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German (DAX) Market Analysis & Valuation

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies775
  • 7D0.2%
  • 3M-6.3%
  • 1Y-1.9%
  • YTD-6.6%

The Energy sector gained 5.7% while the market remained flat over the last week. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026€2.5t€2.6t€124.7b17.5x19.7x0.9x
Fri, 27 Feb 2026€2.7t€2.7t€106.7b18x25.3x1x
Sun, 25 Jan 2026€2.7t€2.7t€104.1b18.2x25.5x1x
Tue, 23 Dec 2025€2.6t€2.7t€103.6b18.1x25.1x1x
Thu, 20 Nov 2025€2.5t€2.7t€104.7b17.4x23.6x0.9x
Sat, 18 Oct 2025€2.5t€2.7t€101.5b18.2x25x0.9x
Mon, 15 Sep 2025€2.5t€2.7t€101.9b18.3x24.8x0.9x
Wed, 13 Aug 2025€2.6t€2.7t€103.8b19.2x25.1x1x
Fri, 11 Jul 2025€2.6t€2.7t€104.0b19x25.2x1x
Sun, 08 Jun 2025€2.6t€2.7t€103.6b19.3x25.2x1x
Tue, 06 May 2025€2.6t€2.7t€107.9b19x23.7x1x
Thu, 03 Apr 2025€2.5t€2.7t€109.0b17.9x22.7x0.9x
Sat, 01 Mar 2025€2.5t€2.7t€124.3b16.6x20.2x0.9x
Mon, 27 Jan 2025€2.4t€2.7t€114.2b16.7x21x0.9x
Wed, 25 Dec 2024€2.3t€2.7t€114.2b15.5x19.8x0.8x
Fri, 22 Nov 2024€2.2t€2.7t€113.0b15.5x19.6x0.8x
Sun, 20 Oct 2024€2.3t€2.7t€119.0b16.3x19.5x0.9x
Tue, 17 Sep 2024€2.2t€2.7t€119.6b16.2x18.3x0.8x
Thu, 15 Aug 2024€2.1t€2.7t€117.4b17.3x18.1x0.8x
Sat, 13 Jul 2024€2.2t€2.7t€111.3b17.9x20.1x0.8x
Mon, 10 Jun 2024€2.2t€2.7t€110.9b18.4x20.2x0.8x
Wed, 08 May 2024€2.3t€2.7t€113.9b17.4x19.8x0.8x
Fri, 05 Apr 2024€2.3t€2.8t€119.4b17.2x19.3x0.8x
Sun, 03 Mar 2024€2.2t€2.9t€125.7b15.9x17.7x0.8x
Tue, 30 Jan 2024€2.2t€2.9t€148.3b16.3x14.6x0.8x
Thu, 28 Dec 2023€2.2t€2.9t€147.3b16.6x14.6x0.8x
Sat, 25 Nov 2023€2.1t€2.9t€148.1b16.2x14.2x0.7x
Mon, 23 Oct 2023€2.0t€3.0t€132.1b15.6x15x0.7x
Wed, 20 Sep 2023€2.1t€3.0t€131.2b16.1x16.1x0.7x
Fri, 18 Aug 2023€2.1t€3.0t€132.1b16.4x16.2x0.7x
Sun, 16 Jul 2023€2.2t€3.0t€138.9b16.8x15.8x0.7x
Tue, 13 Jun 2023€2.2t€3.0t€140.2b17.4x15.7x0.7x
Thu, 11 May 2023€2.2t€3.0t€143.1b17.5x15.2x0.7x
Sat, 08 Apr 2023€2.2t€3.0t€148.4b16.3x14.8x0.7x
Price to Earnings Ratio

14.8x


Total Market Cap: €2.2tTotal Earnings: €148.4bTotal Revenue: €3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 20x202420252026
Current Market PE
  • Investors are relatively neutral on the German 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 20.0x.
Past Earnings Growth
  • The earnings for companies in the German industry have declined 5.6% per year over the last three years.
  • Revenues have also declined 4.0% 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 German Market?

DE Market0.20%
Energy5.70%
Materials3.81%
Real Estate2.67%
Consumer Staples2.67%
Financials2.26%
Utilities1.86%
Healthcare1.67%
Consumer Discretionary0.74%
Tech-0.49%
Telecom-1.45%
Industrials-2.31%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 56.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.2% which is higher than its past year's earnings decline of 0.07% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings decline of 9.1% per year.
  • In contrast, the Utilities 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
ALV Allianz€359.302.8%
+€3.7b		0.6%PE12.9xFinancials
BAS BASF€52.407.3%
+€3.1b		12.3%PE31.9xMaterials
MUV2 Münchener Rückversicherungs-Gesellschaft in München€539.403.9%
+€2.5b		-8.6%PE11.2xFinancials
MRK Merck KGaA€107.604.1%
+€1.8b		-15.0%PE17.9xHealthcare
RWE RWE€57.684.5%
+€1.8b		71.9%PE13.1xUtilities
See more

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