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German (DAX) Machinery Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies49
  • 7D4.0%
  • 3M2.5%
  • 1Y4.2%
  • YTD-0.9%

Over the last 7 days, the Machinery industry has risen 4.0%, driven by gains from Knorr-Bremse of 7.6%. During this same period, the RENK Group underperformed, falling 6.8%. This means that the industry has gained 4.2% over the past year. 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
Thu, 18 Jun 2026€119.6b€154.3b€5.1b20.2x23.7x0.8x
Sat, 16 May 2026€116.0b€154.4b€5.0b19.4x23x0.8x
Mon, 13 Apr 2026€126.7b€157.5b€5.8b20.1x21.9x0.8x
Wed, 11 Mar 2026€122.7b€161.2b€6.4b20.4x19.3x0.8x
Fri, 06 Feb 2026€130.9b€161.6b€6.3b21.6x20.6x0.8x
Sun, 04 Jan 2026€120.6b€161.7b€6.4b21.8x19x0.7x
Tue, 02 Dec 2025€114.2b€161.7b€6.4b20.9x17.7x0.7x
Thu, 30 Oct 2025€112.6b€164.4b€7.1b20.9x15.9x0.7x
Sat, 27 Sep 2025€115.1b€164.4b€7.1b19.8x16.3x0.7x
Mon, 25 Aug 2025€123.5b€164.5b€7.1b19.1x17.4x0.8x
Wed, 23 Jul 2025€120.7b€165.2b€8.1b19.6x14.8x0.7x
Fri, 20 Jun 2025€113.0b€165.7b€8.1b20.1x13.9x0.7x
Sun, 18 May 2025€117.3b€165.6b€8.1b17.7x14.5x0.7x
Tue, 15 Apr 2025€103.6b€168.0b€8.8b16.7x11.8x0.6x
Thu, 13 Mar 2025€118.7b€169.0b€9.2b16.4x12.9x0.7x
Sat, 08 Feb 2025€110.7b€169.2b€9.0b16.3x12.4x0.7x
Mon, 06 Jan 2025€101.2b€169.1b€9.0b16.9x11.3x0.6x
Wed, 04 Dec 2024€102.8b€169.1b€9.0b15.2x11.5x0.6x
Fri, 01 Nov 2024€106.5b€170.2b€9.4b15.4x11.3x0.6x
Sun, 29 Sep 2024€105.6b€169.7b€9.4b16.5x11.2x0.6x
Tue, 27 Aug 2024€102.9b€169.7b€9.4b15.4x10.9x0.6x
Thu, 25 Jul 2024€103.2b€170.4b€9.7b15.8x10.6x0.6x
Sat, 22 Jun 2024€104.8b€170.3b€9.7b16.1x10.8x0.6x
Mon, 20 May 2024€110.9b€170.3b€9.7b16.7x11.4x0.7x
Wed, 17 Apr 2024€117.7b€169.6b€9.6b16.6x12.3x0.7x
Fri, 15 Mar 2024€113.9b€168.3b€9.6b13.9x11.9x0.7x
Sun, 11 Feb 2024€93.6b€167.0b€8.9b13x10.5x0.6x
Tue, 09 Jan 2024€95.3b€171.2b€8.9b13.9x10.6x0.6x
Thu, 07 Dec 2023€92.0b€171.1b€9.0b13.5x10.3x0.5x
Sat, 04 Nov 2023€87.4b€170.4b€9.0b12x9.7x0.5x
Mon, 02 Oct 2023€93.5b€169.4b€8.1b12.3x11.5x0.6x
Wed, 30 Aug 2023€94.9b€169.3b€8.1b12.2x11.7x0.6x
Fri, 28 Jul 2023€97.1b€163.6b€7.5b12.3x12.9x0.6x
Sun, 25 Jun 2023€93.8b€163.6b€7.6b14x12.4x0.6x
Price to Earnings Ratio

12.4x


Total Market Cap: €93.8bTotal Earnings: €7.6bTotal Revenue: €163.6bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 14x202420252026
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 23.7x which is higher than its 3-year average PE of 14.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 13% 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 Market2.42%
Industrials6.30%
Machinery3.98%
Industrial Machinery4.09%
Construction Machinery and Vehicles3.94%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 16.0%, 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 11.7x.
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 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
KBX Knorr-Bremse€104.107.6%
+€1.2b		24.6%PE30.4x
G1A GEA Group€60.009.9%
+€879.1m		2.0%PE23.4x
DTG Daimler Truck Holding€41.892.3%
+€725.3m		11.3%PE27.2x
8TRA Traton€33.903.6%
+€590.0m		21.9%PE13x
KGX KION GROUP€41.7310.5%
+€519.3m		0.9%PE14.9x

Latest News

KRN
€114.80
Krones
7D
4.2%
1Y
-16.1%
DTG
€41.89
Daimler Truck Holding
7D
2.3%
1Y
11.3%
RAA
€671.00
RATIONAL
7D
2.8%
1Y
-3.7%
Narrative Update • Jun 17

RAA: Elevated Expectations And Dividend Payouts Will Pressure Medium Term Returns

RATIONAL’s consensus analyst price target has moved slightly higher to around €588, as analysts factor in RBC Capital’s higher target alongside recent rating changes and updated assumptions for discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research on RATIONAL reflects a split view, with some analysts turning more constructive while others stay cautious on the stock’s valuation and execution risks.
8TRA
€33.90
Traton
7D
3.6%
1Y
21.9%
Analysis Article • Jun 16

Traton (XTRA:8TRA) Stock Near Fair Value After Resilient Update And Growth Plans

Traton (XTRA:8TRA) is in focus after a recent meeting highlighted resilient financial performance despite broader market declines, along with plans for R&D reorganization, expansion in China, greater digitalization, and governance and board changes. See our latest analysis for Traton. Traton shares are trading at €34.9, with a 6.92% 1 month share price return and a 15.49% 3 month share price return, while the 3 year total shareholder return of 102.56% points to longer term momentum. If...
DEZ
€9.94
DEUTZ
7D
10.5%
1Y
42.3%
G1A
€60.00
GEA Group
7D
9.9%
1Y
2.0%
Narrative Update • Jun 16

G1A: Rising Dividend Policy Will Support Stronger Long Term Margins

The analyst price target for GEA Group has been adjusted from €78.00 to €75.00. Analysts cite updated fair value, discount rate, revenue growth, profit margin, and forward P/E assumptions as the basis for this change.
KBX
€104.10
Knorr-Bremse
7D
7.6%
1Y
24.6%
Narrative Update • Jun 16

KBX: Upgraded Rail Outlook Will Expose Risk In Margin Execution

The analyst price target for Knorr-Bremse has moved higher to €123, up from €116. Analysts attribute this change to what they consider an inexpensive valuation for the stock, given its perceived quality in the capital goods sector.
KGX
€41.73
KION GROUP
7D
10.5%
1Y
0.9%
MUB
€38.60
Mühlbauer Holding
7D
-3.0%
1Y
-11.1%
VQT
€26.40
Envirotainer
7D
-1.5%
1Y
2.3%
R3NK
€47.06
RENK Group
7D
-6.8%
1Y
-32.0%
Narrative Update • Jun 11

R3NK: Record Orders And Backlog Will Support Bullish 2026 Outlook

Analysts have increased their price target for RENK Group to €56.24 from €53.43, citing updated assumptions for revenue growth, profit margins and future P/E, which result in a slightly higher fair value and discount rate. What's in the News KNDS completed a block sale of 5.8 million RENK shares in May 2026, increasing the stock’s free float and adding near term supply pressure for existing shareholders.
AAG
€14.55
Aumann
7D
-1.0%
1Y
17.9%
Narrative Update • Jun 09

AAG: Future Revenue Guidance And Dividend Outlook Will Frame Balanced Prospects

Analysts have raised their price target for Aumann from €10.60 to €13.70, citing updated assumptions on revenue growth, profit margins, the discount rate and future P/E levels. What's in the News Aumann reaffirmed its earnings guidance for the 2026 financial year and continues to expect revenue of around €160 million.
GSC1
€13.60
Gesco
7D
-0.7%
1Y
-20.9%
CA1
€6.28
Circus
7D
-3.4%
1Y
-57.1%
SKB
€8.69
Koenig & Bauer
7D
-1.8%
1Y
-32.1%
MXHN
€3.80
MAX Automation
7D
-2.3%
1Y
-30.9%