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German (DAX) Machinery Industry Analysis

UpdatedDec 03, 2025
DataAggregated Company Financials
Companies50
  • 7D-0.8%
  • 3M-3.1%
  • 1Y11.0%
  • YTD12.0%

The Machinery is pretty flat in the last 7 days, but Knorr-Bremse has stood out, gaining 3.6%. The past year has been better, since the industry has gained 11% in that time. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Dec 2025€113.6b€161.7b€6.4b21.6x17.6x0.7x
Fri, 31 Oct 2025€112.6b€162.9b€6.7b20.8x16.9x0.7x
Sun, 28 Sep 2025€115.0b€164.4b€7.1b19.8x16.3x0.7x
Tue, 26 Aug 2025€122.5b€164.5b€7.1b19.1x17.2x0.7x
Thu, 24 Jul 2025€125.7b€165.2b€8.1b19.4x15.4x0.8x
Sat, 21 Jun 2025€113.6b€165.7b€8.1b20.4x14x0.7x
Mon, 19 May 2025€117.3b€165.6b€8.1b17.7x14.5x0.7x
Wed, 16 Apr 2025€105.7b€168.0b€8.8b17.9x12.1x0.6x
Fri, 14 Mar 2025€116.6b€169.0b€9.2b16.3x12.6x0.7x
Sun, 09 Feb 2025€110.7b€169.2b€9.0b16.3x12.4x0.7x
Tue, 07 Jan 2025€104.4b€169.1b€9.0b17.6x11.7x0.6x
Thu, 05 Dec 2024€104.8b€169.1b€9.0b15.4x11.7x0.6x
Sat, 02 Nov 2024€104.5b€170.2b€9.4b14.8x11.1x0.6x
Mon, 30 Sep 2024€105.6b€169.7b€9.4b16.5x11.2x0.6x
Wed, 28 Aug 2024€102.1b€169.7b€9.4b15.3x10.9x0.6x
Fri, 26 Jul 2024€102.5b€170.4b€9.7b15.8x10.6x0.6x
Sun, 23 Jun 2024€104.8b€170.4b€9.7b16.1x10.8x0.6x
Tue, 21 May 2024€111.0b€170.3b€9.7b16.7x11.5x0.7x
Thu, 18 Apr 2024€115.0b€169.6b€9.6b16.2x12x0.7x
Sat, 16 Mar 2024€115.1b€168.3b€9.6b14.6x12x0.7x
Mon, 12 Feb 2024€93.6b€167.0b€8.9b13x10.5x0.6x
Wed, 10 Jan 2024€95.3b€171.2b€8.9b13.9x10.7x0.6x
Fri, 08 Dec 2023€91.6b€171.1b€9.0b13.3x10.2x0.5x
Sun, 05 Nov 2023€87.4b€170.6b€9.0b12.2x9.7x0.5x
Tue, 03 Oct 2023€93.5b€169.4b€8.1b12.2x11.5x0.6x
Thu, 31 Aug 2023€94.9b€169.3b€8.1b12.1x11.7x0.6x
Sat, 29 Jul 2023€98.6b€165.9b€7.9b12.7x12.4x0.6x
Mon, 26 Jun 2023€93.8b€163.6b€7.6b14x12.4x0.6x
Wed, 24 May 2023€94.4b€160.8b€7.0b14.9x13.4x0.6x
Fri, 21 Apr 2023€97.2b€156.4b€6.8b17x14.4x0.6x
Sun, 19 Mar 2023€90.7b€155.2b€6.7b15.7x13.5x0.6x
Tue, 14 Feb 2023€94.4b€148.3b€5.6b17.8x16.8x0.6x
Thu, 12 Jan 2023€90.8b€148.2b€5.6b16.7x16.1x0.6x
Sat, 10 Dec 2022€88.4b€148.1b€5.6b16.1x15.7x0.6x
Price to Earnings Ratio

15.7x


Total Market Cap: €88.4bTotal Earnings: €5.6bTotal Revenue: €148.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 12.9x202320242025
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 17.6x which is higher than its 3-year average PE of 12.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 4.6% per year over the last three years.
  • Revenues for these companies have grown 3.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

DE Market1.44%
Industrials1.79%
Machinery-0.78%
Construction Machinery and Vehicles-0.75%
Industrial Machinery-0.83%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 15.5% 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 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 17% 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€89.653.6%
+€499.7m		22.6%PE33.2x
KGX KION GROUP€64.454.7%
+€380.3m		91.1%PE31.1x
WAC Wacker Neuson€24.2529.8%
+€378.8m		77.0%PE26.9x
DEZ DEUTZ€7.802.0%
+€22.9m		96.9%PE31.1x
4X0 Steyr Motors€32.5015.2%
+€22.4m		134.7%PE36.3x

Latest News

WAC
€24.25
Wacker Neuson
7D
29.8%
1Y
77.0%

Investors Appear Satisfied With Wacker Neuson SE's (ETR:WAC) Prospects As Shares Rocket 28%

Dec 03
Investors Appear Satisfied With Wacker Neuson SE's (ETR:WAC) Prospects As Shares Rocket 28%
8TRA
€28.58
Traton
7D
-3.1%
1Y
-3.1%

What Is Traton SE's (ETR:8TRA) Share Price Doing?

Nov 30
What Is Traton SE's (ETR:8TRA) Share Price Doing?
R3NK
€48.97
RENK Group
7D
-3.8%
1Y
139.3%

R3NK: Index Addition And Upcoming M&A Will Drive Renewed Upside

Analysts have revised RENK Group's price target downward from €69.80 to €66.71, citing slightly lower forecasts for revenue growth and profit margins. What's in the News RENK Group is actively seeking merger and acquisition opportunities, with a focus on advancing up the value chain and extending into the Navy domain.
KBX
€89.65
Knorr-Bremse
7D
3.6%
1Y
22.6%

KBX: Outlook Will Balance Margin Pressures With Execution And Market Stability

Knorr-Bremse's analyst fair value estimate has increased modestly to €89.67. Analysts cite slightly lower growth and profit expectations, which are partially offset by recent price target adjustments by major firms.
DTG
€35.35
Daimler Truck Holding
7D
-4.8%
1Y
-0.3%

Is It Time To Consider Buying Daimler Truck Holding AG (ETR:DTG)?

Nov 28
Is It Time To Consider Buying Daimler Truck Holding AG (ETR:DTG)?
VOS
€69.50
Vossloh
7D
1.2%
1Y
63.3%
G1A
€57.15
GEA Group
7D
-1.8%
1Y
19.2%

G1A: Outlook Will Remain Balanced Amid Index Move and CFO Transition

Analysts have slightly adjusted their price target for GEA Group downward, from €61.21 to €61.04. They cite modest changes in key underlying financial assumptions as the reason for this adjustment.
DEZ
€7.80
DEUTZ
7D
2.0%
1Y
96.9%

DEZ: Future Earnings Will Benefit From Rising Margins And Strategic Partnerships

Analysts have lowered their price target for DEUTZ from €10.95 to €10.36, citing adjusted expectations for revenue growth and higher future valuation multiples as reasons for the change. What's in the News DEUTZ has refined its full-year 2025 earnings guidance and now expects revenue at €2.1 billion, which is at the lower end of its previous forecast range.
KGX
€64.45
KION GROUP
7D
4.7%
1Y
91.1%

KGX: Future Upside Will Reflect Improving Sector Momentum and Industry Position

KION GROUP's analyst price target has increased slightly from €62.57 to €63.37. This change reflects analysts’ optimism following recent target raises and continued Buy ratings, which are driven by stable growth and improving industry sentiment.
4X0
€32.50
Steyr Motors
7D
15.2%
1Y
134.7%
HDD
€1.83
Heidelberger Druckmaschinen
7D
-2.2%
1Y
102.4%

Heidelberger Druckmaschinen's (ETR:HDD) Strong Earnings Are Of Good Quality

Nov 20
Heidelberger Druckmaschinen's (ETR:HDD) Strong Earnings Are Of Good Quality
DUE
€19.20
Dürr
7D
1.5%
1Y
-12.0%
RAA
€621.00
RATIONAL
7D
-1.7%
1Y
-29.4%
WSU
€45.80
WashTec
7D
3.4%
1Y
19.6%
KSB
€1,010.00
KSB SE KGaA
7D
-1.0%
1Y
56.6%
KRN
€128.60
Krones
7D
-0.8%
1Y
7.2%

The Krones AG (ETR:KRN) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Nov 11
The Krones AG (ETR:KRN) Third-Quarter Results Are Out And Analysts Have Published New Forecasts