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Sep 30
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Dutch (AEX) Market Analysis & Valuation
UpdatedOct 03, 2025
DataAggregated Company Financials
Companies98
- 7D4.5%
- 3M11.3%
- 1Y10.8%
- YTD16.2%
The market is up 4.5% over the last week, with the Information Technology sector leading the way, up 8.2%. As for the past 12 months, the market is up 11%. Looking forward, earnings are forecast to grow by 11% annually.
Market Valuation and Performance
Has the Dutch Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Oct 2025 | €1.1t | €534.7b | €52.9b | 17.3x | 21x | 2.1x |
| Sun, 31 Aug 2025 | €1.0t | €549.7b | €67.2b | 16.7x | 15x | 1.8x |
| Tue, 29 Jul 2025 | €1.0t | €544.8b | €62.7b | 18.3x | 16.3x | 1.9x |
| Thu, 26 Jun 2025 | €1.0t | €542.8b | €62.1b | 18.2x | 16.7x | 1.9x |
| Sat, 24 May 2025 | €1.0t | €543.8b | €58.4b | 19.1x | 17.5x | 1.9x |
| Mon, 21 Apr 2025 | €926.8b | €543.4b | €58.2b | 15.6x | 15.9x | 1.7x |
| Wed, 19 Mar 2025 | €1.0t | €566.4b | €58.4b | 18.5x | 17.6x | 1.8x |
| Fri, 14 Feb 2025 | €1.1t | €571.3b | €57.4b | 17.1x | 18.7x | 1.9x |
| Sun, 12 Jan 2025 | €992.8b | €566.9b | €51.9b | 16x | 19.1x | 1.8x |
| Tue, 10 Dec 2024 | €1.0t | €561.8b | €51.5b | 17.4x | 19.5x | 1.8x |
| Thu, 07 Nov 2024 | €960.6b | €561.3b | €51.0b | 17.5x | 18.8x | 1.7x |
| Sat, 05 Oct 2024 | €1.0t | €561.5b | €52.7b | 17.2x | 19.9x | 1.9x |
| Mon, 02 Sep 2024 | €1.1t | €567.0b | €40.1b | 16.6x | 26.3x | 1.9x |
| Wed, 31 Jul 2024 | €1.0t | €562.7b | €39.9b | 16.6x | 25.8x | 1.8x |
| Fri, 28 Jun 2024 | €1.1t | €562.0b | €41.2b | 16x | 27x | 2x |
| Sun, 26 May 2024 | €1.1t | €561.5b | €44.5b | 17.4x | 24.8x | 2x |
| Tue, 23 Apr 2024 | €1.0t | €565.9b | €45.2b | 16.1x | 22.1x | 1.8x |
| Thu, 21 Mar 2024 | €1.0t | €546.8b | €46.3b | 16.2x | 21.9x | 1.8x |
| Sat, 17 Feb 2024 | €1.0t | €564.4b | €49.0b | 16x | 20.6x | 1.8x |
| Mon, 15 Jan 2024 | €903.9b | €590.3b | €60.1b | 16.4x | 15x | 1.5x |
| Wed, 13 Dec 2023 | €911.6b | €598.1b | €60.5b | 15.7x | 15.1x | 1.5x |
| Fri, 10 Nov 2023 | €851.5b | €601.3b | €59.8b | 15.7x | 14.2x | 1.4x |
| Sun, 08 Oct 2023 | €818.5b | €592.5b | €50.4b | 15.7x | 16.3x | 1.4x |
| Tue, 05 Sep 2023 | €910.5b | €588.1b | €49.1b | 17.1x | 18.5x | 1.5x |
| Thu, 03 Aug 2023 | €916.2b | €583.1b | €53.7b | 16.2x | 17.1x | 1.6x |
| Sat, 01 Jul 2023 | €917.3b | €584.1b | €52.0b | 16.5x | 17.6x | 1.6x |
| Mon, 29 May 2023 | €893.7b | €576.9b | €47.7b | 16.9x | 18.7x | 1.5x |
| Wed, 26 Apr 2023 | €863.7b | €573.3b | €49.0b | 17.1x | 17.6x | 1.5x |
| Fri, 24 Mar 2023 | €882.8b | €561.9b | €50.2b | 15.9x | 17.6x | 1.6x |
| Sun, 19 Feb 2023 | €912.2b | €554.7b | €48.8b | 15.8x | 18.7x | 1.6x |
| Tue, 17 Jan 2023 | €901.3b | €541.0b | €53.9b | 14.7x | 16.7x | 1.7x |
| Thu, 15 Dec 2022 | €876.6b | €543.1b | €54.3b | 14.7x | 16.1x | 1.6x |
| Sat, 12 Nov 2022 | €847.3b | €545.8b | €67.8b | 13.6x | 12.5x | 1.6x |
| Mon, 10 Oct 2022 | €746.4b | €511.3b | €80.6b | 12.7x | 9.3x | 1.5x |
Price to Earnings Ratio
9.3x
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 21.0x which is higher than its 3-year average PE of 18.5x.
Past Earnings Growth
- The earnings for Dutch listed companies have declined 13% per year over the last three years.
- Meanwhile revenues have been flat.
- This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.
Sector Trends
Which sectors have driven the changes within the Dutch Market?
| NL Market | 4.54% | |
| Tech | 8.20% | |
| Consumer Discretionary | 5.15% | |
| Real Estate | 4.78% | |
| Healthcare | 4.34% | |
| Telecom | 4.23% | |
| Materials | 3.19% | |
| Industrials | 3.11% | |
| Financials | 1.95% | |
| Consumer Staples | 0.63% | |
| Utilities | 0% | 0 |
| Energy | -1.05% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 38.9x.
- Analysts are expecting annual earnings growth of 11.0%, which is lower than the prior year's growth of 23.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 34% over the next 5 years.
- In contrast, the Telecom sector is expected to see its earnings decline by 3.4% 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 | €877.60 | 8.1% +€25.5b | 16.2% | PE36.1x | Tech | |
| PRX Prosus | €61.14 | 5.4% +€6.9b | 49.3% | PE12.7x | Consumer Discretionary | |
| UMG Universal Music Group | €25.27 | 6.4% +€2.8b | 7.7% | PE17.8x | Telecom | |
| ASM ASM International | €552.60 | 10.9% +€2.7b | -6.4% | PE51.3x | Tech | |
| ADYEN Adyen | €1.46k | 5.6% +€2.5b | 7.6% | PE46x | Financials |
