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Dutch (AEX) Market Analysis & Valuation
UpdatedMar 12, 2025
DataAggregated Company Financials
Companies101
- 7D-2.4%
- 3M-0.05%
- 1Y-5.4%
- YTD1.1%
Over the last 7 days, the market has dropped 2.4%, driven by a loss of 4.7% in the Information Technology sector. Meanwhile, the Communication Services sector has outperformed, gaining 3.1% in that time. The market has dropped 5.4% in the last year. Earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Wed, 12 Mar 2025 | €1.0t | €561.2b | €58.2b | 18.3x | 17.2x | 1.8x |
| Fri, 07 Feb 2025 | €1.0t | €568.1b | €52.6b | 17.2x | 19.6x | 1.8x |
| Sun, 05 Jan 2025 | €988.6b | €563.6b | €51.7b | 16.3x | 19.1x | 1.8x |
| Tue, 03 Dec 2024 | €987.5b | €561.9b | €50.6b | 16.8x | 19.5x | 1.8x |
| Thu, 31 Oct 2024 | €979.9b | €562.7b | €52.8b | 17.7x | 18.5x | 1.7x |
| Sat, 28 Sep 2024 | €1.1t | €560.3b | €52.6b | 17.7x | 20.1x | 1.9x |
| Mon, 26 Aug 2024 | €1.0t | €566.1b | €40.0b | 15.7x | 26.2x | 1.9x |
| Wed, 24 Jul 2024 | €1.1t | €560.3b | €40.8b | 16.3x | 26x | 1.9x |
| Fri, 21 Jun 2024 | €1.1t | €562.5b | €44.6b | 17.4x | 25.4x | 2x |
| Sun, 19 May 2024 | €1.1t | €561.3b | €44.5b | 18.9x | 24.8x | 2x |
| Tue, 16 Apr 2024 | €1.0t | €567.5b | €46.0b | 17.1x | 22.8x | 1.8x |
| Thu, 14 Mar 2024 | €1.0t | €562.2b | €45.5b | 16.8x | 22.3x | 1.8x |
| Sat, 10 Feb 2024 | €1.0t | €568.0b | €49.5b | 16.3x | 20.4x | 1.8x |
| Mon, 08 Jan 2024 | €893.0b | €590.4b | €60.1b | 16.2x | 14.8x | 1.5x |
| Wed, 06 Dec 2023 | €888.8b | €598.1b | €60.5b | 15.5x | 14.7x | 1.5x |
| Fri, 03 Nov 2023 | €826.9b | €593.8b | €53.7b | 15.7x | 15.4x | 1.4x |
| Sun, 01 Oct 2023 | €824.1b | €592.7b | €50.4b | 16.8x | 16.4x | 1.4x |
| Tue, 29 Aug 2023 | €905.9b | €573.6b | €46.6b | 17.3x | 19.4x | 1.6x |
| Thu, 27 Jul 2023 | €945.4b | €583.3b | €52.0b | 17.2x | 18.2x | 1.6x |
| Sat, 24 Jun 2023 | €891.2b | €583.9b | €48.1b | 16.8x | 18.5x | 1.5x |
| Mon, 22 May 2023 | €913.7b | €576.2b | €47.7b | 17.1x | 19.2x | 1.6x |
| Wed, 19 Apr 2023 | €891.9b | €567.1b | €47.4b | 16.9x | 18.8x | 1.6x |
| Fri, 17 Mar 2023 | €869.2b | €567.6b | €51.0b | 15.7x | 17x | 1.5x |
| Sun, 12 Feb 2023 | €902.0b | €543.1b | €50.2b | 15.1x | 18x | 1.7x |
| Tue, 10 Jan 2023 | €886.4b | €541.6b | €54.0b | 14.8x | 16.4x | 1.6x |
| Thu, 08 Dec 2022 | €854.1b | €544.7b | €54.6b | 14.7x | 15.6x | 1.6x |
| Sat, 05 Nov 2022 | €774.6b | €546.2b | €72.4b | 12.8x | 10.7x | 1.4x |
| Mon, 03 Oct 2022 | €740.5b | €513.2b | €73.9b | 12.3x | 10x | 1.4x |
| Wed, 31 Aug 2022 | €814.3b | €513.7b | €73.5b | 13.5x | 11.1x | 1.6x |
| Fri, 29 Jul 2022 | €867.6b | €522.7b | €76.2b | 15.9x | 11.4x | 1.7x |
| Sun, 26 Jun 2022 | €890.7b | €514.5b | €76.0b | 14.6x | 11.7x | 1.7x |
| Tue, 24 May 2022 | €892.3b | €513.0b | €75.3b | 15.2x | 11.9x | 1.7x |
| Thu, 21 Apr 2022 | €960.7b | €519.7b | €73.8b | 17.1x | 13x | 1.8x |
| Sat, 19 Mar 2022 | €1.2t | €727.4b | €72.7b | 17.3x | 16.1x | 1.6x |
Price to Earnings Ratio
16.1x
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 17.6x.
Past Earnings Growth
- The earnings for companies in the Dutch industry have declined 7.1% per year over the last three years.
- Revenues have also declined 8.3% 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 | -2.43% | |
| Telecom | 3.12% | |
| Consumer Discretionary | 0.97% | |
| Real Estate | 0.41% | |
| Utilities | 0% | 0 |
| Materials | -0.80% | |
| Industrials | -1.89% | |
| Financials | -2.61% | |
| Energy | -3.22% | |
| Healthcare | -3.25% | |
| Consumer Staples | -3.58% | |
| Tech | -4.67% | |
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 96.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings growth of 18.7% 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 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| INGA ING Groep | €18.20 | 5.4% +€2.8b | 28.9% | PB1.1x | Financials | |
| UMG Universal Music Group | €27.00 | 3.6% +€1.7b | 0.7% | PE23.7x | Telecom | |
| PRX Prosus | €42.72 | 1.0% +€1.0b | 55.3% | PE13.6x | Consumer Discretionary | |
| ABN ABN AMRO Bank | €18.92 | 5.1% +€766.4m | 25.3% | PB0.6x | Financials | |
| RAND Randstad | €42.36 | 10.2% +€686.6m | -17.3% | PE64.5x | Industrials |
