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German (DAX) Market Analysis & Valuation

UpdatedOct 20, 2024
DataAggregated Company Financials
Companies726
  • 7D1.1%
  • 3M4.9%
  • 1Y18.9%
  • YTD8.2%

Over the last 7 days, the market has risen 1.1%, driven by gains of 2.1% in the Industrials sector. The market is up 19% 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
Sun, 20 Oct 2024€2.3t€2.7t€119.0b16.3x19.5x0.9x
Tue, 17 Sep 2024€2.2t€2.7t€119.6b16.2x18.3x0.8x
Thu, 15 Aug 2024€2.1t€2.7t€117.4b17.3x18.1x0.8x
Sat, 13 Jul 2024€2.2t€2.7t€111.3b17.9x20.1x0.8x
Mon, 10 Jun 2024€2.2t€2.7t€110.9b18.4x20.2x0.8x
Wed, 08 May 2024€2.3t€2.7t€113.9b17.4x19.8x0.8x
Fri, 05 Apr 2024€2.3t€2.8t€119.4b17.2x19.3x0.8x
Sun, 03 Mar 2024€2.2t€2.9t€125.7b15.9x17.7x0.8x
Tue, 30 Jan 2024€2.2t€2.9t€148.3b16.3x14.6x0.8x
Thu, 28 Dec 2023€2.2t€2.9t€147.3b16.6x14.6x0.8x
Sat, 25 Nov 2023€2.1t€2.9t€148.1b16.2x14.2x0.7x
Mon, 23 Oct 2023€2.0t€3.0t€132.1b15.6x15x0.7x
Wed, 20 Sep 2023€2.1t€3.0t€131.2b16.1x16.1x0.7x
Fri, 18 Aug 2023€2.1t€3.0t€132.1b16.4x16.2x0.7x
Sun, 16 Jul 2023€2.2t€3.0t€138.9b16.8x15.8x0.7x
Tue, 13 Jun 2023€2.2t€3.0t€140.2b17.4x15.7x0.7x
Thu, 11 May 2023€2.2t€3.0t€143.1b17.5x15.2x0.7x
Sat, 08 Apr 2023€2.2t€3.0t€148.4b16.3x14.8x0.7x
Mon, 06 Mar 2023€2.2t€2.9t€154.0b15.8x14.2x0.8x
Wed, 01 Feb 2023€2.1t€2.6t€172.2b15.9x12.2x0.8x
Fri, 30 Dec 2022€1.9t€2.6t€173.5b15.6x11.2x0.7x
Sun, 27 Nov 2022€2.0t€2.6t€170.8b15.7x11.7x0.8x
Tue, 25 Oct 2022€1.8t€2.5t€169.2b14.4x10.7x0.7x
Thu, 22 Sep 2022€1.7t€2.5t€163.5b15.1x10.6x0.7x
Sat, 20 Aug 2022€1.9t€2.5t€163.8b16.2x11.6x0.8x
Mon, 18 Jul 2022€1.8t€2.6t€159.6b16x11.4x0.7x
Wed, 15 Jun 2022€1.9t€2.6t€159.4b16.8x11.8x0.7x
Fri, 13 May 2022€2.0t€2.6t€144.2b17.5x13.9x0.8x
Sun, 10 Apr 2022€2.1t€2.5t€143.6b18.9x14.7x0.9x
Tue, 08 Mar 2022€1.9t€2.5t€142.1b17.9x13.6x0.8x
Thu, 03 Feb 2022€2.3t€2.4t€144.1b20x16.1x1x
Sat, 01 Jan 2022€2.4t€2.3t€141.0b20.9x17x1x
Mon, 29 Nov 2021€2.3t€2.3t€140.5b21.2x16.4x1x
Wed, 27 Oct 2021€2.4t€2.3t€114.5b22.7x21x1.1x
Price to Earnings Ratio

21x


Total Market Cap: €2.4tTotal Earnings: €114.5bTotal Revenue: €2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 15.2x202220232024
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 19.5x which is higher than its 3-year average PE of 15.2x.
Past Earnings Growth
  • The earnings for German listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 6.1% 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 Market1.13%
Telecom3.25%
Healthcare2.50%
Industrials2.10%
Tech1.71%
Financials1.35%
Consumer Staples0.54%
Real Estate0.056%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.056%
Energy-0.63%
Consumer Discretionary-1.17%
Utilities-2.11%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 35.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings growth of 7.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 92% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 7.0% 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
DTE Deutsche Telekom€28.284.2%
+€5.6b
40.0%PE28.1xTelecom
SAP SAP€212.852.0%
+€4.9b
71.8%PE96.8xTech
MRK Merck KGaA€164.704.9%
+€3.4b
10.7%PE27.3xHealthcare
HLAG Hapag-Lloyd€158.6011.7%
+€2.9b
1.5%PE36.4xIndustrials
ALV Allianz€304.302.4%
+€2.8b
40.0%PE13xFinancials
See more
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