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German (DAX) Application Software Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies37
  • 7D-7.5%
  • 3M-18.8%
  • 1Y-28.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 7.5%, driven by SAP declining 7.4%. Overall the industry is down 28% in 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026€237.4b€40.3b€7.3b25.2x32.5x5.9x
Sun, 21 Dec 2025€260.9b€40.3b€7.3b24.1x35.7x6.5x
Tue, 18 Nov 2025€258.6b€40.3b€7.3b24.9x35.4x6.4x
Thu, 16 Oct 2025€291.6b€38.9b€6.7b32.1x43.8x7.5x
Sat, 13 Sep 2025€276.2b€38.9b€6.7b34.9x41.5x7.1x
Mon, 11 Aug 2025€314.2b€39.0b€6.7b30x47.1x8.1x
Wed, 09 Jul 2025€330.0b€38.1b€5.9b31.2x56.4x8.7x
Fri, 06 Jun 2025€338.9b€38.4b€5.9b39x57.9x8.8x
Sun, 04 May 2025€333.8b€39.3b€5.9b32.4x56.3x8.5x
Tue, 01 Apr 2025€306.1b€38.3b€3.3b24.9x92.8x8x
Thu, 27 Feb 2025€343.2b€38.1b€3.3b23x105x9x
Sat, 25 Jan 2025€329.5b€36.9b€2.9b27.9x112.9x8.9x
Mon, 23 Dec 2024€295.2b€36.9b€2.9b28.3x101.1x8x
Wed, 20 Nov 2024€276.1b€36.9b€2.9b28x94.6x7.5x
Fri, 18 Oct 2024€266.5b€36.2b€2.7b30.8x97.6x7.4x
Sun, 15 Sep 2024€252.6b€36.2b€2.7b29.6x92.5x7x
Tue, 13 Aug 2024€238.9b€36.2b€2.7b30.9x89.3x6.6x
Thu, 11 Jul 2024€231.2b€34.7b€2.8b27.5x83.5x6.7x
Sat, 08 Jun 2024€222.1b€35.1b€2.6b23.5x87x6.3x
Mon, 06 May 2024€215.8b€35.8b€2.7b22.1x80.7x6x
Wed, 03 Apr 2024€224.0b€35.1b€3.9b20.2x57.9x6.4x
Fri, 01 Mar 2024€219.6b€34.9b€4.1b20.6x53.8x6.3x
Sun, 28 Jan 2024€204.9b€35.1b€4.0b22.2x50.7x5.8x
Tue, 26 Dec 2023€178.7b€36.0b€2.3b23.1x77.4x5x
Thu, 23 Nov 2023€182.6b€36.0b€2.3b24.1x79.5x5.1x
Sat, 21 Oct 2023€159.6b€35.5b€2.6b26.8x61.3x4.5x
Mon, 18 Sep 2023€163.9b€35.7b€1.9b28.7x86.7x4.6x
Wed, 16 Aug 2023€163.8b€35.6b€1.9b30.6x86.7x4.6x
Fri, 14 Jul 2023€166.9b€35.2b€2.0b32.4x84.8x4.7x
Sun, 11 Jun 2023€161.6b€35.4b€2.3b31.6x71.2x4.6x
Tue, 09 May 2023€159.6b€35.4b€2.3b29.3x69.5x4.5x
Thu, 06 Apr 2023€151.1b€34.7b€2.9b27.8x52.1x4.4x
Sat, 04 Mar 2023€141.5b€34.6b€2.9b27.2x48.7x4.1x
Mon, 30 Jan 2023€135.2b€34.1b€3.8b26.8x35.4x4x
Price to Earnings Ratio

35.4x


Total Market Cap: €135.2bTotal Earnings: €3.8bTotal Revenue: €34.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Application Software Industry Price to Earnings3Y Average 70.9x202420252026
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 32.5x 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-1.45%
Tech-5.23%
Software-7.51%
Application Software-7.54%
Systems Software1.51%
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
MUM Mensch und Maschine Software€44.003.3%
+€23.3m
-16.0%PE25.2x
NB2 Northern Data€12.650.8%
+€6.4m
-72.9%PS4.1x
ABT Advanced Bitcoin Technologies€0.2437.9%
+€1.4m
39.5%PS16.1x
MSGL msg life ag€3.660.5%
+€856.0k
16.6%n/a
TMV TeamViewer€5.850.09%
+€784.8k
-45.7%PE7.9x

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