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German (DAX) Construction Machinery and Vehicles Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies15
  • 7D5.2%
  • 3M-0.4%
  • 1Y31.8%
  • YTDn/a

In the last week, the Construction Machinery and Vehicles industry is up 5.2%, with Daimler Truck Holding leading the way, up 4.3%. This takes the industry's 12 month performance to a gain of 32%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the German Construction Machinery and Vehicles Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026€87.2b€123.4b€4.5b27.5x19.5x0.7x
Tue, 10 Mar 2026€82.4b€128.3b€4.9b23.3x16.9x0.6x
Thu, 05 Feb 2026€92.0b€128.7b€5.1b28.8x17.9x0.7x
Sat, 03 Jan 2026€83.9b€128.7b€5.1b26.6x16.3x0.7x
Mon, 01 Dec 2025€79.3b€128.7b€5.1b24.1x15.4x0.6x
Wed, 29 Oct 2025€75.9b€131.5b€5.7b25.3x13.2x0.6x
Fri, 26 Sep 2025€78.9b€131.5b€5.7b30.1x13.7x0.6x
Sun, 24 Aug 2025€85.7b€131.5b€5.8b30x14.9x0.7x
Tue, 22 Jul 2025€81.9b€132.5b€6.5b27.7x12.5x0.6x
Thu, 19 Jun 2025€77.6b€132.5b€6.5b23.3x11.9x0.6x
Sat, 17 May 2025€79.3b€132.5b€6.5b22.6x12.1x0.6x
Mon, 14 Apr 2025€66.4b€134.6b€7.1b17.9x9.4x0.5x
Wed, 12 Mar 2025€79.5b€135.3b€7.5b16.6x10.6x0.6x
Fri, 07 Feb 2025€73.1b€135.8b€7.4b16.1x9.9x0.5x
Sun, 05 Jan 2025€65.5b€135.8b€7.4b14.6x8.9x0.5x
Tue, 03 Dec 2024€66.3b€135.8b€7.4b14.4x9x0.5x
Thu, 31 Oct 2024€70.1b€136.4b€7.8b14.4x9x0.5x
Sat, 28 Sep 2024€68.8b€136.4b€7.8b14.3x8.9x0.5x
Mon, 26 Aug 2024€67.3b€136.4b€7.8b13.7x8.7x0.5x
Wed, 24 Jul 2024€70.7b€137.2b€8.1b11.1x8.8x0.5x
Fri, 21 Jun 2024€71.0b€137.2b€8.1b12.3x8.8x0.5x
Sun, 19 May 2024€75.4b€137.1b€8.1b12.8x9.4x0.5x
Tue, 16 Apr 2024€82.2b€136.5b€7.8b13.3x10.5x0.6x
Thu, 14 Mar 2024€79.1b€135.3b€7.8b10.3x10.2x0.6x
Sat, 10 Feb 2024€60.0b€134.0b€7.0b9.7x8.6x0.4x
Mon, 08 Jan 2024€57.7b€134.0b€7.0b9.6x8.2x0.4x
Wed, 06 Dec 2023€55.3b€134.0b€7.0b9.2x7.9x0.4x
Fri, 03 Nov 2023€51.9b€133.4b€7.0b8.8x7.4x0.4x
Sun, 01 Oct 2023€57.6b€132.4b€6.2b9.4x9.4x0.4x
Tue, 29 Aug 2023€57.3b€132.4b€6.2b9.8x9.3x0.4x
Thu, 27 Jul 2023€58.8b€127.6b€5.7b11.7x10.4x0.5x
Sat, 24 Jun 2023€56.2b€127.6b€5.7b11x9.9x0.4x
Mon, 22 May 2023€57.1b€124.9b€5.2b11.3x11x0.5x
Wed, 19 Apr 2023€57.2b€121.3b€5.0b12x11.5x0.5x
Price to Earnings Ratio

11.5x


Total Market Cap: €57.2bTotal Earnings: €5.0bTotal Revenue: €121.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Construction Machinery and Vehicles Industry Price to Earnings3Y Average 11.1x202420252026
Current Industry PE
  • Investors are optimistic on the German Construction Machinery and Heavy Trucks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.5x which is higher than its 3-year average PE of 11.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
  • The earnings for companies in the Construction Machinery and Heavy Trucks industry have declined 3.5% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does German Construction Machinery and Vehicles compare with similar industries?

DE Market2.93%
Industrials5.62%
Machinery4.75%
Construction Machinery and Vehicles5.21%
Industrial Machinery3.74%
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
DTG Daimler Truck Holding€44.304.3%
+€1.4b		36.7%PE19.2x
KBX Knorr-Bremse€106.207.5%
+€1.2b		40.5%PE32.1x
8TRA Traton€33.305.6%
+€890.0m		28.6%PE10.8x
KGX KION GROUP€45.047.9%
+€432.7m		40.9%PE25.7x
DEZ DEUTZ€9.649.2%
+€124.4m		57.9%PE27.5x

Latest News

8TRA
€33.30
Traton
7D
5.6%
1Y
28.6%

8TRA: Truck Cycle Reset And One OS Rollout Will Drive Medium Term Upside

The analyst fair value estimate for Traton has nudged higher to €46.07 from €45.71. The adjustment reflects recent price target increases from €32 to €34 and €40, and a more supportive analyst stance on future revenue growth, profit margins and truck market conditions.
WAC
€19.80
Wacker Neuson
7D
3.8%
1Y
-4.6%
KBX
€106.20
Knorr-Bremse
7D
7.5%
1Y
40.5%

KBX: Rail Optimism Will Expose Risk In Truck Cycle Execution

Knorr-Bremse's updated analyst price target has edged higher, in line with modestly adjusted fair value and cash flow inputs. Analysts highlight the company's rail growth profile and potential cyclical support from trucks, reflected in a series of recent price target lifts to a range of about €112 to €131.
4X0
€37.80
Steyr Motors
7D
-1.0%
1Y
5.9%
DEZ
€9.64
DEUTZ
7D
9.2%
1Y
57.9%
R3NK
€52.28
RENK Group
7D
-3.0%
1Y
15.3%

R3NK: Dividend Proposal And 2026 Revenue Outlook Will Shape Balanced View

Analysts have nudged their price target for RENK Group slightly higher to about €53.77 from €53.00, reflecting updated views on fair value, discount rate, expected revenue growth, and profit margins. What's in the News RENK Group AG proposed a dividend of €0.58 per share for 2025, to be submitted to the general meeting on June 10, 2026, compared with €0.42 for 2024 and a stated distribution ratio of 40.9% (Key Developments).
JST
€53.00
JOST Werke
7D
6.2%
1Y
12.8%

JST: Follow On Offering And 2026 Guidance Will Support Future Upside

Analysts have reduced their fair value estimate for JOST Werke from €74.00 to €68.00, citing updated assumptions for revenue growth, profit margins, and a higher discount rate, partly offset by a higher future P/E multiple. What's in the News JOST Werke issued earnings guidance for fiscal 2026, indicating an expected single digit percentage increase in Group revenue compared to the 2025 figure of €1,534.2 million (Corporate guidance).
KGX
€45.04
KION GROUP
7D
7.9%
1Y
40.9%

KGX: AI Warehouse Automation And Lumpy Volumes Will Shape Future Upside

Analysts have raised the fair value estimate for KION GROUP from €48.50 to €52.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E after a mix of recent price target changes and rating moves from the Street. Analyst Commentary Recent Street research paints a mixed picture for KION GROUP, with price target changes and rating shifts pointing to both optimism and caution.
DTG
€44.30
Daimler Truck Holding
7D
4.3%
1Y
36.7%

DTG: Rich P/E Will Face Test From Execution And Cycle Risks

The analyst price target for Daimler Truck Holding has been raised from about €30.66 to about €34.31, with analysts citing updated assumptions regarding revenue growth, profit margins and future P/E multiples. These revised assumptions are supported by a series of recent target increases and upgrades across major banks.
VOS
€75.15
Vossloh
7D
4.8%
1Y
19.5%
SF3
€2.91
STS Group
7D
-1.0%
1Y
-7.9%
MSAG
€1.26
MS Industrie
7D
-2.3%
1Y
-25.9%