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German maker of industrial pumps and valves used in water supply, energy, building services and process industries.
German maker of industrial pumps and valves used in water supply, energy, building services and process industries.
Sells pumps and valves both for new plants and as spare parts and repair work on equipment already installed, and the installed base gives a recurring flow of service business that is less cyclical than new projects. Water and energy projects are large buyers of the new-build equipment.
In one line: A German Flowserve/Xylem for pumps and valves.
Moat: narrow (process know-how, installed base, switching costs). Broad engineered-pump/valve portfolio with global service network, but a mature, competitive capital-goods market.
Headquarters: Frankenthal, Germany · Founded: 1871 · Employees: 16,838
Size KSB SE & Co. KGaA (KSB.DE) is a Germany Industrials company (Industrial Machinery) with a market value of $1.63B, the 120th largest of 205 Germany companies the cockpit tracks. Shares closed at €830.00 on 6 Nov 2026.
Performance Over six months the shares fell 3.0%, against -15.6% for the median peer and +2.6% for the Germany market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 1.7% over the last twelve months (peer median +13.5%); the operating margin is 6.8% (peer median 8.6%).
Valuation It trades at 10.3× forward earnings against a peer median of 22.7× (2nd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (7.1% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.04B | €3.03B | €2.97B | €2.82B | €2.57B |
| Revenue growth | — | +2% | +5% | +10% | — |
| Gross profit | €626M | €645M | €656M | €611M | €499M |
| EBITDA | €304M | €324M | €328M | €306M | €252M |
| Net income | €131M | €141M | €118M | €152M | €104M |
| Free cash flow | €17.8M | €39.8M | €130M | €170M | -€104M |
| Capital expenditure | €158M | €154M | €135M | €106M | €102M |
| Total debt | n/a | €61.1M | €58.3M | €54.5M | €50.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| KSB SE & Co. KGaA KSB.DE | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
| Xylem XYL | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% |
| Sulzer SUN.SW | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KSB.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.2% | -8.5% | 3rd highest of 21 |
| 6-month return | -3.0% | -15.6% | 6th highest of 21 |
| Distance from 52-week high | -38.1% | -43.7% | 8th highest of 21 |
| Revenue growth (TTM) | +1.7% | +13.5% | 6th lowest of 21 |
| Operating margin | 6.8% | 8.6% | 7th lowest of 21 |
| Forward P/E | 10.3× | 22.7× | 2nd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -3.2% | 8.7% | 2nd least demanding of 16 |
| Growth delivered (Del g) | +6.6% | +11.5% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | -9.7 pp | -3.8 pp | 3rd least demanding of 16 |
| ROIC minus cost of capital | +2.5 pp | -0.9 pp | 7th highest of 21 |
| EV / EBITDA | 5.0× | 11.0× | cheapest of 9 |
| Net debt / EBITDA | -0.6× | -0.8× | 4th most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% | +6.6% |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 26.4× | 10.6% | +35.1% |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 17.5× | 9.2% | +6.8% |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 71.0× | n/a | n/a |
| Harbin Boshi Automation 002698.SZ | China | $1.66B | -15% | -2% | 18% | 19.3× | 5.3% | +9.1% |
| Triveni Turbine TRITURBINE.NS | India | $1.66B | -14% | +18% | 17% | 42.5× | 45.8% | +25.4% |
| Psk 319660.KS | South Korea | $1.66B | -12% | +32% | 25% | 14.4× | 6.1% | +11.5% |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Shanghai Hanbell Precise Machinery 002158.SZ | China | $1.67B | -24% | -5% | 15% | 19.3× | 16.3% | +5.2% |
| Tsubakimoto Chain 6371.T | Japan | $1.68B | +7% | +20% | 8% | 10.3× | 2.0% | +8.9% |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| ATS ATS.TO | Canada | $1.68B | -49% | +7% | 6% | 15.9× | 8.7% | +15.8% |
| Volution FAN.L | United Kingdom | $1.68B | +7% | +16% | 20% | 15.7× | 13.7% | +12.2% |
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | n/a | 8.6% | +13.1% |
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 39.3× | 28.7% | +15.2% |
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 10.4× | n/a | n/a |