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Dutch (AEX) Market Analysis & Valuation

UpdatedMay 09, 2025
DataAggregated Company Financials
Companies99
  • 7D4.4%
  • 3M-1.6%
  • 1Y-6.5%
  • YTD1.7%

The market has climbed 4.4% in the last 7 days, lead by the Information Technology sector with a gain of 8.1%. In contrast, the Healthcare sector is lagging, dropping 3.6%. Longer term the market is actually down 6.5% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 May 2025€1.0t€544.5b€58.7b18.5x17.1x1.8x
Sun, 06 Apr 2025€911.5b€543.6b€57.3b16.5x15.9x1.7x
Tue, 04 Mar 2025€1.0t€567.2b€59.2b18.2x17.7x1.9x
Thu, 30 Jan 2025€989.2b€565.6b€51.8b17.1x19.1x1.7x
Sat, 28 Dec 2024€991.0b€562.8b€51.6b16.1x19.2x1.8x
Mon, 25 Nov 2024€969.3b€562.3b€50.7b16.7x19.1x1.7x
Wed, 23 Oct 2024€1.0t€563.5b€52.8b18.1x19.1x1.8x
Fri, 20 Sep 2024€1.0t€566.6b€40.0b16.1x25.8x1.8x
Sun, 18 Aug 2024€1.0t€564.7b€40.3b15.5x25.9x1.9x
Tue, 16 Jul 2024€1.1t€560.7b€41.0b16.3x27.5x2x
Thu, 13 Jun 2024€1.1t€561.8b€44.5b17.5x25.1x2x
Sat, 11 May 2024€1.1t€561.8b€44.3b18.7x24.5x1.9x
Mon, 08 Apr 2024€1.0t€565.8b€45.3b16.4x23.2x1.9x
Wed, 06 Mar 2024€1.0t€567.0b€48.8b16.7x20.7x1.8x
Fri, 02 Feb 2024€969.6b€579.1b€52.6b16.3x18.4x1.7x
Sun, 31 Dec 2023€917.1b€594.0b€60.0b16.8x15.3x1.5x
Tue, 28 Nov 2023€876.7b€596.7b€59.3b15.8x14.8x1.5x
Thu, 26 Oct 2023€801.7b€593.7b€52.7b15.5x15.2x1.4x
Sat, 23 Sep 2023€825.9b€591.9b€50.2b16.7x16.4x1.4x
Mon, 21 Aug 2023€860.9b€572.9b€47.4b16.5x18.2x1.5x
Wed, 19 Jul 2023€930.4b€579.8b€51.4b16.9x18.1x1.6x
Fri, 16 Jun 2023€926.2b€585.4b€48.2b17x19.2x1.6x
Sun, 14 May 2023€881.8b€574.2b€47.6b17.1x18.5x1.5x
Tue, 11 Apr 2023€891.2b€567.6b€47.5b16.4x18.8x1.6x
Thu, 09 Mar 2023€892.0b€541.4b€43.8b15.9x20.4x1.6x
Sat, 04 Feb 2023€933.6b€543.1b€53.5b15.2x17.4x1.7x
Mon, 02 Jan 2023€811.2b€542.1b€54.2b14.1x15x1.5x
Wed, 30 Nov 2022€852.3b€546.2b€54.8b14.4x15.6x1.6x
Fri, 28 Oct 2022€765.4b€510.8b€77.3b13.5x9.9x1.5x
Sun, 25 Sep 2022€744.3b€514.2b€74.3b12.3x10x1.4x
Tue, 23 Aug 2022€844.3b€512.7b€73.6b14x11.5x1.6x
Thu, 21 Jul 2022€851.4b€518.8b€75.6b15.1x11.3x1.6x
Sat, 18 Jun 2022€829.3b€515.3b€76.3b14.4x10.9x1.6x
Mon, 16 May 2022€892.8b€515.6b€76.0b15.7x11.7x1.7x
Price to Earnings Ratio

11.7x


Total Market Cap: €892.8bTotal Earnings: €76.0bTotal Revenue: €515.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 17.7x202320242025
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 17.7x.
Past Earnings Growth
  • The earnings for Dutch listed companies have declined 8.3% 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 Market4.38%
Tech8.10%
Consumer Discretionary5.64%
Financials4.72%
Industrials3.51%
Energy2.67%
Telecom2.25%
Materials1.00%
Consumer Staples1.00%
Utilities0%0
Real Estate-2.12%
Healthcare-3.61%
Sector PE
  • Investors favour the Healthcare sector the most for future growth which is trading above its 3-year average PE ratio.
    • This is likely because analysts are expecting annual earnings growth of 31.9% 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 29.6x.
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 industry is expected to see its earnings growth to stay flat 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€630.508.2%
+€18.9b
-25.6%PE28.5xTech
PRX Prosus€43.376.0%
+€5.6b
27.9%PE14xConsumer Discretionary
ADYEN Adyen€1.56k10.2%
+€4.6b
27.4%PE53.2xFinancials
INGA ING Groep€17.995.7%
+€2.8b
12.2%PB1.1xFinancials
UMG Universal Music Group€26.763.5%
+€1.7b
-7.3%PE23.5xTelecom
See more
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