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Dutch (AEX) Market Analysis & Valuation

UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies100
  • 7D5.2%
  • 3M12.6%
  • 1Y2.3%
  • YTD8.7%

In the last week, the market is up 5.2% led by Information Technology sector. As for last year, the market performance has been flat. Earnings are forecast to grow by 13% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Feb 2025€1.1t€571.8b€57.7b17.4x18.7x1.9x
Tue, 14 Jan 2025€982.0b€564.2b€51.7b16.1x19x1.7x
Thu, 12 Dec 2024€1.0t€562.2b€51.5b17.3x19.5x1.8x
Sat, 09 Nov 2024€967.5b€560.1b€50.4b17.3x19.2x1.7x
Mon, 07 Oct 2024€1.0t€561.5b€52.7b17.8x19.9x1.9x
Wed, 04 Sep 2024€1.0t€567.0b€40.1b16.7x25.9x1.8x
Fri, 02 Aug 2024€1.0t€565.0b€40.3b16.5x25.7x1.8x
Sun, 30 Jun 2024€1.1t€561.9b€41.2b16.1x26.9x2x
Tue, 28 May 2024€1.1t€472.7b€42.7b18.6x25.3x2.3x
Thu, 25 Apr 2024€1.0t€564.9b€45.0b16.4x22.7x1.8x
Sat, 23 Mar 2024€1.0t€547.6b€46.1b16.5x22.4x1.9x
Mon, 19 Feb 2024€1.0t€566.9b€48.5b16x20.9x1.8x
Wed, 17 Jan 2024€900.7b€590.9b€60.2b16.1x15x1.5x
Fri, 15 Dec 2023€924.2b€594.3b€60.1b16.3x15.4x1.6x
Sun, 12 Nov 2023€846.9b€599.0b€59.8b15.6x14.2x1.4x
Tue, 10 Oct 2023€813.0b€592.7b€50.4b15.7x16.1x1.4x
Thu, 07 Sep 2023€906.2b€588.7b€49.2b17x18.4x1.5x
Sat, 05 Aug 2023€913.5b€582.0b€53.4b16.2x17.1x1.6x
Mon, 03 Jul 2023€928.2b€582.3b€52.0b16.9x17.9x1.6x
Wed, 31 May 2023€884.0b€576.9b€47.7b16.7x18.5x1.5x
Fri, 28 Apr 2023€862.7b€572.9b€49.1b17.4x17.6x1.5x
Sun, 26 Mar 2023€865.7b€562.7b€50.3b16x17.2x1.5x
Tue, 21 Feb 2023€910.4b€553.4b€48.1b15.7x18.9x1.6x
Thu, 19 Jan 2023€904.7b€541.0b€53.9b15x16.8x1.7x
Sat, 17 Dec 2022€831.8b€543.5b€54.4b14.2x15.3x1.5x
Mon, 14 Nov 2022€847.3b€545.8b€67.8b13.8x12.5x1.6x
Wed, 12 Oct 2022€727.8b€511.9b€80.9b12.3x9x1.4x
Fri, 09 Sep 2022€797.9b€514.6b€73.6b13x10.8x1.6x
Sun, 07 Aug 2022€882.7b€538.8b€74.4b15.6x11.9x1.6x
Tue, 05 Jul 2022€792.9b€516.5b€74.9b14.5x10.6x1.5x
Thu, 02 Jun 2022€905.5b€513.3b€75.4b15x12x1.8x
Sat, 30 Apr 2022€930.7b€523.2b€74.0b16.7x12.6x1.8x
Mon, 28 Mar 2022€1.2t€719.8b€74.4b17.9x15.6x1.6x
Wed, 23 Feb 2022€1.4t€935.5b€90.3b18.3x15x1.4x
Price to Earnings Ratio

15x


Total Market Cap: €1.4tTotal Earnings: €90.3bTotal Revenue: €935.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 17.5x202320242025
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 17.5x.
Past Earnings Growth
  • The earnings for companies in the Dutch industry have declined 14% per year over the last three years.
  • Revenues have also declined 15% 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 Market5.19%
Consumer Discretionary10.20%
Consumer Staples7.80%
Materials5.86%
Financials5.23%
Telecom5.06%
Tech4.16%
Healthcare2.05%
Industrials1.10%
Utilities0%0
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Energy-0.43%
Real Estate-0.44%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 96.0x.
    • Analysts are expecting annual earnings growth of 26.3%, which is lower than the prior year's growth of 38.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 57% over the next 5 years.
  • In contrast, the Energy sector is expected to see its earnings decline by 2.2% 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
ASML ASML Holding€732.204.2%
+€11.5b
-16.3%PE38.1xTech
PRX Prosus€43.0310.7%
+€9.7b
48.6%PE13.3xConsumer Discretionary
ADYEN Adyen€1.84k18.5%
+€9.0b
22.0%PE62.6xFinancials
HEIA Heineken€79.4817.0%
+€6.5b
-10.6%PE45.5xConsumer Staples
UMG Universal Music Group€28.897.1%
+€3.5b
7.5%PE34.1xTelecom
See more
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ADYEN

€1,840.00

Adyen

7D

18.5%

1Y

22.0%

ARCAD

€52.25

Arcadis

7D

-4.0%

1Y

4.3%

DSFIR

€107.40

DSM-Firmenich

7D

12.5%

1Y

4.3%

AD

€34.18

Koninklijke Ahold Delhaize

7D

-2.8%

1Y

25.1%

HEIO

€69.25

Heineken Holding

7D

17.1%

1Y

-6.0%

HEIA

€79.48

Heineken

7D

17.0%

1Y

-10.6%

RAND

€37.94

Randstad

7D

-8.7%

1Y

-26.5%

PRX

€43.03

Prosus

7D

10.7%

1Y

48.6%

HAVAS

€1.53

Havas

7D

-4.4%

1Y

n/a

UMG

€28.89

Universal Music Group

7D

7.1%

1Y

7.5%

CTPNV

€16.12

CTP

7D

-1.3%

1Y

5.5%

SBMO

€17.83

SBM Offshore

7D

-2.6%

1Y

42.6%