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
Thu, 02 Jul 2026	€117.1b	€18.6b	€1.2b	82.7x	100.1x	6.3x
Sat, 30 May 2026	€121.6b	€18.4b	€1.2b	74.3x	99.7x	6.6x
Mon, 27 Apr 2026	€83.7b	€18.3b	€1.2b	54.9x	70.5x	4.6x
Wed, 25 Mar 2026	€60.2b	€18.5b	€1.2b	48.2x	52x	3.3x
Fri, 20 Feb 2026	€68.2b	€18.5b	€1.2b	31.5x	56.1x	3.7x
Sun, 18 Jan 2026	€62.6b	€18.3b	€1.2b	31.7x	52.9x	3.4x
Tue, 16 Dec 2025	€53.8b	€18.5b	€1.2b	21.1x	44.2x	2.9x
Thu, 13 Nov 2025	€54.1b	€18.5b	€1.4b	21.2x	39.7x	2.9x
Sat, 11 Oct 2025	€48.8b	€20.1b	€1.2b	20.2x	39.5x	2.4x
Mon, 08 Sep 2025	€47.3b	€20.0b	€1.2b	19.6x	38.5x	2.4x
Wed, 06 Aug 2025	€52.5b	€20.0b	€1.3b	15.4x	40.3x	2.6x
Fri, 04 Jul 2025	€55.5b	€20.1b	€1.4b	17.8x	39.2x	2.8x
Sun, 01 Jun 2025	€50.7b	€20.1b	€1.4b	13.6x	35.8x	2.5x
Tue, 29 Apr 2025	€44.5b	€20.0b	€1.6b	12.6x	27.3x	2.2x
Thu, 27 Mar 2025	€49.7b	€20.1b	€1.8b	12x	27.4x	2.5x
Sat, 22 Feb 2025	€56.6b	€20.1b	€1.8b	13.5x	31x	2.8x
Mon, 20 Jan 2025	€50.9b	€20.4b	€2.2b	13.6x	23.2x	2.5x
Wed, 18 Dec 2024	€49.7b	€20.4b	€2.2b	13.7x	22.6x	2.4x
Fri, 15 Nov 2024	€46.7b	€20.6b	€2.3b	12.5x	20.3x	2.3x
Sun, 13 Oct 2024	€47.1b	€20.8b	€2.7b	13.7x	17.6x	2.3x
Tue, 10 Sep 2024	€45.7b	€20.8b	€2.7b	13.9x	17x	2.2x
Thu, 08 Aug 2024	€48.0b	€20.8b	€2.7b	14.9x	17.7x	2.3x
Sat, 06 Jul 2024	€55.9b	€21.3b	€3.2b	14.8x	17.4x	2.6x
Mon, 03 Jun 2024	€57.7b	€21.3b	€3.2b	15.5x	17.9x	2.7x
Wed, 01 May 2024	€52.3b	€21.8b	€3.7b	14.3x	14.2x	2.4x
Fri, 29 Mar 2024	€51.2b	€21.8b	€3.7b	13.7x	13.9x	2.3x
Sun, 25 Feb 2024	€54.4b	€21.6b	€3.8b	14.5x	14.5x	2.5x
Tue, 23 Jan 2024	€56.6b	€21.9b	€3.9b	14.5x	14.6x	2.6x
Thu, 21 Dec 2023	€61.1b	€21.9b	€3.9b	16.1x	15.7x	2.8x
Sat, 18 Nov 2023	€54.6b	€21.9b	€3.9b	14.6x	14x	2.5x
Mon, 16 Oct 2023	€52.6b	€21.6b	€3.8b	15x	13.7x	2.4x
Wed, 13 Sep 2023	€53.5b	€21.7b	€3.9b	13.7x	13.9x	2.5x
Fri, 11 Aug 2023	€56.7b	€21.5b	€3.8b	15.1x	15x	2.6x
Sun, 09 Jul 2023	€58.3b	€20.9b	€3.5b	17.2x	16.8x	2.8x

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 100x which is higher than its 3-year average PE of 31.1x.

The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 6.3x.

Past Earnings Growth

The earnings for companies in the Semiconductor industry have declined 30% per year over the last three years,
Revenues have also declined 3.8% 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 Market	0.57%
Tech	1.81%
Semiconductors	-2.02%
Semiconductor Equipment	-1.90%
Semiconductors	-2.03%

Industry PE

Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 30.3x.

Analysts are expecting annual earnings growth of 30.9%, 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 35% 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 31% 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
TPE PVA TePla	€43.14	7.9% +€68.3m	104.6%	PE466.8x
ELG Elmos Semiconductor	€180.40	0.7% +€20.6m	94.8%	PE28.5x
WAF Siltronic	€87.45	0.3% +€7.5m	107.0%	PS2x
CTNK centrotherm international	€9.60	2.7% +€5.3m	77.8%	PE10.6x
P4O Planoptik	€9.48	3.3% +€1.4m	174.0%	PS3.7x

Infineon Technologies AG (XTRA:IFX) completed the acquisition of Non-Optical Analog/Mixed-Signal Sensor Portfolio of ams-OSRAM AG (SWX:AMS).

Infineon Technologies AG (XTRA:IFX) entered into an agreement to acquire Non-Optical Analog/Mixed-Signal Sensor Portfolio of ams-OSRAM AG (SWX:AMS) for €570 million on February 3, 2026. A cash consideration of €570 million will be paid by Infineon Technologies AG. The purchase price of €570 million is on a debt-free and cash-free basis. The overall transaction is structured as a fabless asset deal covering sensor products, R&D capabilities, intellectual property and test & lab equipment. The sale concerns entities holding about €130 million of assets that guarantee ams OSRAM’s convertible bonds and senior notes; The related proceeds will be applied to pro-rata buyback or redemption of those instruments. As part of the transaction, around 230 employees with expertise in research and development (R&D) and business management will join Infineon. The agreement includes a multi-year supply agreement with ams OSRAM. Infineon will fund the acquisition with additional debt, as part of its general corporate financing plans. The transaction will be accretive to earnings-per-share immediately upon closing, with future synergies enabling substantial additional value creation. For the period ending December 31, 2025, Non-Optical Analog/Mixed-Signal Sensor Portfolio of ams-OSRAM AG reported total revenue of €220 million and EBITDA of €60 million. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of calendar year 2026. Morgan Stanley & Co. International plc acted as financial advisor for ams-OSRAM AG. Linklaters LLP acted as legal advisor for ams-OSRAM AG. Infineon Technologies AG (XTRA:IFX) completed the acquisition of Non-Optical Analog/Mixed-Signal Sensor Portfolio of ams-OSRAM AG (SWX:AMS) on June 30, 2026. The transaction has received all necessary regulatory approvals. With the acquisition, Infineon strengthens its position as a leader in sensors for industrial and automotive applications through a complementary portfolio and expands its product range in medical applications. The acquired business is expected to generate around €230 million in revenue in calendar year 2026 and will support Infineon's profitable growth. The acquired portfolio is a strong strategic fit for the newly established Edge Systems (ES) division, where Infineon brings together sensors, compute, connectivity and security to enable integrated system-level solutions at the edge. The teams and assets will be integrated into the existing sensor and radio frequency business within ES. As a result, Infineon gains three new locations in Valencia (Spain), Rapperswil (Switzerland) and Hyderabad (India).

German (DAX) Semiconductors Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Infineon Technologies AG (XTRA:IFX) completed the acquisition of Non-Optical Analog/Mixed-Signal Sensor Portfolio of ams-OSRAM AG (SWX:AMS).

AIXA: AI Data Center Hopes Will Struggle Against Mounting Execution Risks

TPE: Fair Value View Balances Index Inclusion With Longer Term Growth Plans

Price target increased by 7.9% to €108

WAF: Higher Revenue And Margin Assumptions Will Support A Firmer Earnings Floor

ELG: Higher Multiple And MDAX Promotion Will Magnify Execution Risk

New major risk - Shareholder dilution

New minor risk - Financial data availability

No independent directors

Planoptik AG, Annual General Meeting, Jun 23, 2026

Upcoming dividend of €0.47 per share

Price target decreased by 26% to €6.15

New 90-day low: €6.25