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German (DAX) IT Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies28
  • 7D-0.06%
  • 3M3.0%
  • 1Y-17.4%
  • YTD-8.9%

The IT is pretty flat in the last 7 days, but All for One Group has stood out, gaining 91%. Unfortunately though, the industry is down 17% over the past 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026€15.3b€17.6b€806.3m20.5x19x0.9x
Fri, 19 Jun 2026€14.4b€17.6b€816.3m20.8x17.7x0.8x
Sun, 17 May 2026€14.7b€17.6b€821.3m20.6x17.9x0.8x
Tue, 14 Apr 2026€13.3b€17.1b€755.6m24.1x17.7x0.8x
Thu, 12 Mar 2026€13.8b€17.4b€733.9m28.7x18.8x0.8x
Sat, 07 Feb 2026€15.2b€17.4b€739.5m26.9x20.5x0.9x
Mon, 05 Jan 2026€16.5b€17.5b€742.3m26.6x22.2x0.9x
Wed, 03 Dec 2025€16.3b€17.4b€752.8m25.2x21.6x0.9x
Fri, 31 Oct 2025€15.8b€17.4b€736.8m22.3x21.4x0.9x
Sun, 28 Sep 2025€17.5b€17.4b€736.8m25.4x23.7x1x
Tue, 26 Aug 2025€17.3b€17.4b€736.8m25.1x23.5x1x
Thu, 24 Jul 2025€17.9b€17.3b€684.2m27.4x26.1x1x
Sat, 21 Jun 2025€17.2b€17.3b€684.1m26.4x25.2x1x
Mon, 19 May 2025€17.1b€17.3b€684.2m25.7x24.9x1x
Wed, 16 Apr 2025€15.3b€16.7b€690.4m19.1x22.2x0.9x
Fri, 14 Mar 2025€12.1b€15.8b€550.6m18.9x22x0.8x
Sun, 09 Feb 2025€11.0b€15.8b€544.5m19.5x20.2x0.7x
Tue, 07 Jan 2025€10.7b€15.8b€562.0m18.6x19.1x0.7x
Thu, 05 Dec 2024€10.7b€15.8b€558.4m18.8x19.1x0.7x
Sat, 02 Nov 2024€10.2b€15.5b€551.9m17.8x18.6x0.7x
Mon, 30 Sep 2024€11.7b€15.2b€553.9m20.7x21.1x0.8x
Wed, 28 Aug 2024€11.4b€15.2b€559.1m18.8x20.4x0.7x
Fri, 26 Jul 2024€12.2b€15.3b€545.9m20.2x22.4x0.8x
Sun, 23 Jun 2024€12.9b€15.3b€545.4m20.2x23.6x0.8x
Tue, 21 May 2024€13.5b€15.2b€545.4m20.6x24.8x0.9x
Thu, 18 Apr 2024€13.1b€15.0b€544.6m21x24.1x0.9x
Sat, 16 Mar 2024€13.6b€14.8b€469.7m23.3x29x0.9x
Mon, 12 Feb 2024€14.1b€14.7b€460.3m21.9x30.6x1x
Wed, 10 Jan 2024€13.1b€14.8b€458.9m21.5x28.5x0.9x
Fri, 08 Dec 2023€13.0b€14.8b€462.4m20.9x28.2x0.9x
Sun, 05 Nov 2023€12.7b€14.7b€474.0m20.8x26.8x0.9x
Tue, 03 Oct 2023€12.9b€14.6b€458.4m19.9x28.2x0.9x
Thu, 31 Aug 2023€13.4b€14.6b€458.1m19x29.2x0.9x
Sat, 29 Jul 2023€12.9b€14.3b€487.8m17.2x26.4x0.9x
Price to Earnings Ratio

26.4x


Total Market Cap: €12.9bTotal Earnings: €487.8mTotal Revenue: €14.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 23.2x202420252026
Current Industry PE
  • Investors are pessimistic on the German IT 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 19.0x which is lower than its 3-year average PE of 23.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 7.1% 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 Market-0.78%
Tech-4.22%
IT-0.063%
IT Consulting0.21%
Data Processing Services0%0
Internet Services and Infrastructure-0.78%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 5.5x.
    • Analysts are expecting annual earnings growth of 15.1%, which is lower than the prior year's growth of 71.0% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 22.4x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 71% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 14% 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
A1OS All for One Group€67.4091.5%
+€148.7m		39.3%PE57.3x
BC8 Bechtle€30.840.8%
+€30.2m		-19.9%PE16.5x
ADN1 adesso€55.506.5%
+€21.8m		-36.9%PE13.1x
IOS IONOS Group€30.380.5%
+€19.0m		-24.1%PE18.5x
AEIN Allgeier€16.757.0%
+€12.4m		-13.9%PE35.3x

Latest News

3ITN
€11.50
audius
7D
-1.7%
1Y
-0.9%
A1OS
€67.40
All for One Group
7D
91.5%
1Y
39.3%
Narrative Update • Jul 20

A1OS: Takeover Offer And Revised Earnings Outlook Will Shape Future Repricing

Analysts have raised their price target for All for One Group from €46.00 to €67.50, citing updated assumptions for fair value, a lower discount rate, and a higher future P/E multiple. What’s in the News for All for One Group VINCI Energies SA has proposed to acquire All for One Group SE for approximately €310 million, offering €67.50 in cash per share.
IOS
€30.38
IONOS Group
7D
0.5%
1Y
-24.1%
Narrative Update • Jul 14

IOS: Lower Discount Rate And Rich P/E Will Limit Future Upside

Analysts have lifted their fair value estimate for IONOS Group from €27.00 to €28.00, citing updated assumptions around the company’s revenue growth, profit margins, discount rate and future P/E multiple. What’s in the News for IONOS Group No recent news items for IONOS Group were identified in the provided sources.
DCIK
€5.70
DCI Database for Commerce and Industry
7D
-5.0%
1Y
9.6%
SHF
€81.60
SNP Schneider-Neureither & Partner
7D
1.7%
1Y
13.0%
NA9
€75.80
Nagarro
7D
-1.6%
1Y
33.1%
Narrative Update • Jul 08

NA9: Acquisition Plan And Delisting Intent Will Shape Future Risk Balance

Analysts have reduced their price target for Nagarro from €95.00 to €81.00, citing updated assumptions for revenue growth, profit margins, and a higher future P/E multiple that together point to a different balance of risk and reward for the stock. What’s in the News for Nagarro Persistent Systems has agreed to acquire all shares of Nagarro in a deal valued at approximately €1.27b (about $1.45b), with completion targeted for late 2026 or early 2027, according to recent news reports.
BC8
€30.84
Bechtle
7D
0.8%
1Y
-19.9%
Narrative Update • Jul 08

BC8: 2026 IT Revival Hopes Will Balance Execution And Secure Access Rollout

Analysts have modestly lowered their fair value estimate for Bechtle to approximately €29.65 from €31. Slightly softer assumptions for revenue growth and future P/E are only partly offset by a marginally improved profit margin outlook and a reduced discount rate.
YSN
€161.20
secunet Security Networks
7D
-4.7%
1Y
-26.2%
Narrative Update • Jun 30

YSN: Raised Fair Value Will Rely On 2026 Earnings Guidance Holding

Analysts have raised their fair value estimate for secunet Security Networks from €188.00 to €205.00, citing updated assumptions on growth, profitability and a lower future P/E multiple in their price target models. What’s in the News for secunet Security Networks secunet Security Networks confirmed earnings guidance for 2026, maintaining its outlook for the year.
AEIN
€16.75
Allgeier
7D
7.0%
1Y
-13.9%
ADN1
€55.50
adesso
7D
6.5%
1Y
-36.9%
Narrative Update • Jun 22

ADN1: Major Bundesbank Win And 2026 Guidance Will Support Future Upside

Analysts have maintained their fair value estimate for adesso at €103.33, while adjusting assumptions for the discount rate, revenue growth, profit margin and future P/E, which helps explain a recalibrated but unchanged price target for the stock. What’s in the News for adesso adesso SE secured one of the largest contracts in its history with Deutsche Bundesbank, following a multi stage tender that lasted more than two years, with the project focused on modernising the central bank’s core banking system, source: company client announcement.
GFT
€20.85
GFT Technologies
7D
2.0%
1Y
-6.3%
NVQ
€7.62
Novabase S.G.P.S
7D
-1.6%
1Y
-4.8%
D6H0
€77.00
DATAGROUP
7D
1.3%
1Y
26.2%
OBS
€4.72
ORBIS
7D
-4.1%
1Y
-25.1%
RTC
€1.10
RealTech
7D
-4.3%
1Y
4.8%
NC5A
€1.42
NorCom Information Technology GmbH KGaA
7D
-11.7%
1Y
-22.2%