9x
Thu, 23 Jan 2025€2.4t€2.7t€114.2b16.6x20.7x0.9x
Sat, 21 Dec 2024€2.3t€2.7t€114.1b15.3x19.8x0.8x
Mon, 18 Nov 2024€2.2t€2.7t€112.2b16.1x20x0.8x
Wed, 16 Oct 2024€2.3t€2.7t€119.0b16.4x19.3x0.9x
Fri, 13 Sep 2024€2.2t€2.7t€119.6b16.4x18.2x0.8x
Sun, 11 Aug 2024€2.1t€2.7t€117.1b17.1x18x0.8x
Tue, 09 Jul 2024€2.2t€2.7t€111.3b18.4x19.8x0.8x
Thu, 06 Jun 2024€2.2t€2.7t€110.9b18.1x20.3x0.8x
Sat, 04 May 2024€2.2t€2.8t€120.3b17.2x18.5x0.8x
Mon, 01 Apr 2024€2.3t€2.8t€119.2b17.1x19.3x0.8x
Wed, 28 Feb 2024€2.2t€2.8t€152.7b15.9x14.5x0.8x
Fri, 26 Jan 2024€2.1t€2.9t€148.2b16.5x14.5x0.8x
Sun, 24 Dec 2023€2.2t€2.9t€147.3b16.3x14.6x0.8x
Tue, 21 Nov 2023€2.1t€2.9t€150.5b15.9x13.9x0.7x
Thu, 19 Oct 2023€2.0t€3.0t€131.5b16x15.4x0.7x
Sat, 16 Sep 2023€2.1t€3.0t€131.2b16.4x16.3x0.7x
Mon, 14 Aug 2023€2.2t€3.0t€134.7b16.6x16x0.7x
Wed, 12 Jul 2023€2.1t€3.0t€138.8b16.7x15.5x0.7x
Fri, 09 Jun 2023€2.2t€3.0t€140.2b17.1x15.6x0.7x
Sun, 07 May 2023€2.2t€3.0t€137.6b17.5x16x0.7x
Tue, 04 Apr 2023€2.2t€3.0t€149.3b16.3x14.7x0.7x
Thu, 02 Mar 2023€2.1t€2.9t€158.3b15.6x13.6x0.7x
Sat, 28 Jan 2023€2.1t€2.6t€173.1b16.2x12.2x0.8x
Price to Earnings Ratio

12.2x


Total Market Cap: €2.1tTotal Earnings: €173.1bTotal Revenue: €2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.3x202420252026
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 25.6x which is higher than its 3-year average PE of 19.2x.
Past Earnings Growth
  • The earnings for German listed companies have declined 16% 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-2.12%
Utilities1.70%
Energy1.28%
Consumer Staples-0.029%
Industrials-0.31%
Materials-0.40%
Real Estate-0.94%
Financials-1.12%
Healthcare-2.46%
Telecom-3.37%
Consumer Discretionary-4.51%
Tech-6.65%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 6.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.7% which is higher than its past year's earnings decline of 14.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 7.1% 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
BAYN Bayer€42.9210.2%
+€3.9b		100.2%PS0.9xHealthcare
ENR Siemens Energy€132.701.8%
+€2.0b		156.4%PE80.3xIndustrials
RWE RWE€51.025.7%
+€2.0b		73.5%PE16.9xUtilities
DB1 Deutsche Börse€215.403.1%
+€1.2b		-7.1%PE19.6xFinancials
EOAN E.ON€17.072.3%
+€1.0b		54.4%PE14.9xUtilities
See more

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€42.92
Bayer
7D
10.2%
1Y
100.2%
MUV2
€523.60
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7D
0.8%
1Y
4.4%
ENR
€132.70
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7D
1.8%
1Y
156.4%

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DTE
€26.82
Deutsche Telekom
7D
-4.1%
1Y
-11.6%

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GIB
€75.00
GSW Immobilien
7D
25.0%
1Y
10.3%
EOAN
€17.07
E.ON
7D
2.3%
1Y
54.4%

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DB1
€215.40
Deutsche Börse
7D
3.1%
1Y
-7.1%
SHA0
€10.37
Schaeffler
7D
7.9%
1Y
129.1%
DBK
€32.41
Deutsche Bank
7D
-3.8%
1Y
72.9%
SIE
€253.70
Siemens
7D
-3.1%
1Y
24.3%
IFX
€40.48
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7D
-4.8%
1Y
17.5%

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DHL
€46.16
Deutsche Post
7D
-3.6%
1Y
29.8%

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SHL
€44.52
Siemens Healthineers
7D
-4.7%
1Y
-17.2%

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SAP
€194.00
SAP
7D
-9.1%
1Y
-24.4%

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MBG
€56.85
Mercedes-Benz Group
7D
-5.0%
1Y
1.4%

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RWE
€51.02
RWE
7D
5.7%
1Y
73.5%

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