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German (DAX) Market Analysis & Valuation

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies775
  • 7D-0.6%
  • 3M-2.8%
  • 1Y-1.8%
  • YTD-3.9%

In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 6.5%. In line with that, the market has also been flat 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
Sun, 15 Mar 2026€2.5t€2.6t€100.0b17.9x25.3x1x
Tue, 10 Feb 2026€2.7t€2.7t€106.2b17.4x25.2x1x
Thu, 08 Jan 2026€2.7t€2.7t€103.6b18.2x25.9x1x
Sat, 06 Dec 2025€2.6t€2.7t€101.9b18.1x25.3x1x
Mon, 03 Nov 2025€2.5t€2.7t€97.7b18x26.1x0.9x
Wed, 01 Oct 2025€2.5t€2.7t€101.7b18.7x25x0.9x
Fri, 29 Aug 2025€2.6t€2.7t€101.1b18.9x25.8x1x
Sun, 27 Jul 2025€2.6t€2.7t€106.2b18.9x24.5x1x
Tue, 24 Jun 2025€2.5t€2.7t€103.6b18.6x24.1x0.9x
Thu, 22 May 2025€2.6t€2.7t€103.5b19x25.3x1x
Sat, 19 Apr 2025€2.4t€2.7t€107.8b17.6x22x0.9x
Mon, 17 Mar 2025€2.5t€2.7t€123.5b17.2x20.6x0.9x
Wed, 12 Feb 2025€2.5t€2.7t€113.3b16.7x21.8x0.9x
Fri, 10 Jan 2025€2.3t€2.7t€114.5b16.2x20.1x0.8x
Sun, 08 Dec 2024€2.3t€2.7t€114.2b15.8x20.4x0.9x
Tue, 05 Nov 2024€2.2t€2.7t€115.9b15.5x19.3x0.8x
Thu, 03 Oct 2024€2.3t€2.7t€119.8b16.4x19x0.8x
Sat, 31 Aug 2024€2.2t€2.7t€119.6b17x18.7x0.8x
Mon, 29 Jul 2024€2.2t€2.7t€109.6b17.7x20x0.8x
Wed, 26 Jun 2024€2.2t€2.7t€110.7b17.1x19.7x0.8x
Fri, 24 May 2024€2.3t€2.7t€110.9b17.5x20.3x0.8x
Sun, 21 Apr 2024€2.2t€2.8t€119.5b17.2x18.5x0.8x
Tue, 19 Mar 2024€2.2t€2.8t€122.2b16.3x18.3x0.8x
Thu, 15 Feb 2024€2.1t€2.9t€152.2b16.2x14.1x0.8x
Sat, 13 Jan 2024€2.1t€2.9t€146.5b16.7x14.6x0.7x
Mon, 11 Dec 2023€2.2t€2.9t€147.6b16.1x14.6x0.8x
Wed, 08 Nov 2023€2.0t€2.9t€161.2b15.6x12.5x0.7x
Fri, 06 Oct 2023€2.0t€3.0t€131.3b15.7x15.5x0.7x
Sun, 03 Sep 2023€2.1t€3.0t€130.4b16.1x16.4x0.7x
Tue, 01 Aug 2023€2.2t€3.0t€136.8b17x16.3x0.7x
Thu, 29 Jun 2023€2.1t€3.0t€140.4b17.2x15.3x0.7x
Sat, 27 May 2023€2.2t€3.0t€140.1b16.8x15.5x0.7x
Mon, 24 Apr 2023€2.2t€3.0t€147.1b17.2x15.2x0.7x
Wed, 22 Mar 2023€2.1t€3.0t€150.5b16.1x14.3x0.7x
Price to Earnings Ratio

14.3x


Total Market Cap: €2.1tTotal Earnings: €150.5bTotal Revenue: €3.0tTotal 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%
Energy4.99%
Telecom0.68%
Financials0.54%
Materials0.18%
Consumer Discretionary-0.69%
Healthcare-0.90%
Industrials-1.51%
Tech-2.34%
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

Market Insights

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