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German (DAX) Aerospace & Defense Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.7%
  • 3M-3.7%
  • 1Y9.8%
  • YTD-6.7%

Over the last 7 days, the Aerospace & Defense industry has dropped 4.5%, driven by a pullback from Rheinmetall of 1.8%. On the other hand Hensoldt is actually up 5.1%. This takes the industry's 12 month performance to a gain of 9.3%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the German Aerospace & Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026€105.1b€25.4b€2.3b48.1x45.4x4.1x
Fri, 27 Feb 2026€117.1b€25.8b€2.0b71.7x59.7x4.5x
Sun, 25 Jan 2026€125.3b€25.7b€2.0b76.3x62.2x4.9x
Tue, 23 Dec 2025€106.0b€25.7b€2.0b65.4x52.8x4.1x
Thu, 20 Nov 2025€108.2b€23.5b€1.9b78.4x56.6x4.6x
Sat, 18 Oct 2025€109.5b€22.9b€1.8b103.4x60.4x4.8x
Mon, 15 Sep 2025€119.4b€22.9b€1.8b111.4x65.8x5.2x
Wed, 13 Aug 2025€104.7b€22.8b€1.8b97.5x57.7x4.6x
Fri, 11 Jul 2025€119.3b€22.2b€1.7b116x70.8x5.4x
Sun, 08 Jun 2025€114.3b€22.2b€1.7b110.7x67.9x5.1x
Tue, 06 May 2025€98.3b€20.9b€1.6b76.2x62.8x4.7x
Thu, 03 Apr 2025€83.0b€20.9b€1.6b47.4x53.1x4x
Sat, 01 Mar 2025€68.8b€20.0b€1.5b28x45.2x3.4x
Mon, 27 Jan 2025€55.1b€19.4b€1.5b24.8x37x2.8x
Wed, 25 Dec 2024€49.3b€19.4b€1.5b24.1x33.1x2.5x
Fri, 22 Nov 2024€48.6b€19.4b€1.5b23.8x32.6x2.5x
Sun, 20 Oct 2024€42.6b€17.3b€706.1m26.4x60.4x2.5x
Tue, 17 Sep 2024€42.1b€17.3b€706.1m27.4x59.6x2.4x
Thu, 15 Aug 2024€43.8b€17.3b€707.4m29x62x2.5x
Sat, 13 Jul 2024€41.0b€16.2b€612.4m30.7x67x2.5x
Mon, 10 Jun 2024€41.0b€16.2b€612.4m31x67x2.5x
Wed, 08 May 2024€40.9b€16.0b€544.6m29.5x75.2x2.6x
Fri, 05 Apr 2024€42.2b€15.8b€503.1m35.3x83.9x2.7x
Sun, 03 Mar 2024€35.7b€15.5b€445.1m34x80.2x2.3x
Tue, 30 Jan 2024€30.5b€15.3b€349.1m28.1x87.4x2x
Thu, 28 Dec 2023€27.0b€15.3b€349.1m26.1x77.2x1.8x
Sat, 25 Nov 2023€26.4b€15.3b€349.1m25.7x75.7x1.7x
Mon, 23 Oct 2023€24.2b€15.7b€988.6m22.7x24.5x1.5x
Wed, 20 Sep 2023€24.5b€15.7b€988.6m22.6x24.8x1.6x
Fri, 18 Aug 2023€25.9b€15.7b€988.1m23x26.3x1.7x
Sun, 16 Jul 2023€27.5b€15.0b€849.1m23.6x32.4x1.8x
Tue, 13 Jun 2023€27.3b€15.0b€849.1m23.3x32.2x1.8x
Thu, 11 May 2023€28.1b€14.9b€852.1m24.6x33x1.9x
Sat, 08 Apr 2023€28.3b€14.8b€857.7m26.3x33x1.9x
Price to Earnings Ratio

33x


Total Market Cap: €28.3bTotal Earnings: €857.7mTotal Revenue: €14.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German Aerospace & Defense Industry Price to Earnings3Y Average 55.3x202420252026
Current Industry PE
  • Investors are pessimistic on the German Aerospace & Defense industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 43.8x which is lower than its 3-year average PE of 55.3x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 39% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the German Industrials industry?

DE Market0.20%
Industrials-2.31%
Aerospace & Defense-0.71%
Aerospace and Defense-0.71%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HAG Hensoldt€75.605.1%
+€427.4m
20.0%PE98.1x
OHB OHB€268.004.3%
+€210.7m
279.6%PE102.8x
FQT Frequentis€72.407.7%
+€69.0m
98.9%PE48.1x
Y73 Scandinavian Astor Group€1.453.7%
+€3.2m
-57.7%PE24.8x