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German (DAX) Machinery Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies49
  • 7D1.5%
  • 3M3.6%
  • 1Y4.4%
  • YTD-1.5%

Over the last 7 days, the Machinery industry has risen 1.5%, driven by gains in KION GROUP and GEA Group of 12% and 6.5%, respectively. In the last 12 months, the industry was up 4.4%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026€118.6b€154.3b€5.1b19.8x23.5x0.8x
Mon, 18 May 2026€115.9b€154.4b€5.0b19.4x23x0.8x
Wed, 15 Apr 2026€125.1b€157.5b€5.8b19.8x21.7x0.8x
Fri, 13 Mar 2026€123.6b€161.3b€6.4b20.3x19.5x0.8x
Sun, 08 Feb 2026€131.0b€161.6b€6.3b21.7x20.6x0.8x
Tue, 06 Jan 2026€121.7b€161.7b€6.4b21.9x19.2x0.8x
Thu, 04 Dec 2025€113.2b€161.7b€6.4b21.4x17.6x0.7x
Sat, 01 Nov 2025€113.3b€162.9b€6.7b20.5x16.9x0.7x
Mon, 29 Sep 2025€115.0b€164.4b€7.1b19.8x16.3x0.7x
Wed, 27 Aug 2025€121.8b€164.5b€7.1b19x17.1x0.7x
Fri, 25 Jul 2025€125.7b€165.6b€8.1b19.6x15.5x0.8x
Sun, 22 Jun 2025€113.6b€165.7b€8.1b20.4x14x0.7x
Tue, 20 May 2025€118.2b€165.6b€8.1b17.5x14.6x0.7x
Thu, 17 Apr 2025€105.4b€168.0b€8.8b17.6x12x0.6x
Sat, 15 Mar 2025€120.1b€168.4b€8.8b16.6x13.7x0.7x
Mon, 10 Feb 2025€110.7b€169.2b€9.0b16.3x12.4x0.7x
Wed, 08 Jan 2025€106.0b€169.1b€9.0b17.5x11.8x0.6x
Fri, 06 Dec 2024€105.2b€169.1b€9.0b15.5x11.7x0.6x
Sun, 03 Nov 2024€104.4b€170.1b€9.4b14.8x11.1x0.6x
Tue, 01 Oct 2024€103.8b€169.7b€9.4b16.6x11x0.6x
Thu, 29 Aug 2024€102.5b€169.7b€9.4b15.4x10.9x0.6x
Sat, 27 Jul 2024€103.2b€170.4b€9.7b15.9x10.6x0.6x
Mon, 24 Jun 2024€104.8b€170.4b€9.7b16.1x10.8x0.6x
Wed, 22 May 2024€110.9b€170.3b€9.7b17.2x11.4x0.7x
Fri, 19 Apr 2024€115.5b€169.7b€9.6b16.5x12.1x0.7x
Sun, 17 Mar 2024€115.3b€168.3b€9.6b14.6x12x0.7x
Tue, 13 Feb 2024€94.0b€167.0b€8.9b12.8x10.5x0.6x
Thu, 11 Jan 2024€95.3b€171.2b€8.9b14x10.6x0.6x
Sat, 09 Dec 2023€92.3b€171.1b€9.0b13.3x10.3x0.5x
Mon, 06 Nov 2023€87.4b€170.6b€9.0b12.2x9.7x0.5x
Wed, 04 Oct 2023€93.0b€169.4b€8.1b12.2x11.4x0.5x
Fri, 01 Sep 2023€95.4b€169.3b€8.1b12.2x11.8x0.6x
Sun, 30 Jul 2023€98.6b€165.9b€7.9b12.7x12.4x0.6x
Tue, 27 Jun 2023€94.2b€163.6b€7.6b13.9x12.4x0.6x
Price to Earnings Ratio

12.4x


Total Market Cap: €94.2bTotal 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 23.5x 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 Market0.63%
Industrials3.77%
Machinery1.49%
Industrial Machinery2.82%
Construction Machinery and Vehicles0.93%
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 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
KGX KION GROUP€41.8512.3%
+€599.2m		-0.4%PE14.9x
G1A GEA Group€59.556.5%
+€594.2m		3.2%PE23.3x
KBX Knorr-Bremse€103.601.8%
+€290.2m		27.4%PE30.3x
R3NK RENK Group€48.003.9%
+€178.5m		-31.0%PE41.7x
RAA RATIONAL€664.002.1%
+€153.5m		-3.6%PE29.5x

Latest News

8TRA
€33.14
Traton
7D
-2.4%
1Y
21.6%
DEZ
€9.89
DEUTZ
7D
8.6%
1Y
44.5%
Narrative Update • Jun 19

DEZ: Future Margin Delivery Will Be Underpinned By Energy Acquisition

Analysts have nudged their price target on DEUTZ stock up by €0.50, citing updated assumptions on growth, profitability and valuation multiples that support a slightly higher fair value. What’s in the News for DEUTZ DEUTZ reported Q1 2026 results with new orders up 41.2% year on year and consolidated revenue rising 8.4%, according to Capital.com.
KGX
€41.85
KION GROUP
7D
12.3%
1Y
-0.4%
KRN
€115.00
Krones
7D
3.4%
1Y
-14.4%
DTG
€41.33
Daimler Truck Holding
7D
-1.2%
1Y
10.1%
RAA
€664.00
RATIONAL
7D
2.1%
1Y
-3.6%
Narrative Update • Jun 17

RAA: Elevated Expectations And Dividend Payouts Will Pressure Medium Term Returns

RATIONAL’s consensus analyst price target has moved slightly higher to around €588, as analysts factor in RBC Capital’s higher target alongside recent rating changes and updated assumptions for discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research on RATIONAL reflects a split view, with some analysts turning more constructive while others stay cautious on the stock’s valuation and execution risks.
G1A
€59.55
GEA Group
7D
6.5%
1Y
3.2%
Narrative Update • Jun 16

G1A: Rising Dividend Policy Will Support Stronger Long Term Margins

The analyst price target for GEA Group has been adjusted from €78.00 to €75.00. Analysts cite updated fair value, discount rate, revenue growth, profit margin, and forward P/E assumptions as the basis for this change.
KBX
€103.60
Knorr-Bremse
7D
1.8%
1Y
27.4%
Narrative Update • Jun 16

KBX: Upgraded Rail Outlook Will Expose Risk In Margin Execution

The analyst price target for Knorr-Bremse has moved higher to €123, up from €116. Analysts attribute this change to what they consider an inexpensive valuation for the stock, given its perceived quality in the capital goods sector.
MUB
€38.40
Mühlbauer Holding
7D
-3.5%
1Y
-11.1%
HDD
€1.53
Heidelberger Druckmaschinen
7D
-2.4%
1Y
2.4%
VQT
€25.80
Envirotainer
7D
-3.0%
1Y
0%
R3NK
€48.00
RENK Group
7D
3.9%
1Y
-31.0%
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.
WAC
€19.50
Wacker Neuson
7D
7.7%
1Y
-14.5%
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.
VOS
€64.40
Vossloh
7D
-0.5%
1Y
-12.4%
CA1
€6.31
Circus
7D
-5.1%
1Y
-55.9%
4X0
€32.68
Steyr Motors
7D
-2.0%
1Y
-34.9%