Belgian (BEL20) Construction Industry Analysis

UpdatedMar 12, 2026

DataAggregated Company Financials

Companies5

7D0.7%
3M25.3%
1Y41.8%
YTD23.6%

The Construction is pretty flat in the last 7 days, but DEME Group has stood out, gaining 4.9%. The past year has been better, since the industry has gained 42% in that time. Earnings are forecast to grow by 6.0% annually.

Industry Valuation and Performance

Has the Belgian Construction Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 12 Mar 2026	€14.4b	€11.5b	€993.4m	14.2x	14.5x	1.3x
Sat, 07 Feb 2026	€13.7b	€11.8b	€913.4m	14.1x	15x	1.2x
Mon, 05 Jan 2026	€11.7b	€11.8b	€913.4m	11.1x	12.8x	1x
Wed, 03 Dec 2025	€11.2b	€11.8b	€913.4m	11x	12.3x	0.9x
Fri, 31 Oct 2025	€11.0b	€11.8b	€913.4m	10.3x	12x	0.9x
Sun, 28 Sep 2025	€10.8b	€11.8b	€913.4m	9.4x	11.8x	0.9x
Tue, 26 Aug 2025	€11.2b	€11.5b	€798.2m	11.8x	14.1x	1x
Thu, 24 Jul 2025	€10.8b	€11.5b	€798.2m	11.5x	13.5x	0.9x
Sat, 21 Jun 2025	€10.9b	€11.5b	€798.2m	11.7x	13.6x	0.9x
Mon, 19 May 2025	€11.5b	€11.5b	€798.2m	12.3x	14.4x	1x
Wed, 16 Apr 2025	€10.5b	€11.5b	€796.5m	10.3x	13.1x	0.9x
Fri, 14 Mar 2025	€10.2b	€11.5b	€798.4m	9.9x	12.7x	0.9x
Sun, 09 Feb 2025	€9.9b	€10.8b	€743.5m	11.4x	13.3x	0.9x
Tue, 07 Jan 2025	€10.5b	€10.8b	€743.5m	12.1x	14.2x	1x
Thu, 05 Dec 2024	€10.3b	€10.8b	€743.5m	12x	13.9x	1x
Sat, 02 Nov 2024	€10.1b	€10.8b	€743.5m	11.8x	13.6x	0.9x
Mon, 30 Sep 2024	€10.5b	€10.8b	€743.5m	12.6x	14.1x	1x
Wed, 28 Aug 2024	€10.1b	€10.0b	€609.1m	11.1x	16.6x	1x
Fri, 26 Jul 2024	€10.2b	€10.0b	€609.1m	11.1x	16.7x	1x
Sun, 23 Jun 2024	€9.8b	€10.0b	€609.8m	13.4x	16.2x	1x
Tue, 21 May 2024	€10.2b	€10.2b	€618.0m	11.7x	16.5x	1x
Thu, 18 Apr 2024	€9.2b	€10.2b	€618.0m	10.9x	14.8x	0.9x
Sat, 16 Mar 2024	€9.2b	€10.2b	€614.9m	10.5x	14.9x	0.9x
Mon, 12 Feb 2024	€8.5b	€9.2b	€772.0m	8.4x	11.1x	0.9x
Wed, 10 Jan 2024	€8.5b	€9.2b	€772.0m	8.3x	11x	0.9x
Fri, 08 Dec 2023	€8.0b	€9.2b	€772.0m	7.8x	10.3x	0.9x
Sun, 05 Nov 2023	€7.4b	€8.9b	€763.8m	7.9x	9.7x	0.8x
Tue, 03 Oct 2023	€7.7b	€8.9b	€763.8m	7.8x	10.1x	0.9x
Thu, 31 Aug 2023	€8.3b	€8.4b	€874.7m	8.6x	9.5x	1x
Sat, 29 Jul 2023	€8.7b	€8.4b	€874.0m	7.9x	9.9x	1x
Mon, 26 Jun 2023	€8.5b	€8.4b	€875.7m	8.3x	9.7x	1x
Wed, 24 May 2023	€8.8b	€8.4b	€874.0m	8x	10.1x	1.1x
Fri, 21 Apr 2023	€8.6b	€8.4b	€874.0m	7.9x	9.9x	1x
Sun, 19 Mar 2023	€8.1b	€8.4b	€877.7m	7.4x	9.2x	1x

Price to Earnings Ratio

9.2x

Sun, 19 Mar 2023

Current Industry PE

Investors are optimistic on the Belgian Construction industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 14.5x which is higher than its 3-year average PE of 12.7x.

The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Construction industry have grown 4.2% per year over the last three years.
Revenues for these companies have grown 11% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.