Narrative Update • Jun 07

The Aerospace & Defense is pretty flat in the last 7 days, but OHB has stood out, gaining 9.2%. Unfortunately though, the industry is down 21% over the past 12 months. As for the next few years, earnings are expected to grow by 26% per annum.
Has the German Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Jun 2026 | €95.7b | €26.0b | €2.3b | 41.9x | 40.9x | 3.7x |
| Tue, 12 May 2026 | €92.6b | €25.9b | €2.3b | 50.4x | 39.6x | 3.6x |
| Thu, 09 Apr 2026 | €113.7b | €25.4b | €2.3b | 48.6x | 49.1x | 4.5x |
| Sat, 07 Mar 2026 | €112.1b | €26.1b | €2.1b | 70.4x | 53.6x | 4.3x |
| Mon, 02 Feb 2026 | €124.8b | €25.7b | €2.0b | 73.5x | 61.9x | 4.9x |
| Wed, 31 Dec 2025 | €106.7b | €25.7b | €2.0b | 65.1x | 53.2x | 4.2x |
| Fri, 28 Nov 2025 | €104.0b | €25.7b | €2.0b | 64.9x | 51.8x | 4x |
| Sun, 26 Oct 2025 | €121.4b | €23.1b | €1.9b | 110.7x | 65.3x | 5.3x |
| Tue, 23 Sep 2025 | €122.1b | €22.9b | €1.8b | 116.3x | 67.4x | 5.3x |
| Thu, 21 Aug 2025 | €103.3b | €22.8b | €1.8b | 93.8x | 56.9x | 4.5x |
| Sat, 19 Jul 2025 | €119.0b | €22.2b | €1.7b | 114.8x | 70.7x | 5.4x |
| Mon, 16 Jun 2025 | €113.3b | €22.2b | €1.7b | 107.9x | 67.3x | 5.1x |
| Wed, 14 May 2025 | €100.8b | €22.2b | €1.7b | 85.9x | 59.8x | 4.5x |
| Fri, 11 Apr 2025 | €84.5b | €20.9b | €1.6b | 45.7x | 53.9x | 4x |
| Sun, 09 Mar 2025 | €75.5b | €20.0b | €1.5b | 28.6x | 49.6x | 3.8x |
| Tue, 04 Feb 2025 | €56.6b | €19.4b | €1.5b | 25.3x | 38x | 2.9x |
| Thu, 02 Jan 2025 | €49.3b | €19.4b | €1.5b | 24.4x | 33.1x | 2.5x |
| Sat, 30 Nov 2024 | €49.9b | €19.4b | €1.5b | 24.5x | 33.5x | 2.6x |
| Mon, 28 Oct 2024 | €42.7b | €18.6b | €1.5b | 23.5x | 28.7x | 2.3x |
| Wed, 25 Sep 2024 | €40.8b | €17.3b | €706.1m | 26x | 57.8x | 2.4x |
| Fri, 23 Aug 2024 | €42.6b | €17.3b | €707.4m | 28.1x | 60.3x | 2.5x |
| Sun, 21 Jul 2024 | €39.9b | €16.2b | €612.4m | 30.1x | 65.2x | 2.5x |
| Tue, 18 Jun 2024 | €38.4b | €16.2b | €612.4m | 29x | 62.6x | 2.4x |
| Thu, 16 May 2024 | €41.0b | €16.2b | €539.1m | 28.9x | 76.1x | 2.5x |
| Sat, 13 Apr 2024 | €41.3b | €15.8b | €503.4m | 35.5x | 82x | 2.6x |
| Mon, 11 Mar 2024 | €35.8b | €15.5b | €445.1m | 33.6x | 80.5x | 2.3x |
| Wed, 07 Feb 2024 | €30.8b | €15.3b | €349.1m | 28.2x | 88.1x | 2x |
| Fri, 05 Jan 2024 | €28.1b | €15.3b | €349.1m | 27x | 80.4x | 1.8x |
| Sun, 03 Dec 2023 | €26.4b | €15.3b | €349.1m | 25.7x | 75.5x | 1.7x |
| Tue, 31 Oct 2023 | €25.4b | €15.7b | €988.6m | 22.9x | 25.7x | 1.6x |
| Thu, 28 Sep 2023 | €23.8b | €15.7b | €988.6m | 22.6x | 24.1x | 1.5x |
| Sat, 26 Aug 2023 | €25.9b | €15.7b | €988.1m | 22.6x | 26.3x | 1.7x |
| Mon, 24 Jul 2023 | €27.7b | €15.0b | €849.1m | 23.9x | 32.7x | 1.9x |
| Wed, 21 Jun 2023 | €28.2b | €15.0b | €849.1m | 24.1x | 33.3x | 1.9x |
33.3x
Which industries have driven the changes within the German Industrials industry?
| DE Market | -0.72% | |
| Industrials | -1.26% | |
| Aerospace & Defense | 0.25% | |
| Aerospace and Defense | 0.25% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OHB OHB | €410.50 | 9.2% +€660.8m | 443.0% | PE140.1x | |
| MTX MTU Aero Engines | €312.00 | 3.4% +€548.6m | -8.6% | PE16.9x |