Narrative Update • May 03
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German (DAX) Construction Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies9
- 7D19.1%
- 3M47.1%
- 1Y219.6%
- YTD58.8%
In the last week, the Construction industry is up 19%, with HOCHTIEF up 20%. Meanwhile, thyssenkrupp nucera KGaA actually underperformed within the industry, shrinking 6.4% in the last week. In the last 12 months, the industry was up 220%. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the German Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 May 2026 | €42.6b | €41.0b | €896.8m | 37.1x | 47.5x | 1x |
| Mon, 06 Apr 2026 | €31.9b | €41.0b | €896.8m | 30.7x | 35.6x | 0.8x |
| Wed, 04 Mar 2026 | €30.8b | €41.0b | €896.8m | 31.1x | 34.3x | 0.8x |
| Fri, 30 Jan 2026 | €27.9b | €40.7b | €858.8m | 31.2x | 32.5x | 0.7x |
| Sun, 28 Dec 2025 | €26.3b | €40.7b | €858.8m | 29.2x | 30.6x | 0.6x |
| Tue, 25 Nov 2025 | €22.9b | €40.8b | €870.2m | 25.8x | 26.3x | 0.6x |
| Thu, 23 Oct 2025 | €19.9b | €40.0b | €838.7m | 27x | 23.7x | 0.5x |
| Sat, 20 Sep 2025 | €19.0b | €40.0b | €838.7m | 27.4x | 22.6x | 0.5x |
| Mon, 18 Aug 2025 | €18.1b | €40.0b | €838.8m | 29.6x | 21.6x | 0.5x |
| Wed, 16 Jul 2025 | €14.8b | €38.5b | €977.1m | 31x | 15.1x | 0.4x |
| Fri, 13 Jun 2025 | €13.6b | €38.5b | €984.5m | 21.8x | 13.8x | 0.4x |
| Sun, 11 May 2025 | €13.3b | €36.3b | €803.5m | 21.1x | 16.6x | 0.4x |
| Tue, 08 Apr 2025 | €11.6b | €35.9b | €799.9m | 28.5x | 14.5x | 0.3x |
| Thu, 06 Mar 2025 | €14.6b | €35.9b | €799.9m | 29.6x | 18.2x | 0.4x |
| Sat, 01 Feb 2025 | €11.9b | €33.6b | €738.1m | 30x | 16.1x | 0.4x |
| Mon, 30 Dec 2024 | €11.3b | €33.6b | €733.4m | 31.2x | 15.4x | 0.3x |
| Wed, 27 Nov 2024 | €10.2b | €33.7b | €727.9m | 29.5x | 14.1x | 0.3x |
| Fri, 25 Oct 2024 | €11.1b | €32.8b | €745.6m | 36.2x | 14.9x | 0.3x |
| Sun, 22 Sep 2024 | €9.6b | €32.1b | €704.0m | 48x | 13.6x | 0.3x |
| Tue, 20 Aug 2024 | €9.5b | €32.1b | €704.0m | 43x | 13.5x | 0.3x |
| Thu, 18 Jul 2024 | €9.6b | €31.0b | €431.0m | 61.9x | 22.2x | 0.3x |
| Sat, 15 Jun 2024 | €9.0b | €31.0b | €431.0m | 63.5x | 20.9x | 0.3x |
| Mon, 13 May 2024 | €9.6b | €30.4b | €435.7m | 55.8x | 22x | 0.3x |
| Wed, 10 Apr 2024 | €9.7b | €30.4b | €435.7m | 59.9x | 22.3x | 0.3x |
| Fri, 08 Mar 2024 | €10.1b | €30.4b | €435.7m | 63.1x | 23.1x | 0.3x |
| Sun, 04 Feb 2024 | €10.0b | €31.8b | €334.4m | 48.3x | 29.9x | 0.3x |
| Tue, 02 Jan 2024 | €10.4b | €31.8b | €334.4m | 59.2x | 31.2x | 0.3x |
| Thu, 30 Nov 2023 | €10.3b | €31.7b | €328.6m | 69.4x | 31.3x | 0.3x |
| Sat, 28 Oct 2023 | €9.4b | €31.6b | €324.6m | 57.6x | 29x | 0.3x |
| Mon, 25 Sep 2023 | €10.3b | €31.6b | €328.2m | 14.3x | 31.4x | 0.3x |
| Wed, 23 Aug 2023 | €10.6b | €31.5b | €331.9m | 14.2x | 31.8x | 0.3x |
| Fri, 21 Jul 2023 | €9.7b | €31.3b | €330.4m | 12.1x | 29.3x | 0.3x |
| Sun, 18 Jun 2023 | €6.5b | €29.0b | €408.2m | 8.4x | 15.9x | 0.2x |
| Tue, 16 May 2023 | €6.1b | €28.7b | €410.6m | 6.5x | 14.9x | 0.2x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are optimistic on the German Construction industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 47.5x which is higher than its 3-year average PE of 23.2x.
- The 3-year average PS ratio of 0.40x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 13% 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 Market | -0.016% | |
| Industrials | 0.94% | |
| Construction | 19.11% | |
| Construction and Engineering | 19.11% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HOT HOCHTIEF | €549.00 | 20.1% +€6.9b | 250.1% | PE45.8x | |
| B5A0 BAUER | €6.06 | 3.1% +€7.7m | 10.2% | PE28.7x | |
| 3SQ1 AHT Syngas Technology | €2.94 | 9.7% +€608.4k | -36.6% | PS9.5x | |
| EBGK Aleia Holding | €0.13 | 2.4% +€55.7k | -7.9% | n/a |