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German (DAX) IT Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies27
  • 7D0.4%
  • 3M-12.0%
  • 1Y-7.7%
  • YTD-13.4%

Last week, the IT industry hasn't moved much but IONOS Group is up 4.7% in that time. As for the longer term, the industry has declined 7.7% in the last year. 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
Mon, 09 Mar 2026€14.2b€17.4b€736.0m27.7x19.2x0.8x
Wed, 04 Feb 2026€16.3b€17.4b€743.1m26.9x22x0.9x
Fri, 02 Jan 2026€16.4b€17.5b€744.4m25.6x22.1x0.9x
Sun, 30 Nov 2025€16.8b€17.4b€752.8m26x22.3x1x
Tue, 28 Oct 2025€16.1b€17.4b€736.8m21.9x21.9x0.9x
Thu, 25 Sep 2025€18.1b€17.4b€735.3m26.8x24.5x1x
Sat, 23 Aug 2025€17.4b€17.4b€736.8m25.2x23.6x1x
Mon, 21 Jul 2025€18.2b€17.3b€684.2m27.4x26.6x1x
Wed, 18 Jun 2025€17.5b€17.3b€684.1m26.7x25.6x1x
Fri, 16 May 2025€17.2b€17.2b€694.7m26.3x24.8x1x
Sun, 13 Apr 2025€14.6b€16.7b€692.2m18.8x21x0.9x
Tue, 11 Mar 2025€12.4b€15.8b€550.6m19.4x22.5x0.8x
Thu, 06 Feb 2025€11.0b€15.8b€544.5m19.5x20.2x0.7x
Sat, 04 Jan 2025€10.6b€15.8b€562.0m18.3x18.9x0.7x
Mon, 02 Dec 2024€10.6b€15.8b€558.4m18.4x18.9x0.7x
Wed, 30 Oct 2024€10.8b€15.5b€551.9m18.1x19.5x0.7x
Fri, 27 Sep 2024€11.5b€15.5b€563.9m19.2x20.4x0.7x
Sun, 25 Aug 2024€11.5b€15.2b€559.1m18.8x20.5x0.8x
Tue, 23 Jul 2024€12.3b€15.3b€546.1m20.1x22.6x0.8x
Thu, 20 Jun 2024€12.8b€15.3b€545.4m20.1x23.5x0.8x
Sat, 18 May 2024€13.4b€15.1b€546.2m20.9x24.5x0.9x
Mon, 15 Apr 2024€13.4b€15.0b€546.8m20.8x24.6x0.9x
Wed, 13 Mar 2024€13.7b€14.7b€445.4m23.5x30.7x0.9x
Fri, 09 Feb 2024€14.1b€14.7b€459.7m22.2x30.7x1x
Sun, 07 Jan 2024€13.0b€14.8b€458.9m20.9x28.3x0.9x
Tue, 05 Dec 2023€12.9b€14.8b€462.4m20.8x28x0.9x
Thu, 02 Nov 2023€12.1b€14.6b€461.0m19.5x26.2x0.8x
Sat, 30 Sep 2023€12.9b€14.6b€458.4m19.6x28.2x0.9x
Mon, 28 Aug 2023€13.2b€14.6b€458.0m19.1x28.9x0.9x
Wed, 26 Jul 2023€12.7b€14.3b€487.8m18.1x26x0.9x
Fri, 23 Jun 2023€12.8b€14.3b€486.9m18.5x26.2x0.9x
Sun, 21 May 2023€13.1b€14.2b€489.4m20.4x26.7x0.9x
Tue, 18 Apr 2023€14.2b€13.8b€486.7m21.8x29.2x1x
Thu, 16 Mar 2023€13.6b€13.8b€579.4m22.5x23.5x1x
Price to Earnings Ratio

23.5x


Total Market Cap: €13.6bTotal Earnings: €579.4mTotal Revenue: €13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 24.2x202420252026
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 19.2x which is lower than its 3-year average PE of 24.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 8.3% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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-6.41%
Tech-2.07%
IT0.41%
Internet Services and Infrastructure1.87%
Data Processing Services0%0
IT Consulting-0.032%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 23.2x.
    • Analysts are expecting annual earnings growth of 15.8%, which is higher than its past year's earnings decline of 16.2% 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 2.9x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Internet Services and Infrastructure 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
IOS IONOS Group€23.604.7%
+€143.3m		0.9%PE14.5x
GFT GFT Technologies€18.2821.7%
+€85.5m		-10.8%PE14.6x
BC8 Bechtle€33.521.4%
+€58.0m		-12.9%PE19.6x
YSN secunet Security Networks€198.804.6%
+€56.9m		8.8%PE40.3x
NA9 Nagarro€53.654.7%
+€30.4m		-35.6%PE13.9x

Latest News

GFT
€18.28
GFT Technologies
7D
21.7%
1Y
-10.8%
BC8
€33.52
Bechtle
7D
1.4%
1Y
-12.9%

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Analysts have trimmed their price target on Bechtle by €1, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that align with recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the modest €1 reduction in the price target as a fine tuning of their models rather than a shift in their broader view on Bechtle, with fair value assumptions still supported by current Street research.
IOS
€23.60
IONOS Group
7D
4.7%
1Y
0.9%

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Analysts have modestly lifted their price target for IONOS Group to €34.63, citing a slightly higher discount rate and updated long term assumptions around revenue growth, profit margins and future P/E as the main drivers of the change. What's in the News IONOS Group SE issued earnings guidance for fiscal 2026, giving investors a clearer view of management expectations for the next financial year.
COK
€23.90
Cancom
7D
1.7%
1Y
-9.1%
YSN
€198.80
secunet Security Networks
7D
4.6%
1Y
8.8%
ADN1
€66.10
adesso
7D
7.1%
1Y
-24.9%
NA9
€53.65
Nagarro
7D
4.7%
1Y
-35.6%
RTC
€1.13
RealTech
7D
-2.6%
1Y
-22.6%
C1V
€6.90
mVISE
7D
-4.2%
1Y
34.0%
A1OS
€35.40
All for One Group
7D
-4.3%
1Y
-34.4%
KSC
€0.35
KPS
7D
-12.2%
1Y
-57.6%

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SANT
€23.14
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7D
1.5%
1Y
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SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
QBY
€0.80
q.beyond
7D
-1.5%
1Y
9.2%
PLEK
€4.08
plenum
7D
-6.4%
1Y
-48.4%

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T3T1
€5.15
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7D
-1.9%
1Y
2.0%