The Dax stands near 24,200 points, almost unchanged since the start of the year. Rising earnings estimates have lowered the benchmark's valuation. Investors wonder if this makes an entry point attractive now.
The German benchmark has fluctuated but remains near its January levels at around 24,200 points. It shows a gain of more than 50 percent over three years. Three stocks have even more than tripled in value.
Despite the rise, three Dax companies trade more than 60 percent below their ten-year averages. At the same time, three others sit more than 40 percent above those averages.
One of the apparently expensive stocks has lost nearly 25 percent over five years yet still appears overvalued.
