Narrative Update • Sep 18
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- 7D-4.5%
- 3M-34.8%
- 1Y71.8%
- YTD46.5%
Over the last 7 days, the Semiconductors industry has dropped 4.5%, driven by a pullback from Infineon Technologies of 4.6%. Over the past 12 months, the industry was up 72%. Looking forward, earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the German Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 20 Sep 2026 | €84.0b | €19.0b | €1.2b | 55.4x | 69.9x | 4.4x |
| Tue, 18 Aug 2026 | €94.0b | €19.0b | €1.2b | 56.5x | 77x | 4.9x |
| Thu, 16 Jul 2026 | €101.6b | €18.6b | €1.2b | 81.4x | 86.8x | 5.5x |
| Sat, 13 Jun 2026 | €119.5b | €18.7b | €1.2b | 88.4x | 100.5x | 6.4x |
| Mon, 11 May 2026 | €95.9b | €18.4b | €1.2b | 61.8x | 82.5x | 5.2x |
| Wed, 08 Apr 2026 | €59.8b | €18.2b | €1.2b | 49.5x | 50.5x | 3.3x |
| Fri, 06 Mar 2026 | €64.5b | €18.5b | €1.2b | 38.5x | 52.5x | 3.5x |
| Sun, 01 Feb 2026 | €62.1b | €18.3b | €1.2b | 29.8x | 51.8x | 3.4x |
| Tue, 30 Dec 2025 | €54.7b | €18.3b | €1.2b | 25.9x | 46.2x | 3x |
| Thu, 27 Nov 2025 | €52.3b | €18.5b | €1.2b | 22x | 42.9x | 2.8x |
| Sat, 25 Oct 2025 | €51.1b | €20.1b | €1.2b | 20.8x | 41.3x | 2.5x |
| Mon, 22 Sep 2025 | €49.7b | €20.0b | €1.2b | 20.1x | 40.4x | 2.5x |
| Wed, 20 Aug 2025 | €54.8b | €20.0b | €1.2b | 18.6x | 44.5x | 2.7x |
| Fri, 18 Jul 2025 | €57.2b | €20.1b | €1.4b | 17.9x | 40.5x | 2.9x |
| Sun, 15 Jun 2025 | €52.5b | €20.1b | €1.4b | 14.7x | 37.1x | 2.6x |
| Tue, 13 May 2025 | €50.7b | €20.1b | €1.4b | 14.1x | 35.6x | 2.5x |
| Thu, 10 Apr 2025 | €36.4b | €20.0b | €1.6b | 9.9x | 22.4x | 1.8x |
| Sat, 08 Mar 2025 | €53.1b | €20.1b | €1.8b | 13x | 29.7x | 2.6x |
| Mon, 03 Feb 2025 | €48.0b | €20.4b | €2.2b | 13.4x | 21.9x | 2.4x |
| Wed, 01 Jan 2025 | €47.5b | €20.4b | €2.2b | 13x | 21.6x | 2.3x |
| Fri, 29 Nov 2024 | €45.3b | €20.4b | €2.2b | 12.3x | 20.5x | 2.2x |
| Sun, 27 Oct 2024 | €47.0b | €20.8b | €2.7b | 13.4x | 17.7x | 2.3x |
| Tue, 24 Sep 2024 | €45.3b | €20.8b | €2.7b | 14.1x | 16.9x | 2.2x |
| Thu, 22 Aug 2024 | €50.3b | €20.8b | €2.7b | 14.9x | 18.8x | 2.4x |
| Sat, 20 Jul 2024 | €53.7b | €21.3b | €3.2b | 13.9x | 16.7x | 2.5x |
| Mon, 17 Jun 2024 | €57.0b | €21.3b | €3.2b | 14.4x | 17.7x | 2.7x |
| Wed, 15 May 2024 | €58.2b | €21.4b | €3.2b | 15.1x | 18x | 2.7x |
| Fri, 12 Apr 2024 | €52.6b | €21.8b | €3.7b | 14.3x | 14.3x | 2.4x |
| Sun, 10 Mar 2024 | €55.4b | €21.7b | €3.8b | 15x | 14.7x | 2.6x |
| Tue, 06 Feb 2024 | €56.2b | €21.9b | €3.9b | 14.5x | 14.4x | 2.6x |
| Thu, 04 Jan 2024 | €57.9b | €21.9b | €3.9b | 15.2x | 14.9x | 2.6x |
| Sat, 02 Dec 2023 | €58.5b | €21.9b | €3.9b | 15.7x | 15.1x | 2.7x |
| Mon, 30 Oct 2023 | €48.0b | €21.7b | €3.9b | 13x | 12.4x | 2.2x |
| Wed, 27 Sep 2023 | €50.6b | €21.7b | €3.9b | 13.5x | 13.1x | 2.3x |
Price to Earnings Ratio
13.1x
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 69.9x which is higher than its 3-year average PE of 35.7x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 32% per year over the last three years,
- Revenues have also declined 4.3% 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 | -1.06% | |
| Tech | 0.73% | |
| Semiconductors | -4.50% | |
| Semiconductors | -4.48% | |
| Semiconductor Equipment | -4.71% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 34.1x.
- Analysts are expecting annual earnings growth of 34.7%, which is higher than its past year's earnings decline of 18.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 35% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WAF Siltronic | €76.95 | 3.2% +€70.5m | 82.1% | PS1.8x | |
| P4O Planoptik | €7.42 | 3.6% +€1.2m | 84.6% | PE413.8x | |
| M5Z Manz | €0.007 | 16.7% +€10.3k | n/a | n/a |
