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German (DAX) Industrials Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies156
  • 7D3.6%
  • 3M12.5%
  • 1Y55.3%
  • YTD7.5%

In the last week, the Industrials industry is up 4.2%, with Siemens up 5.9%. During this same period, the KION GROUP underperformed, falling 7.0%. This means that the industry has gained 56% over the past year. 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
Wed, 14 Jan 2026€745.4b€555.9b€26.1b21.4x28.6x1.3x
Fri, 12 Dec 2025€688.5b€556.0b€26.2b20.9x26.3x1.2x
Sun, 09 Nov 2025€636.5b€514.1b€25.9b18.6x24.6x1.2x
Tue, 07 Oct 2025€676.1b€552.6b€27.5b19.6x24.6x1.2x
Thu, 04 Sep 2025€625.7b€552.7b€27.5b18.6x22.8x1.1x
Sat, 02 Aug 2025€620.7b€552.9b€27.7b21.1x22.4x1.1x
Mon, 30 Jun 2025€616.2b€572.8b€26.9b17.3x22.9x1.1x
Wed, 28 May 2025€616.1b€573.4b€26.9b16.6x22.9x1.1x
Fri, 25 Apr 2025€532.4b€565.8b€26.3b15.9x20.2x0.9x
Sun, 23 Mar 2025€569.3b€567.2b€26.7b17.1x21.4x1x
Tue, 18 Feb 2025€542.3b€560.9b€25.5b16.3x21.3x1x
Thu, 16 Jan 2025€472.9b€558.6b€27.5b15x17.2x0.8x
Sat, 14 Dec 2024€471.0b€559.0b€27.5b14.9x17.1x0.8x
Mon, 11 Nov 2024€451.2b€559.6b€26.4b14.4x17.1x0.8x
Wed, 09 Oct 2024€441.8b€554.4b€26.2b15.4x16.9x0.8x
Fri, 06 Sep 2024€413.4b€555.2b€26.2b14.6x15.8x0.7x
Sun, 04 Aug 2024€403.8b€551.9b€23.1b13.7x17.5x0.7x
Tue, 02 Jul 2024€432.0b€549.6b€23.8b15x18.2x0.8x
Thu, 30 May 2024€440.7b€549.5b€23.6b16.5x18.7x0.8x
Sat, 27 Apr 2024€446.9b€552.0b€27.3b15.2x16.3x0.8x
Mon, 25 Mar 2024€437.8b€550.9b€27.0b15.4x16.2x0.8x
Wed, 21 Feb 2024€412.5b€558.3b€29.8b13.6x13.9x0.7x
Fri, 19 Jan 2024€409.2b€565.0b€26.7b15x15.3x0.7x
Sun, 17 Dec 2023€410.3b€565.0b€26.7b14.6x15.4x0.7x
Tue, 14 Nov 2023€360.4b€564.6b€28.8b14.1x12.5x0.6x
Thu, 12 Oct 2023€515.4b€635.9b€41.6b13.6x12.4x0.8x
Sat, 09 Sep 2023€388.7b€574.4b€33.8b14.6x11.5x0.7x
Mon, 07 Aug 2023€412.6b€575.9b€37.0b14.7x11.2x0.7x
Wed, 05 Jul 2023€409.6b€574.9b€36.5b15x11.2x0.7x
Fri, 02 Jun 2023€411.0b€572.7b€36.6b14.9x11.2x0.7x
Sun, 30 Apr 2023€432.2b€562.0b€36.5b16.1x11.9x0.8x
Tue, 28 Mar 2023€417.1b€556.6b€36.8b14.7x11.4x0.7x
Thu, 23 Feb 2023€413.4b€544.9b€35.2b15.5x11.8x0.8x
Sat, 21 Jan 2023€395.0b€540.2b€35.6b15.5x11.1x0.7x
Price to Earnings Ratio

11.1x


Total Market Cap: €395.0bTotal Earnings: €35.6bTotal Revenue: €540.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Industrials Sector Price to Earnings3Y Average 17.1x202420252026
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 28.5x which is higher than its 3-year average PE of 17.1x.
  • The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 9.8% 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 Market1.54%
Industrials3.58%
Aerospace & Defense8.79%
Industrials5.70%
Marine and Shipping4.33%
Commercial Services3.48%
Construction3.45%
Trade Distributors2.08%
Electrical1.68%
Transportation1.51%
Machinery0.44%
Professional Services-0.17%
Logistics-0.89%
Infrastructure-1.41%
Airlines-2.33%
Building-2.79%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 53.3x.
    • Analysts are expecting annual earnings growth of 28.2%, 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 83% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 3.6% 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
SIE Siemens€261.755.7%
+€11.0b		35.0%PE26.9x
RHM Rheinmetall€1.90k9.4%
+€7.5b		190.7%PE101.3x
ENR Siemens Energy€130.352.4%
+€2.6b		156.4%PE78.9x
TKMS TKMS & Co KGaA€95.4026.4%
+€1.3b		n/aPE57.7x
HAG Hensoldt€92.0012.2%
+€1.2b		150.0%PE85.7x

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