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Dutch (AEX) Market Analysis & Valuation

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies100
  • 7D-4.2%
  • 3M9.2%
  • 1Y21.7%
  • YTD5.4%

Over the last 7 days, the market has dropped 4.2%, driven by a loss of 6.5% in the Information Technology sector. In the last year, the market is actually up 22%. Looking forward, earnings are forecast to grow by 12% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026€1.3t€523.5b€61.8b16.6x20.6x2.4x
Sun, 01 Feb 2026€1.3t€539.7b€56.0b17x22.7x2.4x
Tue, 30 Dec 2025€1.1t€540.7b€54.7b16.6x20.2x2x
Thu, 27 Nov 2025€1.1t€533.6b€54.3b17.1x20.2x2.1x
Sat, 25 Oct 2025€1.1t€531.5b€53.1b17.3x21x2.1x
Mon, 22 Sep 2025€1.1t€534.5b€52.9b16.5x20x2x
Wed, 20 Aug 2025€1.0t€548.0b€65.8b16.8x15.5x1.9x
Fri, 18 Jul 2025€1.0t€544.6b€62.8b19.4x16.5x1.9x
Sun, 15 Jun 2025€1.0t€542.8b€58.3b18.7x17.8x1.9x
Tue, 13 May 2025€1.0t€545.4b€58.8b18.8x17.6x1.9x
Thu, 10 Apr 2025€877.3b€543.6b€57.4b15.8x15.3x1.6x
Sat, 08 Mar 2025€1.0t€562.7b€59.2b19.3x17.5x1.8x
Mon, 03 Feb 2025€1.0t€568.1b€52.6b17.1x19.5x1.8x
Wed, 01 Jan 2025€988.3b€562.9b€51.6b16.3x19.2x1.8x
Fri, 29 Nov 2024€969.9b€561.5b€50.5b16.7x19.2x1.7x
Sun, 27 Oct 2024€1.0t€563.1b€52.8b18x19.1x1.8x
Tue, 24 Sep 2024€1.0t€566.6b€40.0b16.8x25.3x1.8x
Thu, 22 Aug 2024€1.1t€563.9b€40.3b15.5x26.2x1.9x
Sat, 20 Jul 2024€1.1t€560.1b€40.8b16.5x25.9x1.9x
Mon, 17 Jun 2024€1.1t€562.5b€44.6b17.6x24.9x2x
Wed, 15 May 2024€1.1t€561.5b€44.3b18.7x24.5x1.9x
Fri, 12 Apr 2024€1.0t€522.0b€45.9b16.8x22.9x2x
Sun, 10 Mar 2024€1.0t€566.7b€48.7b16.9x21.1x1.8x
Tue, 06 Feb 2024€972.2b€570.6b€52.4b15.1x18.5x1.7x
Thu, 04 Jan 2024€895.1b€595.0b€60.2b16.6x14.9x1.5x
Sat, 02 Dec 2023€883.9b€597.4b€60.4b15.4x14.6x1.5x
Mon, 30 Oct 2023€796.9b€592.6b€52.8b15.6x15.1x1.3x
Wed, 27 Sep 2023€812.4b€592.7b€50.4b16.5x16.1x1.4x
Fri, 25 Aug 2023€896.7b€573.3b€46.7b16.2x19.2x1.6x
Sun, 23 Jul 2023€917.0b€582.4b€51.8b17.1x17.7x1.6x
Tue, 20 Jun 2023€935.5b€583.7b€48.0b16.8x19.5x1.6x
Thu, 18 May 2023€897.0b€576.1b€47.7b17.2x18.8x1.6x
Sat, 15 Apr 2023€893.5b€566.8b€47.4b16.7x18.9x1.6x
Mon, 13 Mar 2023€877.5b€547.4b€43.7b15.8x20.1x1.6x
Price to Earnings Ratio

20.1x


Total Market Cap: €877.5bTotal Earnings: €43.7bTotal Revenue: €547.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 19.4x202420252026
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 19.4x.
Past Earnings Growth
  • The earnings for Dutch listed companies have grown 12% 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-3.72%
Telecom1.84%
Utilities0%0
Industrials-0.94%
Energy-3.10%
Tech-3.33%
Consumer Staples-3.63%
Consumer Discretionary-4.14%
Healthcare-4.67%
Real Estate-4.70%
Financials-5.33%
Materials-8.91%
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 16.1%, which is lower than the prior year's growth of 32.7% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 18% 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
UMG Universal Music Group€19.362.9%
+€990.3m
-25.5%PE13.6xTelecom
WKL Wolters Kluwer€68.423.5%
+€521.7m
-51.7%PE11.8xIndustrials
ASM ASM International€716.401.3%
+€463.7m
57.2%PE48.4xTech
ARCAD Arcadis€30.784.7%
+€118.1m
-34.1%PE12.7xIndustrials
ALLFG Allfunds Group€8.462.3%
+€115.5m
50.8%PE2236.6xFinancials
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