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German (DAX) IT Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies28
  • 7D5.0%
  • 3M-10.7%
  • 1Y15.3%
  • YTD15.5%

Over the last 7 days, the IT industry has risen 5.9%, driven by gains from Bechtle of 11%. This means that the industry has gained 16% over the past year. 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
Fri, 21 Nov 2025€15.5b€17.4b€752.8m22.6x20.6x0.9x
Sun, 19 Oct 2025€15.7b€17.4b€736.8m21.4x21.3x0.9x
Tue, 16 Sep 2025€17.1b€17.4b€735.3m26.3x23.3x1x
Thu, 14 Aug 2025€17.1b€17.4b€746.6m25.1x22.9x1x
Sat, 12 Jul 2025€18.2b€17.3b€684.2m27.4x26.5x1x
Mon, 09 Jun 2025€18.1b€17.3b€684.1m27.1x26.5x1x
Wed, 07 May 2025€16.7b€17.2b€704.2m25.2x23.8x1x
Fri, 04 Apr 2025€15.3b€17.0b€711.6m22x21.5x0.9x
Sun, 02 Mar 2025€11.1b€15.8b€547.3m19.4x20.3x0.7x
Tue, 28 Jan 2025€10.8b€15.8b€562.0m18.7x19.2x0.7x
Thu, 26 Dec 2024€10.6b€15.8b€562.0m18.1x18.8x0.7x
Sat, 23 Nov 2024€10.7b€15.8b€555.2m18.1x19.2x0.7x
Mon, 21 Oct 2024€11.2b€15.5b€551.7m19.5x20.2x0.7x
Wed, 18 Sep 2024€11.1b€15.5b€563.0m18.5x19.7x0.7x
Fri, 16 Aug 2024€11.6b€15.2b€560.6m18.7x20.7x0.8x
Sun, 14 Jul 2024€12.4b€15.3b€546.1m20.1x22.7x0.8x
Tue, 11 Jun 2024€13.5b€15.3b€545.4m20.7x24.7x0.9x
Thu, 09 May 2024€12.9b€15.0b€547.2m20.3x23.5x0.9x
Sat, 06 Apr 2024€13.7b€15.0b€546.8m21x25x0.9x
Mon, 04 Mar 2024€13.8b€14.7b€454.9m22.8x30.3x0.9x
Wed, 31 Jan 2024€14.1b€14.8b€458.7m23x30.8x1x
Fri, 29 Dec 2023€13.5b€14.9b€464.3m21.7x29.2x0.9x
Sun, 26 Nov 2023€13.4b€14.8b€462.3m21.8x29.1x0.9x
Tue, 24 Oct 2023€12.5b€14.6b€457.9m19.4x27.3x0.9x
Thu, 21 Sep 2023€13.0b€14.6b€458.3m19.6x28.5x0.9x
Sat, 19 Aug 2023€13.2b€14.6b€458.6m19.4x28.9x0.9x
Mon, 17 Jul 2023€12.8b€14.3b€487.8m18.1x26.2x0.9x
Wed, 14 Jun 2023€13.1b€14.3b€487.3m19.9x26.9x0.9x
Fri, 12 May 2023€13.2b€14.0b€501.8m20.1x26.4x0.9x
Sun, 09 Apr 2023€13.9b€13.9b€496.0m21.3x28.1x1x
Tue, 07 Mar 2023€14.6b€13.8b€579.4m23.8x25.2x1.1x
Thu, 02 Feb 2023€14.8b€13.7b€579.0m24.7x25.6x1.1x
Sat, 31 Dec 2022€12.6b€13.7b€576.6m22.4x21.9x0.9x
Mon, 28 Nov 2022€13.5b€13.5b€581.5m23.2x23.1x1x
Price to Earnings Ratio

23.1x


Total Market Cap: €13.5bTotal Earnings: €581.5mTotal Revenue: €13.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 24.4x202320242025
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 20.4x which is lower than its 3-year average PE of 24.5x.
  • 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 9.0% per year over the last three years.
  • Revenues for these companies have grown 8.8% 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-3.14%
Tech-5.01%
IT4.95%
IT Consulting6.42%
Internet Services and Infrastructure0.75%
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 15.8%, which is higher than its past year's earnings decline of 4.9% 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 0.46x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 5.9% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 16% 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
BC8 Bechtle€38.3810.0%
+€441.0m
19.3%PE22.5x
NA9 Nagarro€67.8050.7%
+€288.1m
-29.2%PE17.6x
IOS IONOS Group€26.900.7%
+€27.7m
17.2%PE16.7x
YSN secunet Security Networks€179.600.3%
+€3.9m
82.3%PE36.4x
6OK Solidx€0.2029.6%
+€1.6m
11.6%PS0.5x

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