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German (DAX) Machinery Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies49
  • 7D5.2%
  • 3M4.5%
  • 1Y0.6%
  • YTD4.2%

In the last week, the Machinery industry is up 5.2%, with Daimler Truck Holding up 9.0%. In the same time, Stabilus was down 15%. Despite this gain, the industry's performance has been flat over the past year. 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
Mon, 27 Jul 2026€125.4b€154.3b€5.5b18.3x22.7x0.8x
Wed, 24 Jun 2026€117.0b€154.3b€5.1b19.9x23.1x0.8x
Fri, 22 May 2026€115.5b€154.5b€5.0b18.3x23.1x0.7x
Sun, 19 Apr 2026€127.8b€157.5b€5.8b20x22.1x0.8x
Tue, 17 Mar 2026€120.7b€156.0b€5.9b19.9x20.5x0.8x
Thu, 12 Feb 2026€132.4b€161.7b€6.4b21.6x20.8x0.8x
Sat, 10 Jan 2026€125.1b€161.7b€6.4b22x19.7x0.8x
Mon, 08 Dec 2025€116.9b€161.7b€6.4b21.7x18.1x0.7x
Wed, 05 Nov 2025€111.5b€162.9b€6.7b19.5x16.6x0.7x
Fri, 03 Oct 2025€117.2b€164.4b€7.1b21.1x16.6x0.7x
Sun, 31 Aug 2025€120.4b€164.5b€7.1b18.9x17x0.7x
Tue, 29 Jul 2025€122.6b€165.4b€7.8b19.4x15.8x0.7x
Thu, 26 Jun 2025€115.6b€165.7b€8.1b20.4x14.2x0.7x
Sat, 24 May 2025€116.7b€165.6b€8.1b17x14.4x0.7x
Mon, 21 Apr 2025€104.5b€168.0b€8.8b17.3x11.9x0.6x
Wed, 19 Mar 2025€125.1b€168.4b€8.8b17.7x14.3x0.7x
Fri, 14 Feb 2025€114.8b€169.2b€9.0b16.9x12.8x0.7x
Sun, 12 Jan 2025€102.5b€169.1b€9.0b17.4x11.4x0.6x
Tue, 10 Dec 2024€105.1b€169.1b€9.0b15.6x11.7x0.6x
Thu, 07 Nov 2024€104.6b€170.3b€9.4b14.7x11.1x0.6x
Sat, 05 Oct 2024€104.0b€169.7b€9.4b16.1x11.1x0.6x
Mon, 02 Sep 2024€104.1b€169.7b€9.4b15.2x11.1x0.6x
Wed, 31 Jul 2024€104.0b€170.3b€9.6b15.6x10.8x0.6x
Fri, 28 Jun 2024€105.5b€170.4b€9.7b15.9x10.9x0.6x
Sun, 26 May 2024€111.5b€170.3b€9.7b17.4x11.5x0.7x
Tue, 23 Apr 2024€114.1b€169.7b€9.6b16.5x11.9x0.7x
Thu, 21 Mar 2024€115.8b€168.3b€9.6b14.4x12.1x0.7x
Sat, 17 Feb 2024€95.9b€167.0b€8.9b12.6x10.8x0.6x
Mon, 15 Jan 2024€95.9b€171.2b€8.9b14x10.7x0.6x
Wed, 13 Dec 2023€92.5b€171.2b€8.9b13.3x10.3x0.5x
Fri, 10 Nov 2023€87.3b€170.8b€9.0b12.1x9.7x0.5x
Sun, 08 Oct 2023€91.5b€169.4b€8.1b11.8x11.3x0.5x
Tue, 05 Sep 2023€95.5b€169.4b€8.1b12.1x11.7x0.6x
Thu, 03 Aug 2023€97.4b€166.2b€7.9b12.6x12.3x0.6x
Price to Earnings Ratio

12.3x


Total Market Cap: €97.4bTotal Earnings: €7.9bTotal Revenue: €166.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Machinery Industry Price to Earnings3Y Average 14.4x202420252026
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 22.7x which is higher than its 3-year average PE of 14.4x.
  • 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 11% per year over the last three years,
  • Revenues have also declined 2.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the German Industrials industry?

DE Market0.48%
Industrials2.42%
Machinery5.16%
Construction Machinery and Vehicles6.57%
Industrial Machinery1.78%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.6x.
    • Analysts are expecting annual earnings growth of 15.6%, 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 12.1x.
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 19% 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€46.349.0%
+€2.9b		6.6%PE29.9x
8TRA Traton€39.3411.1%
+€2.0b		30.8%PE11.1x
KBX Knorr-Bremse€106.004.2%
+€693.2m		22.5%PE31x
G1A GEA Group€63.406.6%
+€643.1m		5.6%PE24.8x
R3NK RENK Group€47.066.9%
+€303.5m		-30.0%PE40.9x

Latest News

8TRA
€39.34
Traton
7D
11.1%
1Y
30.8%
Analysis Article • Jul 26

Traton SE Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Shareholders of Traton SE ( ETR:8TRA ) will be pleased this week, given that the stock price is up 11% to €39.60...
VOS
€58.30
Vossloh
7D
-2.6%
1Y
-35.4%
Analysis Article • Jul 26

Vossloh AG (ETR:VOS) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Vossloh AG ( ETR:VOS ) shareholders are probably feeling a little disappointed, since its shares fell 2.7% to €58.95 in...
STM
€13.50
Stabilus
7D
-15.3%
1Y
-48.7%
Narrative Update • Jul 24

STM: Lower Profitability Assumptions And FY2026 Guidance Will Shape Cautious Outlook

Analysts have trimmed their fair value estimate and lowered the price target for Stabilus by €4, reducing it to €13 from €17, citing updated assumptions on growth, margins and a slightly higher discount rate. What’s in the News for Stabilus Stabilus issued earnings guidance for FY2026, indicating expected revenue of €1.15b.
KGX
€41.69
KION GROUP
7D
4.6%
1Y
-19.4%
Narrative Update • Jul 23

KGX: Warehouse Automation And 2026 Revenue Guidance Will Shape Balanced Outlook

The updated fair value estimate for KION GROUP has been adjusted from €52 to €42. This reflects analysts' incorporation of a slightly higher discount rate, modestly revised growth and margin assumptions, and a lower future P/E multiple, alongside a mixed set of recent price target changes across the Street.
DEZ
€10.12
DEUTZ
7D
9.4%
1Y
31.8%
Narrative Update • Jul 23

DEZ: Defense Acquisition And Margin Outlook Will Shape Future Return Profile

Analysts have raised their price target on DEUTZ by €0.50. The updated fair value of €9.47 reflects revised expectations for revenue growth, profit margins and the stock's future P/E multiple.
RAA
€655.50
RATIONAL
7D
3.9%
1Y
-5.4%
DUE
€17.88
Dürr
7D
-1.9%
1Y
-24.2%
Narrative Update • Jul 17

DUE: Industrial Automation Expansion Will Drive Future Re-Rating Potential

Analysts have lowered their price target for Dürr stock to about €21, reflecting a cut in fair value from €42 to €37 as they factor in higher discount rates, updated assumptions on growth and margins, and concerns about the company's exposure to auto makers' capex and the pace of expansion in industrial automation. Analyst Commentary Recent research on Dürr highlights a more cautious stance at the current share price, but it also points to areas that could support the stock if execution improves and visibility on growth in industrial automation increases.
R3NK
€47.06
RENK Group
7D
6.9%
1Y
-30.0%
ALXA
€12.90
Alexanderwerk
7D
-5.1%
1Y
-19.9%
G1A
€63.40
GEA Group
7D
6.6%
1Y
5.6%
Narrative Update • Jul 14

G1A: Automation Upside And 2026 Cash Returns Should Sustain Rich Multiple

Analysts have raised their price target for GEA Group from about €51.57 to roughly €54.01. This reflects updated assumptions that include a slightly lower discount rate, modestly higher revenue growth, a small improvement in profit margin, and a marginally higher future P/E multiple.
KBX
€106.00
Knorr-Bremse
7D
4.2%
1Y
22.5%
Narrative Update • Jul 14

KBX: Rail And Truck Cycles Will Support Future Margin Upside

The updated analyst price target for Knorr-Bremse moves modestly higher to about €116.53 from about €113.67. This reflects analysts' recent target raises that are linked to adjusted fair value estimates, a slightly lower discount rate, steadier revenue growth assumptions, a marginally higher profit margin outlook, and a reduced future P/E expectation.
DTG
€46.34
Daimler Truck Holding
7D
9.0%
1Y
6.6%
Narrative Update • Jul 13

DTG: Future Upside Will Rely On North America Earnings Execution

Analysts have raised their fair value estimate for Daimler Truck Holding to €55 from €53, citing stronger assumed revenue growth, slightly higher profit margins, and a lower future P/E multiple in response to recent price target increases and rating upgrades across the Street. Analyst Commentary Recent research on Daimler Truck Holding points to a cluster of upbeat views, with several bullish analysts lifting price targets and highlighting what they see as attractive risk reward at current levels.
NOEJ
€18.04
NORMA Group
7D
-2.3%
1Y
15.3%
Narrative Update • Jul 11

NOEJ: Margins And Muted 2026 Sales Outlook Will Likely Pressure Shares

Analysts have raised their price target on NORMA Group to €15.20 from €13.00, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E estimates. What's in the News NORMA Group SE confirmed its earnings guidance for financial year 2026, maintaining its existing outlook.
TTR1
€28.80
technotrans
7D
-1.9%
1Y
20.0%
MZX
€13.90
Masterflex
7D
-2.5%
1Y
11.2%
MSAG
€1.17
MS Industrie
7D
-7.1%
1Y
-28.2%