Narrative Update • Jun 17
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German (DAX) Machinery Industry Analysis
UpdatedJun 22, 2026
DataAggregated Company Financials
Companies49
- 7D-0.1%
- 3M1.5%
- 1Y4.3%
- YTD-1.5%
Last week, the Machinery industry hasn't moved much but KION GROUP is up 12% in that time. As for the the longer term, the industry is up 4.3% over the past 12 months. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Jun 2026 | €118.7b | €154.3b | €5.1b | 19.8x | 23.5x | 0.8x |
| Wed, 20 May 2026 | €115.0b | €154.4b | €5.0b | 17.9x | 22.9x | 0.7x |
| Fri, 17 Apr 2026 | €124.2b | €157.5b | €5.8b | 19.8x | 21.5x | 0.8x |
| Sun, 15 Mar 2026 | €120.7b | €156.0b | €5.9b | 19.9x | 20.5x | 0.8x |
| Tue, 10 Feb 2026 | €131.6b | €161.7b | €6.4b | 22x | 20.7x | 0.8x |
| Thu, 08 Jan 2026 | €125.1b | €161.7b | €6.4b | 22x | 19.7x | 0.8x |
| Sat, 06 Dec 2025 | €117.0b | €161.7b | €6.4b | 21.7x | 18.2x | 0.7x |
| Mon, 03 Nov 2025 | €113.2b | €162.9b | €6.7b | 20.5x | 16.9x | 0.7x |
| Wed, 01 Oct 2025 | €115.4b | €164.4b | €7.1b | 20.9x | 16.3x | 0.7x |
| Fri, 29 Aug 2025 | €121.2b | €164.5b | €7.1b | 18.9x | 17.1x | 0.7x |
| Sun, 27 Jul 2025 | €124.7b | €165.4b | €7.8b | 19.8x | 16.1x | 0.8x |
| Tue, 24 Jun 2025 | €113.3b | €165.7b | €8.1b | 20.1x | 13.9x | 0.7x |
| Thu, 22 May 2025 | €118.8b | €165.6b | €8.1b | 17.1x | 14.6x | 0.7x |
| Sat, 19 Apr 2025 | €104.5b | €168.0b | €8.8b | 17.3x | 11.9x | 0.6x |
| Mon, 17 Mar 2025 | €120.3b | €168.4b | €8.8b | 16.6x | 13.7x | 0.7x |
| Wed, 12 Feb 2025 | €112.8b | €169.2b | €9.0b | 16.8x | 12.6x | 0.7x |
| Fri, 10 Jan 2025 | €105.5b | €169.1b | €9.0b | 17.4x | 11.8x | 0.6x |
| Sun, 08 Dec 2024 | €105.5b | €169.1b | €9.0b | 15.4x | 11.8x | 0.6x |
| Tue, 05 Nov 2024 | €104.0b | €170.1b | €9.4b | 14.9x | 11x | 0.6x |
| Thu, 03 Oct 2024 | €102.7b | €169.7b | €9.4b | 16.1x | 10.9x | 0.6x |
| Sat, 31 Aug 2024 | €104.1b | €169.7b | €9.4b | 15.5x | 11.1x | 0.6x |
| Mon, 29 Jul 2024 | €103.3b | €170.3b | €9.6b | 15.9x | 10.7x | 0.6x |
| Wed, 26 Jun 2024 | €105.4b | €170.4b | €9.7b | 15.9x | 10.9x | 0.6x |
| Fri, 24 May 2024 | €111.0b | €170.3b | €9.7b | 17.4x | 11.5x | 0.7x |
| Sun, 21 Apr 2024 | €114.1b | €169.7b | €9.6b | 16.5x | 11.9x | 0.7x |
| Tue, 19 Mar 2024 | €115.5b | €168.3b | €9.6b | 14.5x | 12.1x | 0.7x |
| Thu, 15 Feb 2024 | €94.1b | €167.0b | €8.9b | 12.6x | 10.5x | 0.6x |
| Sat, 13 Jan 2024 | €95.9b | €171.2b | €8.9b | 14x | 10.7x | 0.6x |
| Mon, 11 Dec 2023 | €92.3b | €171.2b | €8.9b | 13.3x | 10.3x | 0.5x |
| Wed, 08 Nov 2023 | €85.7b | €170.4b | €9.0b | 12.2x | 9.5x | 0.5x |
| Fri, 06 Oct 2023 | €91.1b | €169.4b | €8.1b | 11.9x | 11.2x | 0.5x |
| Sun, 03 Sep 2023 | €95.3b | €169.4b | €8.1b | 12.2x | 11.7x | 0.6x |
| Tue, 01 Aug 2023 | €98.8b | €165.9b | €7.9b | 12.7x | 12.5x | 0.6x |
| Thu, 29 Jun 2023 | €95.4b | €163.6b | €7.6b | 13.9x | 12.6x | 0.6x |
Price to Earnings Ratio
12.6x
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 23.5x 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 | -0.24% | |
| Industrials | 2.60% | |
| Machinery | -0.11% | |
| Industrial Machinery | 2.27% | |
| Construction Machinery and Vehicles | -1.10% | |
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 16.1%, which is higher than its past year's earnings growth of 2.4% 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 11.8x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| G1A GEA Group | €58.30 | 3.9% +€358.2m | 0.2% | PE22.8x | |
| KGX KION GROUP | €42.11 | 5.4% +€281.9m | 0.6% | PE15x | |
| KBX Knorr-Bremse | €104.00 | 1.1% +€177.3m | 26.4% | PE30.4x | |
| RAA RATIONAL | €663.50 | 0.9% +€68.2m | -4.4% | PE29.4x | |
| KSB KSB SE KGaA | €896.00 | 3.0% +€45.5m | 8.0% | PE11.1x |
