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German (DAX) Machinery Industry Analysis

UpdatedDec 28, 2025
DataAggregated Company Financials
Companies51
  • 7D-0.5%
  • 3M2.6%
  • 1Y16.2%
  • YTD16.5%

Over the last 7 days, the Machinery industry has remained flat, although notably Dürr gained 7.4%. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Dec 2025€118.1b€161.7b€6.4b21.6x18.4x0.7x
Tue, 25 Nov 2025€112.4b€161.7b€6.4b20.3x17.4x0.7x
Thu, 23 Oct 2025€112.5b€164.4b€7.1b20.9x15.9x0.7x
Sat, 20 Sep 2025€117.4b€164.4b€7.1b19.4x16.6x0.7x
Mon, 18 Aug 2025€122.9b€164.5b€7.1b19.1x17.3x0.7x
Wed, 16 Jul 2025€121.4b€165.2b€8.1b19.7x14.9x0.7x
Fri, 13 Jun 2025€116.8b€165.7b€8.1b20.7x14.4x0.7x
Sun, 11 May 2025€115.2b€166.4b€8.2b18.8x14.1x0.7x
Tue, 08 Apr 2025€99.1b€168.0b€8.8b16.3x11.3x0.6x
Thu, 06 Mar 2025€122.9b€169.4b€9.0b17.1x13.7x0.7x
Sat, 01 Feb 2025€111.5b€169.2b€9.0b16.7x12.4x0.7x
Mon, 30 Dec 2024€102.3b€169.1b€9.0b17.1x11.4x0.6x
Wed, 27 Nov 2024€100.0b€169.1b€9.0b14.7x11.2x0.6x
Fri, 25 Oct 2024€106.4b€169.7b€9.4b15.7x11.3x0.6x
Sun, 22 Sep 2024€101.3b€169.7b€9.4b15.5x10.8x0.6x
Tue, 20 Aug 2024€102.4b€169.7b€9.4b15.3x10.9x0.6x
Thu, 18 Jul 2024€105.7b€170.4b€9.7b15.9x10.9x0.6x
Sat, 15 Jun 2024€104.8b€170.3b€9.7b16.1x10.8x0.6x
Mon, 13 May 2024€114.5b€170.3b€9.7b17.2x11.8x0.7x
Wed, 10 Apr 2024€117.7b€169.7b€9.6b16.2x12.3x0.7x
Fri, 08 Mar 2024€110.0b€168.3b€9.6b13.7x11.4x0.7x
Sun, 04 Feb 2024€98.4b€171.2b€8.9b14.1x11x0.6x
Tue, 02 Jan 2024€97.1b€171.2b€8.9b14x10.9x0.6x
Thu, 30 Nov 2023€89.1b€171.0b€9.0b13.1x9.9x0.5x
Sat, 28 Oct 2023€85.3b€170.3b€8.8b11.6x9.6x0.5x
Mon, 25 Sep 2023€93.2b€169.4b€8.1b12.4x11.5x0.6x
Wed, 23 Aug 2023€95.3b€169.3b€8.1b11.8x11.7x0.6x
Fri, 21 Jul 2023€96.6b€163.6b€7.5b12.8x12.8x0.6x
Sun, 18 Jun 2023€97.6b€163.5b€7.5b14.8x13x0.6x
Tue, 16 May 2023€94.6b€160.3b€7.0b15.3x13.6x0.6x
Thu, 13 Apr 2023€93.7b€156.6b€6.8b16.9x13.9x0.6x
Sat, 11 Mar 2023€95.0b€151.6b€6.3b18x15.1x0.6x
Mon, 06 Feb 2023€96.4b€148.2b€5.6b18.1x17.1x0.7x
Wed, 04 Jan 2023€86.4b€148.2b€5.6b16.1x15.3x0.6x
Price to Earnings Ratio

15.3x


Total Market Cap: €86.4bTotal 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 18.4x 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 Market0.12%
Industrials-0.037%
Machinery-0.47%
Industrial Machinery0.25%
Construction Machinery and Vehicles-0.78%
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 17.2%, 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
DUE Dürr€22.457.4%
+€107.3m		5.0%PS0.4x
G1A GEA Group€57.250.7%
+€65.1m		18.7%PE22.5x
KGX KION GROUP€66.850.3%
+€26.2m		109.2%PE32.3x
TTR1 technotrans€33.905.9%
+€13.1m		82.7%PE21.8x
HDD Heidelberger Druckmaschinen€2.021.5%
+€9.1m		118.6%PE15.4x

Latest News

RAA
€658.00
RATIONAL
7D
-1.0%
1Y
-22.2%

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
€57.25
GEA Group
7D
0.7%
1Y
18.7%

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
TTR1
€33.90
technotrans
7D
5.9%
1Y
82.7%

TTR1: Guidance And New Orders Will Shape Balanced Long-Term Outlook

Narrative Update Analysts have maintained their price target for technotrans at approximately €34.67 per share, reflecting only minor changes to discount rate, growth, and margin assumptions. Their overall valuation view remains effectively unchanged.
DEZ
€8.40
DEUTZ
7D
-1.8%
1Y
108.4%

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
€66.85
KION GROUP
7D
0.3%
1Y
109.2%

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.
HDD
€2.02
Heidelberger Druckmaschinen
7D
1.5%
1Y
118.6%
R3NK
€52.79
RENK Group
7D
-1.1%
1Y
188.3%

An Intrinsic Calculation For RENK Group AG (ETR:R3NK) Suggests It's 34% Undervalued

Dec 19
An Intrinsic Calculation For RENK Group AG (ETR:R3NK) Suggests It's 34% Undervalued
4X0
€36.30
Steyr Motors
7D
4.6%
1Y
161.2%
DTG
€37.01
Daimler Truck Holding
7D
-1.1%
1Y
0.1%

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.
KBX
€94.45
Knorr-Bremse
7D
-0.2%
1Y
35.4%
8TRA
€29.96
Traton
7D
-1.4%
1Y
7.0%

8TRA: Margin Discipline And Cash Generation Will Drive Medium Term Upside

Analysts have trimmed their price target on Traton to EUR 44.67 from EUR 46.87, reflecting more cautious expectations on valuation despite slightly stronger growth and margin assumptions, as recent Street research has converged around lower Neutral to Hold targets. Analyst Commentary Beneath the recent wave of target cuts and rating downgrades, bullish analysts still highlight a constructive medium term outlook for Traton, arguing that the current consolidation in estimates primarily reflects a reset in expectations rather than a deterioration in the company’s fundamental trajectory.
CA1
€12.25
Circus
7D
-5.0%
1Y
-51.8%
DUE
€22.45
Dürr
7D
7.4%
1Y
5.0%

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

Dec 06
Estimating The Fair Value Of Dürr Aktiengesellschaft (ETR:DUE)
VOS
€75.30
Vossloh
7D
-1.1%
1Y
75.1%

Does Vossloh (ETR:VOS) Have A Healthy Balance Sheet?

Dec 06
Does Vossloh (ETR:VOS) Have A Healthy Balance Sheet?
PFV
€157.00
Pfeiffer Vacuum Technology
7D
0.4%
1Y
2.9%
GIL
€47.00
DMG MORI
7D
0.2%
1Y
3.5%