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German (DAX) Market Analysis & Valuation

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies772
  • 7D-6.4%
  • 3M-1.3%
  • 1Y-1.7%
  • YTD-3.3%

Over the last 7 days, the market has dropped 6.4%, driven by a pullback of 7.2% in the Industrials sector. In contrast, the Energy sector has actually gained 4.3%. Although the market performance has 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
Mon, 09 Mar 2026€2.5t€2.7t€99.6b17.8x25.5x1x
Wed, 04 Feb 2026€2.7t€2.7t€105.5b18x25.2x1x
Fri, 02 Jan 2026€2.6t€2.7t€103.6b18.2x25.3x1x
Sun, 30 Nov 2025€2.5t€2.7t€104.4b17.8x24.4x0.9x
Tue, 28 Oct 2025€2.6t€2.7t€101.0b18.2x25.6x1x
Thu, 25 Sep 2025€2.5t€2.7t€101.8b18.4x24.8x0.9x
Sat, 23 Aug 2025€2.6t€2.7t€100.3b19.4x26.3x1x
Mon, 21 Jul 2025€2.6t€2.7t€104.3b18.4x24.8x1x
Wed, 18 Jun 2025€2.5t€2.7t€103.5b18.9x24.4x0.9x
Fri, 16 May 2025€2.6t€2.7t€102.3b19.4x25.2x1x
Sun, 13 Apr 2025€2.3t€2.7t€107.8b16.6x21.1x0.8x
Tue, 11 Mar 2025€2.5t€2.7t€125.8b17x20.1x0.9x
Thu, 06 Feb 2025€2.4t€2.7t€113.2b16.7x21.3x0.9x
Sat, 04 Jan 2025€2.3t€2.7t€114.5b16.1x19.8x0.8x
Mon, 02 Dec 2024€2.3t€2.7t€114.2b15.5x19.7x0.8x
Wed, 30 Oct 2024€2.3t€2.7t€118.1b16.1x19.4x0.8x
Fri, 27 Sep 2024€2.3t€2.7t€119.8b16.4x19x0.8x
Sun, 25 Aug 2024€2.2t€2.7t€118.4b16.6x18.6x0.8x
Tue, 23 Jul 2024€2.2t€2.7t€111.0b18.1x19.8x0.8x
Thu, 20 Jun 2024€2.2t€2.7t€110.7b17.1x19.6x0.8x
Sat, 18 May 2024€2.3t€2.7t€109.7b17.5x20.6x0.8x
Mon, 15 Apr 2024€2.2t€2.8t€119.1b17.2x18.9x0.8x
Wed, 13 Mar 2024€2.3t€2.8t€126.2b16x17.8x0.8x
Fri, 09 Feb 2024€2.2t€2.9t€149.2b16.1x14.5x0.8x
Sun, 07 Jan 2024€2.1t€2.9t€146.5b16.2x14.6x0.7x
Tue, 05 Dec 2023€2.1t€2.9t€147.4b16x14.5x0.7x
Thu, 02 Nov 2023€2.0t€3.0t€160.6b15.5x12.2x0.7x
Sat, 30 Sep 2023€2.1t€3.0t€131.0b16x15.8x0.7x
Mon, 28 Aug 2023€2.1t€3.0t€131.8b16.2x16.1x0.7x
Wed, 26 Jul 2023€2.2t€3.0t€138.5b16.8x15.9x0.7x
Fri, 23 Jun 2023€2.2t€3.0t€140.4b17.4x15.4x0.7x
Sun, 21 May 2023€2.2t€3.0t€136.9b17.3x16x0.7x
Tue, 18 Apr 2023€2.2t€3.0t€147.5b17x15.2x0.7x
Thu, 16 Mar 2023€2.1t€2.9t€154.9b15.8x13.4x0.7x
Price to Earnings Ratio

13.4x


Total Market Cap: €2.1tTotal Earnings: €154.9bTotal 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 25.5x 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 14% per year over the last three years.
  • Revenues have also declined 3.1% 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-6.41%
Energy4.25%
Tech-2.07%
Telecom-2.71%
Utilities-3.09%
Financials-6.42%
Materials-7.13%
Industrials-7.22%
Real Estate-7.24%
Healthcare-8.69%
Consumer Discretionary-9.22%
Consumer Staples-13.42%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 45.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 21.6%, which is higher than its past year's earnings growth of 11.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 52% 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
SAP SAP€171.902.9%
+€5.6b		-29.0%PE28xTech
DB1 Deutsche Börse€242.303.9%
+€1.6b		-7.9%PE22.3xFinancials
EBK EnBW Energie Baden-Württemberg€70.006.7%
+€1.4b		4.5%PE89.4xUtilities
OHB OHB€257.0018.4%
+€766.1m		244.5%PE801.2xIndustrials
G24 Scout24€74.205.5%
+€272.1m		-21.6%PE21.8xTelecom
See more

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