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Dutch (AEX) Market Analysis & Valuation

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies98
  • 7D-2.5%
  • 3M7.5%
  • 1Y17.5%
  • YTD12.9%

Over the last 7 days, the market has dropped 2.5%, driven by pullbacks in the Consumer Discretionary and Financials sectors of 7.4% and 4.2%, respectively. In the last year, the market is actually up 18%. 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, 21 Nov 2025€1.1t€533.4b€53.6b16.8x20.2x2x
Sun, 19 Oct 2025€1.1t€531.6b€53.5b17.2x20.5x2.1x
Tue, 16 Sep 2025€1.0t€549.8b€67.5b16.6x15.5x1.9x
Thu, 14 Aug 2025€1.0t€547.5b€65.7b16.8x15.4x1.8x
Sat, 12 Jul 2025€1.1t€542.6b€62.0b19.7x16.9x1.9x
Mon, 09 Jun 2025€1.0t€543.6b€58.4b18.9x17.9x1.9x
Wed, 07 May 2025€986.6b€542.0b€58.5b18.8x16.9x1.8x
Fri, 04 Apr 2025€947.2b€543.2b€57.3b17.6x16.5x1.7x
Sun, 02 Mar 2025€1.0t€568.3b€59.3b19.1x17.5x1.8x
Tue, 28 Jan 2025€1.0t€565.1b€51.8b16.9x19.3x1.8x
Thu, 26 Dec 2024€988.6b€562.9b€51.6b16.1x19.2x1.8x
Sat, 23 Nov 2024€969.3b€562.6b€50.5b16.7x19.2x1.7x
Mon, 21 Oct 2024€1.0t€563.1b€52.8b18.2x19.2x1.8x
Wed, 18 Sep 2024€1.0t€566.8b€40.1b16.5x25.4x1.8x
Fri, 16 Aug 2024€1.0t€564.6b€40.2b15.4x26x1.8x
Sun, 14 Jul 2024€1.1t€560.6b€41.0b16.6x27.8x2x
Tue, 11 Jun 2024€1.1t€562.1b€44.6b17.7x25.2x2x
Thu, 09 May 2024€1.1t€561.9b€44.4b18.5x24.3x1.9x
Sat, 06 Apr 2024€1.0t€565.8b€45.3b16.4x23.2x1.9x
Mon, 04 Mar 2024€1.0t€569.8b€48.9b16.4x20.7x1.8x
Wed, 31 Jan 2024€969.6b€591.3b€60.6b17x16x1.6x
Fri, 29 Dec 2023€919.0b€593.8b€60.0b16.8x15.3x1.5x
Sun, 26 Nov 2023€880.0b€596.6b€59.3b15.7x14.8x1.5x
Tue, 24 Oct 2023€794.5b€593.1b€52.3b15.3x15.2x1.3x
Thu, 21 Sep 2023€874.3b€591.5b€50.0b17.3x17.5x1.5x
Sat, 19 Aug 2023€860.9b€576.0b€47.4b16.5x18.2x1.5x
Mon, 17 Jul 2023€940.7b€579.7b€51.5b16.9x18.3x1.6x
Wed, 14 Jun 2023€925.1b€586.5b€48.3b16.9x19.1x1.6x
Fri, 12 May 2023€881.0b€569.7b€45.9b17.2x19.2x1.5x
Sun, 09 Apr 2023€891.2b€567.6b€47.5b16.4x18.7x1.6x
Tue, 07 Mar 2023€902.6b€555.7b€44.7b16.1x20.2x1.6x
Thu, 02 Feb 2023€916.8b€542.0b€53.4b15.9x17.2x1.7x
Sat, 31 Dec 2022€826.4b€542.1b€54.2b14.1x15.3x1.5x
Mon, 28 Nov 2022€861.7b€545.6b€54.7b14.8x15.8x1.6x
Price to Earnings Ratio

15.8x


Total Market Cap: €861.7bTotal Earnings: €54.7bTotal Revenue: €545.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 18.9x202320242025
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 18.9x.
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-2.49%
Tech0.59%
Utilities0%0
Telecom-0.83%
Energy-1.13%
Real Estate-1.76%
Consumer Staples-2.50%
Materials-2.70%
Industrials-3.42%
Financials-4.25%
Healthcare-6.16%
Consumer Discretionary-7.44%
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 13.0%, 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 2.3% 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€889.800.9%
+€3.2b		40.9%PE36.4xTech
MT ArcelorMittal€34.970.7%
+€182.5m		46.3%PE11.9xMaterials
ALLFG Allfunds Group€6.602.5%
+€97.3m		27.8%PS6xFinancials
BFIT Basic-Fit€24.201.9%
+€30.1m		12.1%PS1.2xConsumer Discretionary
FERGR Ferrari Group€8.452.9%
+€21.9m		n/aPE19.1xIndustrials
See more

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