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German (DAX) Application Software Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies37
  • 7D0.6%
  • 3M-20.6%
  • 1Y-37.1%
  • YTDn/a

In the last week, the Application Software industry is flat overall, with Northern Data standing out by going down 11%. Unfortunately though, the industry is down 37% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026€209.7b€40.6b€7.4b21.8x28.3x5.2x
Sat, 31 Jan 2026€214.5b€40.6b€7.6b25.2x28.4x5.3x
Mon, 29 Dec 2025€259.6b€40.3b€7.3b25.6x35.5x6.4x
Wed, 26 Nov 2025€256.5b€40.3b€7.3b24.3x35.1x6.4x
Fri, 24 Oct 2025€301.4b€40.2b€7.3b28x41.2x7.5x
Sun, 21 Sep 2025€284.1b€38.9b€6.7b35.7x42.7x7.3x
Tue, 19 Aug 2025€296.2b€39.0b€6.7b29.6x44.5x7.6x
Thu, 17 Jul 2025€325.2b€38.1b€5.9b30.2x55.6x8.5x
Sat, 14 Jun 2025€319.0b€38.4b€5.9b38.7x54.5x8.3x
Mon, 12 May 2025€326.6b€38.6b€5.8b37x56.3x8.5x
Wed, 09 Apr 2025€281.0b€38.2b€3.3b23.5x85.2x7.3x
Fri, 07 Mar 2025€328.0b€38.1b€3.3b25.3x100.3x8.6x
Sun, 02 Feb 2025€335.4b€38.0b€3.3b25.5x101.4x8.8x
Tue, 31 Dec 2024€294.9b€36.9b€2.9b32x101.1x8x
Thu, 28 Nov 2024€276.3b€36.9b€2.9b27.6x94.7x7.5x
Sat, 26 Oct 2024€278.0b€36.9b€2.9b29.8x95.2x7.5x
Mon, 23 Sep 2024€257.0b€36.2b€2.7b29.5x94.1x7.1x
Wed, 21 Aug 2024€247.2b€36.2b€2.7b30.4x92.3x6.8x
Fri, 19 Jul 2024€225.3b€34.8b€2.6b27x86x6.5x
Sun, 16 Jun 2024€220.3b€35.1b€2.6b22.7x86.3x6.3x
Tue, 14 May 2024€220.4b€35.1b€2.6b22.7x85.9x6.3x
Thu, 11 Apr 2024€216.9b€35.1b€3.9b20.2x56.1x6.2x
Sat, 09 Mar 2024€224.3b€34.9b€4.1b20.1x54.5x6.4x
Mon, 05 Feb 2024€209.1b€35.1b€4.0b22.1x51.8x6x
Wed, 03 Jan 2024€177.5b€36.0b€2.3b21.5x76.9x4.9x
Fri, 01 Dec 2023€187.3b€36.0b€2.3b21.8x81.6x5.2x
Sun, 29 Oct 2023€161.5b€35.9b€2.3b26.1x69.9x4.5x
Tue, 26 Sep 2023€160.1b€35.7b€1.9b27.4x84.7x4.5x
Thu, 24 Aug 2023€166.7b€35.7b€1.9b29.6x88.2x4.7x
Sat, 22 Jul 2023€158.6b€35.2b€2.0b30.1x80.6x4.5x
Mon, 19 Jun 2023€165.6b€35.4b€2.3b33.4x73x4.7x
Wed, 17 May 2023€157.8b€35.5b€2.3b29.7x68.8x4.5x
Fri, 14 Apr 2023€151.0b€34.7b€2.9b28.5x52x4.4x
Sun, 12 Mar 2023€142.7b€34.6b€2.9b28.2x49.2x4.1x
Price to Earnings Ratio

49.2x


Total Market Cap: €142.7bTotal Earnings: €2.9bTotal Revenue: €34.6bTotal Market Cap vs Earnings and Revenue0%0%0%
German Application Software Industry Price to Earnings3Y Average 70.3x202420252026
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 28.3x which is lower than its 3-year average PE of 70.3x.
  • The 3-year average PS ratio of 6.4x is higher than the industry's current PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 37% 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-3.60%
Tech-0.50%
Software0.60%
Application Software0.60%
Systems Software1.24%
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
SAP SAP€167.380.4%
+€1.2b		-36.8%PE27.3x
NEM Nemetschek€68.706.9%
+€513.8m		-40.7%PE38.8x
1INN innoscripta€76.2012.1%
+€82.0m		n/aPE17.9x
AOF ATOSS Software€87.104.2%
+€55.7m		-26.6%PE28.6x
MSGL msg life ag€3.963.7%
+€6.0m		22.2%n/a

Latest News

SAP
€167.38
SAP
7D
0.4%
1Y
-36.8%
1INN
€76.20
innoscripta
7D
12.1%
1Y
n/a
NEM
€68.70
Nemetschek
7D
6.9%
1Y
-40.7%
CSH
€6.34
CENIT
7D
-1.6%
1Y
-17.7%

CSH: Upcoming Investor Day Will Clarify Profitability Outlook And Undervalued Upside

Analysts have kept their price target for CENIT steady at €16.00, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E that still support the same headline valuation level. What's in the News CENIT plans an Analyst/Investor Day event titled "CENIT Aktiengesellschaft Analyst/Investor Day," giving the market a fresh touchpoint with management's updated assumptions and priorities (Key Developments).
SJJ
€12.90
Serviceware
7D
-8.5%
1Y
-7.2%
NB2
€9.79
Northern Data
7D
-10.8%
1Y
-71.7%

NB2: Steady Core Assumptions Will Support Reappraisal Of Undervalued AI Infrastructure

Analysts have maintained their €26.33 price target on Northern Data, making only minor adjustments to assumptions around the discount rate, profit margin and future P/E, without indicating any change in their core view of the company. Valuation Changes Fair Value: Unchanged at €26.33 per share, indicating no adjustment to the core valuation estimate.
FAA
€12.05
Fabasoft
7D
1.3%
1Y
-33.1%
N4G0
€1.80
NAGA Group
7D
-25.9%
1Y
-67.3%
MUM
€38.00
Mensch und Maschine Software
7D
-1.6%
1Y
-22.6%

Mensch und Maschine Software SE's (ETR:MUM) Earnings Haven't Escaped The Attention Of Investors

Feb 13
Mensch und Maschine Software SE's (ETR:MUM) Earnings Haven't Escaped The Attention Of Investors
AOF
€87.10
ATOSS Software
7D
4.2%
1Y
-26.6%

ATOSS Software SE's (ETR:AOF) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

Feb 05
ATOSS Software SE's (ETR:AOF) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
LSX
€3.54
LS telcom
7D
-5.3%
1Y
16.4%
ABX
€1.52
Advanced Blockchain
7D
-15.6%
1Y
-51.7%
ESY
€17.50
Easy Software
7D
2.9%
1Y
-2.2%
PSAN
€45.60
PSI Software
7D
-0.2%
1Y
63.4%
8R20
€0.049
Universal Digital
7D
16.7%
1Y
n/a
MSGL
€3.96
msg life ag
7D
3.7%
1Y
22.2%