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German (DAX) Semiconductor Equipment Industry Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies8
  • 7D-2.8%
  • 3M14.0%
  • 1Y8.9%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 2.8%, driven by a pullback from AIXTRON of 6.2%. Meanwhile, centrotherm international actually outperformed within the industry, gaining 15% in the last week. This takes the industry's 12 month performance to a gain of 8.9%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the German Semiconductor Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025€4.8b€3.2b€130.9m16.9x36.4x1.5x
Sun, 16 Nov 2025€4.7b€3.2b€130.9m16.8x35.5x1.4x
Tue, 14 Oct 2025€5.5b€4.8b€10.4m14x530.9x1.2x
Thu, 11 Sep 2025€4.3b€4.7b€1.8m12.6x2444.1x0.9x
Sat, 09 Aug 2025€4.7b€4.8b€70.5m14.1x66.7x1x
Mon, 07 Jul 2025€5.3b€4.7b€73.4m16.8x71.6x1.1x
Wed, 04 Jun 2025€4.3b€4.7b€73.4m13.7x58.4x0.9x
Fri, 02 May 2025€4.0b€4.6b€113.5m12.5x35.2x0.9x
Sun, 30 Mar 2025€4.1b€4.6b€104.4m11.2x39.2x0.9x
Tue, 25 Feb 2025€4.8b€4.7b€341.5m13.1x14x1x
Thu, 23 Jan 2025€4.7b€4.7b€341.5m12.8x13.7x1x
Sat, 21 Dec 2024€4.8b€4.7b€341.5m12.8x13.9x1x
Mon, 18 Nov 2024€4.9b€5.0b€442.4m11.9x11x1x
Wed, 16 Oct 2024€5.6b€4.9b€455.6m11.4x12.3x1.1x
Fri, 13 Sep 2024€5.9b€4.9b€456.8m12.1x13x1.2x
Sun, 11 Aug 2024€6.6b€4.9b€466.3m14.2x14.1x1.3x
Tue, 09 Jul 2024€7.3b€5.0b€558.9m14.2x13.1x1.5x
Thu, 06 Jun 2024€8.0b€5.0b€558.9m15.7x14.3x1.6x
Sat, 04 May 2024€7.9b€5.1b€620.9m14.1x12.7x1.5x
Mon, 01 Apr 2024€8.4b€5.0b€597.8m17.9x14x1.7x
Wed, 28 Feb 2024€9.5b€4.9b€676.3m22.5x14x1.9x
Fri, 26 Jan 2024€9.8b€4.9b€676.3m19.7x14.5x2x
Sun, 24 Dec 2023€10.1b€4.9b€676.3m16.9x14.9x2.1x
Tue, 21 Nov 2023€9.0b€4.9b€676.3m15.4x13.3x1.8x
Thu, 19 Oct 2023€8.8b€4.6b€667.5m15.3x13.2x1.9x
Sat, 16 Sep 2023€9.6b€4.7b€676.7m15.4x14.2x2x
Mon, 14 Aug 2023€10.1b€4.7b€676.7m15.7x14.9x2.1x
Wed, 12 Jul 2023€9.6b€4.4b€599.7m20.3x16.1x2.2x
Fri, 09 Jun 2023€9.9b€4.4b€599.7m20.9x16.5x2.2x
Sun, 07 May 2023€9.9b€4.3b€581.0m21.5x17x2.3x
Tue, 04 Apr 2023€10.1b€4.4b€602.4m22.2x16.7x2.3x
Thu, 02 Mar 2023€9.4b€4.1b€457.9m33.3x20.4x2.3x
Sat, 28 Jan 2023€9.4b€4.1b€459.6m30.9x20.6x2.3x
Mon, 26 Dec 2022€8.5b€4.1b€459.6m24.7x18.6x2.1x
Price to Earnings Ratio

18.6x


Total Market Cap: €8.5bTotal Earnings: €459.6mTotal Revenue: €4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Semiconductor Equipment Industry Price to Earnings3Y Average 151.2x202320242025
Current Industry PE
  • Investors are pessimistic on the German Semiconductor Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 36.4x which is lower than its 3-year average PE of 151x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have declined 34% per year over the last three years,
  • Revenues have also declined 8.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does German Semiconductor Equipment compare with similar industries?

DE Market-0.38%
Tech-0.41%
Semiconductors-3.04%
Semiconductor Equipment-2.80%
Semiconductors-3.07%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CTNK centrotherm international€9.4015.3%
+€26.5m		175.7%PE5.8x
TPE PVA TePla€23.162.5%
+€11.6m		73.1%PE30.9x
GY9 Smoltek Nanotech Holding€0.01710.4%
+€288.1k		51.8%PS9.5x
M5Z Manz€0.05218.1%
+€82.0k		-97.4%PS0.003x

Latest News

CTNK
€9.40
centrotherm international
7D
15.3%
1Y
175.7%
NW1
€0.07
Windon Energy Group
7D
-27.5%
1Y
-31.0%
GY9
€0.017
Smoltek Nanotech Holding
7D
10.4%
1Y
51.8%

Smoltek Nanotech Holding (FRA:GY9) Has Debt But No Earnings; Should You Worry?

Dec 17
Smoltek Nanotech Holding (FRA:GY9) Has Debt But No Earnings; Should You Worry?
TPE
€23.16
PVA TePla
7D
2.5%
1Y
73.1%

TPE Will See Delayed Orders Potentially Unlock Upside As Outlook Stabilizes

Analysts have trimmed their price target for PVA TePla to EUR 26 from EUR 37, citing reduced growth visibility amid macro uncertainty, customer delays and a softer outlook for silicon wafers, even as underlying margin and revenue growth assumptions remain broadly resilient. Analyst Commentary Bullish analysts continue to highlight the company’s capacity to deliver solid operational execution, even as macro headwinds weigh on near term sentiment.
SMHN
€38.98
SUSS MicroTec
7D
-0.05%
1Y
-22.0%

SMHN: Improving AI Demand Will Drive Future Upside Potential

The analyst price target for SUSS MicroTec has been revised higher to EUR 39 from EUR 30, as analysts highlight an improving artificial intelligence outlook, a prospective order inflection, and a still-attractive valuation despite some recent target cuts. Analyst Commentary Recent rating and target changes show a broadly constructive shift in sentiment on SUSS MicroTec, with several upgrades to Buy and higher target prices, even as some houses trim expectations or turn more cautious.
WAF
€46.18
Siltronic
7D
-3.6%
1Y
-0.6%

WAF: Customer Inventory Drawdown Will Drive Wafer Volume Recovery Into 2026

Analysts have nudged their average price target on Siltronic slightly higher, reflecting a modest uptick in long term growth expectations as recent research points to recovering wafer volumes into 2026 and reduced downside risks at current EUR share levels. Analyst Commentary Recent Street research reflects a cautiously constructive stance on Siltronic, with multiple target price revisions signaling improving confidence in execution and end market recovery, even as some valuation and cycle timing concerns persist.
AIXA
€16.63
AIXTRON
7D
-6.2%
1Y
17.9%

AIXA: Data Center And AI Power Demand Will Shape Balanced Future Outlook

The analyst price target for AIXTRON has been modestly increased to EUR 17.50 from EUR 16.93, as analysts highlight stronger long term growth prospects tied to data center and artificial intelligence demand, alongside improving revenue growth and profit margin outlooks. Analyst Commentary Recent Street research reflects a generally constructive stance on AIXTRON, with several upgrades and target price increases underscoring confidence in the companys long term positioning in data center and artificial intelligence related demand.
M5Z
€0.052
Manz
7D
18.1%
1Y
-97.4%