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German (DAX) IT Consulting Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies24
  • 7D-1.3%
  • 3M11.4%
  • 1Y25.1%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 1.3%, driven by a pullback from Bechtle of 2.8%. On the other hand secunet Security Networks is actually up 5.5%. Over the past 12 months, the industry was up 25%. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026€12.8b€15.6b€522.4m26.5x24.5x0.8x
Wed, 24 Dec 2025€12.5b€15.7b€523.6m25.3x23.8x0.8x
Fri, 21 Nov 2025€11.7b€15.6b€532.0m22.5x21.9x0.7x
Sun, 19 Oct 2025€11.1b€15.5b€528.8m21.4x20.9x0.7x
Tue, 16 Sep 2025€11.4b€15.5b€527.3m21.7x21.6x0.7x
Thu, 14 Aug 2025€11.7b€15.5b€538.7m23.3x21.7x0.8x
Sat, 12 Jul 2025€12.4b€15.5b€502.0m22.1x24.7x0.8x
Mon, 09 Jun 2025€12.2b€15.5b€501.9m22.2x24.4x0.8x
Wed, 07 May 2025€12.2b€15.4b€539.5m22.1x22.5x0.8x
Fri, 04 Apr 2025€11.5b€15.3b€546.0m17.9x21x0.8x
Sun, 02 Mar 2025€11.0b€15.6b€555.2m18x19.8x0.7x
Tue, 28 Jan 2025€10.7b€15.6b€569.9m17.7x18.8x0.7x
Thu, 26 Dec 2024€10.5b€15.6b€569.9m16.9x18.4x0.7x
Sat, 23 Nov 2024€10.5b€15.6b€563.1m18.1x18.7x0.7x
Mon, 21 Oct 2024€11.1b€15.4b€562.8m19.2x19.7x0.7x
Wed, 18 Sep 2024€11.0b€15.3b€574.1m18.4x19.2x0.7x
Fri, 16 Aug 2024€11.5b€15.0b€571.8m18.3x20.1x0.8x
Sun, 14 Jul 2024€12.3b€15.1b€559.3m19.3x22x0.8x
Tue, 11 Jun 2024€13.4b€15.1b€558.6m21.3x23.9x0.9x
Thu, 09 May 2024€12.8b€14.8b€564.3m20.6x22.7x0.9x
Sat, 06 Apr 2024€13.6b€14.8b€564.0m22.1x24.1x0.9x
Mon, 04 Mar 2024€13.7b€14.5b€490.5m23.1x27.9x0.9x
Wed, 31 Jan 2024€14.0b€14.5b€496.8m23.5x28.3x1x
Fri, 29 Dec 2023€13.5b€14.6b€502.3m21.8x26.8x0.9x
Sun, 26 Nov 2023€13.4b€14.6b€500.3m22.3x26.7x0.9x
Tue, 24 Oct 2023€12.4b€14.4b€494.8m19.8x25x0.9x
Thu, 21 Sep 2023€13.0b€14.4b€495.2m20.4x26.2x0.9x
Sat, 19 Aug 2023€13.1b€14.4b€495.6m19.5x26.5x0.9x
Mon, 17 Jul 2023€12.7b€14.1b€525.0m18.5x24.2x0.9x
Wed, 14 Jun 2023€13.0b€14.1b€524.5m20.8x24.8x0.9x
Fri, 12 May 2023€13.1b€13.7b€537.2m21x24.5x1x
Sun, 09 Apr 2023€13.8b€13.6b€531.4m22.9x26x1x
Tue, 07 Mar 2023€14.5b€13.5b€595.2m24.4x24.3x1.1x
Thu, 02 Feb 2023€14.6b€13.5b€594.8m24.8x24.6x1.1x
Price to Earnings Ratio

24.6x


Total Market Cap: €14.6bTotal Earnings: €594.8mTotal Revenue: €13.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Consulting Industry Price to Earnings3Y Average 23.3x202420252026
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 23.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have declined 4.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.0% 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 Market-1.04%
Tech-1.47%
IT-0.56%
IT Consulting-1.30%
Internet Services and Infrastructure1.97%
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
YSN secunet Security Networks€205.505.5%
+€69.2m		77.2%PE41.6x
NA9 Nagarro€70.002.6%
+€22.8m		-16.8%PE18.2x
D6H DATAGROUP€70.201.4%
+€8.3m		61.4%PE26.5x
NVQ Novabase S.G.P.S€9.302.2%
+€7.5m		55.0%PE47.6x
OBS ORBIS€6.157.9%
+€4.3m		3.4%PE16.7x

Latest News

D6H
€70.20
DATAGROUP
7D
1.4%
1Y
61.4%

D6H: Future Dividend Cut And Modest Contracts Will Limit Upside Potential

Analysts have raised their price target on DATAGROUP from €54 to approximately €58, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio that they view as better aligned with the company's current profile. What's in the News DATAGROUP SE won a contract to manage the statewide operation of the BAFSYS2 specialist procedures in North Rhine-Westphalia, covering the IT platform for BAfoG and AFBG educational funding applications from mid 2026, with preparations starting in August 2025 (Client Announcements).
BC8
€43.70
Bechtle
7D
-2.8%
1Y
39.5%

BC8: 2026 IT Spending Revival Will Support Stronger Earnings Power

Analysts have lifted their fair value estimate for Bechtle from €51.00 to €52.00, citing expectations for a 2026 IT spending revival that they view as supportive of slightly stronger revenue growth, profit margins and a lower future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight the upgrade case as tied to expectations for an IT spending revival in 2026, which they see as supportive for Bechtle's revenue trajectory and operational execution.
COK
€28.30
Cancom
7D
-1.0%
1Y
15.8%
GFT
€20.85
GFT Technologies
7D
0.5%
1Y
-4.8%
ADN1
€84.40
adesso
7D
-5.2%
1Y
-10.4%

adesso (ETR:ADN1) Seems To Use Debt Quite Sensibly

Jan 22
adesso (ETR:ADN1) Seems To Use Debt Quite Sensibly
YSN
€205.50
secunet Security Networks
7D
5.5%
1Y
77.2%

secunet Security Networks Aktiengesellschaft's (ETR:YSN) Popularity With Investors Is Under Threat From Overpricing

Jan 21
secunet Security Networks Aktiengesellschaft's (ETR:YSN) Popularity With Investors Is Under Threat From Overpricing
A1OS
€42.60
All for One Group
7D
0.5%
1Y
-32.2%
NVQ
€9.30
Novabase S.G.P.S
7D
2.2%
1Y
55.0%
NA9
€70.00
Nagarro
7D
2.6%
1Y
-16.8%

NA9: AI Partnerships And Tuck In Deals Will Drive Future Shareholder Value

Narrative Update on Nagarro Analysts now hold their fair value estimate for Nagarro steady at €90.25 per share, with only minor tweaks to inputs such as the discount rate and assumed future P/E that fine tune rather than overhaul their overall view. What's in the News Nagarro has become an OpenAI Services Partner, supporting enterprises across Asia Pacific in adopting OpenAI technologies such as the OpenAI API and ChatGPT Enterprise, with a focus on advisory, engineering and enablement for generative AI solutions and responsible deployment in core workflows (Client Announcements).
AEIN
€22.40
Allgeier
7D
-1.3%
1Y
54.0%
SANT
€23.56
Kontron
7D
-5.7%
1Y
21.1%

Kontron AG's (ETR:SANT) Low P/E No Reason For Excitement

Dec 15
Kontron AG's (ETR:SANT) Low P/E No Reason For Excitement
C1V
€5.65
mVISE
7D
6.6%
1Y
79.9%
KSC
€0.53
KPS
7D
-1.9%
1Y
-36.6%
3ITN
€12.30
audius
7D
-7.5%
1Y
9.8%
SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
OBS
€6.15
ORBIS
7D
7.9%
1Y
3.4%