Home Compare MTX.DE vs RHM.DE
Stock Comparison · Industry comparison · Aerospace & Defense

MTU Aero Engines vs Rheinmetall: Which Stock Looks Stronger in 2026?

MTU Aero Engines leads structurally, with valuation as the clearest single gap between the two profiles. Rheinmetall still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — MTU Aero Engines holds the more constructive position. That puts structure and market broadly in agreement — MTU Aero Engines's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the DAX 40 universe, making them directly comparable.

Updated 2026-07-05

Most of the separation is still concentrated in valuation. MTU Aero Engines AG leads by 9 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Aerospace & Defense

This comparison is based on industry proximity, not on functional trajectory similarity. MTX.DE and RHM.DE share the same industry classification.

For a similarity-based comparison, see how MTU Aero Engines and Rheinmetall each position within their functional peer groups in AssetNext.

Peer-Relative Score
MTX.DE
MTU Aero Engines AG
53
Peer-Score
Signal qualityHigh
Peer basis: DAX 40
vs
RHM.DE
Rheinmetall AG
44
Peer-Score
Signal qualitylow
Peer basis: DAX 40

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: MTX.DE vs RHM.DE Profitability 62 58 Stability 38 54 Valuation 71 30 Growth 30 35 MTX.DE RHM.DE
Gap Ranking
#1 Valuation +41
#2 Stability +16
#3 Growth +5
#4 Profitability +4
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MTX.DE and RHM.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MTX.DERHM.DE Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Rheinmetall AG.

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

Entry today — historical context

Where MTX.DE and RHM.DE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY MTX.DE Elevated · below norm 0th 50th 100th 22 pct gap RHM.DE Elevated · near norm 0th 50th 100th 96th 74th
Today RHM.DE sits in the upper-middle of its own 5-year history (74th percentile), while MTX.DE sits higher in its own history (96th). Within each stock's own 5-year context, RHM.DE is at a historically more favourable entry position than MTX.DE. 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
MTU Aero Engines AG ranks near the top of the group on valuation; Rheinmetall AG sits in the weaker half.
Stability
On stability, Rheinmetall AG is positioned higher in the group, while MTU Aero Engines AG is closer to the middle.
Valuation — Dominant Gap
MTX.DE
71
RHM.DE
30
Gap+41in favour of MTX.DE

The multiple-based pricing edge comes from a trailing P/E that is 29 turns lower.

What keeps the gap from being one-sided

Rheinmetall AG still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The valuation edge is decisive, even though current pricing and stability still lean somewhat toward Rheinmetall AG.

Explore full peer positioning in AssetNext

Break down the MTX.DE vs RHM.DE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-driven comparisons

Explore how MTX.DE and RHM.DE 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.