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Dutch (AEX) Market Analysis & Valuation

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies100
  • 7D1.4%
  • 3M9.5%
  • 1Y25.6%
  • YTD4.4%

The market is up 1.4% over the last week, with the Information Technology sector leading the way, up 3.0%. The market is up 26% over the last 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026€1.2t€541.3b€54.8b16.9x21.8x2.2x
Thu, 11 Dec 2025€1.1t€533.3b€54.2b16.3x20.5x2.1x
Sat, 08 Nov 2025€1.1t€533.0b€53.8b16.1x20.2x2x
Mon, 06 Oct 2025€1.1t€534.7b€52.9b17.6x21.1x2.1x
Wed, 03 Sep 2025€983.3b€550.1b€67.2b16.6x14.6x1.8x
Fri, 01 Aug 2025€1.0t€545.8b€64.4b18.1x15.6x1.8x
Sun, 29 Jun 2025€1.0t€542.6b€62.0b19x16.8x1.9x
Tue, 27 May 2025€1.0t€543.7b€58.4b19.1x17.7x1.9x
Thu, 24 Apr 2025€952.0b€543.5b€58.2b16.6x16.4x1.8x
Sat, 22 Mar 2025€1.0t€567.5b€58.5b18.1x17.4x1.8x
Mon, 17 Feb 2025€1.1t€571.8b€57.7b17.4x18.7x1.9x
Wed, 15 Jan 2025€985.5b€566.6b€51.8b16.1x19x1.7x
Fri, 13 Dec 2024€1.0t€562.2b€51.5b17.2x19.5x1.8x
Sun, 10 Nov 2024€967.8b€560.3b€50.6b17.2x19.1x1.7x
Tue, 08 Oct 2024€1.0t€561.5b€52.7b17.9x19.8x1.9x
Thu, 05 Sep 2024€1.0t€566.8b€40.1b16.1x25.3x1.8x
Sat, 03 Aug 2024€982.1b€564.4b€40.5b15.7x24.3x1.7x
Mon, 01 Jul 2024€1.1t€561.9b€41.2b16.1x26.9x2x
Wed, 29 May 2024€1.1t€561.5b€44.5b18x24.9x2x
Fri, 26 Apr 2024€1.0t€564.8b€45.0b16.6x22.4x1.8x
Sun, 24 Mar 2024€1.0t€547.6b€46.0b16.4x22.5x1.9x
Tue, 20 Feb 2024€1.0t€566.7b€48.5b15.8x20.7x1.8x
Thu, 18 Jan 2024€893.7b€590.8b€60.2b15.9x14.8x1.5x
Sat, 16 Dec 2023€931.0b€595.1b€60.2b16.4x15.5x1.6x
Mon, 13 Nov 2023€846.9b€599.0b€59.8b15.6x14.2x1.4x
Wed, 11 Oct 2023€832.4b€592.4b€50.3b16.1x16.5x1.4x
Fri, 08 Sep 2023€888.6b€588.9b€49.2b17.1x18.1x1.5x
Sun, 06 Aug 2023€913.5b€573.8b€47.3b16.2x19.3x1.6x
Tue, 04 Jul 2023€931.9b€582.2b€52.0b16.9x17.9x1.6x
Thu, 01 Jun 2023€871.9b€577.5b€47.8b16.8x18.3x1.5x
Sat, 29 Apr 2023€867.4b€572.9b€49.0b17.4x17.7x1.5x
Mon, 27 Mar 2023€865.6b€562.7b€50.3b16x17.2x1.5x
Wed, 22 Feb 2023€900.0b€553.6b€48.2b15.7x18.7x1.6x
Fri, 20 Jan 2023€885.3b€541.2b€54.0b15.2x16.4x1.6x
Price to Earnings Ratio

16.4x


Total Market Cap: €885.3bTotal Earnings: €54.0bTotal Revenue: €541.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19.2x202420252026
Current Market PE
  • Investors are optimistic on the Dutch 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 19.2x.
Past Earnings Growth
  • Both revenue and earnings for Dutch listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the Dutch Market?

NL Market1.43%
Healthcare9.30%
Industrials5.12%
Tech3.01%
Real Estate2.39%
Energy1.90%
Consumer Staples0.71%
Materials0.60%
Utilities0%0
Financials-0.37%
Telecom-1.01%
Consumer Discretionary-1.64%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 38.7x.
    • Analysts are expecting annual earnings growth of 13.7%, which is lower than the prior year's growth of 36.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 30% over the next 5 years.
  • In contrast, the Telecom industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ASML ASML Holding€1.09k3.2%
+€12.9b		52.7%PE44.5xTech
ASM ASM International€626.408.6%
+€2.4b		6.9%PE39.1xTech
PRX Prosus€55.771.9%
+€2.3b		67.7%PE10.6xConsumer Discretionary
PHIA Koninklijke Philips€25.627.8%
+€1.8b		2.2%PE140.8xHealthcare
MT ArcelorMittal€41.154.3%
+€1.3b		89.2%PE14.1xMaterials
See more

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