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Dutch (AEX) Market Analysis & Valuation

UpdatedFeb 26, 2025
DataAggregated Company Financials
Companies101
  • 7D-2.1%
  • 3M10.1%
  • 1Y0.6%
  • YTD6.7%

Over the last 7 days, the market has dropped 2.1%, driven by a loss of 2.6% in the Information Technology sector. In the last 12 months the market has been flat overall. 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
Wed, 26 Feb 2025€1.1t€568.2b€57.6b18.1x18.3x1.9x
Fri, 24 Jan 2025€1.0t€565.7b€51.8b16.8x19.5x1.8x
Sun, 22 Dec 2024€988.3b€562.7b€51.6b16x19.2x1.8x
Tue, 19 Nov 2024€961.3b€561.5b€50.7b16.9x19x1.7x
Thu, 17 Oct 2024€991.8b€563.1b€52.9b18x18.7x1.8x
Sat, 14 Sep 2024€1.0t€567.1b€40.1b16.5x25.4x1.8x
Mon, 12 Aug 2024€1.0t€565.2b€40.3b15.4x25x1.8x
Wed, 10 Jul 2024€1.1t€561.3b€41.1b15.8x27.2x2x
Fri, 07 Jun 2024€1.1t€561.2b€44.5b17.6x25.3x2x
Sun, 05 May 2024€1.1t€561.8b€44.5b16.9x23.9x1.9x
Tue, 02 Apr 2024€1.0t€553.4b€45.5b16.6x22.8x1.9x
Thu, 29 Feb 2024€1.0t€566.1b€49.3b15.9x20.3x1.8x
Sat, 27 Jan 2024€968.2b€592.4b€60.8b16.5x15.9x1.6x
Mon, 25 Dec 2023€914.1b€594.2b€60.1b16.5x15.2x1.5x
Wed, 22 Nov 2023€870.8b€596.8b€59.3b15.7x14.7x1.5x
Fri, 20 Oct 2023€805.3b€593.6b€50.7b15.5x15.9x1.4x
Sun, 17 Sep 2023€879.1b€591.9b€50.1b17x17.5x1.5x
Tue, 15 Aug 2023€898.0b€575.6b€47.3b16.9x19x1.6x
Thu, 13 Jul 2023€919.1b€580.5b€51.7b16.7x17.8x1.6x
Sat, 10 Jun 2023€910.8b€586.9b€48.4b16.8x18.8x1.6x
Mon, 08 May 2023€868.1b€569.7b€46.3b17.3x18.8x1.5x
Wed, 05 Apr 2023€900.1b€564.5b€50.4b16.1x17.8x1.6x
Fri, 03 Mar 2023€891.7b€555.4b€45.3b16.3x19.7x1.6x
Sun, 29 Jan 2023€924.1b€542.0b€53.9b15.6x17.1x1.7x
Tue, 27 Dec 2022€824.2b€543.5b€54.4b14.3x15.2x1.5x
Thu, 24 Nov 2022€862.6b€545.4b€67.7b14.3x12.7x1.6x
Sat, 22 Oct 2022€748.7b€511.4b€80.3b13.2x9.3x1.5x
Mon, 19 Sep 2022€783.6b€514.0b€73.4b12.7x10.7x1.5x
Wed, 17 Aug 2022€884.5b€508.9b€72.5b14.9x12.2x1.7x
Fri, 15 Jul 2022€801.2b€520.8b€76.4b14.9x10.5x1.5x
Sun, 12 Jun 2022€882.2b€514.5b€75.9b15.1x11.6x1.7x
Tue, 10 May 2022€847.9b€529.0b€75.3b15x11.3x1.6x
Thu, 07 Apr 2022€956.9b€520.4b€73.9b17x12.9x1.8x
Sat, 05 Mar 2022€1.2t€955.6b€92.1b16.6x13.5x1.3x
Price to Earnings Ratio

13.5x


Total Market Cap: €1.2tTotal Earnings: €92.1bTotal Revenue: €955.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 17.5x202320242025
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 17.5x.
Past Earnings Growth
  • The earnings for companies in the Dutch industry have declined 14% per year over the last three years.
  • Revenues have also declined 16% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Dutch Market?

NL Market-2.06%
Consumer Staples2.35%
Real Estate0.92%
Utilities0%0
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Telecom-1.69%
Financials-2.13%
Materials-2.17%
Industrials-2.60%
Tech-2.61%
Consumer Discretionary-4.67%
Energy-4.97%
Healthcare-6.33%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 96.3x.
    • Analysts are expecting annual earnings growth of 25.4%, which is lower than the prior year's growth of 38.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 54% over the next 5 years.
  • In contrast, the Financials 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
HEIA Heineken€82.285.5%
+€2.4b
-4.7%PE47.1xConsumer Staples
INGA ING Groep€16.953.2%
+€1.6b
32.8%PB1xFinancials
PHIA Koninklijke Philips€25.736.9%
+€1.5b
43.8%PS1.3xHealthcare
TKWY Just Eat Takeaway.com€19.3753.1%
+€1.4b
31.3%PS1.1xConsumer Discretionary
NN NN Group€48.817.0%
+€858.1m
27.9%PE8.7xFinancials
See more
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