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German (DAX) Aerospace & Defense Industry Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies9
  • 7D10.1%
  • 3M-15.7%
  • 1Y-26.6%
  • YTD-17.2%

Over the last 7 days, the Aerospace & Defense industry has risen 10%, driven by gains from every company within the industry. In contrast, the industry has lost 27% in the last 12 months. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Jul 2026€93.1b€26.0b€2.3b47.2x39.8x3.6x
Wed, 03 Jun 2026€95.8b€26.0b€2.3b46.9x40.9x3.7x
Fri, 01 May 2026€100.5b€25.5b€2.3b57.6x43.2x3.9x
Sun, 29 Mar 2026€99.4b€25.4b€2.3b47.3x42.9x3.9x
Tue, 24 Feb 2026€120.7b€25.7b€2.0b73.9x60.4x4.7x
Thu, 22 Jan 2026€125.9b€25.7b€2.0b72.9x62.4x4.9x
Sat, 20 Dec 2025€107.0b€25.7b€2.0b62x53.3x4.2x
Mon, 17 Nov 2025€115.9b€23.5b€1.9b85.2x60.6x4.9x
Wed, 15 Oct 2025€120.4b€22.9b€1.8b115.5x66.4x5.3x
Fri, 12 Sep 2025€119.0b€22.9b€1.8b112.6x65.6x5.2x
Sun, 10 Aug 2025€107.0b€22.8b€1.8b98.6x58.9x4.7x
Tue, 08 Jul 2025€116.7b€22.2b€1.7b112.7x69.3x5.3x
Thu, 05 Jun 2025€116.6b€22.2b€1.7b113.1x69.3x5.3x
Sat, 03 May 2025€95.8b€20.9b€1.6b76.1x61.2x4.6x
Mon, 31 Mar 2025€83.8b€20.9b€1.6b48.1x53.6x4x
Wed, 26 Feb 2025€65.4b€19.8b€1.4b25.9x45.9x3.3x
Fri, 24 Jan 2025€56.5b€19.4b€1.5b26.6x37.9x2.9x
Sun, 22 Dec 2024€49.1b€19.4b€1.5b24.5x32.9x2.5x
Tue, 19 Nov 2024€47.3b€19.4b€1.5b23.6x31.8x2.4x
Thu, 17 Oct 2024€42.1b€17.3b€706.1m26.3x59.6x2.4x
Sat, 14 Sep 2024€42.4b€17.3b€706.1m27.4x60.1x2.5x
Mon, 12 Aug 2024€42.5b€17.3b€707.4m28.3x60.1x2.5x
Wed, 10 Jul 2024€40.5b€16.2b€612.4m30.3x66.1x2.5x
Fri, 07 Jun 2024€40.6b€16.2b€612.4m30.5x66.3x2.5x
Sun, 05 May 2024€41.2b€16.0b€539.6m29.8x76.3x2.6x
Tue, 02 Apr 2024€41.7b€15.8b€503.1m34.8x82.8x2.6x
Thu, 29 Feb 2024€35.3b€15.3b€349.1m33.7x101.1x2.3x
Sat, 27 Jan 2024€29.8b€15.3b€349.1m27.7x85.3x2x
Mon, 25 Dec 2023€26.7b€15.3b€349.1m25.8x76.6x1.8x
Wed, 22 Nov 2023€26.8b€15.3b€349.1m25.7x76.7x1.8x
Fri, 20 Oct 2023€24.3b€15.7b€988.6m22.8x24.6x1.5x
Sun, 17 Sep 2023€25.1b€15.7b€988.6m22.6x25.4x1.6x
Tue, 15 Aug 2023€27.2b€15.7b€988.7m24x27.5x1.7x
Thu, 13 Jul 2023€27.6b€15.0b€849.1m23.6x32.5x1.8x
Price to Earnings Ratio

32.5x


Total Market Cap: €27.6bTotal Earnings: €849.1mTotal Revenue: €15.0bTotal Market Cap vs Earnings and Revenue0%0%0%
German Aerospace & Defense Industry Price to Earnings3Y Average 56.2x202420252026
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 39.8x which is lower than its 3-year average PE of 56.2x.
  • 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 40% 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 Market4.14%
Industrials6.28%
Aerospace & Defense10.13%
Aerospace and Defense10.13%
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
RHM Rheinmetall€1.09k12.6%
+€5.7b		-39.4%PE48.5x
MTX MTU Aero Engines€378.605.4%
+€1.0b		0.7%PE20.5x
HAG Hensoldt€75.5811.9%
+€926.3m		-25.3%PE87.3x
TKMS TKMS & Co KGaA€84.009.7%
+€470.1m		n/aPE63.5x
OHB OHB€297.005.5%
+€296.9m		304.6%PE101.4x

Latest News

RHM
€1,093.40
Rheinmetall
7D
12.6%
1Y
-39.4%
HAG
€75.58
Hensoldt
7D
11.9%
1Y
-25.3%
Narrative Update • Jul 02

HAG: Defense Partnerships And Team Gen 6 Will Test Elevated P/E

Hensoldt's latest narrative update reflects a higher analyst price target of €80, up from €78. This change is supported by expectations for stronger profitability, slightly adjusted discount rates, updated revenue assumptions, and a lower future P/E outlook cited by analysts.
FQT
€63.40
Frequentis
7D
1.1%
1Y
35.5%
OHB
€297.00
OHB
7D
5.5%
1Y
304.6%
Narrative Update • Jun 26

OHB: Capital Raise And Defense Expansion Will Reshape Future Business Profile

Analysts have raised their price target for OHB to €320 from €141, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple as the main drivers of the valuation change. What’s in the News for OHB OHB SE plans to raise about €500 million through a capital increase at €300 per new share via a subscription rights offering and private placement, with major shareholders including the Fuchs family and KKR waiving subscription rights to support a larger free float and higher stock liquidity.
MTX
€378.60
MTU Aero Engines
7D
5.4%
1Y
0.7%
Narrative Update • Jun 24

MTX: Future Returns Will Be Pressured By Execution Risks After Recent Downgrades

The analyst price target for MTU Aero Engines has been reduced from €290.82 to €275.00, as analysts factor in recent downgrades and target cuts alongside some more positive initiation and upgrade commentary. Analyst Commentary Recent Street research on MTU Aero Engines points to a mixed backdrop, with several bearish analysts trimming price targets and downgrading the stock, alongside a smaller group taking a more constructive stance.
TKMS
€84.00
TKMS & Co KGaA
7D
9.7%
1Y
n/a
XK4
€40.80
Gabler Group
7D
8.5%
1Y
n/a
V1NC
€18.25
Vincorion
7D
10.5%
1Y
n/a