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German (DAX) IT Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies28
  • 7D2.6%
  • 3M5.1%
  • 1Y29.9%
  • YTD2.6%

Over the last 7 days, the IT industry has risen 2.6%, and IONOS Group contributed the most with a gain of 4.1%. This means that the industry has gained 30% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the German IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026€16.9b€17.5b€742.3m26.2x22.7x1x
Wed, 10 Dec 2025€16.2b€17.5b€749.0m25.2x21.6x0.9x
Fri, 07 Nov 2025€14.9b€17.5b€734.3m21.9x20.3x0.9x
Sun, 05 Oct 2025€16.7b€17.4b€736.8m22.6x22.7x1x
Tue, 02 Sep 2025€17.1b€17.4b€735.9m25x23.2x1x
Thu, 31 Jul 2025€17.9b€17.3b€679.4m30x26.4x1x
Sat, 28 Jun 2025€17.8b€17.3b€684.0m26.4x26x1x
Mon, 26 May 2025€17.1b€17.3b€683.3m26.2x25x1x
Wed, 23 Apr 2025€15.3b€16.7b€690.1m22x22.2x0.9x
Fri, 21 Mar 2025€12.9b€15.8b€545.9m20x23.7x0.8x
Sun, 16 Feb 2025€11.3b€15.8b€547.1m19.4x20.6x0.7x
Tue, 14 Jan 2025€10.4b€15.8b€562.0m18x18.4x0.7x
Thu, 12 Dec 2024€10.9b€15.8b€558.4m19.2x19.5x0.7x
Sat, 09 Nov 2024€10.5b€15.7b€557.5m17.7x18.8x0.7x
Mon, 07 Oct 2024€11.6b€15.5b€554.0m20.3x20.9x0.7x
Wed, 04 Sep 2024€11.2b€15.2b€552.6m19x20.2x0.7x
Fri, 02 Aug 2024€12.3b€15.3b€548.8m20.5x22.4x0.8x
Sun, 30 Jun 2024€12.7b€15.3b€545.4m20x23.2x0.8x
Tue, 28 May 2024€13.7b€15.3b€546.1m19.9x25.1x0.9x
Thu, 25 Apr 2024€13.2b€15.0b€544.2m20.8x24.3x0.9x
Sat, 23 Mar 2024€13.3b€14.8b€469.7m23x28.4x0.9x
Mon, 19 Feb 2024€14.0b€14.7b€456.3m23.5x30.8x1x
Wed, 17 Jan 2024€13.3b€14.8b€458.9m21.8x28.9x0.9x
Fri, 15 Dec 2023€13.2b€14.8b€462.4m21.5x28.5x0.9x
Sun, 12 Nov 2023€12.9b€14.8b€480.1m19.7x26.8x0.9x
Tue, 10 Oct 2023€12.8b€14.6b€457.9m19x27.9x0.9x
Thu, 07 Sep 2023€13.4b€14.6b€455.7m20.1x29.3x0.9x
Sat, 05 Aug 2023€12.7b€14.3b€485.5m16.3x26.1x0.9x
Mon, 03 Jul 2023€12.5b€14.3b€487.8m17.9x25.6x0.9x
Wed, 31 May 2023€12.6b€14.3b€491.6m19x25.7x0.9x
Fri, 28 Apr 2023€13.7b€13.9b€493.8m20.8x27.8x1x
Sun, 26 Mar 2023€14.0b€14.1b€580.5m21.4x24.1x1x
Tue, 21 Feb 2023€15.0b€13.8b€578.3m24.5x25.9x1.1x
Thu, 19 Jan 2023€14.3b€13.7b€576.6m25x24.8x1x
Price to Earnings Ratio

24.8x


Total Market Cap: €14.3bTotal Earnings: €576.6mTotal Revenue: €13.7bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 24.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the German IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 24.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 8.8% per year over the last three years.
  • Revenues for these companies have grown 8.4% 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 industry?

DE Market2.61%
Tech5.22%
IT2.55%
Internet Services and Infrastructure4.31%
IT Consulting2.02%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 23.2x.
    • Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings decline of 16.2% per year.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.6x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Internet Services and Infrastructure 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€27.804.1%
+€148.8m		27.8%PE17.2x
SANT Kontron€25.189.4%
+€132.7m		32.4%PE11.4x
YSN secunet Security Networks€201.009.6%
+€113.9m		73.6%PE40.7x
GFT GFT Technologies€20.9010.3%
+€51.4m		-6.3%PE15.7x
COK Cancom€27.653.9%
+€32.0m		18.7%PE48.8x

Latest News

D6H
€69.20
DATAGROUP
7D
-1.1%
1Y
56.4%

D6H: Cloud Contracts And SME Expansion Will Support A Stable Outlook

Analysts have maintained their fair value estimate for DATAGROUP at €66.00. The updated price target reflects adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E, which together suggest a slightly different risk and earnings profile than before.
BC8
€43.38
Bechtle
7D
-1.5%
1Y
43.9%

BC8: 2026 IT Revival Hopes Will Likely Overestimate Budget Recovery Timing

Analysts have nudged their price target on Bechtle to €43, reflecting slightly adjusted assumptions on discount rate, growth and profitability, and a view that the company could benefit if IT spending picks up into 2026. Analyst Commentary The latest move to a €43 price target reflects a view that Bechtle could see a pick up in demand if IT budgets improve into 2026.
AEIN
€22.00
Allgeier
7D
4.3%
1Y
46.2%
NA9
€71.05
Nagarro
7D
-6.0%
1Y
-6.7%
IOS
€27.80
IONOS Group
7D
4.1%
1Y
27.8%

IOS: Rising Profit Margins And Buybacks Will Support Strong Future Returns

Analysts have trimmed their price target on IONOS Group slightly, from €38.50 to €38.00. This reflects updated assumptions for slower revenue growth, a mildly higher discount rate, a small uplift in projected profit margin, and a marginally lower future P/E.
YSN
€201.00
secunet Security Networks
7D
9.6%
1Y
73.6%
NVQ
€9.15
Novabase S.G.P.S
7D
8.9%
1Y
59.1%
A1OS
€42.60
All for One Group
7D
-1.4%
1Y
-27.1%

There May Be Reason For Hope In All for One Group's (ETR:A1OS) Disappointing Earnings

Dec 22
There May Be Reason For Hope In All for One Group's (ETR:A1OS) Disappointing Earnings
SANT
€25.18
Kontron
7D
9.4%
1Y
32.4%

Kontron AG's (ETR:SANT) Low P/E No Reason For Excitement

Dec 15
Kontron AG's (ETR:SANT) Low P/E No Reason For Excitement
COK
€27.65
Cancom
7D
3.9%
1Y
18.7%

Here's Why Cancom (ETR:COK) Can Manage Its Debt Responsibly

Nov 28
Here's Why Cancom (ETR:COK) Can Manage Its Debt Responsibly
GFT
€20.90
GFT Technologies
7D
10.3%
1Y
-6.3%
KSC
€0.53
KPS
7D
-10.1%
1Y
-33.7%
ADN1
€91.40
adesso
7D
4.5%
1Y
10.5%
SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
PLEK
€5.90
plenum
7D
-4.1%
1Y
-30.6%

Investors Holding Back On plenum AG (FRA:PLEK)

Jul 29
Investors Holding Back On plenum AG (FRA:PLEK)