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German (DAX) Market Analysis & Valuation

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies752
  • 7D-1.8%
  • 3M-4.4%
  • 1Y10.5%
  • YTD8.4%

In the last week, the market has fallen 1.8%, dragged down most by the Information Technology. In the last year, the market is actually up 10%. Earnings are forecast to grow by 17% annually.

Market Valuation and Performance

Has the German Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025€2.5t€2.7t€98.8b17.6x25.1x0.9x
Tue, 07 Oct 2025€2.6t€2.7t€101.6b18.7x25.6x1x
Thu, 04 Sep 2025€2.5t€2.5t€95.0b18.6x26.3x1x
Sat, 02 Aug 2025€2.5t€2.7t€103.0b19.1x24.8x1x
Mon, 30 Jun 2025€2.6t€2.7t€103.7b19.1x24.7x0.9x
Wed, 28 May 2025€2.6t€2.8t€82.4b19x31.7x0.9x
Fri, 25 Apr 2025€2.5t€2.7t€110.3b18.3x22.2x0.9x
Sun, 23 Mar 2025€2.5t€2.7t€129.9b17.9x19.6x0.9x
Tue, 18 Feb 2025€2.5t€2.7t€112.2b17.1x22.6x0.9x
Thu, 16 Jan 2025€2.3t€2.7t€114.2b16.5x20.4x0.9x
Sat, 14 Dec 2024€2.3t€2.7t€114.2b16x20.3x0.9x
Mon, 11 Nov 2024€2.2t€2.7t€111.1b15.3x20.2x0.8x
Wed, 09 Oct 2024€2.3t€2.7t€119.4b16.7x19x0.8x
Fri, 06 Sep 2024€2.2t€2.7t€119.5b16.7x18.4x0.8x
Sun, 04 Aug 2024€2.1t€2.7t€110.2b16.9x19.2x0.8x
Tue, 02 Jul 2024€2.2t€2.7t€111.4b18.1x19.7x0.8x
Thu, 30 May 2024€2.2t€2.7t€110.8b17.5x20.1x0.8x
Sat, 27 Apr 2024€2.3t€2.8t€120.7b16.8x18.6x0.8x
Mon, 25 Mar 2024€2.3t€2.8t€122.1b16.7x18.6x0.8x
Wed, 21 Feb 2024€2.2t€2.9t€151.2b15.6x14.3x0.8x
Fri, 19 Jan 2024€2.1t€2.9t€146.5b16.1x14.4x0.7x
Sun, 17 Dec 2023€2.2t€2.9t€147.6b16.3x14.7x0.8x
Tue, 14 Nov 2023€2.0t€2.9t€150.0b15.7x13.5x0.7x
Thu, 12 Oct 2023€2.2t€3.0t€139.3b15.8x15.9x0.7x
Sat, 09 Sep 2023€2.1t€3.0t€131.3b16.1x16.2x0.7x
Mon, 07 Aug 2023€2.2t€3.0t€142.9b16.3x15.2x0.7x
Wed, 05 Jul 2023€2.2t€3.0t€138.8b17.2x15.7x0.7x
Fri, 02 Jun 2023€2.2t€3.0t€140.3b17.2x15.6x0.7x
Sun, 30 Apr 2023€2.2t€3.0t€146.6b17.4x15.2x0.7x
Tue, 28 Mar 2023€2.1t€3.0t€149.6b16.1x14.3x0.7x
Thu, 23 Feb 2023€2.2t€2.9t€162.7b15.8x13.3x0.8x
Sat, 21 Jan 2023€2.1t€2.6t€173.1b16.2x12.1x0.8x
Mon, 19 Dec 2022€1.9t€2.6t€172.9b15.6x11.1x0.7x
Wed, 16 Nov 2022€2.0t€2.6t€169.9b15.1x11.7x0.8x
Price to Earnings Ratio

11.7x


Total Market Cap: €2.0tTotal Earnings: €169.9bTotal Revenue: €2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 18.4x202320242025
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 25.1x which is higher than its 3-year average PE of 18.4x.
Past Earnings Growth
  • The earnings for German listed companies have declined 17% 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-1.80%
Consumer Staples1.64%
Consumer Discretionary0.86%
Financials-0.31%
Utilities-0.94%
Telecom-1.00%
Industrials-1.89%
Energy-1.91%
Materials-1.99%
Real Estate-2.55%
Tech-4.07%
Healthcare-6.44%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 44.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 9.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 9.8% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 7.5% 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
DHL Deutsche Post€43.018.1%
+€3.6b
21.4%PE13.6xIndustrials
BMW Bayerische Motoren Werke€86.146.7%
+€3.3b
27.5%PE7.6xConsumer Discretionary
RHM Rheinmetall€1.75k2.8%
+€2.2b
220.3%PE93.1xIndustrials
MBG Mercedes-Benz Group€58.363.8%
+€2.1b
11.5%PE9xConsumer Discretionary
HOT HOCHTIEF€270.008.6%
+€1.6b
137.5%PE23.8xIndustrials
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