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German (DAX) Machinery Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies49
  • 7D-0.8%
  • 3M-4.7%
  • 1Y-1.6%
  • YTD-3.0%

Over the last 7 days, the Machinery industry has remained flat. Furthermore, the industry has been flat for the past year as well. 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
Tue, 09 Jun 2026€116.9b€154.3b€5.1b20x23.1x0.8x
Thu, 07 May 2026€123.1b€154.4b€5.0b21x24.6x0.8x
Sat, 04 Apr 2026€120.9b€157.5b€5.8b19.2x21x0.8x
Mon, 02 Mar 2026€131.0b€161.7b€6.3b21.6x20.7x0.8x
Wed, 28 Jan 2026€123.9b€161.6b€6.3b21.9x19.5x0.8x
Fri, 26 Dec 2025€118.1b€161.7b€6.4b21.6x18.4x0.7x
Sun, 23 Nov 2025€111.2b€161.6b€6.6b19.6x16.9x0.7x
Tue, 21 Oct 2025€112.1b€164.4b€7.1b20.9x15.9x0.7x
Thu, 18 Sep 2025€116.9b€164.4b€7.1b19.1x16.5x0.7x
Sat, 16 Aug 2025€122.9b€164.5b€7.1b20.3x17.3x0.7x
Mon, 14 Jul 2025€122.6b€165.2b€8.1b19.8x15.1x0.7x
Wed, 11 Jun 2025€117.8b€165.7b€8.1b20.7x14.5x0.7x
Fri, 09 May 2025€113.5b€166.3b€8.1b19.4x14x0.7x
Sun, 06 Apr 2025€101.6b€168.0b€8.8b16.7x11.6x0.6x
Tue, 04 Mar 2025€120.6b€169.4b€9.0b16.8x13.4x0.7x
Thu, 30 Jan 2025€109.7b€169.2b€9.0b16.4x12.2x0.6x
Sat, 28 Dec 2024€102.3b€169.1b€9.0b17.1x11.4x0.6x
Mon, 25 Nov 2024€102.8b€169.1b€9.0b14.7x11.5x0.6x
Wed, 23 Oct 2024€107.1b€169.7b€9.4b15.8x11.4x0.6x
Fri, 20 Sep 2024€102.9b€169.7b€9.4b15.7x11x0.6x
Sun, 18 Aug 2024€101.7b€169.7b€9.4b15.1x10.8x0.6x
Tue, 16 Jul 2024€107.4b€170.4b€9.7b15.9x11.1x0.6x
Thu, 13 Jun 2024€109.1b€170.3b€9.7b16.1x11.3x0.6x
Sat, 11 May 2024€114.5b€170.3b€9.7b17.2x11.8x0.7x
Mon, 08 Apr 2024€118.4b€169.7b€9.6b16.1x12.3x0.7x
Wed, 06 Mar 2024€108.6b€168.3b€9.6b13.5x11.3x0.6x
Fri, 02 Feb 2024€97.8b€171.2b€8.9b14.1x10.9x0.6x
Sun, 31 Dec 2023€97.1b€171.2b€8.9b14x10.9x0.6x
Tue, 28 Nov 2023€88.1b€171.0b€9.0b13x9.8x0.5x
Thu, 26 Oct 2023€85.7b€169.4b€8.1b12.3x10.6x0.5x
Sat, 23 Sep 2023€93.2b€169.4b€8.1b12.4x11.5x0.6x
Mon, 21 Aug 2023€94.6b€169.3b€8.1b11.9x11.7x0.6x
Wed, 19 Jul 2023€97.1b€163.6b€7.5b13.2x12.9x0.6x
Fri, 16 Jun 2023€97.1b€163.5b€7.5b14.9x12.9x0.6x
Price to Earnings Ratio

12.9x


Total Market Cap: €97.1bTotal Earnings: €7.5bTotal Revenue: €163.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 13.9x202420252026
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 23.1x which is higher than its 3-year average PE of 13.9x.
  • 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 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-1.76%
Industrials-1.00%
Machinery-0.80%
Industrial Machinery-0.70%
Construction Machinery and Vehicles-0.85%
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 16.3%, 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 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
DTG Daimler Truck Holding€41.591.0%
+€328.3m		9.6%PE27x
8TRA Traton€34.081.5%
+€250.0m		16.7%PE13x
RAA RATIONAL€656.501.1%
+€79.6m		-10.9%PE29.1x
KSB KSB SE KGaA€898.001.8%
+€28.0m		6.9%PE11.2x
AAG Aumann€14.859.2%
+€16.1m		14.2%PE13.9x

Latest News

AAG
€14.85
Aumann
7D
9.2%
1Y
14.2%
8TRA
€34.08
Traton
7D
1.5%
1Y
16.7%
Narrative Update • Jun 07

8TRA: Margin Upside And Cash Generation Will Drive Medium Term Re-Rating

Analysts have inched their Traton price target higher by €4.70, citing refreshed views on margins, cash flows and P/E assumptions, alongside recent upbeat research coverage from major banks. Analyst Commentary Recent research has tilted more positive, with bullish analysts pointing to refreshed assumptions on margins, cash generation and P/E that help support a higher price framework for Traton.
TTR1
€31.30
technotrans
7D
4.9%
1Y
30.4%
Narrative Update • Jun 06

TTR1: Data Centre And Rail Orders Will Underpin 2026 Earnings Quality

Analysts have kept their €36.00 price target for technotrans unchanged, citing slightly adjusted assumptions for discount rate, revenue growth, profit margin, and a higher future P/E multiple as the key factors behind the reaffirmed view. What's in the News Board of Management confirms 2026 guidance, with consolidated revenue expected between €240 million and €260 million and an EBIT margin of 6.5% to 8.5%.
R3NK
€50.55
RENK Group
7D
-3.5%
1Y
-34.6%
PFV
€167.40
Pfeiffer Vacuum Technology
7D
0.6%
1Y
4.9%
VOS
€64.25
Vossloh
7D
-5.1%
1Y
-18.3%
DEZ
€9.58
DEUTZ
7D
-5.4%
1Y
27.3%
Narrative Update • Jun 04

DEZ: Index Inclusion And Energy Expansion Will Support Future Share Repricing

Analysts have raised their price target on DEUTZ by €1.10 to €14.00, citing updated assumptions on fair value, discount rate, growth, margins and future P/E that are in line with recent Street research. What's in the News Q1 2026 results: DEUTZ reported order intake up 41.2% and revenue up 8.4%, with an adjusted EBIT margin of 7.0%, supported by a transition to a new five division structure and its Future Fit cost saving programme.
KRN
€112.60
Krones
7D
-2.9%
1Y
-21.1%
RAA
€656.50
RATIONAL
7D
1.1%
1Y
-10.9%
Narrative Update • Jun 02

RAA: Balanced Rating Shifts And Dividend Plans Will Shape Medium Term Outlook

RATIONAL’s analyst price target has been adjusted by €27 overall. This reflects updated views on the stock after mixed target changes and ratings moves from several research houses, with analysts pointing to refined assumptions on growth, margins and future P/E.
G1A
€54.20
GEA Group
7D
-0.9%
1Y
-8.1%
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
€98.20
Knorr-Bremse
7D
-2.7%
1Y
10.2%
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
€38.98
KION GROUP
7D
-6.3%
1Y
-11.2%
DTG
€41.59
Daimler Truck Holding
7D
1.0%
1Y
9.6%
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.
DUE
€19.72
Dürr
7D
-4.5%
1Y
-15.5%
SNG
€6.80
Singulus Technologies
7D
14.1%
1Y
216.3%
KSB
€898.00
KSB SE KGaA
7D
1.8%
1Y
6.9%