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Dutch (AEX) Market Analysis & Valuation

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies99
  • 7D-0.6%
  • 3M9.2%
  • 1Y26.5%
  • YTD7.5%

The Materials sector gained 4.6% while the market remained flat over the last week. As for the longer term, the market has risen 26% in the past 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
Sun, 25 Jan 2026€1.3t€537.8b€54.6b17.2x23.2x2.4x
Tue, 23 Dec 2025€1.1t€540.8b€54.7b16.6x20.1x2x
Thu, 20 Nov 2025€1.1t€533.4b€53.6b16.8x20.2x2x
Sat, 18 Oct 2025€1.1t€531.6b€53.5b17.2x20.5x2.1x
Mon, 15 Sep 2025€1.0t€550.0b€67.6b16.7x15.2x1.9x
Wed, 13 Aug 2025€1.0t€547.1b€65.6b17x15.3x1.8x
Fri, 11 Jul 2025€1.1t€542.6b€62.0b19.7x16.9x1.9x
Sun, 08 Jun 2025€1.0t€543.6b€58.4b18.9x17.9x1.9x
Tue, 06 May 2025€989.6b€542.4b€57.4b18.2x17.2x1.8x
Thu, 03 Apr 2025€980.9b€544.3b€57.4b17.6x17.1x1.8x
Sat, 01 Mar 2025€1.1t€568.1b€59.3b19.1x17.7x1.9x
Mon, 27 Jan 2025€1.0t€565.1b€51.8b16.8x19.3x1.8x
Wed, 25 Dec 2024€988.3b€563.0b€51.6b16.1x19.2x1.8x
Fri, 22 Nov 2024€958.1b€562.0b€50.5b16.8x19x1.7x
Sun, 20 Oct 2024€1.0t€563.1b€52.8b18.2x19.2x1.8x
Tue, 17 Sep 2024€1.0t€566.7b€40.0b16.4x25.3x1.8x
Thu, 15 Aug 2024€1.0t€564.4b€40.2b15.3x25.3x1.8x
Sat, 13 Jul 2024€1.1t€560.6b€41.0b16.6x27.8x2x
Mon, 10 Jun 2024€1.1t€561.8b€44.5b17.6x25.2x2x
Wed, 08 May 2024€1.1t€561.9b€44.5b17.5x24.3x1.9x
Fri, 05 Apr 2024€1.1t€565.9b€45.3b16.6x23.2x1.9x
Sun, 03 Mar 2024€1.0t€569.8b€48.9b16.4x20.7x1.8x
Tue, 30 Jan 2024€970.7b€592.0b€60.5b16.6x16x1.6x
Thu, 28 Dec 2023€918.6b€593.5b€59.9b16.7x15.3x1.5x
Sat, 25 Nov 2023€880.0b€596.7b€59.3b15.7x14.8x1.5x
Mon, 23 Oct 2023€790.2b€593.5b€51.0b15.4x15.5x1.3x
Wed, 20 Sep 2023€868.1b€591.7b€50.1b17x17.3x1.5x
Fri, 18 Aug 2023€863.6b€576.0b€47.4b16.9x18.2x1.5x
Sun, 16 Jul 2023€940.7b€579.7b€51.5b16.9x18.3x1.6x
Tue, 13 Jun 2023€914.0b€586.9b€48.4b16.8x18.9x1.6x
Thu, 11 May 2023€878.5b€569.3b€45.9b17.2x19.1x1.5x
Sat, 08 Apr 2023€891.2b€567.6b€47.5b16.4x18.7x1.6x
Mon, 06 Mar 2023€902.7b€555.7b€44.8b16.1x20.2x1.6x
Wed, 01 Feb 2023€911.8b€542.6b€53.5b15.9x17x1.7x
Price to Earnings Ratio

17x


Total Market Cap: €911.8bTotal Earnings: €53.5bTotal Revenue: €542.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19.3x202420252026
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 23.2x which is higher than its 3-year average PE of 19.3x.
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 Market-0.62%
Materials4.61%
Energy4.14%
Tech1.09%
Utilities0%0
Telecom-1.03%
Consumer Staples-1.19%
Financials-1.75%
Industrials-2.26%
Healthcare-2.51%
Real Estate-3.95%
Consumer Discretionary-5.74%
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 14.5%, 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€1.18k0.9%
+€4.2b		68.1%PE48.1xTech
MT ArcelorMittal€45.979.2%
+€3.0b		93.9%PE16xMaterials
ASM ASM International€711.603.2%
+€1.1b		16.8%PE44.4xTech
KPN Koninklijke KPN€3.892.2%
+€325.1m		10.4%PE19xTelecom
SBMO SBM Offshore€30.606.4%
+€307.2m		71.7%PE17.1xEnergy
See more

Market Insights

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