Narrative Update • Aug 11
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German (DAX) Machinery Industry Analysis
UpdatedAug 20, 2026
DataAggregated Company Financials
Companies49
- 7D-1.0%
- 3M6.2%
- 1Y0.5%
- YTD1.9%
Over the last 7 days, the Machinery industry has dropped 2.6%, driven by a pullback from Traton of 1.9%. 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, 20 Aug 2026 | €122.7b | €156.3b | €5.6b | 17.4x | 21.9x | 0.8x |
| Sat, 18 Jul 2026 | €119.2b | €153.7b | €5.1b | 19.5x | 23.5x | 0.8x |
| Mon, 15 Jun 2026 | €117.0b | €154.3b | €5.1b | 20.1x | 23.2x | 0.8x |
| Wed, 13 May 2026 | €116.0b | €154.5b | €5.0b | 19.8x | 23.1x | 0.8x |
| Fri, 10 Apr 2026 | €125.6b | €157.5b | €5.8b | 19.7x | 21.7x | 0.8x |
| Sun, 08 Mar 2026 | €121.1b | €161.6b | €6.4b | 20.8x | 19x | 0.7x |
| Tue, 03 Feb 2026 | €124.9b | €161.6b | €6.3b | 21.8x | 19.7x | 0.8x |
| Thu, 01 Jan 2026 | €119.4b | €161.7b | €6.4b | 21.8x | 18.6x | 0.7x |
| Sat, 29 Nov 2025 | €115.5b | €161.7b | €6.4b | 21.1x | 17.9x | 0.7x |
| Mon, 27 Oct 2025 | €113.7b | €164.4b | €7.1b | 20.9x | 16.1x | 0.7x |
| Wed, 24 Sep 2025 | €118.7b | €164.4b | €7.1b | 19.5x | 16.8x | 0.7x |
| Fri, 22 Aug 2025 | €121.0b | €164.5b | €7.1b | 19x | 17x | 0.7x |
| Sun, 20 Jul 2025 | €119.8b | €165.2b | €8.1b | 19.5x | 14.7x | 0.7x |
| Tue, 17 Jun 2025 | €117.2b | €165.7b | €8.1b | 20.7x | 14.4x | 0.7x |
| Thu, 15 May 2025 | €119.3b | €166.3b | €8.2b | 17.7x | 14.6x | 0.7x |
| Sat, 12 Apr 2025 | €100.7b | €168.0b | €8.8b | 16.6x | 11.5x | 0.6x |
| Mon, 10 Mar 2025 | €123.9b | €169.3b | €9.0b | 16.7x | 13.8x | 0.7x |
| Wed, 05 Feb 2025 | €109.3b | €169.2b | €9.0b | 16.1x | 12.2x | 0.6x |
| Fri, 03 Jan 2025 | €101.9b | €169.1b | €9.0b | 17.3x | 11.4x | 0.6x |
| Sun, 01 Dec 2024 | €102.3b | €169.1b | €9.0b | 14.9x | 11.4x | 0.6x |
| Tue, 29 Oct 2024 | €107.9b | €170.2b | €9.4b | 15.6x | 11.5x | 0.6x |
| Thu, 26 Sep 2024 | €102.3b | €169.7b | €9.4b | 15.7x | 10.9x | 0.6x |
| Sat, 24 Aug 2024 | €103.1b | €169.7b | €9.4b | 15.1x | 11x | 0.6x |
| Mon, 22 Jul 2024 | €106.4b | €170.4b | €9.7b | 15.9x | 11x | 0.6x |
| Wed, 19 Jun 2024 | €106.0b | €170.3b | €9.7b | 15.6x | 11x | 0.6x |
| Fri, 17 May 2024 | €110.7b | €170.3b | €9.7b | 17.3x | 11.4x | 0.7x |
| Sun, 14 Apr 2024 | €117.1b | €169.6b | €9.6b | 16.4x | 12.2x | 0.7x |
| Tue, 12 Mar 2024 | €111.0b | €168.3b | €9.6b | 13.7x | 11.6x | 0.7x |
| Thu, 08 Feb 2024 | €93.6b | €167.0b | €8.9b | 13x | 10.5x | 0.6x |
| Sat, 06 Jan 2024 | €94.4b | €171.2b | €8.9b | 13.8x | 10.5x | 0.6x |
| Mon, 04 Dec 2023 | €90.1b | €171.1b | €9.0b | 12.9x | 10.1x | 0.5x |
| Wed, 01 Nov 2023 | €85.1b | €170.4b | €9.0b | 11.9x | 9.4x | 0.5x |
| Fri, 29 Sep 2023 | €93.2b | €169.4b | €8.1b | 12.2x | 11.5x | 0.6x |
| Sun, 27 Aug 2023 | €93.4b | €169.3b | €8.1b | 12.3x | 11.5x | 0.6x |
Price to Earnings Ratio
11.5x
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 21.8x which is higher than its 3-year average PE of 14.6x.
- 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 2.6% 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 | -0.66% | |
| Industrials | -1.59% | |
| Machinery | -1.03% | |
| Industrial Machinery | -0.15% | |
| Construction Machinery and Vehicles | -1.39% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings growth of 4.8% 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 12.4x.
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 | |
|---|---|---|---|---|---|
| G1A GEA Group | €65.05 | 0.6% +€65.1m | 0.7% | PE24.2x | |
| JST JOST Werke | €59.00 | 6.3% +€57.4m | 12.6% | PE47.7x | |
| NOEJ NORMA Group | €20.45 | 6.5% +€35.8m | 22.3% | PS0.7x | |
| MUB Mühlbauer Holding | €43.20 | 5.4% +€31.2m | -0.9% | PE17.4x | |
| STM Stabilus | €16.98 | 8.0% +€30.5m | -27.4% | PE7.3x |
