EURO STOXX 50

EURO STOXX 50 Index
Foundation26 February 1998
OperatorSTOXX
Constituents50
TypeMega cap
Market cap€4.011 trillion (Aug 2023)[1]
Weighting methodFree-float market capitalization
Related indicesSTOXX Europe 50
Websitestoxx.com/..

The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by the Deutsche Börse Group. The index is composed of 50 stocks from countries of the Eurozone.[2]

EURO STOXX 50 represents Eurozone blue-chip companies considered as leaders in their respective sectors.[2] It is made up of fifty of the largest and most liquid stocks. The index futures and options on the EURO STOXX 50, traded on Eurex, are among the most liquid products in Europe and the world.

Contract Specifications[3]
Euro Stoxx 50 (DSX)
Exchange: EUREX
Sector: Index
Tick Size: 1
Tick Value: 10 EUR
BPV: 10
Denomination: EUR
Decimal Place: 1

The EURO STOXX 50 was introduced on 26 February 1998.

The EURO STOXX 50 Index represents some of the largest companies in the Eurozone in terms of free-float market capitalization. The index captures about 60% of the free-float market capitalization of the EURO STOXX Total Market Index (TMI), which in turn covers about 95% of the free-float market capitalization of the represented countries.

The EURO STOXX 50 is one of the most liquid indices for the Eurozone.

Historical performance

01000200030004000500060001998200220062010201420182022Indexpoints
Performance of the Euro Stoxx 50 stock market index since 1998
(end-of-year points)[4]

EURO STOXX 50 was quoted only starting 1998 but its prices were calculated retroactively back to the year 1986. The base value is 1000 points, referenced on 31 December 1991.[5] The following table shows the end-of-year values of the EURO STOXX 50 index since 1986.[6] Index values before 1999 are based on the euro's predecessor, the European Currency Unit (ECU).

Year Year end
value
Change,
in points
Change,
in %
1986 900.82
1987 648.13 −252.69 −28.05
1988 861.36 213.23 32.90
1989 1098.49 237.13 27.53
1990 858.72 −239.77 −21.83
1991 1000.00 141.28 16.45
1992 1033.51 33.51 3.35
1993 1433.34 399.83 38.69
1994 1320.59 −112.75 −7.87
1995 1506.82 186.23 14.10
1996 1850.32 343.50 22.80
1997 2531.99 681.67 36.84
1998 3342.32 810.33 32.00
1999 4904.46 1562.14 46.74
2000 4772.39 −132.07 −2.69
2001 3806.13 −966.26 −20.25
2002 2386.41 −1419.72 −37.30
2003 2760.66 374.25 15.68
2004 2951.24 190.58 6.90
2005 3578.93 627.69 21.27
2006 4119.94 541.01 15.12
2007 4399.72 279.78 6.79
2008 2451.48 −1948.24 −44.28
2009 2966.24 514.76 21.00
2010 2792.82 −173.42 −5.85
2011 2316.55 −476.27 −17.05
2012 2635.93 319.38 13.79
2013 3109.00 473.07 17.95
2014 3146.43 37.43 1.20
2015 3267.52 121.09 3.85
2016 3290.52 23.00 0.7
2017 3503.96 213.44 6.47
2018 3001.42 −502.54 −14.34
2019 3745.16 743.73 24.78
2020 3552.64 −192.52 −5.14
2021 4298.41 745.77 20.99
2022 3793.62 −504.79 −11.74
2023 4521.65 728.03 19.19
2024 4895.98 374.33 8.28
2025 5791.41 895.43 18.29

Calculation

The calculation of the indices employ the Laspeyres formula, which measures price changes against a fixed base quantity weight:[7]

where: vcc:FdDF

t = Time the index is computed
n = Number of companies in the index
pit = Price of company (i) at time (t)
sit = Number of shares of company (i) at time (t)
ffit = Free-float factor of company (i) at time (t)
cfit = Weighting cap factor of company (i) at time (t)
xit = Exchange rate from local currency into index currency for company (i) at time (t)
Mt = Free-float market capitalization of the index at time (t)
Dt = Divisor of the index at time (t)

Changes in weights due to corporate actions are distributed proportionally across all index components. The index divisors, which is adjusted to maintain the continuity of the values of the index across changes due to corporate actions, are calculated as follows:

where ΔMCt+1 = The difference between the closing market capitalization of the index and the adjusted closing market capitalization of the index: for companies with corporate actions effective at time (t+1), the free-float market capitalization is calculated with adjusted closing prices, the new number of shares at time (t+1) and the free-float factor at time (t+1) minus the free-float market capitalization calculated with closing prices, number of shares at time (t) and free-float factor at time (t).

Buffers are used to achieve the fixed number of components and to maintain stability of the indices by reducing index composition changes. Selection methodology ensures a stable and up-to-date index composition. Fast-entry and fast-exit rules ensure the index accurately represents the performance of only the biggest and most liquid stocks.

Composition

The composition of EURO STOXX 50 is reviewed annually in September. The index is available in several currency (EUR, USD, CAD, GBP, JPY) and return (Price, Net Return, Gross Return) variant combinations. Calculation takes place every 15 seconds between 09:00 CET and 18:00 CET for the EUR and USD variants of any return type, while the CAD, GBP and JPY variants are available as end-of-day calculation only (18:00 CET). The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices. As of September 2025, the most countries with most companies represented are France (representing 34.2% of all total assets) and Germany (30.7%).[1]

As of 22 September 2025, Euro Stoxx 50 consists of the following companies:[8][9]

Ticker Main listing Name Corporate form Registered
office
Sector Founded
ADS.DE FWBADS Adidas Aktiengesellschaft  Germany Consumer Discretionary 1924
ADYEN.AS EuronextADYEN Adyen Naamloze vennootschap  Netherlands Financials 2006
AD.AS EuronextAD Ahold Delhaize Naamloze vennootschap  Netherlands Consumer Staples 2016 (1867)
AI.PA Euronext ParisAI Air Liquide Société Anonyme  France Materials 1902
AIR.PA EuronextAIR Airbus Societas Europaea  France Industrials 1970
ALV.DE FWBALV Allianz Societas Europaea  Germany Financials 1890
ABI.BR EuronextABI Anheuser-Busch InBev Société Anonyme  Belgium Consumer Staples 2008 (1366/1888/1852/1895)
ARGX.BR EuronextARGX Argenx Naamloze vennootschap  Netherlands Health Care 2008
ASML.AS EuronextASML ASML Holding Naamloze vennootschap  Netherlands Information Technology 1984
CS.PA EuronextCS Axa Société Anonyme  France Financials 1816
BAS.DE FWBBAS BASF Societas Europaea  Germany Materials 1865
BAYN.DE FWBBAYN Bayer Aktiengesellschaft  Germany Health Care 1863
BBVA.MC BMADBBVA BBVA Sociedad Anónima  Spain Financials 1857
SAN.MC BMADSAN Banco Santander Sociedad Anónima  Spain Financials 1857
BMW.DE FWBBMW BMW Aktiengesellschaft  Germany Consumer Discretionary 1916
BNP.PA Euronext ParisBNP BNP Paribas Société Anonyme  France Financials 2002 (1848/1872)
BN.PA EuronextBN Danone Société Anonyme  France Consumer Staples 1919
DBK.DE FWBDBK Deutsche Bank Aktiengesellschaft  Germany Financials 1870
DB1.DE FWBDB1 Deutsche Börse Aktiengesellschaft  Germany Financials 1992
DHL.DE FWBDPW Deutsche Post Aktiengesellschaft  Germany Industrials 1995
DTE.DE FWBDTE Deutsche Telekom Aktiengesellschaft  Germany Communication 1995
ENEL.MI BITENEL Enel Società per azioni  Italy Utilities 1962
ENI.MI BITENI Eni Società per azioni  Italy Energy 1953
EL.PA EuronextEI EssilorLuxottica Société anonyme  France Health Care 1849
RACE.MI BITRACE Ferrari Naamloze vennootschap  Netherlands Consumer Discretionary 1939
RMS.PA EuronextRMS Hermès Société Anonyme  France Consumer Discretionary 1837
IBE.MC BMADIBE Iberdrola Sociedad Anónima  Spain Utilities 1992 (1907/1944)
ITX.MC BMADITX Inditex Sociedad Anónima  Spain Consumer Discretionary 1985
IFX.DE FWBIFX Infineon Technologies Aktiengesellschaft  Germany Information Technology 1999
INGA.AS EuronextINGA ING Group Naamloze vennootschap  Netherlands Financials 1991
ISP.MI BITISP Intesa Sanpaolo Società per azioni  Italy Financials 2007 (1563)
OR.PA EuronextOR L'Oréal Société Anonyme  France Consumer Staples 1909
MC.PA EuronextMC LVMH Moët Hennessy Louis Vuitton Societas Europaea  France Consumer Discretionary 1987 (1743 / 1765 / 1854)
MBG.DE FWBMBG Mercedes-Benz Group Aktiengesellschaft  Germany Consumer Discretionary 2007 (1926)
MUV2.DE FWBMUV2 Munich Re Aktiengesellschaft  Germany Financials 1880
NDA-FI.HE Nasdaq HelsinkiNDA FI Nordea Aktiebolag  Finland Financials 1820
PRX.AS EuronextPRX Prosus Naamloze vennootschap  Netherlands Consumer Discretionary 2019
RHM.DE FWBRHM Rheinmetall Aktiengesellschaft  Germany Industrials 1889
SAF.PA EuronextSAF Safran Société Anonyme  France Industrials 2005
SGO.PA EuronextSGO Saint-Gobain Société Anonyme  France Industrials 1665
SAN.PA EuronextSAN Sanofi Société Anonyme  France Health Care 2004 (1834/1899/1973)
SAP.DE FWBSAP SAP Societas Europaea  Germany Information Technology 1972
SU.PA EuronextSU Schneider Electric Societas Europaea  France Industrials 1836
SIE.DE FWBSIE Siemens Aktiengesellschaft  Germany Industrials 1847
ENR.DE FWBENR Siemens Energy Aktiengesellschaft  Germany Industrials 2020
TTE.PA EuronextTTE TotalEnergies Societas Europaea  France Energy 1924
DG.PA EuronextDG Vinci SA Société Anonyme  France Industrials 1899
UCG.MI BITUCG UniCredit Società per azioni  Italy Financials 1998
VOW.DE FWBVOW Volkswagen Group Aktiengesellschaft  Germany Consumer Discretionary 1937
WKL.AS EuronextWKL Wolters Kluwer Naamloze vennootschap  Netherlands Industrials 1968

Stocks per country

The following table shows the number of stocks (companies) per country as of September 2025:[8]

Rank Country Stocks
1  Germany 17
2  France 15
3  Netherlands 8
4  Spain 4
5  Italy 4
6  Belgium 1
7  Finland 1
Total 50

Use in the financial industry

The EURO STOXX 50 serves as the basis for single sub-indices such as the EURO STOXX 50 ex Financials, which excludes all companies assigned to the ICB code 8000. EURO STOXX 50 is used for as underlying index for other financial products or for performance benchmarking purposes. Additionally, the index serves as an underlying for many strategy indices, such as the EURO STOXX 50 Risk Control Indices. The index is used as an underlying for ETFs and derivative financial instruments such as futures and options.[2]

See also

References

  1. ^ a b EURO STOXX 50, 17 September 2023
  2. ^ a b c "About EURO STOXX 50 Price EUR". Bloomberg. Retrieved 5 July 2022.
  3. ^ "Historical Euro Stoxx 50 Intraday Data (DSX)". PortaraCQG. Retrieved 31 August 2022.
  4. ^ "Euro Stoxx 50 Historie & Entwicklung | Schlusskurse".
  5. ^ "EuroStoxx 50". Markets Insider. 2 June 2018. Retrieved 5 July 2022.
  6. ^ "Euro Stoxx 50 Historie | Kurshistorie | Schlusskurse". boerse.de (in German). Retrieved 2024-08-20.
  7. ^ STOXX Calculation Guide December 2022
  8. ^ a b "STOXX Digital | EURO STOXX 50®". www.stoxx.com.
  9. ^ "STOXX Changes composition of STOXX Blue Chip Indices effective on September 22, 2025" (PDF). STOXX.