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German (DAX) Market Analysis & Valuation

UpdatedDec 20, 2024
DataAggregated Company Financials
Companies726
  • 7D-2.6%
  • 3M3.2%
  • 1Y7.1%
  • YTD6.8%

Over the last 7 days, the market has dropped 2.6%, driven by pullbacks in every sector, especially the Industrials sector. In contrast to the last week, the market is actually up 7.1% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024€2.3t€2.7t€114.1b15.5x19.9x0.8x
Mon, 18 Nov 2024€2.2t€2.7t€112.2b16.1x20x0.8x
Wed, 16 Oct 2024€2.3t€2.7t€119.0b16.4x19.3x0.9x
Fri, 13 Sep 2024€2.2t€2.7t€119.6b16.4x18.2x0.8x
Sun, 11 Aug 2024€2.1t€2.7t€117.1b17.1x18x0.8x
Tue, 09 Jul 2024€2.2t€2.7t€111.3b18.4x19.8x0.8x
Thu, 06 Jun 2024€2.2t€2.7t€110.9b18.1x20.3x0.8x
Sat, 04 May 2024€2.2t€2.8t€120.3b17.2x18.5x0.8x
Mon, 01 Apr 2024€2.3t€2.8t€119.2b17.1x19.3x0.8x
Wed, 28 Feb 2024€2.2t€2.8t€152.7b15.9x14.5x0.8x
Fri, 26 Jan 2024€2.1t€2.9t€148.2b16.5x14.5x0.8x
Sun, 24 Dec 2023€2.2t€2.9t€147.3b16.3x14.6x0.8x
Tue, 21 Nov 2023€2.1t€2.9t€150.5b15.9x13.9x0.7x
Thu, 19 Oct 2023€2.0t€3.0t€131.5b16x15.4x0.7x
Sat, 16 Sep 2023€2.1t€3.0t€131.2b16.4x16.3x0.7x
Mon, 14 Aug 2023€2.2t€3.0t€134.7b16.6x16x0.7x
Wed, 12 Jul 2023€2.1t€3.0t€138.8b16.7x15.5x0.7x
Fri, 09 Jun 2023€2.2t€3.0t€140.2b17.1x15.6x0.7x
Sun, 07 May 2023€2.2t€3.0t€137.6b17.5x16x0.7x
Tue, 04 Apr 2023€2.2t€3.0t€149.3b16.3x14.7x0.7x
Thu, 02 Mar 2023€2.1t€2.9t€158.3b15.6x13.6x0.7x
Sat, 28 Jan 2023€2.1t€2.6t€173.1b16.2x12.2x0.8x
Mon, 26 Dec 2022€1.9t€2.6t€173.5b15.4x11x0.7x
Wed, 23 Nov 2022€2.0t€2.7t€170.3b15.4x11.7x0.7x
Fri, 21 Oct 2022€1.8t€2.5t€169.2b14.3x10.7x0.7x
Sun, 18 Sep 2022€1.7t€2.5t€162.5b15x10.7x0.7x
Tue, 16 Aug 2022€1.9t€2.7t€156.1b16.7x12.5x0.7x
Thu, 14 Jul 2022€1.8t€2.6t€159.6b16.1x11.3x0.7x
Sat, 11 Jun 2022€2.0t€2.6t€159.4b17.6x12.3x0.8x
Mon, 09 May 2022€2.0t€2.6t€143.0b17.9x14x0.8x
Wed, 06 Apr 2022€2.1t€2.5t€143.2b18.9x14.9x0.9x
Fri, 04 Mar 2022€2.1t€2.5t€140.9b18.5x14.6x0.8x
Sun, 30 Jan 2022€2.3t€2.4t€144.6b19.6x15.8x1x
Tue, 28 Dec 2021€2.4t€2.3t€141.1b20.7x16.9x1x
Price to Earnings Ratio

16.9x


Total Market Cap: €2.4tTotal Earnings: €141.1bTotal Revenue: €2.3tTotal 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 19.9x which is higher than its 3-year average PE of 15.3x.
Past Earnings Growth
  • The earnings for German listed companies have declined 6.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.3% 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-2.62%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.45%
Telecom-2.18%
Tech-2.18%
Industrials-2.45%
Consumer Staples-2.60%
Energy-2.76%
Consumer Discretionary-3.27%
Healthcare-3.58%
Utilities-4.12%
Materials-4.54%
Real Estate-6.56%
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 29.4%, which is higher than its past year's earnings growth of 6.1% 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 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
ENR Siemens Energy€50.703.7%
+€1.4b
348.7%PE33.8xIndustrials
FRA Fraport€58.309.1%
+€448.1m
5.9%PE11.8xIndustrials
SPG Springer Nature KGaA€26.744.9%
+€246.6m
n/aPE343.1xTelecom
CBK Commerzbank€15.250.9%
+€165.9m
41.6%PB0.5xFinancials
DB1 Deutsche Börse€223.800.4%
+€165.1m
21.6%PE22.2xFinancials
See more
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Market Insights

This is our last newsletter of the year and a good time to focus on the third of those principles - the investing lessons we can all take from 2024...

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ENR

€50.70

Siemens Energy

7D

3.7%

1Y

348.7%

EOAN

€11.12

E.ON

7D

-6.2%

1Y

-9.6%

BOSS

€43.57

Hugo Boss

7D

4.2%

1Y

-34.8%

CBK

€15.25

Commerzbank

7D

0.9%

1Y

41.6%

MBG

€53.45

Mercedes-Benz Group

7D

-5.4%

1Y

-15.0%

SAP

€236.75

SAP

7D

-1.8%

1Y

71.3%

DTE

€28.92

Deutsche Telekom

7D

-3.0%

1Y

32.8%

MUV2

€494.00

Münchener Rückversicherungs-Gesellschaft in München

7D

-4.5%

1Y

29.3%

ZO1

€266.00

zooplus

7D

6.4%

1Y

22.6%