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Serbian (BELEX) Industrials Sector Analysis

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies15
  • 7D4.3%
  • 3M4.1%
  • 1Y14.8%
  • YTD15.4%

Over the last 7 days, the Industrials industry has risen 4.3%, driven by gains from Energoprojekt Holding a.d of 1.0%. This takes the industry's 12 month performance to a gain of 15%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025дин95.5bдин29.8bдин2.5b8.9x38.4x3.2x
Sat, 01 Nov 2025дин94.4bдин28.9bдин2.4b9.7x39.3x3.3x
Mon, 29 Sep 2025дин93.3bдин28.6bдин1.1b37.3x84.8x3.3x
Wed, 27 Aug 2025дин93.0bдин28.6bдин1.1b37.4x84.5x3.3x
Fri, 25 Jul 2025дин93.7bдин28.6bдин941.0m36.7x99.6x3.3x
Sun, 22 Jun 2025дин92.4bдин28.6bдин941.0m35.7x98.2x3.2x
Tue, 20 May 2025дин91.4bдин25.6bдин637.8m34.5x143.3x3.6x
Thu, 17 Apr 2025дин91.4bдин28.5bдин664.7m8x137.4x3.2x
Sat, 15 Mar 2025дин81.1bдин28.8bдин684.2m9.4x118.6x2.8x
Mon, 10 Feb 2025дин83.9bдин28.8bдин684.2m9.7x122.7x2.9x
Wed, 08 Jan 2025дин83.5bдин28.5bдин664.7m9.9x125.7x2.9x
Fri, 06 Dec 2024дин84.4bдин27.4bдин463.7m13x182x3.1x
Sun, 03 Nov 2024дин85.8bдин29.4bдин716.1m11.7x119.9x2.9x
Tue, 01 Oct 2024дин81.9bдин28.6bдин516.5m9.2x158.6x2.9x
Thu, 29 Aug 2024дин82.3bдин28.6bдин516.5m8.7x159.4x2.9x
Sat, 27 Jul 2024дин80.1bдин29.3bдин475.4m9.7x168.5x2.7x
Mon, 24 Jun 2024дин82.4bдин28.2bдин464.0m9.6x177.5x2.9x
Wed, 22 May 2024дин81.9bдин31.2bдин223.3m9.2x366.9x2.6x
Fri, 19 Apr 2024дин81.0bдин27.6bдин334.9m20.8x241.9x2.9x
Sun, 17 Mar 2024дин78.8bдин27.6bдин334.9m21x235.4x2.9x
Tue, 13 Feb 2024дин77.3bдин26.0bдин302.7m31.9x255.4x3x
Thu, 11 Jan 2024дин77.5bдин28.6bдин278.8m8.9x278x2.7x
Sat, 09 Dec 2023дин77.8bдин28.6bдин278.8m9.1x278.9x2.7x
Mon, 06 Nov 2023дин79.8bдин28.6bдин234.9m8x339.6x2.8x
Wed, 04 Oct 2023дин83.5bдин28.6bдин234.9m8x355.4x2.9x
Fri, 01 Sep 2023дин85.8bдин30.9bдин504.0m9.1x170.2x2.8x
Sun, 30 Jul 2023дин88.1bдин31.0bдин601.6m9.6x146.5x2.8x
Tue, 27 Jun 2023дин87.8bдин32.6bдин589.3m9.6x148.9x2.7x
Thu, 25 May 2023дин85.7bдин32.5bдин938.2m8.2x91.3x2.6x
Sat, 22 Apr 2023дин82.9bдин32.0bдин834.8m6.1x99.3x2.6x
Mon, 20 Mar 2023дин81.2bдин32.0bдин834.8m6.2x97.3x2.5x
Wed, 15 Feb 2023дин77.3bдин32.0bдин834.8m5.9x92.6x2.4x
Fri, 13 Jan 2023дин72.5bдин30.8bдин778.2m7.6x93.2x2.4x
Sun, 11 Dec 2022дин68.1bдин30.8bдин778.2m7.8x87.5x2.2x
Price to Earnings Ratio

87.5x


Total Market Cap: дин68.1bTotal Earnings: дин778.2mTotal Revenue: дин30.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Serbian Industrials Sector Price to Earnings3Y Average 161.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Serbian 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 38.4x which is lower than its 3-year average PE of 162x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 47% 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 Serbian Industrials sector?

RS Market1.78%
Industrials4.26%
Machinery8.27%
Transportation5.15%
Infrastructure4.55%
Construction1.01%
Building0%0
Electrical0%0
Industrials0%0
Trade Distributors0%0
Commercial Services0%0
Professional Services0%0
Marine and Shipping0%0
Industry PE
  • Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 1kx.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ENHL Energoprojekt Holding a.dдин486.001.0%
+дин54.2m		18.5%PE3.9x
AERO Aerodrom Nikola Tesla a.dдин2.30k0.04%
+дин35.0m		15.0%PE125.2x
BASB Beogradska Autobuska Stanica a.dдин1.52k2.4%
+дин10.9m		51.5%n/a

Latest News

JESV
дин8,300.00
MPP Jedinstvo a.d
7D
-1.2%
1Y
1.2%
AERO
дин2,300.00
Aerodrom Nikola Tesla a.d
7D
0.04%
1Y
15.0%

The Strong Earnings Posted By Aerodrom Nikola Tesla a.d (BELEX:AERO) Are A Good Indication Of The Strength Of The Business

Aug 06
The Strong Earnings Posted By Aerodrom Nikola Tesla a.d (BELEX:AERO) Are A Good Indication Of The Strength Of The Business
ENHL
дин486.00
Energoprojekt Holding a.d
7D
1.0%
1Y
18.5%