Home Compare KRN.DE vs LDO.MI
Stock Comparison · Valuation-led comparison

Krones vs Leonardo S.p.a.: Which Stock Looks Stronger in 2026?

Krones leads structurally, with valuation as the clearest single gap between the two profiles. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (KRN.DE: HDAX, LDO.MI: STOXX 600).

Updated 2026-05-17

Valuation still does most of the heavy lifting in this comparison. The overall score gap is 9 points in favour of Krones AG.

Trajectory Similarity
0.78
Similar
Peer-set rank: #10
within Krones AG's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The strongest overlap appears in margin consistency and investment intensity.

Similarity drivers
margin consistencyinvestment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
KRN.DE
Krones AG
56
Peer-Score
Signal qualitylow
Peer basis: HDAX
vs
LDO.MI
Leonardo S.p.a.
47
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: KRN.DE vs LDO.MI Profitability 52 49 Stability 44 49 Valuation 87 59 Growth 26 22 KRN.DE LDO.MI
Gap Ranking
#1 Valuation +28
#2 Stability +5
#3 Growth +4
#4 Profitability +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for KRN.DE and LDO.MI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer KRN.DELDO.MI Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for Krones AG.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where KRN.DE and LDO.MI each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY KRN.DE Neutral · below norm 0th 50th 100th 24 pct gap LDO.MI Elevated · above norm 0th 50th 100th 63rd 87th
Today KRN.DE sits in the upper-middle of its own 5-year history (63rd percentile), while LDO.MI sits higher in its own history (87th). Within each stock's own 5-year context, KRN.DE is at a historically more favourable entry position than LDO.MI. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Krones AG still holds a clear edge.
Valuation — Dominant Gap
KRN.DE
87
LDO.MI
59
Gap+28in favour of KRN.DE

The multiple-based pricing edge comes from a forward P/E that is 7.8 turns lower.

What keeps the gap from being one-sided

Leonardo S.p.a. still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

Valuation is still the cleanest way to understand the lead here.

Explore full peer positioning in AssetNext

Break down the KRN.DE vs LDO.MI comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how KRN.DE and LDO.MI each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.