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German (DAX) Market Analysis & Valuation

UpdatedFeb 13, 2025
DataAggregated Company Financials
Companies723
  • 7D2.1%
  • 3M10.7%
  • 1Y16.5%
  • YTD8.6%

The market has climbed 2.1% in the last 7 days, lead by the Industrials sector with a gain of 4.0%. In contrast, the Real Estate sector is lagging, dropping 3.4%. As for the past 12 months, the market is up 16%. Earnings are forecast to grow by 19% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Feb 2025€2.5t€2.7t€113.3b16.8x21.8x0.9x
Sat, 11 Jan 2025€2.3t€2.7t€114.5b16.7x20x0.8x
Mon, 09 Dec 2024€2.3t€2.7t€114.2b15.8x20.4x0.9x
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
Price to Earnings Ratio

15.7x


Total Market Cap: €2.2tTotal Earnings: €142.4bTotal Revenue: €2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 15.5x202320242025
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 21.8x which is higher than its 3-year average PE of 15.5x.
Past Earnings Growth
  • The earnings for German listed companies have declined 7.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% 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 Market2.08%
Materials5.03%
Industrials4.04%
Telecom3.53%
Tech2.97%
Financials2.20%
Consumer Staples1.37%
Energy0.84%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Healthcare-0.064%
Consumer Discretionary-0.12%
Utilities-1.68%
Real Estate-3.36%
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 31.2%, which is higher than its past year's earnings growth of 3.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 83% 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 8.2% 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€279.153.1%
+€9.7b
69.3%PE104xTech
SIE Siemens€212.055.4%
+€8.5b
28.5%PE20.2xIndustrials
DTE Deutsche Telekom€34.124.5%
+€7.1b
54.4%PE27.9xTelecom
ALV Allianz€323.103.2%
+€3.9b
32.1%PE13.2xFinancials
ENR Siemens Energy€60.148.4%
+€3.7b
327.1%PE40.1xIndustrials
See more
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