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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%

Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 7.3% in that time. As for the longer term, 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
Tue, 17 Mar 2026€2.5t€2.6t€100.0b17.9x25.3x1x
Thu, 12 Feb 2026€2.7t€2.7t€106.2b17.3x25.1x1x
Sat, 10 Jan 2026€2.7t€2.7t€103.6b18.2x26x1x
Mon, 08 Dec 2025€2.6t€2.7t€102.1b18.1x25.2x1x
Wed, 05 Nov 2025€2.5t€2.7t€97.7b17.8x26x0.9x
Fri, 03 Oct 2025€2.6t€2.7t€101.6b18.4x25.5x1x
Sun, 31 Aug 2025€2.6t€2.7t€101.6b18.7x25.5x1x
Tue, 29 Jul 2025€2.6t€2.7t€106.2b18.7x24.3x1x
Thu, 26 Jun 2025€2.5t€2.7t€103.7b18.7x24.3x0.9x
Sat, 24 May 2025€2.6t€2.8t€82.5b18.9x31x0.9x
Mon, 21 Apr 2025€2.4t€2.7t€107.8b17.6x22x0.9x
Wed, 19 Mar 2025€2.6t€2.7t€124.0b17.9x20.9x1x
Fri, 14 Feb 2025€2.5t€2.7t€113.4b16.9x22.2x0.9x
Sun, 12 Jan 2025€2.3t€2.7t€114.5b16.7x20x0.8x
Tue, 10 Dec 2024€2.3t€2.7t€114.2b16x20.4x0.9x
Thu, 07 Nov 2024€2.2t€2.7t€115.5b15.4x19.3x0.8x
Sat, 05 Oct 2024€2.3t€2.7t€119.9b16.4x19x0.8x
Mon, 02 Sep 2024€2.2t€2.7t€119.4b16.9x18.7x0.8x
Wed, 31 Jul 2024€2.2t€2.7t€109.6b17.9x20x0.8x
Fri, 28 Jun 2024€2.2t€2.7t€110.8b17.3x19.8x0.8x
Sun, 26 May 2024€2.3t€2.7t€110.9b17.4x20.3x0.8x
Tue, 23 Apr 2024€2.2t€2.8t€119.5b17.2x18.5x0.8x
Thu, 21 Mar 2024€2.2t€2.8t€120.8b16.4x18.6x0.8x
Sat, 17 Feb 2024€2.2t€2.9t€151.4b16x14.3x0.8x
Mon, 15 Jan 2024€2.1t€2.9t€146.5b16.7x14.6x0.7x
Wed, 13 Dec 2023€2.2t€2.9t€147.6b16.1x14.6x0.8x
Fri, 10 Nov 2023€2.0t€2.9t€154.7b15.7x13.1x0.7x
Sun, 08 Oct 2023€2.1t€3.0t€131.4b15.8x15.6x0.7x
Tue, 05 Sep 2023€2.1t€3.0t€130.4b16.1x16.4x0.7x
Thu, 03 Aug 2023€2.2t€3.0t€136.9b16.4x16x0.7x
Sat, 01 Jul 2023€2.2t€3.0t€140.3b16.9x15.6x0.7x
Mon, 29 May 2023€2.2t€3.0t€140.1b16.8x15.5x0.7x
Wed, 26 Apr 2023€2.2t€3.0t€146.9b17.1x15.2x0.7x
Fri, 24 Mar 2023€2.2t€3.0t€152.0b15.8x14.2x0.7x
Price to Earnings Ratio

14.2x


Total Market Cap: €2.2tTotal Earnings: €152.0bTotal 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
ALV Allianz€359.504.4%
+€5.8b		1.6%PE12.9xFinancials
UN0 Uniper€41.4023.8%
+€3.3b		-11.0%PE12.3xUtilities
EOAN E.ON€19.676.7%
+€3.2b		51.3%PE29.7xUtilities
BAS BASF€48.307.8%
+€3.1b		-7.9%PE29.5xMaterials
RWE RWE€57.267.4%
+€2.8b		76.6%PE13xUtilities
See more

Market Insights

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UN0
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1Y
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BAS
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1Y
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1Y
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SAP
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1Y
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