Narrative Update • Aug 11
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German (DAX) Aerospace & Defense Industry Analysis
UpdatedAug 14, 2026
DataAggregated Company Financials
Companies10
- 7D2.0%
- 3M8.5%
- 1Y-16.5%
- YTD-11.7%
The Aerospace & Defense industry is up 2.0% in the last week, with TKMS & Co KGaA up 14%. However, the industry is down 17% over the past year. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Aug 2026 | €100.0b | €28.0b | €2.5b | 49.9x | 40.7x | 3.6x |
| Sun, 12 Jul 2026 | €86.7b | €26.0b | €2.3b | 44x | 37x | 3.3x |
| Tue, 09 Jun 2026 | €96.1b | €26.0b | €2.3b | 44.2x | 41x | 3.7x |
| Thu, 07 May 2026 | €106.4b | €25.7b | €2.3b | 56.9x | 46x | 4.1x |
| Sat, 04 Apr 2026 | €112.6b | €25.4b | €2.3b | 51.3x | 48.6x | 4.4x |
| Mon, 02 Mar 2026 | €115.9b | €25.8b | €2.0b | 72.5x | 59.1x | 4.5x |
| Wed, 28 Jan 2026 | €128.0b | €25.7b | €2.0b | 75.9x | 63.5x | 5x |
| Fri, 26 Dec 2025 | €105.8b | €25.7b | €2.0b | 65.1x | 52.7x | 4.1x |
| Sun, 23 Nov 2025 | €103.6b | €25.7b | €2.0b | 67.5x | 51.6x | 4x |
| Tue, 21 Oct 2025 | €120.1b | €22.9b | €1.8b | 110.7x | 66.2x | 5.3x |
| Thu, 18 Sep 2025 | €118.8b | €22.9b | €1.8b | 111.4x | 65.5x | 5.2x |
| Sat, 16 Aug 2025 | €107.4b | €22.8b | €1.8b | 98.9x | 59.2x | 4.7x |
| Mon, 14 Jul 2025 | €118.9b | €22.2b | €1.7b | 114.2x | 70.6x | 5.4x |
| Wed, 11 Jun 2025 | €107.7b | €22.2b | €1.7b | 102.3x | 64x | 4.9x |
| Fri, 09 May 2025 | €102.2b | €21.5b | €1.6b | 91.9x | 62x | 4.8x |
| Sun, 06 Apr 2025 | €79.4b | €20.9b | €1.6b | 44.5x | 50.8x | 3.8x |
| Tue, 04 Mar 2025 | €77.5b | €20.0b | €1.5b | 29x | 50.9x | 3.9x |
| Thu, 30 Jan 2025 | €55.6b | €19.4b | €1.5b | 24.9x | 37.3x | 2.9x |
| Sat, 28 Dec 2024 | €49.4b | €19.4b | €1.5b | 24.4x | 33.2x | 2.5x |
| Mon, 25 Nov 2024 | €49.5b | €19.4b | €1.5b | 24.2x | 33.2x | 2.6x |
| Wed, 23 Oct 2024 | €43.1b | €17.3b | €706.1m | 26.5x | 61.1x | 2.5x |
| Fri, 20 Sep 2024 | €40.9b | €17.3b | €706.1m | 26.3x | 57.9x | 2.4x |
| Sun, 18 Aug 2024 | €44.3b | €17.3b | €707.4m | 29.4x | 62.6x | 2.6x |
| Tue, 16 Jul 2024 | €41.3b | €16.2b | €612.4m | 31x | 67.4x | 2.5x |
| Thu, 13 Jun 2024 | €40.1b | €16.2b | €612.4m | 29.9x | 65.5x | 2.5x |
| Sat, 11 May 2024 | €41.7b | €16.0b | €542.1m | 29.7x | 76.9x | 2.6x |
| Mon, 08 Apr 2024 | €41.8b | €15.8b | €503.1m | 35.3x | 83.1x | 2.6x |
| Wed, 06 Mar 2024 | €36.4b | €15.5b | €445.1m | 34.2x | 81.8x | 2.4x |
| Fri, 02 Feb 2024 | €30.2b | €15.3b | €349.1m | 28.1x | 86.5x | 2x |
| Sun, 31 Dec 2023 | €27.0b | €15.3b | €349.1m | 26x | 77.4x | 1.8x |
| Tue, 28 Nov 2023 | €25.8b | €15.3b | €349.1m | 25.2x | 73.8x | 1.7x |
| Thu, 26 Oct 2023 | €25.3b | €15.7b | €988.6m | 22.7x | 25.6x | 1.6x |
| Sat, 23 Sep 2023 | €23.8b | €15.7b | €988.6m | 22.5x | 24.1x | 1.5x |
| Mon, 21 Aug 2023 | €26.0b | €15.7b | €988.1m | 23.2x | 26.3x | 1.7x |
Price to Earnings Ratio
26.3x
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 40.7x which is lower than its 3-year average PE of 56.5x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Aerospace & Defense industry have grown 35% per year over the last three years.
- Revenues for these companies have grown 21% 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 Market | 0.30% | |
| Industrials | 1.40% | |
| Aerospace & Defense | 1.97% | |
| Aerospace and Defense | 1.97% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RHM Rheinmetall | €1.20k | 4.9% +€2.6b | -25.8% | PE46.4x | |
| TKMS TKMS & Co KGaA | €105.20 | 19.3% +€1.1b | n/a | PE82.5x | |
| MTX MTU Aero Engines | €382.70 | 3.2% +€641.1m | -1.4% | PE21.9x | |
| OHB OHB | €259.00 | 13.3% +€633.4m | 271.1% | PE122.7x | |
| HAG Hensoldt | €95.62 | 5.9% +€612.2m | 11.6% | PE92x |
