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Dutch (AEX) Market Analysis & Valuation

UpdatedMay 31, 2025
DataAggregated Company Financials
Companies98
  • 7D1.5%
  • 3M0.09%
  • 1Y-3.7%
  • YTD5.1%

The market has climbed 1.5% over the last week, with theInformation Technology and Healthcare sectors leading the way. Over the past year the market is down 3.7%. 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
Sat, 31 May 2025€1.0t€543.9b€58.4b18.8x17.7x1.9x
Mon, 28 Apr 2025€957.0b€543.3b€57.9b17.2x16.5x1.8x
Wed, 26 Mar 2025€1.0t€567.7b€58.5b17.9x17.5x1.8x
Fri, 21 Feb 2025€1.1t€571.7b€57.6b17.7x18.5x1.9x
Sun, 19 Jan 2025€1.0t€566.7b€51.9b16.6x19.7x1.8x
Tue, 17 Dec 2024€1.0t€562.2b€51.5b16.8x19.4x1.8x
Thu, 14 Nov 2024€958.3b€561.4b€50.6b16.8x18.9x1.7x
Sat, 12 Oct 2024€1.1t€561.8b€52.7b18.1x19.9x1.9x
Mon, 09 Sep 2024€985.2b€567.0b€40.1b16.1x24.6x1.7x
Wed, 07 Aug 2024€988.1b€564.3b€40.5b15.5x24.4x1.8x
Fri, 05 Jul 2024€1.1t€561.3b€41.1b16.5x27.4x2x
Sun, 02 Jun 2024€1.1t€561.5b€44.5b17.8x24.4x1.9x
Tue, 30 Apr 2024€1.0t€564.5b€45.0b15.8x23.1x1.8x
Thu, 28 Mar 2024€1.0t€551.0b€45.9b16.2x22.6x1.9x
Sat, 24 Feb 2024€1.0t€566.0b€48.5b16.1x20.7x1.8x
Mon, 22 Jan 2024€910.2b€590.7b€60.2b15.8x15.1x1.5x
Wed, 20 Dec 2023€925.2b€594.5b€60.1b16.4x15.4x1.6x
Fri, 17 Nov 2023€877.7b€597.4b€59.4b15.8x14.8x1.5x
Sun, 15 Oct 2023€819.8b€593.2b€50.5b15.7x16.2x1.4x
Tue, 12 Sep 2023€885.1b€588.6b€49.2b17x18x1.5x
Thu, 10 Aug 2023€903.2b€574.0b€47.3b16.5x19.1x1.6x
Sat, 08 Jul 2023€898.7b€581.9b€51.9b16.5x17.3x1.5x
Mon, 05 Jun 2023€918.6b€585.5b€48.3b16.9x19x1.6x
Wed, 03 May 2023€861.0b€573.2b€49.1b17.4x17.5x1.5x
Fri, 31 Mar 2023€900.7b€564.9b€50.5b16.2x17.8x1.6x
Sun, 26 Feb 2023€883.4b€554.6b€48.0b16x18.4x1.6x
Tue, 24 Jan 2023€917.6b€540.6b€53.9b16x17x1.7x
Thu, 22 Dec 2022€839.6b€543.7b€54.4b14.3x15.4x1.5x
Sat, 19 Nov 2022€854.8b€545.5b€67.7b14.2x12.6x1.6x
Mon, 17 Oct 2022€721.8b€511.6b€80.8b12.3x8.9x1.4x
Wed, 14 Sep 2022€826.8b€512.8b€72.9b13.5x11.3x1.6x
Fri, 12 Aug 2022€886.7b€540.6b€73.7b15x12x1.6x
Sun, 10 Jul 2022€821.6b€519.0b€75.8b15x10.8x1.6x
Tue, 07 Jun 2022€923.4b€512.9b€75.3b15.3x12.3x1.8x
Price to Earnings Ratio

12.3x


Total Market Cap: €923.4bTotal Earnings: €75.3bTotal Revenue: €512.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 17.9x202320242025
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 17.9x.
Past Earnings Growth
  • The earnings for Dutch listed companies have declined 8.1% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Dutch Market?

NL Market1.47%
Energy4.22%
Real Estate4.15%
Financials2.11%
Consumer Staples1.94%
Tech1.81%
Healthcare1.02%
Telecom0.98%
Materials0.80%
Consumer Discretionary0.25%
Utilities0%0
Industrials-0.41%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 11.4x.
    • This is likely because analysts are expecting annual earnings growth of 32.2% and investors are willing to pay a premium for that growth.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 24.7x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 2.3% 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€653.901.8%
+€4.4b
-24.9%PE29.6xTech
ADYEN Adyen€1.69k6.5%
+€3.3b
42.6%PE57.5xFinancials
HEIA Heineken€78.422.8%
+€1.2b
-14.6%PE44.9xConsumer Staples
CCEP Coca-Cola Europacific Partners€80.902.9%
+€1.0b
21.3%PE26.1xConsumer Staples
UMG Universal Music Group€28.161.4%
+€726.2m
-1.5%PE24.8xTelecom
See more
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Market Insights

The AI frenzy of 2023 and 2024 has cooled down and entered the "show me the money" phase. Earnings season has shed a lot of light on where we stand. So it’s time for an update on the industry and a look at the companies successfully deploying AI, monetizing it, and the potential opportunities for investors.

Latest News

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Wolters Kluwer

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Van Lanschot Kempen

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1Y

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Flow Traders

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FFARM

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ForFarmers

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1Y

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