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German (DAX) Market Analysis & Valuation

UpdatedSep 07, 2025
DataAggregated Company Financials
Companies745
  • 7D3.8%
  • 3M-0.4%
  • 1Y16.7%
  • YTD11.9%

The market is up 3.8% over the last week, with the Communication Services sector leading the way, up 28%. In the last year, the market has climbed 17%. 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
Sun, 07 Sep 2025€3.0t€2.7t€101.8b18.6x29.3x1.1x
Tue, 05 Aug 2025€3.0t€2.7t€101.8b19x29.6x1.1x
Thu, 03 Jul 2025€2.6t€2.7t€103.9b18.6x24.6x0.9x
Sat, 31 May 2025€2.6t€2.7t€103.4b18.6x25x1x
Mon, 28 Apr 2025€2.5t€2.7t€111.7b18.1x22.1x0.9x
Wed, 26 Mar 2025€2.5t€2.7t€129.9b17.7x19.6x0.9x
Fri, 21 Feb 2025€2.5t€2.7t€112.2b16.9x22.2x0.9x
Sun, 19 Jan 2025€2.4t€2.7t€114.2b16.3x20.6x0.9x
Tue, 17 Dec 2024€2.3t€2.7t€114.2b16x20.2x0.8x
Thu, 14 Nov 2024€2.2t€2.7t€111.1b15.2x20x0.8x
Sat, 12 Oct 2024€2.3t€2.7t€119.0b16.5x19.2x0.8x
Mon, 09 Sep 2024€2.2t€2.7t€119.5b16.5x18.1x0.8x
Wed, 07 Aug 2024€2.1t€2.7t€110.0b16.5x18.9x0.8x
Fri, 05 Jul 2024€2.2t€2.7t€111.3b18x19.8x0.8x
Sun, 02 Jun 2024€2.2t€2.7t€110.9b17.6x20.2x0.8x
Tue, 30 Apr 2024€2.2t€2.8t€120.1b17x18.7x0.8x
Thu, 28 Mar 2024€2.3t€2.8t€122.0b17x18.9x0.8x
Sat, 24 Feb 2024€2.2t€2.9t€151.3b15.6x14.5x0.8x
Mon, 22 Jan 2024€2.1t€2.9t€146.5b16.1x14.4x0.7x
Wed, 20 Dec 2023€2.2t€2.9t€147.6b16.4x14.7x0.8x
Fri, 17 Nov 2023€2.1t€2.9t€152.9b16x13.6x0.7x
Sun, 15 Oct 2023€2.0t€3.0t€131.5b15.9x15.5x0.7x
Tue, 12 Sep 2023€2.1t€3.0t€131.1b16x16.3x0.7x
Thu, 10 Aug 2023€2.1t€3.0t€137.3b16.3x15.6x0.7x
Sat, 08 Jul 2023€2.1t€3.0t€138.8b16.8x15.3x0.7x
Mon, 05 Jun 2023€2.2t€3.0t€140.2b17.3x15.7x0.7x
Wed, 03 May 2023€2.2t€3.0t€146.6b17.4x15x0.7x
Fri, 31 Mar 2023€2.2t€3.0t€150.4b16x14.6x0.7x
Sun, 26 Feb 2023€2.1t€2.9t€158.1b15.7x13.5x0.7x
Tue, 24 Jan 2023€2.1t€2.6t€173.1b16.1x12.1x0.8x
Thu, 22 Dec 2022€1.9t€2.6t€172.8b15.6x11.2x0.7x
Sat, 19 Nov 2022€2.0t€2.6t€170.4b15.3x11.7x0.8x
Mon, 17 Oct 2022€1.8t€2.5t€169.1b14x10.4x0.7x
Wed, 14 Sep 2022€1.8t€2.5t€162.5b15.5x11.2x0.7x
Price to Earnings Ratio

11.2x


Total Market Cap: €1.8tTotal Earnings: €162.5bTotal Revenue: €2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 17.7x202320242025
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 29.3x which is higher than its 3-year average PE of 17.7x.
Past Earnings Growth
  • The earnings for German listed companies have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.7% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market3.79%
Telecom28.32%
Consumer Staples0.65%
Healthcare-0.32%
Utilities-0.43%
Consumer Discretionary-0.50%
Real Estate-1.76%
Industrials-1.89%
Financials-2.21%
Materials-2.26%
Tech-2.61%
Energy-4.74%
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 30.5% which is higher than its past year's earnings decline of 1.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 44% over the next 5 years.
  • However this is lower than its past earnings growth rate of 70% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 5.4% 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
RHM Rheinmetall€1.74k3.3%
+€2.5b		247.5%PE94.6xIndustrials
DTE Deutsche Telekom€31.651.4%
+€2.0b		21.6%PE12.2xTelecom
ADS adidas€175.705.6%
+€1.7b		-20.4%PE26.4xConsumer Discretionary
DHER Delivery Hero€25.1110.7%
+€718.3m		-10.7%PS0.6xConsumer Discretionary
RWE RWE€35.022.3%
+€557.1m		6.7%PE10.2xUtilities
See more

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