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Dutch (AEX) Market Analysis & Valuation

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies99
  • 7D0.8%
  • 3M1.4%
  • 1Y35.6%
  • YTD7.2%

The market has stayed flat over the 7 days. More promisingly, the market is up 36% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026€1.3t€547.2b€61.3b17.8x21.3x2.4x
Sat, 21 Mar 2026€1.2t€539.2b€60.8b16x19.7x2.2x
Mon, 16 Feb 2026€1.3t€525.7b€58.2b16.9x22x2.4x
Wed, 14 Jan 2026€1.2t€541.3b€54.8b16.8x22x2.2x
Fri, 12 Dec 2025€1.1t€532.7b€54.1b16.8x20.6x2.1x
Sun, 09 Nov 2025€1.1t€533.4b€53.8b16.1x20.2x2x
Tue, 07 Oct 2025€1.1t€534.8b€53.0b17.3x21.2x2.1x
Thu, 04 Sep 2025€989.6b€550.2b€67.1b16.6x14.7x1.8x
Sat, 02 Aug 2025€976.6b€543.3b€65.9b16.9x14.8x1.8x
Mon, 30 Jun 2025€1.0t€542.6b€62.0b19x16.8x1.9x
Wed, 28 May 2025€1.0t€544.0b€58.4b19.1x17.8x1.9x
Fri, 25 Apr 2025€955.9b€543.1b€58.1b16.7x16.5x1.8x
Sun, 23 Mar 2025€1.0t€567.5b€58.5b18.1x17.4x1.8x
Tue, 18 Feb 2025€1.1t€571.9b€57.7b17.7x18.7x1.9x
Thu, 16 Jan 2025€995.8b€566.7b€51.9b16.3x19.2x1.8x
Sat, 14 Dec 2024€1.0t€562.2b€51.5b17.2x19.5x1.8x
Mon, 11 Nov 2024€967.8b€560.2b€50.7b17.2x19.1x1.7x
Wed, 09 Oct 2024€1.0t€561.5b€52.7b17.6x19.8x1.9x
Fri, 06 Sep 2024€1.0t€566.6b€40.1b16x25.1x1.8x
Sun, 04 Aug 2024€981.5b€562.1b€38.8b15.7x25.3x1.7x
Tue, 02 Jul 2024€1.1t€561.8b€41.1b16.1x26.9x2x
Thu, 30 May 2024€1.1t€561.8b€44.5b17.8x24.5x1.9x
Sat, 27 Apr 2024€1.0t€564.7b€45.1b15.6x22.8x1.8x
Mon, 25 Mar 2024€1.0t€547.6b€46.0b16.4x22.5x1.9x
Wed, 21 Feb 2024€989.4b€566.5b€48.4b15.8x20.4x1.7x
Fri, 19 Jan 2024€907.0b€590.9b€60.2b16.1x15.1x1.5x
Sun, 17 Dec 2023€931.0b€595.1b€60.2b16.4x15.5x1.6x
Tue, 14 Nov 2023€855.3b€598.4b€59.6b15.7x14.4x1.4x
Thu, 12 Oct 2023€831.3b€592.3b€50.3b15.9x16.5x1.4x
Sat, 09 Sep 2023€885.3b€588.9b€49.2b17x18x1.5x
Mon, 07 Aug 2023€913.5b€573.8b€47.3b16.2x19.3x1.6x
Wed, 05 Jul 2023€934.2b€582.5b€52.0b16.5x18x1.6x
Fri, 02 Jun 2023€882.3b€585.1b€48.2b16.7x18.3x1.5x
Sun, 30 Apr 2023€867.4b€573.0b€49.0b17.4x17.7x1.5x
Price to Earnings Ratio

17.7x


Total Market Cap: €867.4bTotal Earnings: €49.0bTotal Revenue: €573.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19.5x202420252026
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 19.5x.
Past Earnings Growth
  • The earnings for Dutch listed companies have grown 7.7% 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 Market0.83%
Tech2.44%
Energy0.91%
Materials0.80%
Consumer Staples0.55%
Industrials0.46%
Utilities0%0
Consumer Discretionary-0.20%
Financials-1.00%
Telecom-1.37%
Real Estate-1.53%
Healthcare-2.02%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 39.1x.
    • Analysts expect its future annual earnings growth (16.3%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.7x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 20% 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 8.3% 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€1.25k1.6%
+€7.6b		115.1%PE48xTech
ASM ASM International€837.6011.1%
+€4.1b		107.3%PE41.3xTech
BESI BE Semiconductor Industries€232.306.8%
+€1.2b		147.2%PE139.7xTech
AD Koninklijke Ahold Delhaize€41.642.4%
+€847.7m		16.4%PE16.2xConsumer Staples
CVC CVC Capital Partners€13.186.3%
+€819.8m		-16.6%PE11.7xFinancials
See more

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