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German (DAX) Semiconductors Industry Analysis

UpdatedAug 02, 2026
DataAggregated Company Financials
Companies16
  • 7D-4.8%
  • 3M4.7%
  • 1Y84.2%
  • YTD60.5%

Over the last 7 days, the Semiconductors industry has dropped 4.8%, driven by Infineon Technologies declining 4.3%. Over the past 12 months, the industry was up 84%. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Aug 2026€92.3b€18.6b€1.1b70.3x83.4x5x
Tue, 30 Jun 2026€117.0b€18.6b€1.2b90x100x6.3x
Thu, 28 May 2026€116.6b€18.4b€1.2b70.9x95.4x6.3x
Sat, 25 Apr 2026€83.7b€18.2b€1.2b61.6x70.7x4.6x
Mon, 23 Mar 2026€58.9b€18.5b€1.2b48.2x50.9x3.2x
Wed, 18 Feb 2026€66.4b€18.5b€1.2b31.3x54.6x3.6x
Fri, 16 Jan 2026€62.3b€18.3b€1.2b31.7x52.6x3.4x
Sun, 14 Dec 2025€54.3b€18.5b€1.2b20.9x44.5x2.9x
Tue, 11 Nov 2025€50.2b€18.5b€1.4b21.8x36.9x2.7x
Thu, 09 Oct 2025€50.3b€20.1b€1.2b21.7x40.7x2.5x
Sat, 06 Sep 2025€47.3b€20.0b€1.2b19.6x38.5x2.4x
Mon, 04 Aug 2025€50.7b€20.0b€1.4b15.6x36x2.5x
Wed, 02 Jul 2025€54.2b€20.1b€1.4b16.7x38.3x2.7x
Fri, 30 May 2025€51.3b€20.1b€1.4b13.9x36.3x2.6x
Sun, 27 Apr 2025€44.8b€20.0b€1.6b12.7x27.5x2.2x
Tue, 25 Mar 2025€51.1b€20.1b€1.8b12.4x28.1x2.5x
Thu, 20 Feb 2025€55.7b€20.1b€1.8b13.2x30.5x2.8x
Sat, 18 Jan 2025€50.9b€20.4b€2.2b13.6x23.2x2.5x
Mon, 16 Dec 2024€49.7b€20.4b€2.2b13.6x22.6x2.4x
Wed, 13 Nov 2024€46.8b€20.9b€2.7b12.9x17.6x2.2x
Fri, 11 Oct 2024€47.2b€20.8b€2.7b13.8x17.6x2.3x
Sun, 08 Sep 2024€45.3b€20.8b€2.7b13.8x16.9x2.2x
Tue, 06 Aug 2024€47.2b€21.2b€3.2b13.5x15x2.2x
Thu, 04 Jul 2024€53.8b€21.3b€3.2b13.4x16.7x2.5x
Sat, 01 Jun 2024€57.7b€21.3b€3.2b15.5x17.9x2.7x
Mon, 29 Apr 2024€53.0b€21.8b€3.7b14.4x14.3x2.4x
Wed, 27 Mar 2024€51.3b€21.6b€3.7b13.8x13.9x2.4x
Fri, 23 Feb 2024€55.2b€21.6b€3.8b14.7x14.7x2.6x
Sun, 21 Jan 2024€55.8b€21.9b€3.9b14.3x14.3x2.5x
Tue, 19 Dec 2023€62.7b€21.9b€3.9b15.9x16.1x2.9x
Thu, 16 Nov 2023€54.7b€21.9b€3.9b14.7x14.1x2.5x
Sat, 14 Oct 2023€52.6b€21.6b€3.8b15x13.7x2.4x
Mon, 11 Sep 2023€53.3b€21.7b€3.9b14x13.8x2.5x
Wed, 09 Aug 2023€55.8b€21.5b€3.8b15.4x14.7x2.6x
Price to Earnings Ratio

14.7x


Total Market Cap: €55.8bTotal Earnings: €3.8bTotal Revenue: €21.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Semiconductors Industry Price to Earnings3Y Average 33.1x202420252026
Current Industry PE
  • Investors are optimistic on the German Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 83.4x which is higher than its 3-year average PE of 33.1x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 34% per year over the last three years,
  • Revenues have also declined 4.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the German Tech industry?

DE Market1.75%
Tech5.61%
Semiconductors-4.85%
Semiconductors-4.35%
Semiconductor Equipment-9.21%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 32.0x.
    • Analysts are expecting annual earnings growth of 33.3%, which is higher than its past year's earnings decline of 12.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 40% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 33% 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
SIS First Sensor€53.001.0%
+€5.2m		-8.3%PE86x
CTNK centrotherm international€9.200.5%
+€1.1m		84.0%PE10.1x
M5Z Manz€0.004300.0%
+€30.8k		n/an/a
NW1 Windon Energy Group€0.033.4%
+€18.2k		-77.8%PS0.4x

Latest News

AIXA
€36.27
AIXTRON
7D
-9.8%
1Y
151.4%
WAF
€76.10
Siltronic
7D
-8.3%
1Y
103.8%
NW1
€0.03
Windon Energy Group
7D
3.4%
1Y
-77.8%
SMHN
€74.40
SUSS MicroTec
7D
-6.0%
1Y
130.3%
GY9
€0.10
Smoltek Nanotech Holding
7D
-22.5%
1Y
268.9%
TPE
€32.96
PVA TePla
7D
-10.2%
1Y
60.9%
Narrative Update • Jul 27

TPE: Index Inclusion And 2026 Guidance Will Support Higher P E Expectations

Analysts have raised their price target for PVA TePla to €39.00 from €31.11, citing updated assumptions on long term revenue growth, profit margins, discount rate and future P/E multiples that support a higher estimated fair value. What’s in the News for PVA TePla PVA TePla AG was added to the Germany TECDAX (Total Return) Index, reflecting its inclusion in a wider German technology benchmark.
IFX
€61.67
Infineon Technologies
7D
-4.3%
1Y
82.5%
Narrative Update • Jul 21

IFX: Dresden Smart Power Fab Will Drive Future AI Power Upside

Infineon Technologies' analyst fair value estimate has moved from €80.0 to €114.0. This reflects analysts' updated assumptions for faster revenue growth and higher profit margins supported by a broad wave of price target increases across the Street, including recent revisions up to €100 that cite stronger semiconductor fundamentals, AI power demand, and available capacity. Analyst Commentary Recent commentary on Infineon Technologies points to a cluster of higher valuation marks across the semiconductor coverage universe, with several bullish analysts updating their models around demand for AI power, industrial and data center markets, and the company’s available capacity.
ELG
€146.00
Elmos Semiconductor
7D
-8.3%
1Y
67.0%
Narrative Update • Jul 15

ELG: Higher Multiple And Board Transition Will Test Execution Resilience

Analysts have raised their price target on Elmos Semiconductor to €160 from €135, citing updated assumptions for revenue growth, profitability, and a higher future P/E multiple in their models. Analyst Commentary on Elmos Semiconductor Recent research on Elmos Semiconductor highlights a mix of optimism on the company’s long term potential and caution around what is already reflected in the current share price.
SIS
€53.00
First Sensor
7D
1.0%
1Y
-8.3%
CTNK
€9.20
centrotherm international
7D
0.5%
1Y
84.0%
P4O
€7.44
Planoptik
7D
-2.1%
1Y
65.3%