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German (DAX) IT Consulting Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies24
  • 7D1.3%
  • 3M-9.4%
  • 1Y0.07%
  • YTDn/a

In the last week, the IT Consulting industry is up 1.3%, with secunet Security Networks up 4.6%. Meanwhile, GFT Technologies actually underperformed within the industry, shrinking 11% in the last week. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026€10.8b€15.6b€515.3m27.1x20.9x0.7x
Wed, 21 Jan 2026€12.3b€15.6b€522.4m26.2x23.6x0.8x
Fri, 19 Dec 2025€12.5b€15.7b€523.6m25.5x24x0.8x
Sun, 16 Nov 2025€11.8b€15.6b€533.7m23.5x22.2x0.8x
Tue, 14 Oct 2025€11.4b€15.5b€528.8m21.8x21.5x0.7x
Thu, 11 Sep 2025€11.3b€15.5b€527.6m21.6x21.4x0.7x
Sat, 09 Aug 2025€12.1b€15.6b€546.5m22.8x22.2x0.8x
Mon, 07 Jul 2025€12.0b€15.5b€502.0m21x23.8x0.8x
Wed, 04 Jun 2025€12.1b€15.5b€501.9m21.5x24.1x0.8x
Fri, 02 May 2025€11.8b€15.0b€525.4m19.9x22.4x0.8x
Sun, 30 Mar 2025€12.0b€15.2b€551.8m18.2x21.7x0.8x
Tue, 25 Feb 2025€11.3b€15.6b€555.2m18.3x20.3x0.7x
Thu, 23 Jan 2025€10.6b€15.6b€569.9m17.9x18.5x0.7x
Sat, 21 Dec 2024€10.4b€15.6b€569.9m16.9x18.2x0.7x
Mon, 18 Nov 2024€10.6b€15.6b€567.5m18.1x18.7x0.7x
Wed, 16 Oct 2024€11.0b€15.4b€562.8m19.5x19.5x0.7x
Fri, 13 Sep 2024€10.9b€15.3b€574.1m18.1x18.9x0.7x
Sun, 11 Aug 2024€11.5b€15.3b€575.0m18.7x20x0.8x
Tue, 09 Jul 2024€12.4b€15.1b€559.3m20x22.2x0.8x
Thu, 06 Jun 2024€13.4b€15.1b€558.6m21.1x23.9x0.9x
Sat, 04 May 2024€13.0b€14.8b€564.6m19.8x23.1x0.9x
Mon, 01 Apr 2024€13.5b€14.8b€505.0m22.7x26.8x0.9x
Wed, 28 Feb 2024€13.7b€14.5b€490.6m23.5x28x0.9x
Fri, 26 Jan 2024€14.0b€14.5b€496.8m22.8x28.1x1x
Sun, 24 Dec 2023€13.4b€14.6b€502.3m21.5x26.6x0.9x
Tue, 21 Nov 2023€13.7b€14.6b€496.3m21.7x27.6x0.9x
Thu, 19 Oct 2023€12.5b€14.4b€494.8m19.9x25.2x0.9x
Sat, 16 Sep 2023€13.1b€14.4b€490.7m22.2x26.7x0.9x
Mon, 14 Aug 2023€13.0b€14.3b€518.9m18.2x25.1x0.9x
Wed, 12 Jul 2023€12.3b€14.1b€525.0m18x23.5x0.9x
Fri, 09 Jun 2023€12.5b€14.1b€529.1m19.4x23.5x0.9x
Sun, 07 May 2023€14.0b€13.8b€535.6m22.2x26.2x1x
Tue, 04 Apr 2023€14.0b€13.5b€532.9m22.7x26.4x1x
Thu, 02 Mar 2023€14.3b€13.5b€595.2m24.7x24x1.1x
Price to Earnings Ratio

24x


Total Market Cap: €14.3bTotal Earnings: €595.2mTotal Revenue: €13.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Consulting Industry Price to Earnings3Y Average 23.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the German IT Consulting and Other Services 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 23.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have declined 4.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does German IT Consulting compare with similar industries?

DE Market1.94%
Tech1.79%
IT1.78%
IT Consulting1.33%
Internet Services and Infrastructure3.26%
Data Processing Services0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NA9 Nagarro€62.506.8%
+€50.6m		-27.3%PE16.2x
COK Cancom€24.006.7%
+€45.3m		-7.9%PE42x
YSN secunet Security Networks€195.403.4%
+€41.4m		41.6%PE39.6x
BC8 Bechtle€32.520.3%
+€12.6m		-4.0%PE19x
AEIN Allgeier€17.506.4%
+€12.0m		15.9%PE113x

Latest News

RTC
€1.42
RealTech
7D
44.9%
1Y
24.6%
BC8
€32.52
Bechtle
7D
0.3%
1Y
-4.0%

BC8: Higher Future P/E Expectations Will Support Stronger 2026 Earnings Power

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.
D6H
€71.60
DATAGROUP
7D
0.1%
1Y
71.7%
AEIN
€17.50
Allgeier
7D
6.4%
1Y
15.9%
GFT
€14.38
GFT Technologies
7D
-5.3%
1Y
-32.8%
ADN1
€61.00
adesso
7D
-0.3%
1Y
-31.7%

The Price Is Right For adesso SE (ETR:ADN1) Even After Diving 28%

Feb 12
The Price Is Right For adesso SE (ETR:ADN1) Even After Diving 28%
NA9
€62.50
Nagarro
7D
6.8%
1Y
-27.3%

NA9: AI Partnership And Share Buybacks Will Support Future Upside Potential

Analysts have trimmed their price target for Nagarro slightly from €90.25 to €89.75. This reflects small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E rather than any major shift in the underlying view.
C1V
€7.35
mVISE
7D
12.2%
1Y
30.1%
YSN
€195.40
secunet Security Networks
7D
3.4%
1Y
41.6%

YSN: Confirmed 2025 Margins And 2026 Guidance Will Support Upside Potential

Analysts have raised their price target on secunet Security Networks from €228.75 to €244.25. They cite updated assumptions regarding revenue growth, profit margin, a slightly adjusted discount rate, and a revised future P/E multiple.
COK
€24.00
Cancom
7D
6.7%
1Y
-7.9%
SANT
€22.60
Kontron
7D
-4.8%
1Y
7.3%

Do Kontron's (ETR:SANT) Earnings Warrant Your Attention?

Feb 06
Do Kontron's (ETR:SANT) Earnings Warrant Your Attention?
SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
NVQ
€9.00
Novabase S.G.P.S
7D
-2.7%
1Y
46.3%
OBS
€5.50
ORBIS
7D
-3.5%
1Y
-7.6%
PLEK
€4.64
plenum
7D
-7.2%
1Y
-41.3%

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Jul 29
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T3T1
€5.10
Seven Principles
7D
-1.9%
1Y
0%