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Dutch (AEX) Market Analysis & Valuation

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies99
  • 7D2.6%
  • 3M4.7%
  • 1Y6.1%
  • YTD7.5%

Over the last 7 days, the market has risen 2.6%, driven by gains of 8.2% in the Information Technology sector. The market is up 6.1% over the last 12 months. Looking forward, earnings are forecast to grow by 8.0% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025€1.0t€549.5b€67.5b16.4x15.5x1.9x
Sat, 16 Aug 2025€1.0t€547.5b€65.7b16.8x15.4x1.8x
Mon, 14 Jul 2025€1.0t€542.7b€62.1b19.7x16.8x1.9x
Wed, 11 Jun 2025€1.1t€543.4b€58.4b19.4x18.2x2x
Fri, 09 May 2025€1.0t€544.5b€58.7b18.5x17.1x1.8x
Sun, 06 Apr 2025€911.5b€543.6b€57.3b16.5x15.9x1.7x
Tue, 04 Mar 2025€1.0t€567.2b€59.2b18.2x17.7x1.9x
Thu, 30 Jan 2025€989.2b€565.6b€51.8b17.1x19.1x1.7x
Sat, 28 Dec 2024€991.0b€562.8b€51.6b16.1x19.2x1.8x
Mon, 25 Nov 2024€969.3b€562.3b€50.7b16.7x19.1x1.7x
Wed, 23 Oct 2024€1.0t€563.5b€52.8b18.1x19.1x1.8x
Fri, 20 Sep 2024€1.0t€566.6b€40.0b16.1x25.8x1.8x
Sun, 18 Aug 2024€1.0t€564.7b€40.3b15.5x25.9x1.9x
Tue, 16 Jul 2024€1.1t€560.7b€41.0b16.3x27.5x2x
Thu, 13 Jun 2024€1.1t€561.8b€44.5b17.5x25.1x2x
Sat, 11 May 2024€1.1t€561.8b€44.3b18.7x24.5x1.9x
Mon, 08 Apr 2024€1.0t€565.8b€45.3b16.4x23.2x1.9x
Wed, 06 Mar 2024€1.0t€567.0b€48.8b16.7x20.7x1.8x
Fri, 02 Feb 2024€969.6b€579.1b€52.6b16.3x18.4x1.7x
Sun, 31 Dec 2023€917.1b€594.0b€60.0b16.8x15.3x1.5x
Tue, 28 Nov 2023€876.7b€596.7b€59.3b15.8x14.8x1.5x
Thu, 26 Oct 2023€801.7b€593.7b€52.7b15.5x15.2x1.4x
Sat, 23 Sep 2023€825.9b€591.9b€50.2b16.7x16.4x1.4x
Mon, 21 Aug 2023€860.9b€572.9b€47.4b16.5x18.2x1.5x
Wed, 19 Jul 2023€930.4b€579.8b€51.4b16.9x18.1x1.6x
Fri, 16 Jun 2023€926.2b€585.4b€48.2b17x19.2x1.6x
Sun, 14 May 2023€881.8b€574.2b€47.6b17.1x18.5x1.5x
Tue, 11 Apr 2023€891.2b€567.6b€47.5b16.4x18.8x1.6x
Thu, 09 Mar 2023€892.0b€541.4b€43.8b15.9x20.4x1.6x
Sat, 04 Feb 2023€933.6b€543.1b€53.5b15.2x17.4x1.7x
Mon, 02 Jan 2023€811.2b€542.1b€54.2b14.1x15x1.5x
Wed, 30 Nov 2022€852.3b€546.2b€54.8b14.4x15.6x1.6x
Fri, 28 Oct 2022€765.4b€510.8b€77.3b13.5x9.9x1.5x
Sun, 25 Sep 2022€744.3b€514.2b€74.3b12.3x10x1.4x
Price to Earnings Ratio

10x


Total Market Cap: €744.3bTotal Earnings: €74.3bTotal Revenue: €514.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 18.4x202320242025
Current Market PE
  • Investors are pessimistic on the Dutch market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 15.5x which is lower than its 3-year average PE of 18.4x.
Past Earnings Growth
  • The earnings for Dutch listed companies have declined 3.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Dutch Market?

NL Market2.62%
Tech8.15%
Consumer Discretionary5.01%
Industrials1.79%
Utilities0%0
Financials-0.19%
Consumer Staples-0.68%
Real Estate-0.86%
Telecom-1.91%
Healthcare-2.00%
Materials-2.14%
Energy-3.03%
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 38.9x.
    • Analysts are expecting annual earnings growth of 10.7%, which is lower than the prior year's growth of 23.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 34% over the next 5 years.
  • In contrast, the Telecom sector is expected to see its earnings decline by 2.6% 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€737.008.4%
+€22.0b
3.1%PE30.3xTech
PRX Prosus€56.275.3%
+€6.2b
73.0%PE11.8xConsumer Discretionary
ASM ASM International€459.708.4%
+€1.7b
-17.9%PE42.6xTech
WKL Wolters Kluwer€109.954.2%
+€1.0b
-29.1%PE22.5xIndustrials
INGA ING Groep€21.461.3%
+€634.1m
30.2%PB1.2xFinancials
See more

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