Dutch (AEX) Financials Sector Analysis

Sector Valuation and Performance

Has the Dutch Financials Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 17 Jun 2026	€239.3b	€97.2b	€17.5b	13.1x	13.7x	2.5x
Fri, 15 May 2026	€234.1b	€97.2b	€17.2b	12.8x	13.6x	2.4x
Sun, 12 Apr 2026	€221.4b	€96.9b	€17.0b	11.4x	13x	2.3x
Tue, 10 Mar 2026	€212.3b	€88.7b	€16.9b	15x	12.6x	2.4x
Thu, 05 Feb 2026	€236.0b	€94.5b	€15.5b	12.5x	15.2x	2.5x
Sat, 03 Jan 2026	€235.3b	€92.9b	€14.2b	13.8x	16.6x	2.5x
Mon, 01 Dec 2025	€225.9b	€92.9b	€14.2b	13x	15.9x	2.4x
Wed, 29 Oct 2025	€219.9b	€92.6b	€14.1b	12.5x	15.6x	2.4x
Fri, 26 Sep 2025	€219.2b	€92.6b	€14.1b	12.3x	15.6x	2.4x
Sun, 24 Aug 2025	€243.6b	€107.2b	€27.7b	12.6x	8.8x	2.3x
Tue, 22 Jul 2025	€238.5b	€104.1b	€27.6b	10.5x	8.6x	2.3x
Thu, 19 Jun 2025	€231.4b	€104.1b	€27.6b	10.1x	8.4x	2.2x
Sat, 17 May 2025	€236.4b	€103.7b	€27.7b	10.4x	8.5x	2.3x
Mon, 14 Apr 2025	€202.8b	€103.7b	€27.9b	8.7x	7.3x	2x
Wed, 12 Mar 2025	€226.3b	€120.6b	€29.2b	10.4x	7.8x	1.9x
Fri, 07 Feb 2025	€224.6b	€123.7b	€27.0b	13.3x	8.3x	1.8x
Sun, 05 Jan 2025	€212.2b	€123.7b	€27.0b	12.8x	7.9x	1.7x
Tue, 03 Dec 2024	€213.6b	€123.7b	€27.0b	12.4x	7.9x	1.7x
Thu, 31 Oct 2024	€214.5b	€126.0b	€28.8b	12.1x	7.4x	1.7x
Sat, 28 Sep 2024	€219.4b	€126.0b	€28.8b	11.3x	7.6x	1.7x
Mon, 26 Aug 2024	€212.1b	€132.1b	€16.4b	10.7x	12.9x	1.6x
Wed, 24 Jul 2024	€191.9b	€125.9b	€15.0b	11.2x	12.8x	1.5x
Fri, 21 Jun 2024	€203.7b	€125.9b	€15.0b	10.4x	13.6x	1.6x
Sun, 19 May 2024	€213.9b	€125.9b	€15.0b	13x	14.2x	1.7x
Tue, 16 Apr 2024	€179.6b	€125.9b	€14.8b	12x	12.1x	1.4x
Thu, 14 Mar 2024	€165.6b	€123.1b	€14.2b	16.3x	11.7x	1.3x
Sat, 10 Feb 2024	€153.4b	€126.2b	€18.4b	10.8x	8.3x	1.2x
Mon, 08 Jan 2024	€149.7b	€138.5b	€26.2b	13.6x	5.7x	1.1x
Wed, 06 Dec 2023	€148.3b	€142.9b	€26.2b	12.4x	5.7x	1x
Fri, 03 Nov 2023	€126.2b	€133.4b	€19.5b	12.6x	6.5x	0.9x
Sun, 01 Oct 2023	€130.0b	€131.9b	€18.6b	12x	7x	1x
Tue, 29 Aug 2023	€138.6b	€114.8b	€15.2b	15.2x	9.1x	1.2x
Thu, 27 Jul 2023	€161.2b	€125.9b	€20.5b	15.4x	7.9x	1.3x
Sat, 24 Jun 2023	€153.8b	€125.9b	€20.5b	14.2x	7.5x	1.2x

Current Industry PE

Investors are optimistic on the Dutch Financials industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 13.5x which is higher than its 3-year average PE of 10.4x.

The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.4x.

Past Earnings Growth

The earnings for companies in the Financials industry have declined 5.2% per year over the last three years,
Revenues have also declined 8.2% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Dutch Financials sector?


NL Market	3.77%
Financials	5.17%
Banks	7.21%
Diversified Financial	4.50%
Insurance	4.12%
Capital Markets	2.32%
Consumer Finance	0%	0

Industry PE

Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 109x.

Analysts are expecting annual earnings growth of 18.6%, which is higher than its past year's earnings growth of 12.6% per year.

Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.7x.

Forecasted Growth

Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 33% over the next 5 years.
This is better than its past earnings growth rate of 23% per year.

In contrast, the Banks industry is expected to see its earnings grow by 3.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
INGA ING Groep	€26.85	6.8% +€4.9b	49.9%	PB1.5x
ABN ABN AMRO Bank	€36.19	8.4% +€2.3b	58.2%	PB1.1x
ADYEN Adyen	€890.30	8.2% +€2.1b	-47.1%	PE26.4x
NN NN Group	€74.52	4.3% +€802.3m	34.8%	PE17.7x
CVC CVC Capital Partners	€13.36	3.9% +€525.6m	-14.8%	PE11.9x

Adyen Announces Adyen Agentic as Universal Translator for Commerce

Adyen announced Adyen Agentic, a suite of modular APIs that enables enterprises to sell through conversational AI platforms without rebuilding their commerce systems for each new channel. Adyen Agentic introduces three layers – Agentic Feed, Agentic Cart, and Agentic Payments – that solve various stages of the customer journey in agentic commerce from product discovery to payment. Adyen Agentic is designed to be that universal translator. Merchants integrate once. Adyen translates that single integration across every agent platform, protocol, and payment method - so merchants can participate in new commerce channels without rebuilding each time the landscape shifts. The Adyen Agentic product includes: Agentic Feed: A structured product and inventory layer that distributes real time catalog, pricing, and availability data across conversational commerce environments. Agentic Cart: An orchestration layer that connects merchants' existing checkout, tax, fulfillment, and order management systems to conversational commerce platforms. Agentic Payments: A payments and fraud layer for agent led transactions, enabling authentication, token portability, merchant of record preservation, and risk management across evolving protocols. Early participants in the Adyen Agentic ecosystem include strategic partners American Express, Mastercard, Salesforce, and Visa; and enterprise retailers ESW, Scheels, Sézane, and SharkNinja. At announcement, Adyen Agentic is in limited availability for enterprise merchants operating in the U.S., with plans for global expansion to follow. Adyen Agentic is built as an open ecosystem layer rather than a closed commerce environment. The product variants are modular and merchants will be able to work with their existing e-commerce platform. Merchants retain control over customer relationships, transaction routing, payment flexibility, and business logic regardless of which platforms or protocols ultimately scale. The infrastructure is built on Adyen's existing enterprise-grade foundation: the same tokenization, authentication, and fraud capabilities that process trillions of dollars in payments annually. Adyen Agentic is fully compatible with Meta's AI checkout, with more platforms to come. This builds alongside Adyen's foundational work as an early endorser of the Universal Commerce Protocol (UCP) — which was co-developed by Google and other industry leaders — as well, as the Agent Payments Protocol (AP2) and OpenAI's Agentic Commerce Protocol (ACP).

Dutch (AEX) Financials Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Adyen Announces Adyen Agentic as Universal Translator for Commerce

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Aegon Ltd. Approves the Appointment of Leni Boeren to the Board of Directors

ABN AMRO Faces Uncertain Growth Outlook as Loan Risk Transfers Increase

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Value8 N.V. announces Annual dividend, payable on June 22, 2026

Upcoming dividend of €2.14 per share

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Full year 2025 earnings: EPS misses analyst expectations