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Dutch (AEX) Market Analysis & Valuation

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies101
  • 7D-0.4%
  • 3M13.9%
  • 1Y24.5%
  • YTD8.6%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 5.1% in that time. More promisingly, the market is up 24% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026€1.3t€519.5b€58.9b17x22.5x2.5x
Tue, 27 Jan 2026€1.3t€537.5b€54.5b17.2x23.2x2.4x
Thu, 25 Dec 2025€1.1t€540.6b€54.7b16.6x20.1x2x
Sat, 22 Nov 2025€1.1t€533.6b€53.6b16.6x19.8x2x
Mon, 20 Oct 2025€1.1t€531.6b€53.5b17.2x20.5x2.1x
Wed, 17 Sep 2025€1.0t€549.3b€67.4b16.4x15.4x1.9x
Fri, 15 Aug 2025€1.0t€547.8b€65.8b16.9x15.4x1.8x
Sun, 13 Jul 2025€1.0t€542.7b€62.1b19.7x16.8x1.9x
Tue, 10 Jun 2025€1.1t€543.5b€58.4b19.1x18.1x1.9x
Thu, 08 May 2025€988.0b€543.9b€58.6b18.9x16.9x1.8x
Sat, 05 Apr 2025€911.5b€543.6b€57.3b16.5x15.9x1.7x
Mon, 03 Mar 2025€1.0t€568.1b€59.3b18.3x17.5x1.8x
Wed, 29 Jan 2025€984.3b€565.6b€51.8b17.1x19x1.7x
Fri, 27 Dec 2024€988.8b€562.8b€51.6b16.1x19.2x1.8x
Sun, 24 Nov 2024€969.3b€562.4b€50.5b16.7x19.2x1.7x
Tue, 22 Oct 2024€1.0t€563.4b€52.8b18.1x19x1.8x
Thu, 19 Sep 2024€1.0t€566.9b€40.1b16.3x25.2x1.8x
Sat, 17 Aug 2024€1.0t€564.5b€40.3b15.5x25.9x1.9x
Mon, 15 Jul 2024€1.1t€560.6b€41.0b16.6x27.8x2x
Wed, 12 Jun 2024€1.1t€562.2b€44.6b17.5x25.1x2x
Fri, 10 May 2024€1.1t€561.8b€44.3b18.7x24.4x1.9x
Sun, 07 Apr 2024€1.0t€565.8b€45.3b16.4x23.2x1.9x
Tue, 05 Mar 2024€1.0t€567.0b€48.8b16.6x20.9x1.8x
Thu, 01 Feb 2024€966.9b€591.6b€60.7b16.5x15.9x1.6x
Sat, 30 Dec 2023€917.1b€593.9b€60.0b16.8x15.3x1.5x
Mon, 27 Nov 2023€880.0b€596.6b€59.3b15.7x14.8x1.5x
Wed, 25 Oct 2023€794.5b€593.7b€52.4b15.3x15.2x1.3x
Fri, 22 Sep 2023€825.3b€591.9b€50.2b16.8x16.4x1.4x
Sun, 20 Aug 2023€860.9b€572.9b€47.4b16.5x18.2x1.5x
Tue, 18 Jul 2023€929.0b€579.7b€51.4b17x18.1x1.6x
Thu, 15 Jun 2023€929.0b€586.0b€48.2b16.9x19.3x1.6x
Sat, 13 May 2023€881.8b€574.1b€47.6b17.2x18.5x1.5x
Mon, 10 Apr 2023€891.2b€567.6b€47.5b16.4x18.8x1.6x
Wed, 08 Mar 2023€889.5b€541.2b€43.8b15.9x20.3x1.6x
Price to Earnings Ratio

20.3x


Total Market Cap: €889.5bTotal Earnings: €43.8bTotal Revenue: €541.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19.4x202420252026
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 22.5x which is higher than its 3-year average PE of 19.4x.
Past Earnings Growth
  • The earnings for Dutch listed companies have grown 10% 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 Market-0.37%
Energy5.12%
Consumer Staples2.35%
Healthcare2.21%
Industrials1.28%
Materials0.26%
Utilities0%0
Telecom-0.56%
Financials-0.59%
Consumer Discretionary-1.43%
Tech-1.49%
Real Estate-3.81%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 38.8x.
    • Analysts are expecting annual earnings growth of 16.2%, which is lower than the prior year's growth of 32.7% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 8.2% 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
CCEP Coca-Cola Europacific Partners€93.304.2%
+€1.6b
12.8%PE21.5xConsumer Staples
AD Koninklijke Ahold Delhaize€41.774.3%
+€1.5b
23.0%PE16.4xConsumer Staples
WKL Wolters Kluwer€68.109.2%
+€1.3b
-53.9%PE11.7xIndustrials
HAL HAL Trust€178.208.1%
+€1.2b
50.8%PE9.3xFinancials
CSG CSG€31.832.3%
+€720.0m
n/aPE54.5xIndustrials
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