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German (DAX) Tech Sector Analysis
UpdatedJan 21, 2026
DataAggregated Company Financials
Companies122
- 7D-8.1%
- 3M-12.1%
- 1Y-17.5%
- YTD-2.5%
Over the last 7 days, the Tech industry has dropped 8.1%, driven by a pullback from SAP of 9.1%. On the other hand Basler is actually up 10%. However, the industry is down 17% over the past year. Looking forward, earnings are forecast to grow by 16% annually.
Sector Valuation and Performance
Has the German Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | €324.7b | €80.0b | €9.1b | 27.6x | 35.6x | 4.1x |
| Fri, 19 Dec 2025 | €337.8b | €80.4b | €9.1b | 25.7x | 37x | 4.2x |
| Sun, 16 Nov 2025 | €338.5b | €80.4b | €9.1b | 26.5x | 37.1x | 4.2x |
| Tue, 14 Oct 2025 | €361.2b | €80.6b | €8.5b | 27.7x | 42.5x | 4.5x |
| Thu, 11 Sep 2025 | €350.7b | €80.5b | €8.5b | 26.3x | 41.3x | 4.4x |
| Sat, 09 Aug 2025 | €391.4b | €80.6b | €8.6b | 29x | 45.5x | 4.9x |
| Mon, 07 Jul 2025 | €397.4b | €79.6b | €7.9b | 27.2x | 50.4x | 5x |
| Wed, 04 Jun 2025 | €410.4b | €80.8b | €7.8b | 26.7x | 52.8x | 5.1x |
| Fri, 02 May 2025 | €384.8b | €81.1b | €8.1b | 20.3x | 47.4x | 4.7x |
| Sun, 30 Mar 2025 | €376.7b | €80.2b | €5.5b | 19.1x | 69.1x | 4.7x |
| Tue, 25 Feb 2025 | €415.6b | €79.5b | €5.5b | 18x | 75.5x | 5.2x |
| Thu, 23 Jan 2025 | €388.8b | €78.7b | €5.5b | 19x | 70.2x | 4.9x |
| Sat, 21 Dec 2024 | €358.8b | €78.9b | €5.5b | 19.2x | 64.9x | 4.5x |
| Mon, 18 Nov 2024 | €335.7b | €79.3b | €5.6b | 19.3x | 59.6x | 4.2x |
| Wed, 16 Oct 2024 | €328.4b | €78.4b | €5.8b | 19x | 56.4x | 4.2x |
| Fri, 13 Sep 2024 | €313.6b | €78.4b | €5.8b | 18.6x | 53.8x | 4x |
| Sun, 11 Aug 2024 | €307.8b | €79.5b | €5.8b | 18.9x | 52.7x | 3.9x |
| Tue, 09 Jul 2024 | €311.0b | €78.1b | €6.5b | 19.7x | 48x | 4x |
| Thu, 06 Jun 2024 | €296.2b | €78.6b | €6.3b | 19.2x | 47.3x | 3.8x |
| Sat, 04 May 2024 | €288.5b | €79.5b | €6.9b | 17.2x | 41.6x | 3.6x |
| Mon, 01 Apr 2024 | €303.3b | €78.8b | €8.1b | 19.4x | 37.6x | 3.9x |
| Wed, 28 Feb 2024 | €301.6b | €78.1b | €8.3b | 18.5x | 36.2x | 3.9x |
| Fri, 26 Jan 2024 | €288.6b | €79.7b | €8.4b | 20.3x | 34.4x | 3.6x |
| Sun, 24 Dec 2023 | €264.3b | €80.5b | €6.7b | 20.1x | 39.6x | 3.3x |
| Tue, 21 Nov 2023 | €260.5b | €80.3b | €6.7b | 19.7x | 38.9x | 3.2x |
| Thu, 19 Oct 2023 | €230.7b | €79.3b | €6.2b | 20.2x | 37x | 2.9x |
| Sat, 16 Sep 2023 | €243.0b | €79.4b | €6.3b | 20.8x | 38.8x | 3.1x |
| Mon, 14 Aug 2023 | €242.5b | €79.2b | €6.3b | 19x | 38.5x | 3.1x |
| Wed, 12 Jul 2023 | €243.6b | €77.5b | €6.0b | 21.4x | 40.6x | 3.1x |
| Fri, 09 Jun 2023 | €245.7b | €77.7b | €6.3b | 21.7x | 38.9x | 3.2x |
| Sun, 07 May 2023 | €239.4b | €77.2b | €6.3b | 23.6x | 37.7x | 3.1x |
| Tue, 04 Apr 2023 | €235.8b | €75.4b | €6.6b | 25x | 35.6x | 3.1x |
| Thu, 02 Mar 2023 | €219.8b | €74.9b | €6.6b | 24.9x | 33.3x | 2.9x |
| Sat, 28 Jan 2023 | €217.8b | €73.5b | €7.3b | 25.8x | 29.8x | 3x |
Price to Earnings Ratio
29.8x
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 35.6x 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 7.6% per year over the last three years.
- Revenues for these companies have grown 2.9% 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 | -3.00% | |
| Tech | -8.07% | |
| Electronic Equipment and Components | 3.28% | |
| Communications | 1.54% | |
| Tech Hardware | -1.03% | |
| Semiconductors | -4.63% | |
| IT | -5.19% | |
| Software | -9.28% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 23.5x.
- Analysts are expecting annual earnings growth of 24.0%, which is higher than its past year's earnings decline of 30.0% 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 13% 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 | |
|---|---|---|---|---|---|
| BSL Basler | €16.50 | 10.4% +€48.0m | 147.7% | PE127x | |
| JEN Jenoptik | €21.58 | 2.6% +€30.9m | -1.8% | PE18.1x | |
| CTNK centrotherm international | €9.40 | 15.3% +€26.5m | 175.7% | PE5.8x | |
| SMHN SUSS MicroTec | €47.02 | 2.9% +€25.2m | 2.3% | PE15.9x | |
| TPE PVA TePla | €27.76 | 3.2% +€17.8m | 98.4% | PE37x |
