Narrative Update • Jul 11
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German (DAX) Industrials Sector Analysis
UpdatedJul 13, 2026
DataAggregated Company Financials
Companies159
- 7D-5.6%
- 3M-1.3%
- 1Y14.9%
- YTD6.8%
Over the last 7 days, the Industrials industry has dropped 5.6%, driven by a pullback from Siemens Energy of 11%. Over the past 12 months, the industry was up 15%. Earnings are forecast to grow by 19% annually.
Sector Valuation and Performance
Has the German Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 Jul 2026 | €741.4b | €541.8b | €24.9b | 20.8x | 29.8x | 1.4x |
| Wed, 10 Jun 2026 | €731.9b | €543.3b | €24.7b | 21.1x | 29.6x | 1.3x |
| Fri, 08 May 2026 | €792.1b | €542.4b | €25.3b | 21x | 31.3x | 1.5x |
| Sun, 05 Apr 2026 | €705.8b | €551.9b | €25.8b | 19.2x | 27.3x | 1.3x |
| Tue, 03 Mar 2026 | €769.1b | €558.1b | €27.1b | 21.3x | 28.4x | 1.4x |
| Thu, 29 Jan 2026 | €745.2b | €555.9b | €26.1b | 21.5x | 28.6x | 1.3x |
| Sat, 27 Dec 2025 | €680.2b | €556.2b | €26.1b | 21.2x | 26x | 1.2x |
| Mon, 24 Nov 2025 | €626.5b | €556.2b | €26.2b | 18.6x | 23.9x | 1.1x |
| Wed, 22 Oct 2025 | €661.6b | €552.6b | €27.5b | 19.7x | 24.1x | 1.2x |
| Fri, 19 Sep 2025 | €642.5b | €552.7b | €27.5b | 19.1x | 23.3x | 1.2x |
| Sun, 17 Aug 2025 | €644.3b | €552.7b | €27.6b | 20.3x | 23.4x | 1.2x |
| Tue, 15 Jul 2025 | €622.9b | €550.4b | €27.5b | 18.1x | 22.7x | 1.1x |
| Thu, 12 Jun 2025 | €607.4b | €573.5b | €26.9b | 17.2x | 22.6x | 1.1x |
| Sat, 10 May 2025 | €578.3b | €567.6b | €25.8b | 16.3x | 22.4x | 1x |
| Mon, 07 Apr 2025 | €487.0b | €566.1b | €26.4b | 16.2x | 18.4x | 0.9x |
| Wed, 05 Mar 2025 | €530.9b | €564.1b | €25.5b | 16.4x | 20.8x | 0.9x |
| Fri, 31 Jan 2025 | €492.7b | €558.6b | €27.5b | 16x | 17.9x | 0.9x |
| Sun, 29 Dec 2024 | €465.5b | €558.9b | €27.4b | 14.8x | 17x | 0.8x |
| Tue, 26 Nov 2024 | €456.5b | €559.0b | €27.5b | 13.9x | 16.6x | 0.8x |
| Thu, 24 Oct 2024 | €450.8b | €555.0b | €26.2b | 14.7x | 17.2x | 0.8x |
| Sat, 21 Sep 2024 | €426.4b | €555.2b | €26.2b | 15x | 16.3x | 0.8x |
| Mon, 19 Aug 2024 | €416.1b | €555.2b | €26.2b | 14.8x | 15.9x | 0.7x |
| Wed, 17 Jul 2024 | €439.8b | €549.6b | €23.8b | 15.3x | 18.5x | 0.8x |
| Fri, 14 Jun 2024 | €442.0b | €549.6b | €23.6b | 15.6x | 18.7x | 0.8x |
| Sun, 12 May 2024 | €458.4b | €550.2b | €26.6b | 15.8x | 17.2x | 0.8x |
| Tue, 09 Apr 2024 | €450.3b | €551.1b | €27.1b | 15x | 16.6x | 0.8x |
| Thu, 07 Mar 2024 | €433.6b | €560.3b | €30.7b | 13.8x | 14.1x | 0.8x |
| Sat, 03 Feb 2024 | €416.0b | €565.2b | €26.7b | 14.4x | 15.6x | 0.7x |
| Mon, 01 Jan 2024 | €416.0b | €565.0b | €26.7b | 15x | 15.6x | 0.7x |
| Wed, 29 Nov 2023 | €380.5b | €564.7b | €26.7b | 13.7x | 14.2x | 0.7x |
| Fri, 27 Oct 2023 | €344.8b | €575.6b | €34.4b | 13x | 10x | 0.6x |
| Sun, 24 Sep 2023 | €377.9b | €574.7b | €33.8b | 14.1x | 11.2x | 0.7x |
| Tue, 22 Aug 2023 | €389.1b | €574.1b | €33.8b | 14.1x | 11.5x | 0.7x |
| Thu, 20 Jul 2023 | €418.8b | €575.6b | €36.5b | 14.8x | 11.5x | 0.7x |
Price to Earnings Ratio
11.5x
Current Industry PE
- Investors are optimistic on the German Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.8x which is higher than its 3-year average PE of 20.0x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Industrials 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 sector?
| DE Market | -2.61% | |
| Industrials | -5.57% | |
| Transportation | 6.05% | |
| Logistics | 1.03% | |
| Trade Distributors | 0.19% | |
| Marine and Shipping | -0.65% | |
| Professional Services | -0.70% | |
| Building | -0.82% | |
| Commercial Services | -2.73% | |
| Industrials | -3.13% | |
| Machinery | -4.28% | |
| Airlines | -4.65% | |
| Infrastructure | -6.04% | |
| Construction | -8.30% | |
| Aerospace & Defense | -9.46% | |
| Electrical | -10.34% | |
Industry PE
- Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 16.6x.
- Analysts are expecting annual earnings growth of 29.0%, which is higher than its past year's earnings decline of 84.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Professional Services industry, expecting annual earnings growth of 91% over the next 5 years.
- This is better than its past earnings decline of 4.2% per year.
- In contrast, the Infrastructure industry is expected to see its earnings grow by 4.6% 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 | |
|---|---|---|---|---|---|
| DHL Deutsche Post | €56.94 | 2.2% +€1.4b | 46.5% | PE17.9x | |
| HLAG Hapag-Lloyd | €119.80 | 4.1% +€826.1m | -5.9% | PE85x | |
| BNR Brenntag | €58.26 | 3.9% +€314.8m | 5.8% | PE37x | |
| SIX2 Sixt | €69.95 | 2.0% +€63.4m | -26.0% | PE11x | |
| NOEJ NORMA Group | €18.70 | 5.2% +€29.3m | 19.6% | PS0.7x |
