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German (DAX) Application Software Industry Analysis
UpdatedJan 21, 2026
DataAggregated Company Financials
Companies37
- 7D-9.3%
- 3M-18.3%
- 1Y-25.0%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 9.3%, driven by a pullback from SAP of 9.1%. On the other hand Easy Software is actually up 6.3%. The industry has fallen 25% in the last year. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the German Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | €241.7b | €40.3b | €7.3b | 24.4x | 33.1x | 6x |
| Fri, 19 Dec 2025 | €262.1b | €40.3b | €7.3b | 24.1x | 35.9x | 6.5x |
| Sun, 16 Nov 2025 | €263.7b | €40.3b | €7.3b | 25.5x | 36.1x | 6.5x |
| Tue, 14 Oct 2025 | €288.7b | €38.9b | €6.7b | 33.2x | 43.3x | 7.4x |
| Thu, 11 Sep 2025 | €280.1b | €38.9b | €6.7b | 30.7x | 42x | 7.2x |
| Sat, 09 Aug 2025 | €314.1b | €38.9b | €6.7b | 30x | 47.1x | 8.1x |
| Mon, 07 Jul 2025 | €319.2b | €38.1b | €5.9b | 30.4x | 54.6x | 8.4x |
| Wed, 04 Jun 2025 | €336.2b | €38.5b | €5.8b | 45.5x | 57.6x | 8.7x |
| Fri, 02 May 2025 | €320.5b | €39.3b | €5.9b | 31.9x | 54.1x | 8.2x |
| Sun, 30 Mar 2025 | €309.3b | €38.1b | €3.3b | 25.2x | 94.5x | 8.1x |
| Tue, 25 Feb 2025 | €342.5b | €38.1b | €3.3b | 23.2x | 104.8x | 9x |
| Thu, 23 Jan 2025 | €321.0b | €36.9b | €2.9b | 28.1x | 110x | 8.7x |
| Sat, 21 Dec 2024 | €295.1b | €36.9b | €2.9b | 28.3x | 101.1x | 8x |
| Mon, 18 Nov 2024 | €273.2b | €36.9b | €2.9b | 27.7x | 93.6x | 7.4x |
| Wed, 16 Oct 2024 | €264.4b | €36.2b | €2.7b | 30.5x | 96.8x | 7.3x |
| Fri, 13 Sep 2024 | €250.8b | €36.2b | €2.7b | 29.8x | 91.8x | 6.9x |
| Sun, 11 Aug 2024 | €239.6b | €36.2b | €2.7b | 31.1x | 89.5x | 6.6x |
| Tue, 09 Jul 2024 | €233.8b | €34.7b | €2.8b | 30.6x | 84.4x | 6.7x |
| Thu, 06 Jun 2024 | €215.0b | €35.1b | €2.5b | 23.8x | 84.4x | 6.1x |
| Sat, 04 May 2024 | €215.8b | €35.8b | €2.7b | 20.5x | 80.7x | 6x |
| Mon, 01 Apr 2024 | €228.8b | €35.1b | €3.9b | 20.1x | 59.1x | 6.5x |
| Wed, 28 Feb 2024 | €221.6b | €34.9b | €4.1b | 20.7x | 54.3x | 6.4x |
| Fri, 26 Jan 2024 | €206.2b | €35.1b | €4.0b | 22.4x | 51x | 5.9x |
| Sun, 24 Dec 2023 | €178.7b | €36.0b | €2.3b | 23.1x | 77.4x | 5x |
| Tue, 21 Nov 2023 | €181.1b | €36.0b | €2.3b | 23.3x | 78.9x | 5x |
| Thu, 19 Oct 2023 | €156.6b | €35.6b | €1.9b | 27.6x | 83.8x | 4.4x |
| Sat, 16 Sep 2023 | €164.0b | €35.7b | €1.9b | 28.9x | 86.8x | 4.6x |
| Mon, 14 Aug 2023 | €162.7b | €35.6b | €1.9b | 31.1x | 86.1x | 4.6x |
| Wed, 12 Jul 2023 | €160.6b | €35.2b | €2.0b | 31.1x | 81.5x | 4.6x |
| Fri, 09 Jun 2023 | €162.2b | €35.4b | €2.3b | 32.2x | 71.5x | 4.6x |
| Sun, 07 May 2023 | €158.4b | €35.4b | €2.3b | 29.7x | 69x | 4.5x |
| Tue, 04 Apr 2023 | €150.2b | €34.7b | €2.9b | 28.9x | 51.8x | 4.3x |
| Thu, 02 Mar 2023 | €138.1b | €34.6b | €2.9b | 27.3x | 47.5x | 4x |
| Sat, 28 Jan 2023 | €135.2b | €34.1b | €3.8b | 26.8x | 35.4x | 4x |
Price to Earnings Ratio
35.4x
Current Industry PE
- Investors are pessimistic on the German Application Software 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 33.1x which is lower than its 3-year average PE of 70.9x.
- The industry is trading close to its 3-year average PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 5.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does German Application Software compare with similar industries?
| DE Market | -3.00% | |
| Tech | -8.07% | |
| Software | -9.28% | |
| Application Software | -9.31% | |
| Systems Software | 0.56% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ESY Easy Software | €18.70 | 6.3% +€8.3m | 1.6% | PE329.8x | |
| OSP2 USU Software | €8.80 | 1.1% +€1.0m | -60.0% | PS1.7x | |
| DTD2 B+S Banksysteme | €2.18 | 5.8% +€745.2k | -9.2% | PE9.3x | |
| TBX0 tick Trading Software | €8.15 | 3.2% +€503.3k | 2.5% | PE8.6x | |
| CPU2 CPU Softwarehouse | €0.78 | 11.4% +€360.3k | -32.8% | PS0.9x |
