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

German (DAX) Machinery Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies51
  • 7D-0.03%
  • 3M2.9%
  • 1Y17.2%
  • YTD17.2%

Over the last 7 days, the Machinery industry has remained flat. As for the the longer term, the industry is up 17% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025€118.8b€161.7b€6.4b21.7x18.5x0.7x
Thu, 27 Nov 2025€114.8b€161.7b€6.4b20.8x17.8x0.7x
Sat, 25 Oct 2025€113.7b€164.4b€7.1b20.9x16.1x0.7x
Mon, 22 Sep 2025€117.4b€164.4b€7.1b19.4x16.6x0.7x
Wed, 20 Aug 2025€123.0b€164.5b€7.1b19.3x17.3x0.7x
Fri, 18 Jul 2025€120.0b€165.2b€8.1b19.5x14.7x0.7x
Sun, 15 Jun 2025€115.9b€165.7b€8.1b20.7x14.3x0.7x
Tue, 13 May 2025€117.8b€166.3b€8.1b18.8x14.5x0.7x
Thu, 10 Apr 2025€97.8b€168.0b€8.8b16.6x11.2x0.6x
Sat, 08 Mar 2025€124.1b€169.3b€9.0b16.7x13.8x0.7x
Mon, 03 Feb 2025€111.5b€169.2b€9.0b16.7x12.4x0.7x
Wed, 01 Jan 2025€102.0b€169.1b€9.0b17.2x11.4x0.6x
Fri, 29 Nov 2024€101.7b€169.1b€9.0b14.9x11.3x0.6x
Sun, 27 Oct 2024€108.6b€169.7b€9.4b15.7x11.6x0.6x
Tue, 24 Sep 2024€101.3b€169.7b€9.4b15.5x10.8x0.6x
Thu, 22 Aug 2024€102.2b€169.7b€9.4b15.2x10.9x0.6x
Sat, 20 Jul 2024€107.3b€170.4b€9.7b15.9x11.1x0.6x
Mon, 17 Jun 2024€104.8b€170.3b€9.7b16.1x10.8x0.6x
Wed, 15 May 2024€113.3b€170.3b€9.7b16.7x11.7x0.7x
Fri, 12 Apr 2024€117.7b€169.7b€9.6b16.5x12.3x0.7x
Sun, 10 Mar 2024€110.4b€168.3b€9.6b13.9x11.5x0.7x
Tue, 06 Feb 2024€93.1b€167.0b€8.9b12.7x10.4x0.6x
Thu, 04 Jan 2024€94.5b€171.2b€8.9b13.9x10.6x0.6x
Sat, 02 Dec 2023€90.1b€171.1b€9.0b12.9x10.1x0.5x
Mon, 30 Oct 2023€85.3b€170.3b€9.0b11.6x9.4x0.5x
Wed, 27 Sep 2023€92.3b€169.4b€8.1b12.2x11.4x0.5x
Fri, 25 Aug 2023€93.6b€169.3b€8.1b12.3x11.5x0.6x
Sun, 23 Jul 2023€96.7b€163.6b€7.5b12.8x12.8x0.6x
Tue, 20 Jun 2023€96.4b€163.6b€7.6b14.5x12.7x0.6x
Thu, 18 May 2023€93.8b€160.6b€7.0b15.4x13.4x0.6x
Sat, 15 Apr 2023€94.9b€156.4b€6.8b17x14x0.6x
Mon, 13 Mar 2023€95.0b€151.6b€6.3b18x15.1x0.6x
Wed, 08 Feb 2023€95.2b€148.2b€5.6b18.3x16.9x0.6x
Fri, 06 Jan 2023€88.5b€148.2b€5.6b16.6x15.7x0.6x
Price to Earnings Ratio

15.7x


Total Market Cap: €88.5bTotal Earnings: €5.6bTotal Revenue: €148.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 13x20242025
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 18.5x 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 4.3% 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 Market0.32%
Industrials0.073%
Machinery-0.032%
Construction Machinery and Vehicles-0.015%
Industrial Machinery-0.07%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.1x.
    • 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
8TRA Traton€30.481.5%
+€230.0m		9.1%PE8.6x
KGX KION GROUP€67.901.0%
+€91.8m		113.1%PE32.8x
KRN Krones€135.200.7%
+€31.6m		12.7%PE14.7x
RAA RATIONAL€660.000.2%
+€17.1m		-19.9%PE29.4x
KBX Knorr-Bremse€94.950.1%
+€16.1m		35.0%PE35.2x

Latest News

R3NK
€52.40
RENK Group
7D
-1.7%
1Y
185.8%

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

Analysts have modestly raised their price target on RENK Group, citing slightly lower discount rate assumptions and a marginally cheaper future earnings multiple that together support a new fair value estimate of €67.92 per share. What's in the News RENK Group is actively seeking M&A opportunities to move up the value chain, with a particular focus on technology-driven targets that complement its existing network partner strategy (Capital Markets Day 2025).
8TRA
€30.48
Traton
7D
1.5%
1Y
9.1%

8TRA: Cost Discipline And Margin Execution Will Shape A Cautious 2025 Outlook

The analyst price target for Traton has been trimmed slightly, slipping by about EUR 0.01 to reflect analysts' more cautious stance following a series of modest target cuts and rating downgrades across the Street. Analyst Commentary Street sentiment around Traton has become more balanced as recent target cuts cluster in a relatively tight range.
KBX
€94.95
Knorr-Bremse
7D
0.1%
1Y
35.0%

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.
RAA
€660.00
RATIONAL
7D
0.2%
1Y
-19.9%

RAA: Future U.S. Market Share Gains Will Likely Disappoint High Expectations

Analysts raised their price target on RATIONAL, increasing it by EUR 11 to EUR 816, citing the stock's return to a 10 year low valuation and expectations for continued market share gains in the U.S. Analyst Commentary While the latest upgrade reflects confidence in RATIONAL's long term growth prospects and U.S. market share opportunities, not all market participants are uniformly positive. Some investors remain focused on the risk that the stock's re rating could outpace the company's ability to deliver sustained earnings growth, particularly if macro conditions soften or investment cycles in the foodservice sector slow.
G1A
€57.30
GEA Group
7D
-0.2%
1Y
19.8%

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
WAC
€24.45
Wacker Neuson
7D
0.6%
1Y
67.0%

WAC: Narrowed 2025 Guidance And Tariff Pressures Will Shape Balanced Future Prospects

Analysts have nudged their price target on Wacker Neuson slightly higher to €24.50, reflecting incremental improvements to the discount rate and long term valuation assumptions while leaving core growth and margin expectations broadly unchanged. What's in the News The Executive Board has narrowed 2025 revenue guidance to a range of EUR 2,150 million to EUR 2,250 million, tightening the previous outlook of EUR 2,100 million to EUR 2,300 million (company guidance).
STM
€20.35
Stabilus
7D
2.5%
1Y
-32.7%
DEZ
€8.43
DEUTZ
7D
-1.6%
1Y
108.8%

DEZ: Defense Robotics Partnership Will Drive Future Earnings Upside Despite Softer End Markets

Analysts have slightly raised their price target on DEUTZ, reflecting an updated fair value estimate of €10.44 from €10.36, as modestly stronger margin expectations and a marginally lower discount rate more than offset a tempering of long term growth and valuation multiples. What's in the News Refined 2025 guidance now calls for revenue of around €2.1 billion, at the lower end of the previous €2.1 billion to €2.3 billion range, as key end markets such as Construction Equipment and Agricultural Machinery remain weak (company guidance).
KGX
€67.90
KION GROUP
7D
1.0%
1Y
113.1%

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.
KSB
€955.00
KSB SE KGaA
7D
-2.6%
1Y
46.9%

Little Excitement Around KSB SE & Co. KGaA's (ETR:KSB) Earnings

Dec 19
Little Excitement Around KSB SE & Co. KGaA's (ETR:KSB) Earnings
KRN
€135.20
Krones
7D
0.7%
1Y
12.7%

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.
DTG
€37.08
Daimler Truck Holding
7D
-0.9%
1Y
0.6%

DTG: Improving Earnings Quality Will Support Future Confidence Despite Softer Margin Outlook

Analysts have slightly reduced their price target for Daimler Truck Holding to €41.87 from €42.06, citing modestly lower long term growth and margin expectations, while still seeing room for valuation support from improving earnings quality. Analyst Commentary Analysts describe the latest price target adjustment as a fine tuning rather than a fundamental reassessment.
HG1
€27.20
HOMAG Group
7D
-2.2%
1Y
-28.0%
CA1
€12.40
Circus
7D
-2.7%
1Y
-50.8%
WSU
€47.80
WashTec
7D
1.7%
1Y
17.7%
DUE
€22.25
Dürr
7D
-0.7%
1Y
3.8%

Estimating The Fair Value Of Dürr Aktiengesellschaft (ETR:DUE)

Dec 06
Estimating The Fair Value Of Dürr Aktiengesellschaft (ETR:DUE)