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German (DAX) Market Analysis & Valuation

UpdatedApr 29, 2025
DataAggregated Company Financials
Companies728
  • 7D4.3%
  • 3M2.5%
  • 1Y11.0%
  • YTD8.3%

Over the last 7 days, the market has risen 4.3%, driven by gains of 9.5% in the Information Technology sector. As for the past 12 months, the market is up 11%. Earnings are forecast to grow by 15% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Apr 2025€2.5t€2.7t€111.3b18.7x22.2x0.9x
Thu, 27 Mar 2025€2.5t€2.7t€132.1b17.7x19.1x0.9x
Sat, 22 Feb 2025€2.5t€2.7t€112.1b16.7x22.2x0.9x
Mon, 20 Jan 2025€2.4t€2.7t€114.2b16.3x20.6x0.9x
Wed, 18 Dec 2024€2.3t€2.7t€114.2b15.6x20.1x0.8x
Fri, 15 Nov 2024€2.2t€2.7t€110.5b15.2x20.3x0.8x
Sun, 13 Oct 2024€2.3t€2.7t€119.0b16.5x19.2x0.8x
Tue, 10 Sep 2024€2.2t€2.7t€119.5b16.4x18.2x0.8x
Thu, 08 Aug 2024€2.1t€2.7t€113.0b16.9x18.6x0.8x
Sat, 06 Jul 2024€2.2t€2.7t€111.3b18.1x19.8x0.8x
Mon, 03 Jun 2024€2.2t€2.7t€110.9b17.6x20.2x0.8x
Wed, 01 May 2024€2.2t€2.8t€122.2b17.1x18.2x0.8x
Fri, 29 Mar 2024€2.3t€2.8t€119.5b16.6x19.3x0.8x
Sun, 25 Feb 2024€2.2t€2.8t€154.9b15.7x14.2x0.8x
Tue, 23 Jan 2024€2.1t€2.9t€146.5b16.3x14.5x0.7x
Thu, 21 Dec 2023€2.2t€2.9t€147.5b16.3x14.7x0.8x
Sat, 18 Nov 2023€2.1t€2.9t€151.9b16.1x13.8x0.7x
Mon, 16 Oct 2023€2.0t€3.0t€131.5b15.9x15.5x0.7x
Wed, 13 Sep 2023€2.1t€3.0t€131.1b16.2x16.2x0.7x
Fri, 11 Aug 2023€2.2t€3.0t€135.3b16.6x16x0.7x
Sun, 09 Jul 2023€2.1t€3.0t€138.8b16.8x15.3x0.7x
Tue, 06 Jun 2023€2.2t€3.0t€140.2b17.1x15.6x0.7x
Thu, 04 May 2023€2.2t€3.0t€146.5b17.5x15.1x0.7x
Sat, 01 Apr 2023€2.2t€3.0t€149.4b16.4x14.8x0.7x
Mon, 27 Feb 2023€2.1t€2.9t€158.1b15.7x13.5x0.7x
Wed, 25 Jan 2023€2.1t€2.6t€173.1b16x12.1x0.8x
Fri, 23 Dec 2022€1.9t€2.6t€172.9b15.5x11x0.7x
Sun, 20 Nov 2022€2.0t€2.7t€170.6b15.4x11.7x0.7x
Tue, 18 Oct 2022€1.8t€2.5t€169.1b14x10.4x0.7x
Thu, 15 Sep 2022€1.8t€2.5t€162.5b15.4x10.9x0.7x
Sat, 13 Aug 2022€1.9t€2.7t€154.4b16.6x12.6x0.7x
Mon, 11 Jul 2022€1.9t€2.6t€159.6b16.3x11.6x0.7x
Wed, 08 Jun 2022€2.1t€2.6t€159.5b18.1x13x0.8x
Fri, 06 May 2022€2.0t€2.5t€146.6b18.6x13.8x0.8x
Price to Earnings Ratio

13.8x


Total Market Cap: €2.0tTotal Earnings: €146.6bTotal Revenue: €2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 16x202320242025
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 22.2x which is higher than its 3-year average PE of 16.0x.
Past Earnings Growth
  • The earnings for German listed companies have declined 8.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market4.34%
Tech9.46%
Consumer Discretionary7.55%
Materials6.04%
Healthcare5.64%
Industrials4.47%
Financials2.39%
Energy2.31%
Consumer Staples2.03%
Real Estate-0.64%
Utilities-1.07%
Telecom-1.70%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 41.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 3.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 57% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Utilities sector is expected to see its earnings decline by 2.1% 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
SAP SAP€248.8010.1%
+€26.6b
45.1%PE50.6xTech
SIE Siemens€205.059.6%
+€14.0b
15.4%PE21.5xIndustrials
ALV Allianz€361.203.7%
+€5.0b
35.6%PE14.2xFinancials
MBG Mercedes-Benz Group€54.979.4%
+€4.6b
-26.5%PE5.2xConsumer Discretionary
IFX Infineon Technologies€29.8912.3%
+€4.2b
-8.9%PE27.8xTech
See more
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Market Insights

The term ‘ Fiscal Dominance ’ has been popping up more in recent years, thanks to rising U.S. deficits. For the sake of your portfolio, this trend and its consequences are worth knowing about.

Latest News

MBG

€54.97

Mercedes-Benz Group

7D

9.4%

1Y

-26.5%

RHM

€1,339.50

Rheinmetall

7D

-8.5%

1Y

155.1%

IFX

€29.89

Infineon Technologies

7D

12.3%

1Y

-8.9%

DBK

€22.42

Deutsche Bank

7D

8.4%

1Y

48.4%

ENR

€68.24

Siemens Energy

7D

7.0%

1Y

256.8%