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German (DAX) IT Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies27
  • 7D0.4%
  • 3M-12.4%
  • 1Y-7.7%
  • YTD-13.4%

Last week, the IT industry hasn't moved much but GFT Technologies is up 16% in that time. Unfortunately though, the industry is down 7.7% over the past 12 months. 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, 07 Mar 2026€14.2b€17.4b€736.0m27.7x19.2x0.8x
Mon, 02 Feb 2026€16.9b€17.4b€743.1m26.7x22.7x1x
Wed, 31 Dec 2025€16.4b€17.5b€744.4m25.6x22.1x0.9x
Fri, 28 Nov 2025€16.6b€17.4b€752.8m25.4x22x0.9x
Sun, 26 Oct 2025€16.2b€17.4b€736.8m21.7x22x0.9x
Tue, 23 Sep 2025€17.8b€17.4b€735.3m27.5x24.2x1x
Thu, 21 Aug 2025€17.1b€17.4b€739.4m24.8x23.1x1x
Sat, 19 Jul 2025€18.2b€17.3b€684.2m27.4x26.6x1x
Mon, 16 Jun 2025€17.7b€17.3b€684.1m26.9x25.9x1x
Wed, 14 May 2025€17.0b€17.3b€706.7m25.4x24x1x
Fri, 11 Apr 2025€14.9b€17.0b€710.7m20x20.9x0.9x
Sun, 09 Mar 2025€12.6b€15.8b€550.6m19.8x23x0.8x
Tue, 04 Feb 2025€11.1b€15.8b€544.5m19.4x20.5x0.7x
Thu, 02 Jan 2025€10.6b€15.8b€562.0m18.1x18.9x0.7x
Sat, 30 Nov 2024€10.6b€15.8b€558.4m18.4x18.9x0.7x
Mon, 28 Oct 2024€10.8b€15.5b€551.7m19.2x19.6x0.7x
Wed, 25 Sep 2024€11.2b€15.5b€563.9m19.3x19.9x0.7x
Fri, 23 Aug 2024€11.4b€15.2b€559.1m18.9x20.4x0.8x
Sun, 21 Jul 2024€12.1b€15.3b€546.1m20.2x22.2x0.8x
Tue, 18 Jun 2024€12.9b€15.3b€545.4m20x23.7x0.8x
Thu, 16 May 2024€13.4b€15.0b€547.7m21.1x24.5x0.9x
Sat, 13 Apr 2024€13.4b€15.0b€546.8m20.8x24.6x0.9x
Mon, 11 Mar 2024€13.6b€14.7b€445.4m23.4x30.6x0.9x
Wed, 07 Feb 2024€14.1b€14.7b€459.7m21.9x30.7x1x
Fri, 05 Jan 2024€13.1b€14.8b€458.9m20.9x28.6x0.9x
Sun, 03 Dec 2023€13.2b€14.8b€462.4m21x28.5x0.9x
Tue, 31 Oct 2023€12.0b€14.6b€461.0m19.9x26.1x0.8x
Thu, 28 Sep 2023€12.8b€14.6b€458.4m18.9x27.8x0.9x
Sat, 26 Aug 2023€13.3b€14.6b€457.9m19.1x29x0.9x
Mon, 24 Jul 2023€12.7b€14.3b€487.8m18.1x26.1x0.9x
Wed, 21 Jun 2023€12.9b€14.3b€486.9m19.6x26.5x0.9x
Fri, 19 May 2023€13.0b€14.0b€498.3m20.4x26.1x0.9x
Sun, 16 Apr 2023€14.3b€13.7b€486.7m22x29.4x1x
Tue, 14 Mar 2023€13.9b€13.8b€579.4m22.4x23.9x1x
Price to Earnings Ratio

23.9x


Total Market Cap: €13.9bTotal Earnings: €579.4mTotal Revenue: €13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 24.2x202420252026
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 19.2x which is lower than its 3-year average PE of 24.2x.
  • 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 8.3% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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-6.42%
Tech-2.07%
IT0.41%
Internet Services and Infrastructure1.87%
Data Processing Services0%0
IT Consulting-0.031%
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 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 2.8x.
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
GFT GFT Technologies€18.2815.5%
+€64.5m		-9.1%PE13.7x
YSN secunet Security Networks€198.804.7%
+€58.2m		2.4%PE40.3x
IOS IONOS Group€23.601.9%
+€58.1m		0.4%PE14.5x
ADN1 adesso€66.105.9%
+€23.7m		-25.9%PE31.5x
AEIN Allgeier€18.054.3%
+€8.6m		-3.0%PE116.5x

Latest News

COK
€23.90
Cancom
7D
0.2%
1Y
-12.5%
YSN
€198.80
secunet Security Networks
7D
4.7%
1Y
2.4%
ADN1
€66.10
adesso
7D
5.9%
1Y
-25.9%
NA9
€53.65
Nagarro
7D
-4.7%
1Y
-36.1%
D6H
€73.40
DATAGROUP
7D
1.1%
1Y
75.8%

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OBS
€5.00
ORBIS
7D
4.2%
1Y
-13.0%
IOS
€23.60
IONOS Group
7D
1.9%
1Y
0.4%
BC8
€33.52
Bechtle
7D
-2.0%
1Y
-14.9%

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Analysts have raised their fair value estimate for Bechtle from €52.00 to €56.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E expectations, even as some recent research, including a €1 trim to the price target at Deutsche Bank, points to a more cautious stance on near term performance drivers. Analyst Commentary Bullish analysts point to the higher fair value estimate of €56.00 as a signal that their core assumptions on discount rate, revenue growth, profit margins and future P/E have shifted in a more constructive direction, even if some individual price targets, such as the recent €1 trim, look slightly more cautious on the surface.
AEIN
€18.05
Allgeier
7D
4.3%
1Y
-3.0%
GFT
€18.28
GFT Technologies
7D
15.5%
1Y
-9.1%
A1OS
€35.40
All for One Group
7D
-5.6%
1Y
-33.2%
KSC
€0.35
KPS
7D
-9.3%
1Y
-59.6%

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SANT
€23.14
Kontron
7D
-1.4%
1Y
-1.9%

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Feb 06
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SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
QBY
€0.80
q.beyond
7D
0.2%
1Y
8.1%
NVQ
€9.00
Novabase S.G.P.S
7D
-2.2%
1Y
26.8%