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

German (DAX) Semiconductors Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies16
  • 7D-12.3%
  • 3M-19.6%
  • 1Y57.4%
  • YTD45.5%

Over the last 7 days, the Semiconductors industry has dropped 12%, driven by Infineon Technologies declining 13%. In the past year, the industry has gained 57%. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026€83.7b€19.0b€1.2b52.1x68.5x4.4x
Sat, 18 Jul 2026€96.0b€18.6b€1.2b76.5x82x5.2x
Mon, 15 Jun 2026€119.9b€18.7b€1.2b88.4x100.8x6.4x
Wed, 13 May 2026€89.2b€18.4b€1.2b59.5x76.7x4.9x
Fri, 10 Apr 2026€66.3b€18.2b€1.2b49x55.9x3.6x
Sun, 08 Mar 2026€60.6b€18.5b€1.2b38.1x49.3x3.3x
Tue, 03 Feb 2026€62.4b€18.3b€1.2b29.7x52x3.4x
Thu, 01 Jan 2026€56.1b€18.3b€1.2b26x47.4x3.1x
Sat, 29 Nov 2025€54.4b€18.5b€1.2b22.3x44.7x2.9x
Mon, 27 Oct 2025€51.1b€20.1b€1.2b20.8x41.3x2.5x
Wed, 24 Sep 2025€51.0b€20.0b€1.2b21.1x41.5x2.5x
Fri, 22 Aug 2025€53.6b€20.0b€1.2b18.9x43.5x2.7x
Sun, 20 Jul 2025€57.1b€20.1b€1.4b18x40.4x2.8x
Tue, 17 Jun 2025€52.8b€20.1b€1.4b15.5x37.3x2.6x
Thu, 15 May 2025€51.4b€20.1b€1.4b14.3x36.2x2.6x
Sat, 12 Apr 2025€38.4b€20.0b€1.6b10.5x23.6x1.9x
Mon, 10 Mar 2025€53.1b€20.1b€1.8b13x29.7x2.6x
Wed, 05 Feb 2025€46.8b€20.1b€1.8b12.9x25.4x2.3x
Fri, 03 Jan 2025€47.5b€20.4b€2.2b13x21.6x2.3x
Sun, 01 Dec 2024€46.5b€20.4b€2.2b12.5x21.2x2.3x
Tue, 29 Oct 2024€47.3b€20.8b€2.7b13.2x17.8x2.3x
Thu, 26 Sep 2024€45.9b€20.8b€2.7b14.2x17.1x2.2x
Sat, 24 Aug 2024€50.2b€20.8b€2.7b15.1x18.7x2.4x
Mon, 22 Jul 2024€51.8b€21.3b€3.2b13.9x16.1x2.4x
Wed, 19 Jun 2024€56.5b€21.3b€3.2b14.5x17.5x2.6x
Fri, 17 May 2024€58.2b€21.4b€3.2b15.3x18x2.7x
Sun, 14 Apr 2024€51.7b€21.8b€3.7b14x14x2.4x
Tue, 12 Mar 2024€54.4b€21.7b€3.8b14.7x14.4x2.5x
Thu, 08 Feb 2024€52.7b€21.6b€3.8b14x14x2.4x
Sat, 06 Jan 2024€57.2b€21.9b€3.9b15.1x14.7x2.6x
Mon, 04 Dec 2023€58.5b€21.9b€3.9b15.7x15.1x2.7x
Wed, 01 Nov 2023€45.7b€21.7b€3.9b12.4x11.8x2.1x
Fri, 29 Sep 2023€52.0b€21.7b€3.9b13.2x13.5x2.4x
Sun, 27 Aug 2023€53.1b€21.7b€3.9b15x13.8x2.5x
Price to Earnings Ratio

13.8x


Total Market Cap: €53.1bTotal Earnings: €3.9bTotal Revenue: €21.7bTotal Market Cap vs Earnings and Revenue0%0%0%
German Semiconductors Industry Price to Earnings3Y Average 34.1x202420252026
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 68.5x which is higher than its 3-year average PE of 34.1x.
  • The 3-year average PS ratio of 2.9x 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 4.2% 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-0.66%
Tech0.057%
Semiconductors-12.28%
Semiconductor Equipment-9.37%
Semiconductors-12.62%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 32.8x.
    • Analysts are expecting annual earnings growth of 34.5%, which is higher than its past year's earnings decline of 6.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 47% 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 34% 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
SIS First Sensor€54.001.9%
+€10.3m		-6.9%PE50x
CTNK centrotherm international€9.300.5%
+€1.1m		106.7%PE10.3x
SWVK SolarWorld€0.06516.1%
+€134.1k		6.6%n/a
QCE Global PVQ€0.001416.7%
+€35.3k		-60.0%n/a
M5Z Manz€0.00444.8%
+€2.1k		n/an/a

Latest News

IFX
€54.98
Infineon Technologies
7D
-12.9%
1Y
51.0%
Narrative Update • Aug 19

IFX: AI Power Optimism Will Challenge Dresden Capacity And Margin Execution

Analysts now set a slightly higher fair value for Infineon Technologies of €51.32, reflecting updated price targets that take into account mixed recent target revisions across the Street and modestly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research on Infineon Technologies shows a mix of optimism about long term demand drivers and some caution around how much of that is already reflected in the share price.
WAF
€82.20
Siltronic
7D
-1.2%
1Y
128.7%
New Narrative • Aug 17

Siltronic AG: 2-minute Drill - The Loss-Making AI Supplier at an Earnings Inflection

The market sees a loss-making wafer maker. I see a semiconductor oligopoly where volumes are recovering just as depreciation is about to peak.
SIS
€54.00
First Sensor
7D
1.9%
1Y
-6.9%
P4O
€8.18
Planoptik
7D
-8.1%
1Y
93.8%
SMHN
€72.90
SUSS MicroTec
7D
-12.3%
1Y
174.1%
AIXA
€37.30
AIXTRON
7D
-13.4%
1Y
190.5%
Narrative Update • Aug 12

AIXA: GaN Demand And New Partnerships Will Drive Future Repricing

The analyst price target for AIXTRON has been reset lower from about €73 to roughly €68, with analysts pointing to updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E after recent Street research updates, including the move in JPMorgan's target from €70 to €60. Analyst Commentary Recent Street research on AIXTRON shows a mix of reassessment and ongoing confidence.
TPE
€29.00
PVA TePla
7D
-9.0%
1Y
19.8%
ELG
€139.60
Elmos Semiconductor
7D
-8.4%
1Y
65.2%
Narrative Update • Aug 10

ELG: Market Share Gains And Index Inclusion Will Drive Future Upside Potential

Elmos Semiconductor's analyst fair value estimate has been updated from €180 to €191, as analysts point to higher price targets and expectations for market share gains supported by recent research upgrades. Analyst Commentary Recent research updates on Elmos Semiconductor focus on higher price targets and expectations for market share gains.
GY9
€0.11
Smoltek Nanotech Holding
7D
-4.3%
1Y
404.6%
CTNK
€9.30
centrotherm international
7D
0.5%
1Y
106.7%