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German (DAX) Application Software Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies38
  • 7D-3.5%
  • 3M-20.8%
  • 1Y-32.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 3.5%, driven by a pullback from SAP of 3.6%. In contrast, Northern Data has gained 8.7%. However, the industry is down 32% 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026€208.2b€40.7b€7.4b20.2x28.1x5.1x
Tue, 10 Feb 2026€217.8b€40.6b€7.6b24.3x28.8x5.4x
Thu, 08 Jan 2026€260.3b€40.3b€7.3b25.2x35.6x6.5x
Sat, 06 Dec 2025€266.1b€40.3b€7.3b24.3x36.4x6.6x
Mon, 03 Nov 2025€280.6b€40.3b€7.3b29.1x38.5x7x
Wed, 01 Oct 2025€284.8b€38.9b€6.7b34.6x42.8x7.3x
Fri, 29 Aug 2025€295.6b€38.9b€6.7b34.8x44.4x7.6x
Sun, 27 Jul 2025€306.8b€38.9b€6.7b30x46.1x7.9x
Tue, 24 Jun 2025€312.5b€38.3b€5.9b30.4x53.4x8.2x
Thu, 22 May 2025€331.7b€38.4b€5.8b37.6x57.2x8.6x
Sat, 19 Apr 2025€284.9b€38.2b€3.3b28.3x86.5x7.5x
Mon, 17 Mar 2025€305.3b€38.0b€3.3b25.6x93.4x8x
Wed, 12 Feb 2025€347.7b€38.0b€3.3b22.3x105.2x9.1x
Fri, 10 Jan 2025€306.0b€36.9b€2.9b28.8x104.9x8.3x
Sun, 08 Dec 2024€303.0b€36.9b€2.9b28.1x103.8x8.2x
Tue, 05 Nov 2024€268.8b€36.9b€2.9b28.3x92.1x7.3x
Thu, 03 Oct 2024€257.0b€36.2b€2.7b31x94.1x7.1x
Sat, 31 Aug 2024€250.2b€36.2b€2.7b30x91.1x6.9x
Mon, 29 Jul 2024€244.4b€35.5b€2.6b30.2x95x6.9x
Wed, 26 Jun 2024€226.4b€35.1b€2.6b25.7x88.7x6.5x
Fri, 24 May 2024€226.8b€35.1b€2.6b23x88.7x6.5x
Sun, 21 Apr 2024€209.4b€35.1b€3.9b23x54.1x6x
Tue, 19 Mar 2024€218.5b€34.9b€4.1b19.9x53x6.3x
Thu, 15 Feb 2024€210.4b€34.9b€4.1b21.1x51.6x6x
Sat, 13 Jan 2024€186.6b€36.0b€2.3b22.2x80.8x5.2x
Mon, 11 Dec 2023€190.5b€36.0b€2.3b22.2x83x5.3x
Wed, 08 Nov 2023€170.4b€36.0b€2.3b23.7x73.9x4.7x
Fri, 06 Oct 2023€157.2b€35.7b€1.9b27.2x83.4x4.4x
Sun, 03 Sep 2023€165.7b€35.7b€1.9b29x87.7x4.6x
Tue, 01 Aug 2023€161.9b€35.6b€1.9b32.1x86.9x4.5x
Thu, 29 Jun 2023€158.2b€35.5b€2.3b31.5x69.9x4.5x
Sat, 27 May 2023€159.8b€35.5b€2.3b31.3x69.6x4.5x
Mon, 24 Apr 2023€157.6b€34.7b€2.9b27.1x54.2x4.5x
Wed, 22 Mar 2023€146.8b€34.7b€2.9b28.9x50.6x4.2x
Price to Earnings Ratio

50.6x


Total Market Cap: €146.8bTotal Earnings: €2.9bTotal Revenue: €34.7bTotal Market Cap vs Earnings and Revenue0%0%0%
German Application Software Industry Price to Earnings3Y Average 70.1x202420252026
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 27.9x which is lower than its 3-year average PE of 70.1x.
  • The 3-year average PS ratio of 6.4x is higher than the industry's current PS ratio of 5.1x.
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 5.5% 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-0.60%
Tech-2.34%
Software-3.48%
Application Software-3.48%
Systems Software-1.45%
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
NB2 Northern Data€10.348.7%
+€53.0m
-62.7%PS3.3x
NEM Nemetschek€69.550.5%
+€40.4m
-39.7%PE39.3x
CLIQ Cliq Digital€2.6872.4%
+€6.6m
-52.4%PS0.1x
FAA Fabasoft€11.952.1%
+€2.6m
-34.2%PE14.8x
SJJ Serviceware€13.451.9%
+€2.6m
-2.5%PE125.1x

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