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German (DAX) Market Analysis & Valuation

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies771
  • 7D-3.6%
  • 3M1.8%
  • 1Y0.7%
  • YTD-0.8%

Over the last 7 days, the market has dropped 3.6%, driven by a loss of 3.5% in the Industrials sector. Overall the market has been flat in the last year. Looking forward, earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026€2.6t€2.7t€104.0b17.9x25.1x1x
Sat, 31 Jan 2026€2.6t€2.7t€105.4b17.8x25x1x
Mon, 29 Dec 2025€2.6t€2.7t€103.6b18x25.1x1x
Wed, 26 Nov 2025€2.5t€2.7t€104.6b17.7x23.9x0.9x
Fri, 24 Oct 2025€2.6t€2.7t€102.2b18.1x25.2x1x
Sun, 21 Sep 2025€2.5t€2.7t€101.9b18.4x24.8x0.9x
Tue, 19 Aug 2025€2.6t€2.7t€100.3b18.9x26.2x1x
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
Price to Earnings Ratio

14x


Total Market Cap: €2.2tTotal Earnings: €154.3bTotal Revenue: €2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 19.7x202420252026
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 25.1x which is higher than its 3-year average PE of 19.7x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 12% per year over the last three years.
  • Revenues have also declined 2.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the German Market?

DE Market-3.60%
Energy0.21%
Tech-0.50%
Telecom-1.22%
Utilities-1.92%
Financials-3.40%
Industrials-3.49%
Healthcare-3.95%
Real Estate-4.97%
Materials-6.00%
Consumer Discretionary-6.27%
Consumer Staples-11.17%
Sector PE
  • Investors favour the Consumer Discretionary 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 24.3% which is higher than its past year's earnings decline of 8.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 6.5% 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
DB1 Deutsche Börse€240.7010.1%
+€4.1b		-5.9%PE22.1xFinancials
HLAG Hapag-Lloyd€141.7012.5%
+€2.8b		-3.1%PE16.2xIndustrials
SAP SAP€167.380.4%
+€1.2b		-36.8%PE27.3xTech
1COV Covestro€60.16-0.7%
€1.1b		3.4%PS1xMaterials
AIXA AIXTRON€30.4125.4%
+€697.5m		149.1%PE40.2xTech
See more

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