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Serbian (BELEX) Industrials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies16
  • 7D4.1%
  • 3M4.2%
  • 1Y15.2%
  • YTD15.3%

Over the last 7 days, the Industrials industry has risen 4.0%, driven by gains from Aerodrom Nikola Tesla a.d of 4.5%. In the same time, PPT Armature a.d was down 14%. In the last 12 months, the industry was up 15%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Nov 2025дин91.7bдин29.8bдин2.5b9.6x36.9x3.1x
Mon, 27 Oct 2025дин92.7bдин28.9bдин2.4b10x38.6x3.2x
Wed, 24 Sep 2025дин93.3bдин28.6bдин1.1b37.4x84.8x3.3x
Fri, 22 Aug 2025дин92.9bдин28.6bдин1.1b37.4x84.5x3.3x
Sun, 20 Jul 2025дин94.1bдин28.6bдин941.0m37.4x100x3.3x
Tue, 17 Jun 2025дин93.1bдин28.6bдин941.0m35.1x99x3.3x
Thu, 15 May 2025дин91.5bдин25.6bдин637.8m34.5x143.5x3.6x
Sat, 12 Apr 2025дин88.1bдин28.8bдин684.2m10.6x128.7x3.1x
Mon, 10 Mar 2025дин81.2bдин28.8bдин684.2m9.4x118.6x2.8x
Wed, 05 Feb 2025дин83.8bдин28.8bдин684.2m10.2x122.5x2.9x
Fri, 03 Jan 2025дин83.5bдин28.5bдин664.7m9.9x125.7x2.9x
Sun, 01 Dec 2024дин84.0bдин27.4bдин463.7m13x181.2x3.1x
Tue, 29 Oct 2024дин86.1bдин28.6bдин476.9m12.3x180.6x3x
Thu, 26 Sep 2024дин82.5bдин28.6bдин516.5m9.3x159.7x2.9x
Sat, 24 Aug 2024дин82.9bдин28.6bдин516.5m8.9x160.4x2.9x
Mon, 22 Jul 2024дин80.0bдин29.3bдин475.4m9.6x168.3x2.7x
Wed, 19 Jun 2024дин82.0bдин28.2bдин464.0m9.2x176.8x2.9x
Fri, 17 May 2024дин82.0bдин31.2bдин223.3m8.9x367.1x2.6x
Sun, 14 Apr 2024дин82.3bдин27.6bдин334.9m21x245.9x3x
Tue, 12 Mar 2024дин79.8bдин27.6bдин334.9m21.1x238.4x2.9x
Thu, 08 Feb 2024дин77.6bдин26.0bдин302.7m31.9x256.4x3x
Sat, 06 Jan 2024дин77.5bдин28.6bдин278.8m8.9x278x2.7x
Mon, 04 Dec 2023дин80.6bдин28.6bдин278.8m9.1x288.9x2.8x
Wed, 01 Nov 2023дин79.7bдин28.6bдин234.9m8x339.1x2.8x
Fri, 29 Sep 2023дин83.5bдин28.9bдин210.6m8x396.3x2.9x
Sun, 27 Aug 2023дин86.0bдин30.9bдин504.0m9.1x170.6x2.8x
Tue, 25 Jul 2023дин87.8bдин31.0bдин601.6m8.7x146x2.8x
Thu, 22 Jun 2023дин86.5bдин32.6bдин551.9m9.6x156.7x2.7x
Sat, 20 May 2023дин86.1bдин32.2bдин969.5m7.8x88.8x2.7x
Mon, 17 Apr 2023дин82.9bдин32.0bдин834.8m6.1x99.3x2.6x
Wed, 15 Mar 2023дин81.1bдин32.0bдин834.8m6.2x97.2x2.5x
Fri, 10 Feb 2023дин77.5bдин32.0bдин834.8m5.9x92.9x2.4x
Sun, 08 Jan 2023дин72.1bдин30.8bдин778.2m7x92.7x2.3x
Tue, 06 Dec 2022дин67.8bдин30.9bдин778.2m7.8x87.1x2.2x
Price to Earnings Ratio

87.1x


Total Market Cap: дин67.8bTotal Earnings: дин778.2mTotal Revenue: дин30.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Serbian Industrials Sector Price to Earnings3Y Average 161.8x202320242025
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 36.9x which is lower than its 3-year average PE of 162x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
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 Market1.53%
Industrials4.08%
Machinery6.53%
Transportation5.15%
Infrastructure4.50%
Construction0.12%
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
AERO Aerodrom Nikola Tesla a.dдин2.30k4.5%
+дин3.5b		15.0%PE125.1x
GFOM Gosa Fom a.dдин1.80k9.0%
+дин203.9m		-8.6%PE5.9x
BASB Beogradska Autobuska Stanica a.dдин1.52k26.3%
+дин98.0m		51.5%n/a
ENHL Energoprojekt Holding a.dдин484.000.2%
+дин10.8m		29.1%PE3.9x
JESV MPP Jedinstvo a.dдин8.40k0.04%
+дин643.5k		2.5%PE79.6x

Latest News

PPTA
дин370.00
PPT Armature a.d
7D
-14.0%
1Y
-38.3%
JESV
дин8,402.00
MPP Jedinstvo a.d
7D
0.04%
1Y
2.5%
GFOM
дин1,800.00
Gosa Fom a.d
7D
9.0%
1Y
-8.6%

Cautious Investors Not Rewarding Gosa Fom a.d.'s (BELEX:GFOM) Performance Completely

Aug 07
Cautious Investors Not Rewarding Gosa Fom a.d.'s (BELEX:GFOM) Performance Completely
AERO
дин2,299.00
Aerodrom Nikola Tesla a.d
7D
4.5%
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
дин484.00
Energoprojekt Holding a.d
7D
0.2%
1Y
29.1%