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German (DAX) Machinery Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies51
  • 7D5.3%
  • 3M15.3%
  • 1Y18.2%
  • YTD9.1%

In the last week, the Machinery industry is up 5.3%, with Daimler Truck Holding leading the way, up 4.6%. During this same period, the Heidelberger Druckmaschinen underperformed, falling 17%. This means that the industry has gained 18% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026€131.6b€161.7b€6.4b22x20.7x0.8x
Thu, 08 Jan 2026€125.1b€161.7b€6.4b22x19.7x0.8x
Sat, 06 Dec 2025€117.0b€161.7b€6.4b21.7x18.2x0.7x
Mon, 03 Nov 2025€113.2b€162.9b€6.7b20.5x16.9x0.7x
Wed, 01 Oct 2025€115.4b€164.4b€7.1b20.9x16.3x0.7x
Fri, 29 Aug 2025€121.2b€164.5b€7.1b18.9x17.1x0.7x
Sun, 27 Jul 2025€124.7b€165.4b€7.8b19.8x16.1x0.8x
Tue, 24 Jun 2025€113.3b€165.7b€8.1b20.1x13.9x0.7x
Thu, 22 May 2025€118.8b€165.6b€8.1b17.1x14.6x0.7x
Sat, 19 Apr 2025€104.5b€168.0b€8.8b17.3x11.9x0.6x
Mon, 17 Mar 2025€120.3b€168.4b€8.8b16.6x13.7x0.7x
Wed, 12 Feb 2025€112.8b€169.2b€9.0b16.8x12.6x0.7x
Fri, 10 Jan 2025€105.5b€169.1b€9.0b17.4x11.8x0.6x
Sun, 08 Dec 2024€105.5b€169.1b€9.0b15.4x11.8x0.6x
Tue, 05 Nov 2024€104.0b€170.1b€9.4b14.9x11x0.6x
Thu, 03 Oct 2024€102.7b€169.7b€9.4b16.1x10.9x0.6x
Sat, 31 Aug 2024€104.1b€169.7b€9.4b15.5x11.1x0.6x
Mon, 29 Jul 2024€103.3b€170.3b€9.6b15.9x10.7x0.6x
Wed, 26 Jun 2024€105.4b€170.4b€9.7b15.9x10.9x0.6x
Fri, 24 May 2024€111.0b€170.3b€9.7b17.4x11.5x0.7x
Sun, 21 Apr 2024€114.1b€169.7b€9.6b16.5x11.9x0.7x
Tue, 19 Mar 2024€115.5b€168.3b€9.6b14.5x12.1x0.7x
Thu, 15 Feb 2024€94.1b€167.0b€8.9b12.6x10.5x0.6x
Sat, 13 Jan 2024€95.9b€171.2b€8.9b14x10.7x0.6x
Mon, 11 Dec 2023€92.3b€171.2b€8.9b13.3x10.3x0.5x
Wed, 08 Nov 2023€85.7b€170.4b€9.0b12.2x9.5x0.5x
Fri, 06 Oct 2023€91.1b€169.4b€8.1b11.9x11.2x0.5x
Sun, 03 Sep 2023€95.3b€169.4b€8.1b12.2x11.7x0.6x
Tue, 01 Aug 2023€98.8b€165.9b€7.9b12.7x12.5x0.6x
Thu, 29 Jun 2023€95.4b€163.6b€7.6b13.9x12.6x0.6x
Sat, 27 May 2023€92.6b€160.9b€7.0b14.5x13.1x0.6x
Mon, 24 Apr 2023€95.9b€156.4b€6.7b16.9x14.2x0.6x
Wed, 22 Mar 2023€93.6b€155.2b€6.7b16.3x13.9x0.6x
Fri, 17 Feb 2023€94.8b€148.3b€5.6b18.6x16.9x0.6x
Price to Earnings Ratio

16.9x


Total Market Cap: €94.8bTotal Earnings: €5.6bTotal Revenue: €148.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 13.1x202420252026
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 20.7x which is higher than its 3-year average PE of 13.1x.
  • 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 Market0.86%
Industrials2.09%
Machinery5.29%
Construction Machinery and Vehicles5.79%
Industrial Machinery4.13%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 16.3%, 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 22% 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
DTG Daimler Truck Holding€43.304.6%
+€1.5b		5.1%PE14.9x
8TRA Traton€35.988.3%
+€1.4b		14.6%PE10.1x
RAA RATIONAL€770.5013.7%
+€1.1b		-10.9%PE34.4x
KBX Knorr-Bremse€106.406.3%
+€1.0b		34.8%PE39.4x
R3NK RENK Group€57.489.8%
+€513.0m		156.1%PE56.7x

Latest News

KBX
€106.40
Knorr-Bremse
7D
6.3%
1Y
34.8%

KBX: Higher Assumed P/E Will Drive Downside Risk From Execution Missteps

Analysts now see fair value for Knorr-Bremse at €86.00, up from €82.31, reflecting updated assumptions on revenue growth, profit margins and a higher future P/E, even as some recent research, such as DZ Bank's downgrade, has turned more cautious on the shares. Analyst Commentary Recent research carries a more cautious tone around Knorr-Bremse, with bearish analysts questioning how much upside is left at the current fair value level of €86.00.
HDD
€1.54
Heidelberger Druckmaschinen
7D
-18.2%
1Y
30.2%
DTG
€43.30
Daimler Truck Holding
7D
4.6%
1Y
5.1%

An Intrinsic Calculation For Daimler Truck Holding AG (ETR:DTG) Suggests It's 28% Undervalued

Feb 08
An Intrinsic Calculation For Daimler Truck Holding AG (ETR:DTG) Suggests It's 28% Undervalued
RAA
€770.50
RATIONAL
7D
13.7%
1Y
-10.9%

Is RATIONAL Aktiengesellschaft (ETR:RAA) Potentially Undervalued?

Feb 08
Is RATIONAL Aktiengesellschaft (ETR:RAA) Potentially Undervalued?
RSL2
€14.40
R. STAHL
7D
-1.4%
1Y
-10.6%
KSB
€1,130.00
KSB SE KGaA
7D
9.7%
1Y
66.2%
KGX
€62.50
KION GROUP
7D
4.6%
1Y
65.7%

KGX: Fair Outlook Will Balance Execution Risks With AI Automation Opportunities

Narrative Update: KION GROUP Analyst Price Target Shift The updated analyst price target for KION GROUP reflects a modest fair value adjustment from €66.22 to about €65.15. Analysts are factoring in slightly softer revenue growth expectations, along with marginally higher profit margin and discount rate assumptions, following recent target cuts and rating changes from the Street.
G1A
€63.45
GEA Group
7D
2.9%
1Y
20.4%

G1A: Earnings Guidance And Margin Assumptions Will Likely Keep Shares Overstretched

Analysts have kept their price target for GEA Group steady at €54.00, pointing to only minor model adjustments around the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in their overall view of the shares. What's in the News GEA Group issued earnings guidance for fiscal 2025, with reported Earnings per Share expected in a range of €2.60 to €2.70, compared with €2.30 in the previous year (Key Developments).
SKB
€9.51
Koenig & Bauer
7D
-0.9%
1Y
-42.4%

Order Backlog And Cost Savings Will Drive A Stronger Future Earnings Profile

Catalysts About Koenig & Bauer Koenig & Bauer supplies printing presses, software and related solutions for packaging, banknote and other specialty print applications. What are the underlying business or industry changes driving this perspective?
R3NK
€57.48
RENK Group
7D
9.8%
1Y
156.1%

Here's Why We Think RENK Group (ETR:R3NK) Might Deserve Your Attention Today

Feb 02
Here's Why We Think RENK Group (ETR:R3NK) Might Deserve Your Attention Today
8TRA
€35.98
Traton
7D
8.3%
1Y
14.6%
MXHN
€4.12
MAX Automation
7D
-5.3%
1Y
-32.9%
GIL
€47.80
DMG MORI
7D
-0.2%
1Y
4.4%

Return Trends At DMG MORI (ETR:GIL) Aren't Appealing

Jan 14
Return Trends At DMG MORI (ETR:GIL) Aren't Appealing
HP3A
€2.82
Ringmetall
7D
-1.4%
1Y
-14.5%
MZX
€13.75
Masterflex
7D
-0.7%
1Y
35.5%
MSAG
€1.29
MS Industrie
7D
-1.5%
1Y
-7.9%