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

Dutch (AEX) Industrials Sector Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies24
  • 7D-2.5%
  • 3M-8.5%
  • 1Y-29.6%
  • YTD2.5%

Over the last 7 days, the Industrials industry has dropped 2.5%, driven by Wolters Kluwer declining 2.9%. The industry has fallen 30% in the last year. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026€57.5b€71.0b€2.8b20.8x20.8x0.8x
Sat, 13 Dec 2025€55.6b€71.1b€2.8b20.6x20.1x0.8x
Mon, 10 Nov 2025€56.6b€71.1b€2.8b18.4x20.4x0.8x
Wed, 08 Oct 2025€64.5b€71.1b€2.8b20.4x22.7x0.9x
Fri, 05 Sep 2025€62.3b€71.1b€2.9b20.5x21.8x0.9x
Sun, 03 Aug 2025€69.8b€70.9b€2.8b20.2x24.8x1x
Tue, 01 Jul 2025€74.9b€71.1b€2.9b18.7x25.6x1.1x
Thu, 29 May 2025€79.3b€71.1b€2.9b18.9x27.1x1.1x
Sat, 26 Apr 2025€75.2b€71.0b€3.0b17.4x25.3x1.1x
Mon, 24 Mar 2025€75.8b€71.2b€2.9b20.2x26x1.1x
Wed, 19 Feb 2025€87.7b€70.8b€3.1b20x28.7x1.2x
Fri, 17 Jan 2025€83.9b€70.6b€3.4b17.8x25x1.2x
Sun, 15 Dec 2024€83.3b€70.6b€3.4b18.4x24.8x1.2x
Tue, 12 Nov 2024€84.5b€70.5b€3.5b18.2x24.1x1.2x
Thu, 10 Oct 2024€83.3b€70.8b€3.4b17.4x24.5x1.2x
Sat, 07 Sep 2024€80.9b€70.6b€3.3b16.9x24.2x1.1x
Mon, 05 Aug 2024€79.7b€70.6b€3.4b15.2x23.4x1.1x
Wed, 03 Jul 2024€81.9b€70.4b€3.4b16.8x24.3x1.2x
Fri, 31 May 2024€83.7b€70.3b€3.3b21.1x25x1.2x
Sun, 28 Apr 2024€80.6b€70.0b€3.3b15.3x24.4x1.2x
Tue, 26 Mar 2024€82.6b€70.7b€3.4b16x24.4x1.2x
Thu, 22 Feb 2024€79.4b€69.8b€2.2b15.2x35.8x1.1x
Sat, 20 Jan 2024€85.9b€76.8b€2.7b16x31.3x1.1x
Mon, 18 Dec 2023€86.7b€76.8b€2.7b16.8x31.6x1.1x
Wed, 15 Nov 2023€80.4b€76.8b€2.7b16.2x29.3x1x
Fri, 13 Oct 2023€77.7b€77.7b€2.8b20.5x27.9x1x
Sun, 10 Sep 2023€78.4b€77.6b€2.8b21.1x28.1x1x
Tue, 08 Aug 2023€79.8b€77.8b€2.9b19.6x27.9x1x
Thu, 06 Jul 2023€77.9b€77.2b€3.1b22x25.1x1x
Sat, 03 Jun 2023€78.5b€77.2b€3.1b21.7x25.3x1x
Mon, 01 May 2023€75.8b€75.6b€3.1b21x24.8x1x
Wed, 29 Mar 2023€74.8b€75.7b€3.1b20.9x24x1x
Fri, 24 Feb 2023€74.2b€72.3b€3.8b20x19.5x1x
Sun, 22 Jan 2023€71.8b€71.7b€3.8b19.9x19x1x
Price to Earnings Ratio

19x


Total Market Cap: €71.8bTotal Earnings: €3.8bTotal Revenue: €71.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Industrials Sector Price to Earnings3Y Average 25.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Dutch Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.8x which is lower than its 3-year average PE of 25.2x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 9.8% 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 Dutch Industrials sector?

NL Market1.68%
Industrials-2.49%
Trade Distributors2.63%
Commercial Services0.98%
Aerospace & Defense0%0
Building-1.47%
Construction-2.03%
Professional Services-3.03%
Electrical-3.48%
Logistics-4.03%
Machinery-4.69%
Industry PE
  • Investors are most optimistic about the Logistics industry which is trading above its 3-year average PE ratio of 18.9x.
    • Analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings decline of 18.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Trade Distributors industry is expected to see its earnings grow by 6.7% 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
IMCD IMCD€80.884.8%
+€218.4m		-42.5%PE17.9x
ARCAD Arcadis€37.783.9%
+€122.0m		-32.4%PE13.6x
AALB Aalberts€30.183.7%
+€116.8m		-9.2%PE21.7x
FUR Fugro€9.607.7%
+€76.2m		-43.4%PE8x
THEON Theon International€31.652.1%
+€51.1m		129.3%PE34.2x

Latest News

ENVI
€4.48
Envipco Holding
7D
-13.5%
1Y
-15.5%
WKL
€88.00
Wolters Kluwer
7D
-2.4%
1Y
-48.2%
LIGHT
€21.46
Signify
7D
1.4%
1Y
-0.7%

Signify N.V. (AMS:LIGHT) Shares Could Be 49% Below Their Intrinsic Value Estimate

Jan 13
Signify N.V. (AMS:LIGHT) Shares Could Be 49% Below Their Intrinsic Value Estimate
BAMNB
€9.39
Koninklijke BAM Groep
7D
-0.4%
1Y
124.1%

BAMNB: Index Inclusion And Steady Assumptions Will Shape Balanced Outlook

Analysts have made only a very slight adjustment to their price target for Koninklijke BAM Groep, keeping fair value unchanged at €8.83 while fine tuning discount rate and future P/E assumptions. This signals that their overall view on the shares is broadly steady.
TWEKA
€37.54
TKH Group
7D
1.8%
1Y
9.0%

TWEKA: Unchanged Fair Value And Stable Margins Will Support Future Returns

Analysts have held their fair value estimate for TKH Group steady at €49.40. They made small tweaks to assumptions such as the discount rate and future P/E to support the unchanged price target.
AALB
€30.18
Aalberts
7D
3.7%
1Y
-9.2%

AALB: Higher Profitability Assumptions Will Support Medium Term Upside

Analysts now see Aalberts' fair value holding at €37.75. Small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions refine their price target rationale rather than materially shifting it.
THEON
€31.65
Theon International
7D
2.1%
1Y
129.3%
INPST
€13.48
InPost
7D
-3.7%
1Y
-16.6%

INPST: Parcel Locker Scale And Execution Will Drive Future Margin Upside

Narrative Update on InPost The updated analyst price target for InPost moves modestly higher to about €16.53 from €16.28. Recent Street research, including a cut in one bank's target to €15.20 with an Overweight stance, suggests analysts are fine tuning assumptions around discount rates, fair value and future P/E rather than changing their broader view on the stock.
ARCAD
€37.78
Arcadis
7D
3.9%
1Y
-32.4%
FUR
€9.60
Fugro
7D
7.7%
1Y
-43.4%

FUR: Index Removal And Weaker Outlook Will Pressure Future Share Performance

Analysts have lowered their fair value estimate for Fugro from €10.32 to €7.50, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E multiples. What's in the News Fugro N.V. has been removed from the Euronext 150 Index.
RAND
€30.45
Randstad
7D
-3.0%
1Y
-23.8%

RAND: Future Upside Will Depend On Stable Margins And Undervalued Earnings Multiple

Analysts have kept their fair value estimate for Randstad steady at €40.21 per share, with only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E inputs, suggesting their overall price target framework is essentially unchanged. Valuation Changes Fair Value: Unchanged at €40.21 per share, indicating no adjustment to the core valuation outcome.
IMCD
€80.88
IMCD
7D
4.8%
1Y
-42.5%

IMCD: Share Pullback Will Set Up Upside Following New Outperform Coverage

Analysts have trimmed their fair value estimate for IMCD from €127.18 to €126.46, reflecting slightly softer assumptions for revenue growth and profit margin, even as some recent research, including new Outperform coverage, points to potential upside after the recent share pullback. Analyst Commentary Bullish Takeaways Bullish analysts view the recent share pullback as creating a more appealing entry point relative to their updated fair value and the new $72.50 price target.
HEIJM
€69.90
Koninklijke Heijmans
7D
-0.9%
1Y
128.8%

With EPS Growth And More, Koninklijke Heijmans (AMS:HEIJM) Makes An Interesting Case

Jan 03
With EPS Growth And More, Koninklijke Heijmans (AMS:HEIJM) Makes An Interesting Case
FERGR
€9.88
Ferrari Group
7D
3.9%
1Y
n/a