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German (DAX) Machinery Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies51
  • 7D-0.9%
  • 3M9.6%
  • 1Y16.9%
  • YTD2.3%

In the last week, Machinery has been flat. The past year has been better, since the industry has gained 17% in that time. 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
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
Mon, 08 May 2023€96.3b€159.7b€7.0b16.6x13.9x0.6x
Wed, 05 Apr 2023€94.0b€156.3b€6.7b17.2x14x0.6x
Fri, 03 Mar 2023€94.0b€148.3b€5.6b18.8x16.7x0.6x
Sun, 29 Jan 2023€94.3b€148.2b€5.6b18.1x16.7x0.6x
Price to Earnings Ratio

16.7x


Total Market Cap: €94.3bTotal Earnings: €5.6bTotal Revenue: €148.2bTotal 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 19.4x 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 0.63x.
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 Market-2.76%
Industrials-0.71%
Machinery-0.87%
Construction Machinery and Vehicles-0.26%
Industrial Machinery-2.27%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.3x.
    • Analysts are expecting annual earnings growth of 17.0%, 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 10.7x.
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€41.850.5%
+€160.8m		5.4%PE14.4x
KGX KION GROUP€65.651.2%
+€104.9m		89.7%PE31.7x
RAA RATIONAL€668.000.9%
+€68.2m		-21.2%PE29.8x
8TRA Traton€31.420.4%
+€60.0m		10.4%PE8.8x
JST JOST Werke€62.803.3%
+€29.8m		41.1%PE29.6x

Latest News

DEZ
€11.08
DEUTZ
7D
1.7%
1Y
143.7%

DEZ: Future Profit Margins Will Offset Weaker Construction And Agriculture Demand

Analysts have lifted their price target for DEUTZ from €7.60 to €10.00, citing updated expectations for revenue growth, profit margins, and the future P/E multiple, which together support a higher fair value estimate. What's in the News DEUTZ Aktiengesellschaft refined its full year 2025 guidance and now expects revenue of €2.1b, which is at the lower end of the previous forecast range of €2.1b to €2.3b (Key Developments).
STM
€18.78
Stabilus
7D
-8.2%
1Y
-36.2%
HDD
€1.93
Heidelberger Druckmaschinen
7D
-2.9%
1Y
60.1%

HDD: European Defense Collaboration Will Support Longer Term Upside Potential

Analysts have made only minor adjustments to their price targets on Heidelberger Druckmaschinen, with updated fair value estimates remaining around €2.30 per share. The changes primarily reflect revised assumptions regarding the discount rate, profit margin and future P/E, rather than a significant shift in their overall view.
PFV
€164.80
Pfeiffer Vacuum Technology
7D
1.5%
1Y
5.6%
DTG
€41.85
Daimler Truck Holding
7D
0.5%
1Y
5.4%

DTG: Updated Earnings Outlook And Charging Partnerships Will Support Future Confidence

Analysts have nudged their fair value estimate for Daimler Truck Holding slightly higher to €42.35, citing recent price target increases to €47 and €37. These targets are supported by updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations.
R3NK
€57.74
RENK Group
7D
-5.3%
1Y
153.7%

Returns On Capital Are Showing Encouraging Signs At RENK Group (ETR:R3NK)

Jan 18
Returns On Capital Are Showing Encouraging Signs At RENK Group (ETR:R3NK)
KBX
€99.55
Knorr-Bremse
7D
-0.9%
1Y
38.6%

Investors Still Waiting For A Pull Back In Knorr-Bremse AG (ETR:KBX)

Jan 18
Investors Still Waiting For A Pull Back In Knorr-Bremse AG (ETR:KBX)
CA1
€9.62
Circus
7D
-11.3%
1Y
-60.2%
8TRA
€31.42
Traton
7D
0.4%
1Y
10.4%

Is Traton SE (ETR:8TRA) Trading At A 33% Discount?

Jan 15
Is Traton SE (ETR:8TRA) Trading At A 33% Discount?
KRN
€139.00
Krones
7D
-2.5%
1Y
8.3%

Here's Why We Think Krones (ETR:KRN) Is Well Worth Watching

Jan 14
Here's Why We Think Krones (ETR:KRN) Is Well Worth Watching
KGX
€65.65
KION GROUP
7D
1.2%
1Y
89.7%

Is There An Opportunity With KION GROUP AG's (ETR:KGX) 46% Undervaluation?

Jan 13
Is There An Opportunity With KION GROUP AG's (ETR:KGX) 46% Undervaluation?
VOS
€82.40
Vossloh
7D
-3.2%
1Y
76.3%
RAA
€668.00
RATIONAL
7D
0.9%
1Y
-21.2%

RAA: Upgraded Rating And 8% Outlook Will Support Higher Fair Value

Narrative Update on RATIONAL Analysts have lifted their fair value estimate for RATIONAL from €949.78 to €984.13, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E, alongside recent Street research that points to the company being well placed for around 8% annual organic growth in the medium term. Analyst Commentary Recent Street research has tilted more positive on RATIONAL, with bullish analysts highlighting both price target revisions and confidence in the company’s medium term growth profile.
JST
€62.80
JOST Werke
7D
3.3%
1Y
41.1%

JST: Future Earnings Outlook And Equity Raise Will Support Upside Potential

Analysts have kept their fair value estimate for JOST Werke steady at €82.00. They have applied a slightly higher discount rate, lower revenue growth assumptions of 12.58%, and higher profit margin expectations of 7.58%, along with a reduced future P/E of 9.72x, feeding into this latest price target update.
G1A
€60.75
GEA Group
7D
-1.4%
1Y
22.4%

G1A: Confirmed 2025 Guidance Will Support Stronger Long Term Profit Margins

Analysts have kept their price target for GEA Group steady at €74.00. Their stance is supported by updated assumptions that show slightly adjusted revenue growth, profit margin expectations and future P/E multiples.
AAG
€13.80
Aumann
7D
13.1%
1Y
33.7%