Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) Construction Machinery and Vehicles Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies16
  • 7D0.06%
  • 3M16.9%
  • 1Y16.2%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has remained flat, although notably Knorr-Bremse gained 5.9%. The past year has been better, since the industry has gained 20% in that time. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026€92.7b€128.7b€5.1b28.1x18x0.7x
Sat, 24 Jan 2026€87.3b€128.7b€5.1b28x17x0.7x
Mon, 22 Dec 2025€82.3b€128.7b€5.1b25.9x16x0.6x
Wed, 19 Nov 2025€75.8b€128.7b€5.3b23.4x14.3x0.6x
Fri, 17 Oct 2025€75.0b€131.5b€5.7b27.2x13.1x0.6x
Sun, 14 Sep 2025€81.6b€131.5b€5.7b29.6x14.2x0.6x
Tue, 12 Aug 2025€84.9b€131.3b€5.7b29x14.8x0.6x
Thu, 10 Jul 2025€85.2b€132.5b€6.5b28x13x0.6x
Sat, 07 Jun 2025€80.8b€132.5b€6.5b25.1x12.4x0.6x
Mon, 05 May 2025€75.2b€133.3b€6.6b22.3x11.4x0.6x
Wed, 02 Apr 2025€75.8b€134.6b€7.1b18.2x10.7x0.6x
Fri, 28 Feb 2025€79.2b€135.7b€7.3b16.6x10.9x0.6x
Sun, 26 Jan 2025€69.9b€135.8b€7.4b15.8x9.5x0.5x
Tue, 24 Dec 2024€65.6b€135.8b€7.4b14.6x8.9x0.5x
Thu, 21 Nov 2024€66.0b€135.8b€7.4b13.8x8.9x0.5x
Sat, 19 Oct 2024€70.7b€136.4b€7.8b13.9x9.1x0.5x
Mon, 16 Sep 2024€63.0b€136.4b€7.8b12.4x8.1x0.5x
Wed, 14 Aug 2024€64.2b€136.5b€7.8b10.2x8.2x0.5x
Fri, 12 Jul 2024€71.0b€137.2b€8.1b11.8x8.8x0.5x
Sun, 09 Jun 2024€73.5b€137.2b€8.1b12.8x9.1x0.5x
Tue, 07 May 2024€76.2b€137.2b€8.1b12.2x9.4x0.6x
Thu, 04 Apr 2024€82.1b€136.5b€7.8b13.6x10.5x0.6x
Sat, 02 Mar 2024€75.1b€134.2b€7.1b11.3x10.6x0.6x
Mon, 29 Jan 2024€59.5b€134.0b€7.0b9.9x8.5x0.4x
Wed, 27 Dec 2023€59.6b€134.0b€7.0b10.2x8.5x0.4x
Fri, 24 Nov 2023€52.7b€134.0b€7.0b9.2x7.5x0.4x
Sun, 22 Oct 2023€52.5b€132.4b€6.2b9.1x8.5x0.4x
Tue, 19 Sep 2023€57.7b€132.4b€6.2b9.8x9.4x0.4x
Thu, 17 Aug 2023€59.8b€132.4b€6.2b10x9.7x0.5x
Sat, 15 Jul 2023€59.3b€127.6b€5.7b11.6x10.4x0.5x
Mon, 12 Jun 2023€56.2b€127.6b€5.7b11.1x9.9x0.4x
Wed, 10 May 2023€56.2b€124.2b€5.1b12.4x11x0.5x
Fri, 07 Apr 2023€52.9b€121.3b€5.0b11.4x10.6x0.4x
Sun, 05 Mar 2023€56.9b€114.3b€4.0b13.8x14.3x0.5x
Price to Earnings Ratio

14.3x


Total Market Cap: €56.9bTotal Earnings: €4.0bTotal Revenue: €114.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Construction Machinery and Vehicles Industry Price to Earnings3Y Average 10.8x202420252026
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 18.0x which is higher than its 3-year average PE of 10.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
  • The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 4.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

DE Market-0.093%
Industrials0.061%
Machinery-0.29%
Construction Machinery and Vehicles0.058%
Industrial Machinery-1.11%
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?

CompanyLast Price7D1YValuation
KBX Knorr-Bremse€113.606.6%
+€1.1b		35.0%PE42.1x
DEZ DEUTZ€11.963.0%
+€53.4m		124.2%PE47.7x
MSAG MS Industrie€1.311.6%
+€594.6k		-9.0%PS0.3x
S188 SMT Scharf€6.850.7%
+€273.6k		0%PE9.8x

Latest News

JST
€64.60
JOST Werke
7D
-0.6%
1Y
32.2%
8TRA
€36.24
Traton
7D
-1.5%
1Y
-1.7%

8TRA: Weak 2026 Truck Demand Will Pressure Earnings Power And Rating

Analysts have raised their average price target on Traton by around €0.80, reflecting slightly higher assumed revenue growth, a modestly lower discount rate, and broadly unchanged margin and future P/E expectations. Analyst Commentary Recent research opinions on Traton are mixed, with some analysts turning more positive on the share price potential while others highlight execution risks and end market headwinds.
R3NK
€58.21
RENK Group
7D
-4.6%
1Y
89.3%

R3NK: Higher Discount Rate And Lower P/E Will Still Support Upside

Analysts have trimmed their fair value estimate for RENK Group from €84.00 to €76.00 as small shifts in the discount rate, revenue growth assumptions, profit margin expectations and future P/E inputs feed through to a lower overall price target. Valuation Changes Fair Value: Trimmed from €84.00 to €76.00, reflecting a lower overall valuation level in the model.
KBX
€113.60
Knorr-Bremse
7D
6.6%
1Y
35.0%

KBX: Updated 2026 Guidance And Long-Term P/E Assumptions Will Frame Balanced Outlook

Analysts have raised their price target on Knorr-Bremse from €110 to €125, citing updated assumptions for revenue growth, profit margins and long-term P/E, even as some recent research, such as the DZ Bank downgrade, reflects a more cautious stance. Analyst Commentary Bullish analysts are framing the higher €125 price target as a sign that they see the current valuation as leaving room for upside if management delivers on its plans.
KGX
€63.20
KION GROUP
7D
-3.3%
1Y
56.3%

KGX: Higher Future P/E Assumptions Will Drive Upside Potential

Our analyst fair value estimate for KION GROUP has shifted from €67.00 to €79.00, reflecting updated assumptions on growth, margins, and a higher future P/E multiple in the context of recent Street target revisions from Citi and JPMorgan. Analyst Commentary Recent Street research around KION GROUP has been active, with price targets adjusted and ratings updated as analysts refresh their views on the company.
DEZ
€11.96
DEUTZ
7D
3.0%
1Y
124.2%

DEZ: Future Earnings Multiple Will Likely Remain Too Weak For €10 Fair Value

Analysts have modestly adjusted their price target for DEUTZ to €10.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, even though their view of fair value in euro terms remains unchanged.
S188
€6.85
SMT Scharf
7D
0.7%
1Y
0%
DTG
€42.19
Daimler Truck Holding
7D
-0.3%
1Y
-0.4%

DTG: Incremental Forecast Upgrades Will Still Leave Rich Multiple Exposed

Analysts have nudged their price targets for Daimler Truck higher, with recent increases such as Goldman Sachs moving to €37 and Morgan Stanley to €47. These changes support a small upward shift in our fair value estimate and slightly stronger assumptions for revenue growth, profit margins and future P/E.
4X0
€42.30
Steyr Motors
7D
-6.0%
1Y
125.0%
WAC
€20.95
Wacker Neuson
7D
-2.3%
1Y
18.4%

WAC: Fair Value Will Reflect Narrowed 2025 Guidance And Tariff Headwinds

Analysts have kept their price target for Wacker Neuson steady at €20.67, citing only small tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E as reasons to maintain their previous valuation view. What's in the News Wacker Neuson SE revised its earnings guidance for 2025, narrowing expected revenue to a range of €2,150m to €2,250m from a previous range of €2,100m to €2,300m (Key Developments).
VOS
€82.50
Vossloh
7D
-1.7%
1Y
64.7%
MSAG
€1.31
MS Industrie
7D
1.6%
1Y
-9.0%