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German (DAX) Software Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies41
  • 7D4.8%
  • 3M28.6%
  • 1Y56.6%
  • YTD30.4%

The Software industry is up 5.3% in the last week, with SAP up 4.9%. Meanwhile, Northern Data actually underperformed within the industry, shrinking 5.3% in the last week. This takes the industry's 12 month performance to a gain of 58%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024€234.3b€36.5b€3.9b20.5x60.8x6.4x
Sat, 24 Feb 2024€219.2b€36.2b€4.1b20.7x54x6.1x
Mon, 22 Jan 2024€196.8b€38.0b€2.3b23.9x86.4x5.2x
Wed, 20 Dec 2023€187.6b€38.0b€2.3b25.2x82.3x4.9x
Fri, 17 Nov 2023€182.6b€38.0b€2.3b23.2x80.6x4.8x
Sun, 15 Oct 2023€162.6b€37.6b€1.8b26.8x89.8x4.3x
Tue, 12 Sep 2023€171.7b€37.6b€1.8b27x93.4x4.6x
Thu, 10 Aug 2023€165.1b€37.6b€1.8b27.7x89.9x4.4x
Sat, 08 Jul 2023€163.3b€37.2b€1.9b31.2x84.7x4.4x
Mon, 05 Jun 2023€167.8b€37.4b€2.3b30.5x74x4.5x
Wed, 03 May 2023€164.6b€37.3b€2.3b29.1x72.1x4.4x
Fri, 31 Mar 2023€154.5b€36.5b€2.9b27.2x53.4x4.2x
Sun, 26 Feb 2023€143.7b€36.6b€2.9b25.7x49.8x3.9x
Tue, 24 Jan 2023€144.0b€36.0b€3.8b26.4x37.6x4x
Thu, 22 Dec 2022€133.2b€35.9b€3.8b25x35x3.7x
Sat, 19 Nov 2022€135.0b€35.9b€3.8b26.8x35.5x3.8x
Mon, 17 Oct 2022€118.4b€34.8b€4.5b23x26.1x3.4x
Wed, 14 Sep 2022€121.9b€34.7b€4.5b26x26.9x3.5x
Fri, 12 Aug 2022€130.3b€34.5b€4.2b28.2x30.8x3.8x
Sun, 10 Jul 2022€124.8b€33.5b€5.3b25.4x23.7x3.7x
Tue, 07 Jun 2022€132.8b€33.5b€5.1b29.4x26.3x4x
Thu, 05 May 2022€133.6b€33.4b€5.0b28.5x26.6x4x
Sat, 02 Apr 2022€144.4b€32.6b€5.3b28.7x27.2x4.4x
Mon, 28 Feb 2022€147.1b€32.7b€5.3b32.6x27.8x4.5x
Wed, 26 Jan 2022€164.8b€32.3b€5.8b34.5x28.6x5.1x
Fri, 24 Dec 2021€180.7b€32.2b€5.8b35.5x31.2x5.6x
Sun, 21 Nov 2021€185.2b€32.5b€5.8b35.8x32.1x5.7x
Tue, 19 Oct 2021€180.9b€32.9b€5.8b38.1x31x5.5x
Thu, 16 Sep 2021€179.9b€32.2b€6.0b40.9x30.2x5.6x
Sat, 14 Aug 2021€181.9b€32.1b€6.0b41.2x30.3x5.7x
Wed, 09 Jun 2021€165.1b€32.0b€5.5b34.9x29.8x5.2x
Price to Earnings Ratio

26.4x


Total Market Cap: €149.3bTotal Earnings: €5.7bTotal Revenue: €31.6bTotal Market Cap vs Earnings and Revenue0%0%0%
German Software Industry Price to Earnings3Y Average 45.9x202220232024
Current Industry PE
  • Investors are optimistic on the German Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 61.0x which is higher than its 3-year average PE of 45.9x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Software industry have declined 12% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the German Tech industry?

DE Market2.54%
Tech3.99%
Software4.76%
Application Software4.81%
Systems Software1.52%
Industry PE
  • Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 43.7x.
    • Analysts are expecting annual earnings growth of 21.3%, which is higher than its past year's earnings growth of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 81% over the next 5 years.
  • This is better than its past earnings growth rate of 2.1% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 21% 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
SAP SAP€182.044.9%
+€9.8b
58.8%PE56x
NEM Nemetschek€93.006.3%
+€639.9m
60.0%PE66.6x
TMV TeamViewer€13.833.5%
+€76.1m
-8.7%PE19.6x
AOF ATOSS Software€272.502.1%
+€43.7m
71.8%PE60.6x
IXX init innovation in traffic systems€35.6013.7%
+€41.1m
33.8%PE23.1x
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Latest News

SJJ

€12.20

Serviceware

7D

-6.2%

1Y

81.5%

IVU

€15.20

IVU Traffic Technologies

7D

12.1%

1Y

-9.8%

GKS

€200.00

GK Software

7D

-4.8%

1Y

n/a

CLIQ

€16.02

Cliq Digital

7D

-6.2%

1Y

-43.6%

MUM

€52.90

Mensch und Maschine Software

7D

2.1%

1Y

5.2%

TMV

€13.83

TeamViewer

7D

3.5%

1Y

-8.7%

AOF

€272.50

ATOSS Software

7D

2.1%

1Y

71.8%

NB2

€26.05

Northern Data

7D

-0.8%

1Y

123.2%

EQS

€40.20

EQS Group

7D

-1.5%

1Y

76.3%