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German (DAX) IT Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies28
  • 7D2.6%
  • 3M5.9%
  • 1Y29.9%
  • YTD2.6%

The IT industry is up 2.5% in the last week, with IONOS Group up 3.6%. During this same period, the Nagarro underperformed, falling 5.4%. In the last 12 months, the industry was up 29%. 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
Sat, 10 Jan 2026€16.8b€17.5b€742.3m26.2x22.7x1x
Mon, 08 Dec 2025€16.3b€17.5b€749.0m25.4x21.8x0.9x
Wed, 05 Nov 2025€15.2b€17.4b€736.8m21.7x20.7x0.9x
Fri, 03 Oct 2025€17.0b€17.4b€736.8m23.2x23.1x1x
Sun, 31 Aug 2025€17.0b€17.4b€735.9m25x23x1x
Tue, 29 Jul 2025€17.8b€17.3b€680.0m28.8x26.2x1x
Thu, 26 Jun 2025€17.3b€17.3b€684.1m26.4x25.4x1x
Sat, 24 May 2025€17.1b€17.3b€683.3m26.2x25x1x
Mon, 21 Apr 2025€15.2b€16.7b€690.4m19.5x22x0.9x
Wed, 19 Mar 2025€13.2b€15.8b€545.9m19.5x24.2x0.8x
Fri, 14 Feb 2025€11.2b€15.8b€544.4m19.3x20.5x0.7x
Sun, 12 Jan 2025€10.4b€15.8b€562.0m18.2x18.5x0.7x
Tue, 10 Dec 2024€10.8b€15.8b€558.4m19x19.4x0.7x
Thu, 07 Nov 2024€10.2b€15.5b€551.9m17.6x18.5x0.7x
Sat, 05 Oct 2024€11.6b€15.5b€554.0m20.3x20.9x0.7x
Mon, 02 Sep 2024€11.4b€15.2b€557.9m19.3x20.3x0.7x
Wed, 31 Jul 2024€12.3b€15.3b€548.8m20.2x22.4x0.8x
Fri, 28 Jun 2024€12.8b€15.3b€545.4m20.1x23.4x0.8x
Sun, 26 May 2024€13.6b€15.3b€546.1m19.7x24.9x0.9x
Tue, 23 Apr 2024€12.8b€15.0b€544.6m20.6x23.6x0.9x
Thu, 21 Mar 2024€13.3b€14.8b€469.7m22.7x28.3x0.9x
Sat, 17 Feb 2024€14.0b€14.7b€456.3m23.5x30.8x1x
Mon, 15 Jan 2024€13.4b€14.8b€458.9m22x29.2x0.9x
Wed, 13 Dec 2023€12.9b€14.8b€462.4m21.2x27.8x0.9x
Fri, 10 Nov 2023€13.2b€14.7b€474.9m19.6x27.8x0.9x
Sun, 08 Oct 2023€12.8b€14.6b€457.9m19.2x28.1x0.9x
Tue, 05 Sep 2023€13.4b€14.6b€458.4m18.4x29.1x0.9x
Thu, 03 Aug 2023€12.6b€14.3b€485.5m16.8x26x0.9x
Sat, 01 Jul 2023€12.5b€14.3b€487.2m17.7x25.6x0.9x
Mon, 29 May 2023€12.7b€14.3b€491.6m19.2x25.9x0.9x
Wed, 26 Apr 2023€13.7b€13.9b€490.1m21.4x27.9x1x
Fri, 24 Mar 2023€14.4b€14.1b€586.7m21.8x24.5x1x
Sun, 19 Feb 2023€14.9b€13.8b€578.3m24.7x25.8x1.1x
Tue, 17 Jan 2023€14.1b€13.7b€576.6m24.8x24.5x1x
Price to Earnings Ratio

24.5x


Total Market Cap: €14.1bTotal 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 Market2.60%
Tech5.22%
IT2.56%
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 16.3%, 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€27.804.1%
+€151.5m
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

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