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German (DAX) Market Analysis & Valuation

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies775
  • 7D1.2%
  • 3M-4.0%
  • 1Y1.0%
  • YTD-4.3%

The Energy sector gained 5.7% while the market remained flat over the last week. As for the longer term, 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, 02 Apr 2026€2.5t€2.6t€124.6b17.6x20.2x1x
Sat, 28 Feb 2026€2.7t€2.7t€104.0b18.1x26x1x
Mon, 26 Jan 2026€2.7t€2.7t€104.1b18.2x25.5x1x
Wed, 24 Dec 2025€2.6t€2.7t€103.6b17.9x25.1x1x
Fri, 21 Nov 2025€2.5t€2.7t€104.6b17.4x23.6x0.9x
Sun, 19 Oct 2025€2.5t€2.7t€101.5b18.1x25x0.9x
Tue, 16 Sep 2025€2.5t€2.7t€101.9b18.5x24.9x0.9x
Thu, 14 Aug 2025€2.6t€2.7t€102.5b19x25.6x1x
Sat, 12 Jul 2025€2.6t€2.7t€104.0b19x25.2x1x
Mon, 09 Jun 2025€2.6t€2.7t€103.6b19.3x25.2x1x
Wed, 07 May 2025€2.5t€2.7t€107.7b18.6x23.6x0.9x
Fri, 04 Apr 2025€2.4t€2.7t€108.0b17.4x22.3x0.9x
Sun, 02 Mar 2025€2.5t€2.7t€125.6b16.6x20x0.9x
Tue, 28 Jan 2025€2.4t€2.7t€114.2b16.6x21x0.9x
Thu, 26 Dec 2024€2.3t€2.7t€114.2b15.5x19.8x0.8x
Sat, 23 Nov 2024€2.2t€2.7t€112.9b15.5x19.8x0.8x
Mon, 21 Oct 2024€2.3t€2.7t€119.0b16.3x19.5x0.9x
Wed, 18 Sep 2024€2.2t€2.7t€119.7b16.5x18.4x0.8x
Fri, 16 Aug 2024€2.2t€2.7t€118.7b17.4x18.2x0.8x
Sun, 14 Jul 2024€2.2t€2.7t€111.4b17.9x20.1x0.8x
Tue, 11 Jun 2024€2.2t€2.7t€110.9b18x20.2x0.8x
Thu, 09 May 2024€2.3t€2.7t€112.1b17.3x20.1x0.8x
Sat, 06 Apr 2024€2.3t€2.8t€119.4b17.1x19.1x0.8x
Mon, 04 Mar 2024€2.2t€2.9t€125.7b16x17.7x0.8x
Wed, 31 Jan 2024€2.2t€2.9t€148.3b16.3x14.6x0.8x
Fri, 29 Dec 2023€2.1t€2.9t€147.3b16.6x14.6x0.8x
Sun, 26 Nov 2023€2.1t€2.9t€148.0b16.2x14.2x0.7x
Tue, 24 Oct 2023€2.0t€3.0t€132.1b15.8x15x0.7x
Thu, 21 Sep 2023€2.1t€3.0t€131.2b16.1x16.2x0.7x
Sat, 19 Aug 2023€2.1t€3.0t€132.1b16.3x16x0.7x
Mon, 17 Jul 2023€2.2t€3.0t€138.9b16.8x15.8x0.7x
Wed, 14 Jun 2023€2.2t€3.0t€140.2b17.3x15.8x0.7x
Fri, 12 May 2023€2.2t€3.0t€143.2b17.1x15.1x0.7x
Sun, 09 Apr 2023€2.2t€3.0t€148.4b16.3x14.8x0.7x
Price to Earnings Ratio

14.8x


Total Market Cap: €2.2tTotal Earnings: €148.4bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 20x202420252026
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 20.0x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 5.6% 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 Market1.21%
Financials2.88%
Utilities2.18%
Materials1.77%
Consumer Discretionary1.68%
Real Estate1.65%
Healthcare1.58%
Tech0.89%
Industrials0.70%
Consumer Staples0.68%
Telecom-1.65%
Energy-5.04%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 56.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.2% which is higher than its past year's earnings decline of 0.07% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 58% 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
ALV Allianz€367.703.9%
+€5.3b		2.9%PE13.2xFinancials
RHM Rheinmetall€1.58k6.4%
+€4.4b		21.9%PE71.4xIndustrials
SIE Siemens€215.351.7%
+€2.6b		0.3%PE20.9xIndustrials
SAP SAP€148.861.3%
+€2.3b		-40.2%PE24.3xTech
DB1 Deutsche Börse€250.805.0%
+€2.2b		-9.4%PE22.9xFinancials
See more

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€1,581.50
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7D
6.4%
1Y
21.9%
AIXA
€33.60
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7D
-8.1%
1Y
232.0%
HLAG
€120.50
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7D
-12.6%
1Y
-14.5%
BAYN
€40.12
Bayer
7D
5.2%
1Y
87.3%
EVD
€51.95
CTS Eventim KGaA
7D
-19.5%
1Y
-45.0%
ENR
€152.20
Siemens Energy
7D
-3.9%
1Y
169.8%

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SAP
€148.86
SAP
7D
1.3%
1Y
-40.2%
DB1
€250.80
Deutsche Börse
7D
5.0%
1Y
-9.4%

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FRE
€43.95
Fresenius SE KGaA
7D
-1.3%
1Y
11.3%
DTE
€31.84
Deutsche Telekom
7D
-1.5%
1Y
-6.4%
SIE
€215.35
Siemens
7D
1.7%
1Y
0.3%

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MUV2
€540.40
Münchener Rückversicherungs-Gesellschaft in München
7D
3.1%
1Y
-8.3%

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ALV
€367.70
Allianz
7D
3.9%
1Y
2.9%

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SPG
€17.86
Springer Nature KGaA
7D
-9.8%
1Y
-6.1%

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DHL
€46.60
Deutsche Post
7D
3.6%
1Y
18.8%

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SHL
€36.39
Siemens Healthineers
7D
-1.1%
1Y
-27.4%

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