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German (DAX) Market Analysis & Valuation

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies768
  • 7D0.8%
  • 3M7.3%
  • 1Y6.3%
  • YTD2.3%

The market has climbed 1.9% in the last 7 days, lead by the Industrials sector with a gain of 3.3%. The market is up 7.5% over the last 12 months. 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
Tue, 24 Feb 2026€2.7t€2.7t€107.0b17.7x25.1x1x
Thu, 22 Jan 2026€2.6t€2.7t€103.7b17.9x25.2x1x
Sat, 20 Dec 2025€2.6t€2.7t€103.6b18x25.1x1x
Mon, 17 Nov 2025€2.5t€2.7t€104.8b17.7x24.2x0.9x
Wed, 15 Oct 2025€2.6t€2.7t€101.5b18.4x25.3x1x
Fri, 12 Sep 2025€2.5t€2.7t€101.7b18.2x24.9x0.9x
Sun, 10 Aug 2025€2.6t€2.7t€104.0b18.8x25.2x1x
Tue, 08 Jul 2025€2.6t€2.7t€103.9b19.1x24.8x1x
Thu, 05 Jun 2025€2.6t€2.7t€103.6b19.2x25.2x1x
Sat, 03 May 2025€2.5t€2.7t€109.8b18.5x23.1x0.9x
Mon, 31 Mar 2025€2.5t€2.7t€108.4b17.6x23x0.9x
Wed, 26 Feb 2025€2.5t€2.7t€112.0b16.8x22.4x0.9x
Fri, 24 Jan 2025€2.4t€2.7t€114.2b16.9x21x0.9x
Sun, 22 Dec 2024€2.3t€2.7t€114.3b15.4x19.8x0.8x
Tue, 19 Nov 2024€2.2t€2.7t€112.2b15.8x19.9x0.8x
Thu, 17 Oct 2024€2.3t€2.7t€119.0b16.4x19.2x0.8x
Sat, 14 Sep 2024€2.2t€2.7t€119.6b16.2x18.4x0.8x
Mon, 12 Aug 2024€2.1t€2.7t€119.3b17.1x17.7x0.8x
Wed, 10 Jul 2024€2.2t€2.7t€111.3b18.1x19.6x0.8x
Fri, 07 Jun 2024€2.3t€2.7t€110.9b18.3x20.3x0.8x
Sun, 05 May 2024€2.2t€2.8t€120.2b17.3x18.5x0.8x
Tue, 02 Apr 2024€2.3t€2.8t€119.2b17.1x19.3x0.8x
Thu, 29 Feb 2024€2.2t€2.8t€152.9b15.9x14.4x0.8x
Sat, 27 Jan 2024€2.2t€2.9t€148.3b16.5x14.6x0.8x
Mon, 25 Dec 2023€2.2t€2.9t€147.2b16.3x14.6x0.8x
Wed, 22 Nov 2023€2.1t€2.9t€150.5b15.8x13.9x0.7x
Fri, 20 Oct 2023€2.0t€3.0t€131.5b15.9x15.3x0.7x
Sun, 17 Sep 2023€2.1t€3.0t€131.3b16.2x16.3x0.7x
Tue, 15 Aug 2023€2.2t€3.0t€134.8b16.6x16.1x0.7x
Thu, 13 Jul 2023€2.2t€3.0t€138.9b17x15.7x0.7x
Sat, 10 Jun 2023€2.2t€3.0t€140.2b17.2x15.6x0.7x
Mon, 08 May 2023€2.2t€3.0t€146.9b17.5x15x0.7x
Wed, 05 Apr 2023€2.2t€3.0t€149.3b16.2x14.8x0.7x
Fri, 03 Mar 2023€2.1t€2.9t€157.5b15.6x13.6x0.7x
Price to Earnings Ratio

13.6x


Total Market Cap: €2.1tTotal Earnings: €157.5bTotal Revenue: €2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.6x202420252026
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 19.6x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 12% per year over the last three years.
  • Revenues have also declined 2.4% 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 Market0.83%
Real Estate3.09%
Financials2.39%
Industrials1.69%
Tech1.10%
Consumer Staples0.75%
Telecom0.56%
Materials0.42%
Utilities-0.25%
Consumer Discretionary-0.65%
Healthcare-2.57%
Energy-3.28%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 31.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.1% which is higher than its past year's earnings decline of 8.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 4.7% 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
SIE Siemens€240.652.4%
+€4.4b		10.3%PE23.5xIndustrials
RHM Rheinmetall€1.70k5.0%
+€3.7b		78.8%PE90.6xIndustrials
ALV Allianz€378.802.6%
+€3.7b		17.2%PE13.8xFinancials
IFX Infineon Technologies€45.896.2%
+€3.5b		20.7%PE59.6xTech
HLAG Hapag-Lloyd€122.6011.1%
+€2.1b		-18.0%PE14xIndustrials
See more

Market Insights

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