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
Thu, 23 Jul 2026	€15.4b	€17.6b	€806.3m	20.6x	19.1x	0.9x
Sat, 20 Jun 2026	€14.4b	€17.6b	€816.3m	20.4x	17.7x	0.8x
Mon, 18 May 2026	€14.7b	€17.6b	€825.9m	19.7x	17.8x	0.8x
Wed, 15 Apr 2026	€13.5b	€17.1b	€755.6m	24.4x	17.9x	0.8x
Fri, 13 Mar 2026	€13.8b	€17.4b	€733.9m	28.8x	18.7x	0.8x
Sun, 08 Feb 2026	€15.2b	€17.4b	€739.5m	26.9x	20.5x	0.9x
Tue, 06 Jan 2026	€16.8b	€17.5b	€742.3m	26.5x	22.6x	1x
Thu, 04 Dec 2025	€16.3b	€17.5b	€749.0m	25.4x	21.7x	0.9x
Sat, 01 Nov 2025	€15.7b	€17.4b	€736.8m	22x	21.3x	0.9x
Mon, 29 Sep 2025	€17.5b	€17.4b	€736.8m	25.4x	23.7x	1x
Wed, 27 Aug 2025	€17.1b	€17.4b	€736.8m	25.4x	23.3x	1x
Fri, 25 Jul 2025	€18.1b	€17.3b	€684.2m	27.4x	26.4x	1x
Sun, 22 Jun 2025	€17.2b	€17.3b	€684.1m	26.4x	25.2x	1x
Tue, 20 May 2025	€17.2b	€17.3b	€684.2m	24.8x	25.1x	1x
Thu, 17 Apr 2025	€15.2b	€16.7b	€690.4m	19.4x	21.9x	0.9x
Sat, 15 Mar 2025	€12.7b	€15.8b	€550.6m	19.2x	23x	0.8x
Mon, 10 Feb 2025	€11.0b	€15.8b	€544.5m	19.5x	20.2x	0.7x
Wed, 08 Jan 2025	€10.7b	€15.8b	€562.0m	18.8x	19.1x	0.7x
Fri, 06 Dec 2024	€10.7b	€15.8b	€558.4m	19x	19.2x	0.7x
Sun, 03 Nov 2024	€10.2b	€15.5b	€551.9m	17.8x	18.6x	0.7x
Tue, 01 Oct 2024	€11.6b	€15.2b	€553.9m	20.5x	21x	0.8x
Thu, 29 Aug 2024	€11.3b	€15.2b	€557.9m	19.3x	20.3x	0.7x
Sat, 27 Jul 2024	€12.2b	€15.3b	€548.8m	20.2x	22.3x	0.8x
Mon, 24 Jun 2024	€12.9b	€15.3b	€545.4m	20.2x	23.6x	0.8x
Wed, 22 May 2024	€13.4b	€15.2b	€551.9m	20.8x	24.4x	0.9x
Fri, 19 Apr 2024	€12.9b	€15.0b	€544.6m	20.8x	23.8x	0.9x
Sun, 17 Mar 2024	€13.7b	€14.8b	€469.7m	23.3x	29.1x	0.9x
Tue, 13 Feb 2024	€14.1b	€14.7b	€460.3m	22.2x	30.7x	1x
Thu, 11 Jan 2024	€13.1b	€14.8b	€458.9m	21.6x	28.5x	0.9x
Sat, 09 Dec 2023	€13.0b	€14.8b	€462.4m	20.8x	28.1x	0.9x
Mon, 06 Nov 2023	€12.7b	€14.7b	€474.0m	20.8x	26.8x	0.9x
Wed, 04 Oct 2023	€12.8b	€14.6b	€458.4m	19.7x	27.9x	0.9x
Fri, 01 Sep 2023	€13.5b	€14.6b	€458.1m	19.3x	29.5x	0.9x
Sun, 30 Jul 2023	€12.9b	€14.3b	€485.5m	16.8x	26.6x	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 19.1x which is lower than its 3-year average PE of 23.2x.

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 18% 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	-0.49%
Tech	-2.33%
IT	1.36%
IT Consulting	1.70%
Internet Services and Infrastructure	0.48%
Data Processing Services	0%	0

Industry PE

Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 22.4x.

Analysts are expecting annual earnings growth of 13.9%, 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 5.5x.

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 14% 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
A1OS All for One Group	€67.40	94.2% +€151.0m	33.7%	PE57.3x
BC8 Bechtle	€30.88	0.6% +€22.7m	-20.9%	PE16.5x
IOS IONOS Group	€30.54	0.5% +€21.8m	-23.3%	PE18.6x
ADN1 adesso	€54.60	3.4% +€11.5m	-38.0%	PE12.9x
D6H0 DATAGROUP	€77.00	1.3% +€8.3m	26.2%	PE33.6x

Ennoconn Corporation (TWSE:6414) cancelled the acquisition of an additional 67.78% stake in Kontron AG (XTRA:KTN).

Ennoconn Corporation (TWSE:6414) proposed to acquire an additional 67.78% stake in Kontron AG (XTRA:KTN) for approximately €980 million on June 10, 2026. The offer price shall amount to €23.5 per share in cash. Hannes Niederhauser, CEO of Kontron, intends to remain invested in Kontron and will not accept the mandatory takeover offer in respect of the shares in Kontron held by him, representing approximately 2.2% of the share capital. Ennoconn Corporation though its subsidiaries Ennoconn Investment Holdings Co. Ltd and Ennoconn International Investment Co., Ltd, held 27.44% and 2.49%, respectively. The acceptance period began with the publication of the offer document on June 29, 2026 and runs until July 27, 2026. Shareholders of Kontron AG who wish to accept the offer may do so via their respective custodian bank in accordance with the terms and conditions set out in the offer document. The completion of this offer is subject to regulatory approvals under various merger and investment control law. The completion of the offer is subject to the conditions in particular, approvals under merger control legislation from the competent authorities in the Federal Republic of Germany and the USA, as well as approvals under foreign direct investment control legislation in the Federal Republic of Germany, France, Austria and Taiwan. Shareholders should therefore bear in mind that the completion of the offer may be significantly delayed or, under certain circumstances, may not be possible at all. The transaction is expected to be closed on July 27, 2026. Ennoconn Corporation (TWSE:6414) cancelled the acquisition of an additional 67.78% stake in Kontron AG (XTRA:KTN) on July 8, 2026. The Executive Board and the Takeover Committee of the Supervisory Board advise shareholders of Kontron AG not to accept the offer. The offer price of €23.50 per Kontron share merely corresponds to the lowest offer price that the bidder was permitted to offer under the statutory minimum price requirements. The offer price is €0.26 below the average share price of Kontron shares over the last twelve months and therefore represents no premium, or indeed a negative premium. The fairness opinion commissioned by the Executive Board and the Supervisory Board from Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., Linz, Austria, also concludes that the offer price is significantly below a reasonable range and is not appropriate from a financial perspective.

German (DAX) IT Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

audius SE to Report First Half, 2026 Results on Aug 27, 2026

A1OS: Takeover Offer And Revised Earnings Outlook Will Shape Future Repricing

IOS: Lower Discount Rate And Rich P/E Will Limit Future Upside

Ennoconn Corporation (TWSE:6414) cancelled the acquisition of an additional 67.78% stake in Kontron AG (XTRA:KTN).

Snp Se Unveils Kyano Lorna Agentic Ai Layer for SAP Data Transformation

BC8: 2026 IT Revival Hopes Will Balance Execution And Secure Access Rollout

YSN: Raised Fair Value Will Rely On 2026 Earnings Guidance Holding

Upcoming dividend of €1.00 per share

ADN1: Major Bundesbank Win And 2026 Guidance Will Support Future Upside

Upcoming dividend of €0.50 per share

Cancom SE Confirms Consolidated Earnings Guidance for the Financial Year 2026

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

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

SolidX AB (publ) to Report Fiscal Year 2026 Results on Jun 29, 2026

Consensus EPS estimates increase by 56%, revenue downgraded

New major risk - Revenue and earnings growth