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German (DAX) Market Analysis & Valuation
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies753
- 7D-3.1%
- 3M-6.0%
- 1Y11.1%
- YTD7.6%
The market has dropped by 11% in the last 7 days, with the Consumer Discretionary sector leading declines. In the last year, the market is actually up 11%. Earnings are forecast to grow by 17% annually.
Market Valuation and Performance
Has the German Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | €2.5t | €2.7t | €104.7b | 17.4x | 23.6x | 0.9x |
| Sun, 19 Oct 2025 | €2.5t | €2.7t | €101.5b | 18.1x | 25x | 0.9x |
| Tue, 16 Sep 2025 | €2.5t | €2.7t | €101.9b | 18.5x | 24.9x | 0.9x |
| Thu, 14 Aug 2025 | €2.6t | €2.7t | €102.5b | 19x | 25.6x | 1x |
| Sat, 12 Jul 2025 | €2.6t | €2.7t | €104.0b | 19x | 25.2x | 1x |
| Mon, 09 Jun 2025 | €2.6t | €2.7t | €103.6b | 19.3x | 25.2x | 1x |
| Wed, 07 May 2025 | €2.5t | €2.7t | €107.7b | 18.6x | 23.6x | 0.9x |
| Fri, 04 Apr 2025 | €2.4t | €2.7t | €108.0b | 17.4x | 22.3x | 0.9x |
| Sun, 02 Mar 2025 | €2.5t | €2.7t | €125.6b | 16.6x | 20x | 0.9x |
| Tue, 28 Jan 2025 | €2.4t | €2.7t | €114.2b | 16.6x | 21x | 0.9x |
| Thu, 26 Dec 2024 | €2.3t | €2.7t | €114.2b | 15.5x | 19.8x | 0.8x |
| Sat, 23 Nov 2024 | €2.2t | €2.7t | €112.9b | 15.5x | 19.8x | 0.8x |
| Mon, 21 Oct 2024 | €2.3t | €2.7t | €119.0b | 16.3x | 19.5x | 0.9x |
| Wed, 18 Sep 2024 | €2.2t | €2.7t | €119.7b | 16.5x | 18.4x | 0.8x |
| Fri, 16 Aug 2024 | €2.2t | €2.7t | €118.7b | 17.4x | 18.2x | 0.8x |
| Sun, 14 Jul 2024 | €2.2t | €2.7t | €111.4b | 17.9x | 20.1x | 0.8x |
| Tue, 11 Jun 2024 | €2.2t | €2.7t | €110.9b | 18x | 20.2x | 0.8x |
| Thu, 09 May 2024 | €2.3t | €2.7t | €112.1b | 17.3x | 20.1x | 0.8x |
| Sat, 06 Apr 2024 | €2.3t | €2.8t | €119.4b | 17.1x | 19.1x | 0.8x |
| Mon, 04 Mar 2024 | €2.2t | €2.9t | €125.7b | 16x | 17.7x | 0.8x |
| Wed, 31 Jan 2024 | €2.2t | €2.9t | €148.3b | 16.3x | 14.6x | 0.8x |
| Fri, 29 Dec 2023 | €2.1t | €2.9t | €147.3b | 16.6x | 14.6x | 0.8x |
| Sun, 26 Nov 2023 | €2.1t | €2.9t | €148.0b | 16.2x | 14.2x | 0.7x |
| Tue, 24 Oct 2023 | €2.0t | €3.0t | €132.1b | 15.8x | 15x | 0.7x |
| Thu, 21 Sep 2023 | €2.1t | €3.0t | €131.2b | 16.1x | 16.2x | 0.7x |
| Sat, 19 Aug 2023 | €2.1t | €3.0t | €132.1b | 16.3x | 16x | 0.7x |
| Mon, 17 Jul 2023 | €2.2t | €3.0t | €138.9b | 16.8x | 15.8x | 0.7x |
| Wed, 14 Jun 2023 | €2.2t | €3.0t | €140.2b | 17.3x | 15.8x | 0.7x |
| Fri, 12 May 2023 | €2.2t | €3.0t | €143.2b | 17.1x | 15.1x | 0.7x |
| Sun, 09 Apr 2023 | €2.2t | €3.0t | €148.4b | 16.3x | 14.8x | 0.7x |
| Tue, 07 Mar 2023 | €2.2t | €2.9t | €155.7b | 15.6x | 14.1x | 0.8x |
| Thu, 02 Feb 2023 | €2.1t | €2.6t | €172.2b | 15.9x | 12.3x | 0.8x |
| Sat, 31 Dec 2022 | €1.9t | €2.6t | €173.5b | 15.7x | 11.1x | 0.7x |
| Mon, 28 Nov 2022 | €2.0t | €2.6t | €172.5b | 15.7x | 11.6x | 0.8x |
Price to Earnings Ratio
11.6x
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 23.6x which is higher than its 3-year average PE of 18.5x.
Past Earnings Growth
- The earnings for German listed companies have declined 15% 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 | -3.14% | |
| Utilities | 1.06% | |
| Real Estate | -1.06% | |
| Telecom | -1.22% | |
| Industrials | -1.49% | |
| Energy | -2.07% | |
| Materials | -2.24% | |
| Financials | -3.48% | |
| Consumer Staples | -3.98% | |
| Tech | -5.01% | |
| Consumer Discretionary | -5.58% | |
| Healthcare | -5.75% | |
Sector PE
- Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 29.7% which is higher than its past year's earnings decline of 6.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 44% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ENR Siemens Energy | €112.10 | 10.9% +€9.4b | 137.1% | PE67.5x | Industrials | |
| EOAN E.ON | €15.47 | 1.8% +€718.6m | 33.1% | PE13.5x | Utilities | |
| UN0 Uniper | €30.45 | 5.7% +€687.2m | -27.9% | PE222.5x | Utilities | |
| HOT HOCHTIEF | €290.80 | 2.2% +€466.5m | 152.0% | PE25.7x | Industrials | |
| EBK EnBW Energie Baden-Württemberg | €67.40 | 2.1% +€454.2m | 5.6% | PE86.1x | Utilities |
