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Dutch (AEX) Market Analysis & Valuation

UpdatedAug 09, 2025
DataAggregated Company Financials
Companies99
  • 7D2.6%
  • 3M0.6%
  • 1Y1.4%
  • YTD2.5%

The market is up 2.6% in the last 7 days, led by the Financials and Information Technology sectors. In the last 12 months, the market has been flat. Looking forward, earnings are forecast to grow by 8.6% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 28 Jan 2023€924.1b€542.1b€53.9b15.6x17.1x1.7x
Mon, 26 Dec 2022€824.2b€543.5b€54.4b14.3x15.2x1.5x
Wed, 23 Nov 2022€854.9b€546.3b€68.0b14.3x12.6x1.6x
Fri, 21 Oct 2022€750.2b€511.2b€80.2b13.1x9.4x1.5x
Sun, 18 Sep 2022€783.6b€514.0b€73.4b12.7x10.7x1.5x
Tue, 16 Aug 2022€884.9b€509.0b€72.5b15x12.2x1.7x
Price to Earnings Ratio

12.2x


Total Market Cap: €884.9bTotal Earnings: €72.5bTotal Revenue: €509.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 18.2x202320242025
Current Market PE
  • Investors are pessimistic on the Dutch market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 15.2x which is lower than its 3-year average PE of 18.2x.
Past Earnings Growth
  • The earnings for Dutch listed companies have declined 3.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Dutch Market?

NL Market2.56%
Consumer Discretionary4.10%
Materials4.01%
Real Estate3.97%
Financials3.90%
Tech3.42%
Telecom1.50%
Healthcare0.88%
Consumer Staples0.32%
Utilities0%0
Energy-2.00%
Industrials-2.51%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 39.3x.
    • Analysts are expecting annual earnings growth of 11.2%, which is lower than the prior year's growth of 12.6% 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 2.0% 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
ASML ASML Holding€616.903.7%
+€8.5b
-21.3%PE25.4xTech
PRX Prosus€50.504.4%
+€4.6b
56.4%PE10.5xConsumer Discretionary
INGA ING Groep€20.514.8%
+€2.6b
34.9%PB1.1xFinancials
MT ArcelorMittal€28.827.7%
+€1.6b
43.5%PE10.2xMaterials
ADYEN Adyen€1.49k3.2%
+€1.5b
37.7%PE50.9xFinancials
See more

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