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German (DAX) Market Analysis & Valuation

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies727
  • 7D-1.0%
  • 3M4.4%
  • 1Y16.1%
  • YTD5.6%

The market has been flat in the last week, however the Healthcare sector is down 4.5%. More promisingly, the market is up 16% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024€2.3t€2.7t€118.1b15.6x19.1x0.8x
Sat, 28 Sep 2024€2.3t€2.7t€119.8b16.7x19.2x0.9x
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
Price to Earnings Ratio

20.2x


Total Market Cap: €2.4tTotal Earnings: €120.4bTotal 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 19.1x 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 5.9% 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 Market-0.98%
Telecom1.02%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-0.15%
Tech-0.18%
Real Estate-0.23%
Industrials-0.39%
Utilities-0.87%
Financials-0.93%
Consumer Staples-1.06%
Consumer Discretionary-1.46%
Materials-1.48%
Healthcare-4.52%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 35.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.4%, 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 93% 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 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
DTE Deutsche Telekom€28.071.5%
+€2.0b
35.3%PE27.8xTelecom
ENR Siemens Energy€37.874.5%
+€1.3b
358.8%PE51.3xIndustrials
SAP SAP€219.550.4%
+€1.0b
71.8%PE93xTech
ADS adidas€220.802.2%
+€857.0m
32.2%PE103.5xConsumer Discretionary
GIB GSW Immobilien€92.0017.9%
+€793.5m
29.6%n/aReal Estate
See more
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MRK

€151.15

Merck KGaA

7D

-4.8%

1Y

5.4%

MBG

€56.40

Mercedes-Benz Group

7D

-2.0%

1Y

0.8%

SIE

€179.48

Siemens

7D

-0.9%

1Y

43.0%

DBK

€15.50

Deutsche Bank

7D

-4.2%

1Y

48.2%

SAP

€219.55

SAP

7D

0.4%

1Y

71.8%

HEI

€101.20

Heidelberg Materials

7D

3.8%

1Y

45.9%

ENR

€37.87

Siemens Energy

7D

4.5%

1Y

358.8%

GIB

€92.00

GSW Immobilien

7D

7.0%

1Y

29.6%