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German (DAX) Industrials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies153
  • 7D4.7%
  • 3M1.4%
  • 1Y39.3%
  • YTD37.0%

The Industrials industry is up 4.7% in the last week, with Siemens Energy up 14%. In the last 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Nov 2025€626.5b€556.2b€26.2b18.6x23.9x1.1x
Tue, 28 Oct 2025€665.2b€552.8b€27.5b20.1x24.2x1.2x
Thu, 25 Sep 2025€651.8b€552.7b€27.5b19.2x23.7x1.2x
Sat, 23 Aug 2025€643.6b€552.7b€27.6b20.1x23.3x1.2x
Mon, 21 Jul 2025€626.1b€550.4b€27.5b18.1x22.8x1.1x
Wed, 18 Jun 2025€600.7b€572.8b€26.9b17.1x22.3x1x
Fri, 16 May 2025€596.9b€571.7b€26.5b16.4x22.6x1x
Sun, 13 Apr 2025€490.5b€566.1b€26.5b14.7x18.5x0.9x
Tue, 11 Mar 2025€558.5b€566.0b€26.0b16.6x21.4x1x
Thu, 06 Feb 2025€491.1b€558.6b€27.5b16x17.9x0.9x
Sat, 04 Jan 2025€464.9b€558.6b€27.5b14.9x16.9x0.8x
Mon, 02 Dec 2024€459.6b€559.0b€27.5b14.3x16.7x0.8x
Wed, 30 Oct 2024€453.1b€556.2b€26.8b14.9x16.9x0.8x
Fri, 27 Sep 2024€447.4b€555.2b€26.2b15.1x17.1x0.8x
Sun, 25 Aug 2024€421.6b€555.2b€26.2b15.4x16.1x0.8x
Tue, 23 Jul 2024€432.7b€549.6b€23.8b15x18.2x0.8x
Thu, 20 Jun 2024€424.6b€549.6b€23.6b15.9x18x0.8x
Sat, 18 May 2024€440.5b€549.4b€23.6b15.7x18.7x0.8x
Mon, 15 Apr 2024€444.1b€551.2b€27.1b15.2x16.4x0.8x
Wed, 13 Mar 2024€438.7b€555.7b€30.4b13.9x14.4x0.8x
Fri, 09 Feb 2024€408.7b€557.3b€26.8b14.2x15.3x0.7x
Sun, 07 Jan 2024€410.1b€565.0b€26.7b14.7x15.4x0.7x
Tue, 05 Dec 2023€390.0b€564.8b€26.7b14x14.6x0.7x
Thu, 02 Nov 2023€347.0b€574.6b€34.0b13.6x10.2x0.6x
Sat, 30 Sep 2023€378.0b€574.7b€33.7b14x11.2x0.7x
Mon, 28 Aug 2023€387.3b€574.2b€33.8b14.4x11.5x0.7x
Wed, 26 Jul 2023€417.7b€575.5b€36.5b15x11.4x0.7x
Fri, 23 Jun 2023€418.6b€573.2b€36.6b14.7x11.4x0.7x
Sun, 21 May 2023€421.4b€570.0b€36.1b15.6x11.7x0.7x
Tue, 18 Apr 2023€441.0b€560.4b€36.5b15.7x12.1x0.8x
Thu, 16 Mar 2023€407.5b€560.2b€36.5b14.4x11.2x0.7x
Sat, 11 Feb 2023€413.2b€544.3b€35.1b15.2x11.8x0.8x
Mon, 09 Jan 2023€372.6b€539.5b€35.6b14.9x10.5x0.7x
Wed, 07 Dec 2022€367.8b€533.9b€34.8b15x10.6x0.7x
Price to Earnings Ratio

10.6x


Total Market Cap: €367.8bTotal Earnings: €34.8bTotal Revenue: €533.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Industrials Sector Price to Earnings3Y Average 16.4x202320242025
Current Industry PE
  • Investors are optimistic on the German Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.9x which is higher than its 3-year average PE of 16.4x.
  • The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 9.0% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 German Industrials sector?

DE Market3.58%
Industrials4.66%
Construction11.77%
Electrical11.39%
Commercial Services7.18%
Building6.12%
Logistics4.23%
Industrials4.15%
Airlines4.13%
Machinery3.86%
Marine and Shipping3.66%
Professional Services2.40%
Trade Distributors2.03%
Infrastructure1.81%
Transportation-1.00%
Aerospace & Defense-1.34%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 47.2x.
    • Analysts are expecting annual earnings growth of 27.2%, which is lower than the prior year's growth of 35.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Professional Services industry, expecting annual earnings growth of 86% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings decline by 3.5% 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
ENR Siemens Energy€115.3014.4%
+€12.4b
126.0%PE69.5x
SIE Siemens€228.304.2%
+€7.1b
24.6%PE23.4x
HOT HOCHTIEF€304.8012.9%
+€2.6b
158.7%PE26.9x
DHL Deutsche Post€44.834.3%
+€2.1b
28.9%PE14.2x
KBX Knorr-Bremse€91.409.3%
+€1.3b
26.7%PE33.9x

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