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German (DAX) Semiconductors Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies16
  • 7D-11.3%
  • 3M7.4%
  • 1Y19.4%
  • YTD4.7%

Over the last 7 days, the Semiconductors industry has dropped 12%, driven by Infineon Technologies declining 12%. In contrast, centrotherm international has gained 15%. This takes the industry's 12 month performance to a gain of 16%. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026€60.1b€18.5b€1.2b37.8x48.9x3.3x
Thu, 05 Feb 2026€59.7b€18.5b€1.2b26.7x49.3x3.2x
Sat, 03 Jan 2026€57.0b€18.3b€1.2b28x48.1x3.1x
Mon, 01 Dec 2025€54.5b€18.5b€1.2b22.3x44.7x2.9x
Wed, 29 Oct 2025€51.9b€20.1b€1.2b20.3x41.9x2.6x
Fri, 26 Sep 2025€50.5b€20.0b€1.2b21.3x41.1x2.5x
Sun, 24 Aug 2025€54.7b€20.0b€1.2b18.9x44.4x2.7x
Tue, 22 Jul 2025€57.1b€20.1b€1.4b18x40.4x2.8x
Thu, 19 Jun 2025€51.0b€20.1b€1.4b15.3x36.1x2.5x
Sat, 17 May 2025€49.7b€20.1b€1.4b13.9x35.1x2.5x
Mon, 14 Apr 2025€38.4b€20.0b€1.6b10.5x23.6x1.9x
Wed, 12 Mar 2025€50.9b€20.1b€1.8b12.4x28.4x2.5x
Fri, 07 Feb 2025€54.6b€20.1b€1.8b12.7x30x2.7x
Sun, 05 Jan 2025€46.9b€20.4b€2.2b12.9x21.4x2.3x
Tue, 03 Dec 2024€46.8b€20.4b€2.2b12.8x21.3x2.3x
Thu, 31 Oct 2024€45.4b€20.8b€2.7b13.2x17.1x2.2x
Sat, 28 Sep 2024€50.5b€20.8b€2.7b14.4x18.8x2.4x
Mon, 26 Aug 2024€50.2b€20.8b€2.7b15.1x18.7x2.4x
Wed, 24 Jul 2024€52.0b€21.3b€3.2b14x16.2x2.4x
Fri, 21 Jun 2024€54.5b€21.3b€3.2b14.1x16.9x2.6x
Sun, 19 May 2024€58.1b€21.4b€3.2b15.4x18x2.7x
Tue, 16 Apr 2024€52.0b€21.8b€3.7b14.1x14.1x2.4x
Thu, 14 Mar 2024€56.1b€21.6b€3.7b15.3x15.2x2.6x
Sat, 10 Feb 2024€55.4b€21.9b€3.9b14.1x14.2x2.5x
Mon, 08 Jan 2024€57.2b€21.9b€3.9b15.1x14.7x2.6x
Wed, 06 Dec 2023€58.3b€21.9b€3.9b15.8x15x2.7x
Fri, 03 Nov 2023€47.2b€21.7b€3.9b13.3x12.2x2.2x
Sun, 01 Oct 2023€52.0b€21.7b€3.9b13.2x13.5x2.4x
Tue, 29 Aug 2023€53.9b€21.7b€3.9b15.2x14x2.5x
Thu, 27 Jul 2023€60.1b€20.9b€3.5b18.1x17.4x2.9x
Sat, 24 Jun 2023€58.5b€20.9b€3.5b19x16.9x2.8x
Mon, 22 May 2023€58.8b€20.9b€3.5b17.1x17x2.8x
Wed, 19 Apr 2023€60.3b€20.0b€3.1b19.8x19.5x3x
Fri, 17 Mar 2023€55.4b€19.8b€3.0b19.9x18.7x2.8x
Price to Earnings Ratio

18.7x


Total Market Cap: €55.4bTotal Earnings: €3.0bTotal Revenue: €19.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German Semiconductors Industry Price to Earnings3Y Average 25x202420252026
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 49.3x which is higher than its 3-year average PE of 25.0x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 25% per year over the last three years,
  • Revenues have also declined 2.3% 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 Market-5.24%
Tech-0.60%
Semiconductors-11.30%
Semiconductor Equipment-4.71%
Semiconductors-12.02%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry even though it's trading below its 3-year average PE ratio of 154x.
    • Analysts are expecting annual earnings growth of 2.9%, which is higher than its past year's earnings decline of 19.8% per year.
  • Investors are most pessimistic about the Semiconductors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 24.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 28% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 2.9% 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
CTNK centrotherm international€9.4015.3%
+€26.5m		175.7%PE5.8x
GY9 Smoltek Nanotech Holding€0.02413.5%
+€506.2k		-23.4%PS10.8x
CV3 Carpevigo Holding€0.5021.0%
+€473.8k		-17.3%n/a
NW1 Windon Energy Group€0.0385.5%
+€24.3k		-66.8%PS0.3x
PS4 Phoenix Solar€0.01525.0%
+€22.1k		275.0%n/a

Latest News

SMHN
€51.30
SUSS MicroTec
7D
-6.0%
1Y
49.1%
AIXA
€28.60
AIXTRON
7D
-2.7%
1Y
139.7%

AIXA: Data Center And AI Demand Will Support Re Rated Outlook

Analysts have lifted their price target on AIXTRON to about €26.85 from roughly €19.83, reflecting updated assumptions for higher revenue, slightly stronger profit margins and a modestly higher future P/E, in line with recent Street targets moving toward €31. Analyst Commentary Recent Street research has clustered around a €31 price target, with several firms lifting their numbers from previous ranges near €20 to €25.20.
TPE
€26.30
PVA TePla
7D
-3.7%
1Y
100.8%
ELG
€140.00
Elmos Semiconductor
7D
-8.1%
1Y
110.2%
WAF
€50.20
Siltronic
7D
-9.1%
1Y
10.9%

WAF: Fair Value Update Will Balance Wafer Weakness And Margin Resilience

Analysts now see fair value for Siltronic at €52.60, down from €54.61. They also highlight updated assumptions on discount rate, revenue growth, profit margins and future P/E that reflect the latest Street research, including the recent €17 price target change at Berenberg.
GY9
€0.024
Smoltek Nanotech Holding
7D
13.5%
1Y
-23.4%
IFX
€38.95
Infineon Technologies
7D
-12.3%
1Y
13.4%

IFX: Patent Ruling And Radar Partnership Will Shape Balanced Future Prospects

Narrative Update on Infineon Technologies The analyst fair value estimate for Infineon Technologies has shifted slightly higher to €48.78, with modest tweaks to long term assumptions such as discount rate, revenue growth, profit margins and future P/E, reflecting a cluster of recent Street price target increases from around €0.80 to €9. Analyst Commentary Recent Street research on Infineon Technologies has centered on a series of price target adjustments in the €0.80 to €9 range, including changes from JPMorgan and several other large banks.
SIS
€53.60
First Sensor
7D
-0.4%
1Y
-7.3%
CTNK
€9.40
centrotherm international
7D
15.3%
1Y
175.7%
NW1
€0.038
Windon Energy Group
7D
5.5%
1Y
-66.8%
P4O
€4.66
Planoptik
7D
-14.5%
1Y
28.7%

Planoptik AG's (ETR:P4O) Shares Climb 27% But Its Business Is Yet to Catch Up

Jan 09
Planoptik AG's (ETR:P4O) Shares Climb 27% But Its Business Is Yet to Catch Up
CV3
€0.50
Carpevigo Holding
7D
21.0%
1Y
-17.3%
PS4
€0.015
Phoenix Solar
7D
25.0%
1Y
275.0%