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Dutch (AEX) Market Analysis & Valuation

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies101
  • 7D3.3%
  • 3M17.1%
  • 1Y22.2%
  • YTD9.0%

Over the last 7 days, the market has risen 3.3%, driven by gains of 4.8% in the Information Technology sector. In the last year, the market has climbed 22%. 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
Mon, 23 Feb 2026€1.3t€527.8b€58.3b18.1x22.8x2.5x
Wed, 21 Jan 2026€1.2t€538.3b€54.7b16.7x22.1x2.2x
Fri, 19 Dec 2025€1.1t€540.9b€54.7b16.5x20.1x2x
Sun, 16 Nov 2025€1.1t€532.9b€53.5b17x20.5x2.1x
Tue, 14 Oct 2025€1.1t€535.6b€53.1b17.5x20.6x2x
Thu, 11 Sep 2025€1.0t€550.2b€67.6b16.6x15.1x1.9x
Sat, 09 Aug 2025€1.0t€545.2b€65.8b17.1x15.2x1.8x
Mon, 07 Jul 2025€1.0t€542.2b€62.0b18.5x16.6x1.9x
Wed, 04 Jun 2025€1.0t€543.8b€58.4b18.8x17.6x1.9x
Fri, 02 May 2025€961.6b€542.6b€57.6b17.7x16.7x1.8x
Sun, 30 Mar 2025€995.8b€544.6b€57.4b17.8x17.3x1.8x
Tue, 25 Feb 2025€1.1t€568.4b€57.7b18.1x18.5x1.9x
Thu, 23 Jan 2025€1.0t€565.7b€51.8b16.8x19.6x1.8x
Sat, 21 Dec 2024€988.3b€562.8b€51.6b16x19.2x1.8x
Mon, 18 Nov 2024€961.1b€561.5b€50.7b16.9x19x1.7x
Wed, 16 Oct 2024€1.0t€562.1b€52.7b18.1x19.1x1.8x
Fri, 13 Sep 2024€1.0t€567.1b€40.1b16.3x25.2x1.8x
Sun, 11 Aug 2024€1.0t€565.2b€40.3b15.4x25x1.8x
Tue, 09 Jul 2024€1.1t€561.2b€41.1b16.3x27.4x2x
Thu, 06 Jun 2024€1.1t€561.3b€44.5b17.5x25.1x2x
Sat, 04 May 2024€1.1t€561.9b€44.4b16.9x23.9x1.9x
Mon, 01 Apr 2024€1.0t€553.3b€45.5b16.6x22.8x1.9x
Wed, 28 Feb 2024€1.0t€566.2b€49.4b16.2x20.4x1.8x
Fri, 26 Jan 2024€971.3b€591.9b€60.5b16.3x16.1x1.6x
Sun, 24 Dec 2023€914.1b€594.2b€60.1b16.5x15.2x1.5x
Tue, 21 Nov 2023€874.7b€596.6b€59.3b15.7x14.8x1.5x
Thu, 19 Oct 2023€805.8b€594.0b€50.8b15.6x15.9x1.4x
Sat, 16 Sep 2023€887.7b€589.3b€51.2b17x17.3x1.5x
Mon, 14 Aug 2023€897.0b€575.4b€47.3b16.8x19x1.6x
Wed, 12 Jul 2023€900.4b€581.6b€51.9b16.8x17.4x1.5x
Fri, 09 Jun 2023€909.2b€584.8b€48.2b16.9x18.9x1.6x
Sun, 07 May 2023€868.1b€570.1b€46.3b17.2x18.7x1.5x
Tue, 04 Apr 2023€899.5b€565.0b€50.5b15.8x17.8x1.6x
Thu, 02 Mar 2023€886.9b€554.6b€46.8b16.4x18.9x1.6x
Price to Earnings Ratio

18.9x


Total Market Cap: €886.9bTotal Earnings: €46.8bTotal Revenue: €554.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19.4x202420252026
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 22.8x which is higher than its 3-year average PE of 19.4x.
Past Earnings Growth
  • The earnings for Dutch listed companies have grown 7.6% 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 Market3.29%
Tech4.79%
Financials3.88%
Consumer Discretionary3.65%
Real Estate2.52%
Energy1.82%
Consumer Staples1.76%
Materials1.58%
Healthcare1.22%
Industrials1.21%
Utilities0%0
Telecom-1.22%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 17.0x.
    • This is likely because analysts are expecting annual earnings growth of 18.9% and investors are willing to pay a premium for that growth.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Energy 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€1.25k4.5%
+€20.9b		75.1%PE50.2xTech
PRX Prosus€44.133.6%
+€3.5b		5.2%PE9.1xConsumer Discretionary
CCEP Coca-Cola Europacific Partners€90.907.7%
+€2.9b		8.6%PE21xConsumer Staples
MT ArcelorMittal€56.486.1%
+€2.5b		110.5%PE16.1xMaterials
INGA ING Groep€25.043.5%
+€2.4b		51.7%PB1.5xFinancials
See more

Market Insights

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