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Dutch (AEX) Market Analysis & Valuation

UpdatedMay 01, 2025
DataAggregated Company Financials
Companies99
  • 7D1.1%
  • 3M-5.3%
  • 1Y-7.8%
  • YTD-2.6%

In the last week, the market is up 1.1% led by Consumer Discretionary sector. In contrast, the market has seen a decline of 7.8% over the last 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 May 2025€961.5b€543.4b€58.0b16.9x16.6x1.8x
Sat, 29 Mar 2025€995.8b€544.5b€57.4b17.8x17.3x1.8x
Mon, 24 Feb 2025€1.1t€561.5b€57.7b17.9x18.5x1.9x
Wed, 22 Jan 2025€1.0t€565.7b€51.8b17x19.6x1.8x
Fri, 20 Dec 2024€990.7b€563.2b€51.6b15.9x19.2x1.8x
Sun, 17 Nov 2024€961.2b€561.6b€50.5b16.9x19x1.7x
Tue, 15 Oct 2024€1.1t€561.8b€52.7b18.1x19.9x1.9x
Thu, 12 Sep 2024€994.8b€567.4b€40.1b16.1x24.8x1.8x
Sat, 10 Aug 2024€1.0t€565.4b€40.2b15.5x25x1.8x
Mon, 08 Jul 2024€1.1t€561.1b€41.1b16.5x27.4x2x
Wed, 05 Jun 2024€1.1t€561.3b€44.5b17.7x24.4x1.9x
Fri, 03 May 2024€1.0t€562.4b€44.6b15.6x23.5x1.9x
Sun, 31 Mar 2024€1.0t€553.3b€45.5b16.6x22.8x1.9x
Tue, 27 Feb 2024€1.0t€566.1b€49.4b16.1x20.3x1.8x
Thu, 25 Jan 2024€957.0b€590.8b€60.2b16.3x15.9x1.6x
Sat, 23 Dec 2023€914.1b€594.2b€60.1b16.5x15.2x1.5x
Mon, 20 Nov 2023€873.5b€596.9b€59.3b15.7x14.7x1.5x
Wed, 18 Oct 2023€820.1b€592.9b€50.4b15.6x16.3x1.4x
Fri, 15 Sep 2023€887.7b€589.3b€51.2b17x17.3x1.5x
Sun, 13 Aug 2023€897.0b€575.4b€47.3b16.8x19x1.6x
Tue, 11 Jul 2023€901.5b€581.6b€51.9b16.8x17.4x1.6x
Thu, 08 Jun 2023€911.7b€585.5b€48.3b16.9x18.9x1.6x
Sat, 06 May 2023€868.1b€570.0b€46.4b17.5x18.7x1.5x
Mon, 03 Apr 2023€906.0b€565.4b€50.6b16.2x17.9x1.6x
Wed, 01 Mar 2023€891.4b€554.9b€46.9b16x19x1.6x
Fri, 27 Jan 2023€920.5b€542.0b€53.9b15.5x17.1x1.7x
Sun, 25 Dec 2022€824.2b€543.5b€54.4b14.3x15.2x1.5x
Tue, 22 Nov 2022€852.5b€546.6b€68.1b14.4x12.5x1.6x
Thu, 20 Oct 2022€742.9b€511.2b€80.5b12.5x9.2x1.5x
Sat, 17 Sep 2022€783.6b€514.0b€73.4b12.7x10.7x1.5x
Mon, 15 Aug 2022€879.0b€509.8b€72.7b15.2x12.1x1.7x
Wed, 13 Jul 2022€814.8b€520.2b€76.2b15x10.7x1.6x
Fri, 10 Jun 2022€907.8b€513.2b€75.4b15.2x12x1.8x
Sun, 08 May 2022€878.3b€529.6b€75.7b16.2x11.6x1.7x
Price to Earnings Ratio

11.6x


Total Market Cap: €878.3bTotal Earnings: €75.7bTotal Revenue: €529.6bTotal 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 8.5% 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 Market1.06%
Telecom3.44%
Healthcare3.41%
Energy2.51%
Consumer Discretionary2.40%
Materials2.19%
Industrials1.94%
Consumer Staples1.51%
Tech0.66%
Real Estate0.65%
Utilities0%0
Financials-0.95%
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 98.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 24.1%, which is higher than its past year's earnings growth of 14.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 45% 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
PRX Prosus€40.932.5%
+€2.3b
29.9%PE13.3xConsumer Discretionary
UMG Universal Music Group€25.854.1%
+€1.9b
-6.7%PE22.7xTelecom
WKL Wolters Kluwer€155.453.6%
+€1.2b
10.4%PE33.5xIndustrials
ASM ASM International€425.305.3%
+€1.1b
-28.5%PE30.5xTech
DSFIR DSM-Firmenich€95.323.6%
+€866.8m
-9.8%PE100.8xMaterials
See more
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Market Insights

The term ‘ Fiscal Dominance ’ has been popping up more in recent years, thanks to rising U.S. deficits. For the sake of your portfolio, this trend and its consequences are worth knowing about.

Latest News

RAND

€35.22

Randstad

7D

-1.5%

1Y

-25.4%

PRX

€40.93

Prosus

7D

2.5%

1Y

29.9%

WKL

€155.45

Wolters Kluwer

7D

3.6%

1Y

10.4%

DSFIR

€95.32

DSM-Firmenich

7D

3.6%

1Y

-9.8%

PHIA

€22.31

Koninklijke Philips

7D

3.2%

1Y

-8.6%

FLOW

€26.22

Flow Traders

7D

-13.3%

1Y

35.9%

ASML

€582.50

ASML Holding

7D

0.3%

1Y

-30.0%

INGA

€17.01

ING Groep

7D

-2.3%

1Y

14.5%

IMCD

€116.85

IMCD

7D

-5.0%

1Y

-17.9%

ABN

€18.20

ABN AMRO Bank

7D

-1.6%

1Y

20.6%

HEIA

€78.70

Heineken

7D

1.4%

1Y

-13.8%

ADYEN

€1,417.80

Adyen

7D

-3.6%

1Y

25.4%