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, 16 Jun 2026	€1.4t	€538.3b	€61.3b	18.3x	23.6x	2.7x
Thu, 14 May 2026	€1.3t	€537.0b	€60.7b	17.9x	21.5x	2.4x
Sat, 11 Apr 2026	€1.3t	€546.9b	€60.6b	16.9x	21.4x	2.4x
Mon, 09 Mar 2026	€1.2t	€538.0b	€60.6b	16.3x	20.5x	2.3x
Wed, 04 Feb 2026	€1.3t	€539.9b	€56.0b	17.4x	22.6x	2.3x
Fri, 02 Jan 2026	€1.1t	€540.7b	€54.7b	16.6x	20.4x	2.1x
Sun, 30 Nov 2025	€1.1t	€533.6b	€54.3b	17.1x	20.2x	2.1x
Tue, 28 Oct 2025	€1.1t	€531.3b	€53.0b	17.2x	21.2x	2.1x
Thu, 25 Sep 2025	€1.1t	€534.6b	€52.9b	16.5x	20.2x	2x
Sat, 23 Aug 2025	€1.0t	€549.0b	€66.7b	16.5x	15.4x	1.9x
Mon, 21 Jul 2025	€1.0t	€544.4b	€62.8b	19.3x	16.5x	1.9x
Wed, 18 Jun 2025	€1.0t	€543.6b	€58.3b	18.6x	17.7x	1.9x
Fri, 16 May 2025	€1.0t	€544.9b	€58.6b	18.8x	17.8x	1.9x
Sun, 13 Apr 2025	€904.0b	€541.2b	€57.1b	16x	15.8x	1.7x
Tue, 11 Mar 2025	€1.0t	€561.8b	€58.3b	18.3x	17.3x	1.8x
Thu, 06 Feb 2025	€1.0t	€567.8b	€52.6b	17x	19.4x	1.8x
Sat, 04 Jan 2025	€989.3b	€563.8b	€51.7b	16.3x	19.1x	1.8x
Mon, 02 Dec 2024	€980.1b	€561.2b	€50.6b	16.6x	19.4x	1.7x
Wed, 30 Oct 2024	€999.2b	€562.9b	€53.0b	18.1x	18.9x	1.8x
Fri, 27 Sep 2024	€1.0t	€560.3b	€52.6b	17.2x	20x	1.9x
Sun, 25 Aug 2024	€1.0t	€566.1b	€40.0b	15.7x	26.2x	1.9x
Tue, 23 Jul 2024	€1.0t	€560.1b	€40.8b	16.6x	25.5x	1.9x
Thu, 20 Jun 2024	€1.1t	€562.3b	€44.6b	17.6x	25x	2x
Sat, 18 May 2024	€1.1t	€561.4b	€44.5b	18.8x	24.8x	2x
Mon, 15 Apr 2024	€1.0t	€567.4b	€46.0b	17.1x	22.7x	1.8x
Wed, 13 Mar 2024	€1.0t	€562.4b	€45.5b	16.8x	22.4x	1.8x
Fri, 09 Feb 2024	€996.9b	€568.0b	€49.5b	16.3x	20.2x	1.8x
Sun, 07 Jan 2024	€893.0b	€590.4b	€60.1b	16.2x	14.8x	1.5x
Tue, 05 Dec 2023	€883.1b	€597.9b	€60.4b	15.4x	14.6x	1.5x
Thu, 02 Nov 2023	€804.4b	€592.8b	€52.8b	15.7x	15.2x	1.4x
Sat, 30 Sep 2023	€824.3b	€592.6b	€50.4b	16.8x	16.4x	1.4x
Mon, 28 Aug 2023	€892.8b	€573.7b	€46.6b	17.2x	19.2x	1.6x
Wed, 26 Jul 2023	€921.4b	€583.3b	€52.0b	17.2x	17.7x	1.6x
Fri, 23 Jun 2023	€898.4b	€583.4b	€48.0b	16.6x	18.7x	1.5x

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 23.6x which is higher than its 3-year average PE of 19.7x.

Past Earnings Growth

The earnings for Dutch listed companies have grown 8.5% 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	4.64%
Tech	8.18%
Consumer Staples	4.02%
Materials	3.99%
Real Estate	2.61%
Healthcare	1.56%
Financials	1.18%
Industrials	0.096%
Energy	0.064%
Consumer Discretionary	-0.25%
Telecom	-0.55%
Utilities	-4.00%

Sector PE

Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 39.9x.

The market's confidence is likely because analysts are expecting annual earnings growth of 17.2%, 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	€1.62k	7.1% +€41.4b	142.1%	PE62.4x	Tech
ASM ASM International	€1.03k	15.2% +€6.6b	96.1%	PE50.6x	Tech
BESI BE Semiconductor Industries	€314.30	11.9% +€2.6b	147.5%	PE164x	Tech
INGA ING Groep	€26.33	3.7% +€2.6b	44.9%	PB1.5x	Financials
HEIA Heineken	€70.36	5.9% +€2.1b	-6.9%	PE20.1x	Consumer Staples

Company

Last Price

Valuation

Sector

ASML ASML Holding

€1.62k

7.1%
+€41.4b

142.1%

PE62.4x

Tech

ASM ASM International

€1.03k

15.2%
+€6.6b

96.1%

PE50.6x

Tech

BESI BE Semiconductor Industries

€314.30

11.9%
+€2.6b

147.5%

PE164x

Tech

INGA ING Groep

€26.33

3.7%
+€2.6b

44.9%

PB1.5x

Financials

HEIA Heineken

€70.36

5.9%
+€2.1b

-6.9%

PE20.1x

Consumer Staples

Arcadis And Jupiter Intelligence Launch PRICE Adaptation Framework To Help Organizations Compare Climate Adaptation Options And Prioritize Resilience Spending

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Dutch (AEX) Market Analysis & Valuation

Market Valuation and Performance

Sector Trends

Top Stock Gainers and Losers

Market Insights

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Upcoming dividend of €0.10 per share