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German (DAX) IT Consulting Industry Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies24
  • 7D-0.4%
  • 3M10.7%
  • 1Y19.4%
  • YTDn/a

Last week, the IT Consulting industry hasn't moved much but Nagarro is up 5.8% in that time. The past year has been better, since the industry has gained 19% in that time. 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
Thu, 11 Dec 2025€12.4b€15.7b€528.3m25.2x23.6x0.8x
Sat, 08 Nov 2025€10.7b€15.6b€526.3m21.9x20.3x0.7x
Mon, 06 Oct 2025€11.8b€15.5b€528.8m22.6x22.3x0.8x
Wed, 03 Sep 2025€11.3b€15.5b€528.0m22x21.3x0.7x
Fri, 01 Aug 2025€12.0b€15.5b€497.2m21.3x24.2x0.8x
Sun, 29 Jun 2025€12.1b€15.5b€501.8m21.8x24.2x0.8x
Tue, 27 May 2025€12.0b€15.5b€501.1m22.3x24x0.8x
Thu, 24 Apr 2025€11.5b€15.0b€525.4m19.6x21.9x0.8x
Sat, 22 Mar 2025€12.6b€15.6b€549.6m19.1x22.9x0.8x
Mon, 17 Feb 2025€11.2b€15.6b€555.0m18x20.1x0.7x
Wed, 15 Jan 2025€10.1b€15.6b€569.9m16.9x17.6x0.6x
Fri, 13 Dec 2024€10.7b€15.6b€566.3m18.5x19x0.7x
Sun, 10 Nov 2024€10.4b€15.5b€558.1m16.9x18.6x0.7x
Tue, 08 Oct 2024€11.4b€15.4b€565.1m19.7x20.2x0.7x
Thu, 05 Sep 2024€10.7b€15.0b€563.7m18.2x19.1x0.7x
Sat, 03 Aug 2024€11.9b€15.1b€562.3m19.3x21.2x0.8x
Mon, 01 Jul 2024€12.6b€15.1b€558.6m20.7x22.5x0.8x
Wed, 29 May 2024€13.4b€15.1b€559.3m20.5x24x0.9x
Fri, 26 Apr 2024€12.9b€14.8b€562.4m21.3x23x0.9x
Sun, 24 Mar 2024€13.3b€14.6b€485.7m23.5x27.4x0.9x
Tue, 20 Feb 2024€13.5b€14.5b€491.8m23.6x27.5x0.9x
Thu, 18 Jan 2024€13.1b€14.5b€496.9m22x26.5x0.9x
Sat, 16 Dec 2023€13.3b€14.6b€500.4m22.3x26.6x0.9x
Mon, 13 Nov 2023€12.8b€14.5b€517.0m20.3x24.8x0.9x
Wed, 11 Oct 2023€12.9b€14.4b€494.8m20x26.1x0.9x
Fri, 08 Sep 2023€13.2b€14.4b€492.6m21.1x26.9x0.9x
Sun, 06 Aug 2023€12.6b€14.1b€530.7m18.3x23.8x0.9x
Tue, 04 Jul 2023€12.3b€14.1b€525.0m18.1x23.4x0.9x
Thu, 01 Jun 2023€12.5b€14.1b€528.8m19.6x23.6x0.9x
Sat, 29 Apr 2023€13.8b€13.7b€529.2m22.4x26.1x1x
Mon, 27 Mar 2023€13.9b€13.8b€596.6m21.9x23.3x1x
Wed, 22 Feb 2023€14.7b€13.5b€594.1m24.6x24.7x1.1x
Fri, 20 Jan 2023€13.7b€13.5b€592.4m25.1x23.1x1x
Sun, 18 Dec 2022€12.6b€13.5b€593.9m23.4x21.2x0.9x
Price to Earnings Ratio

21.2x


Total Market Cap: €12.6bTotal Earnings: €593.9mTotal Revenue: €13.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Consulting Industry Price to Earnings3Y Average 23.2x202320242025
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 0.84x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have declined 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.2% 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 Market2.00%
Tech1.41%
IT-0.54%
IT Consulting-0.39%
Data Processing Services0%0
Internet Services and Infrastructure-1.04%
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€78.904.4%
+€43.3m		-15.7%PE20.9x
GFT GFT Technologies€18.422.9%
+€13.6m		-25.0%PE13.8x
YSN secunet Security Networks€186.801.1%
+€12.9m		58.3%PE37.8x
A1OS All for One Group€41.401.7%
+€3.4m		-24.5%PE12.5x
COK Cancom€27.350.4%
+€3.1m		14.2%PE48.6x

Latest News

BC8
€43.36
Bechtle
7D
-2.1%
1Y
38.2%

BC8: 2026 IT Spending Revival Will Likely Shape Fairly Priced Outlook

Analysts have raised their price target on Bechtle by approximately EUR 1, reflecting expectations for improving organic growth in German IT resellers and a potential revival in IT spending from 2026. This supports slightly higher fair value and profit margin assumptions despite modestly lower revenue growth forecasts.
NA9
€78.90
Nagarro
7D
4.4%
1Y
-15.7%

A Look At The Intrinsic Value Of Nagarro SE (ETR:NA9)

Dec 08
A Look At The Intrinsic Value Of Nagarro SE (ETR:NA9)
D6H
€66.00
DATAGROUP
7D
-2.1%
1Y
43.5%

D6H: Cloud Contracts And SME Services Will Support A Steady Outlook

Analysts have modestly raised their price target on DATAGROUP to €66.00. This reflects slightly higher long term assumptions for the company’s discount rate and future valuation multiples, while revenue growth and margins remain broadly unchanged.
AEIN
€19.70
Allgeier
7D
-4.4%
1Y
18.3%
SANT
€22.40
Kontron
7D
-1.4%
1Y
21.4%
YSN
€186.80
secunet Security Networks
7D
1.1%
1Y
58.3%

Returns On Capital Signal Tricky Times Ahead For secunet Security Networks (ETR:YSN)

Nov 29
Returns On Capital Signal Tricky Times Ahead For secunet Security Networks (ETR:YSN)
COK
€27.35
Cancom
7D
0.4%
1Y
14.2%

Here's Why Cancom (ETR:COK) Can Manage Its Debt Responsibly

Nov 28
Here's Why Cancom (ETR:COK) Can Manage Its Debt Responsibly
C1V
€5.93
mVISE
7D
-20.8%
1Y
42.5%
GFT
€18.42
GFT Technologies
7D
2.9%
1Y
-25.0%
A1OS
€41.40
All for One Group
7D
1.7%
1Y
-24.5%
3ITN
€12.00
audius
7D
0.8%
1Y
-2.0%
ADN1
€89.70
adesso
7D
-2.5%
1Y
-5.5%
SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
OBS
€5.90
ORBIS
7D
-1.7%
1Y
0%
NVQ
€8.65
Novabase S.G.P.S
7D
0.6%
1Y
51.8%

What Novabase S.G.P.S., S.A.'s (FRA:NVQ) P/E Is Not Telling You

Oct 28
What Novabase S.G.P.S., S.A.'s (FRA:NVQ) P/E Is Not Telling You