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German (DAX) Market Analysis & Valuation

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies773
  • 7D-6.4%
  • 3M-1.4%
  • 1Y-1.7%
  • YTD-3.3%

Over the last 7 days, the market has dropped 6.4%, driven by a loss of 7.2% in the Industrials sector. On the other hand, the Energy has risen by 4.2%. Overall the market has been flat in the last 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
Sat, 07 Mar 2026€2.5t€2.7t€99.8b17.8x25.5x1x
Mon, 02 Feb 2026€2.6t€2.7t€105.5b17.8x25x1x
Wed, 31 Dec 2025€2.6t€2.7t€103.6b18.2x25.3x1x
Fri, 28 Nov 2025€2.5t€2.7t€104.4b17.7x24.3x0.9x
Sun, 26 Oct 2025€2.6t€2.7t€101.0b18.1x25.6x1x
Tue, 23 Sep 2025€2.5t€2.7t€101.8b18.4x24.7x0.9x
Thu, 21 Aug 2025€2.6t€2.7t€100.3b19x26.2x1x
Sat, 19 Jul 2025€2.6t€2.7t€104.3b18.4x24.8x1x
Mon, 16 Jun 2025€2.5t€2.7t€103.5b19.1x24.5x0.9x
Wed, 14 May 2025€2.6t€2.7t€107.3b19.3x24.1x1x
Fri, 11 Apr 2025€2.3t€2.7t€107.8b16.6x21.2x0.9x
Sun, 09 Mar 2025€2.6t€2.7t€124.9b17.2x20.5x0.9x
Tue, 04 Feb 2025€2.4t€2.7t€113.5b16.8x21.5x0.9x
Thu, 02 Jan 2025€2.3t€2.7t€114.5b15.9x19.8x0.8x
Sat, 30 Nov 2024€2.3t€2.7t€114.4b15.7x19.7x0.8x
Mon, 28 Oct 2024€2.3t€2.7t€118.0b16.4x19.5x0.9x
Wed, 25 Sep 2024€2.2t€2.7t€119.8b16.6x18.7x0.8x
Fri, 23 Aug 2024€2.2t€2.7t€118.4b16.3x18.5x0.8x
Sun, 21 Jul 2024€2.2t€2.7t€111.0b17.7x19.6x0.8x
Tue, 18 Jun 2024€2.2t€2.7t€110.8b17.2x19.7x0.8x
Thu, 16 May 2024€2.3t€2.7t€113.0b17.8x20.3x0.8x
Sat, 13 Apr 2024€2.2t€2.8t€119.7b17.2x18.8x0.8x
Mon, 11 Mar 2024€2.2t€2.8t€125.8b15.6x17.7x0.8x
Wed, 07 Feb 2024€2.2t€2.9t€149.8b15.9x14.4x0.8x
Fri, 05 Jan 2024€2.1t€2.9t€146.5b16.2x14.6x0.7x
Sun, 03 Dec 2023€2.1t€2.9t€147.4b16.1x14.5x0.7x
Tue, 31 Oct 2023€1.9t€3.0t€134.4b15.6x14.5x0.7x
Thu, 28 Sep 2023€2.0t€3.0t€131.1b15.8x15.6x0.7x
Sat, 26 Aug 2023€2.1t€3.0t€131.6b16.2x16.1x0.7x
Mon, 24 Jul 2023€2.2t€3.0t€133.4b16.9x16.3x0.7x
Wed, 21 Jun 2023€2.2t€3.0t€140.3b17.3x15.5x0.7x
Fri, 19 May 2023€2.2t€3.0t€137.0b17.4x15.8x0.7x
Sun, 16 Apr 2023€2.2t€3.0t€147.7b16.9x15.1x0.7x
Tue, 14 Mar 2023€2.1t€2.9t€153.7b15.5x13.7x0.7x
Price to Earnings Ratio

13.7x


Total Market Cap: €2.1tTotal Earnings: €153.7bTotal 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 13% per year over the last three years.
  • Revenues have also declined 2.9% 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-6.42%
Energy4.25%
Tech-2.07%
Telecom-2.71%
Utilities-3.09%
Financials-6.42%
Materials-7.13%
Industrials-7.22%
Real Estate-7.26%
Healthcare-8.74%
Consumer Discretionary-9.22%
Consumer Staples-13.41%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 45.3x.
    • 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€172.741.0%
+€2.1b		-32.1%PE28.2xTech
DB1 Deutsche Börse€242.104.2%
+€1.8b		-5.9%PE22.2xFinancials
HLAG Hapag-Lloyd€140.507.5%
+€1.7b		-3.8%PE16xIndustrials
1U1 1&1€25.455.2%
+€220.4m		80.8%PE35.3xTelecom
NEM Nemetschek€69.202.1%
+€161.7m		-38.7%PE39.1xTech
See more

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