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German (DAX) IT Industry Analysis

UpdatedJul 19, 2025
DataAggregated Company Financials
Companies26
  • 7D1.0%
  • 3M19.4%
  • 1Y20.3%
  • YTD36.3%

Over the last 7 days, the IT industry has risen 1.0%, driven by gains from Kontron of 10.0%. Meanwhile, secunet Security Networks actually underperformed within the industry, shrinking 7.1% in the last week. In the last 12 months, the industry was up 20%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Jul 2025€18.2b€17.3b€684.2m27.4x26.6x1x
Mon, 16 Jun 2025€17.7b€17.3b€684.1m26.9x25.9x1x
Wed, 14 May 2025€17.0b€17.3b€706.7m25.4x24x1x
Fri, 11 Apr 2025€14.9b€17.0b€710.7m20x20.9x0.9x
Sun, 09 Mar 2025€12.6b€15.8b€550.6m19.8x23x0.8x
Tue, 04 Feb 2025€11.1b€15.8b€544.5m19.4x20.5x0.7x
Thu, 02 Jan 2025€10.6b€15.8b€562.0m18.1x18.9x0.7x
Sat, 30 Nov 2024€10.6b€15.8b€558.4m18.4x18.9x0.7x
Mon, 28 Oct 2024€10.8b€15.5b€551.7m19.2x19.6x0.7x
Wed, 25 Sep 2024€11.2b€15.5b€563.9m19.3x19.9x0.7x
Fri, 23 Aug 2024€11.4b€15.2b€559.1m18.9x20.4x0.8x
Sun, 21 Jul 2024€12.1b€15.3b€546.1m20.2x22.2x0.8x
Tue, 18 Jun 2024€12.9b€15.3b€545.4m20x23.7x0.8x
Thu, 16 May 2024€13.4b€15.0b€547.7m21.1x24.5x0.9x
Sat, 13 Apr 2024€13.4b€15.0b€546.8m20.8x24.6x0.9x
Mon, 11 Mar 2024€13.6b€14.7b€445.4m23.4x30.6x0.9x
Wed, 07 Feb 2024€14.1b€14.7b€459.7m21.9x30.7x1x
Fri, 05 Jan 2024€13.1b€14.8b€458.9m20.9x28.6x0.9x
Sun, 03 Dec 2023€13.2b€14.8b€462.4m21x28.5x0.9x
Tue, 31 Oct 2023€12.0b€14.6b€461.0m19.9x26.1x0.8x
Thu, 28 Sep 2023€12.8b€14.6b€458.4m18.9x27.8x0.9x
Sat, 26 Aug 2023€13.3b€14.6b€457.9m19.1x29x0.9x
Mon, 24 Jul 2023€12.7b€14.3b€487.8m18.1x26.1x0.9x
Wed, 21 Jun 2023€12.9b€14.3b€486.9m19.6x26.5x0.9x
Fri, 19 May 2023€13.0b€14.0b€498.3m20.4x26.1x0.9x
Sun, 16 Apr 2023€14.3b€13.7b€486.7m22x29.4x1x
Tue, 14 Mar 2023€13.9b€13.8b€579.4m22.4x23.9x1x
Thu, 09 Feb 2023€14.9b€13.7b€579.0m25.1x25.7x1.1x
Sat, 07 Jan 2023€13.2b€13.7b€576.6m23.3x22.9x1x
Mon, 05 Dec 2022€9.1b€8.0b€334.4m23x27.1x1.1x
Wed, 02 Nov 2022€12.4b€13.2b€592.2m20.6x21x0.9x
Fri, 30 Sep 2022€11.8b€13.2b€594.4m18.7x19.8x0.9x
Sun, 28 Aug 2022€13.8b€13.2b€583.2m23.2x23.7x1x
Tue, 26 Jul 2022€15.1b€12.8b€572.9m24.6x26.3x1.2x
Price to Earnings Ratio

26.3x


Total Market Cap: €15.1bTotal Earnings: €572.9mTotal Revenue: €12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 24.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the German IT 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 24.4x.
  • The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 6.1% per year over the last three years.
  • Revenues for these companies have grown 11% 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-0.30%
Tech1.77%
IT1.04%
IT Consulting1.08%
Internet Services and Infrastructure0.95%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings decline of 38.9% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 23.3x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 39% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SANT Kontron€28.4810.0%
+€158.4m
45.2%PE19.1x
BC8 Bechtle€39.501.2%
+€58.0m
0.05%PE22x
IOS IONOS Group€40.851.0%
+€55.5m
59.3%PE30.4x
NA9 Nagarro€59.854.8%
+€34.8m
-22.3%PE17.3x
ADN1 adesso€91.005.4%
+€30.1m
2.1%PE74.3x

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