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Dutch (AEX) Market Analysis & Valuation
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies98
- 7D-2.2%
- 3M6.6%
- 1Y13.5%
- YTD11.3%
Over the last 7 days, the market has dropped 2.2%, driven by declines in the Consumer Discretionary and Information Technology sectors of 6.9% and 2.3%, respectively. In contrast to the last week, the market is actually up 13% over the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 25 Nov 2025 | €1.1t | €533.5b | €53.6b | 16.6x | 19.8x | 2x |
| Thu, 23 Oct 2025 | €1.1t | €532.0b | €53.5b | 17.3x | 20.5x | 2.1x |
| Sat, 20 Sep 2025 | €1.1t | €534.5b | €52.9b | 16.5x | 20x | 2x |
| Mon, 18 Aug 2025 | €1.0t | €547.7b | €65.8b | 16.7x | 15.4x | 1.8x |
| Wed, 16 Jul 2025 | €1.1t | €543.2b | €62.1b | 19.5x | 16.9x | 1.9x |
| Fri, 13 Jun 2025 | €1.0t | €542.6b | €58.3b | 18.9x | 18x | 1.9x |
| Sun, 11 May 2025 | €1.0t | €544.4b | €58.7b | 18.7x | 17.2x | 1.8x |
| Tue, 08 Apr 2025 | €878.9b | €543.7b | €57.4b | 15.8x | 15.3x | 1.6x |
| Thu, 06 Mar 2025 | €1.0t | €565.4b | €59.0b | 19x | 17.5x | 1.8x |
| Sat, 01 Feb 2025 | €1.0t | €567.9b | €52.6b | 17.1x | 19.5x | 1.8x |
| Mon, 30 Dec 2024 | €991.0b | €562.8b | €51.6b | 16.1x | 19.2x | 1.8x |
| Wed, 27 Nov 2024 | €967.8b | €562.0b | €50.5b | 16.6x | 19.2x | 1.7x |
| Fri, 25 Oct 2024 | €1.0t | €563.0b | €52.7b | 17.9x | 19x | 1.8x |
| Sun, 22 Sep 2024 | €1.0t | €566.6b | €40.0b | 16.8x | 25.3x | 1.8x |
| Tue, 20 Aug 2024 | €1.0t | €564.4b | €40.3b | 15.6x | 26x | 1.9x |
| Thu, 18 Jul 2024 | €1.1t | €560.4b | €41.0b | 16.4x | 26.3x | 1.9x |
| Sat, 15 Jun 2024 | €1.1t | €562.5b | €44.6b | 17.6x | 24.9x | 2x |
| Mon, 13 May 2024 | €1.1t | €561.8b | €44.3b | 18.7x | 24.5x | 1.9x |
| Wed, 10 Apr 2024 | €1.0t | €565.6b | €45.2b | 16.8x | 23.1x | 1.8x |
| Fri, 08 Mar 2024 | €1.0t | €566.6b | €48.7b | 16.8x | 21.4x | 1.8x |
| Sun, 04 Feb 2024 | €973.4b | €579.8b | €52.7b | 16.2x | 18.5x | 1.7x |
| Tue, 02 Jan 2024 | €917.1b | €594.0b | €60.0b | 16.8x | 15.3x | 1.5x |
| Thu, 30 Nov 2023 | €874.4b | €596.5b | €59.2b | 15.6x | 14.8x | 1.5x |
| Sat, 28 Oct 2023 | €796.9b | €592.6b | €52.8b | 15.6x | 15.1x | 1.3x |
| Mon, 25 Sep 2023 | €825.9b | €592.0b | €50.3b | 16.7x | 16.4x | 1.4x |
| Wed, 23 Aug 2023 | €868.2b | €573.2b | €46.7b | 16.3x | 18.6x | 1.5x |
| Fri, 21 Jul 2023 | €914.5b | €580.5b | €51.5b | 17.1x | 17.7x | 1.6x |
| Sun, 18 Jun 2023 | €921.0b | €585.4b | €48.2b | 17x | 19.1x | 1.6x |
| Tue, 16 May 2023 | €888.0b | €574.1b | €47.6b | 17.3x | 18.7x | 1.5x |
| Thu, 13 Apr 2023 | €888.2b | €566.8b | €47.4b | 16.5x | 18.7x | 1.6x |
| Sat, 11 Mar 2023 | €877.5b | €546.3b | €43.7b | 15.7x | 20.1x | 1.6x |
| Mon, 06 Feb 2023 | €934.1b | €543.3b | €53.7b | 15.2x | 17.4x | 1.7x |
| Wed, 04 Jan 2023 | €836.6b | €543.5b | €54.4b | 14.8x | 15.4x | 1.5x |
| Fri, 02 Dec 2022 | €871.4b | €544.6b | €54.6b | 14.9x | 16x | 1.6x |
Price to Earnings Ratio
16x
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 19.0x.
Past Earnings Growth
- Both revenue and earnings for Dutch listed companies have remained mostly flat over the last three years.
- This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Sector Trends
Which sectors have driven the changes within the Dutch Market?
| NL Market | -2.17% | |
| Materials | 0.78% | |
| Utilities | 0% | 0 |
| Industrials | -0.0078% | |
| Real Estate | -0.43% | |
| Telecom | -0.63% | |
| Consumer Staples | -0.73% | |
| Energy | -0.74% | |
| Healthcare | -1.78% | |
| Financials | -1.91% | |
| Tech | -2.28% | |
| Consumer Discretionary | -6.93% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 38.9x.
- Analysts are expecting annual earnings growth of 12.7%, which is lower than the prior year's growth of 36.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 38% over the next 5 years.
- In contrast, the Telecom sector is expected to see its earnings decline by 2.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MT ArcelorMittal | €35.14 | 2.7% +€699.7m | 47.1% | PE11.9x | Materials | |
| BFIT Basic-Fit | €26.50 | 13.3% +€204.0m | 23.4% | PS1.3x | Consumer Discretionary | |
| IMCD IMCD | €78.10 | 4.4% +€196.0m | -44.4% | PE17.3x | Industrials | |
| CVC CVC Capital Partners | €14.12 | 1.1% +€170.1m | -37.0% | PE19.9x | Financials | |
| KPN Koninklijke KPN | €3.94 | 0.9% +€133.9m | 7.9% | PE19.3x | Telecom |
