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German (DAX) IT Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies28
  • 7D-7.0%
  • 3M4.4%
  • 1Y-20.3%
  • YTD-14.1%

Over the last 7 days, the IT industry has dropped 7.0%, driven by a pullback from IONOS Group of 13%. The industry has fallen 20% in the last year. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026€14.5b€17.6b€816.3m22.1x17.8x0.8x
Wed, 13 May 2026€15.1b€17.6b€795.2m21.3x19x0.9x
Fri, 10 Apr 2026€13.1b€17.1b€755.6m23.2x17.3x0.8x
Sun, 08 Mar 2026€14.2b€17.4b€736.0m27.7x19.2x0.8x
Tue, 03 Feb 2026€16.9b€17.4b€743.1m26.8x22.8x1x
Thu, 01 Jan 2026€16.4b€17.5b€744.4m25.6x22.1x0.9x
Sat, 29 Nov 2025€16.8b€17.4b€752.8m26x22.3x1x
Mon, 27 Oct 2025€16.2b€17.4b€736.8m21.7x22x0.9x
Wed, 24 Sep 2025€17.8b€17.4b€735.3m26.7x24.2x1x
Fri, 22 Aug 2025€17.2b€17.4b€737.3m24.9x23.3x1x
Sun, 20 Jul 2025€18.2b€17.3b€684.2m27.4x26.6x1x
Tue, 17 Jun 2025€18.0b€17.3b€684.1m26.7x26.2x1x
Thu, 15 May 2025€17.1b€17.2b€699.7m24.9x24.5x1x
Sat, 12 Apr 2025€14.6b€16.7b€690.4m18.8x21.1x0.9x
Mon, 10 Mar 2025€12.6b€15.8b€550.6m19.8x23x0.8x
Wed, 05 Feb 2025€11.0b€15.8b€544.5m19.4x20.1x0.7x
Fri, 03 Jan 2025€10.8b€15.8b€562.0m18.4x19.1x0.7x
Sun, 01 Dec 2024€10.6b€15.8b€558.4m18.4x18.9x0.7x
Tue, 29 Oct 2024€10.8b€15.5b€551.7m19.3x19.6x0.7x
Thu, 26 Sep 2024€11.2b€15.5b€563.9m18.8x19.9x0.7x
Sat, 24 Aug 2024€11.5b€15.2b€559.1m18.8x20.5x0.8x
Mon, 22 Jul 2024€12.1b€15.3b€546.1m20.2x22.2x0.8x
Wed, 19 Jun 2024€12.9b€15.3b€545.4m20.1x23.7x0.8x
Fri, 17 May 2024€13.4b€15.2b€547.8m20.9x24.5x0.9x
Sun, 14 Apr 2024€13.4b€15.0b€546.8m20.8x24.6x0.9x
Tue, 12 Mar 2024€13.5b€14.7b€445.4m23.4x30.4x0.9x
Thu, 08 Feb 2024€14.0b€14.7b€459.7m22.1x30.4x1x
Sat, 06 Jan 2024€13.0b€14.8b€458.9m20.9x28.2x0.9x
Mon, 04 Dec 2023€13.2b€14.8b€462.4m21x28.5x0.9x
Wed, 01 Nov 2023€12.1b€14.6b€461.0m19.7x26.3x0.8x
Fri, 29 Sep 2023€12.7b€14.6b€458.4m18.5x27.8x0.9x
Sun, 27 Aug 2023€13.2b€14.1b€445.7m18.8x29.7x0.9x
Tue, 25 Jul 2023€12.5b€14.3b€487.8m18x25.7x0.9x
Thu, 22 Jun 2023€12.8b€14.3b€486.9m19x26.3x0.9x
Price to Earnings Ratio

26.3x


Total Market Cap: €12.8bTotal 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 17.8x 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 Market-0.72%
Tech-6.86%
IT-6.99%
Data Processing Services0%0
IT Consulting-4.59%
Internet Services and Infrastructure-13.23%
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 4.8x.
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
KTN Kontron€23.561.9%
+€27.6m		1.4%PE11.1x
DCIK DCI Database for Commerce and Industry€7.307.4%
+€731.6k		37.7%PS9.8x

Latest News

KTN
€23.56
Kontron
7D
1.9%
1Y
1.4%
BC8
€30.66
Bechtle
7D
-5.0%
1Y
-19.3%
COK
€25.65
Cancom
7D
-6.6%
1Y
-12.6%
YSN
€183.20
secunet Security Networks
7D
-11.7%
1Y
-12.3%
NA9
€35.44
Nagarro
7D
-13.7%
1Y
-38.0%
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
€53.10
adesso
7D
-4.8%
1Y
-39.3%
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.
IOS
€26.64
IONOS Group
7D
-13.5%
1Y
-35.9%
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.
A1OS
€30.80
All for One Group
7D
-5.2%
1Y
-45.4%
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
€7.30
DCI Database for Commerce and Industry
7D
7.4%
1Y
37.7%
GFT
€21.85
GFT Technologies
7D
-2.0%
1Y
-1.6%