Header cover image

German (DAX) Tech Sector Analysis

UpdatedDec 02, 2023
DataAggregated Company Financials
Companies134
  • 7D3.8%
  • 3M10.4%
  • 1Y25.3%
  • YTD36.4%

Over the last 7 days, the Tech industry has risen 2.4%, driven by gains from SAP of 4.0%. This takes the industry's 12 month performance to a gain of 24%. Looking forward, earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

Has the German Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Dec 2023€271.0b€80.3b€6.7b19.5x40.6x3.4x
Mon, 30 Oct 2023€231.4b€79.7b€6.7b19.6x34.4x2.9x
Wed, 27 Sep 2023€230.2b€79.5b€6.3b18.9x36.7x2.9x
Fri, 25 Aug 2023€241.7b€79.4b€6.3b19.5x38.5x3x
Sun, 23 Jul 2023€243.1b€78.0b€5.9b21.4x41.2x3.1x
Tue, 20 Jun 2023€249.9b€77.7b€6.3b23.8x39.6x3.2x
Thu, 18 May 2023€239.6b€77.4b€6.4b23.4x37.5x3.1x
Sat, 15 Apr 2023€235.7b€75.5b€6.6b24.7x35.6x3.1x
Mon, 13 Mar 2023€226.4b€75.0b€6.6b24.5x34.2x3x
Wed, 08 Feb 2023€228.7b€74.8b€6.6b25.3x34.6x3.1x
Fri, 06 Jan 2023€203.3b€73.4b€7.3b24x27.9x2.8x
Sun, 04 Dec 2022€205.5b€67.7b€7.1b23.5x29.1x3x
Tue, 01 Nov 2022€184.4b€71.5b€7.0b21x26.3x2.6x
Thu, 29 Sep 2022€168.5b€70.1b€7.7b19.2x21.9x2.4x
Sat, 27 Aug 2022€179.9b€69.9b€7.4b22.7x24.3x2.6x
Mon, 25 Jul 2022€189.8b€67.4b€8.1b22.5x23.5x2.8x
Wed, 22 Jun 2022€185.8b€67.3b€7.9b22.3x23.6x2.8x
Fri, 20 May 2022€190.7b€61.9b€7.6b22.5x25x3.1x
Sun, 17 Apr 2022€208.4b€65.0b€7.8b25.9x26.7x3.2x
Tue, 15 Mar 2022€214.6b€66.5b€7.9b25.1x27.3x3.2x
Thu, 10 Feb 2022€238.9b€66.1b€7.8b28.6x30.6x3.6x
Sat, 08 Jan 2022€266.5b€65.1b€8.1b32.4x32.8x4.1x
Mon, 06 Dec 2021€261.2b€65.4b€8.1b30x32.3x4x
Wed, 03 Nov 2021€283.7b€65.6b€7.7b34.8x36.6x4.3x
Fri, 01 Oct 2021€262.6b€65.2b€7.8b34.2x33.5x4x
Sun, 29 Aug 2021€269.2b€67.5b€8.2b32.5x32.9x4x
Mon, 05 Jul 2021€252.7b€67.5b€8.2b29.4x30.9x3.7x
Thu, 08 Apr 2021€228.9b€65.4b€7.4b31.2x31.1x3.5x
Sun, 10 Jan 2021€226.6b€64.2b€7.0b31.2x32.4x3.5x
Price to Earnings Ratio

33x


Total Market Cap: €215.6bTotal Earnings: €6.5bTotal Revenue: €62.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Tech Sector Price to Earnings3Y Average 32x202120222023
Current Industry PE
  • Investors are optimistic on the German Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.2x which is higher than its 3-year average PE of 32.0x.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 8.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the German Tech sector?

DE Market1.41%
Tech3.83%
Semiconductors6.54%
Electronic Equipment and Components4.45%
Software3.54%
Communications0.58%
IT-2.11%
Tech Hardware-9.42%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 41.9x.
    • Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings growth of 4.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 113% over the next 5 years.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 6.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SAP SAP€146.704.0%
+€6.5b
37.8%PE85x
IFX Infineon Technologies€36.147.2%
+€3.2b
12.6%PE15.1x
AIXA AIXTRON€33.879.5%
+€329.3m
8.9%PE28.5x
JEN Jenoptik€26.149.2%
+€125.9m
-5.9%PE21.3x
ELG Elmos Semiconductor€79.306.3%
+€80.5m
26.5%PE14.5x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

COK

€27.10

Cancom

7D

-1.2%

1Y

-11.4%

TMV

€13.30

TeamViewer

7D

-0.7%

1Y

4.3%

YSN

€141.00

secunet Security Networks

7D

-3.7%

1Y

-38.6%

AOF

€222.00

ATOSS Software

7D

2.5%

1Y

47.2%

JEN

€26.14

Jenoptik

7D

9.2%

1Y

-5.9%

SANT

€21.74

Kontron

7D

-3.5%

1Y

34.9%

TPE

€19.78

PVA TePla

7D

8.8%

1Y

3.3%

NEM

€79.20

Nemetschek

7D

-0.9%

1Y

57.5%

JY0

€76.50

ParTec

7D

-14.0%

1Y

n/a

NB2

€24.60

Northern Data

7D

7.0%

1Y

214.8%