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German (DAX) Market Analysis & Valuation

UpdatedAug 26, 2024
DataAggregated Company Financials
Companies734
  • 7D1.3%
  • 3M-2.3%
  • 1Y5.5%
  • YTD3.5%

The market is up 1.3% in the last 7 days, led by the Financials and Consumer Discretionary sectors. The market is up 5.5% over the last 12 months. Looking forward, earnings are forecast to grow by 20% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Aug 2024€2.2t€2.7t€118.4b16.6x18.6x0.8x
Wed, 24 Jul 2024€2.2t€2.7t€111.0b17.7x19.8x0.8x
Fri, 21 Jun 2024€2.2t€2.7t€110.7b17.1x19.8x0.8x
Sun, 19 May 2024€2.3t€2.7t€110.1b17.5x20.6x0.8x
Tue, 16 Apr 2024€2.3t€2.8t€119.1b17.1x18.9x0.8x
Thu, 14 Mar 2024€2.2t€2.8t€127.3b15.9x17.6x0.8x
Sat, 10 Feb 2024€2.1t€2.9t€149.3b16.1x14.4x0.8x
Mon, 08 Jan 2024€2.1t€2.9t€146.5b16.2x14.6x0.7x
Wed, 06 Dec 2023€2.1t€2.9t€147.4b15.9x14.6x0.7x
Fri, 03 Nov 2023€2.0t€2.9t€160.9b15.5x12.5x0.7x
Sun, 01 Oct 2023€2.1t€3.0t€131.0b16x15.8x0.7x
Tue, 29 Aug 2023€2.1t€3.0t€131.8b16.3x16.2x0.7x
Thu, 27 Jul 2023€2.2t€3.0t€138.4b16.9x15.9x0.7x
Sat, 24 Jun 2023€2.1t€3.0t€140.4b17.2x15.3x0.7x
Mon, 22 May 2023€2.2t€3.0t€136.8b17.3x16x0.7x
Wed, 19 Apr 2023€2.2t€3.0t€147.5b17.1x15.2x0.7x
Fri, 17 Mar 2023€2.1t€3.0t€151.8b16x13.9x0.7x
Sun, 12 Feb 2023€2.1t€2.6t€173.3b16x12.3x0.8x
Tue, 10 Jan 2023€2.0t€2.6t€172.9b16.3x11.9x0.8x
Thu, 08 Dec 2022€2.0t€2.6t€173.3b15.8x11.4x0.8x
Sat, 05 Nov 2022€1.9t€2.6t€170.2b15.1x11x0.7x
Mon, 03 Oct 2022€1.7t€2.5t€169.0b14.2x10.3x0.7x
Wed, 31 Aug 2022€1.8t€2.5t€162.4b15.5x11.2x0.7x
Fri, 29 Jul 2022€1.9t€2.6t€158.6b16.6x11.7x0.7x
Sun, 26 Jun 2022€1.9t€2.6t€159.4b16.3x11.6x0.7x
Tue, 24 May 2022€2.0t€2.6t€160.8b17.4x12.6x0.8x
Thu, 21 Apr 2022€2.1t€2.5t€143.5b19.1x14.8x0.9x
Sat, 19 Mar 2022€2.2t€2.5t€146.6b19.4x14.7x0.9x
Mon, 14 Feb 2022€2.3t€2.4t€142.5b20x16.1x1x
Wed, 12 Jan 2022€2.4t€2.3t€141.2b21x16.9x1x
Fri, 10 Dec 2021€2.3t€2.3t€141.2b20.4x16.6x1x
Sun, 07 Nov 2021€2.4t€2.3t€120.4b23x20.2x1.1x
Tue, 05 Oct 2021€2.3t€2.2t€114.5b22.4x20x1x
Thu, 02 Sep 2021€2.4t€2.2t€115.3b22.5x20.7x1.1x
Price to Earnings Ratio

20.7x


Total Market Cap: €2.4tTotal Earnings: €115.3bTotal Revenue: €2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 15.3x202220232024
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 18.6x which is higher than its 3-year average PE of 15.3x.
Past Earnings Growth
  • The earnings for German listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 6.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market1.32%
Energy3.28%
Financials2.84%
Consumer Staples2.45%
Materials2.35%
Consumer Discretionary2.24%
Real Estate2.11%
Industrials1.10%
Utilities0.66%
Telecom0.53%
Healthcare0.42%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Tech-0.43%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 34.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.5%, which is higher than its past year's earnings growth of 0.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 96% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 6.9% 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
ALV Allianz€276.102.4%
+€2.5b
22.9%PE11.9xFinancials
SIE Siemens€167.101.7%
+€2.2b
21.1%PE16.4xIndustrials
BAS BASF€44.954.3%
+€1.7b
-1.0%PS0.6xMaterials
MUV2 Münchener Rückversicherungs-Gesellschaft in München€475.002.6%
+€1.6b
33.4%PE10.6xFinancials
MBG Mercedes-Benz Group€62.092.3%
+€1.3b
-7.9%PE4.7xConsumer Discretionary
See more
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DBK

€14.70

Deutsche Bank

7D

3.9%

1Y

45.1%

RHM

€535.40

Rheinmetall

7D

-2.9%

1Y

115.2%

ALV

€276.10

Allianz

7D

2.4%

1Y

22.9%

EBK

€64.20

EnBW Energie Baden-Württemberg

7D

-4.5%

1Y

-23.0%

MUV2

€475.00

Münchener Rückversicherungs-Gesellschaft in München

7D

2.6%

1Y

33.4%

BMW

€84.46

Bayerische Motoren Werke

7D

2.1%

1Y

-12.6%

RDC

€122.50

Redcare Pharmacy

7D

-9.9%

1Y

14.2%

MBG

€62.09

Mercedes-Benz Group

7D

2.3%

1Y

-7.9%