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German (DAX) Tech Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies120
  • 7D-0.3%
  • 3M-9.9%
  • 1Y-0.4%
  • YTD-7.7%

The Tech is pretty flat in the last 7 days, but Infineon Technologies has stood out, gaining 7.9%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025€346.8b€80.3b€9.1b23.5x38x4.3x
Mon, 13 Oct 2025€358.8b€80.6b€8.5b27.5x42.2x4.5x
Wed, 10 Sep 2025€359.0b€80.5b€8.5b26.5x42.3x4.5x
Fri, 08 Aug 2025€394.9b€80.6b€8.6b28.7x45.7x4.9x
Sun, 06 Jul 2025€397.4b€79.6b€7.9b27.2x50.4x5x
Tue, 03 Jun 2025€403.5b€80.8b€7.8b26.6x51.9x5x
Thu, 01 May 2025€384.8b€81.0b€8.1b20.3x47.5x4.8x
Sat, 29 Mar 2025€376.8b€81.1b€5.5b19.1x68.9x4.6x
Mon, 24 Feb 2025€415.4b€79.6b€5.5b16.8x74.9x5.2x
Wed, 22 Jan 2025€388.8b€78.7b€5.5b19.2x70.2x4.9x
Fri, 20 Dec 2024€359.9b€78.9b€5.5b19.6x65.2x4.6x
Sun, 17 Nov 2024€335.7b€79.3b€5.6b19.3x59.6x4.2x
Tue, 15 Oct 2024€327.1b€78.4b€5.8b18.7x56.2x4.2x
Thu, 12 Sep 2024€307.2b€78.4b€5.8b18.5x52.7x3.9x
Sat, 10 Aug 2024€307.7b€79.5b€5.8b18.8x52.6x3.9x
Mon, 08 Jul 2024€312.9b€78.1b€6.5b19.7x48.3x4x
Wed, 05 Jun 2024€291.1b€78.6b€6.3b19x46x3.7x
Fri, 03 May 2024€285.1b€79.5b€6.9b17.5x41.2x3.6x
Sun, 31 Mar 2024€303.4b€78.8b€8.1b19.4x37.6x3.8x
Tue, 27 Feb 2024€297.6b€78.1b€8.3b17.8x35.8x3.8x
Thu, 25 Jan 2024€288.8b€80.7b€6.7b20.4x43.3x3.6x
Sat, 23 Dec 2023€264.3b€80.5b€6.7b20.1x39.6x3.3x
Mon, 20 Nov 2023€256.6b€80.3b€6.7b19.7x38.4x3.2x
Wed, 18 Oct 2023€233.5b€79.3b€6.2b20.2x37.5x2.9x
Fri, 15 Sep 2023€243.0b€79.4b€6.3b20.8x38.8x3.1x
Sun, 13 Aug 2023€242.5b€79.2b€6.3b19x38.5x3.1x
Tue, 11 Jul 2023€242.7b€77.4b€6.0b21.3x40.5x3.1x
Thu, 08 Jun 2023€245.4b€77.3b€6.3b21.7x38.9x3.2x
Sat, 06 May 2023€239.4b€77.1b€6.3b23.2x37.7x3.1x
Mon, 03 Apr 2023€237.8b€75.4b€6.6b24.7x35.9x3.2x
Wed, 01 Mar 2023€220.1b€74.9b€6.6b24.9x33.3x2.9x
Fri, 27 Jan 2023€217.1b€73.5b€7.3b25.9x29.7x3x
Sun, 25 Dec 2022€196.6b€73.4b€7.3b23.3x26.9x2.7x
Tue, 22 Nov 2022€206.3b€73.2b€7.3b22.3x28.2x2.8x
Price to Earnings Ratio

28.2x


Total Market Cap: €206.3bTotal Earnings: €7.3bTotal Revenue: €73.2bTotal Market Cap vs Earnings and Revenue0%0%0%
German Tech Sector Price to Earnings3Y Average 45.4x202320242025
Current Industry PE
  • Investors are pessimistic on the German 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 38.0x which is lower than its 3-year average PE of 45.4x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 7.7% per year over the last three years.
  • Revenues for these companies have grown 3.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

DE Market1.55%
Tech-0.33%
Semiconductors7.10%
IT5.43%
Electronic Equipment and Components2.09%
Communications-0.26%
Software-2.02%
Tech Hardware-20.79%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 21.8x.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 20.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 68% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings grow by 12% 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
IFX Infineon Technologies€35.307.9%
+€3.6b
16.5%PE46.7x
BC8 Bechtle€40.1017.0%
+€735.8m
21.5%PE23.6x
NB2 Northern Data€15.5530.7%
+€234.3m
-53.0%PS5x
NA9 Nagarro€58.3535.0%
+€191.2m
-37.3%PE18.4x
AIXA AIXTRON€17.787.7%
+€143.7m
28.5%PE22.1x

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