German (DAX) Semiconductors Industry Analysis

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
Mon, 25 May 2026	€111.2b	€18.4b	€1.2b	68.8x	95.7x	6.1x
Wed, 22 Apr 2026	€74.8b	€18.2b	€1.2b	59.9x	63.2x	4.1x
Fri, 20 Mar 2026	€58.1b	€18.5b	€1.2b	43.7x	48.9x	3.1x
Sun, 15 Feb 2026	€64.9b	€18.5b	€1.2b	30.4x	53.4x	3.5x
Tue, 13 Jan 2026	€61.9b	€18.3b	€1.2b	29.9x	52.3x	3.4x
Thu, 11 Dec 2025	€54.9b	€18.5b	€1.2b	21.9x	45x	3x
Sat, 08 Nov 2025	€49.2b	€18.5b	€1.4b	20.5x	36.1x	2.7x
Mon, 06 Oct 2025	€52.0b	€20.1b	€1.2b	21.9x	42x	2.6x
Wed, 03 Sep 2025	€49.1b	€20.0b	€1.2b	18.8x	39.9x	2.5x
Fri, 01 Aug 2025	€51.9b	€20.0b	€1.4b	16.8x	37.1x	2.6x
Sun, 29 Jun 2025	€53.7b	€20.1b	€1.4b	16.9x	37.9x	2.7x
Tue, 27 May 2025	€50.5b	€20.1b	€1.4b	13.9x	35.7x	2.5x
Thu, 24 Apr 2025	€41.3b	€20.0b	€1.6b	12.2x	25.4x	2.1x
Sat, 22 Mar 2025	€49.6b	€20.1b	€1.8b	12.5x	27.3x	2.5x
Mon, 17 Feb 2025	€55.2b	€20.1b	€1.8b	13.3x	30.3x	2.7x
Wed, 15 Jan 2025	€49.1b	€20.4b	€2.2b	13.3x	22.3x	2.4x
Fri, 13 Dec 2024	€50.0b	€20.4b	€2.2b	13.7x	22.7x	2.5x
Sun, 10 Nov 2024	€44.1b	€20.9b	€2.7b	12.8x	16.6x	2.1x
Tue, 08 Oct 2024	€47.3b	€20.8b	€2.7b	14.1x	17.7x	2.3x
Thu, 05 Sep 2024	€46.9b	€20.8b	€2.7b	13.9x	17.5x	2.3x
Sat, 03 Aug 2024	€46.9b	€21.2b	€3.2b	13.5x	14.9x	2.2x
Mon, 01 Jul 2024	€53.2b	€21.3b	€3.2b	13.3x	16.6x	2.5x
Wed, 29 May 2024	€60.0b	€21.3b	€3.2b	15.9x	18.6x	2.8x
Fri, 26 Apr 2024	€52.1b	€21.8b	€3.7b	14.2x	14.1x	2.4x
Sun, 24 Mar 2024	€51.1b	€21.6b	€3.7b	13.9x	13.8x	2.4x
Tue, 20 Feb 2024	€54.7b	€21.6b	€3.8b	14.5x	14.5x	2.5x
Thu, 18 Jan 2024	€53.2b	€21.9b	€3.9b	13.6x	13.7x	2.4x
Sat, 16 Dec 2023	€62.7b	€21.9b	€3.9b	16.3x	16.1x	2.9x
Mon, 13 Nov 2023	€48.5b	€21.9b	€3.9b	14.1x	12.6x	2.2x
Wed, 11 Oct 2023	€53.8b	€21.7b	€3.9b	13.9x	13.9x	2.5x
Fri, 08 Sep 2023	€53.3b	€21.7b	€3.9b	14.1x	13.8x	2.5x
Sun, 06 Aug 2023	€57.2b	€21.5b	€3.8b	15.6x	15.1x	2.7x
Tue, 04 Jul 2023	€60.9b	€20.9b	€3.5b	17.7x	17.6x	2.9x
Thu, 01 Jun 2023	€57.4b	€20.9b	€3.5b	17.5x	16.6x	2.7x

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 95.7x which is higher than its 3-year average PE of 28.3x.

The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 6.1x.

Past Earnings Growth

The earnings for companies in the Semiconductor industry have declined 31% per year over the last three years,
Revenues have also declined 4.2% 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	2.37%
Tech	4.95%
Semiconductors	9.72%
Semiconductors	10.46%
Semiconductor Equipment	3.95%

Industry PE

Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.8x.

Analysts are expecting annual earnings growth of 30.1%, 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 33% over the next 5 years.
This is better than its past earnings decline of 42% per year.

In contrast, the Semiconductors industry is expected to see its earnings grow by 30% 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
IFX Infineon Technologies	€73.42	10.7% +€9.2b	115.6%	PE88.8x
AIXA AIXTRON	€53.68	6.6% +€374.4m	333.4%	PE104x
ELG Elmos Semiconductor	€188.40	6.3% +€192.2m	173.8%	PE29.7x
WAF Siltronic	€93.35	6.0% +€159.0m	162.2%	PS2.1x
SMHN SUSS MicroTec	€90.35	1.6% +€27.7m	137.8%	PE48.8x

centrotherm International AG Announces Changes to Its Supervisory Board

centrotherm international AG announced that at the suggestion of the Management Board and the new main shareholder Ardian Semiconductor, the Ulm Local Court appointed Dr. Helmut Gassel and Stefan Kappis as members of the Supervisory Board of centrotherm international AG with effect from January 15, 2026. At its constituent meeting on January 23, 2026, the Supervisory Board elected Dr. Helmut Gassel as Chairman and Stefan Kappis as Deputy Chairman of the Board. Robert M. Hartung will continue to serve on the Supervisory Board of centrotherm international AG. As a result of the new shareholder structure, the previous Supervisory Board members Hans-Hasso Kersten and Dr. Xinan Jia resigned their seats with effect from December 17, 2025. Dr. Helmut Gassel is a partner and co-founder of Silian Partners, a team of recognized experts from the semiconductor industry with which Ardian Semiconductor has an exclusive strategic partnership. He has more than 30 years of international top management experience in the semiconductor and electronics industry. Most recently, he was a member of the Executive Board of Infineon Technologies AG, responsible for sales, marketing & regions, strategy development, M&A, and IP. Stefan Kappis is a director in the buyout team at Ardian Germany and has been involved in numerous transactions. Before joining Ardian in 2014, he worked in investment banking at Barclays in the areas of corporate finance and M&A in Frankfurt am Main.

German (DAX) Semiconductors Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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