Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) Semiconductors Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies16
  • 7D8.4%
  • 3M22.3%
  • 1Y90.6%
  • YTD31.1%

Over the last 7 days, the Semiconductors industry has risen 12%, driven by gains from Infineon Technologies of 7.2%. This means that the industry has gained 91% over the past year. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026€74.8b€18.2b€1.2b59.9x63.2x4.1x
Fri, 20 Mar 2026€58.1b€18.5b€1.2b43.7x48.9x3.1x
Sun, 15 Feb 2026€64.9b€18.5b€1.2b30.4x53.4x3.5x
Tue, 13 Jan 2026€61.9b€18.3b€1.2b29.9x52.3x3.4x
Thu, 11 Dec 2025€54.9b€18.5b€1.2b21.9x45x3x
Sat, 08 Nov 2025€49.2b€18.5b€1.4b20.5x36.1x2.7x
Mon, 06 Oct 2025€52.0b€20.1b€1.2b21.9x42x2.6x
Wed, 03 Sep 2025€49.1b€20.0b€1.2b18.8x39.9x2.5x
Fri, 01 Aug 2025€51.9b€20.0b€1.4b16.8x37.1x2.6x
Sun, 29 Jun 2025€53.7b€20.1b€1.4b16.9x37.9x2.7x
Tue, 27 May 2025€50.5b€20.1b€1.4b13.9x35.7x2.5x
Thu, 24 Apr 2025€41.3b€20.0b€1.6b12.2x25.4x2.1x
Sat, 22 Mar 2025€49.6b€20.1b€1.8b12.5x27.3x2.5x
Mon, 17 Feb 2025€55.2b€20.1b€1.8b13.3x30.3x2.7x
Wed, 15 Jan 2025€49.1b€20.4b€2.2b13.3x22.3x2.4x
Fri, 13 Dec 2024€50.0b€20.4b€2.2b13.7x22.7x2.5x
Sun, 10 Nov 2024€44.1b€20.9b€2.7b12.8x16.6x2.1x
Tue, 08 Oct 2024€47.3b€20.8b€2.7b14.1x17.7x2.3x
Thu, 05 Sep 2024€46.9b€20.8b€2.7b13.9x17.5x2.3x
Sat, 03 Aug 2024€46.9b€21.2b€3.2b13.5x14.9x2.2x
Mon, 01 Jul 2024€53.2b€21.3b€3.2b13.3x16.6x2.5x
Wed, 29 May 2024€60.0b€21.3b€3.2b15.9x18.6x2.8x
Fri, 26 Apr 2024€52.1b€21.8b€3.7b14.2x14.1x2.4x
Sun, 24 Mar 2024€51.1b€21.6b€3.7b13.9x13.8x2.4x
Tue, 20 Feb 2024€54.7b€21.6b€3.8b14.5x14.5x2.5x
Thu, 18 Jan 2024€53.2b€21.9b€3.9b13.6x13.7x2.4x
Sat, 16 Dec 2023€62.7b€21.9b€3.9b16.3x16.1x2.9x
Mon, 13 Nov 2023€48.5b€21.9b€3.9b14.1x12.6x2.2x
Wed, 11 Oct 2023€53.8b€21.7b€3.9b13.9x13.9x2.5x
Fri, 08 Sep 2023€53.3b€21.7b€3.9b14.1x13.8x2.5x
Sun, 06 Aug 2023€57.2b€21.5b€3.8b15.6x15.1x2.7x
Tue, 04 Jul 2023€60.9b€20.9b€3.5b17.7x17.6x2.9x
Thu, 01 Jun 2023€57.4b€20.9b€3.5b17.5x16.6x2.7x
Sat, 29 Apr 2023€54.1b€19.9b€3.1b17.7x17.5x2.7x
Price to Earnings Ratio

17.5x


Total Market Cap: €54.1bTotal Earnings: €3.1bTotal Revenue: €19.9bTotal Market Cap vs Earnings and Revenue0%0%0%
German Semiconductors Industry Price to Earnings3Y Average 26.3x202420252026
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 63.2x which is higher than its 3-year average PE of 26.3x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 27% per year over the last three years,
  • Revenues have also declined 2.8% 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 Market0.99%
Tech6.59%
Semiconductors8.41%
Semiconductor Equipment19.29%
Semiconductors7.00%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry even though it's trading below its 3-year average PE ratio of 158x.
    • Analysts are expecting annual earnings growth of 14.8%, 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 26.2x.
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 15% 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
IFX Infineon Technologies€47.747.4%
+€4.3b		79.0%PE61.8x
AIXA AIXTRON€45.2328.5%
+€1.1b		343.2%PE59.9x
SMHN SUSS MicroTec€68.3514.1%
+€161.5m		128.4%PE26.4x
WAF Siltronic€69.457.5%
+€145.5m		102.2%PS1.5x
TPE PVA TePla€38.5817.3%
+€123.5m		157.7%PE110x

Latest News

SMHN
€68.35
SUSS MicroTec
7D
14.1%
1Y
128.4%

SMHN: Higher Multiple Assumptions And AI Exposure Will Shape Balanced Future Prospects

Analysts have lifted their price target on SUSS MicroTec by €4 to €61.38, reflecting updated assumptions on fair value, revenue expectations and future P/E multiples. Analyst Commentary Analysts lifting the price target to €61.38 signals a reassessment of what they see as fair value for SUSS MicroTec, with updated assumptions around revenue potential and the P/E multiple they are prepared to use.
ELG
€169.80
Elmos Semiconductor
7D
1.1%
1Y
215.6%
AIXA
€45.23
AIXTRON
7D
28.5%
1Y
343.2%
TPE
€38.58
PVA TePla
7D
17.3%
1Y
157.7%
P4O
€9.90
Planoptik
7D
9.8%
1Y
219.4%
IFX
€47.74
Infineon Technologies
7D
7.4%
1Y
79.0%
WAF
€69.45
Siltronic
7D
7.5%
1Y
102.2%

WAF: Refined Discount Rate And Margins Will Support A Firmer Earnings Floor

Analysts raised their price target on Siltronic by €17, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E as the main drivers of the revised view. Analyst Commentary Recent research points to a more constructive stance on Siltronic, with the latest €17 price target adjustment framed around refreshed views on discount rates, revenue growth, profit margins and future P/E assumptions.
SIS
€53.50
First Sensor
7D
-1.8%
1Y
-7.4%
CTNK
€9.40
centrotherm international
7D
15.3%
1Y
175.7%
NW1
€0.0005
Windon Energy Group
7D
-87.5%
1Y
-99.6%
M5Z
€0.08
Manz
7D
-4.3%
1Y
-73.3%
CV3
€0.33
Carpevigo Holding
7D
-2.4%
1Y
-33.6%
9TS
€0.0045
TubeSolar
7D
-18.2%
1Y
55.2%