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

German (DAX) Machinery Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies49
  • 7D-3.2%
  • 3M-1.9%
  • 1Y-3.2%
  • YTD-5.1%

The Machinery industry is down 3.2% over the last week with RENK Group the worst performer, down 7.5%. Overall the industry is down 3.2% in 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
Wed, 01 Jul 2026€114.3b€154.3b€5.1b20.2x22.6x0.7x
Fri, 29 May 2026€120.4b€154.4b€5.0b20.2x23.9x0.8x
Sun, 26 Apr 2026€123.3b€157.6b€5.8b19.5x21.4x0.8x
Tue, 24 Mar 2026€117.3b€156.3b€6.0b19.2x19.6x0.8x
Thu, 19 Feb 2026€131.9b€161.7b€6.4b21.8x20.7x0.8x
Sat, 17 Jan 2026€125.5b€161.7b€6.4b21.6x19.8x0.8x
Mon, 15 Dec 2025€118.7b€161.7b€6.4b21.2x18.5x0.7x
Wed, 12 Nov 2025€114.0b€161.5b€6.5b19.3x17.4x0.7x
Fri, 10 Oct 2025€115.5b€164.4b€7.1b21.5x16.3x0.7x
Sun, 07 Sep 2025€118.2b€164.4b€7.1b17.8x16.7x0.7x
Tue, 05 Aug 2025€118.0b€164.4b€7.2b20.4x16.4x0.7x
Thu, 03 Jul 2025€118.6b€165.2b€8.2b18.3x14.5x0.7x
Sat, 31 May 2025€118.7b€165.6b€8.1b17.5x14.6x0.7x
Mon, 28 Apr 2025€108.9b€167.6b€8.6b18.2x12.6x0.6x
Wed, 26 Mar 2025€117.5b€168.5b€8.8b18.2x13.3x0.7x
Fri, 21 Feb 2025€115.3b€169.5b€9.1b16.1x12.7x0.7x
Sun, 19 Jan 2025€104.4b€169.1b€9.0b17x11.7x0.6x
Tue, 17 Dec 2024€102.7b€169.1b€9.0b15.3x11.5x0.6x
Thu, 14 Nov 2024€103.6b€169.4b€9.0b14.4x11.5x0.6x
Sat, 12 Oct 2024€105.3b€169.7b€9.4b15.7x11.2x0.6x
Mon, 09 Sep 2024€98.0b€169.7b€9.4b15x10.4x0.6x
Wed, 07 Aug 2024€96.7b€169.9b€9.5b14.6x10.2x0.6x
Fri, 05 Jul 2024€105.7b€170.4b€9.7b15.9x10.9x0.6x
Sun, 02 Jun 2024€110.2b€170.3b€9.7b16.5x11.4x0.6x
Tue, 30 Apr 2024€115.5b€170.4b€9.7b16.2x11.9x0.7x
Thu, 28 Mar 2024€118.7b€168.5b€9.6b15.6x12.4x0.7x
Sat, 24 Feb 2024€97.3b€167.0b€8.9b12.5x10.9x0.6x
Mon, 22 Jan 2024€93.8b€171.2b€8.9b13.6x10.5x0.5x
Wed, 20 Dec 2023€96.2b€171.2b€8.9b13.7x10.7x0.6x
Fri, 17 Nov 2023€88.9b€171.0b€9.0b13.1x9.9x0.5x
Sun, 15 Oct 2023€89.5b€169.4b€8.1b12.1x11x0.5x
Tue, 12 Sep 2023€94.8b€169.4b€8.1b11.9x11.7x0.6x
Thu, 10 Aug 2023€97.3b€168.5b€8.0b12.6x12.2x0.6x
Sat, 08 Jul 2023€94.7b€163.6b€7.5b12.7x12.6x0.6x
Price to Earnings Ratio

12.6x


Total Market Cap: €94.7bTotal Earnings: €7.5bTotal Revenue: €163.6bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 14.1x202420252026
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 22.6x which is higher than its 3-year average PE of 14.1x.
  • 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-2.44%
Industrials-4.90%
Machinery-3.15%
Industrial Machinery-0.93%
Construction Machinery and Vehicles-4.10%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.4x.
    • Analysts are expecting annual earnings growth of 15.5%, which is higher than its past year's earnings growth of 2.4% 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 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 24% 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 15% 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€42.202.4%
+€755.8m		7.3%PE27.4x
8TRA Traton€33.183.1%
+€500.0m		19.7%PE12.7x
G1A GEA Group€60.052.1%
+€203.5m		2.0%PE23.4x
SLT Schaltbau Holding€66.003.1%
+€21.8m		6.5%PS1.5x
SNG Singulus Technologies€9.4032.0%
+€20.3m		385.8%PS1.7x

Latest News

KRN
€112.20
Krones
7D
-1.8%
1Y
-19.3%
Narrative Update • Jun 26

KRN: Medium Term Revenue Ambitions And Execution Are Expected To Drive Upside

The analyst fair value estimate for Krones has been raised from €174 to €189. The change is mainly supported by higher Street price targets from several firms that see the stock's fundamentals as consistent with their updated views.
SKB
€9.05
Koenig & Bauer
7D
5.5%
1Y
-31.3%
Narrative Update • Jun 26

None

Analysts have trimmed their price target for Koenig & Bauer to €15.25 from €18.18, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they see as better reflecting the company’s current risk and earnings profile. What's in the News for Koenig & Bauer No recent Koenig & Bauer specific news items or key developments were identified in the provided sources.
R3NK
€42.33
RENK Group
7D
-7.5%
1Y
-34.0%
Narrative Update • Jun 26

R3NK: 2026 Revenue Scale And Dividend Will Support Future Returns

Analysts have nudged their price target for RENK Group slightly higher to €75.50 from €75.00, citing updated assumptions around revenue growth, margins and the stock's forward P/E. What's in the News RENK Group confirmed earnings guidance for 2026, continuing to expect revenue in excess of €1.5b.
KGX
€38.77
KION GROUP
7D
-5.3%
1Y
-17.3%
Narrative Update • Jun 25

KGX: AI Warehouse Automation And Robotics Partnerships Will Drive Future Repricing Potential

KION GROUP's analyst price target has been revised to €63. This reflects a series of recent target trims from several banks alongside fresh Buy ratings, as analysts reassess assumptions on growth, margins and risk.
KBX
€101.60
Knorr-Bremse
7D
-1.8%
1Y
24.7%
8TRA
€33.18
Traton
7D
3.1%
1Y
19.7%
Narrative Update • Jun 24

8TRA: Elevated Execution Risks Around Margin Improvement Will Likely Cap Future Upside

Traton's analyst price target has increased by €4.70, with analysts citing updated assumptions for slightly stronger revenue growth, modestly improved profit margins, and a lower expected future P/E multiple as the key drivers behind the change. Analyst Commentary Recent research on Traton highlights a mix of optimism about the company’s prospects and caution around how much of that optimism is already reflected in the valuation.
TTR1
€32.25
technotrans
7D
4.4%
1Y
53.6%
Narrative Update • Jun 23

TTR1: Data Centre And Rail Cooling Wins Will Support Bullish Outlook

Analysts have maintained their price target for technotrans at €38.50, citing largely stable assumptions for the discount rate, revenue growth, profit margin, and future P/E as the basis for their view. What’s in the News for technotrans technotrans continued its expansion in medical technology with a new compact liquid cooling system for CT scanners, developed in Baden-Baden with series production at the Taicang, China site, targeting the Chinese medical technology market.
JST
€52.00
JOST Werke
7D
-4.2%
1Y
-2.8%
Narrative Update • Jun 22

JST: 2026 Revenue Guidance And Higher P/E Assumptions Will Support Upside

Analysts have adjusted their price target for JOST Werke slightly from €75.50 to €75.00, citing updated assumptions for revenue growth, profit margins, and the future P/E multiple in their valuation models. What Is in the News for JOST Werke JOST Werke SE confirmed earnings guidance for the 2026 fiscal year, indicating that Group revenue is expected to change by a single-digit percentage compared with 2025 revenue of €1,534.2 million.
DEZ
€8.85
DEUTZ
7D
-8.2%
1Y
20.7%
Narrative Update • Jun 19

DEZ: Future Margin Delivery Will Be Underpinned By Energy Acquisition

Analysts have nudged their price target on DEUTZ stock up by €0.50, citing updated assumptions on growth, profitability and valuation multiples that support a slightly higher fair value. What’s in the News for DEUTZ DEUTZ reported Q1 2026 results with new orders up 41.2% year on year and consolidated revenue rising 8.4%, according to Capital.com.
DTG
€42.03
Daimler Truck Holding
7D
2.0%
1Y
6.9%
RAA
€643.50
RATIONAL
7D
-0.9%
1Y
-9.7%
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.
G1A
€60.05
GEA Group
7D
2.1%
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.
SLT
€66.00
Schaltbau Holding
7D
3.1%
1Y
6.5%
GIL
€47.20
DMG MORI
7D
0.4%
1Y
3.1%
DUE
€17.72
Dürr
7D
-5.0%
1Y
-18.5%
SNG
€9.40
Singulus Technologies
7D
32.0%
1Y
385.8%