We Think Nemetschek's (ETR:NEM) Solid Earnings Are Understated
Mar 27
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- 7D4.4%
- 3M-26.3%
- 1Y-35.6%
- YTDn/a
Over the last 7 days, the Application Software industry has risen 2.8%, driven by gains from SAP of 2.9%. Meanwhile, Northern Data actually underperformed within the industry, shrinking 8.6% in the last week. However, the industry is down 38% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 04 Apr 2026 | €186.8b | €40.6b | €7.1b | 17.8x | 26.4x | 4.6x |
| Mon, 02 Mar 2026 | €213.3b | €40.6b | €7.4b | 22.6x | 28.8x | 5.3x |
| Wed, 28 Jan 2026 | €243.7b | €40.3b | €7.3b | 25.4x | 33.3x | 6.1x |
| Fri, 26 Dec 2025 | €259.6b | €40.3b | €7.3b | 23.9x | 35.5x | 6.4x |
| Sun, 23 Nov 2025 | €256.1b | €40.3b | €7.3b | 24.3x | 35x | 6.4x |
| Tue, 21 Oct 2025 | €296.6b | €38.9b | €6.7b | 32.8x | 44.5x | 7.6x |
| Thu, 18 Sep 2025 | €272.3b | €38.9b | €6.7b | 34.6x | 40.9x | 7x |
| Sat, 16 Aug 2025 | €296.8b | €39.0b | €6.7b | 29.3x | 44.6x | 7.6x |
| Mon, 14 Jul 2025 | €323.6b | €38.1b | €5.9b | 30.1x | 55.3x | 8.5x |
| Wed, 11 Jun 2025 | €332.2b | €38.4b | €5.9b | 38.9x | 56.7x | 8.7x |
| Fri, 09 May 2025 | €327.8b | €38.6b | €5.8b | 36.8x | 56.5x | 8.5x |
| Sun, 06 Apr 2025 | €289.4b | €38.2b | €3.3b | 23.8x | 87.7x | 7.6x |
| Tue, 04 Mar 2025 | €339.4b | €38.1b | €3.3b | 23.2x | 103.8x | 8.9x |
| Thu, 30 Jan 2025 | €333.8b | €38.0b | €3.3b | 25.1x | 100.9x | 8.8x |
| Sat, 28 Dec 2024 | €298.8b | €36.9b | €2.9b | 28.3x | 102.4x | 8.1x |
| Mon, 25 Nov 2024 | €283.5b | €36.9b | €2.9b | 28.1x | 97.1x | 7.7x |
| Wed, 23 Oct 2024 | €271.6b | €36.9b | €2.9b | 30.3x | 93x | 7.4x |
| Fri, 20 Sep 2024 | €259.1b | €36.2b | €2.7b | 29.9x | 94.9x | 7.2x |
| Sun, 18 Aug 2024 | €248.0b | €36.2b | €2.7b | 30.7x | 92.6x | 6.9x |
| Tue, 16 Jul 2024 | €234.1b | €34.8b | €2.6b | 26.8x | 89.4x | 6.7x |
| Thu, 13 Jun 2024 | €221.5b | €35.1b | €2.6b | 23.4x | 86.8x | 6.3x |
| Sat, 11 May 2024 | €219.8b | €35.1b | €2.6b | 22.9x | 86x | 6.3x |
| Mon, 08 Apr 2024 | €224.5b | €35.1b | €3.9b | 20.2x | 58.1x | 6.4x |
| Wed, 06 Mar 2024 | €220.3b | €34.9b | €4.1b | 20.2x | 53.5x | 6.3x |
| Fri, 02 Feb 2024 | €207.8b | €35.1b | €4.0b | 22.1x | 51.4x | 5.9x |
| Sun, 31 Dec 2023 | €180.3b | €36.0b | €2.3b | 21.6x | 78.1x | 5x |
| Tue, 28 Nov 2023 | €182.6b | €36.0b | €2.3b | 22x | 79.6x | 5.1x |
| Thu, 26 Oct 2023 | €161.7b | €35.8b | €2.3b | 25.6x | 69.8x | 4.5x |
| Sat, 23 Sep 2023 | €161.0b | €35.7b | €1.9b | 27.9x | 85.2x | 4.5x |
| Mon, 21 Aug 2023 | €161.0b | €35.7b | €1.9b | 28.7x | 85.1x | 4.5x |
| Wed, 19 Jul 2023 | €167.5b | €35.2b | €2.0b | 31.3x | 85.1x | 4.8x |
| Fri, 16 Jun 2023 | €163.5b | €35.4b | €2.3b | 33.3x | 72.1x | 4.6x |
| Sun, 14 May 2023 | €157.9b | €35.5b | €2.3b | 30x | 68.8x | 4.5x |
| Tue, 11 Apr 2023 | €152.0b | €34.7b | €2.9b | 28.2x | 52.3x | 4.4x |
Price to Earnings Ratio
52.3x
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 26.4x which is lower than its 3-year average PE of 69.6x.
- The 3-year average PS ratio of 6.4x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 35% per year over the last three years.
- Revenues for these companies have grown 5.4% 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 | 3.36% | |
| Tech | 4.19% | |
| Software | 4.34% | |
| Application Software | 4.36% | |
| Systems Software | 0.20% | |
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 | |
|---|---|---|---|---|---|
| SAP SAP | €148.90 | 4.4% +€7.4b | -35.6% | PE24.3x | |
| NEM Nemetschek | €64.80 | 4.7% +€334.9m | -34.3% | PE34.4x | |
| AOF ATOSS Software | €76.50 | 4.7% +€54.1m | -37.2% | PE25.2x | |
| 1INN innoscripta | €68.10 | 7.8% +€49.0m | n/a | PE16x | |
| MUM Mensch und Maschine Software | €34.40 | 3.1% +€17.3m | -29.6% | PE17.8x |
