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Belgian (BEL20) Tech Sector Analysis
UpdatedApr 06, 2026
DataAggregated Company Financials
Companies7
- 7D3.0%
- 3M-12.6%
- 1Y1.0%
- YTD-10.9%
Over the last 7 days, the Tech industry has risen 3.0%, driven by gains from Melexis of 6.1%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 14% per annum.
Sector Valuation and Performance
Has the Belgian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 06 Apr 2026 | €4.0b | €5.1b | €250.2m | 12.2x | 15.8x | 0.8x |
| Wed, 04 Mar 2026 | €4.1b | €5.1b | €240.1m | 12.1x | 17.2x | 0.8x |
| Fri, 30 Jan 2026 | €4.7b | €5.0b | €218.1m | 12.7x | 21.4x | 0.9x |
| Sun, 28 Dec 2025 | €4.4b | €5.0b | €218.3m | 12.8x | 20.1x | 0.9x |
| Tue, 25 Nov 2025 | €4.1b | €5.0b | €218.6m | 12.9x | 18.8x | 0.8x |
| Thu, 23 Oct 2025 | €4.8b | €5.0b | €242.1m | 14x | 19.6x | 0.9x |
| Sat, 20 Sep 2025 | €5.0b | €5.0b | €242.0m | 14x | 20.7x | 1x |
| Mon, 18 Aug 2025 | €5.0b | €5.0b | €247.2m | 12.1x | 20.4x | 1x |
| Wed, 16 Jul 2025 | €5.2b | €5.0b | €244.5m | 11.3x | 21.2x | 1x |
| Fri, 13 Jun 2025 | €5.1b | €5.0b | €244.5m | 11.6x | 20.7x | 1x |
| Sun, 11 May 2025 | €4.5b | €5.0b | €245.4m | 11.8x | 18.5x | 0.9x |
| Tue, 08 Apr 2025 | €3.9b | €5.0b | €267.7m | 10.5x | 14.6x | 0.8x |
| Thu, 06 Mar 2025 | €4.5b | €5.0b | €269.3m | 12.4x | 16.7x | 0.9x |
| Sat, 01 Feb 2025 | €4.4b | €5.2b | €285.4m | 11.5x | 15.2x | 0.8x |
| Mon, 30 Dec 2024 | €4.3b | €5.2b | €285.3m | 11.2x | 15.2x | 0.8x |
| Wed, 27 Nov 2024 | €4.4b | €5.2b | €286.4m | 11x | 15.2x | 0.8x |
| Fri, 25 Oct 2024 | €5.0b | €5.2b | €290.1m | 12.1x | 17.3x | 1x |
| Sun, 22 Sep 2024 | €5.3b | €5.2b | €289.6m | 12.5x | 18.2x | 1x |
| Tue, 20 Aug 2024 | €5.5b | €5.2b | €286.1m | 13x | 19.2x | 1.1x |
| Thu, 18 Jul 2024 | €5.7b | €5.2b | €312.8m | 12.1x | 18.1x | 1.1x |
| Sat, 15 Jun 2024 | €5.5b | €5.2b | €312.5m | 11.9x | 17.8x | 1.1x |
| Mon, 13 May 2024 | €5.9b | €5.2b | €316.9m | 13.6x | 18.5x | 1.1x |
| Wed, 10 Apr 2024 | €5.6b | €5.2b | €316.0m | 13.3x | 17.8x | 1.1x |
| Fri, 08 Mar 2024 | €5.9b | €5.2b | €315.2m | 13.9x | 18.8x | 1.1x |
| Sun, 04 Feb 2024 | €5.8b | €5.3b | €358.1m | 13.1x | 16.2x | 1.1x |
| Tue, 02 Jan 2024 | €6.4b | €5.3b | €357.8m | 13.9x | 17.8x | 1.2x |
| Thu, 30 Nov 2023 | €6.1b | €5.3b | €357.9m | 13.4x | 16.9x | 1.1x |
| Sat, 28 Oct 2023 | €5.2b | €5.3b | €357.9m | 11.4x | 14.6x | 1x |
| Mon, 25 Sep 2023 | €6.2b | €5.2b | €351.8m | 13.5x | 17.7x | 1.2x |
| Wed, 23 Aug 2023 | €6.6b | €5.2b | €354.9m | 14.5x | 18.6x | 1.3x |
| Fri, 21 Jul 2023 | €6.8b | €5.1b | €360.1m | 15.3x | 19x | 1.3x |
| Sun, 18 Jun 2023 | €7.2b | €5.1b | €349.5m | 14.5x | 20.6x | 1.4x |
| Tue, 16 May 2023 | €7.0b | €5.1b | €347.7m | 14.5x | 20.1x | 1.4x |
| Thu, 13 Apr 2023 | €7.7b | €5.0b | €354.1m | 16.2x | 21.7x | 1.5x |
Price to Earnings Ratio
21.7x
Current Industry PE
- Investors are pessimistic on the Belgian Information Technology 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 15.8x which is lower than its 3-year average PE of 18.3x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.78x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 11% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Belgian Tech sector?
| BE Market | 4.17% | |
| Tech | 2.95% | |
| Semiconductors | 6.08% | |
| Communications | 3.37% | |
| Software | 0.36% | |
| IT | -1.41% | |
| Electronic Equipment and Components | -2.49% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 16.6x.
- Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 34.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 47% over the next 5 years.
- In contrast, the Communications industry is expected to see its earnings grow by 6.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MELE Melexis | €54.05 | 6.1% +€122.3m | 17.1% | PE19.1x | |
| EVS EVS Broadcast Equipment | €33.75 | 3.4% +€14.7m | 0.3% | PE11.7x | |
| PAY Payton Planar Magnetics | €6.90 | 3.0% +€3.5m | -1.4% | PE12.7x | |
| HYSG Hybrid Software Group | €3.86 | 1.6% +€1.9m | 10.3% | PE29.8x |
