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German (DAX) Market Analysis & Valuation

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies770
  • 7D2.8%
  • 3M-1.3%
  • 1Y1.4%
  • YTD1.6%

The market is up 2.8% over the last week, with the Industrials sector leading the way, up 5.1%. As for last year, the market performance has been flat. Looking forward, earnings are forecast to grow by 17% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026€2.7t€2.6t€127.1b17x21x1x
Sat, 25 Apr 2026€2.6t€2.6t€126.0b17.8x20.5x1x
Mon, 23 Mar 2026€2.4t€2.6t€100.0b17.2x24.3x0.9x
Wed, 18 Feb 2026€2.7t€2.7t€106.9b17.4x25x1x
Fri, 16 Jan 2026€2.7t€2.7t€103.6b18.3x26x1x
Sun, 14 Dec 2025€2.6t€2.7t€103.7b17.8x25x1x
Tue, 11 Nov 2025€2.5t€2.7t€99.8b17.7x25.4x0.9x
Thu, 09 Oct 2025€2.6t€2.7t€101.6b18.6x25.7x1x
Sat, 06 Sep 2025€2.6t€2.7t€101.8b18.6x25.1x1x
Mon, 04 Aug 2025€2.5t€2.7t€101.8b18.5x25x1x
Wed, 02 Jul 2025€2.6t€2.7t€103.7b19.1x24.6x0.9x
Fri, 30 May 2025€2.6t€2.7t€103.4b18.6x25x1x
Sun, 27 Apr 2025€2.5t€2.7t€111.7b18.1x22.1x0.9x
Tue, 25 Mar 2025€2.5t€2.7t€129.8b18.1x19.5x0.9x
Thu, 20 Feb 2025€2.5t€2.7t€112.2b17.1x22.6x0.9x
Sat, 18 Jan 2025€2.4t€2.7t€114.2b16.3x20.6x0.9x
Mon, 16 Dec 2024€2.3t€2.7t€114.1b16x20.3x0.9x
Wed, 13 Nov 2024€2.2t€2.7t€111.2b15.4x20x0.8x
Fri, 11 Oct 2024€2.3t€2.7t€119.2b16.4x19.1x0.8x
Sun, 08 Sep 2024€2.2t€2.7t€119.6b16.5x18.1x0.8x
Tue, 06 Aug 2024€2.1t€2.7t€110.3b16.6x18.8x0.8x
Thu, 04 Jul 2024€2.2t€2.7t€111.3b17.9x19.7x0.8x
Sat, 01 Jun 2024€2.2t€2.7t€110.9b17.6x20.2x0.8x
Mon, 29 Apr 2024€2.3t€2.8t€120.1b16.7x18.7x0.8x
Wed, 27 Mar 2024€2.3t€2.8t€122.1b16.9x18.7x0.8x
Fri, 23 Feb 2024€2.2t€2.9t€151.2b15.8x14.5x0.8x
Sun, 21 Jan 2024€2.1t€2.9t€146.5b16.1x14.4x0.7x
Tue, 19 Dec 2023€2.2t€2.9t€147.6b16.2x14.7x0.8x
Thu, 16 Nov 2023€2.1t€5.7t€386.7b16.1x5.4x0.4x
Sat, 14 Oct 2023€2.0t€3.0t€131.4b15.8x15.5x0.7x
Mon, 11 Sep 2023€2.1t€3.0t€131.2b16.1x16.2x0.7x
Wed, 09 Aug 2023€2.1t€3.0t€142.1b16.2x15.1x0.7x
Fri, 07 Jul 2023€2.1t€3.0t€138.9b16.8x15.2x0.7x
Sun, 04 Jun 2023€2.2t€3.0t€140.2b17.2x15.7x0.7x
Price to Earnings Ratio

15.7x


Total Market Cap: €2.2tTotal Earnings: €140.2bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 20.3x202420252026
Current Market PE
  • Investors are relatively neutral on the German market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.3x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 3.2% per year over the last three years.
  • Revenues have also declined 4.4% 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 Market2.85%
Industrials5.09%
Energy4.49%
Consumer Discretionary4.20%
Tech4.13%
Materials2.35%
Healthcare1.82%
Financials1.03%
Utilities0.72%
Consumer Staples-0.078%
Real Estate-0.80%
Telecom-0.81%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 59.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.1%, which is higher than its past year's earnings growth of 5.3% per year.
  • The Real Estate sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
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 Utilities sector is expected to see its earnings decline by 2.7% 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
ENR Siemens Energy€181.308.1%
+€11.6b		112.3%PE69.7xIndustrials
IFX Infineon Technologies€76.7312.9%
+€11.4b		122.8%PE92.8xTech
SIE Siemens€274.053.8%
+€7.7b		26.0%PE27.7xIndustrials
DHL Deutsche Post€49.875.9%
+€3.1b		27.6%PE15.7xIndustrials
MRK Merck KGaA€129.505.5%
+€2.9b		12.3%PE22.2xHealthcare
See more

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