Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) Industrials Sector Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies157
  • 7D-1.9%
  • 3M5.2%
  • 1Y18.7%
  • YTD8.3%

Over the last 7 days, the Industrials industry has dropped 1.9%, driven by declines in Siemens Energy and Rheinmetall of 3.2% and 6.5%, respectively. This takes the industry's 12 month performance to a gain of 18%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026€751.8b€543.4b€24.8b21.1x30.3x1.4x
Mon, 04 May 2026€761.7b€550.4b€25.7b19.8x29.6x1.4x
Wed, 01 Apr 2026€679.8b€552.2b€25.9b19.4x26.2x1.2x
Fri, 27 Feb 2026€767.1b€558.1b€27.1b20.9x28.3x1.4x
Sun, 25 Jan 2026€743.4b€555.9b€26.1b20.6x28.5x1.3x
Tue, 23 Dec 2025€679.9b€556.2b€26.1b21.2x26x1.2x
Thu, 20 Nov 2025€639.9b€554.3b€26.2b19.4x24.4x1.2x
Sat, 18 Oct 2025€643.1b€552.6b€27.5b19.4x23.4x1.2x
Mon, 15 Sep 2025€640.0b€552.7b€27.5b18.8x23.2x1.2x
Wed, 13 Aug 2025€647.7b€552.5b€27.8b19.9x23.3x1.2x
Fri, 11 Jul 2025€630.9b€572.2b€26.9b18.6x23.4x1.1x
Sun, 08 Jun 2025€615.0b€573.5b€26.9b16.9x22.9x1.1x
Tue, 06 May 2025€567.9b€565.9b€25.7b16.9x22.1x1x
Thu, 03 Apr 2025€542.3b€566.6b€26.4b16.3x20.5x1x
Sat, 01 Mar 2025€536.4b€564.1b€25.5b16.5x21.1x1x
Mon, 27 Jan 2025€497.8b€558.6b€27.5b15.4x18.1x0.9x
Wed, 25 Dec 2024€465.0b€559.1b€27.4b14.9x16.9x0.8x
Fri, 22 Nov 2024€449.1b€558.7b€27.5b13.8x16.3x0.8x
Sun, 20 Oct 2024€456.0b€554.4b€26.2b14.7x17.4x0.8x
Tue, 17 Sep 2024€414.6b€554.8b€26.2b14.7x15.9x0.7x
Thu, 15 Aug 2024€409.9b€555.0b€26.8b14.4x15.3x0.7x
Sat, 13 Jul 2024€444.0b€549.6b€23.8b15.3x18.7x0.8x
Mon, 10 Jun 2024€440.7b€549.6b€23.6b15.8x18.7x0.8x
Wed, 08 May 2024€440.4b€551.9b€26.6b15.9x16.5x0.8x
Fri, 05 Apr 2024€452.0b€551.1b€27.1b15.2x16.7x0.8x
Sun, 03 Mar 2024€439.5b€559.4b€30.7b14x14.3x0.8x
Tue, 30 Jan 2024€419.7b€565.0b€26.7b14.7x15.7x0.7x
Thu, 28 Dec 2023€415.1b€565.0b€26.7b15.1x15.5x0.7x
Sat, 25 Nov 2023€381.6b€564.7b€26.7b14.1x14.3x0.7x
Mon, 23 Oct 2023€354.8b€574.8b€33.7b13.1x10.5x0.6x
Wed, 20 Sep 2023€382.4b€574.7b€33.8b14.4x11.3x0.7x
Fri, 18 Aug 2023€392.6b€574.1b€33.8b14.2x11.6x0.7x
Sun, 16 Jul 2023€420.7b€574.8b€36.5b14.7x11.5x0.7x
Tue, 13 Jun 2023€418.8b€573.0b€36.6b15.2x11.4x0.7x
Price to Earnings Ratio

11.4x


Total Market Cap: €418.8bTotal Earnings: €36.6bTotal Revenue: €573.0bTotal Market Cap vs Earnings and Revenue0%0%0%
German Industrials Sector Price to Earnings3Y Average 19.3x202420252026
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 30.5x which is higher than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 12% 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 Market-1.53%
Industrials-1.90%
Marine and Shipping5.24%
Logistics1.86%
Construction1.61%
Trade Distributors0.46%
Professional Services0.13%
Industrials-0.43%
Building-0.60%
Airlines-1.68%
Electrical-2.51%
Machinery-2.73%
Infrastructure-4.10%
Transportation-5.15%
Commercial Services-6.10%
Aerospace & Defense-7.30%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 14.0x.
    • Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings decline of 84.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Professional Services industry, expecting annual earnings growth of 92% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 4.4% 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
DHL Deutsche Post€52.161.9%
+€1.1b		27.9%PE16.4x
HLAG Hapag-Lloyd€116.805.2%
+€1.0b		-20.8%PE82.8x
HOT HOCHTIEF€496.001.9%
+€707.3m		201.3%PE46.4x
BYW BayWa€14.2521.8%
+€255.8m		-21.1%PS0.07x
3CA Plejd€101.206.0%
+€64.3m		74.8%PE56.4x

Latest News

MTX
€301.80
MTU Aero Engines
7D
-3.7%
1Y
-15.1%
Narrative Update • Jun 05

MTX: Future Re Rating Will Hinge On Dividend Support And Execution

The analyst price target for MTU Aero Engines has been trimmed by about €2 to €499, as analysts factor in higher required returns and a higher future P/E, partly reflecting recent downgrades and target cuts, along with one new bullish initiation. Analyst Commentary Recent research on MTU Aero Engines has been mixed, but there is a clear group of bullish analysts who see scope for upside if execution stays on track and key risks are managed effectively.
SIE
€268.80
Siemens
7D
-0.4%
1Y
22.9%
Narrative Update • Jun 05

SIE: AI Data Center And Industrial AI Partnerships Will Shape 2026 Outlook

Narrative Update: Siemens Analyst Price Target Shift Analysts have nudged Siemens' fair value estimate higher, from about €282.91 to roughly €286.17, reflecting updated assumptions around revenue growth, profit margins and future P/E, alongside a series of recent price target increases in the €260 to €335 range and interest in its role within new AI data center architectures. Analyst Commentary Recent research points to a mix of enthusiasm and caution around Siemens, with several firms revising price targets and highlighting both growth angles and execution risks.
HLAG
€116.80
Hapag-Lloyd
7D
5.2%
1Y
-20.8%
ENR
€158.02
Siemens Energy
7D
-3.2%
1Y
78.2%
HAG
€78.78
Hensoldt
7D
-10.9%
1Y
-20.5%
Narrative Update • Jun 03

HAG: Elevated P/E Will Likely Outrun Support From Future Cash Flow

Analysts have nudged Hensoldt's fair value estimate to €67.41, reflecting slightly higher assumptions for revenue growth, profit margins and future P/E, supported by recent price target moves such as Morgan Stanley's increase to €80 and upgrades from Kepler Cheuvreux and Jefferies. Analyst Commentary Recent research highlights a mixed backdrop around Hensoldt, with supportive fair value work sitting alongside more cautious messages on risks to execution and valuation.
HOT
€496.00
HOCHTIEF
7D
1.9%
1Y
201.3%
Narrative Update • Jun 03

HOT: Dividend Visibility And Data Center Demand Will Shape Future Share Returns

Analysts have raised their price target on HOCHTIEF from about €367.77 to about €441.27, citing refreshed views in recent research that reflect a more positive stance on the stock. What's in the News HOCHTIEF Aktiengesellschaft announced an annual dividend of €6.60 per share.
RHM
€1,209.80
Rheinmetall
7D
-6.5%
1Y
-32.3%
DTG
€41.13
Daimler Truck Holding
7D
-2.4%
1Y
9.3%
Narrative Update • Jun 01

DTG: Execution, Technology And Capital Returns Will Shape Future Confidence

Daimler Truck Holding's analyst price target has been nudged higher by about €1.50 to roughly €46.30. Analysts point to updated assumptions for revenue growth, profit margins and a lower future P/E multiple to support the change.
PNE3
€10.36
PNE
7D
3.0%
1Y
-33.1%
Narrative Update • Jun 01

PNE3: Stable Assumptions And CFO Transition Will Support Future Upside Potential

Analysts have kept their price target for PNE steady at €12.63, citing largely unchanged assumptions for fair value, discount rate and revenue growth, along with a slightly lower profit margin outlook and a marginally higher future P/E estimate. What's in the News CFO Harald Wilbert plans to step down from his role at PNE for personal reasons, with his departure from office effective at the end of June 5, 2026.
DHL
€52.16
Deutsche Post
7D
1.9%
1Y
27.9%
TKMS
€75.90
TKMS & Co KGaA
7D
-10.0%
1Y
n/a
8TRA
€33.82
Traton
7D
0.2%
1Y
15.8%
Narrative Update • May 23

8TRA: Execution Risks And Rich P/E Multiple Will Likely Restrain Upside

Narrative update on Traton The updated analyst work on Traton points to a price target shift of about €0.31, as analysts factor in adjusted assumptions for revenue growth, profit margins and a higher future P/E multiple. This is consistent with recent target raises and new bullish coverage on the stock.
BNR
€56.80
Brenntag
7D
0.5%
1Y
-6.9%
Narrative Update • May 23

BNR: Resilient Demand And Higher Discount Rate Will Shape Fairly Balanced Outlook

The analyst price target for Brenntag has shifted from roughly €53.86 to about €56.43. Analysts cite more resilient second half demand, a smaller price roll off versus peers, and recent rating and target increases from several firms as key drivers of the change.
3CA
€101.20
Plejd
7D
6.0%
1Y
74.8%
OHB
€376.00
OHB
7D
-15.0%
1Y
373.6%
BYW
€14.25
BayWa
7D
21.8%
1Y
-21.1%