Narrative Update • Jul 15

Over the last 7 days, the Construction industry has dropped 1.7%, driven by a pullback from HOCHTIEF of 1.8%. In the past year, the industry has gained 117%. Looking forward, earnings are forecast to grow by 24% annually.
Has the German Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 Jul 2026 | €34.9b | €40.9b | €743.6m | 22.6x | 46.9x | 0.9x |
| Wed, 24 Jun 2026 | €39.0b | €41.0b | €740.7m | 34.7x | 52.7x | 1x |
| Fri, 22 May 2026 | €36.8b | €41.3b | €739.0m | 35.9x | 49.7x | 0.9x |
| Sun, 19 Apr 2026 | €36.4b | €41.0b | €896.8m | 33.6x | 40.5x | 0.9x |
| Tue, 17 Mar 2026 | €29.9b | €41.0b | €896.8m | 29.6x | 33.4x | 0.7x |
| Thu, 12 Feb 2026 | €29.8b | €40.7b | €858.8m | 33.1x | 34.7x | 0.7x |
| Sat, 10 Jan 2026 | €28.1b | €40.7b | €858.8m | 31.3x | 32.8x | 0.7x |
| Mon, 08 Dec 2025 | €24.9b | €40.8b | €870.2m | 27.8x | 28.6x | 0.6x |
| Wed, 05 Nov 2025 | €21.0b | €40.0b | €838.2m | 25.5x | 25.1x | 0.5x |
| Fri, 03 Oct 2025 | €20.5b | €40.0b | €838.7m | 27.7x | 24.4x | 0.5x |
| Sun, 31 Aug 2025 | €17.7b | €40.0b | €838.7m | 28.6x | 21.1x | 0.4x |
| Tue, 29 Jul 2025 | €15.8b | €40.1b | €846.8m | 30x | 18.6x | 0.4x |
| Thu, 26 Jun 2025 | €13.6b | €38.5b | €984.5m | 21.7x | 13.9x | 0.4x |
| Sat, 24 May 2025 | €13.8b | €38.5b | €984.5m | 21x | 14x | 0.4x |
| Mon, 21 Apr 2025 | €13.4b | €35.9b | €799.9m | 29.2x | 16.8x | 0.4x |
| Wed, 19 Mar 2025 | €15.5b | €35.9b | €799.9m | 32.3x | 19.3x | 0.4x |
| Fri, 14 Feb 2025 | €12.5b | €33.6b | €738.1m | 30.1x | 17x | 0.4x |
| Sun, 12 Jan 2025 | €11.6b | €33.6b | €738.1m | 33.5x | 15.7x | 0.3x |
| Tue, 10 Dec 2024 | €10.9b | €33.7b | €727.9m | 33.4x | 15x | 0.3x |
| Thu, 07 Nov 2024 | €10.0b | €32.1b | €704.2m | 35.4x | 14.3x | 0.3x |
| Sat, 05 Oct 2024 | €9.9b | €32.1b | €704.2m | 39.5x | 14x | 0.3x |
| Mon, 02 Sep 2024 | €9.7b | €32.1b | €704.0m | 45.6x | 13.8x | 0.3x |
| Wed, 31 Jul 2024 | €9.4b | €32.1b | €704.3m | 47.5x | 13.4x | 0.3x |
| Fri, 28 Jun 2024 | €9.4b | €31.0b | €431.0m | 62.2x | 21.8x | 0.3x |
| Sun, 26 May 2024 | €9.3b | €31.0b | €430.3m | 123.2x | 21.7x | 0.3x |
| Tue, 23 Apr 2024 | €9.6b | €30.4b | €435.7m | 51.5x | 22.1x | 0.3x |
| Thu, 21 Mar 2024 | €10.0b | €30.4b | €435.7m | 61x | 22.9x | 0.3x |
| Sat, 17 Feb 2024 | €9.8b | €30.1b | €420.4m | 67.3x | 23.4x | 0.3x |
| Mon, 15 Jan 2024 | €10.7b | €31.8b | €334.4m | 52.9x | 32x | 0.3x |
| Wed, 13 Dec 2023 | €10.0b | €31.7b | €328.6m | 65.3x | 30.4x | 0.3x |
| Fri, 10 Nov 2023 | €9.6b | €31.7b | €328.6m | 62.6x | 29.1x | 0.3x |
| Sun, 08 Oct 2023 | €10.0b | €31.6b | €324.9m | 74.7x | 30.7x | 0.3x |
| Tue, 05 Sep 2023 | €10.7b | €31.6b | €328.2m | 14.7x | 32.6x | 0.3x |
| Thu, 03 Aug 2023 | €10.3b | €31.5b | €331.9m | 13.3x | 30.9x | 0.3x |
30.9x
Which industries have driven the changes within the German Industrials industry?
| DE Market | 0.48% | |
| Industrials | 2.42% | |
| Construction | -1.74% | |
| Construction and Engineering | -1.74% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NCH2 thyssenkrupp nucera KGaA | €7.57 | 0.6% +€5.7m | -26.8% | PS1.7x | |
| EBGK Aleia Holding | €0.082 | 26.2% +€315.4k | -45.3% | n/a |