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German (DAX) Market Analysis & Valuation

UpdatedMay 07, 2025
DataAggregated Company Financials
Companies725
  • 7D2.5%
  • 3M4.9%
  • 1Y13.4%
  • YTD11.5%

Over the last 7 days, the market has risen 2.5%, driven by gains of 3.6% in the Industrials sector. The market is up 13% over the last 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 May 2025€2.5t€2.7t€107.7b18.6x23.6x0.9x
Fri, 04 Apr 2025€2.4t€2.7t€108.0b17.4x22.3x0.9x
Sun, 02 Mar 2025€2.5t€2.7t€125.6b16.6x20x0.9x
Tue, 28 Jan 2025€2.4t€2.7t€114.2b16.6x21x0.9x
Thu, 26 Dec 2024€2.3t€2.7t€114.2b15.5x19.8x0.8x
Sat, 23 Nov 2024€2.2t€2.7t€112.9b15.5x19.8x0.8x
Mon, 21 Oct 2024€2.3t€2.7t€119.0b16.3x19.5x0.9x
Wed, 18 Sep 2024€2.2t€2.7t€119.7b16.5x18.4x0.8x
Fri, 16 Aug 2024€2.2t€2.7t€118.7b17.4x18.2x0.8x
Sun, 14 Jul 2024€2.2t€2.7t€111.4b17.9x20.1x0.8x
Tue, 11 Jun 2024€2.2t€2.7t€110.9b18x20.2x0.8x
Thu, 09 May 2024€2.3t€2.7t€112.1b17.3x20.1x0.8x
Sat, 06 Apr 2024€2.3t€2.8t€119.4b17.1x19.1x0.8x
Mon, 04 Mar 2024€2.2t€2.9t€125.7b16x17.7x0.8x
Wed, 31 Jan 2024€2.2t€2.9t€148.3b16.3x14.6x0.8x
Fri, 29 Dec 2023€2.1t€2.9t€147.3b16.6x14.6x0.8x
Sun, 26 Nov 2023€2.1t€2.9t€148.0b16.2x14.2x0.7x
Tue, 24 Oct 2023€2.0t€3.0t€132.1b15.8x15x0.7x
Thu, 21 Sep 2023€2.1t€3.0t€131.2b16.1x16.2x0.7x
Sat, 19 Aug 2023€2.1t€3.0t€132.1b16.3x16x0.7x
Mon, 17 Jul 2023€2.2t€3.0t€138.9b16.8x15.8x0.7x
Wed, 14 Jun 2023€2.2t€3.0t€140.2b17.3x15.8x0.7x
Fri, 12 May 2023€2.2t€3.0t€143.2b17.1x15.1x0.7x
Sun, 09 Apr 2023€2.2t€3.0t€148.4b16.3x14.8x0.7x
Tue, 07 Mar 2023€2.2t€2.9t€155.7b15.6x14.1x0.8x
Thu, 02 Feb 2023€2.1t€2.6t€172.2b15.9x12.3x0.8x
Sat, 31 Dec 2022€1.9t€2.6t€173.5b15.7x11.1x0.7x
Mon, 28 Nov 2022€2.0t€2.6t€172.5b15.7x11.6x0.8x
Wed, 26 Oct 2022€1.9t€2.5t€169.3b14.7x11x0.7x
Fri, 23 Sep 2022€1.7t€2.5t€163.5b14.9x10.3x0.7x
Sun, 21 Aug 2022€1.9t€2.5t€164.1b16.3x11.6x0.8x
Tue, 19 Jul 2022€1.8t€2.6t€159.6b16x11.4x0.7x
Thu, 16 Jun 2022€1.9t€2.6t€159.4b16.9x12x0.7x
Sat, 14 May 2022€2.0t€2.6t€155.5b17.7x13x0.8x
Price to Earnings Ratio

13x


Total Market Cap: €2.0tTotal Earnings: €155.5bTotal Revenue: €2.6tTotal 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 23.6x which is higher than its 3-year average PE of 16.0x.
Past Earnings Growth
  • The earnings for German listed companies have declined 12% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market2.45%
Industrials3.64%
Tech3.57%
Financials3.38%
Energy2.98%
Telecom2.88%
Real Estate2.88%
Healthcare2.58%
Consumer Staples0.52%
Utilities0.41%
Materials-0.25%
Consumer Discretionary-0.39%
Sector PE
  • Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.9%, which is higher than its past year's earnings growth of 3.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings growth rate of 3.4% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 2.8% 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€264.353.8%
+€11.4b
51.6%PE53.8xTech
RHM Rheinmetall€1.65k13.2%
+€8.3b
211.1%PE88.9xIndustrials
ALV Allianz€377.604.4%
+€6.1b
38.6%PE14.8xFinancials
DTE Deutsche Telekom€32.013.6%
+€5.4b
47.4%PE13.9xTelecom
SIE Siemens€208.953.3%
+€5.2b
16.0%PE21.9xIndustrials
See more
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€11.16

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1Y

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SAP

€264.35

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3.8%

1Y

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RHM

€1,645.00

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1Y

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