August 31, 2023
Snapshot Top 10: Deutscher Aktienindex DAX 40



The Top 10 performing stocks in the Deutscher Aktienindex DAX 40 are shown for seven different investment strategies. Whether you are looking for value, growth or dividend stocks, or you want stocks that rank well overall, you can see the top 10 stock picks, together with how they rank on a scale of 1 to 100 from the perspective of different investment strategies. We have also added our newest Sentiment and 360° View ranks, which encapsulate the market voices of analysts and professional investors into a simple ranking for easily evaluating stocks. As an objective research provider, Obermatt has been refining its stock analysis algorithms for more than 10 years (no AI used here!)

Select any stock for the detailed analysis of that stock's performance across the different investment analyses. Please note that the Top 10 stocks focus only on Large to XX-Large companies.


What the six ranks mean

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

Special Analysis: TOP 10 Dividend Investment Strategy

Many people ask for tips about dividend stocks. These are the Top 10 dividend stocks in the Deutscher Aktienindex DAX 40 as of August 31, 2023.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. BASF (XXL, DE) ☀  Diversified Chemicals
1. BASF (XXL, DE) ☀   Diversified Chemicals 98 87 88 67
2. Volkswagen VW (XXL, DE) ☀  Automobile Manufacturers
2. Volkswagen VW (XXL, DE) ☀   Automobile Manufacturers 97 100 76 58
3. Mercedes (XXL, DE) ☀  Automobile Manufacturers
3. Mercedes (XXL, DE) ☀   Automobile Manufacturers 93 91 71 76
4. Porsche Automobil SE (XL, DE)  Automobile Manufacturers
4. Porsche Automobil SE (XL, DE)   Automobile Manufacturers 89 93 71 48
5. Fresenius (XXL, DE) ☀  Health Care Services
5. Fresenius (XXL, DE) ☀   Health Care Services 88 96 98 94
6. BMW (XXL, DE) ☀  Automobile Manufacturers
6. BMW (XXL, DE) ☀   Automobile Manufacturers 87 91 73 76
7. Bayer (XXL, DE) ☀  Pharmaceuticals
7. Bayer (XXL, DE) ☀   Pharmaceuticals 86 97 20 4
8. Vonovia (XL, DE) ☀  Real Estate: Operating Services
8. Vonovia (XL, DE) ☀   Real Estate: Operating Services 85 92 17 13
9. Daimler Truck (XXL, DE)  Heavy Machinery
9. Daimler Truck (XXL, DE)   Heavy Machinery 80 60 83 92
10. SAP (XXL, DE) ☀  Application Software
10. SAP (XXL, DE) ☀   Application Software 77 63 75 73

☀ This company has a special achievement which is documented on its stock research page.

August 31, 2023. Top 10s are published weekly following the . ( or for more stocks)


DAX 40 Top 10: Obermatt 360° Investment Strategy

TOP 10 Obermatt 360° Investment Strategy 360° Strategy 360° VIEW Value Strategy VALUE Combined Strategy COMBINED Sentiment Strategy SENTIMENT
1. Fresenius (XXL, DE) ☀   Health Care Services
1. Fresenius (XXL, DE) ☀   Health Care Services 94 96 98 53
2. Daimler Truck (XXL, DE)   Heavy Machinery
2. Daimler Truck (XXL, DE)   Heavy Machinery 92 60 83 98
3. Infineon (XXL, DE)   Semiconductors
3. Infineon (XXL, DE)   Semiconductors 91 47 73 89
4. Linde (XXL, US)   Industrial Gases
4. Linde (XXL, US)   Industrial Gases 88 4 60 90
5. Deutsche Telekom (XXL, DE)   Integrated Telecommunication
5. Deutsche Telekom (XXL, DE)   Integrated Telecommunication 81 53 64 91
6. Fresenius Medical Care (XXL, DE)   Health Care Services
6. Fresenius Medical Care (XXL, DE)   Health Care Services 79 85 85 51
7. HeidelbergCement (XXL, DE) ☀   Construction Materials
7. HeidelbergCement (XXL, DE) ☀   Construction Materials 77 92 77 72
8. Munich RE (XXL, DE) ☀   Reinsurance
8. Munich RE (XXL, DE) ☀   Reinsurance 77 39 96 72
9. BMW (XXL, DE) ☀   Automobile Manufacturers
9. BMW (XXL, DE) ☀   Automobile Manufacturers 76 91 73 59
10. Mercedes (XXL, DE) ☀   Automobile Manufacturers
10. Mercedes (XXL, DE) ☀   Automobile Manufacturers 76 91 71 59

August 31, 2023. Top 10s are published weekly following the . ( or for more stocks)


DAX 40 Top 10: Sentiment Investment Strategy

TOP 10 Sentiment Investment Strategy Sentiment Strategy SENTIMENT Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Daimler Truck (XXL, DE)   Heavy Machinery
1. Daimler Truck (XXL, DE)   Heavy Machinery 98 60 83 92
2. Deutsche Telekom (XXL, DE)   Integrated Telecommunication
2. Deutsche Telekom (XXL, DE)   Integrated Telecommunication 91 53 64 81
3. Linde (XXL, US)   Industrial Gases
3. Linde (XXL, US)   Industrial Gases 90 4 60 88
4. Infineon (XXL, DE)   Semiconductors
4. Infineon (XXL, DE)   Semiconductors 89 47 73 91
5. Siemens Healthineers (XXL, DE)   Health Care Equipment
5. Siemens Healthineers (XXL, DE)   Health Care Equipment 79 73 23 50
6. Henkel (XXL, DE)   Household Products
6. Henkel (XXL, DE)   Household Products 77 81 62 73
7. HelloFresh (XL, DE) ☀   Food Retail
7. HelloFresh (XL, DE) ☀   Food Retail 76 16 11 38
8. RWE (XXL, DE) ☀   Power Producers & Traders
8. RWE (XXL, DE) ☀   Power Producers & Traders 75 80 55 73
9. HeidelbergCement (XXL, DE) ☀   Construction Materials
9. HeidelbergCement (XXL, DE) ☀   Construction Materials 72 92 77 77
10. Munich RE (XXL, DE) ☀   Reinsurance
10. Munich RE (XXL, DE) ☀   Reinsurance 72 39 96 77

August 31, 2023. Top 10s are published weekly following the . ( or for more stocks)


DAX 40 Top 10: Value Investment Strategy

TOP 10 Value Investment Strategy Value Strategy VALUE Growth Strategy GROWTH Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Volkswagen VW (XXL, DE) ☀   Automobile Manufacturers
1. Volkswagen VW (XXL, DE) ☀   Automobile Manufacturers 100 1 76 58
2. Bayer (XXL, DE) ☀   Pharmaceuticals
2. Bayer (XXL, DE) ☀   Pharmaceuticals 97 15 20 4
3. Fresenius (XXL, DE) ☀   Health Care Services
3. Fresenius (XXL, DE) ☀   Health Care Services 96 71 98 94
4. Porsche Automobil SE (XL, DE)   Automobile Manufacturers
4. Porsche Automobil SE (XL, DE)   Automobile Manufacturers 93 3 71 48
5. Vonovia (XL, DE) ☀   Real Estate: Operating Services
5. Vonovia (XL, DE) ☀   Real Estate: Operating Services 92 11 17 13
6. HeidelbergCement (XXL, DE) ☀   Construction Materials
6. HeidelbergCement (XXL, DE) ☀   Construction Materials 92 79 77 77
7. BMW (XXL, DE) ☀   Automobile Manufacturers
7. BMW (XXL, DE) ☀   Automobile Manufacturers 91 15 73 76
8. Mercedes (XXL, DE) ☀   Automobile Manufacturers
8. Mercedes (XXL, DE) ☀   Automobile Manufacturers 91 9 71 76
9. BASF (XXL, DE) ☀   Diversified Chemicals
9. BASF (XXL, DE) ☀   Diversified Chemicals 87 65 88 67
10. Fresenius Medical Care (XXL, DE)   Health Care Services
10. Fresenius Medical Care (XXL, DE)   Health Care Services 85 45 85 79

August 31, 2023. Top 10s are published weekly following the . ( or for more stocks)


DAX 40 Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy Growth Strategy GROWTH Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Linde (XXL, US)   Industrial Gases
1. Linde (XXL, US)   Industrial Gases 100 4 60 88
2. Covestro (XXL, DE)   Specialty Chemicals
2. Covestro (XXL, DE)   Specialty Chemicals 100 31 76 51
3. Zalando (XL, DE) ☀   Internet Retail
3. Zalando (XL, DE) ☀   Internet Retail 95 12 76 58
4. Munich RE (XXL, DE) ☀   Reinsurance
4. Munich RE (XXL, DE) ☀   Reinsurance 88 39 96 77
5. Infineon (XXL, DE)   Semiconductors
5. Infineon (XXL, DE)   Semiconductors 85 47 73 91
6. SAP (XXL, DE) ☀   Application Software
6. SAP (XXL, DE) ☀   Application Software 83 63 75 73
7. Siemens (XXL, DE) ☀   Industrial Conglomerates
7. Siemens (XXL, DE) ☀   Industrial Conglomerates 81 63 50 56
8. HeidelbergCement (XXL, DE) ☀   Construction Materials
8. HeidelbergCement (XXL, DE) ☀   Construction Materials 79 92 77 77
9. Deutsche Börse (XL, DE)   Financial Exchanges & Data
9. Deutsche Börse (XL, DE)   Financial Exchanges & Data 77 13 67 74
10. Deutsche Telekom (XXL, DE)   Integrated Telecommunication
10. Deutsche Telekom (XXL, DE)   Integrated Telecommunication 73 53 64 81

August 31, 2023. Top 10s are published weekly following the . ( or for more stocks)


DAX 40 Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy Safety Strategy SAFETY Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Munich RE (XXL, DE) ☀  Reinsurance
1. Munich RE (XXL, DE) ☀   Reinsurance 100 39 96 77
2. Volkswagen VW (XXL, DE) ☀  Automobile Manufacturers
2. Volkswagen VW (XXL, DE) ☀   Automobile Manufacturers 89 100 76 58
3. Beiersdorf (XL, DE)  Personal Products
3. Beiersdorf (XL, DE)   Personal Products 88 19 71 67
4. MTU Aero Engines (XL, DE) ☀  Aerospace & Defense
4. MTU Aero Engines (XL, DE) ☀   Aerospace & Defense 82 15 66 38
5. Continental (XXL, DE)  Auto Parts & Equipment
5. Continental (XXL, DE)   Auto Parts & Equipment 82 58 88 66
6. Daimler Truck (XXL, DE)  Heavy Machinery
6. Daimler Truck (XXL, DE)   Heavy Machinery 81 60 83 92
7. Porsche AG (XXL, DE)  Automobile Manufacturers
7. Porsche AG (XXL, DE)   Automobile Manufacturers 78 19 70 60
8. BMW (XXL, DE) ☀  Automobile Manufacturers
8. BMW (XXL, DE) ☀   Automobile Manufacturers 78 91 73 76
9. Deutsche Börse (XL, DE)  Financial Exchanges & Data
9. Deutsche Börse (XL, DE)   Financial Exchanges & Data 77 13 67 74
10. Mercedes (XXL, DE) ☀  Automobile Manufacturers
10. Mercedes (XXL, DE) ☀   Automobile Manufacturers 76 91 71 76

August 31, 2023. Top 10s are published weekly following the . ( or for more stocks)


DAX 40 Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy Combined Strategy COMBINED Value Strategy VALUE Growth Strategy GROWTH 360° Strategy 360° VIEW
1. Fresenius (XXL, DE) ☀  Health Care Services
1. Fresenius (XXL, DE) ☀   Health Care Services 98 96 71 94
2. Munich RE (XXL, DE) ☀  Reinsurance
2. Munich RE (XXL, DE) ☀   Reinsurance 96 39 88 77
3. BASF (XXL, DE) ☀  Diversified Chemicals
3. BASF (XXL, DE) ☀   Diversified Chemicals 88 87 65 67
4. Continental (XXL, DE)  Auto Parts & Equipment
4. Continental (XXL, DE)   Auto Parts & Equipment 88 58 57 66
5. Fresenius Medical Care (XXL, DE)  Health Care Services
5. Fresenius Medical Care (XXL, DE)   Health Care Services 85 85 45 79
6. Daimler Truck (XXL, DE)  Heavy Machinery
6. Daimler Truck (XXL, DE)   Heavy Machinery 83 60 56 92
7. HeidelbergCement (XXL, DE) ☀  Construction Materials
7. HeidelbergCement (XXL, DE) ☀   Construction Materials 77 92 79 77
8. Zalando (XL, DE) ☀  Internet Retail
8. Zalando (XL, DE) ☀   Internet Retail 76 12 95 58
9. Volkswagen VW (XXL, DE) ☀  Automobile Manufacturers
9. Volkswagen VW (XXL, DE) ☀   Automobile Manufacturers 76 100 1 58
10. Covestro (XXL, DE)  Specialty Chemicals
10. Covestro (XXL, DE)   Specialty Chemicals 76 31 100 51

August 31, 2023. Top 10s are published weekly following the . ( or for more stocks)


☀ This company has a special achievement which is documented on its stock research page.

Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely fact-based Obermatt Method in the stock index Deutscher Aktienindex DAX 40 from August 31, 2023.

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