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German (DAX) Application Software Industry Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies35
  • 7D-0.5%
  • 3M-5.7%
  • 1Y-13.5%
  • YTDn/a

The Application Software industry has stayed flat over the last week. Unfortunately though, the industry is down 13% over the past 12 months. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025€261.7b€40.3b€7.3b24.8x35.8x6.5x
Mon, 10 Nov 2025€269.1b€40.3b€7.3b26.2x36.8x6.7x
Wed, 08 Oct 2025€293.0b€38.9b€6.7b33.8x44x7.5x
Fri, 05 Sep 2025€291.3b€38.9b€6.7b34.4x43.7x7.5x
Sun, 03 Aug 2025€306.9b€39.0b€6.7b30.5x46x7.9x
Tue, 01 Jul 2025€322.7b€38.3b€5.9b30.8x55.1x8.4x
Thu, 29 May 2025€328.8b€38.4b€5.8b39.6x56.4x8.6x
Sat, 26 Apr 2025€307.5b€39.2b€5.9b30.9x52.1x7.9x
Mon, 24 Mar 2025€315.7b€38.1b€3.3b26x96.4x8.3x
Wed, 19 Feb 2025€348.1b€38.1b€3.3b23x105.2x9.1x
Fri, 17 Jan 2025€317.7b€36.9b€2.9b28.1x108.9x8.6x
Sun, 15 Dec 2024€300.4b€36.9b€2.9b28.3x102.9x8.1x
Tue, 12 Nov 2024€278.5b€36.9b€2.9b28.6x95.4x7.5x
Thu, 10 Oct 2024€261.5b€36.2b€2.7b30.6x95.8x7.2x
Sat, 07 Sep 2024€240.7b€36.1b€2.7b30x88.3x6.7x
Mon, 05 Aug 2024€235.0b€36.2b€2.7b31.5x87.5x6.5x
Wed, 03 Jul 2024€231.1b€34.7b€2.8b30.8x83.4x6.7x
Fri, 31 May 2024€211.0b€35.1b€2.5b24.5x82.8x6x
Sun, 28 Apr 2024€219.6b€35.7b€2.7b20.5x82.3x6.2x
Tue, 26 Mar 2024€229.0b€35.1b€3.9b20x59.2x6.5x
Thu, 22 Feb 2024€206.8b€34.9b€4.1b20.2x50.7x5.9x
Sat, 20 Jan 2024€191.4b€36.0b€2.3b22.5x82.9x5.3x
Mon, 18 Dec 2023€182.7b€36.0b€2.3b22.6x79.1x5.1x
Wed, 15 Nov 2023€176.3b€36.0b€2.3b23.4x76.8x4.9x
Fri, 13 Oct 2023€162.1b€35.6b€1.9b27.5x86.8x4.6x
Sun, 10 Sep 2023€169.0b€35.7b€1.9b27.7x89.5x4.7x
Tue, 08 Aug 2023€159.9b€35.6b€1.9b29.7x84.6x4.5x
Thu, 06 Jul 2023€160.7b€35.2b€2.0b32.3x81.6x4.6x
Sat, 03 Jun 2023€162.2b€35.4b€2.3b31.5x70.8x4.6x
Mon, 01 May 2023€160.0b€35.4b€2.3b28.1x69.9x4.5x
Wed, 29 Mar 2023€147.0b€33.9b€2.9b29.3x50.8x4.3x
Fri, 24 Feb 2023€140.7b€34.6b€2.9b26.9x48.5x4.1x
Sun, 22 Jan 2023€137.9b€34.1b€3.8b26.2x36.1x4x
Tue, 20 Dec 2022€127.4b€34.1b€3.8b24.7x33.2x3.7x
Price to Earnings Ratio

33.2x


Total Market Cap: €127.4bTotal Earnings: €3.8bTotal Revenue: €34.1bTotal Market Cap vs Earnings and Revenue0%0%0%
German Application Software Industry Price to Earnings3Y Average 70.9x202320242025
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 35.8x 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 6.3x.
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 Market1.65%
Tech-0.43%
Software-0.52%
Application Software-0.51%
Systems Software-2.50%
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€45.053.4%
+€25.0m		-15.3%PE25.8x
TMV TeamViewer€5.641.1%
+€9.4m		-44.1%PE7.7x
MSGL msg life ag€3.621.7%
+€2.6m		13.8%n/a
FAA Fabasoft€16.001.3%
+€2.1m		-3.6%PE18.8x
LSX LS telcom€3.827.3%
+€1.5m		20.1%PS0.5x

Latest News

AOF
€114.60
ATOSS Software
7D
-4.0%
1Y
-4.0%
NB2
€14.31
Northern Data
7D
-0.3%
1Y
-64.5%

NB2 Will Rely On New Leadership To Unlock AI Infrastructure Upside

Analysts have lowered their price target on Northern Data from EUR 27 to EUR 15. This reflects expectations for slightly slower revenue growth and a lower future earnings multiple that together reduce the company’s assessed fair value.
NEM
€93.10
Nemetschek
7D
-0.05%
1Y
-0.7%

NEM: Digital Construction Adoption Will Drive Premium Multiples Despite Mixed Near-Term Sentiment

Nemetschek's analyst price target has been trimmed slightly to about EUR 123 from roughly EUR 124 as analysts balance strong growth expectations in construction software, along with recent Buy initiations and upgrades, against a marginally higher discount rate and mixed target revisions. Analyst Commentary Analysts remain divided on Nemetschek's near term valuation, but are broadly constructive on its long term growth profile and strategic positioning within construction software.
SAP
€208.20
SAP
7D
-2.6%
1Y
-13.6%

SAP: Cloud Conversion And BlackLine M&A Optionality Will Drive Future Upside

The analyst price target for SAP has inched lower by approximately $1 to about $287 per share, as analysts balance slightly higher discount rates and modestly trimmed valuation multiples against still constructive views on the company’s cloud driven growth trajectory and resilient long term positioning highlighted in recent research. Analyst Commentary Recent Street research reflects a predominantly constructive stance on SAP, with several upward price target revisions offset by a modest reduction from one firm.
TMV
€5.64
TeamViewer
7D
1.1%
1Y
-44.1%

TMV: Cost Discipline And Margin Resilience Will Support Future Share Price Upside

Analysts have reduced their price target on TeamViewer from EUR 14 to EUR 11, reflecting slightly softer assumptions for long term revenue growth, profit margins and valuation multiples. Analyst Commentary Recent commentary highlights a more cautious stance on TeamViewer, with price targets adjusted downward to reflect moderated expectations for growth and profitability.
1INN
€91.30
innoscripta
7D
-0.5%
1Y
n/a

Some innoscripta SE (ETR:1INN) Shareholders Look For Exit As Shares Take 25% Pounding

Dec 04
Some innoscripta SE (ETR:1INN) Shareholders Look For Exit As Shares Take 25% Pounding
81D
€4.86
Swissnet
7D
-8.3%
1Y
-25.2%

Swissnet AG (FRA:81D) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Nov 26
Swissnet AG (FRA:81D) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
FAA
€16.00
Fabasoft
7D
1.3%
1Y
-3.6%

We Think You Should Be Aware Of Some Concerning Factors In Fabasoft's (ETR:FAA) Earnings

Nov 15
We Think You Should Be Aware Of Some Concerning Factors In Fabasoft's (ETR:FAA) Earnings
SJJ
€16.20
Serviceware
7D
-1.8%
1Y
26.6%
N4G
€0.35
NAGA Group
7D
-17.8%
1Y
-48.8%
ISHA
€1.11
INTERSHOP Communications
7D
3.7%
1Y
-35.1%
MUM
€45.05
Mensch und Maschine Software
7D
3.4%
1Y
-15.3%
LSX
€3.82
LS telcom
7D
7.3%
1Y
20.1%

Does LS telcom (ETR:LSX) Have A Healthy Balance Sheet?

Aug 21
Does LS telcom (ETR:LSX) Have A Healthy Balance Sheet?
8W50
€0.59
Vidhance
7D
33.5%
1Y
5.3%

Vidhance (FRA:8W50) Is In A Good Position To Deliver On Growth Plans

Aug 05
Vidhance (FRA:8W50) Is In A Good Position To Deliver On Growth Plans
MSGL
€3.62
msg life ag
7D
1.7%
1Y
13.8%
ABT
€0.19
Advanced Bitcoin Technologies
7D
18.8%
1Y
9.8%