Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) Market Analysis & Valuation

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies771
  • 7D3.4%
  • 3M-0.2%
  • 1Y3.4%
  • YTD0.5%

Over the last 7 days, the market has risen 3.4%, driven by gains in every sector, especially the Industrials sector. In the last year, the market has climbed 3.4%. 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, 07 May 2026€2.6t€2.6t€124.4b17.6x21.2x1x
Sat, 04 Apr 2026€2.5t€2.6t€125.2b17.5x20x0.9x
Mon, 02 Mar 2026€2.7t€2.7t€105.0b18.1x25.8x1x
Wed, 28 Jan 2026€2.7t€2.7t€104.1b18.2x25.6x1x
Fri, 26 Dec 2025€2.6t€2.7t€103.6b17.9x25.1x1x
Sun, 23 Nov 2025€2.5t€2.7t€104.7b17.5x23.5x0.9x
Tue, 21 Oct 2025€2.6t€2.7t€101.5b18.2x25.4x1x
Thu, 18 Sep 2025€2.5t€2.7t€101.9b18.6x24.6x0.9x
Sat, 16 Aug 2025€2.6t€2.7t€101.6b19x25.9x1x
Mon, 14 Jul 2025€2.6t€2.7t€103.8b19x25x1x
Wed, 11 Jun 2025€2.6t€2.7t€103.6b19x25x1x
Fri, 09 May 2025€2.5t€2.7t€107.7b18.8x23.7x0.9x
Sun, 06 Apr 2025€2.3t€2.7t€107.9b17.3x21.3x0.9x
Tue, 04 Mar 2025€2.6t€2.7t€125.5b16.6x20.5x0.9x
Thu, 30 Jan 2025€2.4t€2.7t€114.6b16.6x21.2x0.9x
Sat, 28 Dec 2024€2.3t€2.7t€114.3b15.7x19.9x0.8x
Mon, 25 Nov 2024€2.2t€2.7t€112.8b15.8x19.9x0.8x
Wed, 23 Oct 2024€2.3t€2.7t€119.2b16.2x19.2x0.8x
Fri, 20 Sep 2024€2.2t€2.7t€119.7b17x18.7x0.8x
Sun, 18 Aug 2024€2.2t€2.7t€118.2b17.3x18.4x0.8x
Tue, 16 Jul 2024€2.2t€2.7t€111.2b18x19.9x0.8x
Thu, 13 Jun 2024€2.2t€2.7t€110.8b17.6x20.1x0.8x
Sat, 11 May 2024€2.3t€2.7t€113.3b17.7x20.1x0.8x
Mon, 08 Apr 2024€2.3t€2.8t€119.5b17.2x19.1x0.8x
Wed, 06 Mar 2024€2.2t€2.8t€126.2b15.9x17.5x0.8x
Fri, 02 Feb 2024€2.2t€2.9t€147.7b16.2x14.6x0.8x
Sun, 31 Dec 2023€2.2t€2.9t€146.5b16.8x14.7x0.8x
Tue, 28 Nov 2023€2.1t€2.9t€147.8b16.2x14.2x0.7x
Thu, 26 Oct 2023€2.0t€3.0t€131.8b15.4x15x0.7x
Sat, 23 Sep 2023€2.1t€3.0t€131.2b16x16x0.7x
Mon, 21 Aug 2023€2.1t€3.0t€131.8b16.5x16.1x0.7x
Wed, 19 Jul 2023€2.2t€3.0t€138.8b16.9x15.8x0.7x
Fri, 16 Jun 2023€2.2t€3.0t€140.2b17.3x15.7x0.7x
Sun, 14 May 2023€2.2t€3.0t€140.9b17.3x15.5x0.7x
Price to Earnings Ratio

15.5x


Total Market Cap: €2.2tTotal Earnings: €140.9bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 20.2x202420252026
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 20.2x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 4.1% per year over the last three years.
  • Revenues have also declined 4.0% 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 Market3.41%
Industrials6.93%
Tech3.92%
Consumer Discretionary3.39%
Healthcare3.29%
Consumer Staples2.38%
Real Estate1.30%
Energy1.08%
Financials0.91%
Telecom0.69%
Materials0.49%
Utilities0.12%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 57.9x.
    • 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.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 11% 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
SIE Siemens€268.308.7%
+€16.6b		28.3%PE26xIndustrials
ENR Siemens Energy€185.846.0%
+€9.0b		161.8%PE84xIndustrials
HOT HOCHTIEF€548.0022.0%
+€7.4b		243.1%PE45.7xIndustrials
RHM Rheinmetall€1.44k7.7%
+€4.8b		-11.7%PE65.1xIndustrials
IFX Infineon Technologies€59.236.3%
+€4.6b		95.8%PE72.7xTech
See more

Market Insights

Header cover image
We’re starting to see the second-order impact of Strait of Hormuz’s extended closure on other industries and in Q1 2026 reports - and it’s far more than just fuel and gas.
Continue reading
China's next winners have been chosen

Latest News

IFX
€59.23
Infineon Technologies
7D
6.3%
1Y
95.8%
DB1
€252.40
Deutsche Börse
7D
-4.8%
1Y
-13.3%
RRTL
€32.80
RTL Group
7D
-13.5%
1Y
3.0%
FRE
€39.89
Fresenius SE KGaA
7D
-3.6%
1Y
-7.7%
FME
€35.83
Fresenius Medical Care
7D
-5.9%
1Y
-28.8%
RHM
€1,441.60
Rheinmetall
7D
7.7%
1Y
-11.7%
BAS
€52.52
BASF
7D
-2.8%
1Y
24.3%
HOT
€548.00
HOCHTIEF
7D
22.0%
1Y
243.1%
SAP
€149.32
SAP
7D
2.4%
1Y
-42.9%
RWE
€59.42
RWE
7D
-2.0%
1Y
81.4%
Narrative Update • May 02

RWE: Future Returns Will Balance US Buildout Fusion Efforts And Mixed Sentiment

The analyst price target for RWE has been raised by about €2 per share, with analysts citing updated fair value estimates and revised assumptions for the discount rate, revenue growth, profit margins and future P/E as the main drivers of the change. Analyst Commentary Recent Street research on RWE shows a cluster of upward price target revisions, alongside at least one downgrade, giving you a mix of optimism and caution to weigh.
ALV
€392.50
Allianz
7D
2.0%
1Y
5.6%
ENR
€185.84
Siemens Energy
7D
6.0%
1Y
161.8%
Narrative Update • Apr 28

ENR: Data Center Spend And Wind Turnaround Will Shape Balanced Future Returns

Analysts have lifted their price target on Siemens Energy to €178.68 from €165.68, citing updates to fair value estimates, discount rate assumptions, revenue growth expectations, profit margin forecasts and future P/E assumptions. Analyst Commentary Recent Street research activity around Siemens Energy and peers highlights how views are splitting between those focused on upside to fair value assumptions and those fixated on execution and risk.
DTE
€27.82
Deutsche Telekom
7D
1.8%
1Y
-13.0%
New Narrative • Apr 27

Deutsche Telekom (DTE): The Digital Vanguard Braces for a High-Output Verdict

Deutsche Telekom AG (DTE) , the undisputed vanguard of European telecommunications and the majority owner of the powerhouse T-Mobile US, enters the final week of April 2026 in a state of formidable operational momentum. The company is scheduled to release its Q1 2026 earnings report on Wednesday, May 13, 2026, before the market opens.
MUV2
€523.60
Münchener Rückversicherungs-Gesellschaft in München
7D
-0.6%
1Y
-12.0%
Narrative Update • Apr 26

MUV2: Future Returns Will Reflect 2026 Payouts And Mixed Rating Moves

Analysts have trimmed their average price target for Münchener Rückversicherungs-Gesellschaft in München to about €582.38 from €582.97, citing refreshed assumptions on revenue growth, profit margins and future P/E, alongside mixed recent target revisions on the Street. Analyst Commentary Recent research highlights a split between analysts who see room for further upside in Münchener Rückversicherungs-Gesellschaft in München and those who are more cautious around valuation and execution risk.
SIE
€268.30
Siemens
7D
8.7%
1Y
28.3%
Narrative Update • Apr 24

SIE: Data Center AI Partnerships Will Underpin 2026 Earnings And Profitability

Analysts have trimmed the Siemens analyst price target by about €2 to reflect slightly more cautious assumptions on revenue growth and valuation multiples, while still recognizing incremental improvement in profitability. Analyst Commentary Recent Street research on Siemens shows a mix of optimism and caution, centered on where the shares should trade rather than on a single clear direction.
O2D
€2.07
Telefónica Deutschland Holding
7D
-3.7%
1Y
-6.0%