German (DAX) IT Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 17 Jun 2026	€14.7b	€17.6b	€816.3m	22.6x	18.1x	0.8x
Fri, 15 May 2026	€14.7b	€17.6b	€813.4m	20.6x	18.1x	0.8x
Sun, 12 Apr 2026	€13.2b	€17.1b	€755.6m	23.5x	17.4x	0.8x
Tue, 10 Mar 2026	€13.9b	€17.4b	€733.9m	28x	19x	0.8x
Thu, 05 Feb 2026	€16.1b	€17.4b	€743.1m	26.8x	21.6x	0.9x
Sat, 03 Jan 2026	€16.5b	€17.5b	€742.1m	26.6x	22.2x	0.9x
Mon, 01 Dec 2025	€16.8b	€17.4b	€752.8m	26x	22.3x	1x
Wed, 29 Oct 2025	€15.9b	€17.4b	€736.8m	22.4x	21.5x	0.9x
Fri, 26 Sep 2025	€17.8b	€17.4b	€736.7m	26.4x	24.1x	1x
Sun, 24 Aug 2025	€17.4b	€17.4b	€736.8m	25.2x	23.6x	1x
Tue, 22 Jul 2025	€18.2b	€17.3b	€684.2m	27.4x	26.6x	1x
Thu, 19 Jun 2025	€17.6b	€17.3b	€684.1m	26.7x	25.7x	1x
Sat, 17 May 2025	€17.0b	€17.2b	€694.7m	25.7x	24.5x	1x
Mon, 14 Apr 2025	€14.6b	€16.7b	€690.4m	18.8x	21.1x	0.9x
Wed, 12 Mar 2025	€12.2b	€15.8b	€550.6m	19x	22.1x	0.8x
Fri, 07 Feb 2025	€11.2b	€15.8b	€544.5m	19.5x	20.5x	0.7x
Sun, 05 Jan 2025	€10.6b	€15.8b	€562.0m	18.3x	18.9x	0.7x
Tue, 03 Dec 2024	€10.4b	€15.8b	€558.4m	18.7x	18.7x	0.7x
Thu, 31 Oct 2024	€10.4b	€15.5b	€551.9m	17.7x	18.9x	0.7x
Sat, 28 Sep 2024	€11.7b	€15.2b	€553.9m	20.7x	21.1x	0.8x
Mon, 26 Aug 2024	€11.5b	€15.2b	€559.1m	18.8x	20.5x	0.8x
Wed, 24 Jul 2024	€12.2b	€15.3b	€546.1m	20.2x	22.4x	0.8x
Fri, 21 Jun 2024	€13.0b	€15.3b	€545.4m	20.4x	23.9x	0.9x
Sun, 19 May 2024	€13.4b	€15.2b	€545.4m	20.9x	24.6x	0.9x
Tue, 16 Apr 2024	€13.4b	€15.0b	€546.8m	20.8x	24.6x	0.9x
Thu, 14 Mar 2024	€13.6b	€14.7b	€465.0m	23.5x	29.3x	0.9x
Sat, 10 Feb 2024	€14.1b	€14.7b	€459.7m	22.6x	30.7x	1x
Mon, 08 Jan 2024	€13.0b	€14.8b	€458.9m	20.9x	28.3x	0.9x
Wed, 06 Dec 2023	€13.1b	€14.8b	€462.4m	20.9x	28.2x	0.9x
Fri, 03 Nov 2023	€12.3b	€14.6b	€461.0m	20x	26.8x	0.8x
Sun, 01 Oct 2023	€12.9b	€14.6b	€458.4m	19.6x	28.2x	0.9x
Tue, 29 Aug 2023	€13.4b	€14.6b	€458.0m	19.4x	29.2x	0.9x
Thu, 27 Jul 2023	€12.7b	€14.3b	€487.8m	17.1x	26x	0.9x
Sat, 24 Jun 2023	€12.6b	€14.3b	€486.9m	18.6x	25.9x	0.9x

Current Industry PE

Investors are pessimistic on the German IT 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 18.1x which is lower than its 3-year average PE of 23.4x.

The industry is trading close to its 3-year average PS ratio of 0.86x.

Past Earnings Growth

The earnings for companies in the IT industry have grown 19% per year over the last three years.
Revenues for these companies have grown 7.1% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the German Tech industry?


DE Market	1.53%
Tech	-2.91%
IT	-0.30%
Data Processing Services	0%	0
IT Consulting	-0.27%
Internet Services and Infrastructure	-0.41%

Industry PE

Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 22.6x.

Analysts are expecting annual earnings growth of 13.2%, which is higher than its past year's earnings growth of 3.8% per year.

Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.8x.

Forecasted Growth

Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 15% over the next 5 years.
However this is lower than its past earnings growth rate of 71% per year.

In contrast, the IT Consulting industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation
KTN Kontron	€23.52	5.0% +€70.3m	-2.2%	PE11.1x
BC8 Bechtle	€31.60	1.5% +€60.5m	-14.4%	PE16.9x
GFT GFT Technologies	€23.05	8.2% +€44.7m	0.7%	PE17.1x
IOS IONOS Group	€27.24	0.5% +€19.2m	-33.9%	PE16.8x
YSN secunet Security Networks	€184.60	1.1% +€12.9m	-10.2%	PE40x

Q.Beyond Ag Launches Ai Act as A Service

Q.Beyond AG has launched a new offering: “AI Act as a Service”. This service enables managers responsible for AI to evaluate the AI systems in use at their company and swiftly obtain an auditable assessment of their AI-related risks, including relevant documentation and verification. Q.Beyond’s AI Act as a Service supports them in placing AI applications at their company on a safe regulatory footing. This in turn accelerates their AI deployment and forms the basis for boosting AI-driven productivity gains and value creation. The EU AI Act is the European AI Regulation, the world’s first legal framework for deploying artificial intelligence at companies. The legislation is already in force and is gradually taking binding effect for companies. Relevant dates in this respect include August 2026 for most of the general requirements and December 2027 for high-risk AI systems. The EU is pursuing the objectives of minimizing any risks to security, health, and basic rights arising at companies due to the use of artificial intelligence while at the same time boosting innovation. The regulatory requirements depend not on the size of a given company, but rather on the potential risk posed by an AI application. This may vary widely between individual sectors and application scenarios. This is precisely the issue which Q.Beyond’s new service addresses: It provides companies of all sizes and in all sectors with an overview of the regulatory risks they face due to the AI systems they already use or plan to use. Companies typically already deploy several dozen large language models (LLMs) and agents. The service can be booked directly on Q.Beyond’s website and drawn on without any prior integration. Alongside a monthly subscription which, depending on the price scale, may cover one to several accounts, a free version is also available. This already enables companies to perform a basic assessment of the requirements placed by the EU AI Act in an AI application. The service particularly targets corporate decision-makers, such as CIOs, compliance managers, and CISOs. The service attracted the attention of numerous Q.Beyond customers during its previous trial phase and is already being put to productive use. Q.Beyond additionally advises companies on deploying AI securely and in line with data protection requirements. With its “Private Enterprise AI” platform, the company also offers a secure and protected environment for processing sensitive company information. Furthermore, the IT service provider develops AI agents for companies operating in the retail, manufacturing, logistics, banking & insurance, healthcare, and energy sectors, as well as for the public sector. These solutions are subsequently operated as managed services and sustainably enhance the business value of Q.Beyond’s SME customers.

German (DAX) IT Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

YSN: Dividend And 2026 Guidance Will Drive Further Share Price Upside

IOS: Lower Discount Rate And Steady Margins Will Support Strong Returns

A1OS: Higher Discount Rate And Dividend Will Support Future Repricing

Upcoming dividend of €0.24 per share

Ennoconn Corporation (TWSE:6414) proposed to acquire an additional 67.78% stake in Kontron AG (XTRA:KTN) for approximately €980 million.

Q.Beyond Ag Launches Ai Act as A Service

Upcoming dividend of €0.70 per share

Novabase S.G.P.S., S.A. to Report First Half, 2026 Results on Jul 30, 2026

NA9: New CFO Appointment And Share Buyback Will Drive Future Upside

ADN1: Sustained Digitalisation Demand Will Support Earnings Outlook Through 2026

First half 2026 earnings released: EPS: €0.99 (vs €1.35 in 1H 2025)

New major risk - Market cap size

Consensus EPS estimates increase by 56%, revenue downgraded

Allgeier SE, Annual General Meeting, Jun 30, 2026

GFT Technologies SE, Annual General Meeting, Jun 25, 2026

First quarter 2026 earnings released: EPS: €1.42 (vs €0.67 in 1Q 2025)