Dutch (AEX) Market Analysis & Valuation

Market Valuation and Performance

Has the Dutch Market valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 23 Jun 2026	€1.5t	€539.2b	€61.5b	18.1x	23.8x	2.7x
Thu, 21 May 2026	€1.3t	€537.8b	€61.1b	17.9x	21.7x	2.5x
Sat, 18 Apr 2026	€1.3t	€547.7b	€60.9b	17.7x	21.6x	2.4x
Mon, 16 Mar 2026	€1.3t	€539.5b	€61.1b	16.4x	20.7x	2.3x
Wed, 11 Feb 2026	€1.3t	€545.2b	€57.6b	17.3x	22.7x	2.4x
Fri, 09 Jan 2026	€1.2t	€541.2b	€54.8b	16.9x	21.2x	2.1x
Sun, 07 Dec 2025	€1.1t	€533.3b	€54.2b	17x	20.4x	2.1x
Tue, 04 Nov 2025	€1.1t	€532.4b	€53.7b	17.1x	20.8x	2.1x
Thu, 02 Oct 2025	€1.1t	€534.7b	€52.9b	17.3x	20.7x	2x
Sat, 30 Aug 2025	€1.0t	€549.1b	€66.7b	16.7x	15.1x	1.8x
Mon, 28 Jul 2025	€1.0t	€543.9b	€62.5b	18.9x	16.3x	1.9x
Wed, 25 Jun 2025	€1.0t	€543.1b	€62.1b	18.3x	16.8x	1.9x
Fri, 23 May 2025	€1.0t	€544.2b	€58.5b	19.2x	17.7x	1.9x
Sun, 20 Apr 2025	€926.7b	€543.4b	€58.2b	15.6x	15.9x	1.7x
Tue, 18 Mar 2025	€1.0t	€566.6b	€58.5b	18.4x	17.5x	1.8x
Thu, 13 Feb 2025	€1.1t	€572.3b	€57.8b	16.9x	18.2x	1.8x
Sat, 11 Jan 2025	€993.4b	€567.0b	€51.9b	16x	19.1x	1.8x
Mon, 09 Dec 2024	€1.0t	€561.8b	€51.5b	17.4x	19.5x	1.8x
Wed, 06 Nov 2024	€971.2b	€560.0b	€50.9b	17.5x	19.1x	1.7x
Fri, 04 Oct 2024	€1.0t	€561.2b	€52.6b	17.3x	19.8x	1.9x
Sun, 01 Sep 2024	€1.1t	€567.0b	€40.1b	16.6x	26.3x	1.9x
Tue, 30 Jul 2024	€1.0t	€562.2b	€41.6b	16.3x	24.7x	1.8x
Thu, 27 Jun 2024	€1.1t	€562.2b	€41.2b	16.2x	26.9x	2x
Sat, 25 May 2024	€1.1t	€561.5b	€44.5b	17.4x	24.8x	2x
Mon, 22 Apr 2024	€1.0t	€565.9b	€45.2b	16.1x	22.1x	1.8x
Wed, 20 Mar 2024	€1.0t	€547.2b	€46.3b	16.2x	21.8x	1.8x
Fri, 16 Feb 2024	€1.0t	€564.4b	€49.1b	15.9x	20.4x	1.8x
Sun, 14 Jan 2024	€903.9b	€590.3b	€60.1b	16.4x	15x	1.5x
Tue, 12 Dec 2023	€910.1b	€598.4b	€60.5b	15.8x	15x	1.5x
Thu, 09 Nov 2023	€836.5b	€602.4b	€60.2b	15.7x	13.9x	1.4x
Sat, 07 Oct 2023	€818.5b	€592.5b	€50.3b	15.7x	16.3x	1.4x
Mon, 04 Sep 2023	€908.8b	€588.3b	€49.2b	17.2x	18.5x	1.5x
Wed, 02 Aug 2023	€931.1b	€583.0b	€53.7b	16.4x	17.3x	1.6x
Fri, 30 Jun 2023	€914.4b	€584.4b	€52.1b	16.5x	17.6x	1.6x

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 23.8x which is higher than its 3-year average PE of 19.7x.

Past Earnings Growth

The earnings for Dutch listed companies have grown 5.7% per year over the last three years.
Meanwhile revenues for these companies have declined 2.7% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Dutch Market?


NL Market	1.09%
Financials	3.40%
Healthcare	2.37%
Tech	2.28%
Telecom	1.23%
Energy	0.40%
Industrials	-0.85%
Consumer Staples	-1.47%
Real Estate	-1.79%
Materials	-3.26%
Consumer Discretionary	-4.35%
Utilities	-10.20%

Sector PE

Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 40.0x.

The market's confidence is likely because analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings growth of 15.2% per year.

Forecasted Growth

Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 21% over the next 5 years.
However this is lower than its past earnings growth rate of 32% per year.

In contrast, the Energy sector is expected to see its earnings decline by 6.9% 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	Sector
ASML ASML Holding	€1.66k	2.1% +€12.9b	147.6%	PE63.6x	Tech
INGA ING Groep	€28.18	7.0% +€5.2b	58.3%	PB1.6x	Financials
ASM ASM International	€1.08k	5.3% +€2.6b	107.2%	PE53.2x	Tech
ABN ABN AMRO Bank	€38.41	8.9% +€2.6b	68.5%	PB1.1x	Financials
DSFIR DSM-Firmenich	€76.66	4.4% +€769.9m	-18.5%	PE69.4x	Materials

Philips helps customers rethink flexibility with the IntelliVue Patient Monitor 6000 Series

Philips, offered a full monitoring solution with innovations that support the needs of rural hospitals, ambulatory surgery centers (ASCs) and other key segments of the U.S. healthcare industry. The solution, the IntelliVue Patient Monitor 6000 Series, provides an accessible entry point to enterprise-grade capabilities and trusted Philips patient monitors at an affordable price. The PM 6000 Series’ flexible approach to measurements – core parameters built in, plus innovative ways to quickly expand – gives clinicians the ability to easily monitor patients across acuity levels. Expanded connectivity options, meanwhile, help organizations choose the scalable deployment approach that best fits their needs. Organizations can use the PM 6000 Series for standalone monitoring, directly connect to the EMR through HL7 outbound* or integrate at an enterprise-wide level through the Philips patient monitoring ecosystem. When integrating into an existing Philips deployment, the PM 6000 Series can use the same supplies as the well-established line of IntelliVue MX monitors. Such flexibility with measurements and deployment is particularly critical for rural hospitals and ASCs, which must balance budget pressures, staffing shortages and growing patient complexity, while also needing to modernize workflows and prepare for future connectivity needs. The PM 6000 Series can help streamline operations with its design, too. Each of the three models has core measurements built in, representing a different approach from the existing line of MX monitors. The self-contained, one-piece construction of the PM 6000 Series, alongside standardized configurations, can help simplify deployment, training and maintenance. The sleek design can also support cleaning and infection control. Simplified does not mean compromised performance and flexibility, however. The PM 6000 Series uses the same IntelliVue software as MX monitors for fast clinical adoption, full clinical decision support and the latest cybersecurity measures. Flexibility, meanwhile, comes in part from two innovations intended to support the next-generation monitoring portfolio at Philips. Now debuting in the PM 6000 Series solution, the IntelliVue Measurement Rack 6000 uses IntelliVue modules to help clinicians quickly expand monitoring capabilities beyond built-in measurements, meeting timely patient needs. The rack also helps organizations adapt the monitor for different care areas and acuity levels without replacing existing equipment, to support evolving clinical and operational needs. Expanding that flexibility further, the PM 6000 Series features new Flexible Link technology, the first Philips monitors to do so. These connectors allow organizations to easily add measurements after the point of sale. Each model features two Flexible Link connectors, providing plug-and-play expansion through a new generation of modules that can move easily between compatible monitors. Clinicians can quickly add capabilities in response to changing patient needs, while organizations gain a more scalable, streamlined path to future monitoring innovations.

Dutch (AEX) Market Analysis & Valuation

Market Valuation and Performance

Sector Trends

Top Stock Gainers and Losers

Market Insights

Watt's left in the overcrowded power trade?

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