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

Dutch (AEX) Industrials Sector Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies26
  • 7D-2.6%
  • 3M-15.7%
  • 1Y-27.8%
  • YTD-16.4%

Over the last 7 days, the Industrials industry has dropped 1.3%, driven by CSG declining 17%. The industry has fallen 28% in the last year. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the Dutch Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026€101.5b€78.3b€3.7b18.1x27.5x1.3x
Mon, 04 May 2026€104.2b€77.6b€3.6b18.3x28.9x1.3x
Wed, 01 Apr 2026€105.4b€77.8b€3.7b17.5x28.8x1.4x
Fri, 27 Feb 2026€114.6b€77.0b€3.8b21.5x30.4x1.5x
Sun, 25 Jan 2026€89.4b€71.0b€2.8b21.6x32.3x1.3x
Tue, 23 Dec 2025€55.5b€71.1b€2.8b20x20x0.8x
Thu, 20 Nov 2025€55.2b€71.1b€2.8b18.5x19.9x0.8x
Sat, 18 Oct 2025€62.8b€71.1b€2.8b19.4x22.1x0.9x
Mon, 15 Sep 2025€63.8b€71.1b€2.9b20.4x22.3x0.9x
Wed, 13 Aug 2025€66.9b€70.9b€2.8b20.3x24.1x0.9x
Fri, 11 Jul 2025€75.0b€71.1b€2.9b20.3x25.6x1.1x
Sun, 08 Jun 2025€78.0b€71.1b€2.9b18.9x26.6x1.1x
Tue, 06 May 2025€77.4b€70.9b€2.9b17.6x26.2x1.1x
Thu, 03 Apr 2025€74.9b€71.3b€3.0b20.2x25.2x1.1x
Sat, 01 Mar 2025€79.4b€71.1b€3.0b19.9x26.6x1.1x
Mon, 27 Jan 2025€84.1b€70.6b€3.4b18.5x24.6x1.2x
Wed, 25 Dec 2024€81.7b€70.6b€3.4b17.8x24.4x1.2x
Fri, 22 Nov 2024€79.9b€70.6b€3.4b17.7x23.8x1.1x
Sun, 20 Oct 2024€85.2b€70.8b€3.4b17.3x25x1.2x
Tue, 17 Sep 2024€83.3b€70.8b€3.4b17.2x24.6x1.2x
Thu, 15 Aug 2024€79.9b€70.7b€3.4b15.3x23.5x1.1x
Sat, 13 Jul 2024€83.6b€70.4b€3.4b16.8x24.8x1.2x
Mon, 10 Jun 2024€84.1b€70.3b€3.3b20.9x25.1x1.2x
Wed, 08 May 2024€82.8b€70.2b€3.3b19.4x25x1.2x
Fri, 05 Apr 2024€81.2b€70.8b€3.3b16x24.2x1.1x
Sun, 03 Mar 2024€81.0b€70.7b€3.4b14.7x24x1.1x
Tue, 30 Jan 2024€87.0b€76.8b€2.7b17.1x31.7x1.1x
Thu, 28 Dec 2023€86.5b€76.9b€2.7b16.8x31.5x1.1x
Sat, 25 Nov 2023€82.1b€76.8b€2.7b16.4x29.9x1.1x
Mon, 23 Oct 2023€74.3b€77.7b€2.8b17.8x26.6x1x
Wed, 20 Sep 2023€78.0b€77.6b€2.8b21x28x1x
Fri, 18 Aug 2023€77.7b€77.8b€2.9b19.8x27x1x
Sun, 16 Jul 2023€79.2b€77.2b€3.1b22.3x25.5x1x
Tue, 13 Jun 2023€80.2b€79.0b€3.2b21.8x24.8x1x
Price to Earnings Ratio

24.8x


Total Market Cap: €80.2bTotal Earnings: €3.2bTotal Revenue: €79.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Industrials Sector Price to Earnings3Y Average 26x202420252026
Current Industry PE
  • Investors are relatively neutral on the Dutch Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 26.0x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 4.4% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Dutch Industrials sector?

NL Market1.00%
Industrials-2.60%
Professional Services3.48%
Trade Distributors0.66%
Aerospace & Defense0%0
Commercial Services0%0
Logistics-0.67%
Construction-0.87%
Electrical-1.95%
Machinery-3.00%
Building-3.45%
Industry PE
  • Investors are most optimistic about the Machinery industry which is trading above its 3-year average PE ratio of 64.8x.
    • Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings decline of 16.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Professional Services industry is expected to see its earnings grow by 8.4% 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
WKL Wolters Kluwer€63.484.0%
+€550.7m		-59.2%PE10.9x
RAND Randstad€27.363.9%
+€179.0m		-25.1%PE17.4x
FUR Fugro€11.683.0%
+€37.9m		2.9%PS0.7x
IMCD IMCD€88.920.7%
+€34.2m		-24.2%PE24.1x
ARCAD Arcadis€35.361.0%
+€30.8m		-20.6%PE14.5x

Latest News

CSG
€14.89
CSG
7D
-17.2%
1Y
n/a
THEON
€31.36
Theon International
7D
-6.0%
1Y
2.0%
BAMNB
€10.84
Koninklijke BAM Groep
7D
-2.7%
1Y
46.3%
Narrative Update • Jun 05

BAMNB: Future Returns Will Rely On Dividend Strength And Earnings Momentum

The analyst fair value estimate for Koninklijke BAM Groep has moved from €9.48 to €11.23, reflecting updated expectations for earnings momentum that align with the recent upgrade to Outperform and a €13.50 price target from street analysts. What's in the News Koninklijke BAM Groep announced an annual dividend of €0.30 per share, scheduled to be paid on June 5, 2026.
RAND
€27.36
Randstad
7D
3.9%
1Y
-25.1%
Narrative Update • Jun 04

RAND: Future Margin Resilience Seen As LTM Deal And Downgrade Reset Expectations

Analysts have trimmed their price target on Randstad to about €50.55 from roughly €52.39, citing slightly more cautious assumptions on revenue growth and P/E multiples. This shift is partly reflected in a recent downgrade at Citi.
AALB
€38.18
Aalberts
7D
-2.7%
1Y
22.5%
Narrative Update • Jun 03

AALB: Share Buyback And Fast Growing Segments Will Shape A More Optimistic Outlook

Analysts have lifted the Aalberts fair value estimate from €40.94 to €41.95, citing updated assumptions on growth, margins and future P/E that reflect its rising exposure to what they describe as fast growing segments, as highlighted in recent Street research. Analyst Commentary Recent Street research on Aalberts focuses on how the business mix is shifting toward what are described as fast growing segments and how that might feed into valuation and execution risk.
ENVI
€4.38
Envipco Holding
7D
-7.7%
1Y
-30.1%
ARCAD
€35.36
Arcadis
7D
1.0%
1Y
-20.6%
LIGHT
€20.96
Signify
7D
0.7%
1Y
-2.7%
Narrative Update • Jun 02

LIGHT: Execution Risks And Higher Discount Rate Will Constrain Future Upside Potential

Analysts have reduced their average price target for Signify from €20.26 to €19.01, citing more cautious views reflected in recent bearish research, as well as a slightly higher assumed discount rate and P/E multiple, alongside softer expectations for revenue growth and margins. Analyst Commentary Recent research has tilted more cautious, with the latest reports highlighting both execution questions and valuation sensitivities around Signify.
TWEKA
€44.10
TKH Group
7D
-4.3%
1Y
17.7%
Narrative Update • Jun 01

TWEKA: Automation, Electrification And Dividend Policy Will Drive Future Share Repricing

Analysts have kept their fair value estimate for TKH Group steady at €60.00. A slightly higher discount rate, a revised revenue growth outlook, an updated profit margin assumption and a marginally lower future P/E feed into the updated price target narrative.
WKL
€63.48
Wolters Kluwer
7D
4.0%
1Y
-59.2%
FERGR
€7.88
Ferrari Group
7D
-5.2%
1Y
-9.2%
IMCD
€88.92
IMCD
7D
0.7%
1Y
-24.2%
Narrative Update • May 28

IMCD: Fading Middle East Tailwind Will Pressure Future Earnings And Returns

Analysts now see IMCD's fair value at about €76.79, up from €75.00. The shift reflects updated views on earnings potential and valuation following mixed research, including a downgrade to Underweight with a €75 target and a separate price target increase to €105.
ALFEN
€15.66
Alfen
7D
-6.3%
1Y
45.3%
AVTX
€8.82
Avantium
7D
1.6%
1Y
-38.8%
FUR
€11.68
Fugro
7D
3.0%
1Y
2.9%