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German (DAX) Market Analysis & Valuation

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies776
  • 7D-0.08%
  • 3M-2.0%
  • 1Y-2.6%
  • YTD-3.3%

Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 5.5% in that time. In line with that, the market has also been flat over the past year. 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
Thu, 19 Mar 2026€2.5t€2.6t€99.5b17.8x25.5x1x
Sat, 14 Feb 2026€2.7t€2.7t€107.3b17.2x24.8x1x
Mon, 12 Jan 2026€2.7t€2.7t€103.6b18.5x26x1x
Wed, 10 Dec 2025€2.6t€2.7t€102.1b17.8x25.3x1x
Fri, 07 Nov 2025€2.5t€2.7t€99.8b17.7x25.2x0.9x
Sun, 05 Oct 2025€2.6t€2.7t€101.6b18.3x25.5x1x
Tue, 02 Sep 2025€2.6t€2.7t€101.6b18.7x25.6x1x
Thu, 31 Jul 2025€2.6t€2.7t€106.0b18.4x24.7x1x
Sat, 28 Jun 2025€2.6t€2.7t€103.7b19.1x24.7x0.9x
Mon, 26 May 2025€2.6t€2.8t€82.4b18.7x31.1x0.9x
Wed, 23 Apr 2025€2.4t€2.7t€107.8b17.5x22.1x0.9x
Fri, 21 Mar 2025€2.6t€2.7t€129.5b17.7x19.7x0.9x
Sun, 16 Feb 2025€2.5t€2.7t€112.2b17x22.3x0.9x
Tue, 14 Jan 2025€2.3t€2.7t€112.2b16.2x20.3x0.8x
Thu, 12 Dec 2024€2.3t€2.7t€114.3b16.1x20.4x0.9x
Sat, 09 Nov 2024€2.2t€2.7t€111.3b15.3x20.2x0.8x
Mon, 07 Oct 2024€2.3t€2.7t€119.4b16.9x19x0.8x
Wed, 04 Sep 2024€2.2t€2.7t€119.5b16.9x18.5x0.8x
Fri, 02 Aug 2024€2.2t€2.7t€109.2b17.2x19.8x0.8x
Sun, 30 Jun 2024€2.2t€2.7t€110.8b17.4x19.8x0.8x
Tue, 28 May 2024€2.0t€2.2t€82.6b18.1x24.5x0.9x
Thu, 25 Apr 2024€2.3t€2.8t€118.6b17.2x19x0.8x
Sat, 23 Mar 2024€2.3t€2.8t€121.0b16.3x18.7x0.8x
Mon, 19 Feb 2024€2.2t€2.9t€151.2b16x14.4x0.8x
Wed, 17 Jan 2024€2.1t€2.9t€146.5b16x14.4x0.7x
Fri, 15 Dec 2023€2.2t€2.9t€147.6b16.2x14.7x0.8x
Sun, 12 Nov 2023€2.0t€2.9t€150.5b15.5x13.4x0.7x
Tue, 10 Oct 2023€2.0t€3.0t€131.3b15.6x15.5x0.7x
Thu, 07 Sep 2023€2.1t€3.0t€130.3b16.1x16.4x0.7x
Sat, 05 Aug 2023€2.2t€3.0t€148.7b16.3x14.7x0.7x
Mon, 03 Jul 2023€2.2t€3.0t€138.8b17.4x15.8x0.7x
Wed, 31 May 2023€2.2t€3.0t€140.5b17.3x15.5x0.7x
Fri, 28 Apr 2023€2.2t€3.0t€147.6b17.1x15.1x0.7x
Sun, 26 Mar 2023€2.1t€3.0t€149.6b16x14.1x0.7x
Price to Earnings Ratio

14.1x


Total Market Cap: €2.1tTotal Earnings: €149.6bTotal 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 25.5x 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 3.9% 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 Market-0.075%
Utilities5.48%
Energy2.80%
Financials2.34%
Materials1.74%
Real Estate0.59%
Industrials-0.41%
Telecom-0.49%
Healthcare-1.66%
Consumer Discretionary-1.81%
Tech-2.51%
Consumer Staples-3.39%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 55.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.0% 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 57% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
HLAG Hapag-Lloyd€155.9016.9%
+€4.0b		15.7%PE17.8xIndustrials
DB1 Deutsche Börse€249.703.6%
+€1.6b		-6.2%PE22.8xFinancials
RWE RWE€57.804.0%
+€1.6b		80.3%PE13.1xUtilities
UN0 Uniper€39.3010.2%
+€1.5b		-13.0%PE11.7xUtilities
ALV Allianz€353.200.8%
+€1.0b		-0.1%PE12.7xFinancials
See more

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