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German (DAX) Market Analysis & Valuation
UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies767
- 7D1.9%
- 3M8.5%
- 1Y7.5%
- YTD3.3%
The market is up 1.9% over the last week, with the Industrials sector leading the way, up 3.3%. The market is up 7.5% over the last 12 months. Earnings are forecast to grow by 16% annually.
Market Valuation and Performance
Has the German Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 23 Feb 2026 | €2.7t | €2.7t | €106.9b | 17.6x | 25.3x | 1x |
| Wed, 21 Jan 2026 | €2.6t | €2.7t | €103.7b | 18.1x | 25.3x | 1x |
| Fri, 19 Dec 2025 | €2.6t | €2.7t | €103.6b | 17.9x | 25x | 1x |
| Sun, 16 Nov 2025 | €2.5t | €2.7t | €104.8b | 17.7x | 24.2x | 0.9x |
| Tue, 14 Oct 2025 | €2.6t | €2.7t | €101.7b | 18.5x | 25.4x | 1x |
| Thu, 11 Sep 2025 | €2.5t | €2.7t | €101.8b | 18.2x | 25x | 0.9x |
| Sat, 09 Aug 2025 | €2.6t | €2.7t | €103.3b | 18.8x | 25.4x | 1x |
| Mon, 07 Jul 2025 | €2.5t | €2.7t | €103.8b | 19x | 24.5x | 0.9x |
| Wed, 04 Jun 2025 | €2.6t | €2.7t | €103.4b | 19.2x | 25.1x | 1x |
| Fri, 02 May 2025 | €2.5t | €2.7t | €111.3b | 18.5x | 22.4x | 0.9x |
| Sun, 30 Mar 2025 | €2.5t | €2.7t | €108.3b | 17.9x | 23x | 0.9x |
| Tue, 25 Feb 2025 | €2.5t | €2.7t | €112.0b | 17.1x | 22.4x | 0.9x |
| Thu, 23 Jan 2025 | €2.4t | €2.7t | €114.2b | 16.6x | 20.7x | 0.9x |
| Sat, 21 Dec 2024 | €2.3t | €2.7t | €114.1b | 15.3x | 19.8x | 0.8x |
| Mon, 18 Nov 2024 | €2.2t | €2.7t | €112.2b | 16.1x | 20x | 0.8x |
| Wed, 16 Oct 2024 | €2.3t | €2.7t | €119.0b | 16.4x | 19.3x | 0.9x |
| Fri, 13 Sep 2024 | €2.2t | €2.7t | €119.6b | 16.4x | 18.2x | 0.8x |
| Sun, 11 Aug 2024 | €2.1t | €2.7t | €117.1b | 17.1x | 18x | 0.8x |
| Tue, 09 Jul 2024 | €2.2t | €2.7t | €111.3b | 18.4x | 19.8x | 0.8x |
| Thu, 06 Jun 2024 | €2.2t | €2.7t | €110.9b | 18.1x | 20.3x | 0.8x |
| Sat, 04 May 2024 | €2.2t | €2.8t | €120.3b | 17.2x | 18.5x | 0.8x |
| Mon, 01 Apr 2024 | €2.3t | €2.8t | €119.2b | 17.1x | 19.3x | 0.8x |
| Wed, 28 Feb 2024 | €2.2t | €2.8t | €152.7b | 15.9x | 14.5x | 0.8x |
| Fri, 26 Jan 2024 | €2.1t | €2.9t | €148.2b | 16.5x | 14.5x | 0.8x |
| Sun, 24 Dec 2023 | €2.2t | €2.9t | €147.3b | 16.3x | 14.6x | 0.8x |
| Tue, 21 Nov 2023 | €2.1t | €2.9t | €150.5b | 15.9x | 13.9x | 0.7x |
| Thu, 19 Oct 2023 | €2.0t | €3.0t | €131.5b | 16x | 15.4x | 0.7x |
| Sat, 16 Sep 2023 | €2.1t | €3.0t | €131.2b | 16.4x | 16.3x | 0.7x |
| Mon, 14 Aug 2023 | €2.2t | €3.0t | €134.7b | 16.6x | 16x | 0.7x |
| Wed, 12 Jul 2023 | €2.1t | €3.0t | €138.8b | 16.7x | 15.5x | 0.7x |
| Fri, 09 Jun 2023 | €2.2t | €3.0t | €140.2b | 17.1x | 15.6x | 0.7x |
| Sun, 07 May 2023 | €2.2t | €3.0t | €137.6b | 17.5x | 16x | 0.7x |
| Tue, 04 Apr 2023 | €2.2t | €3.0t | €149.3b | 16.3x | 14.7x | 0.7x |
| Thu, 02 Mar 2023 | €2.1t | €2.9t | €158.3b | 15.6x | 13.6x | 0.7x |
Price to Earnings Ratio
13.6x
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 25.3x which is higher than its 3-year average PE of 19.6x.
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 2.3% 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 | 1.94% | |
| Real Estate | 3.92% | |
| Industrials | 3.34% | |
| Financials | 2.88% | |
| Tech | 1.79% | |
| Consumer Discretionary | 1.17% | |
| Healthcare | 0.94% | |
| Materials | 0.76% | |
| Consumer Staples | 0.039% | |
| Utilities | -0.023% | |
| Telecom | -0.31% | |
| Energy | -2.25% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 31.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 28.1% 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 55% over the next 5 years.
- This is better than its past earnings decline of 9.1% per year.
- In contrast, the Telecom sector is expected to see its earnings grow by 4.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| RHM Rheinmetall | €1.74k | 8.1% +€6.0b | 94.6% | PE92.6x | Industrials | |
| ALV Allianz | €379.20 | 3.4% +€4.7b | 18.4% | PE13.8x | Financials | |
| HEI Heidelberg Materials | €205.80 | 9.2% +€3.1b | 48.9% | PE19.5x | Materials | |
| DBK Deutsche Bank | €31.05 | 4.9% +€2.8b | 58.1% | PE9.6x | Financials | |
| ENR Siemens Energy | €165.25 | 1.9% +€2.7b | 185.1% | PE74.7x | Industrials |
