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Dutch (AEX) Market Analysis & Valuation

UpdatedMar 18, 2025
DataAggregated Company Financials
Companies100
  • 7D1.3%
  • 3M2.3%
  • 1Y-2.1%
  • YTD3.3%

The market has climbed 1.3% in the last 7 days, lead by the Information Technology sector with a gain of 3.9%. Meanwhile, the Communication Services sector has underperformed, shrinking 3.3% in that time. As for last year, the market performance has been flat. As for the next few years, earnings are expected to grow by 13% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Mar 2025€1.0t€566.6b€58.5b18.4x17.5x1.8x
Fri, 14 Feb 2025€1.1t€571.3b€57.4b17.1x18.7x1.9x
Sun, 12 Jan 2025€992.8b€566.9b€51.9b16x19.1x1.8x
Tue, 10 Dec 2024€1.0t€561.8b€51.5b17.4x19.5x1.8x
Thu, 07 Nov 2024€960.6b€561.3b€51.0b17.5x18.8x1.7x
Sat, 05 Oct 2024€1.0t€561.5b€52.7b17.2x19.9x1.9x
Mon, 02 Sep 2024€1.1t€567.0b€40.1b16.6x26.3x1.9x
Wed, 31 Jul 2024€1.0t€562.7b€39.9b16.6x25.8x1.8x
Fri, 28 Jun 2024€1.1t€562.0b€41.2b16x27x2x
Sun, 26 May 2024€1.1t€561.5b€44.5b17.4x24.8x2x
Tue, 23 Apr 2024€1.0t€565.9b€45.2b16.1x22.1x1.8x
Thu, 21 Mar 2024€1.0t€546.8b€46.3b16.2x21.9x1.8x
Sat, 17 Feb 2024€1.0t€564.4b€49.0b16x20.6x1.8x
Mon, 15 Jan 2024€903.9b€590.3b€60.1b16.4x15x1.5x
Wed, 13 Dec 2023€911.6b€598.1b€60.5b15.7x15.1x1.5x
Fri, 10 Nov 2023€851.5b€601.3b€59.8b15.7x14.2x1.4x
Sun, 08 Oct 2023€818.5b€592.5b€50.4b15.7x16.3x1.4x
Tue, 05 Sep 2023€910.5b€588.1b€49.1b17.1x18.5x1.5x
Thu, 03 Aug 2023€916.2b€583.1b€53.7b16.2x17.1x1.6x
Sat, 01 Jul 2023€917.3b€584.1b€52.0b16.5x17.6x1.6x
Mon, 29 May 2023€893.7b€576.9b€47.7b16.9x18.7x1.5x
Wed, 26 Apr 2023€863.7b€573.3b€49.0b17.1x17.6x1.5x
Fri, 24 Mar 2023€882.8b€561.9b€50.2b15.9x17.6x1.6x
Sun, 19 Feb 2023€912.2b€554.7b€48.8b15.8x18.7x1.6x
Tue, 17 Jan 2023€901.3b€541.0b€53.9b14.7x16.7x1.7x
Thu, 15 Dec 2022€876.6b€543.1b€54.3b14.7x16.1x1.6x
Sat, 12 Nov 2022€847.3b€545.8b€67.8b13.6x12.5x1.6x
Mon, 10 Oct 2022€746.4b€511.3b€80.6b12.7x9.3x1.5x
Wed, 07 Sep 2022€763.0b€498.3b€69.9b12.8x10.9x1.5x
Fri, 05 Aug 2022€897.1b€534.1b€73.4b15x12.2x1.7x
Sun, 03 Jul 2022€790.4b€516.8b€75.0b14.4x10.5x1.5x
Tue, 31 May 2022€926.4b€512.1b€75.0b15.7x12.4x1.8x
Thu, 28 Apr 2022€912.2b€523.2b€74.1b17.1x12.3x1.7x
Sat, 26 Mar 2022€1.2t€719.9b€74.4b17.9x15.6x1.6x
Price to Earnings Ratio

15.6x


Total Market Cap: €1.2tTotal Earnings: €74.4bTotal Revenue: €719.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 17.6x202320242025
Current Market PE
  • Investors are relatively neutral on the Dutch market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.6x.
Past Earnings Growth
  • The earnings for companies in the Dutch industry have declined 7.7% per year over the last three years.
  • Revenues have also declined 7.7% 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 Dutch Market?

NL Market1.30%
Tech3.88%
Real Estate3.03%
Consumer Discretionary2.54%
Energy1.96%
Materials1.35%
Financials0.68%
Industrials0.067%
Utilities0%0
Consumer Staples-0.75%
Healthcare-1.06%
Telecom-3.28%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 40.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.9% which is higher than its past year's earnings decline of 3.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 54% over the next 5 years.
  • In contrast, the Real Estate 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€665.905.4%
+€13.3b		-23.4%PE34.6xTech
PRX Prosus€44.895.1%
+€5.0b		65.4%PE14.3xConsumer Discretionary
INGA ING Groep€18.743.0%
+€1.7b		29.0%PB1.1xFinancials
CCEP Coca-Cola Europacific Partners€78.303.4%
+€1.2b		19.7%PE25.4xConsumer Staples
ASM ASM International€450.005.6%
+€1.2b		-18.4%PE32.2xTech
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