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Dutch (AEX) Market Analysis & Valuation

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies100
  • 7D-6.0%
  • 3M5.4%
  • 1Y17.3%
  • YTD2.1%

Over the last 7 days, the market has dropped 6.0%, driven by pullbacks in every sector, especially the Information Technology sector. In contrast to the last week, the market is actually up 17% over the past year. 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
Sat, 07 Mar 2026€1.2t€523.3b€61.7b16.3x20.1x2.4x
Mon, 02 Feb 2026€1.3t€539.7b€56.0b17x22.7x2.4x
Wed, 31 Dec 2025€1.1t€540.6b€54.7b16.7x20.4x2.1x
Fri, 28 Nov 2025€1.1t€533.6b€54.3b17.4x20.1x2x
Sun, 26 Oct 2025€1.1t€531.3b€53.1b17.3x21x2.1x
Tue, 23 Sep 2025€1.1t€534.3b€52.8b16.5x20.1x2x
Thu, 21 Aug 2025€1.0t€547.9b€65.8b16.9x15.5x1.9x
Sat, 19 Jul 2025€1.0t€544.4b€62.8b19.3x16.5x1.9x
Mon, 16 Jun 2025€1.0t€542.8b€58.3b18.7x17.8x1.9x
Wed, 14 May 2025€1.0t€544.7b€58.7b19.1x17.8x1.9x
Fri, 11 Apr 2025€904.0b€542.2b€57.2b16.3x15.8x1.7x
Sun, 09 Mar 2025€1.0t€561.6b€58.3b18x17.7x1.8x
Tue, 04 Feb 2025€1.0t€568.6b€52.7b16.9x19.5x1.8x
Thu, 02 Jan 2025€988.3b€563.3b€51.6b16.3x19.1x1.8x
Sat, 30 Nov 2024€980.5b€561.6b€50.5b16.7x19.4x1.7x
Mon, 28 Oct 2024€1.0t€563.1b€52.8b18x19.1x1.8x
Wed, 25 Sep 2024€1.0t€566.5b€40.0b17x25.6x1.8x
Fri, 23 Aug 2024€1.1t€566.9b€40.0b15.7x26.3x1.9x
Sun, 21 Jul 2024€1.1t€560.1b€40.8b16.5x25.9x1.9x
Tue, 18 Jun 2024€1.1t€562.3b€44.6b17.6x25.1x2x
Thu, 16 May 2024€1.1t€561.1b€44.3b18.8x24.8x2x
Sat, 13 Apr 2024€1.0t€522.7b€46.0b16.7x22.7x2x
Mon, 11 Mar 2024€1.0t€562.3b€45.6b16.9x22.5x1.8x
Wed, 07 Feb 2024€981.1b€570.5b€52.4b15.1x18.7x1.7x
Fri, 05 Jan 2024€895.9b€590.3b€60.1b16.5x14.9x1.5x
Sun, 03 Dec 2023€883.9b€597.4b€60.4b15.4x14.6x1.5x
Tue, 31 Oct 2023€795.3b€592.2b€52.7b15.7x15.1x1.3x
Thu, 28 Sep 2023€812.1b€593.2b€50.4b16.4x16.1x1.4x
Sat, 26 Aug 2023€892.8b€573.7b€46.7b16.2x19.1x1.6x
Mon, 24 Jul 2023€917.0b€582.4b€51.8b17.1x17.7x1.6x
Wed, 21 Jun 2023€904.1b€583.7b€48.0b16.8x18.8x1.5x
Fri, 19 May 2023€912.3b€576.4b€47.7b17.4x19.1x1.6x
Sun, 16 Apr 2023€893.5b€566.8b€47.4b16.7x18.9x1.6x
Tue, 14 Mar 2023€858.4b€554.7b€44.6b15.4x19.2x1.5x
Price to Earnings Ratio

19.2x


Total Market Cap: €858.4bTotal Earnings: €44.6bTotal Revenue: €554.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19.4x202420252026
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 19.4x.
Past Earnings Growth
  • The earnings for Dutch listed companies have grown 11% 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-6.03%
Utilities0%0
Industrials-2.06%
Energy-2.27%
Consumer Discretionary-3.54%
Telecom-4.95%
Financials-5.48%
Real Estate-5.49%
Consumer Staples-5.65%
Tech-7.18%
Healthcare-7.46%
Materials-11.15%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 38.8x.
    • Analysts are expecting annual earnings growth of 16.2%, which is lower than the prior year's growth of 26.9% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.5x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Energy sector is expected to see its earnings decline by 18% 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
BNJ Banijay Group€8.554.9%
+€169.3m		1.8%PE14.6xTelecom
WKL Wolters Kluwer€68.520.6%
+€89.0m		-51.8%PE11.8xIndustrials
FLOW Flow Traders€27.504.1%
+€47.0m		7.0%PE9xFinancials
ARCAD Arcadis€30.461.8%
+€46.2m		-35.0%PE12.5xIndustrials
AMG AMG Critical Materials€34.443.1%
+€33.6m		108.1%PS0.8xMaterials
See more

Market Insights

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