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German (DAX) Machinery Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies51
  • 7D4.8%
  • 3M8.3%
  • 1Y19.7%
  • YTD3.8%

Over the last 7 days, the Machinery industry has risen 4.8%, driven by gains from Daimler Truck Holding of 6.8%. In the last 12 months, the industry was up 20%. 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
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
Sun, 15 Jan 2023€91.1b€148.2b€5.6b17.4x16.1x0.6x
Price to Earnings Ratio

16.1x


Total Market Cap: €91.1bTotal Earnings: €5.6bTotal Revenue: €148.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 13x202420252026
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 19.7x which is higher than its 3-year average PE of 13.0x.
  • 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 4.0% 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 Market2.32%
Industrials7.67%
Machinery4.82%
Construction Machinery and Vehicles6.32%
Industrial Machinery1.46%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.2x.
    • 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 10.7x.
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 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
DTG Daimler Truck Holding€39.906.9%
+€2.0b		1.5%PE13.7x
8TRA Traton€32.245.7%
+€870.0m		11.6%PE9.1x
R3NK RENK Group€61.8615.4%
+€824.0m		197.5%PE61x
KBX Knorr-Bremse€99.604.7%
+€717.3m		40.4%PE36.9x
KGX KION GROUP€70.052.6%
+€236.0m		104.5%PE33.8x

Latest News

R3NK
€61.86
RENK Group
7D
15.4%
1Y
197.5%
DEZ
€9.54
DEUTZ
7D
12.2%
1Y
137.4%

DEZ: Defense Robotics Expansion Will Support Earnings Upside Despite Softer End Markets

Analysts have raised their price target for DEUTZ slightly to €10.48 from €10.44, citing updated assumptions on revenue growth, profit margins and future P/E levels. What's in the News DEUTZ refined its full year 2025 guidance, now expecting revenue of €2.1b, which is at the lower end of its prior forecast range of €2.1b to €2.3b.
HDD
€1.99
Heidelberger Druckmaschinen
7D
-2.2%
1Y
99.6%

HDD: European Autonomous Systems Partnership Will Support Longer Term Upside Potential

Analysts have lowered their fair value estimate for Heidelberger Druckmaschinen from €2.55 to €2.30, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News Ondas Holdings and Heidelberger Druckmaschinen AG signed a memorandum of understanding to enter negotiations on joint engineering, manufacturing, and deployment projects across Europe, focused on autonomous systems (Key Developments).
DTG
€39.90
Daimler Truck Holding
7D
6.9%
1Y
1.5%

DTG: Higher Discount Rate And Execution Risks Will Pressure Shares

Analysts have trimmed their fair value estimate for Daimler Truck Holding from €32.00 to €30.00, as updated assumptions for growth, margins, discount rate and future P/E filter through recent sector research that highlights how improved sales and margin potential can sometimes be slower to reflect fully in share prices. Analyst Commentary While the fair value adjustment to €30.00 reflects updated modelling on growth, margins and discount rates, some bearish analysts remain cautious about how quickly any improvement in sales or profitability might show up in the share price.
8TRA
€32.24
Traton
7D
5.7%
1Y
11.6%

Traton SE (ETR:8TRA) Screens Well But There Might Be A Catch

Dec 30
Traton SE (ETR:8TRA) Screens Well But There Might Be A Catch
KBX
€99.60
Knorr-Bremse
7D
4.7%
1Y
40.4%

KBX: Margin Discipline And Confirmed 2025 Guidance Will Support Upside Potential

We raise our Knorr-Bremse fair value estimate to EUR 108 from EUR 104. This reflects analysts' slightly lower but still constructive price targets, as well as expectations for modestly softer revenue growth offset by a firmer profit margin and a lower future valuation multiple.
G1A
€58.50
GEA Group
7D
1.2%
1Y
20.7%

GEA Group (ETR:G1A) Shareholders Will Want The ROCE Trajectory To Continue

Dec 26
GEA Group (ETR:G1A) Shareholders Will Want The ROCE Trajectory To Continue
KGX
€70.05
KION GROUP
7D
2.6%
1Y
104.5%

KGX: Rising Execution Risks Will Likely Cap Future Share Price Upside

Analysts have raised their price target on KION GROUP to approximately EUR 49.41 from about EUR 43.59, citing higher expectations for revenue growth, slightly stronger margins, and recent target increases from other firms. Analyst Commentary Recent Street research on KION GROUP reflects a constructive but increasingly selective stance among market watchers, with rising price targets tempered by growing scrutiny of execution and valuation risks.
KRN
€140.60
Krones
7D
3.5%
1Y
15.4%

KRN: Sustained Order Momentum Will Drive Further Upside Potential

Analysts have slightly raised their price target on Krones to EUR 157 from EUR 152, citing expectations that the pick up in orders seen in Q3 will continue into Q4 and support sustained positive momentum. Analyst Commentary Bullish analysts interpret the higher price target as a sign that the market is underestimating Krones growth prospects, particularly given the visible acceleration in order intake from Q3 into Q4.
HP3A
€2.74
Ringmetall
7D
-0.7%
1Y
-20.8%
CA1
€11.95
Circus
7D
-0.4%
1Y
-51.0%
MZX
€13.70
Masterflex
7D
-3.5%
1Y
43.9%
SF3
€3.06
STS Group
7D
-5.0%
1Y
-20.3%
SLT
€68.00
Schaltbau Holding
7D
-0.7%
1Y
14.3%
MUB
€38.60
Mühlbauer Holding
7D
-1.0%
1Y
-2.5%
B1GR
€0.30
BigRep
7D
-60.0%
1Y
-82.9%