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German (DAX) Machinery Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies51
  • 7D2.1%
  • 3M17.1%
  • 1Y15.4%
  • YTD10.8%

In the last week, the Machinery industry is up 2.1%, with Knorr-Bremse up 9.3%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026€133.7b€161.7b€6.4b21.4x21x0.8x
Wed, 21 Jan 2026€121.4b€161.7b€6.4b20.8x19.1x0.8x
Fri, 19 Dec 2025€118.6b€161.7b€6.4b21.1x18.5x0.7x
Sun, 16 Nov 2025€113.7b€161.6b€6.6b20x17.3x0.7x
Tue, 14 Oct 2025€113.4b€164.4b€7.1b21.3x16x0.7x
Thu, 11 Sep 2025€118.1b€164.4b€7.1b18.9x16.7x0.7x
Sat, 09 Aug 2025€123.9b€164.3b€7.1b18.4x17.5x0.8x
Mon, 07 Jul 2025€118.1b€165.2b€8.1b18.3x14.5x0.7x
Wed, 04 Jun 2025€118.5b€165.6b€8.1b18x14.6x0.7x
Fri, 02 May 2025€110.9b€166.4b€8.2b19.5x13.6x0.7x
Sun, 30 Mar 2025€114.0b€168.0b€8.8b17.4x13x0.7x
Tue, 25 Feb 2025€116.4b€169.4b€9.0b16.5x13x0.7x
Thu, 23 Jan 2025€105.4b€169.1b€9.0b16.6x11.8x0.6x
Sat, 21 Dec 2024€101.5b€169.1b€9.0b15.3x11.3x0.6x
Mon, 18 Nov 2024€103.3b€169.2b€9.0b14.8x11.5x0.6x
Wed, 16 Oct 2024€105.6b€169.7b€9.4b15.6x11.2x0.6x
Fri, 13 Sep 2024€97.1b€169.7b€9.4b14.7x10.3x0.6x
Sun, 11 Aug 2024€99.0b€169.8b€9.5b15.1x10.5x0.6x
Tue, 09 Jul 2024€105.0b€170.4b€9.7b15.9x10.8x0.6x
Thu, 06 Jun 2024€112.1b€170.3b€9.7b16.5x11.6x0.7x
Sat, 04 May 2024€111.3b€170.4b€9.8b16.8x11.4x0.7x
Mon, 01 Apr 2024€118.7b€169.7b€9.6b16.4x12.4x0.7x
Wed, 28 Feb 2024€100.8b€167.0b€8.9b12.6x11.3x0.6x
Fri, 26 Jan 2024€96.8b€171.2b€8.9b13.9x10.8x0.6x
Sun, 24 Dec 2023€97.0b€171.2b€8.9b13.9x10.8x0.6x
Tue, 21 Nov 2023€88.8b€171.0b€9.0b13x9.9x0.5x
Thu, 19 Oct 2023€88.9b€169.4b€8.1b12.4x10.9x0.5x
Sat, 16 Sep 2023€93.9b€169.4b€8.1b12x11.5x0.6x
Mon, 14 Aug 2023€97.4b€169.0b€8.1b12.6x12.1x0.6x
Wed, 12 Jul 2023€95.5b€163.6b€7.5b12.3x12.7x0.6x
Fri, 09 Jun 2023€94.6b€163.5b€7.5b14.5x12.6x0.6x
Sun, 07 May 2023€96.3b€159.7b€7.0b16.6x13.9x0.6x
Tue, 04 Apr 2023€94.0b€156.3b€6.7b17.1x14x0.6x
Thu, 02 Mar 2023€94.5b€148.3b€5.6b18.7x16.8x0.6x
Price to Earnings Ratio

16.8x


Total Market Cap: €94.5bTotal Earnings: €5.6bTotal Revenue: €148.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 13.2x202420252026
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 21.0x which is higher than its 3-year average PE of 13.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 4.2% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Market1.94%
Industrials3.34%
Machinery2.13%
Construction Machinery and Vehicles2.99%
Industrial Machinery0.12%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.6x.
    • Analysts are expecting annual earnings growth of 16.0%, 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 10.8x.
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 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
KBX Knorr-Bremse€115.409.3%
+€1.6b		40.4%PE42.8x
R3NK RENK Group€60.795.6%
+€325.0m		120.3%PE59.9x
8TRA Traton€37.041.6%
+€290.0m		7.4%PE10.4x
KGX KION GROUP€65.551.9%
+€157.3m		69.7%PE31.6x
G1A GEA Group€65.251.5%
+€154.7m		20.9%PE25.6x

Latest News

KBX
€115.40
Knorr-Bremse
7D
9.3%
1Y
40.4%
TTR1
€26.90
technotrans
7D
-17.0%
1Y
61.6%
KGX
€65.55
KION GROUP
7D
1.9%
1Y
69.7%

KGX: Higher Future P/E Assumptions Will Drive Upside Potential

Our analyst fair value estimate for KION GROUP has shifted from €67.00 to €79.00, reflecting updated assumptions on growth, margins, and a higher future P/E multiple in the context of recent Street target revisions from Citi and JPMorgan. Analyst Commentary Recent Street research around KION GROUP has been active, with price targets adjusted and ratings updated as analysts refresh their views on the company.
G1A
€65.25
GEA Group
7D
1.5%
1Y
20.9%

G1A: Higher 2025 EPS Guidance Will Support Stronger Long Term Margins

Analysts have nudged their price target on GEA Group up by €1 to €75, reflecting slightly higher assumptions for revenue growth, profit margins, and future P/E, along with a modest adjustment to the discount rate. What's in the News GEA Group issued earnings guidance for fiscal 2025, with reported EPS expected in a range of €2.60 to €2.70, compared with €2.30 in the previous year (company guidance).
KRN
€135.20
Krones
7D
-3.4%
1Y
8.0%
DEZ
€11.53
DEUTZ
7D
1.9%
1Y
123.7%

DEZ: Future Earnings Multiple Will Likely Remain Too Weak For €10 Fair Value

Analysts have modestly adjusted their price target for DEUTZ to €10.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, even though their view of fair value in euro terms remains unchanged.
DTG
€42.73
Daimler Truck Holding
7D
-0.9%
1Y
2.8%

DTG: Incremental Forecast Upgrades Will Still Leave Rich Multiple Exposed

Analysts have nudged their price targets for Daimler Truck higher, with recent increases such as Goldman Sachs moving to €37 and Morgan Stanley to €47. These changes support a small upward shift in our fair value estimate and slightly stronger assumptions for revenue growth, profit margins and future P/E.
NOEJ
€15.16
NORMA Group
7D
-6.1%
1Y
-0.5%
STM
€19.76
Stabilus
7D
-5.2%
1Y
-36.9%

STM: Future Margin Discipline And Buyback Plan Will Support Upside

Analysts have trimmed their 12 month price target on Stabilus by €7 to reflect updated views on discount rates, revenue growth and profit margins, while aligning with recent Street research. Analyst Commentary While the headline price target move is lower by €7, recent research suggests that some institutional views on Stabilus remain constructive, especially around execution and valuation support.
8TRA
€37.04
Traton
7D
1.6%
1Y
7.4%

Here's Why Traton (ETR:8TRA) Is Weighed Down By Its Debt Load

Feb 12
Here's Why Traton (ETR:8TRA) Is Weighed Down By Its Debt Load
WAC
€21.35
Wacker Neuson
7D
4.9%
1Y
23.7%

WAC: Fair Value Will Reflect Narrowed 2025 Guidance And Tariff Headwinds

Analysts have kept their price target for Wacker Neuson steady at €20.67, citing only small tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E as reasons to maintain their previous valuation view. What's in the News Wacker Neuson SE revised its earnings guidance for 2025, narrowing expected revenue to a range of €2,150m to €2,250m from a previous range of €2,100m to €2,300m (Key Developments).
RAA
€741.00
RATIONAL
7D
-1.1%
1Y
-14.9%

RAA: Medium Term Guidance And P/E Assumptions Will Shape Fair Outlook

Analysts have lifted their price target on RATIONAL by €6 to €780, pointing to slightly higher assumed profit margins and a modestly higher future P/E multiple, even as they fine tune discount rate and revenue growth inputs. Analyst Commentary Bullish Takeaways Bullish analysts highlight a medium term organic growth assumption of 8% a year, which they see as supportive of current and slightly higher valuation levels.
R3NK
€60.79
RENK Group
7D
5.6%
1Y
120.3%

R3NK: Future United States Navy M&A Expansion Will Drive Upside

Analysts have nudged their price target on RENK Group slightly higher to €68.46 from €67.92, citing updated assumptions around discount rates, profit margins, and a modestly different future P/E outlook. What's in the News Management is actively exploring M&A options that could move RENK Group further up the value chain, while continuing to work with existing network partners (Capital Markets Day 2025).
DUE
€24.75
Dürr
7D
5.5%
1Y
-0.6%

Dürr (ETR:DUE) Takes On Some Risk With Its Use Of Debt

Feb 06
Dürr (ETR:DUE) Takes On Some Risk With Its Use Of Debt
KSB
€1,090.00
KSB SE KGaA
7D
-1.8%
1Y
51.4%
CA1
€7.96
Circus
7D
-10.2%
1Y
-59.2%