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German (DAX) Aerospace & Defense Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies9
  • 7D12.1%
  • 3M-19.2%
  • 1Y-14.9%
  • YTD-9.4%

Over the last 7 days, the Aerospace & Defense industry has risen 12%, driven by gains from Rheinmetall of 9.6%. In the past year, the industry is down 15%. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026€101.8b€26.0b€2.3b47.1x43.5x3.9x
Mon, 20 Apr 2026€111.0b€25.5b€2.3b44x47.7x4.4x
Wed, 18 Mar 2026€114.7b€25.1b€2.3b57.6x50.6x4.6x
Fri, 13 Feb 2026€114.0b€25.7b€2.0b73.1x56.5x4.4x
Sun, 11 Jan 2026€127.5b€25.7b€2.0b68x63.2x5x
Tue, 09 Dec 2025€107.6b€25.7b€2.0b65.2x53.6x4.2x
Thu, 06 Nov 2025€116.3b€23.1b€1.9b103.7x62.6x5x
Sat, 04 Oct 2025€129.0b€22.9b€1.8b126.3x71.1x5.6x
Mon, 01 Sep 2025€110.4b€22.8b€1.8b102.7x60.8x4.8x
Wed, 30 Jul 2025€113.0b€22.6b€1.8b106.5x62.6x5x
Fri, 27 Jun 2025€118.5b€22.2b€1.7b113x70.4x5.3x
Sun, 25 May 2025€110.6b€22.2b€1.7b98.2x65.7x5x
Tue, 22 Apr 2025€88.0b€20.9b€1.6b46.8x56.1x4.2x
Thu, 20 Mar 2025€89.0b€20.9b€1.6b30.6x54.3x4.3x
Sat, 15 Feb 2025€59.9b€19.4b€1.5b25.4x40.2x3.1x
Mon, 13 Jan 2025€51.3b€19.4b€1.5b24.6x34.4x2.6x
Wed, 11 Dec 2024€48.6b€19.4b€1.5b24.3x32.6x2.5x
Fri, 08 Nov 2024€45.6b€18.6b€1.5b24.1x30.6x2.4x
Sun, 06 Oct 2024€42.6b€17.3b€706.1m27.3x60.3x2.5x
Tue, 03 Sep 2024€42.2b€17.3b€707.4m27.8x59.6x2.4x
Thu, 01 Aug 2024€41.2b€16.3b€599.4m29.9x68.7x2.5x
Sat, 29 Jun 2024€38.8b€16.2b€612.4m29.7x63.3x2.4x
Mon, 27 May 2024€41.2b€16.2b€612.4m30.1x67.3x2.5x
Wed, 24 Apr 2024€40.2b€15.8b€503.4m34.4x79.8x2.5x
Fri, 22 Mar 2024€38.8b€15.7b€528.1m33.6x73.5x2.5x
Sun, 18 Feb 2024€34.3b€15.3b€349.1m32.2x98.3x2.2x
Tue, 16 Jan 2024€29.1b€15.3b€349.1m27.4x83.4x1.9x
Thu, 14 Dec 2023€26.4b€15.3b€349.1m26x75.8x1.7x
Sat, 11 Nov 2023€25.7b€15.2b€354.6m23.1x72.5x1.7x
Mon, 09 Oct 2023€22.8b€15.7b€988.6m21.7x23.1x1.5x
Wed, 06 Sep 2023€26.6b€15.7b€988.1m23.1x27x1.7x
Fri, 04 Aug 2023€26.8b€15.6b€988.1m24.2x27.1x1.7x
Sun, 02 Jul 2023€27.9b€15.0b€849.1m23.4x32.8x1.9x
Tue, 30 May 2023€26.9b€15.0b€849.1m23.1x31.7x1.8x
Price to Earnings Ratio

31.7x


Total Market Cap: €26.9bTotal Earnings: €849.1mTotal Revenue: €15.0bTotal Market Cap vs Earnings and Revenue0%0%0%
German Aerospace & Defense Industry Price to Earnings3Y Average 55.8x202420252026
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 43.5x which is lower than its 3-year average PE of 55.8x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.9x.
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 Market3.17%
Industrials3.03%
Aerospace & Defense12.08%
Aerospace and Defense12.08%
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€1.23k9.6%
+€5.0b
-31.2%PE54.4x
OHB OHB€590.0028.3%
+€2.5b
824.8%PE201.4x
HAG Hensoldt€89.0420.2%
+€1.7b
12.3%PE102.8x
MTX MTU Aero Engines€296.008.4%
+€1.2b
-12.8%PE16x
TKMS TKMS & Co KGaA€78.4010.4%
+€470.1m
n/aPE59.3x

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