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German (DAX) IT Industry Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies28
  • 7D2.8%
  • 3M2.4%
  • 1Y26.9%
  • YTD2.6%

Over the last 7 days, the IT industry has risen 2.8%, driven by gains from Bechtle of 2.6%. This takes the industry's 12 month performance to a gain of 27%. 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
Thu, 08 Jan 2026€16.9b€17.5b€742.3m26.5x22.7x1x
Sat, 06 Dec 2025€16.3b€17.5b€749.0m25.4x21.7x0.9x
Mon, 03 Nov 2025€15.7b€17.4b€736.8m22x21.3x0.9x
Wed, 01 Oct 2025€17.7b€17.4b€736.8m26.1x24x1x
Fri, 29 Aug 2025€17.1b€17.4b€736.8m25.2x23.2x1x
Sun, 27 Jul 2025€17.9b€17.3b€680.0m28.1x26.3x1x
Tue, 24 Jun 2025€17.2b€17.3b€684.1m26.4x25.1x1x
Thu, 22 May 2025€17.2b€17.3b€683.3m25.7x25.2x1x
Sat, 19 Apr 2025€15.2b€16.7b€690.4m19.5x22x0.9x
Mon, 17 Mar 2025€12.7b€15.8b€545.9m19.2x23.2x0.8x
Wed, 12 Feb 2025€11.1b€15.8b€544.4m19.3x20.5x0.7x
Fri, 10 Jan 2025€10.4b€15.8b€562.0m18.1x18.5x0.7x
Sun, 08 Dec 2024€10.8b€15.8b€558.4m18.5x19.3x0.7x
Tue, 05 Nov 2024€10.2b€15.5b€551.9m17.6x18.4x0.7x
Thu, 03 Oct 2024€11.5b€15.2b€553.9m20.4x20.8x0.8x
Sat, 31 Aug 2024€11.3b€15.2b€557.9m19.3x20.3x0.7x
Mon, 29 Jul 2024€12.2b€15.3b€548.8m20.2x22.3x0.8x
Wed, 26 Jun 2024€12.8b€15.3b€545.4m20.1x23.5x0.8x
Fri, 24 May 2024€13.5b€15.3b€547.0m19.9x24.6x0.9x
Sun, 21 Apr 2024€12.8b€15.0b€544.6m20.6x23.6x0.9x
Tue, 19 Mar 2024€13.6b€14.8b€469.7m23x29x0.9x
Thu, 15 Feb 2024€14.1b€14.7b€460.3m22x30.6x1x
Sat, 13 Jan 2024€13.4b€14.8b€458.9m22x29.2x0.9x
Mon, 11 Dec 2023€13.0b€14.8b€462.4m20.8x28.1x0.9x
Wed, 08 Nov 2023€12.7b€14.7b€474.9m20.4x26.7x0.9x
Fri, 06 Oct 2023€12.7b€14.6b€458.3m19.2x27.7x0.9x
Sun, 03 Sep 2023€13.4b€14.6b€458.4m18.6x29.2x0.9x
Tue, 01 Aug 2023€12.9b€14.3b€485.5m16.8x26.6x0.9x
Thu, 29 Jun 2023€12.3b€14.3b€486.9m18.1x25.3x0.9x
Sat, 27 May 2023€12.7b€14.3b€491.6m19.2x25.9x0.9x
Mon, 24 Apr 2023€13.8b€13.9b€493.8m21x28x1x
Wed, 22 Mar 2023€14.2b€13.8b€583.2m21.6x24.3x1x
Fri, 17 Feb 2023€15.0b€13.7b€579.1m24.7x26x1.1x
Sun, 15 Jan 2023€13.9b€13.7b€576.6m24.5x24x1x
Price to Earnings Ratio

24x


Total Market Cap: €13.9bTotal 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 Market1.54%
Tech-0.29%
IT2.79%
IT Consulting2.84%
Internet Services and Infrastructure2.63%
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 16.3%, 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 1.5x.
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€28.105.0%
+€186.0m		28.0%PE17.4x
SANT Kontron€24.346.8%
+€94.6m		25.8%PE11x
YSN secunet Security Networks€200.007.9%
+€94.5m		71.8%PE40.5x
BC8 Bechtle€44.361.6%
+€85.7m		47.5%PE26x
GFT GFT Technologies€20.709.3%
+€46.1m		-7.0%PE15.5x

Latest News

YSN
€200.00
secunet Security Networks
7D
7.9%
1Y
71.8%
QBY
€0.68
q.beyond
7D
-2.6%
1Y
-6.4%
BC8
€44.36
Bechtle
7D
1.6%
1Y
47.5%

Bechtle (ETR:BC8) Might Be Having Difficulty Using Its Capital Effectively

Dec 31
Bechtle (ETR:BC8) Might Be Having Difficulty Using Its Capital Effectively
NVQ
€9.30
Novabase S.G.P.S
7D
10.1%
1Y
61.7%
IOS
€28.10
IONOS Group
7D
5.0%
1Y
28.0%

IOS: Share Buybacks And New CFO Will Support Stronger Outlook

Analysts have trimmed their price target on IONOS Group from €47.00 to €45.50. This reflects a modestly higher discount rate, even as they acknowledge slightly stronger expectations for revenue growth and profitability.
A1OS
€41.10
All for One Group
7D
-4.2%
1Y
-29.6%

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
D6H
€69.50
DATAGROUP
7D
-0.9%
1Y
58.7%

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

Analysts have nudged their price target on DATAGROUP slightly higher to €66.00, citing incremental improvements in discount rate assumptions and modestly refined expectations for long term earnings multiples that together support a steady fair value outlook. What's in the News Won a five year contract from Heidelberger Druckmaschinen AG to migrate and operate its extensive SAP system landscape in the DATAGROUP Enterprise Cloud in Frankfurt, with project volume in the mid single digit million euro range (Client Announcements).
SANT
€24.34
Kontron
7D
6.8%
1Y
25.8%

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
NA9
€72.20
Nagarro
7D
-5.3%
1Y
-4.9%

NA9: Share Buybacks Are Expected To Drive Future Shareholder Value

Analysts have modestly revised their price target for Nagarro, keeping fair value broadly unchanged at €90.25. They have slightly lowered the discount rate and forward P/E assumptions as they factor in a marginally improved risk profile and stable long term growth and profitability expectations.
COK
€27.35
Cancom
7D
2.6%
1Y
16.5%

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
€20.70
GFT Technologies
7D
9.3%
1Y
-7.0%
KSC
€0.54
KPS
7D
-6.6%
1Y
-34.0%
3ITN
€12.10
audius
7D
-0.8%
1Y
3.4%
ADN1
€90.20
adesso
7D
1.7%
1Y
6.2%
SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
DCIK
€6.15
DCI Database for Commerce and Industry
7D
-9.6%
1Y
-3.1%