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German (DAX) Market Analysis & Valuation

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies774
  • 7D0.4%
  • 3M-2.3%
  • 1Y-2.6%
  • YTD-3.9%

In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 7.3%. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 16% 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, 18 Mar 2026€2.5t€2.6t€100.0b17.9x25.3x1x
Fri, 13 Feb 2026€2.7t€2.7t€106.7b17.2x25x1x
Sun, 11 Jan 2026€2.7t€2.7t€103.6b18.5x26x1x
Tue, 09 Dec 2025€2.6t€2.7t€102.1b17.9x25.2x1x
Thu, 06 Nov 2025€2.5t€2.7t€97.1b17.8x26.2x0.9x
Sat, 04 Oct 2025€2.6t€2.7t€101.7b18.2x25.5x1x
Mon, 01 Sep 2025€2.6t€2.7t€101.6b18.7x25.5x1x
Wed, 30 Jul 2025€2.6t€2.7t€105.8b19x24.6x1x
Fri, 27 Jun 2025€2.5t€2.7t€103.7b18.9x24.3x0.9x
Sun, 25 May 2025€2.6t€2.8t€82.4b18.9x31.1x0.9x
Tue, 22 Apr 2025€2.4t€2.7t€107.8b17.6x22x0.9x
Thu, 20 Mar 2025€2.6t€2.7t€126.2b17.6x20.5x1x
Sat, 15 Feb 2025€2.5t€2.7t€111.9b17x22.4x0.9x
Mon, 13 Jan 2025€2.3t€2.7t€112.2b16.4x20.4x0.9x
Wed, 11 Dec 2024€2.3t€2.7t€114.2b16x20.4x0.9x
Fri, 08 Nov 2024€2.3t€2.7t€112.9b15.3x20x0.8x
Sun, 06 Oct 2024€2.3t€2.7t€119.9b16.4x19x0.8x
Tue, 03 Sep 2024€2.2t€2.7t€119.4b16.9x18.7x0.8x
Thu, 01 Aug 2024€2.2t€2.7t€109.5b17.4x20.1x0.8x
Sat, 29 Jun 2024€2.2t€2.7t€110.8b17.4x19.8x0.8x
Mon, 27 May 2024€2.0t€2.2t€82.6b17.8x24.4x0.9x
Wed, 24 Apr 2024€2.3t€2.8t€118.5b17.1x19x0.8x
Fri, 22 Mar 2024€2.3t€2.8t€120.9b16.4x18.7x0.8x
Sun, 18 Feb 2024€2.2t€2.9t€151.2b16x14.4x0.8x
Tue, 16 Jan 2024€2.1t€2.9t€146.5b16.2x14.5x0.7x
Thu, 14 Dec 2023€2.1t€2.9t€147.6b16.2x14.6x0.8x
Sat, 11 Nov 2023€2.0t€2.9t€149.7b15.6x13.4x0.7x
Mon, 09 Oct 2023€2.1t€3.0t€131.4b15.8x15.6x0.7x
Wed, 06 Sep 2023€2.1t€3.0t€130.3b16.1x16.4x0.7x
Fri, 04 Aug 2023€2.2t€3.0t€147.8b16.3x14.7x0.7x
Sun, 02 Jul 2023€2.2t€3.0t€138.8b17.4x15.8x0.7x
Tue, 30 May 2023€2.2t€3.0t€140.6b17.1x15.5x0.7x
Thu, 27 Apr 2023€2.2t€3.0t€147.0b17.2x15.1x0.7x
Sat, 25 Mar 2023€2.1t€3.0t€149.6b16x14.1x0.7x
Price to Earnings Ratio

14.1x


Total Market Cap: €2.1tTotal Earnings: €149.6bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.9x202420252026
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 25.3x which is higher than its 3-year average PE of 19.9x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 13% per year over the last three years.
  • Revenues have also declined 4.0% 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 Market0.38%
Utilities7.35%
Energy5.20%
Telecom1.58%
Financials1.34%
Materials1.31%
Consumer Discretionary1.29%
Healthcare-0.49%
Industrials-0.67%
Tech-1.66%
Consumer Staples-2.96%
Real Estate-3.97%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 55.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.7% which is higher than its past year's earnings decline of 1.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 2.7% 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
UN0 Uniper€46.1034.6%
+€4.9b		-0.7%PE13.7xUtilities
HLAG Hapag-Lloyd€154.2015.9%
+€3.7b		4.9%PE17.6xIndustrials
RWE RWE€58.588.0%
+€3.1b		76.2%PE13.3xUtilities
EOAN E.ON€20.306.2%
+€3.1b		55.0%PE30.6xUtilities
HNR1 Hannover Rück€273.8010.2%
+€3.1b		-0.4%PE12.5xFinancials
See more

Market Insights

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Latest News

HLAG
€154.20
Hapag-Lloyd
7D
15.9%
1Y
4.9%
ENR
€149.85
Siemens Energy
7D
-5.0%
1Y
146.3%

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RWE
€58.64
RWE
7D
8.2%
1Y
76.4%
UN0
€46.10
Uniper
7D
34.6%
1Y
-0.7%
BMW
€79.36
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7D
-1.3%
1Y
-6.3%
DBK
€25.87
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7D
-5.8%
1Y
13.1%
HNR1
€273.80
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7D
10.2%
1Y
-0.4%
EOAN
€20.30
E.ON
7D
6.2%
1Y
55.0%

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SIE
€219.15
Siemens
7D
-5.6%
1Y
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SHL
€38.46
Siemens Healthineers
7D
-3.8%
1Y
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DHL
€44.66
Deutsche Post
7D
-4.5%
1Y
4.3%

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MUV2
€553.40
Münchener Rückversicherungs-Gesellschaft in München
7D
4.5%
1Y
-5.1%

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ALV
€362.10
Allianz
7D
2.2%
1Y
1.1%

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Analysts have inched their average price targets on Allianz higher, with recent moves such as Morgan Stanley lifting its view to €390 and RBC Capital setting €400. These changes reflect updated assumptions on fair value, revenue growth and future P/E multiples.
IFX
€39.64
Infineon Technologies
7D
-4.1%
1Y
12.1%

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SAP
€166.24
SAP
7D
-2.0%
1Y
-32.6%

SAP: Cloud Conversion And AI Execution Will Drive Future Upside

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DTE
€33.45
Deutsche Telekom
7D
1.9%
1Y
-1.0%