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German (DAX) IT Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies27
  • 7D-9.2%
  • 3M1.9%
  • 1Y6.4%
  • YTD-9.6%

Over the last 7 days, the IT industry has dropped 11%, driven by a pullback from Bechtle of 15%. Over the past 12 months, the industry was up 7.7%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026€14.8b€17.4b€739.5m26.8x20x0.8x
Fri, 09 Jan 2026€16.8b€17.5b€742.3m26.1x22.7x1x
Sun, 07 Dec 2025€16.3b€17.5b€749.0m25.4x21.8x0.9x
Tue, 04 Nov 2025€15.5b€17.4b€736.8m21.9x21x0.9x
Thu, 02 Oct 2025€17.2b€17.4b€736.8m24.4x23.4x1x
Sat, 30 Aug 2025€17.0b€17.4b€736.8m25x23x1x
Mon, 28 Jul 2025€17.9b€17.3b€680.0m28.1x26.3x1x
Wed, 25 Jun 2025€17.6b€17.3b€684.1m26.7x25.7x1x
Fri, 23 May 2025€17.0b€17.3b€683.3m26.2x24.9x1x
Sun, 20 Apr 2025€15.2b€16.7b€690.4m19.5x22x0.9x
Tue, 18 Mar 2025€12.9b€15.8b€545.9m19.2x23.7x0.8x
Thu, 13 Feb 2025€11.2b€15.8b€544.4m19.5x20.5x0.7x
Sat, 11 Jan 2025€10.4b€15.8b€562.0m18.2x18.5x0.7x
Mon, 09 Dec 2024€10.8b€15.8b€558.4m18.5x19.3x0.7x
Wed, 06 Nov 2024€10.2b€15.5b€551.9m17.7x18.5x0.7x
Fri, 04 Oct 2024€11.4b€15.2b€554.0m20.2x20.6x0.8x
Sun, 01 Sep 2024€11.4b€15.2b€557.9m19.3x20.3x0.7x
Tue, 30 Jul 2024€12.1b€15.3b€548.8m20.3x22.1x0.8x
Thu, 27 Jun 2024€12.7b€15.3b€545.4m20x23.3x0.8x
Sat, 25 May 2024€13.6b€15.3b€546.1m19.7x24.8x0.9x
Mon, 22 Apr 2024€12.8b€15.0b€544.6m20.6x23.6x0.9x
Wed, 20 Mar 2024€13.6b€14.8b€469.7m22.9x28.9x0.9x
Fri, 16 Feb 2024€14.0b€14.7b€460.3m22.5x30.4x1x
Sun, 14 Jan 2024€13.4b€14.8b€458.9m22x29.2x0.9x
Tue, 12 Dec 2023€13.0b€14.8b€462.4m21.4x28x0.9x
Thu, 09 Nov 2023€12.9b€14.7b€474.9m20x27.2x0.9x
Sat, 07 Oct 2023€12.9b€14.6b€457.9m19.2x28.1x0.9x
Mon, 04 Sep 2023€13.4b€14.6b€458.4m18.6x29.2x0.9x
Wed, 02 Aug 2023€12.8b€14.3b€485.5m16.8x26.4x0.9x
Fri, 30 Jun 2023€12.4b€14.3b€486.9m18x25.4x0.9x
Sun, 28 May 2023€12.7b€14.3b€491.6m19.2x25.9x0.9x
Tue, 25 Apr 2023€13.8b€13.9b€493.8m20.9x27.9x1x
Thu, 23 Mar 2023€14.1b€14.1b€586.7m21.2x24x1x
Sat, 18 Feb 2023€14.9b€13.8b€578.3m24.7x25.8x1.1x
Price to Earnings Ratio

25.8x


Total Market Cap: €14.9bTotal Earnings: €578.3mTotal Revenue: €13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 24.3x202420252026
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 20.3x which is lower than its 3-year average PE of 24.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 8.5% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 Market0.85%
Tech4.87%
IT-9.24%
Data Processing Services0%0
IT Consulting-9.10%
Internet Services and Infrastructure-9.71%
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 15.7%, 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 2.3x.
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
SANT Kontron€23.284.0%
+€55.3m
16.9%PE10.5x
C1V mVISE€8.255.1%
+€852.0k
0%PS2.3x
RTC RealTech€0.981.6%
+€80.8k
-12.5%PE57.8x
1YT FutureSmart Holdings€0.3525.0%
+€70.0k
n/aPS50.9x

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