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German (DAX) Semiconductors Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.2%
  • 3M19.3%
  • 1Y20.8%
  • YTD6.6%

Over the last 7 days, the Semiconductors industry has dropped 3.2%, driven by Infineon Technologies declining 2.9%. In the past year, the industry has gained 21%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026€61.2b€18.3b€1.2b29x51x3.4x
Fri, 02 Jan 2026€56.1b€18.3b€1.2b26x47.4x3.1x
Sun, 30 Nov 2025€54.5b€18.5b€1.2b22.3x44.7x2.9x
Tue, 28 Oct 2025€52.3b€20.1b€1.2b20.6x42.2x2.6x
Thu, 25 Sep 2025€50.8b€20.0b€1.2b21.3x41.3x2.5x
Sat, 23 Aug 2025€54.7b€20.0b€1.2b18.9x44.3x2.7x
Mon, 21 Jul 2025€57.1b€20.1b€1.4b18x40.4x2.8x
Wed, 18 Jun 2025€52.0b€20.1b€1.4b15.5x36.7x2.6x
Fri, 16 May 2025€50.4b€20.1b€1.4b14.1x35.6x2.5x
Sun, 13 Apr 2025€38.4b€20.0b€1.6b10.5x23.6x1.9x
Tue, 11 Mar 2025€50.8b€20.1b€1.8b12.6x28.4x2.5x
Thu, 06 Feb 2025€51.0b€20.1b€1.8b12.9x27.7x2.5x
Sat, 04 Jan 2025€46.9b€20.4b€2.2b12.9x21.4x2.3x
Mon, 02 Dec 2024€46.5b€20.4b€2.2b12.5x21.2x2.3x
Wed, 30 Oct 2024€47.0b€20.8b€2.7b13.3x17.7x2.3x
Fri, 27 Sep 2024€47.7b€20.8b€2.7b14.3x17.8x2.3x
Sun, 25 Aug 2024€50.2b€20.8b€2.7b15.1x18.7x2.4x
Tue, 23 Jul 2024€53.5b€21.3b€3.2b14.1x16.6x2.5x
Thu, 20 Jun 2024€54.1b€21.3b€3.2b13.9x16.8x2.5x
Sat, 18 May 2024€58.1b€21.4b€3.2b15.4x18x2.7x
Mon, 15 Apr 2024€51.7b€21.8b€3.7b14x14x2.4x
Wed, 13 Mar 2024€56.2b€21.7b€3.8b15.2x14.9x2.6x
Fri, 09 Feb 2024€54.5b€21.6b€3.8b14.5x14.5x2.5x
Sun, 07 Jan 2024€57.2b€21.9b€3.9b15.1x14.7x2.6x
Tue, 05 Dec 2023€58.2b€21.9b€3.9b15.7x15x2.7x
Thu, 02 Nov 2023€45.6b€21.7b€3.9b13x11.8x2.1x
Sat, 30 Sep 2023€52.0b€21.7b€3.9b13.2x13.5x2.4x
Mon, 28 Aug 2023€53.1b€21.7b€3.9b15x13.8x2.5x
Wed, 26 Jul 2023€60.9b€20.9b€3.5b18.5x17.6x2.9x
Fri, 23 Jun 2023€60.1b€20.9b€3.5b19.1x17.3x2.9x
Sun, 21 May 2023€58.8b€20.9b€3.5b17.1x17x2.8x
Tue, 18 Apr 2023€59.5b€20.0b€3.1b19.5x19.2x3x
Thu, 16 Mar 2023€54.2b€19.8b€3.0b19.3x18.3x2.7x
Sat, 11 Feb 2023€57.1b€19.7b€2.9b18.6x19.4x2.9x
Price to Earnings Ratio

19.4x


Total Market Cap: €57.1bTotal Earnings: €2.9bTotal Revenue: €19.7bTotal Market Cap vs Earnings and Revenue0%0%0%
German Semiconductors Industry Price to Earnings3Y Average 23.9x202420252026
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 51.0x which is higher than its 3-year average PE of 23.9x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 26% per year over the last three years,
  • Revenues have also declined 2.4% 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-0.44%
Tech-11.04%
Semiconductors-3.18%
Semiconductors-2.68%
Semiconductor Equipment-8.30%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry even though it's trading below its 3-year average PE ratio of 153x.
    • Analysts are expecting annual earnings growth of 6.5%, which is higher than its past year's earnings decline of 20.8% 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 23.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 6.5% 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
ELG Elmos Semiconductor€114.004.8%
+€89.1m		61.7%PE15.8x
CTNK centrotherm international€9.4015.3%
+€26.5m		175.7%PE5.8x
QCE Global PVQ€0.003100.0%
+€264.5k		0%n/a
M5Z Manz€0.1126.2%
+€241.9k		-71.7%PS0.006x
9TS TubeSolar€0.01400.0%
+€118.3k		354.5%n/a

Latest News

ELG
€114.00
Elmos Semiconductor
7D
4.8%
1Y
61.7%
CTNK
€9.40
centrotherm international
7D
15.3%
1Y
175.7%
TPE
€25.04
PVA TePla
7D
-12.4%
1Y
90.1%

What Is PVA TePla AG's (ETR:TPE) Share Price Doing?

Feb 03
What Is PVA TePla AG's (ETR:TPE) Share Price Doing?
AIXA
€19.82
AIXTRON
7D
-5.6%
1Y
47.3%

AIXA: Data Center And AI Power Demand Will Guide Balanced Long Term Outlook

The updated analyst price framework for AIXTRON points to a fair value increase from about €18.25 to about €19.83, as analysts factor in Street research that highlights expected benefits from data center and artificial intelligence power demand, along with a higher assumed future P/E multiple. Analyst Commentary Recent Street research on AIXTRON has centered on the potential impact of data center and artificial intelligence related power demand on the company’s growth profile, and on how much investors are willing to pay for that growth via a higher P/E multiple.
SIS
€54.20
First Sensor
7D
-1.8%
1Y
0.4%
WAF
€47.82
Siltronic
7D
-12.5%
1Y
19.8%

WAF: Potential 2026 Volume Recovery Will Signal A More Constructive Earnings Floor

Narrative update on Siltronic The blended analyst view on Siltronic now centers on a price target of €70, with recent target moves between €57 and €70 reflecting updated expectations for revenue growth, profit margins and future P/E assumptions as analysts weigh gradual volume recovery over the coming years. Analyst Commentary Recent Street commentary on Siltronic gives you a clearer picture of how expectations are being fine tuned rather than radically reset.
IFX
€41.08
Infineon Technologies
7D
-2.9%
1Y
19.1%

IFX: Data Center Power Partnerships And Materials Supply Will Shape Balanced Outlook

Analysts have nudged their price expectations for Infineon higher, reflecting updated fair value estimates of €46.39, slightly adjusted assumptions for growth, margins and discount rate, and recent Street research in which firms lifted their price targets on the shares and highlighted Infineon's role in a planned DC-based datacenter infrastructure partnership. Analyst Commentary Recent Street research on Infineon points to a mix of optimism around the updated fair value and the DC-based datacenter opportunity, alongside some caution on execution and risk-reward at current levels.
SMHN
€47.78
SUSS MicroTec
7D
-6.3%
1Y
11.4%

SMHN: AI Exposure Will Face Execution Risk Despite Raised Long Term Ambitions

The analyst fair value estimate for SUSS MicroTec has moved from €30.00 to €37.00, as analysts factor in improved artificial intelligence exposure, expectations for an order inflection, order weakness being reflected in existing estimates, and a mix of higher and lower recent Street price targets. Analyst Commentary Recent Street research on SUSS MicroTec shows a wide spread in opinion, with several firms lifting ratings and targets while others have turned more cautious.
NW1
€0.067
Windon Energy Group
7D
10.8%
1Y
-34.2%
P4O
€4.98
Planoptik
7D
-6.0%
1Y
30.4%

Planoptik AG's (ETR:P4O) Shares Climb 27% But Its Business Is Yet to Catch Up

Jan 09
Planoptik AG's (ETR:P4O) Shares Climb 27% But Its Business Is Yet to Catch Up
GY9
€0.016
Smoltek Nanotech Holding
7D
2.6%
1Y
-52.9%

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Dec 17
Smoltek Nanotech Holding (FRA:GY9) Has Debt But No Earnings; Should You Worry?
M5Z
€0.11
Manz
7D
26.2%
1Y
-71.7%
CV3
€0.59
Carpevigo Holding
7D
-0.8%
1Y
-9.2%
PS4
€0.012
Phoenix Solar
7D
200.0%
1Y
300.0%
9TS
€0.01
TubeSolar
7D
400.0%
1Y
354.5%