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German (DAX) Machinery Industry Analysis

UpdatedSep 16, 2026
DataAggregated Company Financials
Companies49
  • 7D-4.0%
  • 3M1.1%
  • 1Y2.7%
  • YTD0.3%

Over the last 7 days, the Machinery industry has dropped 4.0%, driven by a pullback from KION GROUP of 9.7%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Sep 2026€120.8b€156.2b€5.6b16.4x21.7x0.8x
Fri, 14 Aug 2026€123.4b€156.2b€5.6b17.2x22.2x0.8x
Sun, 12 Jul 2026€118.0b€153.7b€5.1b19.3x23.2x0.8x
Tue, 09 Jun 2026€116.9b€154.3b€5.1b20x23.1x0.8x
Thu, 07 May 2026€123.1b€154.4b€5.0b21x24.6x0.8x
Sat, 04 Apr 2026€120.9b€157.5b€5.8b19.2x21x0.8x
Mon, 02 Mar 2026€131.0b€161.7b€6.3b21.6x20.7x0.8x
Wed, 28 Jan 2026€123.9b€161.6b€6.3b21.9x19.5x0.8x
Fri, 26 Dec 2025€118.1b€161.7b€6.4b21.6x18.4x0.7x
Sun, 23 Nov 2025€111.2b€161.6b€6.6b19.6x16.9x0.7x
Tue, 21 Oct 2025€112.1b€164.4b€7.1b20.9x15.9x0.7x
Thu, 18 Sep 2025€116.9b€164.4b€7.1b19.1x16.5x0.7x
Sat, 16 Aug 2025€122.9b€164.5b€7.1b20.3x17.3x0.7x
Mon, 14 Jul 2025€122.6b€165.2b€8.1b19.8x15.1x0.7x
Wed, 11 Jun 2025€117.8b€165.7b€8.1b20.7x14.5x0.7x
Fri, 09 May 2025€113.5b€166.3b€8.1b19.4x14x0.7x
Sun, 06 Apr 2025€101.6b€168.0b€8.8b16.7x11.6x0.6x
Tue, 04 Mar 2025€120.6b€169.4b€9.0b16.8x13.4x0.7x
Thu, 30 Jan 2025€109.7b€169.2b€9.0b16.4x12.2x0.6x
Sat, 28 Dec 2024€102.3b€169.1b€9.0b17.1x11.4x0.6x
Mon, 25 Nov 2024€102.8b€169.1b€9.0b14.7x11.5x0.6x
Wed, 23 Oct 2024€107.1b€169.7b€9.4b15.8x11.4x0.6x
Fri, 20 Sep 2024€102.9b€169.7b€9.4b15.7x11x0.6x
Sun, 18 Aug 2024€101.7b€169.7b€9.4b15.1x10.8x0.6x
Tue, 16 Jul 2024€107.4b€170.4b€9.7b15.9x11.1x0.6x
Thu, 13 Jun 2024€109.1b€170.3b€9.7b16.1x11.3x0.6x
Sat, 11 May 2024€114.5b€170.3b€9.7b17.2x11.8x0.7x
Mon, 08 Apr 2024€118.4b€169.7b€9.6b16.1x12.3x0.7x
Wed, 06 Mar 2024€108.6b€168.3b€9.6b13.5x11.3x0.6x
Fri, 02 Feb 2024€97.8b€171.2b€8.9b14.1x10.9x0.6x
Sun, 31 Dec 2023€97.1b€171.2b€8.9b14x10.9x0.6x
Tue, 28 Nov 2023€88.1b€171.0b€9.0b13x9.8x0.5x
Thu, 26 Oct 2023€85.7b€169.4b€8.1b12.3x10.6x0.5x
Sat, 23 Sep 2023€93.2b€169.4b€8.1b12.4x11.5x0.6x
Price to Earnings Ratio

11.5x


Total Market Cap: €93.2bTotal Earnings: €8.1bTotal Revenue: €169.4bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 14.9x202420252026
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 21.7x which is higher than its 3-year average PE of 14.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 12% per year over the last three years,
  • Revenues have also declined 2.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

DE Market-2.30%
Industrials-5.28%
Machinery-3.95%
Industrial Machinery-2.64%
Construction Machinery and Vehicles-4.48%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings growth of 6.0% 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 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 19% 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
KBX Knorr-Bremse€103.601.2%
+€193.4m		26.6%PE28.5x
G1A GEA Group€64.600.9%
+€89.5m		4.6%PE24.1x
JST JOST Werke€61.803.0%
+€29.5m		27.0%PE49.9x
GIL DMG MORI€47.700.4%
+€15.8m		3.0%PE52.4x
TTR1 technotrans€28.251.8%
+€3.5m		6.6%PE17.5x

Latest News

VOS
€57.50
Vossloh
7D
-5.1%
1Y
-36.4%
RAA
€581.00
RATIONAL
7D
-1.4%
1Y
-10.6%
G1A
€64.60
GEA Group
7D
0.9%
1Y
4.6%
Narrative Update • Sep 09

G1A: Rising Dividend Policy Will Support Stronger Long Term Margins

Analysts have adjusted their fair value estimate for GEA Group from €75.00 to €78.00, citing updated assumptions on revenue growth, profitability and future P/E levels as the key drivers of the revised price target. What’s in the News for GEA Group No major recent news items for GEA Group were identified in the provided sources.
DEZ
€11.62
DEUTZ
7D
-12.8%
1Y
23.9%
Narrative Update • Sep 08

DEZ: Future Upside Will Hinge On 2026 Earnings Guidance Confidence

Analysts have lifted their fair value estimate for DEUTZ from €12.94 to €15.16, citing updated assumptions on growth, profitability and P/E multiples that are broadly consistent with the recent €9.44 price target set in new Street research coverage. What's in the News for DEUTZ Kirloskar Oil Engines Limited and DEUTZ agreed on a cooperation to expand KOEL's compact engine solutions into Europe and North America through the R550 engine platform, with power output from 18 to 41.2 kW and compliance with EU Stage V and EPA and CARB Tier 4 emissions standards.
DTG
€43.55
Daimler Truck Holding
7D
-0.9%
1Y
17.2%
Narrative Update • Sep 08

DTG: Future Upside Will Rely On Truck Cycle Recovery Execution

The fair value estimate for Daimler Truck Holding is updated from €55.00 to €58.00, reflecting analysts' higher price targets around €50 to €58 and their expectations for steadier revenue growth, stronger profit margins and a lower future P/E profile. Analyst Commentary Recent research on Daimler Truck Holding shows a cluster of higher price targets and upgrades that support the updated fair value estimate.
R3NK
€40.76
RENK Group
7D
-4.8%
1Y
-41.4%
Narrative Update • Sep 07

R3NK: 2026 Revenue Guidance Will Support Continued Bullish Thesis

Analysts have reduced their average price target for RENK Group to about €49.81 from roughly €53.62, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for RENK Group RENK Group AG confirmed earnings guidance for 2026 and continues to expect revenue in excess of €1.5b.
KBX
€103.60
Knorr-Bremse
7D
1.2%
1Y
26.6%
Narrative Update • Sep 03

KBX: Higher Rail Ambitions Will Test Mixed Sentiment On Execution Risk

Analysts have raised the fair value estimate for Knorr-Bremse to about €99.24 from about €93.71, attributing the change to updated assumptions on discount rates, revenue growth, profit margins and P/E expectations, as well as recent price target increases from several banks. Analyst Commentary Recent Street research on Knorr-Bremse reflects a mix of optimism on price targets alongside pockets of caution that investors should note.
JST
€61.80
JOST Werke
7D
3.0%
1Y
27.0%
GIL
€47.70
DMG MORI
7D
0.4%
1Y
3.0%
MSAG
€1.23
MS Industrie
7D
0.8%
1Y
-15.8%
AAG
€13.60
Aumann
7D
1.9%
1Y
18.7%
8TRA
€36.44
Traton
7D
-1.7%
1Y
19.8%
Narrative Update • Aug 21

8TRA: Cyclical Truck Market Recovery Will Likely Expose Margin Execution Risks

Analysts have lifted their price expectations for Traton, with the updated fair value estimate rising from about €23.39 to roughly €27.17. This reflects a series of higher Street price targets in the €35 to €40 range and slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E.
KGX
€41.61
KION GROUP
7D
-9.7%
1Y
-26.1%
Narrative Update • Aug 20

KGX: Warehouse Automation Execution Will Drive Future Repricing Potential

The analyst fair value estimate for KION GROUP has been reduced from €76 to €70, as analysts factor in updated assumptions on revenue growth, profit margins and discount rates, along with a series of revised Street price targets across the stock. Analyst Commentary on KION GROUP Recent Street research on KION GROUP shows a mix of revised price targets and rating changes, with several bullish analysts highlighting potential for execution on growth initiatives and improvement in profitability.
KSB
€914.00
KSB SE KGaA
7D
-4.0%
1Y
-0.7%
SKB
€8.94
Koenig & Bauer
7D
0.3%
1Y
-34.2%
TTR1
€28.25
technotrans
7D
1.8%
1Y
6.6%