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German (DAX) Market Analysis & Valuation

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies770
  • 7D0.5%
  • 3M7.3%
  • 1Y6.1%
  • YTD3.3%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 6.7%. More promisingly, the market is up 6.1% over the past year. Earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026€2.7t€2.7t€105.0b18.1x25.8x1x
Fri, 30 Jan 2026€2.6t€2.7t€106.1b18x24.7x1x
Sun, 28 Dec 2025€2.6t€2.7t€103.6b18x25.1x1x
Tue, 25 Nov 2025€2.5t€2.7t€104.6b17.6x23.7x0.9x
Thu, 23 Oct 2025€2.6t€2.7t€101.5b18.2x25.3x1x
Sat, 20 Sep 2025€2.5t€2.7t€101.9b18.4x24.8x0.9x
Mon, 18 Aug 2025€2.6t€2.7t€100.3b19x26.2x1x
Wed, 16 Jul 2025€2.6t€2.7t€104.4b18.9x24.7x1x
Fri, 13 Jun 2025€2.6t€2.7t€103.4b19.2x24.7x0.9x
Sun, 11 May 2025€2.6t€2.7t€106.8b19.1x24x1x
Tue, 08 Apr 2025€2.2t€2.7t€107.8b16.9x20.6x0.8x
Thu, 06 Mar 2025€2.6t€2.7t€126.2b17x20.3x1x
Sat, 01 Feb 2025€2.4t€2.7t€114.1b16.7x21.4x0.9x
Mon, 30 Dec 2024€2.3t€2.7t€114.3b15.8x19.9x0.8x
Wed, 27 Nov 2024€2.2t€2.7t€113.0b15.8x19.8x0.8x
Fri, 25 Oct 2024€2.3t€2.7t€119.7b16.4x19.1x0.8x
Sun, 22 Sep 2024€2.2t€2.7t€119.6b17x18.4x0.8x
Tue, 20 Aug 2024€2.2t€2.7t€118.4b17.3x18.4x0.8x
Thu, 18 Jul 2024€2.2t€2.7t€111.2b17.9x19.8x0.8x
Sat, 15 Jun 2024€2.2t€2.7t€110.8b17.6x19.6x0.8x
Mon, 13 May 2024€2.3t€2.7t€113.4b17.7x20.1x0.8x
Wed, 10 Apr 2024€2.3t€2.8t€119.5b17.1x19x0.8x
Fri, 08 Mar 2024€2.2t€2.8t€125.9b15.8x17.7x0.8x
Sun, 04 Feb 2024€2.2t€2.9t€147.8b16.2x14.6x0.8x
Tue, 02 Jan 2024€2.2t€2.9t€146.5b16.8x14.7x0.8x
Thu, 30 Nov 2023€2.1t€2.9t€147.8b16.1x14.3x0.7x
Sat, 28 Oct 2023€2.0t€3.0t€134.6b15.8x14.5x0.7x
Mon, 25 Sep 2023€2.1t€3.0t€131.2b16x16x0.7x
Wed, 23 Aug 2023€2.1t€3.0t€131.8b16.3x16.2x0.7x
Fri, 21 Jul 2023€2.2t€3.0t€138.6b16.9x15.8x0.7x
Sun, 18 Jun 2023€2.2t€3.0t€140.3b17.3x15.8x0.7x
Tue, 16 May 2023€2.2t€3.0t€140.9b17.2x15.5x0.7x
Thu, 13 Apr 2023€2.2t€3.0t€148.1b16.8x14.9x0.7x
Sat, 11 Mar 2023€2.2t€2.9t€154.6b15.7x14x0.7x
Price to Earnings Ratio

14x


Total Market Cap: €2.2tTotal Earnings: €154.6bTotal Revenue: €2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.7x202420252026
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 25.8x which is higher than its 3-year average PE of 19.7x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 12% per year over the last three years.
  • Revenues have also declined 2.4% 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 Market0.50%
Energy6.72%
Telecom3.34%
Utilities2.93%
Real Estate2.19%
Financials1.16%
Consumer Discretionary0.55%
Industrials-0.11%
Consumer Staples-0.20%
Tech-0.27%
Healthcare-0.76%
Materials-2.19%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 36.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.4% which is higher than its past year's earnings decline of 8.1% 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 Financials sector is expected to see its earnings grow by 6.6% 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
HLAG Hapag-Lloyd€144.7015.4%
+€3.4b		0.1%PE16.5xIndustrials
DB1 Deutsche Börse€238.208.1%
+€3.3b		-6.6%PE21.9xFinancials
NDX1 Nordex€40.8416.6%
+€1.4b		200.3%PE35.2xIndustrials
1COV Covestro€60.40-0.4%
€1.1b		4.1%PS1xMaterials
AIXA AIXTRON€28.8719.5%
+€534.0m		152.6%PE38.2xTech
See more

Market Insights

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ALV
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IFX
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7D
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1Y
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RWE
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