Belgian (BEL20) Construction and Engineering Industry Analysis

UpdatedMar 25, 2026

DataAggregated Company Financials

Companies5

7D-2.0%
3M19.9%
1Y30.1%
YTDn/a

Over the last 7 days, the Construction and Engineering industry has dropped 2.0%, driven by declines in Ackermans & Van Haaren and DEME Group of 1.7% and 2.9%, respectively. In contrast, Moury Construct has gained 8.4%. Over the past 12 months, the industry was up 30%. As for the next few years, earnings are expected to grow by 5.9% per annum.

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 25 Mar 2026	€13.8b	€11.4b	€1.0b	13.5x	13.7x	1.2x
Fri, 20 Feb 2026	€14.9b	€11.8b	€913.4m	15.2x	16.3x	1.3x
Sun, 18 Jan 2026	€12.2b	€11.8b	€913.4m	12x	13.4x	1x
Tue, 16 Dec 2025	€11.6b	€11.8b	€913.4m	10.9x	12.7x	1x
Thu, 13 Nov 2025	€11.5b	€11.8b	€913.4m	11x	12.6x	1x
Sat, 11 Oct 2025	€10.9b	€11.8b	€913.4m	9.9x	11.9x	0.9x
Mon, 08 Sep 2025	€11.0b	€11.8b	€912.3m	9.8x	12.1x	0.9x
Wed, 06 Aug 2025	€10.9b	€11.5b	€798.2m	11.4x	13.6x	0.9x
Fri, 04 Jul 2025	€10.8b	€11.5b	€798.2m	11.4x	13.5x	0.9x
Sun, 01 Jun 2025	€11.2b	€11.5b	€798.2m	12x	14.1x	1x
Tue, 29 Apr 2025	€10.7b	€11.5b	€796.5m	9.8x	13.4x	0.9x
Thu, 27 Mar 2025	€10.6b	€11.5b	€796.5m	10x	13.3x	0.9x
Sat, 22 Feb 2025	€10.1b	€10.8b	€743.5m	11.5x	13.5x	0.9x
Mon, 20 Jan 2025	€10.2b	€10.8b	€743.5m	12x	13.8x	0.9x
Wed, 18 Dec 2024	€10.0b	€10.8b	€743.5m	11.5x	13.5x	0.9x
Fri, 15 Nov 2024	€9.8b	€10.8b	€743.5m	11.1x	13.2x	0.9x
Sun, 13 Oct 2024	€10.2b	€10.8b	€743.5m	12.3x	13.7x	0.9x
Tue, 10 Sep 2024	€10.1b	€10.8b	€741.4m	12.6x	13.7x	0.9x
Thu, 08 Aug 2024	€10.0b	€10.0b	€609.1m	11.1x	16.5x	1x
Sat, 06 Jul 2024	€10.0b	€10.0b	€609.1m	11.2x	16.4x	1x
Mon, 03 Jun 2024	€9.9b	€10.2b	€618.0m	11.7x	16x	1x
Wed, 01 May 2024	€9.5b	€10.2b	€618.0m	11.1x	15.4x	0.9x
Fri, 29 Mar 2024	€9.5b	€10.2b	€618.0m	10.8x	15.3x	0.9x
Sun, 25 Feb 2024	€8.6b	€9.2b	€772.0m	8.4x	11.2x	0.9x
Tue, 23 Jan 2024	€8.4b	€9.2b	€772.0m	8.3x	10.9x	0.9x
Thu, 21 Dec 2023	€8.4b	€9.2b	€772.0m	8.2x	10.8x	0.9x
Sat, 18 Nov 2023	€7.7b	€9.2b	€772.0m	7.6x	10x	0.8x
Mon, 16 Oct 2023	€7.3b	€8.9b	€763.8m	7.6x	9.5x	0.8x
Wed, 13 Sep 2023	€7.7b	€8.9b	€759.8m	8.7x	10.1x	0.9x
Fri, 11 Aug 2023	€8.5b	€8.4b	€874.0m	7.9x	9.8x	1x
Sun, 09 Jul 2023	€8.4b	€8.4b	€874.0m	7.6x	9.6x	1x
Tue, 06 Jun 2023	€8.7b	€8.4b	€874.0m	7.9x	9.9x	1x
Thu, 04 May 2023	€8.7b	€8.4b	€874.0m	7.8x	10x	1x
Sat, 01 Apr 2023	€8.4b	€8.5b	€880.4m	7.5x	9.5x	1x

Price to Earnings Ratio

9.5x

Sat, 01 Apr 2023

Current Industry PE

Investors are relatively neutral on the Belgian Construction and Engineering industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 12.8x.

The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Construction and Engineering industry have grown 4.6% per year over the last three years.
Revenues for these companies have grown 10% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.