November 7, 2023

A&M Germany: Valuation Insights

The recent trend in Germany indicates a rise in the price for taking equity risk, following a period of decline. The German market risk premium (MRP), which represents investors' current risk appetite, had decreased steadily since September 2022, primarily due to an increase in the risk-free rate. However, the MRP is now increasing again due to rising market returns, placing it in the mid-range of the FAUB (Fachausschuss für Unternehmensbewertung und Betriebswirtschaft) range.

Market volatility, as measured by VDAX-NEW, has remained relatively stable over the last 6 months, recovering from its previous peak in March 2020 to a comparable level. It's important to note that these trends are subject to information deficiencies and capital market exaggerations.

Download the full results of A&M Germany Valuation Insights.

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