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German (DAX) Aerospace & Defense Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies7
  • 7D-0.9%
  • 3M-20.2%
  • 1Y99.1%
  • YTD90.8%

In the last week, Aerospace & Defense has been flat. As for the the longer term, the industry is up 99% over the past 12 months. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025€105.8b€25.7b€2.0b64.8x52.7x4.1x
Thu, 27 Nov 2025€102.6b€25.7b€2.0b64.3x51.1x4x
Sat, 25 Oct 2025€121.4b€22.9b€1.8b110.7x66.9x5.3x
Mon, 22 Sep 2025€120.8b€22.9b€1.8b112.4x66.6x5.3x
Wed, 20 Aug 2025€104.2b€22.8b€1.8b93.8x57.4x4.6x
Fri, 18 Jul 2025€119.3b€22.2b€1.7b114.9x70.8x5.4x
Sun, 15 Jun 2025€113.3b€22.2b€1.7b107.9x67.3x5.1x
Tue, 13 May 2025€99.7b€22.2b€1.7b84x59.2x4.5x
Thu, 10 Apr 2025€80.3b€20.9b€1.6b43.6x51.2x3.8x
Sat, 08 Mar 2025€75.5b€20.0b€1.5b28.6x49.6x3.8x
Mon, 03 Feb 2025€56.6b€19.4b€1.5b25.1x38x2.9x
Wed, 01 Jan 2025€49.3b€19.4b€1.5b24.4x33.1x2.5x
Fri, 29 Nov 2024€49.3b€19.4b€1.5b23.8x33x2.5x
Sun, 27 Oct 2024€42.7b€18.6b€1.5b23.5x28.7x2.3x
Tue, 24 Sep 2024€40.7b€17.3b€706.1m26.2x57.7x2.4x
Thu, 22 Aug 2024€42.7b€17.3b€707.4m28.3x60.4x2.5x
Sat, 20 Jul 2024€40.0b€16.2b€612.4m30.1x65.3x2.5x
Mon, 17 Jun 2024€37.8b€16.2b€612.4m28.6x61.8x2.3x
Wed, 15 May 2024€41.0b€16.0b€542.1m28.9x75.7x2.6x
Fri, 12 Apr 2024€40.5b€15.8b€503.1m35.1x80.6x2.6x
Sun, 10 Mar 2024€35.8b€15.5b€445.1m33.6x80.5x2.3x
Tue, 06 Feb 2024€30.3b€15.3b€349.1m28x86.7x2x
Thu, 04 Jan 2024€27.5b€15.3b€349.1m26.5x78.8x1.8x
Sat, 02 Dec 2023€26.4b€15.3b€349.1m25.7x75.5x1.7x
Mon, 30 Oct 2023€25.0b€15.7b€988.6m22.7x25.3x1.6x
Wed, 27 Sep 2023€23.8b€15.7b€988.6m22.5x24x1.5x
Fri, 25 Aug 2023€26.0b€15.7b€988.1m22.8x26.3x1.7x
Sun, 23 Jul 2023€27.7b€15.0b€849.1m23.9x32.7x1.9x
Tue, 20 Jun 2023€28.1b€15.0b€849.1m24.3x33.1x1.9x
Thu, 18 May 2023€28.5b€14.9b€853.1m24.5x33.4x1.9x
Sat, 15 Apr 2023€28.7b€14.8b€860.6m25.1x33.4x1.9x
Mon, 13 Mar 2023€27.9b€14.3b€781.2m28.6x35.7x2x
Wed, 08 Feb 2023€25.6b€14.0b€689.9m25.5x37.1x1.8x
Fri, 06 Jan 2023€23.6b€14.0b€689.9m23.7x34.1x1.7x
Price to Earnings Ratio

34.1x


Total Market Cap: €23.6bTotal Earnings: €689.9mTotal Revenue: €14.0bTotal Market Cap vs Earnings and Revenue0%0%0%
German Aerospace & Defense Industry Price to Earnings3Y Average 53.5x20242025
Current Industry PE
  • Investors are relatively neutral on the German Aerospace & Defense industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 53.5x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 43% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Market0.12%
Industrials-0.037%
Aerospace & Defense-0.89%
Aerospace and Defense-0.89%
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
No data available

Latest News

MTX
€353.40
MTU Aero Engines
7D
-0.5%
1Y
9.8%

MTX: Spare Parts Strength Will Support Future Cash Flows Despite Ongoing Visibility Concerns

Analysts have nudged their blended price target for MTU Aero Engines slightly higher to about EUR 414 from roughly EUR 411. This reflects incremental optimism on sustained spare parts driven profitability, even as they apply a marginally higher discount rate and forward earnings multiple.
HAG
€72.50
Hensoldt
7D
-1.4%
1Y
110.1%
FQT
€70.80
Frequentis
7D
-1.4%
1Y
163.2%

FQT: Share Buyback And Stable Outlook Will Support Balanced Future Prospects

Analysts have nudged their price target for Frequentis modestly higher to reflect a slightly increased discount rate and stable long term growth and margin expectations, resulting in an updated fair value estimate of $67.49. What's in the News Frequentis AG has commenced a share repurchase program starting September 22, 2025, following shareholder approval at the June 6, 2024 Annual General Meeting.
RHM
€1,526.00
Rheinmetall
7D
-1.2%
1Y
148.3%

RHM: European Rearmament Cycle Will Support Stronger Margins And Earnings Ahead

Analysts have raised their price target on Rheinmetall to EUR 2,500 from EUR 2,300, reflecting stronger profit margin expectations and a series of upward target revisions across the Street, despite only modest tweaks to growth and discount rate assumptions. Analyst Commentary Bullish analysts highlight a series of upward price target revisions for Rheinmetall, pointing to improving confidence in the companys medium term growth and profitability profile.
TKMS
€66.00
TKMS & Co KGaA
7D
-0.2%
1Y
n/a