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German (DAX) IT Consulting Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies25
  • 7D6.5%
  • 3M-14.9%
  • 1Y-4.4%
  • YTDn/a

In the last week, the IT Consulting industry is up 6.5%, with Bechtle up 6.6%. However, the industry is down 4.4% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026€11.2b€16.0b€574.0m23.1x19.5x0.7x
Thu, 19 Mar 2026€10.1b€15.6b€513.2m28x19.7x0.6x
Sat, 14 Feb 2026€10.7b€15.6b€518.7m27.1x20.6x0.7x
Mon, 12 Jan 2026€12.9b€15.7b€521.5m26.2x24.7x0.8x
Wed, 10 Dec 2025€12.5b€15.7b€528.3m25.2x23.6x0.8x
Fri, 07 Nov 2025€10.7b€15.6b€526.3m21.9x20.4x0.7x
Sun, 05 Oct 2025€11.8b€15.5b€528.8m22.6x22.3x0.8x
Tue, 02 Sep 2025€11.7b€15.5b€528.0m23.3x22.2x0.8x
Thu, 31 Jul 2025€12.1b€15.5b€497.2m21.4x24.3x0.8x
Sat, 28 Jun 2025€12.1b€15.5b€501.8m21.8x24.2x0.8x
Mon, 26 May 2025€11.8b€15.5b€501.1m21.5x23.5x0.8x
Wed, 23 Apr 2025€11.3b€15.0b€525.4m19.5x21.4x0.8x
Fri, 21 Mar 2025€12.8b€15.6b€549.6m19.6x23.3x0.8x
Sun, 16 Feb 2025€11.2b€15.6b€555.0m18x20.1x0.7x
Tue, 14 Jan 2025€10.3b€15.6b€569.9m17.1x18x0.7x
Thu, 12 Dec 2024€10.8b€15.6b€566.3m18.8x19x0.7x
Sat, 09 Nov 2024€10.4b€15.5b€568.7m16.9x18.3x0.7x
Mon, 07 Oct 2024€11.5b€15.4b€565.1m19.9x20.3x0.7x
Wed, 04 Sep 2024€11.0b€15.0b€563.7m18.5x19.6x0.7x
Fri, 02 Aug 2024€12.2b€15.1b€561.9m19.8x21.6x0.8x
Sun, 30 Jun 2024€12.6b€15.1b€558.6m20.7x22.5x0.8x
Tue, 28 May 2024€13.6b€15.1b€559.3m20.5x24.3x0.9x
Thu, 25 Apr 2024€13.2b€14.8b€561.4m21.6x23.4x0.9x
Sat, 23 Mar 2024€13.3b€14.6b€485.7m23.5x27.3x0.9x
Mon, 19 Feb 2024€13.9b€14.5b€491.8m23.6x28.3x1x
Wed, 17 Jan 2024€13.2b€14.5b€496.9m21.9x26.5x0.9x
Fri, 15 Dec 2023€13.1b€14.6b€500.4m22.1x26.1x0.9x
Sun, 12 Nov 2023€12.8b€14.5b€517.0m20.3x24.8x0.9x
Tue, 10 Oct 2023€12.7b€14.4b€494.8m19.9x25.6x0.9x
Thu, 07 Sep 2023€13.3b€14.4b€492.6m21.4x27x0.9x
Sat, 05 Aug 2023€12.6b€14.1b€522.7m17.3x24.1x0.9x
Mon, 03 Jul 2023€12.4b€14.1b€525.0m18.1x23.6x0.9x
Wed, 31 May 2023€12.6b€14.1b€528.8m19.6x23.7x0.9x
Fri, 28 Apr 2023€13.6b€13.7b€529.2m22.3x25.7x1x
Price to Earnings Ratio

25.7x


Total Market Cap: €13.6bTotal Earnings: €529.2mTotal Revenue: €13.7bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Consulting Industry Price to Earnings3Y Average 22.9x202420252026
Current Industry PE
  • Investors are pessimistic on the German IT Consulting and Other Services 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 19.5x which is lower than its 3-year average PE of 22.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 2.7% per year over the last three years.
  • Revenues for these companies have grown 5.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does German IT Consulting compare with similar industries?

DE Market3.70%
Tech10.75%
IT8.84%
IT Consulting6.48%
Internet Services and Infrastructure16.17%
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
BC8 Bechtle€31.003.7%
+€138.6m		-10.5%PE17x
KTN Kontron€21.649.2%
+€114.8m		-1.4%PE9.8x
NA9 Nagarro€49.008.5%
+€48.6m		-24.7%PE12.7x
SHF SNP Schneider-Neureither & Partner€86.607.4%
+€43.7m		29.3%PE24x
GFT GFT Technologies€18.988.6%
+€38.3m		-13.7%PE14.8x

Latest News

NA9
€49.00
Nagarro
7D
8.5%
1Y
-24.7%
AEIN
€17.80
Allgeier
7D
-0.3%
1Y
-13.2%
BC8
€31.00
Bechtle
7D
3.7%
1Y
-10.5%

BC8: 2026 IT Revival Hopes Will Face Cautious Execution And Budget Timing

Analysts have reduced their fair value estimate for Bechtle from €34.50 to €31.00, reflecting recent cuts and an upgrade in price targets that highlight more cautious assumptions regarding growth, profitability, and required returns. Analyst Commentary Recent research shows a more cautious tone around Bechtle, with multiple price target cuts clustering over a short period.
KTN
€21.64
Kontron
7D
9.2%
1Y
-1.4%
ADN1
€60.10
adesso
7D
6.0%
1Y
-36.8%

ADN1: Dividend Visibility And Expanded Partnership Will Support Future Upside Potential

Analysts have trimmed their price target for adesso from about €127.83 to about €114.17. They now apply a higher discount rate, slightly lower revenue growth and profit margin assumptions, and a higher future P/E multiple in their models.
YSN
€192.40
secunet Security Networks
7D
1.7%
1Y
-2.4%

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

Analysts have maintained their price target for secunet Security Networks at €244.25. This reflects updated assumptions that include a slightly lower discount rate, modestly higher revenue growth, a small adjustment to profit margin expectations and a lower future P/E multiple.
COK
€26.25
Cancom
7D
4.8%
1Y
3.1%

Cancom's (ETR:COK) Soft Earnings Don't Show The Whole Picture

Apr 03
Cancom's (ETR:COK) Soft Earnings Don't Show The Whole Picture
GFT
€18.98
GFT Technologies
7D
8.6%
1Y
-13.7%
3ITN
€11.40
audius
7D
-1.7%
1Y
1.8%
A1OS
€35.10
All for One Group
7D
-2.5%
1Y
-30.6%
6OK
€0.18
SolidX
7D
-4.2%
1Y
84.0%
SHF
€86.60
SNP Schneider-Neureither & Partner
7D
7.4%
1Y
29.3%
NVQ
€9.00
Novabase S.G.P.S
7D
-0.2%
1Y
25.9%