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German (DAX) Machinery Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies49
  • 7D-0.1%
  • 3M-2.8%
  • 1Y-0.3%
  • YTD-3.0%

In the last week, the Machinery industry is flat overall, with RENK Group standing out by going down 11%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026€117.0b€154.3b€5.1b20.1x23.2x0.8x
Wed, 13 May 2026€116.0b€154.5b€5.0b19.8x23.1x0.8x
Fri, 10 Apr 2026€125.6b€157.5b€5.8b19.7x21.7x0.8x
Sun, 08 Mar 2026€121.1b€161.6b€6.4b20.8x19x0.7x
Tue, 03 Feb 2026€124.9b€161.6b€6.3b21.8x19.7x0.8x
Thu, 01 Jan 2026€119.4b€161.7b€6.4b21.8x18.6x0.7x
Sat, 29 Nov 2025€115.5b€161.7b€6.4b21.1x17.9x0.7x
Mon, 27 Oct 2025€113.7b€164.4b€7.1b20.9x16.1x0.7x
Wed, 24 Sep 2025€118.7b€164.4b€7.1b19.5x16.8x0.7x
Fri, 22 Aug 2025€121.0b€164.5b€7.1b19x17x0.7x
Sun, 20 Jul 2025€119.8b€165.2b€8.1b19.5x14.7x0.7x
Tue, 17 Jun 2025€117.2b€165.7b€8.1b20.7x14.4x0.7x
Thu, 15 May 2025€119.3b€166.3b€8.2b17.7x14.6x0.7x
Sat, 12 Apr 2025€100.7b€168.0b€8.8b16.6x11.5x0.6x
Mon, 10 Mar 2025€123.9b€169.3b€9.0b16.7x13.8x0.7x
Wed, 05 Feb 2025€109.3b€169.2b€9.0b16.1x12.2x0.6x
Fri, 03 Jan 2025€101.9b€169.1b€9.0b17.3x11.4x0.6x
Sun, 01 Dec 2024€102.3b€169.1b€9.0b14.9x11.4x0.6x
Tue, 29 Oct 2024€107.9b€170.2b€9.4b15.6x11.5x0.6x
Thu, 26 Sep 2024€102.3b€169.7b€9.4b15.7x10.9x0.6x
Sat, 24 Aug 2024€103.1b€169.7b€9.4b15.1x11x0.6x
Mon, 22 Jul 2024€106.4b€170.4b€9.7b15.9x11x0.6x
Wed, 19 Jun 2024€106.0b€170.3b€9.7b15.6x11x0.6x
Fri, 17 May 2024€110.7b€170.3b€9.7b17.3x11.4x0.7x
Sun, 14 Apr 2024€117.1b€169.6b€9.6b16.4x12.2x0.7x
Tue, 12 Mar 2024€111.0b€168.3b€9.6b13.7x11.6x0.7x
Thu, 08 Feb 2024€93.6b€167.0b€8.9b13x10.5x0.6x
Sat, 06 Jan 2024€94.4b€171.2b€8.9b13.8x10.5x0.6x
Mon, 04 Dec 2023€90.1b€171.1b€9.0b12.9x10.1x0.5x
Wed, 01 Nov 2023€85.1b€170.4b€9.0b11.9x9.4x0.5x
Fri, 29 Sep 2023€93.2b€169.4b€8.1b12.2x11.5x0.6x
Sun, 27 Aug 2023€93.4b€169.3b€8.1b12.3x11.5x0.6x
Tue, 25 Jul 2023€96.6b€163.6b€7.5b12.7x12.8x0.6x
Thu, 22 Jun 2023€94.8b€163.6b€7.6b14.3x12.5x0.6x
Price to Earnings Ratio

12.5x


Total Market Cap: €94.8bTotal Earnings: €7.6bTotal Revenue: €163.6bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 14x202420252026
Current Industry PE
  • Investors are optimistic on the German Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.2x which is higher than its 3-year average PE of 14.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 13% 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 Trends

Which industries have driven the changes within the German Industrials industry?

DE Market-0.16%
Industrials-0.89%
Machinery-0.12%
Industrial Machinery0.21%
Construction Machinery and Vehicles-0.26%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings growth of 1.8% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.7x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 20% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DTG Daimler Truck Holding€41.841.7%
+€542.0m		9.7%PE27.2x
G1A GEA Group€55.902.4%
+€211.6m		-5.3%PE21.8x
KBX Knorr-Bremse€101.801.2%
+€193.4m		21.6%PE29.7x
8TRA Traton€33.960.4%
+€70.0m		19.7%PE13x
HDD Heidelberger Druckmaschinen€1.5714.0%
+€58.7m		-0.4%PE31.8x

Latest News

HDD
€1.57
Heidelberger Druckmaschinen
7D
14.0%
1Y
-0.4%
R3NK
€46.21
RENK Group
7D
-10.9%
1Y
-35.3%
Narrative Update • Jun 11

R3NK: Record Orders And Backlog Will Support Bullish 2026 Outlook

Analysts have increased their price target for RENK Group to €56.24 from €53.43, citing updated assumptions for revenue growth, profit margins and future P/E, which result in a slightly higher fair value and discount rate. What's in the News KNDS completed a block sale of 5.8 million RENK shares in May 2026, increasing the stock’s free float and adding near term supply pressure for existing shareholders.
DTG
€41.84
Daimler Truck Holding
7D
1.7%
1Y
9.7%
KGX
€37.28
KION GROUP
7D
-7.7%
1Y
-10.3%
Narrative Update • Jun 10

KGX: AI Warehouse Automation Will Recast Execution Risks Under Rising Required Returns

KION GROUP's updated analyst price target of €60.00, down from €61.87, reflects a mix of recent target cuts and fresh Buy ratings as analysts reassess fair value using slightly higher discount rates, modestly adjusted growth and margin expectations, and a lower future P/E assumption. Analyst Commentary Recent Street research on KION GROUP shows a mix of higher conviction Buy calls and trimmed price targets, with analysts recalibrating fair value rather than radically changing their views on the business.
8TRA
€33.96
Traton
7D
0.4%
1Y
19.7%
WAC
€18.10
Wacker Neuson
7D
-3.1%
1Y
-19.2%
Narrative Update • Jun 10

WAC: 2026 Guidance And Dividend Will Support Future Upside Potential

Analysts have kept their €22.67 price target for Wacker Neuson unchanged, with revised assumptions such as a slightly lower discount rate and adjusted expectations for revenue growth, profit margin, and future P/E guiding their valuation framework. What's in the News The Annual General Meeting on May 13, 2026 approved an amendment to the Articles of Incorporation to allow Wacker Neuson to issue electronic shares.
STM
€16.26
Stabilus
7D
-9.8%
1Y
-36.7%
Narrative Update • Jun 06

STM: Industrial Expansion And 2026 Guidance Will Support Future Upside

Analysts have reduced their fair value estimate for Stabilus by about €2.43 to €25.84, citing recent research that includes a €6 cut to the stock's price target at one major bank. What's in the News Stabilus SE confirmed earnings guidance for fiscal year 2026, with revenue expected in a range of €1.1b to €1.3b.
PFV
€169.40
Pfeiffer Vacuum Technology
7D
1.4%
1Y
5.1%
DEZ
€9.11
DEUTZ
7D
-4.7%
1Y
30.2%
Narrative Update • Jun 04

DEZ: Index Inclusion And Energy Expansion Will Support Future Share Repricing

Analysts have raised their price target on DEUTZ by €1.10 to €14.00, citing updated assumptions on fair value, discount rate, growth, margins and future P/E that are in line with recent Street research. What's in the News Q1 2026 results: DEUTZ reported order intake up 41.2% and revenue up 8.4%, with an adjusted EBIT margin of 7.0%, supported by a transition to a new five division structure and its Future Fit cost saving programme.
KRN
€111.20
Krones
7D
-2.5%
1Y
-19.8%
RAA
€650.50
RATIONAL
7D
-1.1%
1Y
-8.2%
Narrative Update • Jun 02

RAA: Balanced Rating Shifts And Dividend Plans Will Shape Medium Term Outlook

RATIONAL’s analyst price target has been adjusted by €27 overall. This reflects updated views on the stock after mixed target changes and ratings moves from several research houses, with analysts pointing to refined assumptions on growth, margins and future P/E.
CA1
€6.65
Circus
7D
4.2%
1Y
-52.0%
G1A
€55.90
GEA Group
7D
2.4%
1Y
-5.3%
Narrative Update • Jun 02

G1A: Rising Dividend Stream Will Support Stronger Long Term Margins

Analysts have kept their GEA Group price target steady at €78.00. They point to only very small tweaks in discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in the core outlook.
KBX
€101.80
Knorr-Bremse
7D
1.2%
1Y
21.6%
Narrative Update • Jun 01

KBX: Strong 2026 Cycle Execution And Q1 Performance Should Support Upside

Knorr-Bremse's analyst fair value estimate has been lifted from €125 to €129, as analysts point to recent price target increases from several banks and describe the stock as inexpensive for a high-quality capital goods company. Analyst Commentary Recent Street research has tilted more positive on Knorr-Bremse, with several bullish analysts lifting fair value estimates and price targets.
DUE
€19.36
Dürr
7D
-4.6%
1Y
-17.4%
KWG
€1.86
KHD Humboldt Wedag International
7D
6.9%
1Y
10.1%