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German (DAX) Tech Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies121
  • 7D-3.5%
  • 3M-12.5%
  • 1Y9.4%
  • YTD-5.0%

Over the last 7 days, the Tech industry has dropped 3.5%, driven by SAP declining 4.1%. In the past year, the industry has gained 9.4%. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025€346.9b€80.5b€8.5b26.4x40.9x4.3x
Wed, 13 Aug 2025€368.7b€80.5b€8.5b27.8x43.1x4.6x
Fri, 11 Jul 2025€409.9b€79.6b€7.9b27.8x51.9x5.1x
Sun, 08 Jun 2025€416.9b€80.7b€7.9b27.6x52.8x5.2x
Tue, 06 May 2025€402.2b€81.1b€8.1b22.1x49.9x5x
Thu, 03 Apr 2025€377.9b€80.3b€5.5b19.3x68.7x4.7x
Sat, 01 Mar 2025€404.0b€79.6b€5.5b16.6x73.5x5.1x
Mon, 27 Jan 2025€397.0b€78.7b€5.5b19.2x71.7x5x
Wed, 25 Dec 2024€359.1b€78.9b€5.5b19.3x65x4.5x
Fri, 22 Nov 2024€342.2b€79.3b€5.6b19x60.8x4.3x
Sun, 20 Oct 2024€332.7b€78.4b€5.8b18.9x57.2x4.2x
Tue, 17 Sep 2024€314.2b€78.4b€5.9b18.6x53.6x4x
Thu, 15 Aug 2024€310.8b€79.0b€5.8b19.4x53.4x3.9x
Sat, 13 Jul 2024€312.7b€78.2b€6.5b19.9x48.3x4x
Mon, 10 Jun 2024€304.5b€78.6b€6.3b19.5x48.6x3.9x
Wed, 08 May 2024€299.6b€79.4b€6.9b17x43.4x3.8x
Fri, 05 Apr 2024€300.2b€78.8b€8.1b19x36.9x3.8x
Sun, 03 Mar 2024€299.3b€78.1b€8.3b18.6x35.9x3.8x
Tue, 30 Jan 2024€288.1b€79.7b€8.4b19.9x34.3x3.6x
Thu, 28 Dec 2023€267.0b€80.5b€6.7b20.1x40x3.3x
Sat, 25 Nov 2023€261.0b€80.3b€6.7b19.4x39x3.3x
Mon, 23 Oct 2023€230.8b€79.2b€7.0b19.5x33.1x2.9x
Wed, 20 Sep 2023€237.7b€79.4b€6.3b20x37.9x3x
Fri, 18 Aug 2023€238.6b€79.4b€6.3b20x38x3x
Sun, 16 Jul 2023€254.9b€77.5b€6.0b21.7x42.5x3.3x
Tue, 13 Jun 2023€247.8b€77.8b€6.3b20.7x39.3x3.2x
Thu, 11 May 2023€240.5b€77.2b€6.3b23.4x37.9x3.1x
Sat, 08 Apr 2023€235.2b€75.1b€6.6b24.7x35.5x3.1x
Mon, 06 Mar 2023€223.9b€74.4b€7.5b25.1x29.8x3x
Wed, 01 Feb 2023€219.5b€73.9b€6.4b25.6x34.3x3x
Fri, 30 Dec 2022€197.2b€73.4b€7.3b23.6x27x2.7x
Sun, 27 Nov 2022€207.5b€73.2b€7.3b24.2x28.4x2.8x
Tue, 25 Oct 2022€181.3b€70.3b€7.7b20.1x23.5x2.6x
Thu, 22 Sep 2022€175.5b€70.1b€7.7b20.9x22.8x2.5x
Price to Earnings Ratio

22.8x


Total Market Cap: €175.5bTotal Earnings: €7.7bTotal Revenue: €70.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Tech Sector Price to Earnings3Y Average 44.4x202320242025
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 40.9x which is lower than its 3-year average PE of 44.4x.
  • The 3-year average PS ratio of 3.7x 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 3.4% per year over the last three years.
  • Revenues for these companies have grown 4.7% 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 Market-0.67%
Tech-3.47%
Tech Hardware17.04%
Communications1.69%
IT0.78%
Electronic Equipment and Components0.085%
Semiconductors-1.18%
Software-4.18%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 71.5x.
    • Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings growth of 12.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 75% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 15% 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
IOS IONOS Group€38.854.3%
+€221.6m
66.0%PE25.5x
NB2 Northern Data€18.206.4%
+€70.6m
-36.7%PS5.8x
ADN1 adesso€96.805.8%
+€33.9m
67.8%PE50.3x
YSN secunet Security Networks€193.402.4%
+€29.8m
108.2%PE39.2x
SANT Kontron€25.381.4%
+€20.9m
57.3%PE11.2x

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