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German (DAX) Machinery Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies49
  • 7D0.05%
  • 3M-4.9%
  • 1Y0.3%
  • YTD-1.3%

In the last week, the Machinery industry is flat overall, with KION GROUP standing out by going down 4.5%. In line with that, the industry has also been flat over the past 12 months. 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
Wed, 03 Jun 2026€118.7b€154.4b€5.0b19.5x23.5x0.8x
Fri, 01 May 2026€122.1b€157.2b€5.5b20.1x22.1x0.8x
Sun, 29 Mar 2026€117.3b€157.9b€5.9b19.2x20x0.7x
Tue, 24 Feb 2026€131.8b€161.7b€6.4b21.4x20.7x0.8x
Thu, 22 Jan 2026€123.4b€161.7b€6.4b21.1x19.4x0.8x
Sat, 20 Dec 2025€118.7b€161.7b€6.4b21.1x18.5x0.7x
Mon, 17 Nov 2025€113.7b€161.6b€6.6b20x17.3x0.7x
Wed, 15 Oct 2025€111.3b€164.4b€7.1b21.3x15.7x0.7x
Fri, 12 Sep 2025€118.9b€164.4b€7.1b19.3x16.8x0.7x
Sun, 10 Aug 2025€123.9b€164.2b€7.1b18.4x17.5x0.8x
Tue, 08 Jul 2025€119.7b€165.2b€8.1b19.3x14.7x0.7x
Thu, 05 Jun 2025€119.0b€165.7b€8.1b17.7x14.7x0.7x
Sat, 03 May 2025€112.4b€166.4b€8.1b19.7x13.8x0.7x
Mon, 31 Mar 2025€114.0b€168.0b€8.8b16.9x13x0.7x
Wed, 26 Feb 2025€117.5b€169.4b€9.0b16.5x13.1x0.7x
Fri, 24 Jan 2025€106.5b€169.1b€9.0b16.9x11.9x0.6x
Sun, 22 Dec 2024€101.5b€169.1b€9.0b15.3x11.3x0.6x
Tue, 19 Nov 2024€102.8b€169.2b€9.0b14.6x11.5x0.6x
Thu, 17 Oct 2024€105.3b€169.7b€9.4b15.4x11.2x0.6x
Sat, 14 Sep 2024€98.6b€169.7b€9.4b14.9x10.5x0.6x
Mon, 12 Aug 2024€99.0b€169.8b€9.5b15.1x10.5x0.6x
Wed, 10 Jul 2024€103.8b€170.4b€9.7b15.9x10.7x0.6x
Fri, 07 Jun 2024€111.3b€170.3b€9.7b16.5x11.5x0.7x
Sun, 05 May 2024€111.3b€170.4b€9.8b16.8x11.4x0.7x
Tue, 02 Apr 2024€118.7b€169.7b€9.6b16.4x12.4x0.7x
Thu, 29 Feb 2024€101.2b€167.0b€8.9b12.7x11.3x0.6x
Sat, 27 Jan 2024€97.4b€171.2b€8.9b14.1x10.9x0.6x
Mon, 25 Dec 2023€97.0b€171.2b€8.9b13.9x10.8x0.6x
Wed, 22 Nov 2023€88.0b€171.0b€9.0b13.1x9.8x0.5x
Fri, 20 Oct 2023€88.1b€169.4b€8.1b12.4x10.8x0.5x
Sun, 17 Sep 2023€94.1b€169.4b€8.1b12.1x11.6x0.6x
Tue, 15 Aug 2023€97.2b€169.2b€8.1b12.5x12x0.6x
Thu, 13 Jul 2023€97.1b€163.6b€7.5b12.3x12.9x0.6x
Sat, 10 Jun 2023€94.1b€163.5b€7.5b14.4x12.5x0.6x
Price to Earnings Ratio

12.5x


Total Market Cap: €94.1bTotal 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 23.5x 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 Market-0.26%
Industrials-2.42%
Machinery0.055%
Construction Machinery and Vehicles0.24%
Industrial Machinery-0.38%
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 16.6%, 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 11.6x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 27% 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 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
8TRA Traton€34.582.6%
+€430.0m		14.4%PE13.2x
DTG Daimler Truck Holding€42.101.0%
+€320.6m		13.0%PE27.4x
STM Stabilus€19.7412.0%
+€52.0m		-21.0%PE31.9x
WAC Wacker Neuson€19.083.2%
+€40.8m		-13.5%PE12.8x
KSB KSB SE KGaA€898.001.6%
+€24.5m		8.2%PE11.2x

Latest News

CA1
€7.11
Circus
7D
-10.0%
1Y
-49.2%
G1A
€54.15
GEA Group
7D
-0.8%
1Y
-8.8%
Narrative Update • Jun 02

G1A: Rising Dividend Stream Will Support Stronger Long Term Margins

Analysts have kept their GEA Group price target steady at €78.00. They point to only very small tweaks in discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in the core outlook.
KBX
€101.00
Knorr-Bremse
7D
-0.3%
1Y
13.4%
Narrative Update • Jun 01

KBX: Strong 2026 Cycle Execution And Q1 Performance Should Support Upside

Knorr-Bremse's analyst fair value estimate has been lifted from €125 to €129, as analysts point to recent price target increases from several banks and describe the stock as inexpensive for a high-quality capital goods company. Analyst Commentary Recent Street research has tilted more positive on Knorr-Bremse, with several bullish analysts lifting fair value estimates and price targets.
KGX
€42.61
KION GROUP
7D
-4.5%
1Y
1.1%
DTG
€42.10
Daimler Truck Holding
7D
1.0%
1Y
13.0%
Narrative Update • Jun 01

DTG: Execution, Technology And Capital Returns Will Shape Future Confidence

Daimler Truck Holding's analyst price target has been nudged higher by about €1.50 to roughly €46.30. Analysts point to updated assumptions for revenue growth, profit margins and a lower future P/E multiple to support the change.
R3NK
€50.01
RENK Group
7D
-3.1%
1Y
-41.2%
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).
WAC
€19.08
Wacker Neuson
7D
3.2%
1Y
-13.5%
Narrative Update • May 26

WAC: 2026 Guidance And Dividend Will Support Undervalued Share Potential

Analysts have kept their price target for Wacker Neuson steady at €22.67, citing only modest tweaks to the discount rate, revenue growth, profit margin and future P/E expectations rather than a material shift in the core outlook. What's in the News The Annual General Meeting on May 13, 2026 approved an amendment to the Articles of Incorporation that allows Wacker Neuson SE to issue electronic shares (company filing).
GIL
€47.00
DMG MORI
7D
0.4%
1Y
2.4%
DEZ
€10.16
DEUTZ
7D
1.2%
1Y
36.7%
8TRA
€34.58
Traton
7D
2.6%
1Y
14.4%
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.
DUE
€21.25
Dürr
7D
1.7%
1Y
-5.6%
STM
€19.74
Stabilus
7D
12.0%
1Y
-21.0%
Narrative Update • May 15

STM: Industrial Pipeline And 2026 Guidance Will Support Future Upside

Analysts have trimmed their price target for Stabilus by €2.16 to €28.27, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, in line with recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the revised €28.27 target as still leaving room for upside if Stabilus can deliver on its revenue and margin assumptions embedded in the updated models.
VOS
€65.25
Vossloh
7D
-5.4%
1Y
-17.5%
RAA
€646.00
RATIONAL
7D
-1.7%
1Y
-10.3%
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
€898.00
KSB SE KGaA
7D
1.6%
1Y
8.2%
KRN
€116.40
Krones
7D
-2.5%
1Y
-17.1%