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Dutch (AEX) Market Analysis & Valuation

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies98
  • 7D3.4%
  • 3M11.2%
  • 1Y16.2%
  • YTD14.3%

Over the last 7 days, the market has risen 3.4%, driven by gains of 7.7% in the Information Technology sector. In contrast, the Consumer Discretionary sector is lagging, dropping 3.9%. The market is up 16% over the last 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, 30 Nov 2025€1.1t€533.5b€53.6b16.6x19.9x2x
Tue, 28 Oct 2025€1.1t€531.3b€53.0b17.2x21.2x2.1x
Thu, 25 Sep 2025€1.1t€534.6b€52.9b16.5x20.2x2x
Sat, 23 Aug 2025€1.0t€549.0b€66.7b16.5x15.4x1.9x
Mon, 21 Jul 2025€1.0t€544.4b€62.8b19.3x16.5x1.9x
Wed, 18 Jun 2025€1.0t€543.6b€58.3b18.6x17.7x1.9x
Fri, 16 May 2025€1.0t€544.9b€58.6b18.8x17.8x1.9x
Sun, 13 Apr 2025€904.0b€541.2b€57.1b16x15.8x1.7x
Tue, 11 Mar 2025€1.0t€561.8b€58.3b18.3x17.3x1.8x
Thu, 06 Feb 2025€1.0t€567.8b€52.6b17x19.4x1.8x
Sat, 04 Jan 2025€989.3b€563.8b€51.7b16.3x19.1x1.8x
Mon, 02 Dec 2024€980.1b€561.2b€50.6b16.6x19.4x1.7x
Wed, 30 Oct 2024€999.2b€562.9b€53.0b18.1x18.9x1.8x
Fri, 27 Sep 2024€1.0t€560.3b€52.6b17.2x20x1.9x
Sun, 25 Aug 2024€1.0t€566.1b€40.0b15.7x26.2x1.9x
Tue, 23 Jul 2024€1.0t€560.1b€40.8b16.6x25.5x1.9x
Thu, 20 Jun 2024€1.1t€562.3b€44.6b17.6x25x2x
Sat, 18 May 2024€1.1t€561.4b€44.5b18.8x24.8x2x
Mon, 15 Apr 2024€1.0t€567.4b€46.0b17.1x22.7x1.8x
Wed, 13 Mar 2024€1.0t€562.4b€45.5b16.8x22.4x1.8x
Fri, 09 Feb 2024€996.9b€568.0b€49.5b16.3x20.2x1.8x
Sun, 07 Jan 2024€893.0b€590.4b€60.1b16.2x14.8x1.5x
Tue, 05 Dec 2023€883.1b€597.9b€60.4b15.4x14.6x1.5x
Thu, 02 Nov 2023€804.4b€592.8b€52.8b15.7x15.2x1.4x
Sat, 30 Sep 2023€824.3b€592.6b€50.4b16.8x16.4x1.4x
Mon, 28 Aug 2023€892.8b€573.7b€46.6b17.2x19.2x1.6x
Wed, 26 Jul 2023€921.4b€583.3b€52.0b17.2x17.7x1.6x
Fri, 23 Jun 2023€898.4b€583.4b€48.0b16.6x18.7x1.5x
Sun, 21 May 2023€913.7b€576.2b€47.7b17.1x19.2x1.6x
Tue, 18 Apr 2023€885.5b€567.5b€47.5b16.8x18.6x1.6x
Thu, 16 Mar 2023€850.2b€567.9b€51.3b15.7x16.6x1.5x
Sat, 11 Feb 2023€902.0b€543.1b€50.6b15.1x17.8x1.7x
Mon, 09 Jan 2023€866.1b€542.6b€54.3b14.9x16x1.6x
Wed, 07 Dec 2022€860.4b€544.4b€54.5b14.8x15.8x1.6x
Price to Earnings Ratio

15.8x


Total Market Cap: €860.4bTotal Earnings: €54.5bTotal Revenue: €544.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19x202320242025
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 19.0x.
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 Market3.36%
Tech7.68%
Materials5.01%
Financials3.81%
Real Estate3.49%
Energy3.33%
Healthcare3.11%
Industrials2.17%
Consumer Staples0.028%
Utilities0%0
Telecom-1.57%
Consumer Discretionary-3.86%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 38.8x.
    • Analysts are expecting annual earnings growth of 12.7%, 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 38% over the next 5 years.
  • In contrast, the Telecom 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€903.408.3%
+€26.9b		37.2%PE37xTech
MT ArcelorMittal€37.189.2%
+€2.4b		56.0%PE12.7xMaterials
INGA ING Groep€22.353.9%
+€2.4b		52.5%PB1.3xFinancials
ABN ABN AMRO Bank€29.158.4%
+€1.9b		98.1%PB0.9xFinancials
ADYEN Adyen€1.34k3.0%
+€1.2b		-2.7%PE42.4xFinancials
See more

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