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German (DAX) Market Analysis & Valuation

UpdatedApr 29, 2025
DataAggregated Company Financials
Companies728
  • 7D4.3%
  • 3M2.5%
  • 1Y11.0%
  • YTD8.3%

The market has climbed 4.3% in the last 7 days, lead by the Information Technology sector with a gain of 9.5%. In the last year, the market has climbed 11%. Earnings are forecast to grow by 15% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Apr 2025€2.5t€2.7t€110.9b18.4x22.4x0.9x
Fri, 28 Mar 2025€2.5t€2.7t€108.7b17.4x23.1x0.9x
Sun, 23 Feb 2025€2.5t€2.7t€112.1b16.7x22.2x0.9x
Tue, 21 Jan 2025€2.4t€2.7t€114.2b16.5x20.7x0.9x
Thu, 19 Dec 2024€2.3t€2.7t€114.2b15.5x20.1x0.8x
Sat, 16 Nov 2024€2.2t€2.7t€112.1b15.4x20x0.8x
Mon, 14 Oct 2024€2.3t€2.7t€119.0b16.5x19.2x0.8x
Wed, 11 Sep 2024€2.2t€2.7t€119.5b16.6x18x0.8x
Fri, 09 Aug 2024€2.1t€2.7t€115.8b17.1x18.2x0.8x
Sun, 07 Jul 2024€2.2t€2.7t€111.3b18.2x19.8x0.8x
Tue, 04 Jun 2024€2.2t€2.7t€110.9b18.2x20.3x0.8x
Thu, 02 May 2024€2.2t€2.8t€120.3b17.1x18.5x0.8x
Sat, 30 Mar 2024€2.3t€2.8t€119.7b16.6x19.2x0.8x
Mon, 26 Feb 2024€2.2t€2.8t€154.9b15.7x14.2x0.8x
Wed, 24 Jan 2024€2.1t€2.9t€146.5b16.4x14.5x0.7x
Fri, 22 Dec 2023€2.2t€2.9t€147.4b16.4x14.6x0.8x
Sun, 19 Nov 2023€2.1t€2.9t€150.5b15.9x13.9x0.7x
Tue, 17 Oct 2023€2.0t€3.0t€131.3b15.9x15.6x0.7x
Thu, 14 Sep 2023€2.1t€3.0t€131.2b16.3x16.1x0.7x
Sat, 12 Aug 2023€2.2t€3.0t€137.0b16.6x15.8x0.7x
Mon, 10 Jul 2023€2.1t€3.0t€138.8b16.8x15.3x0.7x
Wed, 07 Jun 2023€2.2t€3.0t€140.2b17x15.6x0.7x
Fri, 05 May 2023€2.2t€3.0t€146.5b17.5x14.9x0.7x
Sun, 02 Apr 2023€2.2t€3.0t€149.3b16.3x14.8x0.7x
Tue, 28 Feb 2023€2.2t€2.9t€158.1b15.7x13.6x0.8x
Thu, 26 Jan 2023€2.1t€2.6t€173.1b16x12.1x0.8x
Sat, 24 Dec 2022€1.9t€2.6t€172.9b15.6x11.1x0.7x
Mon, 21 Nov 2022€2.0t€2.7t€170.5b15.4x11.7x0.7x
Wed, 19 Oct 2022€1.8t€2.5t€169.2b14.3x10.7x0.7x
Fri, 16 Sep 2022€1.8t€2.5t€162.5b15.2x10.8x0.7x
Sun, 14 Aug 2022€1.9t€2.5t€154.2b16.6x12.6x0.8x
Tue, 12 Jul 2022€1.8t€2.6t€159.6b16.2x11.4x0.7x
Thu, 09 Jun 2022€2.1t€2.6t€159.5b18.1x13x0.8x
Sat, 07 May 2022€2.0t€2.5t€143.4b17.9x13.9x0.8x
Price to Earnings Ratio

13.9x


Total Market Cap: €2.0tTotal Earnings: €143.4bTotal Revenue: €2.5tTotal 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 22.2x which is higher than its 3-year average PE of 16.0x.
Past Earnings Growth
  • The earnings for German listed companies have declined 8.1% 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 Market4.31%
Tech14.16%
Industrials5.25%
Materials4.89%
Healthcare4.21%
Consumer Discretionary3.76%
Financials1.85%
Consumer Staples1.65%
Energy1.59%
Real Estate-0.72%
Utilities-1.10%
Telecom-2.42%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 41.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 3.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 57% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Utilities sector is expected to see its earnings decline by 2.1% 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€254.6016.5%
+€42.1b
50.0%PE51.8xTech
SIE Siemens€202.256.8%
+€10.1b
15.0%PE21.2xIndustrials
DBK Deutsche Bank€23.5512.1%
+€4.9b
56.9%PE16.4xFinancials
ENR Siemens Energy€69.769.3%
+€4.7b
261.5%PS1.5xIndustrials
IFX Infineon Technologies€29.319.9%
+€3.4b
-10.4%PE27.3xTech
See more
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Market Insights

The term ‘ Fiscal Dominance ’ has been popping up more in recent years, thanks to rising U.S. deficits. For the sake of your portfolio, this trend and its consequences are worth knowing about.

Latest News

DB1

€273.30

Deutsche Börse

7D

-1.5%

1Y

50.9%

SAP

€254.60

SAP

7D

16.5%

1Y

50.0%

MBG

€53.94

Mercedes-Benz Group

7D

4.9%

1Y

-24.0%

ZAL

€33.73

Zalando

7D

-4.4%

1Y

36.8%

VNA

€28.44

Vonovia

7D

-1.0%

1Y

4.6%

IFX

€29.31

Infineon Technologies

7D

9.9%

1Y

-10.4%

DBK

€23.55

Deutsche Bank

7D

12.1%

1Y

56.9%

ENR

€69.76

Siemens Energy

7D

9.3%

1Y

261.5%