Narrative Update • Jun 07

In the last week, the Aerospace & Defense industry is flat overall, with TKMS & Co KGaA standing out by going down 4.5%. Unfortunately though, the industry is down 18% over the past 12 months. Earnings are forecast to grow by 27% annually.
Has the German Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 10 Jun 2026 | €94.8b | €26.0b | €2.3b | 42.7x | 40.5x | 3.6x |
| Fri, 08 May 2026 | €106.4b | €25.7b | €2.3b | 56.9x | 46x | 4.1x |
| Sun, 05 Apr 2026 | €112.6b | €25.4b | €2.3b | 51.3x | 48.6x | 4.4x |
| Tue, 03 Mar 2026 | €115.9b | €25.8b | €2.0b | 72.5x | 59.1x | 4.5x |
| Thu, 29 Jan 2026 | €127.8b | €25.7b | €2.0b | 75.4x | 63.4x | 5x |
| Sat, 27 Dec 2025 | €105.8b | €25.7b | €2.0b | 65.1x | 52.7x | 4.1x |
| Mon, 24 Nov 2025 | €103.6b | €25.7b | €2.0b | 67.5x | 51.6x | 4x |
| Wed, 22 Oct 2025 | €120.1b | €22.9b | €1.8b | 111.6x | 66.2x | 5.3x |
| Fri, 19 Sep 2025 | €120.5b | €22.9b | €1.8b | 112.5x | 66.4x | 5.3x |
| Sun, 17 Aug 2025 | €107.4b | €22.8b | €1.8b | 98.9x | 59.2x | 4.7x |
| Tue, 15 Jul 2025 | €121.0b | €22.2b | €1.7b | 117.2x | 71.9x | 5.5x |
| Thu, 12 Jun 2025 | €110.1b | €22.2b | €1.7b | 104.9x | 65.4x | 5x |
| Sat, 10 May 2025 | €105.0b | €22.2b | €1.7b | 92.1x | 62.3x | 4.7x |
| Mon, 07 Apr 2025 | €79.4b | €20.9b | €1.6b | 44.5x | 50.8x | 3.8x |
| Wed, 05 Mar 2025 | €76.2b | €20.0b | €1.5b | 28.4x | 50x | 3.8x |
| Fri, 31 Jan 2025 | €55.6b | €19.4b | €1.5b | 24.9x | 37.3x | 2.9x |
| Sun, 29 Dec 2024 | €49.4b | €19.4b | €1.5b | 24.4x | 33.2x | 2.5x |
| Tue, 26 Nov 2024 | €48.6b | €19.4b | €1.5b | 23.6x | 32.6x | 2.5x |
| Thu, 24 Oct 2024 | €42.8b | €17.3b | €706.1m | 26.4x | 60.6x | 2.5x |
| Sat, 21 Sep 2024 | €40.7b | €17.3b | €706.1m | 26.2x | 57.7x | 2.4x |
| Mon, 19 Aug 2024 | €44.3b | €17.3b | €707.4m | 29.4x | 62.6x | 2.6x |
| Wed, 17 Jul 2024 | €41.2b | €16.2b | €612.4m | 31x | 67.2x | 2.5x |
| Fri, 14 Jun 2024 | €40.2b | €16.2b | €612.4m | 29.7x | 65.6x | 2.5x |
| Sun, 12 May 2024 | €41.7b | €16.0b | €542.1m | 29.7x | 76.9x | 2.6x |
| Tue, 09 Apr 2024 | €42.7b | €15.8b | €503.1m | 36.2x | 84.9x | 2.7x |
| Thu, 07 Mar 2024 | €36.3b | €15.5b | €445.1m | 34.1x | 81.6x | 2.3x |
| Sat, 03 Feb 2024 | €30.2b | €15.3b | €349.1m | 28.1x | 86.7x | 2x |
| Mon, 01 Jan 2024 | €27.0b | €15.3b | €349.1m | 26x | 77.4x | 1.8x |
| Wed, 29 Nov 2023 | €25.7b | €15.3b | €349.1m | 25.2x | 73.8x | 1.7x |
| Fri, 27 Oct 2023 | €25.6b | €15.7b | €988.6m | 22.8x | 25.9x | 1.6x |
| Sun, 24 Sep 2023 | €23.8b | €15.7b | €988.6m | 22.5x | 24.1x | 1.5x |
| Tue, 22 Aug 2023 | €26.0b | €15.7b | €988.1m | 23.1x | 26.3x | 1.7x |
| Thu, 20 Jul 2023 | €27.7b | €15.0b | €849.1m | 24x | 32.7x | 1.9x |
| Sat, 17 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 | -2.87% | |
| Industrials | -3.55% | |
| Aerospace & Defense | 0.079% | |
| Aerospace and Defense | 0.079% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTX MTU Aero Engines | €300.60 | 2.2% +€355.0m | -14.1% | PE16.3x | |
| OHB OHB | €367.00 | 1.4% +€95.8m | 370.5% | PE125.3x |