Header cover image

German (DAX) Market Analysis & Valuation

UpdatedNov 06, 2024
DataAggregated Company Financials
Companies725
  • 7D-1.3%
  • 3M7.2%
  • 1Y13.9%
  • YTD5.5%

Over the last 7 days, the market has dropped 1.3%, driven by a pullback of 3.7% in the Information Technology sector. As for the longer term, the market has actually risen by 14% in the last year. 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
Wed, 06 Nov 2024€2.3t€2.7t€115.5b15.4x19.5x0.8x
Fri, 04 Oct 2024€2.3t€2.7t€119.9b16.3x18.9x0.8x
Sun, 01 Sep 2024€2.2t€2.7t€119.4b17x18.7x0.8x
Tue, 30 Jul 2024€2.2t€2.7t€109.6b17.8x20x0.8x
Thu, 27 Jun 2024€2.2t€2.7t€110.8b17.1x19.7x0.8x
Sat, 25 May 2024€2.3t€2.7t€110.9b17.4x20.3x0.8x
Mon, 22 Apr 2024€2.2t€2.8t€119.5b17.2x18.5x0.8x
Wed, 20 Mar 2024€2.2t€2.8t€122.3b16.3x18.4x0.8x
Fri, 16 Feb 2024€2.2t€2.9t€152.1b15.9x14.2x0.8x
Sun, 14 Jan 2024€2.1t€2.9t€146.5b16.7x14.6x0.7x
Tue, 12 Dec 2023€2.2t€2.9t€147.6b16.2x14.6x0.8x
Thu, 09 Nov 2023€2.0t€2.9t€160.8b15.6x12.6x0.7x
Sat, 07 Oct 2023€2.1t€3.0t€131.4b15.7x15.6x0.7x
Mon, 04 Sep 2023€2.1t€3.0t€130.4b16.1x16.4x0.7x
Wed, 02 Aug 2023€2.2t€3.0t€136.8b16.7x16.2x0.7x
Fri, 30 Jun 2023€2.2t€3.0t€140.4b17.2x15.4x0.7x
Sun, 28 May 2023€2.2t€3.0t€140.1b16.8x15.5x0.7x
Tue, 25 Apr 2023€2.2t€3.0t€147.1b17.2x15.2x0.7x
Thu, 23 Mar 2023€2.1t€3.0t€150.9b15.7x14.2x0.7x
Sat, 18 Feb 2023€2.2t€2.6t€174.3b16.3x12.4x0.8x
Mon, 16 Jan 2023€2.1t€2.6t€173.0b16.2x12.1x0.8x
Wed, 14 Dec 2022€2.0t€2.6t€173.4b16x11.5x0.8x
Fri, 11 Nov 2022€2.0t€2.6t€169.7b15.3x11.7x0.8x
Sun, 09 Oct 2022€1.8t€2.5t€169.1b13.9x10.4x0.7x
Tue, 06 Sep 2022€1.8t€2.5t€162.5b15x10.8x0.7x
Thu, 04 Aug 2022€1.9t€2.6t€158.0b16.4x12.2x0.7x
Sat, 02 Jul 2022€1.8t€2.6t€159.4b16.2x11.4x0.7x
Mon, 30 May 2022€2.1t€2.6t€159.5b17.6x13x0.8x
Wed, 27 Apr 2022€2.0t€2.5t€142.9b18.6x14.2x0.8x
Fri, 25 Mar 2022€2.1t€2.5t€145.0b19.2x14.7x0.9x
Sun, 20 Feb 2022€2.2t€2.4t€142.4b20x15.7x0.9x
Tue, 18 Jan 2022€2.4t€2.4t€144.4b20.7x16.5x1x
Thu, 16 Dec 2021€2.3t€2.3t€141.1b20.2x16.5x1x
Sat, 13 Nov 2021€2.4t€2.3t€127.9b22.8x18.9x1.1x
Price to Earnings Ratio

18.9x


Total Market Cap: €2.4tTotal Earnings: €127.9bTotal 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 declined 3.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.8% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market-1.30%
Materials0.33%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.33%
Industrials-0.52%
Telecom-0.82%
Consumer Staples-0.97%
Real Estate-1.10%
Healthcare-1.43%
Consumer Discretionary-1.60%
Utilities-1.70%
Energy-1.92%
Tech-3.74%
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 33.0%, which is higher than its past year's earnings growth of 1.1% 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
SIE Siemens€184.001.6%
+€2.3b
42.8%PE18xIndustrials
HLAG Hapag-Lloyd€170.703.6%
+€1.1b
50.9%PE39.2xIndustrials
HEI Heidelberg Materials€105.154.3%
+€768.0m
56.2%PE10.1xMaterials
GIB GSW Immobilien€85.0018.1%
+€736.8m
19.7%n/aReal Estate
ENR Siemens Energy€38.952.3%
+€680.3m
317.7%PE52.8xIndustrials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Whoever is running nuclear power’s public relations team, they’ve done a great job these last few years. With trends in global power consumption rapidly going up...

Latest News

BMW

€67.84

Bayerische Motoren Werke

7D

-7.6%

1Y

-26.3%

FME

€39.05

Fresenius Medical Care

7D

10.4%

1Y

21.4%

SIE

€184.10

Siemens

7D

2.6%

1Y

41.7%

BAYN

€23.95

Bayer

7D

-4.2%

1Y

-42.2%

MBG

€52.30

Mercedes-Benz Group

7D

-7.3%

1Y

-9.0%

DBK

€16.17

Deutsche Bank

7D

4.3%

1Y

53.4%

SAP

€212.95

SAP

7D

-3.0%

1Y

59.9%

HEI

€107.75

Heidelberg Materials

7D

6.5%

1Y

56.3%

FRE

€34.72

Fresenius SE KGaA

7D

4.4%

1Y

34.9%

GIB

€85.00

GSW Immobilien

7D

18.1%

1Y

19.7%