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German (DAX) Market Analysis & Valuation

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies775
  • 7D-0.6%
  • 3M-2.6%
  • 1Y-1.8%
  • YTD-3.9%

Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 6.5% in that time. As for the longer term, the market has also been flat over the past year. Looking forward, 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
Sat, 14 Mar 2026€2.5t€2.7t€100.3b17.8x25.2x1x
Mon, 09 Feb 2026€2.7t€2.7t€106.2b17.4x25x1x
Wed, 07 Jan 2026€2.7t€2.7t€103.6b18.3x25.7x1x
Fri, 05 Dec 2025€2.6t€2.7t€102.2b18.1x25x1x
Sun, 02 Nov 2025€2.5t€2.7t€97.6b18x26.1x0.9x
Tue, 30 Sep 2025€2.5t€2.7t€101.7b18.2x24.9x0.9x
Thu, 28 Aug 2025€2.6t€2.7t€100.4b19x25.5x1x
Sat, 26 Jul 2025€2.6t€2.7t€106.7b19x24.4x1x
Mon, 23 Jun 2025€2.5t€2.7t€103.6b18.6x24.1x0.9x
Wed, 21 May 2025€2.6t€2.7t€103.5b19.1x25.2x1x
Fri, 18 Apr 2025€2.4t€2.7t€107.8b17.6x22x0.9x
Sun, 16 Mar 2025€2.5t€2.7t€122.5b17.2x20.8x0.9x
Tue, 11 Feb 2025€2.5t€2.7t€113.3b16.9x21.7x0.9x
Thu, 09 Jan 2025€2.3t€2.7t€114.5b16.2x20.1x0.8x
Sat, 07 Dec 2024€2.3t€2.7t€114.2b15.8x20.4x0.9x
Mon, 04 Nov 2024€2.3t€2.7t€115.9b15.3x19.4x0.8x
Wed, 02 Oct 2024€2.3t€2.7t€119.8b16.4x19x0.8x
Fri, 30 Aug 2024€2.2t€2.7t€118.9b16.9x18.8x0.8x
Sun, 28 Jul 2024€2.2t€2.7t€109.6b17.7x20x0.8x
Tue, 25 Jun 2024€2.2t€2.7t€110.6b17.1x19.8x0.8x
Thu, 23 May 2024€2.3t€2.7t€110.8b17.6x20.4x0.8x
Sat, 20 Apr 2024€2.2t€2.8t€119.0b17.3x18.7x0.8x
Mon, 18 Mar 2024€2.2t€2.8t€122.2b16.4x18.3x0.8x
Wed, 14 Feb 2024€2.1t€2.9t€152.2b16.1x14.1x0.8x
Fri, 12 Jan 2024€2.1t€2.9t€146.5b16.2x14.6x0.7x
Sun, 10 Dec 2023€2.2t€2.9t€147.6b16.1x14.6x0.8x
Tue, 07 Nov 2023€2.0t€2.9t€161.2b15.9x12.5x0.7x
Thu, 05 Oct 2023€2.1t€3.0t€131.2b15.7x15.7x0.7x
Sat, 02 Sep 2023€2.1t€3.0t€130.4b16.2x16.4x0.7x
Mon, 31 Jul 2023€2.2t€3.0t€136.9b17x16.3x0.7x
Wed, 28 Jun 2023€2.1t€3.0t€140.4b17.3x15.2x0.7x
Fri, 26 May 2023€2.1t€3.0t€136.9b17.1x15.7x0.7x
Sun, 23 Apr 2023€2.2t€3.0t€147.1b17.2x15.2x0.7x
Tue, 21 Mar 2023€2.1t€2.9t€147.8b16.1x14.1x0.7x
Price to Earnings Ratio

14.1x


Total Market Cap: €2.1tTotal Earnings: €147.8bTotal Revenue: €2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.8x202420252026
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 25.2x which is higher than its 3-year average PE of 19.8x.
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 3.3% 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-0.60%
Utilities6.54%
Energy5.00%
Telecom0.68%
Financials0.54%
Materials0.16%
Consumer Discretionary-0.69%
Healthcare-0.95%
Industrials-1.51%
Tech-2.32%
Consumer Staples-5.21%
Real Estate-5.47%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 55.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.7% 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 54% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow 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
EOAN E.ON€19.906.6%
+€3.2b		53.1%PE30xUtilities
RWE RWE€57.028.0%
+€3.0b		77.1%PE12.9xUtilities
BAS BASF€48.356.8%
+€2.5b		-8.0%PE29.5xMaterials
ALV Allianz€354.101.9%
+€2.5b		0.7%PE12.7xFinancials
DTE Deutsche Telekom€33.331.4%
+€2.2b		-1.1%PE16.7xTelecom
See more

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