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German (DAX) Market Analysis & Valuation

UpdatedAug 18, 2025
DataAggregated Company Financials
Companies753
  • 7D0.4%
  • 3M-6.1%
  • 1Y16.2%
  • YTD4.5%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.4% in that time. As for the longer term, the market has risen 16% in the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Aug 2025€3.1t€2.7t€100.3b19x30.6x1.1x
Thu, 17 Jul 2025€2.6t€2.7t€104.4b18.7x24.6x1x
Sat, 14 Jun 2025€2.5t€2.7t€103.4b18.9x24.5x0.9x
Mon, 12 May 2025€2.6t€2.7t€107.2b19.2x23.9x1x
Wed, 09 Apr 2025€2.3t€2.7t€107.8b17.1x21x0.8x
Fri, 07 Mar 2025€2.6t€2.7t€124.3b17.4x20.9x1x
Sun, 02 Feb 2025€2.4t€2.7t€113.5b16.8x21.5x0.9x
Tue, 31 Dec 2024€2.3t€2.7t€114.3b15.9x19.8x0.8x
Thu, 28 Nov 2024€2.2t€2.7t€113.1b15.7x19.7x0.8x
Sat, 26 Oct 2024€2.3t€2.7t€119.7b16.2x19.2x0.9x
Mon, 23 Sep 2024€2.2t€2.7t€119.6b17x18.4x0.8x
Wed, 21 Aug 2024€2.2t€2.7t€118.4b16.9x18.4x0.8x
Fri, 19 Jul 2024€2.2t€2.7t€111.1b17.6x19.8x0.8x
Sun, 16 Jun 2024€2.2t€2.7t€110.8b17.6x19.6x0.8x
Tue, 14 May 2024€2.3t€2.7t€113.0b17.7x20.2x0.8x
Thu, 11 Apr 2024€2.3t€2.8t€119.5b17.1x19x0.8x
Sat, 09 Mar 2024€2.2t€2.8t€125.9b15.6x17.7x0.8x
Mon, 05 Feb 2024€2.2t€2.9t€148.0b16.2x14.6x0.8x
Wed, 03 Jan 2024€2.2t€2.9t€146.5b16.6x14.7x0.8x
Fri, 01 Dec 2023€2.1t€2.9t€147.6b15.9x14.3x0.7x
Sun, 29 Oct 2023€1.9t€3.0t€134.8b15.8x14.5x0.7x
Tue, 26 Sep 2023€2.1t€3.0t€131.2b16x15.9x0.7x
Thu, 24 Aug 2023€2.1t€3.0t€131.7b16.2x16.2x0.7x
Sat, 22 Jul 2023€2.2t€3.0t€138.6b16.8x15.8x0.7x
Mon, 19 Jun 2023€2.2t€3.0t€140.3b17.4x15.8x0.7x
Wed, 17 May 2023€2.2t€3.0t€137.3b17.3x15.8x0.7x
Fri, 14 Apr 2023€2.2t€3.0t€148.0b16.9x15x0.7x
Sun, 12 Mar 2023€2.2t€2.9t€154.3b16x14x0.7x
Tue, 07 Feb 2023€2.1t€2.6t€172.1b16.2x12.5x0.8x
Thu, 05 Jan 2023€2.0t€2.6t€173.5b16x11.5x0.8x
Sat, 03 Dec 2022€2.0t€2.6t€172.2b16.1x11.7x0.8x
Mon, 31 Oct 2022€1.9t€2.5t€170.8b14.8x10.9x0.7x
Wed, 28 Sep 2022€1.7t€2.5t€164.0b14.2x10.1x0.7x
Fri, 26 Aug 2022€1.9t€2.5t€163.5b15.7x11.4x0.7x
Price to Earnings Ratio

11.4x


Total Market Cap: €1.9tTotal Earnings: €163.5bTotal Revenue: €2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 17.3x202320242025
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 30.6x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for German listed companies have declined 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.7% 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 Market0.42%
Healthcare3.39%
Consumer Discretionary2.16%
Financials1.33%
Consumer Staples1.23%
Industrials0.83%
Telecom0.60%
Materials-0.19%
Real Estate-0.53%
Utilities-0.54%
Energy-3.37%
Tech-3.94%
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 31.4%, which is higher than its past year's earnings growth of 0.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 5.5% 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€31.083.7%
+€5.4b
23.2%PE12xTelecom
RHM Rheinmetall€1.65k6.6%
+€4.7b
199.0%PE89.4xIndustrials
SIE Siemens€233.552.4%
+€4.3b
42.2%PE23.1xIndustrials
ALV Allianz€373.502.6%
+€3.7b
38.5%PE14.2xFinancials
BAYN Bayer€27.677.6%
+€1.9b
-4.9%PS0.6xHealthcare
See more

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