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German (DAX) IT Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies28
  • 7D-1.8%
  • 3M7.1%
  • 1Y-16.2%
  • YTD-7.7%

Over the last 7 days, the IT industry has dropped 1.8%, driven by Bechtle declining 4.9%. Overall the industry is down 16% in 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026€15.6b€17.6b€816.3m23.7x19.1x0.9x
Wed, 06 May 2026€14.6b€17.4b€780.2m21.7x18.7x0.8x
Fri, 03 Apr 2026€13.4b€17.2b€751.8m25.9x17.9x0.8x
Sun, 01 Mar 2026€14.1b€17.4b€736.0m27.4x19.2x0.8x
Tue, 27 Jan 2026€17.0b€17.4b€743.1m26.7x22.9x1x
Thu, 25 Dec 2025€16.3b€17.5b€744.4m25.3x21.9x0.9x
Sat, 22 Nov 2025€15.5b€17.4b€752.8m22.5x20.5x0.9x
Mon, 20 Oct 2025€15.7b€17.4b€736.8m21.4x21.3x0.9x
Wed, 17 Sep 2025€17.0b€17.4b€735.3m26.1x23.2x1x
Fri, 15 Aug 2025€17.3b€17.4b€743.0m25.4x23.3x1x
Sun, 13 Jul 2025€18.0b€17.3b€684.2m26.9x26.3x1x
Tue, 10 Jun 2025€18.1b€17.3b€684.1m27.1x26.5x1x
Thu, 08 May 2025€16.7b€17.2b€708.1m25.4x23.5x1x
Sat, 05 Apr 2025€14.9b€17.0b€711.6m22x20.9x0.9x
Mon, 03 Mar 2025€11.1b€15.8b€547.3m19.4x20.3x0.7x
Wed, 29 Jan 2025€10.6b€15.8b€562.0m19.4x18.9x0.7x
Fri, 27 Dec 2024€10.6b€15.8b€562.0m18.1x18.8x0.7x
Sun, 24 Nov 2024€10.7b€15.8b€556.1m18.1x19.2x0.7x
Tue, 22 Oct 2024€11.2b€15.5b€551.7m19.4x20.3x0.7x
Thu, 19 Sep 2024€11.1b€15.5b€563.0m18.7x19.7x0.7x
Sat, 17 Aug 2024€11.5b€15.2b€558.0m18.7x20.6x0.8x
Mon, 15 Jul 2024€12.4b€15.3b€546.1m20.1x22.7x0.8x
Wed, 12 Jun 2024€13.4b€15.3b€545.4m20.7x24.6x0.9x
Fri, 10 May 2024€13.0b€15.0b€547.3m20.6x23.7x0.9x
Sun, 07 Apr 2024€13.6b€15.0b€546.8m21x25x0.9x
Tue, 05 Mar 2024€13.9b€14.7b€454.9m23.4x30.6x0.9x
Thu, 01 Feb 2024€14.0b€14.8b€458.7m23x30.5x0.9x
Sat, 30 Dec 2023€13.6b€14.9b€464.3m21.6x29.3x0.9x
Mon, 27 Nov 2023€13.4b€14.8b€462.3m21.8x29.1x0.9x
Wed, 25 Oct 2023€12.5b€14.6b€457.9m19.4x27.3x0.9x
Fri, 22 Sep 2023€12.9b€14.6b€458.4m19.4x28.1x0.9x
Sun, 20 Aug 2023€13.2b€14.6b€458.6m19.4x28.8x0.9x
Tue, 18 Jul 2023€12.7b€14.3b€487.8m18.1x26.1x0.9x
Thu, 15 Jun 2023€13.2b€14.3b€487.3m20x27.1x0.9x
Price to Earnings Ratio

27.1x


Total Market Cap: €13.2bTotal Earnings: €487.3mTotal Revenue: €14.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 23.5x202420252026
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 19.1x which is lower than its 3-year average PE of 23.5x.
  • 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-1.25%
Tech-3.43%
IT-1.75%
Internet Services and Infrastructure1.57%
Data Processing Services0%0
IT Consulting-2.97%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 4.7x.
    • Analysts are expecting annual earnings growth of 14.6%, which is lower than the prior year's growth of 71.0% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 22.6x.
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?

CompanyLast Price7D1YValuation
IOS IONOS Group€30.781.6%
+€65.9m		-26.1%PE19x
YSN secunet Security Networks€207.501.0%
+€12.9m		-5.3%PE45x
OBS ORBIS€5.405.9%
+€2.8m		-27.0%PE15.8x
A1OS All for One Group€32.501.6%
+€2.4m		-41.3%PE28.3x
QBY0 q.beyond€3.820.5%
+€498.3k		-11.4%PE112.6x

Latest News

KTN
€23.12
Kontron
7D
-0.4%
1Y
0.5%
ADN1
€55.80
adesso
7D
-13.8%
1Y
-37.9%
Narrative Update • Jun 06

ADN1: Sustained Digitalisation Demand Will Support Earnings Outlook Through 2026

Analysts have reduced their price target for adesso from €95.00 to €65.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News adesso reaffirmed earnings guidance for fiscal 2026, citing sustained demand for digitalisation projects, even as the German government now assesses the economy’s 2026 recovery trends as significantly weaker, source: company guidance update.
YSN
€207.50
secunet Security Networks
7D
1.0%
1Y
-5.3%
Narrative Update • Jun 02

YSN: 2026 Guidance And Dividend Will Support Further Upside

Analysts now maintain their €239.67 price target for secunet Security Networks while fine tuning assumptions around discount rate, revenue growth, profit margin and future P/E to reflect updated expectations for the business profile and perceived risk. What's in the News secunet Security Networks confirmed earnings guidance for 2026, with management continuing to expect revenue in a range of €460 million to €500 million and EBIT between €53 million and €58 million.
IOS
€30.78
IONOS Group
7D
1.6%
1Y
-26.1%
Narrative Update • Jun 01

IOS: AI Adoption And Strong Margins Will Support Future Upside Potential

Analysts have reduced their price target on IONOS Group from €44.40 to €40.00. This change reflects updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E expectations.
6OK
€0.21
SolidX
7D
5.9%
1Y
13.8%
A1OS
€32.50
All for One Group
7D
1.6%
1Y
-41.3%
Narrative Update • May 31

A1OS: Higher Discount Rate Will Set Up Future Repricing Opportunity

Analysts have cut their price target on All for One Group from €78.85 to €46.00, citing updated assumptions for fair value, a higher discount rate and a lower future P/E multiple, partly offset by slightly adjusted revenue growth and profit margin expectations. What's in the News Management revised earnings guidance for the 2025/26 financial year, with expected consolidated revenue in a range of €500 million to €530 million, now including the apsolut Group from March 2026 (Corporate Guidance).
DCIK
€6.80
DCI Database for Commerce and Industry
7D
4.6%
1Y
19.3%
OBS
€5.40
ORBIS
7D
5.9%
1Y
-27.0%
BC8
€32.28
Bechtle
7D
-4.9%
1Y
-18.9%
Narrative Update • May 25

BC8: Updated P E Framework Will Support Undervalued Outlook On Mixed Street Repricing

Analysts have nudged their price target on Bechtle slightly higher to €39.00, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E that align with recent price target changes and upgrades in Street research. Analyst Commentary Recent Street research on Bechtle has been mixed, with some analysts lifting price targets while others have trimmed theirs.
NA9
€41.06
Nagarro
7D
-2.9%
1Y
-29.6%
AEIN
€16.25
Allgeier
7D
-5.5%
1Y
-20.3%
COK
€27.45
Cancom
7D
-5.2%
1Y
-7.4%
QBY0
€3.82
q.beyond
7D
0.5%
1Y
-11.4%
GFT
€22.30
GFT Technologies
7D
-7.7%
1Y
-3.7%
SHF
€82.80
SNP Schneider-Neureither & Partner
7D
-1.7%
1Y
16.6%
AMI
€0.12
medondo holding
7D
9.4%
1Y
-66.7%