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Belgian (BEL20) Industrials Sector Analysis

UpdatedApr 16, 2025
DataAggregated Company Financials
Companies27
  • 7D4.2%
  • 3M-5.8%
  • 1Y-3.1%
  • YTD-7.4%

In the last week, the Industrials industry is up 4.2%, with DEME Group leading the way, up 13%. In contrast, the industry has lost 3.1% in the last 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Belgian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Apr 2025€21.3b€31.7b€1.3b13.5x17x0.7x
Fri, 14 Mar 2025€22.0b€31.8b€1.4b12.8x16x0.7x
Sun, 09 Feb 2025€22.4b€30.7b€1.6b12x14.2x0.7x
Tue, 07 Jan 2025€23.2b€30.7b€1.6b13.7x14.7x0.8x
Thu, 05 Dec 2024€22.7b€30.7b€1.6b13.9x14.4x0.7x
Sat, 02 Nov 2024€22.8b€30.7b€1.6b12.9x14.1x0.7x
Mon, 30 Sep 2024€23.4b€30.7b€1.6b13.6x14.5x0.8x
Wed, 28 Aug 2024€22.9b€29.8b€1.5b12.8x14.9x0.8x
Fri, 26 Jul 2024€22.8b€29.8b€1.6b13.2x14.5x0.8x
Sun, 23 Jun 2024€22.7b€29.8b€1.6b13.4x14.5x0.8x
Tue, 21 May 2024€23.4b€30.2b€1.6b12.9x14.9x0.8x
Thu, 18 Apr 2024€22.6b€30.2b€1.6b12.8x14.5x0.7x
Sat, 16 Mar 2024€21.3b€30.4b€1.6b12.8x13.2x0.7x
Mon, 12 Feb 2024€20.5b€29.5b€1.8b13.1x11.3x0.7x
Wed, 10 Jan 2024€22.5b€32.6b€1.9b11x11.6x0.7x
Fri, 08 Dec 2023€21.3b€32.1b€2.0b11x10.9x0.7x
Sun, 05 Nov 2023€20.2b€31.8b€2.0b12.6x10x0.6x
Tue, 03 Oct 2023€21.2b€32.0b€2.0b12.7x10.4x0.7x
Thu, 31 Aug 2023€22.0b€31.1b€2.1b12.8x10.6x0.7x
Sat, 29 Jul 2023€23.2b€31.1b€2.1b13.3x11x0.7x
Mon, 26 Jun 2023€22.2b€31.0b€2.1b15.5x10.5x0.7x
Wed, 24 May 2023€22.8b€31.0b€2.1b11.7x10.8x0.7x
Fri, 21 Apr 2023€22.3b€30.9b€2.1b11.3x10.5x0.7x
Sun, 19 Mar 2023€21.8b€30.3b€2.2b9.9x10.1x0.7x
Tue, 14 Feb 2023€23.1b€29.3b€1.9b12.3x12x0.8x
Thu, 12 Jan 2023€23.4b€29.3b€1.9b11.8x12.1x0.8x
Sat, 10 Dec 2022€22.5b€29.3b€1.9b11.2x11.7x0.8x
Mon, 07 Nov 2022€21.4b€29.2b€1.9b11.3x11.2x0.7x
Wed, 05 Oct 2022€21.2b€29.1b€1.9b11.4x11.1x0.7x
Fri, 02 Sep 2022€20.8b€28.4b€1.9b11.9x11.1x0.7x
Sun, 31 Jul 2022€21.2b€27.0b€1.7b11x12.4x0.8x
Tue, 28 Jun 2022€20.7b€24.4b€1.6b11.9x13x0.8x
Thu, 26 May 2022€21.5b€24.4b€1.6b13x13.5x0.9x
Sat, 23 Apr 2022€23.7b€24.4b€1.6b13.6x14.8x1x
Price to Earnings Ratio

14.8x


Total Market Cap: €23.7bTotal Earnings: €1.6bTotal Revenue: €24.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Industrials Sector Price to Earnings3Y Average 12.5x202320242025
Current Industry PE
  • Investors are optimistic on the Belgian Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 12.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 7.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Belgian Industrials sector?

BE Market2.75%
Industrials4.17%
Construction8.22%
Electrical1.67%
Logistics0.86%
Building0.68%
Commercial Services0.63%
Trade Distributors0.45%
Professional Services0%0
Transportation0%0
Infrastructure0%0
Machinery-4.55%
Industry PE
  • Investors are most optimistic about the Trade Distributors industry even though it's trading below its 3-year average PE ratio of 32.9x.
    • Analysts are expecting annual earnings growth of 12.7%, which is higher than its past year's earnings growth of 1.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 98% over the next 5 years.
  • In contrast, the Machinery industry is expected to see its earnings grow by 5.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ACKB Ackermans & Van Haaren€202.6011.3%
+€672.9m
29.6%PE14.4x
DEME DEME Group€140.608.3%
+€272.9m
-1.7%PE12.3x
AZE Azelis Group€15.394.9%
+€175.3m
-34.5%PE20.7x
CENER Cenergy Holdings€8.608.3%
+€140.1m
23.0%PE13.1x
RECT Recticel€10.449.8%
+€52.3m
-13.7%PE35.6x
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