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German (DAX) Tech Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies120
  • 7D-3.2%
  • 3M-9.0%
  • 1Y-29.9%
  • YTD-10.5%

Over the last 7 days, the Tech industry has dropped 3.2%, driven by SAP declining 4.8%. The industry has fallen 30% in the last year. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026€298.4b€80.6b€9.4b27x31.8x3.7x
Fri, 16 Jan 2026€341.6b€79.6b€9.1b26.7x37.5x4.3x
Sun, 14 Dec 2025€337.2b€80.4b€9.1b25.8x36.9x4.2x
Tue, 11 Nov 2025€341.2b€80.3b€9.3b23.8x36.8x4.2x
Thu, 09 Oct 2025€369.0b€80.6b€8.5b28.5x43.4x4.6x
Sat, 06 Sep 2025€355.7b€80.5b€8.5b29.4x41.9x4.4x
Mon, 04 Aug 2025€381.0b€80.5b€8.7b28.7x43.8x4.7x
Wed, 02 Jul 2025€400.6b€80.7b€7.9b27.2x50.9x5x
Fri, 30 May 2025€402.5b€80.8b€7.8b26.7x51.9x5x
Sun, 27 Apr 2025€373.4b€81.0b€8.1b20.3x46.1x4.6x
Tue, 25 Mar 2025€389.5b€79.5b€5.5b19.3x70.9x4.9x
Thu, 20 Feb 2025€421.1b€79.5b€5.5b18.6x76x5.3x
Sat, 18 Jan 2025€387.2b€78.7b€5.5b19.1x69.9x4.9x
Mon, 16 Dec 2024€366.7b€78.9b€5.5b19.5x66.4x4.6x
Wed, 13 Nov 2024€340.1b€79.4b€6.0b17.5x56.7x4.3x
Fri, 11 Oct 2024€324.0b€78.4b€5.8b18.6x55.7x4.1x
Sun, 08 Sep 2024€302.9b€78.4b€5.8b18.6x52x3.9x
Tue, 06 Aug 2024€296.6b€79.7b€6.3b18.6x47x3.7x
Thu, 04 Jul 2024€309.2b€78.1b€6.5b19.5x47.8x4x
Sat, 01 Jun 2024€288.0b€78.6b€6.3b18.8x45.5x3.7x
Mon, 29 Apr 2024€294.9b€79.4b€6.9b17.9x42.7x3.7x
Wed, 27 Mar 2024€305.9b€78.5b€8.1b19.6x37.9x3.9x
Fri, 23 Feb 2024€292.2b€78.1b€8.3b18.6x35.1x3.7x
Sun, 21 Jan 2024€272.1b€80.7b€6.7b19.5x40.8x3.4x
Tue, 19 Dec 2023€269.6b€80.3b€6.7b19.2x40.3x3.4x
Thu, 16 Nov 2023€256.3b€80.2b€6.7b19.4x38.4x3.2x
Sat, 14 Oct 2023€233.6b€79.3b€6.2b20.2x37.5x2.9x
Mon, 11 Sep 2023€247.5b€79.4b€6.3b20.4x39.5x3.1x
Wed, 09 Aug 2023€239.1b€78.9b€6.3b19.9x38.2x3x
Fri, 07 Jul 2023€239.6b€77.4b€6.0b21.7x40x3.1x
Sun, 04 Jun 2023€245.3b€77.8b€6.3b22.9x38.7x3.2x
Tue, 02 May 2023€239.9b€76.3b€6.0b22.4x40.1x3.1x
Thu, 30 Mar 2023€231.6b€75.5b€6.6b24.6x34.9x3.1x
Sat, 25 Feb 2023€218.8b€74.9b€6.6b24.5x33.1x2.9x
Price to Earnings Ratio

33.1x


Total Market Cap: €218.8bTotal Earnings: €6.6bTotal Revenue: €74.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Tech Sector Price to Earnings3Y Average 45.9x202420252026
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 31.8x which is lower than its 3-year average PE of 45.9x.
  • The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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-0.25%
Tech-3.20%
Semiconductors3.58%
Communications-0.044%
Tech Hardware-0.54%
Electronic Equipment and Components-1.71%
Software-5.03%
IT-5.62%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 24.3x.
    • Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings decline of 24.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 71% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings grow by 2.8% 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€173.682.8%
+€5.5b
-37.1%PE27.6x
IFX Infineon Technologies€46.256.3%
+€3.6b
21.5%PE60x
AIXA AIXTRON€23.737.3%
+€182.5m
69.9%PE29.5x
ELG Elmos Semiconductor€129.806.0%
+€126.9m
78.1%PE17.9x
IOS IONOS Group€23.802.8%
+€81.5m
0.8%PE14.6x

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