Narrative Update • Jun 07

In the last week, the Aerospace & Defense industry is up 2.1%, with Rheinmetall up 2.5%. However, the industry is down 19% over the past year. As for the next few years, earnings are expected to grow by 27% per annum.
Has the German Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 12 Jun 2026 | €97.4b | €26.0b | €2.3b | 41.4x | 41.6x | 3.7x |
| Sun, 10 May 2026 | €94.9b | €25.8b | €2.3b | 52.8x | 40.6x | 3.7x |
| Tue, 07 Apr 2026 | €112.6b | €25.4b | €2.3b | 51.3x | 48.6x | 4.4x |
| Thu, 05 Mar 2026 | €115.4b | €25.8b | €2.0b | 74x | 58.8x | 4.5x |
| Sat, 31 Jan 2026 | €124.6b | €25.7b | €2.0b | 73.5x | 61.8x | 4.8x |
| Mon, 29 Dec 2025 | €105.8b | €25.7b | €2.0b | 64.8x | 52.7x | 4.1x |
| Wed, 26 Nov 2025 | €100.8b | €25.7b | €2.0b | 64.2x | 50.2x | 3.9x |
| Fri, 24 Oct 2025 | €120.8b | €22.9b | €1.8b | 110x | 66.6x | 5.3x |
| Sun, 21 Sep 2025 | €120.8b | €22.9b | €1.8b | 112.4x | 66.6x | 5.3x |
| Tue, 19 Aug 2025 | €108.7b | €22.8b | €1.8b | 101.3x | 59.9x | 4.8x |
| Thu, 17 Jul 2025 | €117.4b | €22.2b | €1.7b | 113x | 69.7x | 5.3x |
| Sat, 14 Jun 2025 | €113.3b | €22.2b | €1.7b | 107.9x | 67.3x | 5.1x |
| Mon, 12 May 2025 | €105.0b | €22.2b | €1.7b | 92.1x | 62.4x | 4.7x |
| Wed, 09 Apr 2025 | €81.2b | €20.9b | €1.6b | 45.6x | 52x | 3.9x |
| Fri, 07 Mar 2025 | €81.3b | €20.0b | €1.5b | 29.2x | 53.4x | 4.1x |
| Sun, 02 Feb 2025 | €56.6b | €19.4b | €1.5b | 25.1x | 38x | 2.9x |
| Tue, 31 Dec 2024 | €49.3b | €19.4b | €1.5b | 24.4x | 33.1x | 2.5x |
| Thu, 28 Nov 2024 | €48.9b | €19.4b | €1.5b | 23.7x | 32.8x | 2.5x |
| Sat, 26 Oct 2024 | €42.7b | €17.3b | €706.1m | 26.1x | 60.4x | 2.5x |
| Mon, 23 Sep 2024 | €40.7b | €17.3b | €706.1m | 26.2x | 57.7x | 2.4x |
| Wed, 21 Aug 2024 | €42.7b | €17.3b | €707.4m | 28.2x | 60.4x | 2.5x |
| Fri, 19 Jul 2024 | €40.0b | €16.2b | €612.4m | 30.2x | 65.3x | 2.5x |
| Sun, 16 Jun 2024 | €37.8b | €16.2b | €612.4m | 28.6x | 61.8x | 2.3x |
| Tue, 14 May 2024 | €41.8b | €16.0b | €542.1m | 29.6x | 77.1x | 2.6x |
| Thu, 11 Apr 2024 | €40.1b | €15.8b | €503.1m | 34.7x | 79.7x | 2.5x |
| Sat, 09 Mar 2024 | €35.8b | €15.5b | €445.1m | 33.6x | 80.5x | 2.3x |
| Mon, 05 Feb 2024 | €30.2b | €15.3b | €349.1m | 28.1x | 86.7x | 2x |
| Wed, 03 Jan 2024 | €27.6b | €15.3b | €349.1m | 26.7x | 79.1x | 1.8x |
| Fri, 01 Dec 2023 | €25.8b | €15.3b | €349.1m | 25.4x | 74x | 1.7x |
| Sun, 29 Oct 2023 | €25.0b | €15.7b | €988.6m | 22.7x | 25.3x | 1.6x |
| Tue, 26 Sep 2023 | €23.6b | €15.7b | €988.6m | 22.5x | 23.9x | 1.5x |
| Thu, 24 Aug 2023 | €26.2b | €15.7b | €988.1m | 23.1x | 26.5x | 1.7x |
| Sat, 22 Jul 2023 | €27.7b | €15.0b | €849.1m | 23.9x | 32.7x | 1.9x |
| Mon, 19 Jun 2023 | €27.7b | €15.0b | €849.1m | 24.3x | 32.6x | 1.8x |
32.6x
Which industries have driven the changes within the German Industrials industry?
| DE Market | -2.98% | |
| Industrials | -3.60% | |
| Aerospace & Defense | 2.08% | |
| Aerospace and Defense | 2.08% | |
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 |