Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) Machinery Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies49
  • 7D3.8%
  • 3M-5.9%
  • 1Y1.6%
  • YTD0.1%

In the last week, the Machinery industry is up 3.8%, with Daimler Truck Holding up 5.0%. Overall in the last year, the industry is flat. 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
Sun, 31 May 2026€120.6b€154.4b€5.0b20x23.9x0.8x
Tue, 28 Apr 2026€122.4b€157.6b€5.8b19.6x21.2x0.8x
Thu, 26 Mar 2026€118.8b€156.3b€6.0b19.3x19.8x0.8x
Sat, 21 Feb 2026€133.6b€161.7b€6.4b21.4x21x0.8x
Mon, 19 Jan 2026€125.6b€161.7b€6.4b21.6x19.8x0.8x
Wed, 17 Dec 2025€117.3b€161.7b€6.4b21x18.3x0.7x
Fri, 14 Nov 2025€115.1b€161.5b€6.5b19.6x17.6x0.7x
Sun, 12 Oct 2025€112.9b€164.4b€7.1b21.3x16x0.7x
Tue, 09 Sep 2025€119.6b€164.4b€7.1b19.4x16.9x0.7x
Thu, 07 Aug 2025€119.8b€164.4b€7.2b20.1x16.6x0.7x
Sat, 05 Jul 2025€118.2b€165.2b€8.1b18.3x14.5x0.7x
Mon, 02 Jun 2025€118.7b€165.6b€8.1b17.5x14.6x0.7x
Wed, 30 Apr 2025€109.8b€166.4b€8.3b18.7x13.2x0.7x
Fri, 28 Mar 2025€116.3b€168.4b€8.8b17.3x13.1x0.7x
Sun, 23 Feb 2025€115.4b€169.4b€9.0b16.2x12.9x0.7x
Tue, 21 Jan 2025€105.4b€169.1b€9.0b16.8x11.8x0.6x
Thu, 19 Dec 2024€103.3b€169.1b€9.0b15.1x11.5x0.6x
Sat, 16 Nov 2024€103.3b€169.3b€9.0b14.8x11.5x0.6x
Mon, 14 Oct 2024€105.3b€169.7b€9.4b15.7x11.2x0.6x
Wed, 11 Sep 2024€96.6b€169.7b€9.4b14.8x10.3x0.6x
Fri, 09 Aug 2024€99.2b€169.9b€9.5b14.6x10.5x0.6x
Sun, 07 Jul 2024€105.5b€170.4b€9.7b15.4x10.9x0.6x
Tue, 04 Jun 2024€110.6b€170.3b€9.7b16.5x11.4x0.6x
Thu, 02 May 2024€113.1b€170.4b€9.7b16.6x11.6x0.7x
Sat, 30 Mar 2024€118.7b€168.6b€9.6b15.6x12.4x0.7x
Mon, 26 Feb 2024€99.9b€167.0b€8.9b12.5x11.2x0.6x
Wed, 24 Jan 2024€95.6b€171.2b€8.9b13.7x10.7x0.6x
Fri, 22 Dec 2023€97.1b€171.2b€8.9b14.1x10.9x0.6x
Sun, 19 Nov 2023€88.6b€171.0b€9.0b13.3x9.9x0.5x
Tue, 17 Oct 2023€89.6b€169.4b€8.1b12.2x11x0.5x
Thu, 14 Sep 2023€93.4b€169.4b€8.1b11.9x11.5x0.6x
Sat, 12 Aug 2023€97.4b€169.0b€8.1b12.6x12.1x0.6x
Mon, 10 Jul 2023€94.6b€163.6b€7.5b12.7x12.6x0.6x
Wed, 07 Jun 2023€93.4b€163.5b€7.5b14.3x12.4x0.6x
Price to Earnings Ratio

12.4x


Total Market Cap: €93.4bTotal Earnings: €7.5bTotal Revenue: €163.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 13.8x202420252026
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 23.9x which is higher than its 3-year average PE of 13.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 12% 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 Market0.70%
Industrials-0.029%
Machinery3.76%
Construction Machinery and Vehicles4.83%
Industrial Machinery1.26%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.2x.
    • Analysts are expecting annual earnings growth of 16.3%, 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 11.5x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 16% 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€42.155.0%
+€1.5b		10.3%PE27.4x
R3NK RENK Group€56.8515.9%
+€782.0m		-27.5%PE49.4x
8TRA Traton€33.764.3%
+€700.0m		8.5%PE12.9x
KBX Knorr-Bremse€103.704.1%
+€652.9m		16.5%PE30.3x
G1A GEA Group€55.452.2%
+€195.4m		-5.9%PE21.6x

Latest News

CA1
€7.61
Circus
7D
-5.5%
1Y
-49.3%
NOEJ
€17.52
NORMA Group
7D
-1.2%
1Y
40.8%
Narrative Update • May 30

NOEJ: Weak Profitability Outlook Will Likely Pressure Shares Despite Buyback

Analysts have revised their fair value estimate for NORMA Group to €13.00 from €15.00, reflecting updated assumptions around revenue growth, profit margins and a higher future P/E multiple. What's in the News NORMA Group confirmed its earnings guidance for 2026 and continues to expect sales growth of approximately 0 to 2% for the financial year (Corporate guidance).
R3NK
€56.85
RENK Group
7D
15.9%
1Y
-27.5%
Narrative Update • May 28

R3NK: Rising Dividend And 2026 Scale Targets Will Support Returns

Analysts have adjusted RENK Group's fair value estimate slightly from €76.00 to €75.00, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E. What's in the News RENK Group confirmed earnings guidance for 2026, expecting revenue in excess of €1.5b for the year (company guidance).
KGX
€43.85
KION GROUP
7D
-0.8%
1Y
7.2%
Narrative Update • May 27

KGX: AI Warehouse Automation And Physical AI Partnerships Will Drive Future Repricing Potential

Analyst price targets for KION GROUP have been reaffirmed around €71, with slightly adjusted model inputs as analysts balance recent rating changes and mixed target moves across the Street. Analyst Commentary Recent Street research on KION GROUP has been mixed, but there is a clear pocket of optimism from bullish analysts who see value in the shares at current levels and are willing to raise or reiterate constructive views.
GIL
€47.00
DMG MORI
7D
-0.2%
1Y
3.1%
DEZ
€10.47
DEUTZ
7D
7.6%
1Y
41.6%
8TRA
€33.76
Traton
7D
4.3%
1Y
8.5%
Narrative Update • May 23

8TRA: Execution Risks And Rich P/E Multiple Will Likely Restrain Upside

Narrative update on Traton The updated analyst work on Traton points to a price target shift of about €0.31, as analysts factor in adjusted assumptions for revenue growth, profit margins and a higher future P/E multiple. This is consistent with recent target raises and new bullish coverage on the stock.
G1A
€55.45
GEA Group
7D
2.2%
1Y
-5.9%
Narrative Update • May 18

G1A: Higher Dividend Payout Will Support Stronger Long Term Margins

Analysts now set a refreshed fair value estimate for GEA Group at €78.0, up from €75.0. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Shareholders approved a dividend increase at the April 29, 2026 Annual General Meeting, lifting the payout from €1.15 to €1.30 per share, with payment scheduled for May 5, 2026 (Key Developments).
DUE
€20.85
Dürr
7D
-3.2%
1Y
-9.0%
DTG
€42.15
Daimler Truck Holding
7D
5.0%
1Y
10.3%
KBX
€103.70
Knorr-Bremse
7D
4.1%
1Y
16.5%
RAA
€659.00
RATIONAL
7D
1.1%
1Y
-8.9%
Narrative Update • May 13

RAA: Mixed Rating Shifts And Dividend Plans Will Shape Medium Term Upside

RATIONAL's updated analyst price target edges higher by about €3, as analysts factor in slightly adjusted assumptions for the discount rate, revenue growth, profit margins, and the latest mix of target changes and upgrades from major banks. Analyst Commentary Recent Street research on RATIONAL points to a mixed backdrop, with some bullish reassessments sitting alongside more cautious inputs to price targets and ratings.
KSB
€936.00
KSB SE KGaA
7D
6.1%
1Y
10.8%
SKB
€8.79
Koenig & Bauer
7D
-4.4%
1Y
-32.4%
WSU
€39.30
WashTec
7D
-1.5%
1Y
-2.7%
PFV
€166.40
Pfeiffer Vacuum Technology
7D
-0.4%
1Y
4.3%