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Dutch (AEX) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies99
  • 7D-1.2%
  • 3M9.8%
  • 1Y24.1%
  • YTD6.7%

Over the last 7 days, the market has dropped 1.2%, driven by a decline of 2.5% in the Information Technology sector. On the other hand, the Consumer Staples has risen by 4.7%. As for the longer term, the market has actually risen by 24% in the last year. Looking forward, 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
Thu, 05 Feb 2026€1.3t€539.9b€56.0b17.4x22.6x2.3x
Sat, 03 Jan 2026€1.1t€540.8b€54.7b16.9x21x2.1x
Mon, 01 Dec 2025€1.1t€533.6b€54.3b17.1x20.2x2.1x
Wed, 29 Oct 2025€1.1t€531.2b€53.0b16.9x21.1x2.1x
Fri, 26 Sep 2025€1.1t€535.0b€53.0b16.8x20.1x2x
Sun, 24 Aug 2025€1.0t€549.0b€66.7b16.5x15.4x1.9x
Tue, 22 Jul 2025€1.0t€544.0b€62.7b19x16.4x1.9x
Thu, 19 Jun 2025€1.0t€543.6b€58.3b18.3x17.6x1.9x
Sat, 17 May 2025€1.0t€545.0b€58.6b18.8x17.8x1.9x
Mon, 14 Apr 2025€903.9b€541.2b€57.1b16x15.8x1.7x
Wed, 12 Mar 2025€1.0t€561.2b€58.2b18.3x17.2x1.8x
Fri, 07 Feb 2025€1.0t€568.1b€52.6b17.2x19.6x1.8x
Sun, 05 Jan 2025€988.6b€563.6b€51.7b16.3x19.1x1.8x
Tue, 03 Dec 2024€987.5b€561.9b€50.6b16.8x19.5x1.8x
Thu, 31 Oct 2024€979.9b€562.7b€52.8b17.7x18.5x1.7x
Sat, 28 Sep 2024€1.1t€560.3b€52.6b17.7x20.1x1.9x
Mon, 26 Aug 2024€1.0t€566.1b€40.0b15.7x26.2x1.9x
Wed, 24 Jul 2024€1.1t€560.3b€40.8b16.3x26x1.9x
Fri, 21 Jun 2024€1.1t€562.5b€44.6b17.4x25.4x2x
Sun, 19 May 2024€1.1t€561.3b€44.5b18.9x24.8x2x
Tue, 16 Apr 2024€1.0t€567.5b€46.0b17.1x22.8x1.8x
Thu, 14 Mar 2024€1.0t€562.2b€45.5b16.8x22.3x1.8x
Sat, 10 Feb 2024€1.0t€568.0b€49.5b16.3x20.4x1.8x
Mon, 08 Jan 2024€893.0b€590.4b€60.1b16.2x14.8x1.5x
Wed, 06 Dec 2023€888.8b€598.1b€60.5b15.5x14.7x1.5x
Fri, 03 Nov 2023€826.9b€593.8b€53.7b15.7x15.4x1.4x
Sun, 01 Oct 2023€824.1b€592.7b€50.4b16.8x16.4x1.4x
Tue, 29 Aug 2023€905.9b€573.6b€46.6b17.3x19.4x1.6x
Thu, 27 Jul 2023€945.4b€583.3b€52.0b17.2x18.2x1.6x
Sat, 24 Jun 2023€891.2b€583.9b€48.1b16.8x18.5x1.5x
Mon, 22 May 2023€913.7b€576.2b€47.7b17.1x19.2x1.6x
Wed, 19 Apr 2023€891.9b€567.1b€47.4b16.9x18.8x1.6x
Fri, 17 Mar 2023€869.2b€567.6b€51.0b15.7x17x1.5x
Sun, 12 Feb 2023€902.0b€543.1b€50.2b15.1x18x1.7x
Price to Earnings Ratio

18x


Total Market Cap: €902.0bTotal Earnings: €50.2bTotal Revenue: €543.1bTotal 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 22.6x which is higher than its 3-year average PE of 19.3x.
Past Earnings Growth
  • The earnings for Dutch listed companies have grown 3.5% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Dutch Market?

NL Market-1.19%
Consumer Staples4.65%
Materials3.11%
Real Estate1.06%
Energy0.51%
Financials0.036%
Utilities0%0
Healthcare-0.14%
Tech-2.54%
Telecom-2.79%
Industrials-3.31%
Consumer Discretionary-5.53%
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 16.1%, which is lower than the prior year's growth of 26.9% 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
INGA ING Groep€26.044.8%
+€3.4b		63.1%PB1.5xFinancials
HEIA Heineken€73.608.9%
+€3.3b		13.1%PE22.4xConsumer Staples
AD Koninklijke Ahold Delhaize€34.757.2%
+€2.1b		-0.6%PE15xConsumer Staples
KPN Koninklijke KPN€4.4411.7%
+€1.8b		26.1%PE19.9xTelecom
HEIO Heineken Holding€65.658.3%
+€1.4b		15.7%PE19.8xConsumer Staples
See more

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