German (DAX) IT Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 06 Jun 2026	€15.6b	€17.6b	€816.3m	23.7x	19.1x	0.9x
Mon, 04 May 2026	€14.1b	€17.4b	€777.9m	21.6x	18.2x	0.8x
Wed, 01 Apr 2026	€13.2b	€17.1b	€747.0m	27.6x	17.7x	0.8x
Fri, 27 Feb 2026	€13.9b	€17.4b	€736.0m	27.5x	18.9x	0.8x
Sun, 25 Jan 2026	€16.7b	€17.4b	€743.1m	26.5x	22.5x	1x
Tue, 23 Dec 2025	€16.3b	€17.5b	€744.4m	25.5x	22x	0.9x
Thu, 20 Nov 2025	€15.5b	€17.4b	€752.8m	22.6x	20.6x	0.9x
Sat, 18 Oct 2025	€15.7b	€17.4b	€736.8m	21.4x	21.3x	0.9x
Mon, 15 Sep 2025	€16.9b	€17.4b	€735.3m	25.5x	23x	1x
Wed, 13 Aug 2025	€16.8b	€17.4b	€742.6m	24.5x	22.6x	1x
Fri, 11 Jul 2025	€18.2b	€17.3b	€684.2m	27.4x	26.5x	1x
Sun, 08 Jun 2025	€18.1b	€17.3b	€684.1m	27.1x	26.5x	1x
Tue, 06 May 2025	€16.6b	€16.7b	€696.0m	23.6x	23.9x	1x
Thu, 03 Apr 2025	€15.4b	€17.0b	€711.6m	21.6x	21.6x	0.9x
Sat, 01 Mar 2025	€11.2b	€15.8b	€547.3m	19.4x	20.5x	0.7x
Mon, 27 Jan 2025	€10.8b	€15.8b	€562.0m	19.1x	19.2x	0.7x
Wed, 25 Dec 2024	€10.6b	€15.8b	€562.0m	18.1x	18.8x	0.7x
Fri, 22 Nov 2024	€10.7b	€15.8b	€555.2m	18.7x	19.2x	0.7x
Sun, 20 Oct 2024	€11.2b	€15.5b	€551.7m	19.5x	20.2x	0.7x
Tue, 17 Sep 2024	€11.0b	€15.5b	€563.0m	18.4x	19.6x	0.7x
Thu, 15 Aug 2024	€11.5b	€15.1b	€556.1m	19.3x	20.6x	0.8x
Sat, 13 Jul 2024	€12.4b	€15.3b	€546.1m	20.1x	22.7x	0.8x
Mon, 10 Jun 2024	€13.5b	€15.3b	€545.4m	20.7x	24.7x	0.9x
Wed, 08 May 2024	€13.2b	€15.0b	€545.6m	20.2x	24.2x	0.9x
Fri, 05 Apr 2024	€13.8b	€15.0b	€546.8m	21x	25.2x	0.9x
Sun, 03 Mar 2024	€13.8b	€14.7b	€454.9m	22.8x	30.3x	0.9x
Tue, 30 Jan 2024	€14.3b	€14.8b	€458.7m	23.2x	31.1x	1x
Thu, 28 Dec 2023	€13.6b	€14.9b	€464.3m	21.6x	29.3x	0.9x
Sat, 25 Nov 2023	€13.5b	€14.8b	€462.3m	21.8x	29.1x	0.9x
Mon, 23 Oct 2023	€12.4b	€14.6b	€457.9m	19.2x	27.1x	0.8x
Wed, 20 Sep 2023	€12.9b	€14.6b	€457.3m	19.4x	28.2x	0.9x
Fri, 18 Aug 2023	€13.2b	€14.6b	€458.6m	19.3x	28.8x	0.9x
Sun, 16 Jul 2023	€12.8b	€14.3b	€487.8m	18.1x	26.2x	0.9x
Tue, 13 Jun 2023	€12.8b	€14.3b	€487.3m	19.7x	26.3x	0.9x

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 19.1x which is lower than its 3-year average PE of 23.5x.

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 19% 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	-1.53%
Tech	0.39%
IT	0.79%
Internet Services and Infrastructure	9.11%
Data Processing Services	0%	0
IT Consulting	-2.08%

Industry PE

Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 4.6x.

Analysts are expecting annual earnings growth of 14.6%, 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 22.6x.

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 13% per year 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
IOS IONOS Group	€30.78	9.4% +€362.2m	-26.1%	PE19x
NA9 Nagarro	€41.06	1.2% +€5.9m	-29.3%	PE10.7x
GFT GFT Technologies	€22.30	0.9% +€5.1m	-3.5%	PE16.6x
OBS ORBIS	€5.40	8.0% +€3.8m	-26.0%	PE15.8x
A1OS All for One Group	€32.50	1.2% +€1.9m	-41.3%	PE28.3x

Kontron AG Launches CERES-TSN Managed Time-Sensitive Networking Switch for Defense Applications

Kontron AG announced the CERES-TSN, a compact, rugged, managed Ethernet switch designed for secure and reliable networking in mission-critical defense environments. It integrates time-sensitive networking (TSN), high bandwidth, and advanced security in a compact, fanless platform designed for embedded networks in ground defense systems and naval applications, with optional use in avionics. The switch offers up to 28 fully managed Layer 2/3 ports, including up to 24 1-GbE ports and four 10-GbE optical interfaces via rugged 38999-type connectors. Built on a Microchip LAN9696TSN switch fabric, it delivers a line-rate forwarding performance of up to 66 Gbps for fast and reliable data communication in complex network architectures. With support for IEEE 1588v2 Precision Time Protocol and IEEE 802.1AS, CERES-TSN enables low-latency, deterministic communication which is essential for real-time applications such as high-resolution camera streams, sensor fusion, and rapid threat detection. Typical applications include combat vehicle networks, C4I/C4ISR systems, avionics, naval platforms, tactical communications and data acquisition systems. The switch supports IPv4/IPv6 routing, multicast, QoS, VLANs, and redundancy and is managed via SNMP, CLI, and a web-based GUI. Security features include secure boot (upon request), HTTPS, SSH, and IEEE 802.1X network access control. Optional PoE+ support provides a direct power supply for connected edge devices, such as cameras and sensors. This simplifies system design and reduces cabling complexity. The CERES-TSN’s conduction-cooled design meets MIL-STD-810G and MIL-STD-461F standards. It operates from -40°C to +55°C (+71°C on request), and is housed in a compact IP65-rated enclosure, ensuring reliable operation in harsh environments. Designed and manufactured in Europe, CERES-TSN is ITAR- and BAFA-free. It is developed and produced as a fully controlled platform by a single manufacturer, eliminating dependency on third-party modules. This reduces integration risks and simplifies safety-critical qualification processes. A guaranteed lifecycle of at least 10 years is backed by long-term services and warranty extensions of up to five years. The CERES-TSN is available now in a 28-port version, with an additional variant planned for later this year. Kontron will showcase the CERES-TSN at Eurosatory in Paris from June 15 to 19, 2026, in Hall A, Booth E55.

German (DAX) IT Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Kontron AG Launches CERES-TSN Managed Time-Sensitive Networking Switch for Defense Applications

YSN: 2026 Guidance And Dividend Will Support Further Upside

IOS: AI Adoption And Strong Margins Will Support Future Upside Potential

First half 2026 earnings released: EPS: €0.99 (vs €1.35 in 1H 2025)

SolidX AB (publ) to Report Fiscal Year 2026 Results on Jun 29, 2026

A1OS: Higher Discount Rate Will Set Up Future Repricing Opportunity

Upcoming dividend of €0.78 per share

Consensus EPS estimates increase by 56%, revenue downgraded

BC8: Updated P E Framework Will Support Undervalued Outlook On Mixed Street Repricing

Dividend of €1.00 announced

Allgeier SE, Annual General Meeting, Jun 30, 2026

First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind

GFT Technologies SE, Annual General Meeting, Jun 25, 2026

RealTech AG, Annual General Meeting, Jun 25, 2026

First quarter 2026 earnings released: EPS: €1.42 (vs €0.67 in 1Q 2025)

New minor risk - Financial data availability