Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) IT Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies27
  • 7D0.5%
  • 3M-12.0%
  • 1Y-2.5%
  • YTD-15.3%

Over the last 7 days, the IT industry has risen 1.8%, and Nagarro contributed the most with a gain of 6.8%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026€13.9b€17.4b€736.0m27.1x18.8x0.8x
Thu, 22 Jan 2026€16.2b€17.4b€743.1m26.2x21.7x0.9x
Sat, 20 Dec 2025€16.3b€17.5b€744.4m25.4x21.9x0.9x
Mon, 17 Nov 2025€15.7b€17.4b€754.5m23.5x20.8x0.9x
Wed, 15 Oct 2025€16.0b€17.4b€736.8m22x21.7x0.9x
Fri, 12 Sep 2025€16.7b€17.4b€735.5m24.9x22.7x1x
Sun, 10 Aug 2025€17.9b€17.5b€741.8m26.8x24.1x1x
Tue, 08 Jul 2025€17.6b€17.3b€684.2m27.8x25.7x1x
Thu, 05 Jun 2025€18.3b€17.3b€684.1m28.1x26.7x1.1x
Sat, 03 May 2025€16.5b€16.7b€696.0m23.6x23.7x1x
Mon, 31 Mar 2025€15.7b€17.0b€717.8m19.1x21.8x0.9x
Wed, 26 Feb 2025€11.4b€15.8b€547.3m19.4x20.9x0.7x
Fri, 24 Jan 2025€10.6b€15.8b€562.0m18.8x18.9x0.7x
Sun, 22 Dec 2024€10.5b€15.8b€562.0m18.3x18.7x0.7x
Tue, 19 Nov 2024€10.8b€15.8b€559.6m18.9x19.4x0.7x
Thu, 17 Oct 2024€11.3b€15.5b€551.7m20x20.4x0.7x
Sat, 14 Sep 2024€11.1b€15.5b€563.0m18.4x19.7x0.7x
Mon, 12 Aug 2024€11.6b€15.4b€555.5m19x20.9x0.8x
Wed, 10 Jul 2024€12.3b€15.3b€546.1m19.3x22.6x0.8x
Fri, 07 Jun 2024€13.5b€15.3b€545.4m20.7x24.7x0.9x
Sun, 05 May 2024€13.2b€15.0b€547.5m18.8x24x0.9x
Tue, 02 Apr 2024€13.6b€15.0b€487.8m22.2x27.9x0.9x
Thu, 29 Feb 2024€13.7b€14.7b€455.0m22.9x30.2x0.9x
Sat, 27 Jan 2024€14.2b€14.8b€458.7m22.7x31x1x
Mon, 25 Dec 2023€13.5b€14.9b€464.3m21.4x29x0.9x
Wed, 22 Nov 2023€13.5b€14.9b€458.2m21.3x29.5x0.9x
Fri, 20 Oct 2023€12.5b€14.6b€457.9m19.3x27.3x0.9x
Sun, 17 Sep 2023€13.2b€14.6b€453.8m21.3x29x0.9x
Tue, 15 Aug 2023€13.5b€14.5b€481.8m17.6x27.9x0.9x
Thu, 13 Jul 2023€12.5b€14.3b€487.8m18.1x25.7x0.9x
Sat, 10 Jun 2023€12.6b€14.3b€491.9m18.5x25.7x0.9x
Mon, 08 May 2023€14.1b€14.0b€500.1m21.3x28.3x1x
Wed, 05 Apr 2023€14.2b€13.8b€497.4m21.4x28.5x1x
Fri, 03 Mar 2023€14.4b€13.8b€579.4m23.8x24.8x1x
Price to Earnings Ratio

24.8x


Total Market Cap: €14.4bTotal 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 Market0.83%
Tech1.10%
IT0.46%
IT Consulting0.67%
Data Processing Services0%0
Internet Services and Infrastructure-0.21%
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 15.1%, 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 2.6x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 15% 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
NA9 Nagarro€62.506.8%
+€50.6m		-27.3%PE16.2x
COK Cancom€24.006.7%
+€45.3m		-7.9%PE42x
YSN secunet Security Networks€195.403.4%
+€41.4m		41.6%PE39.6x
BC8 Bechtle€32.520.3%
+€12.6m		-4.0%PE19x
AEIN Allgeier€17.506.4%
+€12.0m		15.9%PE113x

Latest News

RTC
€1.45
RealTech
7D
48.0%
1Y
27.2%
BC8
€32.52
Bechtle
7D
0.3%
1Y
-4.0%

BC8: Higher Future P/E Expectations Will Support Stronger 2026 Earnings Power

Analysts have raised their fair value estimate for Bechtle from €52.00 to €56.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E expectations, even as some recent research, including a €1 trim to the price target at Deutsche Bank, points to a more cautious stance on near term performance drivers. Analyst Commentary Bullish analysts point to the higher fair value estimate of €56.00 as a signal that their core assumptions on discount rate, revenue growth, profit margins and future P/E have shifted in a more constructive direction, even if some individual price targets, such as the recent €1 trim, look slightly more cautious on the surface.
IOS
€22.80
IONOS Group
7D
-0.2%
1Y
-5.4%

IOS: Medium Term Guidance And Rising Profitability Will Drive Strong Returns

Analysts have trimmed their price target for IONOS Group from €36.26 to €34.63, citing updated assumptions for discount rates, revenue growth expectations, and future P/E, which modestly lower their assessed fair value. What's in the News IONOS Group SE issued earnings guidance for fiscal 2026, giving investors a clearer view of management's medium term goals for the business.
D6H
€71.60
DATAGROUP
7D
0.1%
1Y
71.7%
AEIN
€17.50
Allgeier
7D
6.4%
1Y
15.9%
GFT
€14.38
GFT Technologies
7D
-5.3%
1Y
-32.8%
ADN1
€61.00
adesso
7D
-0.3%
1Y
-31.7%

The Price Is Right For adesso SE (ETR:ADN1) Even After Diving 28%

Feb 12
The Price Is Right For adesso SE (ETR:ADN1) Even After Diving 28%
NA9
€62.50
Nagarro
7D
6.8%
1Y
-27.3%

NA9: AI Partnership And Share Buybacks Will Support Future Upside Potential

Analysts have trimmed their price target for Nagarro slightly from €90.25 to €89.75. This reflects small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E rather than any major shift in the underlying view.
C1V
€7.35
mVISE
7D
12.2%
1Y
30.1%
YSN
€195.40
secunet Security Networks
7D
3.4%
1Y
41.6%

YSN: Confirmed 2025 Margins And 2026 Guidance Will Support Upside Potential

Analysts have raised their price target on secunet Security Networks from €228.75 to €244.25. They cite updated assumptions regarding revenue growth, profit margin, a slightly adjusted discount rate, and a revised future P/E multiple.
COK
€24.00
Cancom
7D
6.7%
1Y
-7.9%
SANT
€22.60
Kontron
7D
-4.8%
1Y
7.3%

Do Kontron's (ETR:SANT) Earnings Warrant Your Attention?

Feb 06
Do Kontron's (ETR:SANT) Earnings Warrant Your Attention?
SHF
€66.80
SNP Schneider-Neureither & Partner
7D
-1.2%
1Y
49.4%
NVQ
€8.90
Novabase S.G.P.S
7D
-3.8%
1Y
24.5%
OBS
€5.50
ORBIS
7D
-3.5%
1Y
-7.6%
PLEK
€4.60
plenum
7D
-8.0%
1Y
-41.8%

Investors Holding Back On plenum AG (FRA:PLEK)

Jul 29
Investors Holding Back On plenum AG (FRA:PLEK)