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German (DAX) Tech Sector Analysis
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies120
- 7D-12.1%
- 3M-15.0%
- 1Y-29.1%
- YTD-12.2%
Over the last 7 days, the Tech industry has dropped 11%, driven by SAP declining 15%. In contrast, Jenoptik has gained 8.7%. The industry has fallen 28% in the last year. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 05 Feb 2026 | €291.4b | €80.6b | €9.4b | 26.8x | 31x | 3.6x |
| Sat, 03 Jan 2026 | €332.5b | €80.1b | €9.1b | 27x | 36.5x | 4.2x |
| Mon, 01 Dec 2025 | €338.8b | €80.4b | €9.1b | 26x | 37.1x | 4.2x |
| Wed, 29 Oct 2025 | €366.4b | €81.9b | €9.2b | 27.2x | 40x | 4.5x |
| Fri, 26 Sep 2025 | €356.3b | €80.5b | €8.5b | 27x | 42x | 4.4x |
| Sun, 24 Aug 2025 | €369.4b | €80.5b | €8.5b | 29.2x | 43.5x | 4.6x |
| Tue, 22 Jul 2025 | €411.1b | €79.6b | €7.9b | 28.6x | 52x | 5.2x |
| Thu, 19 Jun 2025 | €390.7b | €80.7b | €7.9b | 27.5x | 49.7x | 4.8x |
| Sat, 17 May 2025 | €404.0b | €80.9b | €7.7b | 26.2x | 52.2x | 5x |
| Mon, 14 Apr 2025 | €340.5b | €80.0b | €5.5b | 18x | 62x | 4.3x |
| Wed, 12 Mar 2025 | €368.7b | €79.6b | €5.5b | 18.9x | 67.4x | 4.6x |
| Fri, 07 Feb 2025 | €413.6b | €79.5b | €5.5b | 18x | 74.7x | 5.2x |
| Sun, 05 Jan 2025 | €357.3b | €78.7b | €5.5b | 19.2x | 64.5x | 4.5x |
| Tue, 03 Dec 2024 | €351.8b | €78.8b | €5.5b | 18.9x | 63.6x | 4.5x |
| Thu, 31 Oct 2024 | €337.7b | €79.2b | €6.0b | 18.4x | 56.4x | 4.3x |
| Sat, 28 Sep 2024 | €327.0b | €78.1b | €5.8b | 19.7x | 56.2x | 4.2x |
| Mon, 26 Aug 2024 | €317.6b | €78.4b | €5.8b | 19.7x | 55x | 4.1x |
| Wed, 24 Jul 2024 | €317.7b | €78.4b | €6.3b | 19.9x | 50.7x | 4.1x |
| Fri, 21 Jun 2024 | €301.0b | €78.6b | €6.3b | 19.2x | 48.1x | 3.8x |
| Sun, 19 May 2024 | €302.1b | €78.6b | €6.3b | 18.8x | 47.6x | 3.8x |
| Tue, 16 Apr 2024 | €292.1b | €78.8b | €8.1b | 17.9x | 35.9x | 3.7x |
| Thu, 14 Mar 2024 | €301.9b | €78.0b | €8.3b | 18.7x | 36.3x | 3.9x |
| Sat, 10 Feb 2024 | €294.1b | €78.4b | €8.5b | 19.4x | 34.8x | 3.8x |
| Mon, 08 Jan 2024 | €257.8b | €80.7b | €6.7b | 20.1x | 38.7x | 3.2x |
| Wed, 06 Dec 2023 | €270.8b | €80.3b | €6.7b | 19.4x | 40.5x | 3.4x |
| Fri, 03 Nov 2023 | €237.8b | €79.8b | €6.7b | 19.1x | 35.4x | 3x |
| Sun, 01 Oct 2023 | €234.1b | €79.4b | €6.3b | 20.1x | 37.4x | 2.9x |
| Tue, 29 Aug 2023 | €244.9b | €79.4b | €6.3b | 19.8x | 39.1x | 3.1x |
| Thu, 27 Jul 2023 | €240.0b | €78.0b | €5.9b | 21.3x | 40.7x | 3.1x |
| Sat, 24 Jun 2023 | €242.8b | €77.8b | €6.3b | 22.4x | 38.5x | 3.1x |
| Mon, 22 May 2023 | €245.3b | €77.7b | €6.3b | 22.3x | 38.6x | 3.2x |
| Wed, 19 Apr 2023 | €237.8b | €75.5b | €6.6b | 24x | 35.9x | 3.2x |
| Fri, 17 Mar 2023 | €226.5b | €75.0b | €6.6b | 25x | 34.3x | 3x |
| Sun, 12 Feb 2023 | €224.7b | €74.8b | €6.6b | 25x | 34x | 3x |
Price to Earnings Ratio
34x
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 31.3x which is lower than its 3-year average PE of 46.0x.
- 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 2.4% 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 | -12.08% | |
| Electronic Equipment and Components | 2.38% | |
| Tech Hardware | 1.89% | |
| Communications | -0.17% | |
| IT | -6.57% | |
| Semiconductors | -6.86% | |
| Software | -14.16% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 23.9x.
- Analysts are expecting annual earnings growth of 23.5%, 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 growth to stay flat 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 | |
|---|---|---|---|---|---|
| JEN Jenoptik | €26.44 | 8.7% +€121.3m | 26.3% | PE22.1x | |
| AIXA AIXTRON | €20.05 | 1.9% +€42.8m | 46.7% | PE24.9x | |
| CTNK centrotherm international | €9.40 | 15.3% +€26.5m | 175.7% | PE5.8x | |
| QBY q.beyond | €0.82 | 7.9% +€7.5m | 18.5% | PS0.6x | |
| KTEK KATEK | €19.70 | 2.1% +€5.8m | -2.5% | n/a |
