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German (DAX) IT Consulting Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies24
  • 7D2.0%
  • 3M-12.7%
  • 1Y-1.3%
  • YTDn/a

The IT Consulting industry is up 2.0% in the last week, with Bechtle up 5.2%. In the same time, Nagarro was down 9.6%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026€10.8b€15.6b€515.3m27.4x21x0.7x
Wed, 28 Jan 2026€13.0b€15.6b€522.4m26.6x25x0.8x
Fri, 26 Dec 2025€12.5b€15.7b€523.6m25.3x23.8x0.8x
Sun, 23 Nov 2025€11.6b€15.6b€532.0m22.5x21.8x0.7x
Tue, 21 Oct 2025€11.3b€15.5b€528.8m21.6x21.4x0.7x
Thu, 18 Sep 2025€11.6b€15.5b€527.3m22.1x21.9x0.7x
Sat, 16 Aug 2025€11.8b€15.5b€532.0m23.6x22.1x0.8x
Mon, 14 Jul 2025€12.2b€15.5b€502.0m21.8x24.4x0.8x
Wed, 11 Jun 2025€12.3b€15.5b€501.9m22x24.5x0.8x
Fri, 09 May 2025€12.2b€15.4b€543.4m22.1x22.4x0.8x
Sun, 06 Apr 2025€11.1b€15.3b€546.0m17.3x20.3x0.7x
Tue, 04 Mar 2025€11.5b€15.6b€555.2m18.2x20.7x0.7x
Thu, 30 Jan 2025€10.7b€15.6b€569.9m17.8x18.9x0.7x
Sat, 28 Dec 2024€10.7b€15.6b€569.9m17.1x18.7x0.7x
Mon, 25 Nov 2024€10.5b€15.6b€566.3m18.1x18.6x0.7x
Wed, 23 Oct 2024€10.7b€15.4b€562.8m19.2x19.1x0.7x
Fri, 20 Sep 2024€11.4b€15.3b€574.1m19.3x19.8x0.7x
Sun, 18 Aug 2024€11.4b€15.0b€569.2m18.4x20x0.8x
Tue, 16 Jul 2024€12.3b€15.1b€559.3m19.3x21.9x0.8x
Thu, 13 Jun 2024€13.3b€15.1b€558.6m21.3x23.8x0.9x
Sat, 11 May 2024€13.0b€14.8b€564.4m20.8x23.1x0.9x
Mon, 08 Apr 2024€13.6b€14.8b€564.0m22.1x24.1x0.9x
Wed, 06 Mar 2024€13.6b€14.5b€490.5m23.4x27.7x0.9x
Fri, 02 Feb 2024€14.0b€14.5b€496.8m23.6x28.3x1x
Sun, 31 Dec 2023€13.5b€14.5b€496.9m21.9x27.2x0.9x
Tue, 28 Nov 2023€13.3b€14.6b€500.3m22.3x26.5x0.9x
Thu, 26 Oct 2023€12.2b€14.4b€494.8m19.7x24.6x0.8x
Sat, 23 Sep 2023€12.9b€14.4b€495.3m20.6x26x0.9x
Mon, 21 Aug 2023€13.1b€14.4b€495.5m19.5x26.5x0.9x
Wed, 19 Jul 2023€12.6b€14.1b€525.0m18.5x24x0.9x
Fri, 16 Jun 2023€13.1b€14.1b€524.5m20.8x24.9x0.9x
Sun, 14 May 2023€13.0b€13.7b€537.2m21.3x24.1x0.9x
Tue, 11 Apr 2023€13.8b€13.6b€531.4m22.9x26x1x
Thu, 09 Mar 2023€14.2b€13.5b€595.2m24x23.9x1.1x
Price to Earnings Ratio

23.9x


Total Market Cap: €14.2bTotal 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 0.82x.
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 Market0.50%
Tech-0.27%
IT1.07%
IT Consulting1.99%
Data Processing Services0%0
Internet Services and Infrastructure-1.83%
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
BC8 Bechtle€34.205.2%
+€211.7m		-1.1%PE20x
SANT Kontron€23.483.9%
+€54.1m		9.3%PE10.6x
GFT GFT Technologies€15.8210.0%
+€37.8m		-22.1%PE11.9x
NVQ Novabase S.G.P.S€9.203.4%
+€11.3m		27.8%PE47.1x
ADN1 adesso€62.402.3%
+€9.0m		-26.7%PE29.8x

Latest News

ADN1
€62.40
adesso
7D
2.3%
1Y
-26.7%
D6H
€72.60
DATAGROUP
7D
1.4%
1Y
79.7%

D6H: New Public Sector Contract Will Support A More Positive Outlook

Analysts have kept their price target for DATAGROUP steady at €86.0, citing largely unchanged assumptions for fair value, long term discount rate, revenue growth, profit margin, and future P/E. What's in the News DATAGROUP SE received a contract to manage the statewide operation of the BAFSYS2 specialist procedures in North Rhine-Westphalia, covering the IT platform for processing educational funding applications under BAfoG and AFBG, with preparatory work starting in August 2025 and full operation scheduled from mid 2026 (Key Developments).
NA9
€56.30
Nagarro
7D
-9.9%
1Y
-32.6%

NA9: AI Partnership And Stable Profit Outlook Will Support Future Upside

Analysts have raised their Nagarro price target to €89.75. This reflects updated assumptions for a slightly higher discount rate and future P/E multiple while keeping the underlying fair value estimate unchanged at €89.75.
OBS
€4.80
ORBIS
7D
-12.7%
1Y
-17.2%
YSN
€189.80
secunet Security Networks
7D
-2.9%
1Y
16.2%

YSN: 2026 Guidance And M&A Capacity Will Support Further Upside

Analysts have kept their €244.25 price target for secunet Security Networks unchanged, as a slightly higher discount rate and revised future P/E assumptions have offset each other in their updated models. What's in the News Management issued earnings guidance for fiscal 2026, with group revenue targeted in a range of €460 million to €500 million.
RTC
€1.17
RealTech
7D
-19.3%
1Y
-3.3%
BC8
€34.20
Bechtle
7D
5.2%
1Y
-1.1%

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.
AEIN
€17.30
Allgeier
7D
-1.1%
1Y
10.9%
6OK
€0.23
SolidX
7D
12.7%
1Y
25.7%
GFT
€15.82
GFT Technologies
7D
10.0%
1Y
-22.1%
A1OS
€37.50
All for One Group
7D
0.8%
1Y
-29.2%
COK
€23.85
Cancom
7D
-0.6%
1Y
-8.1%
SANT
€23.48
Kontron
7D
3.9%
1Y
9.3%

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
€9.20
Novabase S.G.P.S
7D
3.4%
1Y
27.8%
3ITN
€12.30
audius
7D
-1.6%
1Y
6.0%