Narrative Update • Aug 11
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German (DAX) Machinery Industry Analysis
UpdatedAug 13, 2026
DataAggregated Company Financials
Companies49
- 7D-3.1%
- 3M5.1%
- 1Y0.6%
- YTD3.0%
Over the last 7 days, the Machinery industry has dropped 3.1%, driven by a pullback from Daimler Truck Holding of 5.4%. As for the longer term, the industry's performance has been flat for the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 13 Aug 2026 | €123.9b | €156.1b | €5.6b | 17.3x | 22.3x | 0.8x |
| Sat, 11 Jul 2026 | €117.9b | €153.7b | €5.1b | 19.3x | 23.2x | 0.8x |
| Mon, 08 Jun 2026 | €117.3b | €154.3b | €5.1b | 19.7x | 23.2x | 0.8x |
| Wed, 06 May 2026 | €120.3b | €155.9b | €5.6b | 19.2x | 21.6x | 0.8x |
| Fri, 03 Apr 2026 | €121.0b | €157.5b | €5.8b | 18.8x | 21x | 0.8x |
| Sun, 01 Mar 2026 | €131.0b | €161.7b | €6.3b | 21.6x | 20.7x | 0.8x |
| Tue, 27 Jan 2026 | €124.4b | €161.7b | €6.4b | 21.2x | 19.6x | 0.8x |
| Thu, 25 Dec 2025 | €118.1b | €161.7b | €6.4b | 21.6x | 18.4x | 0.7x |
| Sat, 22 Nov 2025 | €111.2b | €161.6b | €6.6b | 19.6x | 16.9x | 0.7x |
| Mon, 20 Oct 2025 | €109.9b | €164.4b | €7.1b | 20.9x | 15.5x | 0.7x |
| Wed, 17 Sep 2025 | €117.8b | €164.4b | €7.1b | 19.2x | 16.7x | 0.7x |
| Fri, 15 Aug 2025 | €123.3b | €164.4b | €7.1b | 18.2x | 17.3x | 0.7x |
| Sun, 13 Jul 2025 | €122.6b | €165.2b | €8.1b | 19.8x | 15.1x | 0.7x |
| Tue, 10 Jun 2025 | €118.7b | €165.7b | €8.1b | 20.9x | 14.6x | 0.7x |
| Thu, 08 May 2025 | €112.1b | €166.3b | €8.1b | 19.4x | 13.8x | 0.7x |
| Sat, 05 Apr 2025 | €102.2b | €168.0b | €8.8b | 16.7x | 11.7x | 0.6x |
| Mon, 03 Mar 2025 | €117.9b | €169.4b | €9.0b | 16.5x | 13.1x | 0.7x |
| Wed, 29 Jan 2025 | €106.8b | €169.1b | €9.0b | 16.6x | 11.9x | 0.6x |
| Fri, 27 Dec 2024 | €101.4b | €169.1b | €9.0b | 16.5x | 11.3x | 0.6x |
| Sun, 24 Nov 2024 | €102.8b | €169.1b | €9.0b | 14.7x | 11.5x | 0.6x |
| Tue, 22 Oct 2024 | €107.0b | €169.7b | €9.4b | 15.8x | 11.4x | 0.6x |
| Thu, 19 Sep 2024 | €100.9b | €169.7b | €9.4b | 15.7x | 10.7x | 0.6x |
| Sat, 17 Aug 2024 | €101.7b | €169.7b | €9.4b | 15.1x | 10.8x | 0.6x |
| Mon, 15 Jul 2024 | €107.6b | €170.4b | €9.7b | 15.9x | 11.1x | 0.6x |
| Wed, 12 Jun 2024 | €109.3b | €170.3b | €9.7b | 16.5x | 11.3x | 0.6x |
| Fri, 10 May 2024 | €114.1b | €170.3b | €9.7b | 17x | 11.8x | 0.7x |
| Sun, 07 Apr 2024 | €118.4b | €169.7b | €9.6b | 16.1x | 12.3x | 0.7x |
| Tue, 05 Mar 2024 | €107.7b | €167.4b | €9.6b | 13.4x | 11.2x | 0.6x |
| Thu, 01 Feb 2024 | €97.4b | €171.2b | €8.9b | 14.1x | 10.9x | 0.6x |
| Sat, 30 Dec 2023 | €97.1b | €171.2b | €8.9b | 14x | 10.9x | 0.6x |
| Mon, 27 Nov 2023 | €88.4b | €171.0b | €9.0b | 13.1x | 9.9x | 0.5x |
| Wed, 25 Oct 2023 | €86.7b | €169.4b | €8.1b | 12.5x | 10.7x | 0.5x |
| Fri, 22 Sep 2023 | €93.0b | €169.4b | €8.1b | 12.1x | 11.4x | 0.5x |
| Sun, 20 Aug 2023 | €94.6b | €169.3b | €8.1b | 11.9x | 11.7x | 0.6x |
Price to Earnings Ratio
11.7x
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 22.3x which is higher than its 3-year average PE of 14.5x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 12% per year over the last three years,
- Revenues have also declined 2.7% 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 Market | 0.60% | |
| Industrials | 0.16% | |
| Machinery | -3.08% | |
| Industrial Machinery | -1.94% | |
| Construction Machinery and Vehicles | -3.54% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings growth of 4.6% 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 12.3x.
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 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| R3NK RENK Group | €50.24 | 3.6% +€174.0m | -19.0% | PE50.7x | |
| DEZ DEUTZ | €10.61 | 9.4% +€138.9m | 17.9% | PE20.6x | |
| KGX KION GROUP | €41.22 | 1.7% +€87.9m | -28.9% | PE14x | |
| VOS Vossloh | €59.40 | 3.0% +€33.8m | -32.7% | PE32.1x | |
| G1A GEA Group | €64.65 | 0.2% +€24.4m | 0.9% | PE24.1x |
