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German (DAX) IT Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies28
  • 7D1.2%
  • 3M6.9%
  • 1Y-18.3%
  • YTD-12.8%

In the last week, the IT industry is up 1.2%, with IONOS Group up 1.2%. In the same time, Cancom was down 5.3%. In contrast, the industry has lost 18% in the last 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
Fri, 19 Jun 2026€14.8b€17.6b€816.3m22.4x18.1x0.8x
Sun, 17 May 2026€14.7b€17.6b€821.3m20.6x17.9x0.8x
Tue, 14 Apr 2026€13.3b€17.1b€755.6m24.1x17.7x0.8x
Thu, 12 Mar 2026€13.8b€17.4b€733.9m28.7x18.8x0.8x
Sat, 07 Feb 2026€15.2b€17.4b€739.5m26.9x20.5x0.9x
Mon, 05 Jan 2026€16.5b€17.5b€742.3m26.6x22.2x0.9x
Wed, 03 Dec 2025€16.3b€17.4b€752.8m25.2x21.6x0.9x
Fri, 31 Oct 2025€15.8b€17.4b€736.8m22.3x21.4x0.9x
Sun, 28 Sep 2025€17.5b€17.4b€736.8m25.4x23.7x1x
Tue, 26 Aug 2025€17.3b€17.4b€736.8m25.1x23.5x1x
Thu, 24 Jul 2025€17.9b€17.3b€684.2m27.4x26.1x1x
Sat, 21 Jun 2025€17.2b€17.3b€684.1m26.4x25.2x1x
Mon, 19 May 2025€17.1b€17.3b€684.2m25.7x24.9x1x
Wed, 16 Apr 2025€15.3b€16.7b€690.4m19.1x22.2x0.9x
Fri, 14 Mar 2025€12.1b€15.8b€550.6m18.9x22x0.8x
Sun, 09 Feb 2025€11.0b€15.8b€544.5m19.5x20.2x0.7x
Tue, 07 Jan 2025€10.7b€15.8b€562.0m18.6x19.1x0.7x
Thu, 05 Dec 2024€10.7b€15.8b€558.4m18.8x19.1x0.7x
Sat, 02 Nov 2024€10.2b€15.5b€551.9m17.8x18.6x0.7x
Mon, 30 Sep 2024€11.7b€15.2b€553.9m20.7x21.1x0.8x
Wed, 28 Aug 2024€11.4b€15.2b€559.1m18.8x20.4x0.7x
Fri, 26 Jul 2024€12.2b€15.3b€545.9m20.2x22.4x0.8x
Sun, 23 Jun 2024€12.9b€15.3b€545.4m20.2x23.6x0.8x
Tue, 21 May 2024€13.5b€15.2b€545.4m20.6x24.8x0.9x
Thu, 18 Apr 2024€13.1b€15.0b€544.6m21x24.1x0.9x
Sat, 16 Mar 2024€13.6b€14.8b€469.7m23.3x29x0.9x
Mon, 12 Feb 2024€14.1b€14.7b€460.3m21.9x30.6x1x
Wed, 10 Jan 2024€13.1b€14.8b€458.9m21.5x28.5x0.9x
Fri, 08 Dec 2023€13.0b€14.8b€462.4m20.9x28.2x0.9x
Sun, 05 Nov 2023€12.7b€14.7b€474.0m20.8x26.8x0.9x
Tue, 03 Oct 2023€12.9b€14.6b€458.4m19.9x28.2x0.9x
Thu, 31 Aug 2023€13.4b€14.6b€458.1m19x29.2x0.9x
Sat, 29 Jul 2023€12.9b€14.3b€487.8m17.2x26.4x0.9x
Mon, 26 Jun 2023€12.6b€14.3b€486.9m18.6x25.9x0.9x
Price to Earnings Ratio

25.9x


Total Market Cap: €12.6bTotal Earnings: €486.9mTotal Revenue: €14.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German IT Industry Price to Earnings3Y Average 23.4x202420252026
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 18.1x which is lower than its 3-year average PE of 23.4x.
  • 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 Market2.42%
Tech-1.92%
IT1.18%
IT Consulting1.45%
Internet Services and Infrastructure0.42%
Data Processing Services0%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 22.6x.
    • Analysts are expecting annual earnings growth of 13.2%, 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 4.9x.
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€26.941.2%
+€43.9m		-33.5%PE16.6x
GFT GFT Technologies€21.952.8%
+€15.3m		-0.7%PE16.3x
A1OS All for One Group€31.904.2%
+€6.0m		-40.7%PE27.1x
SHF SNP Schneider-Neureither & Partner€82.400.5%
+€2.9m		16.7%PE16.1x
T3T1 Seven Principles€4.843.0%
+€527.9k		-6.9%PE14.5x

Latest News

YSN
€181.80
secunet Security Networks
7D
-0.7%
1Y
-11.1%
Narrative Update • Jun 16

YSN: Dividend And 2026 Guidance Will Drive Further Share Price Upside

Analysts have kept their price target for secunet Security Networks steady at about €239.67 per share. This reflects broadly unchanged views on fair value, supported by consistent assumptions for revenue growth, profit margins and future P/E, with only slight adjustments to the discount rate in their models.
IOS
€26.94
IONOS Group
7D
1.2%
1Y
-33.5%
Narrative Update • Jun 16

IOS: Lower Discount Rate And Steady Margins Will Support Strong Returns

Analysts have nudged their price target for IONOS Group slightly lower to about €33.60, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that fine tune rather than overhaul their valuation view. What's in the News No recent company specific news or key developments for IONOS Group were identified in the provided sources.
A1OS
€31.90
All for One Group
7D
4.2%
1Y
-40.7%
Narrative Update • Jun 14

A1OS: Higher Discount Rate And Dividend Will Support Future Repricing

Analysts have maintained their fair value estimate for All for One Group at €46.0, making only small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions. As a result, the stock's overall price target remains effectively unchanged.
3ITN
€13.10
audius
7D
-3.7%
1Y
15.9%
KTN
€23.44
Kontron
7D
-1.1%
1Y
1.7%
BC8
€30.26
Bechtle
7D
-0.7%
1Y
-16.5%
COK
€24.15
Cancom
7D
-5.3%
1Y
-13.8%
NVQ
€8.52
Novabase S.G.P.S
7D
-0.7%
1Y
15.9%
NA9
€35.88
Nagarro
7D
0.06%
1Y
-36.5%
Narrative Update • Jun 07

NA9: New CFO Appointment And Share Buyback Will Drive Future Upside

Analysts have maintained their €72.25 price target for Nagarro, citing essentially stable assumptions around the discount rate, revenue growth, profit margin, and future P/E as the basis for this steady view. What's in the News Nagarro has created a dedicated Chief Financial Officer role, and the Supervisory Board has appointed Prateek Aggarwal as CFO for an initial three-year term starting May 1, 2026.
ADN1
€50.80
adesso
7D
-4.9%
1Y
-41.0%
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.
AEIN
€15.25
Allgeier
7D
-1.6%
1Y
-21.4%
GFT
€21.95
GFT Technologies
7D
2.8%
1Y
-0.7%
RTC
€1.17
RealTech
7D
3.5%
1Y
15.8%
T3T1
€4.84
Seven Principles
7D
3.0%
1Y
-6.9%
Analysis Article • May 11

Earnings Troubles May Signal Larger Issues for Seven Principles (ETR:T3T1) Shareholders

The subdued market reaction suggests that Seven Principles AG's ( ETR:T3T1 ) recent earnings didn't contain any...
SHF
€82.40
SNP Schneider-Neureither & Partner
7D
0.5%
1Y
16.7%
AMI
€0.14
medondo holding
7D
20.8%
1Y
-61.3%